True, but the dollar is worth less as well, so who knows the real value now.Glad I got my gold at 350 a coin.
Kinda rough buying into it now, but its been good for me.
I'm gold and cash. With the cash, I keep it in a term deposit at my credit union. Credit unions here give better interest. 2.59% and are 100% insured.
Currently my lease is up end of Feb. Deciding on either buying a house or getting another short term lease. Real estate here is still going up, but condo/townhouse sales are down with rents. The low end of the market usually goes first. So I'll likely get another six month lease. Different house then I'm at.
One held view is that the price of gold factors in inflation.True, but the dollar is worth less as well, so who knows the real value now.
They insure the deposits like all banks. But unlike a regular bank, deposits are insured for whatever you had in the account. Regular banks here insure up to $250k, if you have more in the account, its lost if the bank goes under. I see my term deposits as very safe investments.Insured.![]()
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One held view is that the price of gold factors in inflation.
Not sure, but its one theory.
They insure the deposits like all banks. But unlike a regular bank, deposits are insured for whatever you had in the account. Regular banks here insure up to $250k, if you have more in the account, its lost if the bank goes under. I see my term deposits as very safe investments.
The insurer is the government. Its shared between my province and the feds. I locked in last year, interest rates higher. Glad I'm not doing it today, the rate is 1.59% VS my 2.59%. We also have something called a guaranteed investment certificate. The principal is guaranteed against loss. But they cap the return to $100k.Insurance is ONLY as Good as the Insurer. IMO
Total Trust is very Difficult to Aquire.![]()
177 airRight now precious metals like copper and lead connected to shiny brass!
all these metals when connected together have more than doubled in price!
These connected metals come is different sizes
380
9mm
40
45
357
556x45
762x39
762x51
are some of the more popular sizes
Just for your 411 you opened my blind eyes about the 45/70. That is a kick ass round!177 air
556
223
38
9mm
357
22
17hmr
30.06
40
45
22-250
25auto
45/70
all went up in smoke when the boat sank
Problem is cash devalues over time with inflation at or near the rate it gains in interestThey insure the deposits like all banks. But unlike a regular bank, deposits are insured for whatever you had in the account. Regular banks here insure up to $250k, if you have more in the account, its lost if the bank goes under. I see my term deposits as very safe investments.
It’s a biggyJust for your 411 you opened my blind eyes about the 45/70. That is a kick ass round!
I need to dump my 30/30 and get a mans rifle!
LoL
biggy roundJust for your 411 you opened my blind eyes about the 45/70. That is a kick ass round!
I need to dump my 30/30 and get a mans rifle!
LoL
Sure - silver, platinum, palladium,...Yeah, holding physical gold is generally seen as a way to preserve value, a hedge against inflation
Some things that's aren't sexy, but are solid investment values, would be copper and coal.
Copper is needed for electronics and pretty much anything electrical, and demand will only go up.
Coal is cheap because climate change...but coal isn't just burned for fuel. Its needed for the production of tons of shit, including electronics and carbon fiber (it's where the carbon comes from...coal is carbon)
I like the silver EaglesGold and silver. I like U.S. half dollars. You can get a box of 1000 half dollars for $500. They will have order them at your bank.
Unless your family is freezing to deathSure - silver, platinum, palladium,...
Thing is when you move out of precious metals to commodities like copper, and coal what happens is the volume you need as a hedge becomes prohibitive to handle and store. 10 gold coins fit in a few inches of space and is worth 20K.
If you heat you house with coal buying another ton or 2 makes sense. Trying to use coal as a bargaining commodity is really tough.
UD
hence my comment about if you heat with coal pick up some more.Unless your family is freezing to death
Ever see Marlins game guide for 45-70?It’s a biggy
There used to be an Orange account with ING. 3 months, 3% and its insuredI'm gold and cash. With the cash, I keep it in a term deposit at my credit union. Credit unions here give better interest. 2.59% and are 100% insured.
Currently my lease is up end of Feb. Deciding on either buying a house or getting another short term lease. Real estate here is still going up, but condo/townhouse sales are down with rents. The low end of the market usually goes first. So I'll likely get another six month lease. Different house then I'm at.
This seems like the most obvious solution and I agree with it. But as I sit here (after throwing $100,000 in the stock market that I had sitting in cash in my Roth IRA back in March) scratching my head watching that money turn into $150,000. I paid off my home back in 2018 and the only debt that I have is my vacation home. With that being said, it takes every bit of restraint in not selling at least $50,000 and paying off my vacation home and finally being completely debt free...Borrow as much money as you can at 2.5% and buy value/blue chip stocks paying 2% or more dividends with 75% of it. The rest sprinkle it around with precious metals and collectibles.
No but I was talking to a guy on 45/90sEver see Marlins game guide for 45-70?
I've bought from Kitco, MoneX, and private parties and shops.Where do you guys recommend buying the gold & silver from?
Thats a thumper, once on a motorcycle ride through alaska a restaurant we stopped at had a picture of- get thisNo but I was talking to a guy on 45/90s
Sorry dont know that area.Any recommendations for shops in the San Diego or so cal area
LOL the coal/copper thing was a separate thought as a good investment play. Not a suggestion to amass physical stores of eachSure - silver, platinum, palladium,...
Thing is when you move out of precious metals to commodities like copper, and coal what happens is the volume you need as a hedge becomes prohibitive to handle and store. 10 gold coins fit in a few inches of space and is worth 20K.
If you heat you house with coal buying another ton or 2 makes sense. Trying to use coal as a bargaining commodity is really tough.
UD
That brings up a point of how one distributes ones paper vs. physical holdings.LOL the coal/copper thing was a separate thought as a good investment play. Not a suggestion to amass physical stores of each
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You won't hate being 100% debt free and if you hate it go back and get more debt. Are you at the age where you can withdraw from the roth without a hit ? You have to pay on gains if you are under 59 1/2 correct ? A lot depends on your age, If it wont hurt the nest egg I would pay that off today.This seems like the most obvious solution and I agree with it. But as I sit here (after throwing $100,000 in the stock market that I had sitting in cash in my Roth IRA back in March) scratching my head watching that money turn into $150,000. I paid off my home back in 2018 and the only debt that I have is my vacation home. With that being said, it takes every bit of restraint in not selling at least $50,000 and paying off my vacation home and finally being completely debt free...
I'm a partner in Midas Gold Group. www.midasgoldgroup.com Happy to answer any questions you may have about buying/owning/holding precious metals.Where do you guys recommend buying the gold & silver from?
Whats your coin foundry of choice and why?I'm a partner in Midas Gold Group. www.midasgoldgroup.com Happy to answer any questions you may have about buying/owning/holding precious metals.
Its called the FDIC here. Your deposits are insured as well provided you are under the thresholds.Insurance is ONLY as Good as the Insurer. IMO
Total Trust is very Difficult to Aquire.![]()
IMO, You did NOT read and understand my statement.Its called the FDIC here. Your deposits are insured as well provided you are under the thresholds.
I understood that you must keep all your money under your mattress.IMO, You did NOT read and understand my statement.
Wasn't there a Problem back in '29??I understood that you must keep all your money under your mattress.