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<p>[QUOTE="gbroke, post: 1321036, member: 22585"]I see you printed some graphs. You are ready for business!</p><p><br /></p><p>But seriously. Be sure to cover all of your bases. </p><p>A few things I would worry about if I was going to try something like this:</p><p><br /></p><p>-Do I have enough working capital to purchase large amount of silver or items?</p><p>-Security/Storage of my silver and coins. </p><p>-How much profit do I have to make each month to keep the rent paid, lights, on, and earn a living?</p><p>-How would I even make money if all I am doing is buying?</p><p>-If I am going to get 'junk' coins melted...what are all the costs involved with that?</p><p>-Can I really deal with crackheads, on a daily basis, coming in trying to sell stolen jewelry, coins, etc..</p><p><br /></p><p><br /></p><p>You say "I plan on accumulating as much physical silver that I can in the next 15 years, and then start moving more into U.S. Coins (more of a buyer’s market)"</p><p><br /></p><p>My question to is: Where does a store come into play? Why wouldn't you just buy silver from other sources? Doesn't sound like you are even offering anything as a seller? Seems all the money you would use for a B&M shop would be better used towards more purchases.</p><p><br /></p><p><b>Silver as a long term investment?</b></p><p><b><br /></b></p><p>Is silver really the best place to put my money as an investment? My gut feeling is no. I would be snatching up houses and land (at least in MI where I live) for 1/8th of their previous values. When the economy is in the crapper, and you have money to spend....there are better investment opportunities. </p><p><br /></p><p>Also, you mentioned your buddy runs on 15%-17% profit. Do you think that is good? Doesn't seem like it to me unless he's doing millions of dollars a year in business.</p><p> </p><p>Anyway, not trying to be negative. Just trying to give you some things to think about.</p><p><br /></p><p>Someone has to play devils advocate!</p><p><br /></p><p>[ATTACH]149889.vB[/ATTACH]</p><p>Either way, I certainly hope for the best and wish you luck![/QUOTE]</p><p><br /></p>
[QUOTE="gbroke, post: 1321036, member: 22585"]I see you printed some graphs. You are ready for business! But seriously. Be sure to cover all of your bases. A few things I would worry about if I was going to try something like this: -Do I have enough working capital to purchase large amount of silver or items? -Security/Storage of my silver and coins. -How much profit do I have to make each month to keep the rent paid, lights, on, and earn a living? -How would I even make money if all I am doing is buying? -If I am going to get 'junk' coins melted...what are all the costs involved with that? -Can I really deal with crackheads, on a daily basis, coming in trying to sell stolen jewelry, coins, etc.. You say "I plan on accumulating as much physical silver that I can in the next 15 years, and then start moving more into U.S. Coins (more of a buyer’s market)" My question to is: Where does a store come into play? Why wouldn't you just buy silver from other sources? Doesn't sound like you are even offering anything as a seller? Seems all the money you would use for a B&M shop would be better used towards more purchases. [B]Silver as a long term investment? [/B] Is silver really the best place to put my money as an investment? My gut feeling is no. I would be snatching up houses and land (at least in MI where I live) for 1/8th of their previous values. When the economy is in the crapper, and you have money to spend....there are better investment opportunities. Also, you mentioned your buddy runs on 15%-17% profit. Do you think that is good? Doesn't seem like it to me unless he's doing millions of dollars a year in business. Anyway, not trying to be negative. Just trying to give you some things to think about. Someone has to play devils advocate! [ATTACH]149889.vB[/ATTACH] Either way, I certainly hope for the best and wish you luck![/QUOTE]
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