Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
TRYING TO "Play the GSR" -- HORRIBLE IDEA
>
Reply to Thread
Message:
<p>[QUOTE="rrholdout, post: 2910517, member: 89654"]And that's what crushed the Amish in east Lancaster County. I guess only the small tourism out Lincoln Highway is keeping them alive. I just never found the skinned squirrels and shoo-fly pie all that appealing.</p><p><br /></p><p>I'm at 3% in metal [mostly numismatic silver], and the rest in land. Not because I think that is the ideal portfolio . . . I'm just a lifelong contractor that specializes in restoring rural property. I've said before be very cautious with land. This notion it's a foolproof investment from a 'buy and hold' perspective is outdated. It is a <i>very</i> soft market out in the sticks. </p><p><br /></p><p>You want money in land, work it. Successfully lowball raw acreage, establish a residential/hobby farm vision for an end user, DIY minimally improve, sell with financing. Have ironclad seller protection in your contract, be optimistic with your buyer, but root for default. With land you get out what you put in - up to a point. The key is knowing when to say when. This is of course a 'flip' scenario, not a 'hold'.</p><p><br /></p><p>Kurt somewhere recommends 'numismatic silver' as the preferred buy in metal. I agree. It's the<i> immediate</i> potential return, generally 100% and above, that makes a buy a good buy. Does that mean both the collectible and bullion market couldn't bottom out at some point? Of course not. There is always risk. Even in that apple tree.</p><p><br /></p><p>Baseball seems to recommend that one should always be gambling with one's money due to best possible outlook on returns. Well a lot of folks are poor gamblers, and even good gamblers know when <i>not</i> to gamble. There is a place for commodity-holds. And commodities like land that bleed cash every year are not necessarily a good hold. Liquidity-wise it's an iron yoke. And if your land gets on the community radar in a big way [think 'eminent domain'], you're not winning that fight. My wife's family had a farm that went back generations - county needed a landfill, and approached them with a low cash offer. They refused. County said, 'Well, you can either take the offer, or we'll condemn it, and you get nothing.' Read a little on the land appropriations regarding national parks and New Deal projects. It's sobering. No investment is safe that you can't physically secure and move.[/QUOTE]</p><p><br /></p>
[QUOTE="rrholdout, post: 2910517, member: 89654"]And that's what crushed the Amish in east Lancaster County. I guess only the small tourism out Lincoln Highway is keeping them alive. I just never found the skinned squirrels and shoo-fly pie all that appealing. I'm at 3% in metal [mostly numismatic silver], and the rest in land. Not because I think that is the ideal portfolio . . . I'm just a lifelong contractor that specializes in restoring rural property. I've said before be very cautious with land. This notion it's a foolproof investment from a 'buy and hold' perspective is outdated. It is a [I]very[/I] soft market out in the sticks. You want money in land, work it. Successfully lowball raw acreage, establish a residential/hobby farm vision for an end user, DIY minimally improve, sell with financing. Have ironclad seller protection in your contract, be optimistic with your buyer, but root for default. With land you get out what you put in - up to a point. The key is knowing when to say when. This is of course a 'flip' scenario, not a 'hold'. Kurt somewhere recommends 'numismatic silver' as the preferred buy in metal. I agree. It's the[I] immediate[/I] potential return, generally 100% and above, that makes a buy a good buy. Does that mean both the collectible and bullion market couldn't bottom out at some point? Of course not. There is always risk. Even in that apple tree. Baseball seems to recommend that one should always be gambling with one's money due to best possible outlook on returns. Well a lot of folks are poor gamblers, and even good gamblers know when [I]not[/I] to gamble. There is a place for commodity-holds. And commodities like land that bleed cash every year are not necessarily a good hold. Liquidity-wise it's an iron yoke. And if your land gets on the community radar in a big way [think 'eminent domain'], you're not winning that fight. My wife's family had a farm that went back generations - county needed a landfill, and approached them with a low cash offer. They refused. County said, 'Well, you can either take the offer, or we'll condemn it, and you get nothing.' Read a little on the land appropriations regarding national parks and New Deal projects. It's sobering. No investment is safe that you can't physically secure and move.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
TRYING TO "Play the GSR" -- HORRIBLE IDEA
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...