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LovingKayla · 04-19-2011, 07:30 PM

Actually all I wanted to do was hold my on hand petty cash in a safe place till I decided how exactly I was going to invest it. The fact it made this much return was a complete fluke as far as my planning went.

I was just so shocked it actually went UP as far as it did.

I wanted to post this and say, hey get on the train for a couple months. I'd bet the ranch it continues this trend, at least through the end of this year. I'm following the economic news very closely right now.

If you have some cash on hand that isn't going to be spent anywhere anytime soon, just put it into something liquid with a good return, just to hold it for a bit. It's a crime to have money standing by that's not making you money back every second it's around.

LovingKayla · 04-20-2011, 05:44 AM

44.76 this morning.

Gold is at 1505

I've had a few PM's asking about this. I've been studying the markets for only about a year. I'm having a slow go of it, trying to work out the thinkorswim platform and what not. Buying silver and gold is as easy as driving to the gold store and handing them cash and they hand you back silver or gold. They sell it to you for what the market says they can. When the market goes up, hopefully you have a pocket full of silver and gold to sell back at a much higher rate. Of course this only works if the market goes up. However, metals are pretty safe, especially with what's happening right now. Our AAA rating is in trouble and we have been moved from stable to negitive in the world. That's super fucking bad yall. If you've not been keeping up with what's going on, you HAVE GOT TO START PAYING ATTENTION.

This is NOT business as usual. Don't let this come up behind you and smack your head off.

If you have as little as 50 bucks sitting around go buy a silver coin and stash it. ESPECIALLY IF YOU HAVE ZERO. Have SOMETHING stashed.

LovingKayla · 04-20-2011, 05:46 AM

And providers, you are flat out stupid hoes if you don't take a percentage and invest it. buy a coin a week even. None of you pay taxes. You can work out 15-20% of your pay that WOULD GO TO TAXES and put into your future.

mayday · 04-20-2011, 09:20 AM

good advice. what the smart ones will do going forward is price their services in precious metals coins or dollars. the time has come when you measure your wealth in how many ounces you own, not how many dollars you own.

LovingKayla · 04-20-2011, 04:37 PM

I'm totally doing that. 6 oz of silver for 90 min.

LovingKayla · 04-21-2011, 05:45 AM

Silver 46.13 this morning. Every second you waste, will cost what could have been literal free money. It's gone up 4 bucks since I started this thread and 8 since I first mentioned this a month ago. I am so glad I listened to my mother and bought at 18. If this trend continues I can almost retire.

Guest022712-3 · 04-21-2011, 06:55 AM

Quote:

Originally Posted by SoftPlaceToLand

And providers, you are flat out stupid hoes if you don't take a percentage and invest it. buy a coin a week even. None of you pay taxes. You can work out 15-20% of your pay that WOULD GO TO TAXES and put into your future.

You know-- you've said this multiple times now and it's starting to annoy me. I pay my taxes EVERY.BLESSED.YEAR. The only "stupid hoes" are those who flatly refuse to pay their taxes.

Actually had a discussion with a gent who works in the industry yesterday. Right now, silver is going up because gold is getting too cost prohibitive to invest in. But, you can liken it to the difference in buying a Ferrari for 100K or a Hyndai for 40K. Of course, the Ferrari is the far better deal, but fewer can afford it, so many people flock to the Hyundai so that they have SOMETHING. Yes, silver is going up now and is going to go up... but don't bank on precious metals not crashing again. It's an ebb and flow, just like the tech market, just like the housing market. If you are doing it strictly for the money option, you are best off selling when it gets high. But, many who invest in precious metals are doing it more for the security of something solid as opposed to the actual cash value at any given point in time.

The only best reason to have money invested in precious metal is in case the "shit hits the fan". I've had money invested in metals since I was a child (inherited). And yes, I have the actual physical coinage, not just money in a random account.

mayday · 04-21-2011, 08:26 AM

the shit has hit the fan. hang on to your metals and add to your stash whenever the market crashes which it does about every three months or so.

Guest022712-3 · 04-21-2011, 08:59 AM

You and I have a very different definition of "shit hitting the fan".

mayday · 04-21-2011, 10:09 AM

you may not be aware of this but in 08 our Government, banking system and corporate America came within hours of completely shutting down. they haven't solved anything, they have just bought more time.

Guest022712-3 · 04-21-2011, 10:37 AM

The "shit hits the fan" when there is no more time to be bought. Anything before that is merely time to prepare. Most sheeple will be perfectly calm and content until after disaster has occurred, hence the "shit hitting the fan".

LovingKayla · 04-21-2011, 08:22 PM

Mayday don't even try and explain. It's too complicated for this forum. And December if the shoe doesn't fit then don't wear the damn thing. If you are not a stupid hoe then why take on the mantle. You mean to tell me u account for every single dime that goes through yours hands and pay on ALL of it? I'll believe that when you show me Eden in the desert. I'm the biggest stupidest hoe there is. Don't you know that? I have been totally retarded up till a year ago. I'm giving based on my experience.

Your advice is very generic and applies to almost every single investing strategy out there. Everyone knows silver is a poor mans gold. That's been true forever.

And ps your friend is wrong about metals for the forseeable future. I'm willing to bet the ranch.

Don't take stuff so personally. It makes people wonder why.

billw1032 · 04-21-2011, 09:23 PM

Quote:

Originally Posted by SoftPlaceToLand

And ps your friend is wrong about metals for the forseeable future. I'm willing to bet the ranch.

SPTL, I applaud your initiative to save and invest, and I think you are wise to study and understand the markets. More people here (and everywhere) should follow that example. But, I respectfully disagree with you on a couple of points. First, the duration of the foreseeable future is zero. No one has a crystal ball. And, never ever ever bet the ranch. Should you diversify? Yes. Should you plan for the worst case scenario? Yes. But don't bet everything on it.

Guest022712-3 · 04-21-2011, 09:46 PM

Do not get me wrong SPTL-- precious metals are "generally" a safe investment. And with current world trends, my normal instinct to "sell" when it is this high is being quelled by the potential "what ifs". Not from a monetary standpoint, but from a future ability to barter if need be standpoint.

What I'm saying is that when any commodity market gets flooded, for whatever reason, 9 times out of 10 the crash is horrific. If our economy manages to recover-- gold is going to see a plummet, and as history proves, silver will go with it.

I agree with the above poster in that diversification is a much better security blanket than putting all your eggs in a silver lined basket. You work too damned hard for your money to risk all of it-- but if you are really getting into investments, you already know this. Metals aren't designed so much as an "investment" as an "insurance".

It is entirely possible that my friend is wrong with his predictions. But he makes his living by being RIGHT about these things. It's his profession. If I had to speculate, I'd say that silver will continue to go up, but at a slower pace, for the remainder of the year. Upon the new election, if the Dems lose the Presidency, it will drop. Probably into the high 20's, low 30's. Those who control the wealth are always less afraid when the Republicans are in power. When they are less afraid, they are more apt to sell their metals for the profit that the fear earned them.

LovingKayla · 04-22-2011, 04:51 AM

You guys think metals is my only thing?

I guess we can talk about the dividend-paying stocks portfolio or the world stock portfolio or the options contracts portfolio, shit I've got shares in the largest sheep ranch in Australia (which shot through the roof after their flood.)

Metals are an easy buy, and you guys have to face it, most of the providers (and a good portion of the men) won't do a thing unless it's easy.

Most probably didn't even know the price had more than doubled in the last 8 months.

Can't we do a thread about good investments right now? Surely there's someone out there that's willing to share something that's doing great besides metal.

December I agree about the republicans, however, The election is forever from now in a trading market. Of COURSE the price will vary, and I've got probably about 25 or so financial buddies too and most agree with your guy.... I do not. I've never been good at being a sheeple. I'm looking at this summer for the shoe to drop. Time will tell and I'll actually be pretty happy if I'm wrong. I've already made my profit off silver, but just in case, I've got a stash... And the whole point of this thread was to try and warn others that owning at least a little silver and gold is just plain smart.