I'm givng up gold, coins, securities and insecurities and putting a monthly sum on the house above so it will be paid uf when my disability runs out 10 years from now!
Smartest thing you've said in 62 posts. I'm not looking back in this thread, but I think you said you were going for a lease/sale option. Because of your admitted disability, please have a real estate lawyer look over said option, and not just one of your fellow general practitioners. Also pay a local non biased realtor to give you an estimate of the option price.
I guess this is no place to ask opinions of fellow collectors what investment such as gold, silver or other bullions were much wiser, so insister in real property. I simply followed their advise. Your advice I heed wisely. In the mean time, I picked up these trinkets to keep all options available.
I agree thats probably the smartest investment you could possibly make. It doesn't mean you have to give up coins or bullion though. I think so many people get so caught up in investing that they forget they have a mortgage and car payments and daily expenses, thus throwing that all on credit. Then they wonder why they're losing their homes. What good does a pile of gold do you when you're living in a cardboard box down by the river? Invest in your future....your home, retirement, family....first, then worry about insignificant things like metal. Guy~
A former client of mine suggest purchasing one of each of our mints products each year. Although he hasn't said how well He has made out, I would love to know how He is doing. Any guesses?
That depends entirely on exactly what mint products he has purchased. The vast majority of mint products do not increase in value at all, most lose value. The exception would be the bullion products which follow the spot price. And since the spot price of silver and gold has increased for the most part over the last 7 years or so, those products have increased in value. But should the spot price turn downwards, those increases will evaporate.
I would speculate that %90+ of the coin sets issued at the US mint in the last 40 years are worth less today then their original sale price from the mint.
Mint Products Is there any thing worth buying from the mint. I would like to invest monthly around $1000/mo?? in some sort of hard asset!! Any advice would be appreciated. I did take the prior advice and shall pay off my my lease option/rental in 120 months the same time that my disabily annuity dries up. PS Thanks Folks!
There are many options for $1000 a month. Keep learning. Sounds like you are off to a very good start. Personally, when I restarted (original collection stolen) I bought bullion, and some pre-1933. I love the pre-1933. However, after studying, I came to the determination that based on today's spot prices, that junk silver and silver bullion would be better concentrations for me personally. One major factor I take into my considerations is how I might feel if and when the price falls in-half. I like pretty things, especially with coins. I like the sound of junk silver. So, for me these are considerations. Granted, this is what works for me. I am not an expert, nor an educated coin collector. It think that my early up bringing has had an influence on me, good or bad. I just like coins. Always have. I just give myself more permission to have them now. I also use a safety deposit box these days too. Good luck! What ever you do , try to head in a direction that you can live with. Sometimes I go overboard for a while, and then, usually get back on track again.
Gold mine stocks has gone up from last years crash maybe too late to jump on the band wagon.Actual gold bullion you have to buy low and sell high.