What would you do with $50K+ to drop on physical RIGHT NOW...?

Discussion in 'Wealth Creation & Management' started by TingTing, Mar 19, 2014.

  1. TingTing

    TingTing Member

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    Totally agree with you. I don't give a yahoo about numismatics as a strategy. (although it would be indulgent to have a couple of silver lunar dragons to fondle occasionally!)

    I am only looking to get lumps of metal that will:

    a. hedge inflation long term
    b. diversify my portfolio
    c. become very handy in the future if fiat money comes in the shape of a toilet paper roll
    c. Silver that averages out to pay its own rent (storage fees, insurance, premiums paid etc)
    d. I can sell in small increments if/when required

    Make sense?
     
  2. worldbubble

    worldbubble Active Member

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    I'm biased and went through silver dip that's why I prefer semi-numiz, like dragons, and numiz ... these coins rise in value no matter what
    The way I save/invest in PM.
    My current silver to gold ratio is 80, and I plan to bring it down to 70 ... by I'm biased and like silver more than gold
    Out of 100% silver I have
    10% bullion - low premium silver
    70% semi-numiz bullion - like kookaburras, lunars, pandas, elephants, etc
    20% numismatics - rare pandas, chinese lunars, old coins

    My reasoning:
    three outcomes:
    1) silver prices is down - bullion down, numismatics retain their value, or slightly drop from highs, ... semi-numiz, in general, slightly go down
    2) silver prices is flat - bullion flat, numismatics rise in value due to time change, ... semi-numiz, rise in value
    3) silver prices is up- bullion is up tracking silver %gains, numismatics rise but not that much percentage wise ... semi-numiz rise
     
  3. valuecreator

    valuecreator Well-Known Member Silver Stacker

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    TingTing,

    I suggest you read Margin of Safety, by Seth Klarman (one of the most successful investor of his generation and the most successful Hedge Fund manager of all time. His book goes for $1600 in hard cover, but you can get it FREE here:

    http://www.2shared.com/document/i5nCya5f/Margin_of_Safety_Risk-Averse_V.html


    The guy is not a speculator...

    (Interestingly enough, right now he is largely in cash and gold, and has been returning money to investors in his funds because everything is so over-valued)


    [​IMG]
     
  4. 2ds

    2ds New Member

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    Personally I'd go 70% silver 30% other because of gsr.
    Also spend 45k on unallocated so you don't need to worry about storage and spend 5k to get some misc physical items which are fun and will give you a feel for the metal.
     
  5. TingTing

    TingTing Member

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    Thanks for providing actual percentages, appreciated. So are you saying you are currently 80%gold/20%silver in your allocation?
     
  6. worldbubble

    worldbubble Active Member

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    I've made a mistake there ... it should be silver to gold - 80:1
    so, for every 80 oz of silver I have 1 oz of gold
    the reason I don't like gold that much is gold coins don't rise in value the same way silver does.
     
  7. willrocks

    willrocks Well-Known Member Silver Stacker

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    I'd diversify

    40% booze
    30% hookers
    20% accommodation
    10% cuban cigars

    Because if you're going to get f#*ed, you might as well do it with style.
     

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