what to do?

G

grroov

Member
i have a sum of cash in a term deposit(10k) till september @6.2%. i am interested in investing in PM but don't know what to do. do i wait till my deposit matures and hope prices stabilise or pull my cash out of my term deposit now and hope silver stays on the wagon. im new to all this and it taken me awhile to save and i don't want to lose in a flash
thanks for your advice in advance
grroov
 
grroov said:
i have a sum of cash in a term deposit(10k) till september @6.2%. i am interested in investing in PM but don't know what to do. do i wait till my deposit matures and hope prices stabilise or pull my cash out of my term deposit now and hope silver stays on the wagon. im new to all this and it taken me awhile to save and i don't want to lose in a flash
thanks for your advice in advance
grroov
Click to expand...

I would pull it out if the fees aren't that high anyway LOL;

6.2 is such a horrible rate considering you can get 6.5 at UBank without a term deposit...as for investing well do your own research and see what you find because on here there is a bias towards pro PM investment obviously :)
 
Yep.. you're on silverstackers. Pretty much everyone here is bullish for silver. You're only going to get buy silver/gold and make sure its physical. I wish I had an extra 10k to throw into Ag ... too bad I don't.

Happy stacking (if you choose to go down that slippppppperrrrrrrrrrrrrrrrrrrrrrrrrrrrrry slope! WEEEEEEEEE!)
 
thanks for the replies. i did a lot of reading over the long weekend, it' seemed that my mind changed every hour between go for it and hold back and stay safe. so i meet it in the middle and stuck a toe in the water to test the temp before jumping in.
 
Safron hehe - thats the most expenisive item per kg that woolies sells.

It comes in a small vial 0.100 grams and costs aroudn $10 !!!

More expensive than Rhodium !!
 
The chart looks a little scary and a pullback could occur, so I wouldn't want to go all in with your $10k right now. This is not advice but an idea, could you get a no interest loan off of close family for say $2k and pay them back when TD matures? The $2k gets you a starting stack. You then continue to stack silver using any disposable income. If we do see that pullback and you have reason to still be bullish on silver then don't hesitate. Take out some/all of the term deposit early and shove it into silver. I haven't and won't go all in on metal, ever, because having some fiat is useful in case of an unexpected emergency.

edit: on the other hand Bob Chapman is predicating $60-80 silver in weeks and silver is in backwardation, so if you can't get the loan... :/
 
i put $2.5 k in yesterday and plan on watching how things go and buy bits here and there when my pay allows it
 
THUCYDIDES79 said:
Safron hehe - thats the most expenisive item per kg that woolies sells.

It comes in a small vial 0.100 grams and costs aroudn $10 !!!

More expensive than Rhodium !!
Click to expand...
What about vanila beans. WOW!!
 
MatrixOpals said:
I'm also bullish on:
Oil (fuel and cooking), Sugar, White Rice, Salt, Safron, Cotton, Coffee, Chocolate, Baking Soda, Honey and Nuts (especially Hazlenuts).
Kills many birds with one stone; protects against inflation; investment; food, fuel and clothing for self.

Unfortunately for most you can't hold onto much fuel unless with a license (more than 250 litres of dangerous goods requires a license in the State of QLD and most States of Australia).
Each State has slight different regulation.

You may need a "Dangerous Goods Site Licence"

WA: Dangerous Goods Act 1988
QLD: Dangerous Goods Act 1998
SA: Dangerous Substances Act and Regulations
VIC: Dangerous Goods Act -1995
TAS: Dangerous Goods Regulations 1998
NSW: Dangerous Goods Regulations 1998
NT: Dangerous Goods Regulation 217 and Dangerous Goods legislation
ACT: Dangerous Goods Act 1975 and Dangerous Goods Regulations 1978
Click to expand...
On a different topic, how can you store fuel without it going off after a few weeks/months?
 
boston said:
MatrixOpals said:
I'm also bullish on:
Oil (fuel and cooking), Sugar, White Rice, Salt, Safron, Cotton, Coffee, Chocolate, Baking Soda, Honey and Nuts (especially Hazlenuts).
Kills many birds with one stone; protects against inflation; investment; food, fuel and clothing for self.

Unfortunately for most you can't hold onto much fuel unless with a license (more than 250 litres of dangerous goods requires a license in the State of QLD and most States of Australia).
Each State has slight different regulation.

You may need a "Dangerous Goods Site Licence"

WA: Dangerous Goods Act 1988
QLD: Dangerous Goods Act 1998
SA: Dangerous Substances Act and Regulations
VIC: Dangerous Goods Act -1995
TAS: Dangerous Goods Regulations 1998
NSW: Dangerous Goods Regulations 1998
NT: Dangerous Goods Regulation 217 and Dangerous Goods legislation
ACT: Dangerous Goods Act 1975 and Dangerous Goods Regulations 1978
Click to expand...
On a different topic, how can you store fuel without it going off after a few weeks/months?
Click to expand...


Put it in your car and driveeeee.... aparently the atmosphere is a fantastic place to put all the by-product crap we get from industry and driving.
 
There is a compound you can add to petrol to extend its shelf life. Rawles mentions it a few times in his Patriots book (very badly written but worth a look if you're interested in after SHTF possibilities).
 
MatrixOpals said:
Unfortunately for most you can't hold onto much fuel unless with a license (more than 250 litres of dangerous goods requires a license in the State of QLD and most States of Australia).
Each State has slight different regulation.

You may need a "Dangerous Goods Site Licence"
Click to expand...

I am going to call bullsh1t. I would bet my left nut that anyperson with a property would hold onto more fuel than this. I think you may be getting confused in regards to transporting as you need a dangerous goods license and acreddited trailer to transport more than about XXX L of fuel down a main road.

I am open to being disproven on this.
 
MatrixOpals said:
euphoria said:
I am going to call bullsh1t. I would bet my left nut that anyperson [some other unbelieving & ignorant words]
Click to expand...

I have been to a few properties in my life and the only people I know whom have more than that amount are miners and farmers.
A Site License is still required for the storage of combustible and flammable fuel though if exceeding minor storage according to the Australian Standard 1940 Act.

As expressed above, restrictions start applying from 250L fuel storage (depending on the declared site location).
See Table 2.1 (which applies to the storage of Petroleum and Diesel fuels):
http://www.cairns.qld.gov.au/__data/assets/pdf_file/0018/7254/minorStorage.pdf

For Residential:
http://i55.tinypic.com/n1xjyr.jpg

If you are in Brisbane, you can pop into the office and ask over the counter:
Lutwyche Centro
Level 4 building.
543 Lutwyche Rd, Lutwyche, QLD.

You can also contact the department responsible for issuing out Site Licenses. 1300 369 915


You are welcome.
Click to expand...

Well if thats the case, I don't know anyone that stores over 250L of fuel on their property and I stand corrected. Can I have my nut back?
 
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