Bestoutwest
Well-known member
How many of you are turning to that sector to invest in since a lot of other sectors are falling apart?
Precious Metals
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Bestoutwest
Well-known member
I'm dabbling in some ETFs. Not too much, but still making some money in this market.
I'm nearly 100% in stock and down 7%. I like ETFs but don't like the expenses. I certainly understand why you would want some exposure to the sector though.
Not me. I'm mostly in etf, index funds, etc. If they collapse, money won't matter any ways.
Unless you are in some pretty risky single stocks selling out does not pan out. We have seen that play out on here before.
Unless you are in some pretty risky single stocks selling out does not pan out. We have seen that play out on here before.
Named'em Tamed'em
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I took aluminum cans in yesterday, $.75/lb. That's precious metal!!
livetoranch
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I've just sold my gold that I had in an IRA and reinvested it in cash mutual funds. I was told by my investor that you shouldn't have any more than about 6 months worth of living expenses in precious metals. Gold can be volatile too. I did well out of my gold investment but as I near retirement cash will always be king.
I still own some precious metals (PM's) i had as a kid collecting from 1971 to 76.... buried in upstate N.Y. after the divorce of my parents. Cache for my uncertain future being uprooted at age 13. Since then I've taken up a position in PM's in 2007 onward. Any available investment money i come into goes into the miners (gold-silver-copper stocks). Last year I made good money in oil exxon-mobil, conoco phillips, Valaro and others ~60% rise and got out. Oil is still rising now, but i'm not going back to oil....i believe the miners will take off now. Every dog has its day. The absolutely biggest dog (wrong picture) in the entire world is silver. It's the last of the Mohicans...Good Night Irene. Silver will be the things of bedtime stories to the grandkids of the near future. We all had equal opportunity...many of us saw it but did not act. Silver breaks God's law...God's ratio of Gold-Silver 1:16 G/S in the crust, from 1878 to 1935....twenty ounces of Morgan and/or Peace dollars got you one $20. Liberty Double Gold Eagle...basically 1/20th ratio. What is the ratio today? Your homework for tonight... and might change your future. Do You Own Diligence DYOD.
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Lee VanRoss
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I bought a Mannlicher Schoenauer with a double eagle that I had purchased for $325. Sold the rifle a few years later for $1200.
Good deal? Nope, I could have held on to the gold and it would be pushing 2K now. Albeit I did have a sweet rifle for a while!
TR I believe you to be right about the silver although its best value can be realized only if it is never necessary to relocate any distance
from where you have it stashed. (Yes, I literally mean stashed as not in a deposit box or the deep freeze or any place easy to access.
Let's face it. It does not take many silver dollars to make your pants want bag down and a 500 dollar box of mint tubes is cumbersome.
I like PVC , prefer the HD type ,,just be damn sure to use a GPS locater and not a fence line or tree than can die and break off!
Some creative plumbing is OK if you don't have to exit stage left in a hurry. I was taught to never carry enough money in one
pocket to pay for anything substantial. It raises less notice if you go through an extra pocket or two to get enough money.
I am not sure you will see gold/silver go back to a 20 to 1 ration again due to the industrial use of silver that was not prevelant
in the 19th century when the value was set. (But if it does I don't have enough!) The biggest joke today is the non precious metal
coins the US Mint is putting out.
Good deal? Nope, I could have held on to the gold and it would be pushing 2K now. Albeit I did have a sweet rifle for a while!
TR I believe you to be right about the silver although its best value can be realized only if it is never necessary to relocate any distance
from where you have it stashed. (Yes, I literally mean stashed as not in a deposit box or the deep freeze or any place easy to access.
Let's face it. It does not take many silver dollars to make your pants want bag down and a 500 dollar box of mint tubes is cumbersome.
I like PVC , prefer the HD type ,,just be damn sure to use a GPS locater and not a fence line or tree than can die and break off!
Some creative plumbing is OK if you don't have to exit stage left in a hurry. I was taught to never carry enough money in one
pocket to pay for anything substantial. It raises less notice if you go through an extra pocket or two to get enough money.
I am not sure you will see gold/silver go back to a 20 to 1 ration again due to the industrial use of silver that was not prevelant
in the 19th century when the value was set. (But if it does I don't have enough!) The biggest joke today is the non precious metal
coins the US Mint is putting out.
greybeard
Well-known member
I used to by lots of 1 to 10 oz silver pieces for Christmas and Valentines gifts............ for different girlfriends. It was dirt cheap at the time. Under $10/oz and sometimes under $5/oz.
Flowers wilt and chocolate goes to the midsection...
Flowers wilt and chocolate goes to the midsection...
Lee VanRoss
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A 10 ounce silver piece is substantial...
puzzled in oregon
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I was quite surprised at the size of a 1/2 kilo Silver Canadian coin I purchased. Not something you put on your pocket and go shopping. The nice thing about some of the Canadian coins, that fall into more of a collector category, is that they are stamped with a dollar value.
Dave
Well-known member
I do better than that in Oregon. 10 cents a can. You just need to find the ones where someone else paid the deposit. Even better cash in Washington cans that friends and family bought without a deposit.I took aluminum cans in yesterday, $.75/lb. That's precious metal!!
farmerjan
Well-known member
We get alot of "returnable for refund" plastic here in Va even though we are not a return for refund state. We save up and take them when we go up north to visit family. Most all are refund in CT or VT or NY... so make a little gas money that way. 5 cents a bottle... and the time to spend putting them through the machine... With gas/fuel costing the way it is now, even a $10-20 bunch of bottles counts...
Son of Butch
Well-known member
March 8 2021 gold 1,684 oz
I thought as an inflation hedge gold would take off, instead it just kind of sputtered along.
January 27 2022 gold 1793 oz
Russia/Ukraine seems to have lit a fire under it and now it's flirting with 2,000
Today March 7 2022 gold 1986 oz
$1986 - 1684 = 302 = Gold is up 17.9% vs year ago
The Euro is down 4.5% in the last 2 weeks and looks like it will continue downward trend as long as the problems in Ukraine weigh on Europe, which should push gold up and up. just my 2 cents
edited to add:
Gold closed at 2,001 today (up 18.8% vs year ago)
silver 25.83
bit coin 39,901
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Bestoutwest
Well-known member
Maine has a $0.05 deposit, and as kid I would handle that in the household. I would bag them up, load them and do all the work at the bottle place. Made a bit of pocket change that way.
I'd really like to see Idaho do something like that. There's quite the economy associated with it. There were a bunch of bottle return places that employed folks, an economy based on collecting them from those businesses, and all the drug addicts kept the sides of the roads picked up. It was win-win.
I'd really like to see Idaho do something like that. There's quite the economy associated with it. There were a bunch of bottle return places that employed folks, an economy based on collecting them from those businesses, and all the drug addicts kept the sides of the roads picked up. It was win-win.
Bestoutwest
Well-known member
I jumped into an oil ETF on Friday and it's up $8/share this morning. All of my metal investments are up. It's a shame I don't have more to invest in those sectors.
Dave
Well-known member
The biggest I have cashed in was $82 and change. Most came from Washington friends and relatives. It took me an hour to stuff them through the machine. But $82 an hour is pretty good wages. Especially for a retired guy who is collecting a pension while doing it.
Son of Butch
Well-known member
Day trading and ETFs can be quick money makers in a volatile market.
But for every dollar made, someone else lost a dollar. Afterall someone had to sell you their shares on Friday for you to make $8/share today.
Personally I feel more comfortable at a Black Jack table than day trading, even though I know statistically day trading is less risky than Black Jack in the long run, but both take a lot of discipline.
Bestoutwest
Well-known member
I'm not really in the day trading thing. These are for some longer term gains. I don't think that things will be resolved quickly, or without getting too messy, honestly.
The one time I played Black Jack in a casino, it was a Saturday and the PBR was there. $15 a hand, and I played 2 hands. I was in college and lost almost all my week's grocery money in about 2 minutes. Penny slots from here on for me.
