New here (America Silver eagles collector)

Discussion in 'Bullion Investing' started by bgkentucky123, Jun 9, 2016.

  1. CoinZone

    CoinZone Active Member

    Half Roth IRA in a low fee mutual fund that has the Total Stock market Index and
    Buy 5 ASE s a month.
    Metals are a hedge against inflation.
    5 ASEs a month may be overdoing it.
    Stay off the drugs man, doing that you are way ahead of the game.
    Good luck bro and welcome.
     
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  3. Pawnmonkey

    Pawnmonkey -----so easy even a monkey can do it-----

    but from another angle, who has a better chance of making toast? :)
     
    Kentucky and Dave M like this.
  4. slackaction1

    slackaction1 Supporter! Supporter

    BURNT TOAST NOT WORTH MUCH BUT YOU CAN MAKE A TOAST WITH YOUR PROFIT...
     
  5. fish4uinmd

    fish4uinmd Well-Known Member

    Welcome to CT, bg.
     
  6. fish4uinmd

    fish4uinmd Well-Known Member

    Don't buy ASE's as an investment...I think you will be disappointed. Good luck and enjoy the hobby.
     
  7. fish4uinmd

    fish4uinmd Well-Known Member

    If you are truly clean of the drugs, you made the best investment there.
     
  8. Merica#1

    Merica#1 New Member

    First of all good for you for becoming my brother in Christ and second of all silver is a great investment especially now because silver prices are low but are steadily rising in the past 10-13 years
     
  9. Santinidollar

    Santinidollar Supporter! Supporter

    You are getting contrarian opinions on ASE's as an investment. I will add my two cents: don't buy graded/slabbed ASEs. I think precious metals are always a swing-for-the fence investment (Babe Ruth struck out twice as many times as he homered) but slabbed ASE's as an investment qualify as brain dead, IMO.
     
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  10. John King

    John King Member

    How about buying junk silver as insurance? What is the best way to do this? You can buy it by the pound of about $250. You are still getting ripped because your coins are only 90% silver.
     
  11. Brett_in_Sacto

    Brett_in_Sacto Well-Known Member

    My investments justify themselves, and the reason is that I don't take any of them as absolute - or ever lasting.

    Markets for all investments go up and down. Stock, real estate, metals, bonds, interest rates on savings.

    The key to making investments work is knowing when to leverage them. Learn why people did what they did with them, and what the result was.

    "I saw everyone buying gold, so I thought it was a good idea"

    Usually this leads to someone buying at the high end of the market, and when it corrects - they lose and think "gold is bad" when in fact it was their timing and following the herd that was the problem.

    People thought buying and flipping houses was a great thing in 2007 because real estate was on fire and going up every day. Good idea, right?

    Remember real estate in 2007, remember gold in 2012. Look where they started and ended their markets over a span of several years.

    Next, look at why people made the decisions - were they just following someone else's advise that had already made their money?

    The regulars in here know I'm a contrarian and I do well betting against popular opinion at the right times. I watch the herd, and as soon as it's headed for the cliff - I'm one of the first to take an opposing view and await the stupidity to follow.

    Everyone said not to buy real estate in 2010, and I did - thereby getting in at the bottom of the fallout.

    Everyone said not to buy gold or silver last summer, and I did. Big time. I bought as much as I could with available cash. This year I'm sitting pretty and we're into an upswing market. It doesn't mean it will go on forever, and I am now beginning to sell some of it and book the wins and free up some cash for the next investment.

    Silver good or bad? Silver is silver. What you do with it and how you play it will make it good or bad.

    You may find solace in long term savings. I'd doubt that in 20 years silver will lose. As long as you can consider selling in 19 years when you see a market peak - or in 22 years after a lull.

    Study the markets, study the people and look at who made good and bad decisions - model your decisions on what you know, and what you're comfortable with.

    Not only should you have a plan to acquire silver - but you should be creating a plan to SELL the silver so you can realize the profit when the time comes.

    Now to figure out what to do with the garage full of Beanie Babies I invested in back in 1992. They've got to be worth millions by now! :) Think I'll quit my job and then figure out how to sell them. :)
     
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  12. John King

    John King Member

    That's funny. I was buying silver trays, bowls and silverware back in early 2000's and paying around $7 an ounce. I should have just kept stacking all that sterling but I asked myself " How long do I have to wait to sell at profit" I would have had to wait about 10 years. I kick myself for stopping buying up silver at auctions where it was being sold for melt. I don't think I have 10-15 years to wait this time.
     
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  13. saltysam-1

    saltysam-1 Junior Member

    You need to be knowledgeable about selling as well as buying. If you hang on forever, you will loose your profits or your children will inherit them. After all, they paid nothing so their profit is 100%. You paid for it with your life. I would like to see everyone succeed during their own separate life span.
    .
     
    Last edited: Jun 23, 2016
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  14. John King

    John King Member

    Yes, I think with precious metals you must buy low and sell high when the prices spike. That does not come around all that often once every 30 years maybe.
     
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