Gold investing.

[Cranky]

If he’s a legit financial advisor he shouldn’t be “indirectly telling you” anything. His job is to direct traffic on your investments and not be coy about anything. Some of these guys are so horseshit they want to give advice like politicians and to ensure they’re not making a mistake they talk out of both sides of their mouth. I wouldn’t deal with that type - I want the straight scoop as best they can advise.

When I first started trading the 'advisor' knew I was a newbie but he didn't advise me on anything but he kept pushing stuff on me that I didn't want to trade in even after telling him what I wanted to do. One time I was in this one stock and had an order in to sell once it hit a certain price and after ticking close to that price a couple of times I called him to go ahead and sell it. He didn't cancel the limit order and it hit that price a few days later and sold short. Well, it worked out....but he got a ration of crap from me and left. After talking to a couple of other firms and telling them what happened, they said a good advisor will usually check for that sort of thing before putting in the order. Learned about shorting stocks that way at least lol. Wasn't long after when the internet blew up and started using that for trading. He was another young guy looking to make the bucks and was probably in debt to the 911 Porsche that was out in the parking lot. 100 bucks per trade back then and that's not for a round trip. 100 in and 100 out no matter if it was for 1 share or 1000.

 

[wahya]

If he’s a legit financial advisor he shouldn’t be “indirectly telling you” anything. His job is to direct traffic on your investments and not be coy about anything. Some of these guys are so horseshit they want to give advice like politicians and to ensure they’re not making a mistake they talk out of both sides of their mouth. I wouldn’t deal with that type - I want the straight scoop as best they can advise.

I don’t have any gold to sell and not looking to buy. Just conversation on what some people are doing and he gave me his opinion and it was not a good idea. Watch it go up now.

 

[70bigblockdodge]

I parked my first truck in 1980 and cashed out, a good move. De ja vu, I repeated the process last year, but this time I retired

Buddy of mine just sold his '84, 359 a few months ago, got absolute crazy money for it. He said back when he bought it he would never sell it, I guess never was a few months ago. Makes me wish I would have held mine a year longer, not the same caliber truck, but I could have doubled what I got for it. Prices are high now, that won't last. I'm sure the speed limiters will come in about the time I want to sell this POS KW I have now, and I'll lose again. Story of my life.

 

[33 IMP]

Current situation:
Checked with the two places mentioned in this thread (THANKS, guys!). The California place offered $1750, compared to my local guy offering 1705. I can bring em in and walk with cash, no irs report.
The Michigan place offered $1800, I'd have to mail and insure them, wait for them to be evaluated, and then get a check. Worse, they wouldn't deal with me without an email address, which I won't give to ANY business.
So, I guess a trip back to my Cali place is in order.

 

[wahya]

Maybe?

 

[Photon440]

Current situation:
Checked with the two places mentioned in this thread (THANKS, guys!). The California place offered $1750, compared to my local guy offering 1705. I can bring em in and walk with cash, no irs report.
The Michigan place offered $1800, I'd have to mail and insure them, wait for them to be evaluated, and then get a check. Worse, they wouldn't deal with me without an email address, which I won't give to ANY business.
So, I guess a trip back to my Cali place is in order.

In cases like that, I create another gmail account which can be abandoned later.

 

[Hey-O]

In cases like that, I create another gmail account which can be abandoned later.

You're right, I have three email accounts. Good, bad and ugly!!

 

[Sam69sat]

Current situation:
Checked with the two places mentioned in this thread (THANKS, guys!). The California place offered $1750, compared to my local guy offering 1705. I can bring em in and walk with cash, no irs report.
The Michigan place offered $1800, I'd have to mail and insure them, wait for them to be evaluated, and then get a check. Worse, they wouldn't deal with me without an email address, which I won't give to ANY business.
So, I guess a trip back to my Cali place is in order.

Gold spot is $1970 at the moment. Hope you held on!

 

[33 IMP]

Still got em. Not gonna get to california for a few days yet. If I do sell em, I'll post what I get....[/QUOTE]

 

[Orig69]

Just hit $1987 a few minutes ago and I believe it's on the way to $2000.00 in the next week or so.

 

[KiwiKid72]

How much would I get for this? May swap for '72 Satellite leaf springs.

 

[VANDAN]

Still got em. Not gonna get to california for a few days yet. If I do sell em, I'll post what I get....

[/QUOTE]
33, Hold 'em if you don't need the $$ now. Prices will be going UP...

 

[DeltaV]

Hold gold. Buy silver.

 

[Hey-O]

How much would I get for this? May swap for '72 Satellite leaf springs.

View attachment 1435158

In downtown St. Louis you would get between 60 to 160 grains of lead and a trip to the Hospital, where you would later succumb to the lead poisoning or Covid.

 

[cr8crshr]

Latest "Spots" in bullion and metals...

Buy Gold & Silver Bullion Online | Free Shipping - JM Bullion

Buy Gold, Silver, and Platinum bullion online at JM Bullion. FREE Shipping on $199+ Orders. Immediate Delivery - Call Us 800-276-6508 - BBB Accredited.

www.jmbullion.com

• live spot prices:
• Gold Ask$1,999.51$0.00
• Silver Ask$22.87$0.87
• Platinum Ask$992.48$1.88
• Palladium Ask$1,467.35$-13.02
• cr8crshr/Bill

 

[DeltaV]

With what's coming around the corner, purchasing .9999 fine silver for less than $30 per troy ounce is a good deal says my crystal ball.

Precious Metals Dealer | Buy Gold & Silver Online - SD Bullion

 

[33 IMP]

Looks like I might have made around $200/coin by not being in a hurry.
I think I'm gonna stay " not in a hurry" for a while.

 

[VANDAN]

Not what this post is about, but watch the Crypto's as Our dollar collapses, they're also climbing, still time to buy...

 

[68-500]

There is an asterisk to this strategy- If your investments are paying more than your debt is charging.

Big business does this all the time.

My home mortgage is 3%. Why would I sap money from my brokerage account that is paying 8.5% to pay off that 3% debt?

Basically my investments are making my mortgage payment with some left over that I get to keep.

I do make the equivalent of two additional payments each year, and that has saved tens of thousands of dollars in interest over the life of the loan.

(Actually our real estate investments are making all of our mortgage and bill payments with some left over, but the example above was easier to explain)

Numbers dont add up like 8.5-3 equals 5. Im no financial advisor but I suspect that set of numbers is probably breaking even. That said id rather be debt free and liquid then 500k in debt and same liquidity

 

[YY1]

The point is that the income stream continues after the debt is paid off.

Hard to do if you trade the income stream away to pay off the debt.