Precious metals

Oh I get it, thanks for speaking slowly as I only have an 8th grade education. Preparing for the diminishing dollar which is when? I only see a strengthening dollar. Please help me wrap this around my feeble mind.

 

Nope. Numismatic coins are not PMs. Did you go to 8th grade too?

 

Although US gov't minted coins are considered PMs.

 

He never stops, I kill him over and over and he just keeps spitting out nonsense....

But here is why you buy Kookaburras early in the year, because as soon as they run short the price goes way up, so you can have a positive trade in a bear cycle.....

Earlier this year they were going for $21 now $28 and in a year or so $40 during a bear cycle..... and when silver takes off you will have premium silver, win win..........

So for now switch back to eagle and maple until 2016 come out.......

 

Somebody help me pleeeeease........

 

Okay I'm back, I couldn't find my abacus as it was located well behind all of my GI Joes but I'm good now. So tell me how you've insured your personal wealth? When I trade in my pretend portfolio with make believe stocks I can wrap and insure my assets with options or go to cash for complete insurance. Buying a few coins does what exactly? Even bullion which to shr133 200 oz. seemed out of his league can protect you how? I mean let's assume someone, not you, owns a home with about 200k in equity, 175k in a 401k, maybe a 30k stock account and 2k in checking and savings. How does a few coins protect you when the dollar crashes or equity prices fall? Would the appreciation in your PMs save you? I don;t think so. I'd think if this was the case you'd need at least 50% of your net worth tied up in PMs. Otherwise like most, a maximum of 5-10% of anyone's portfolio should be assigned to PMs as a strategy to fend off volatility and reduce the risk in one's portfolio.

 

Bingo. It will not make me rich, as I only havea small % of my portfolio in PMs, but rather will lessen the potential loss of dollar based investments like savings accounts and 401k.

It all depends on how diminished the value of the dollar reaches.

 

Why is he still babbling?????

He just keeps repeating the same crap....

PMs are part of the plan, which is smart, it's call diversification....

DEFINITION of 'Diversification'
A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique contends that a portfolio of different kinds of investments will, on average, yield higher returns and pose a lower risk than any individual investment found within the portfolio.

Diversification strives to smooth out unsystematic risk events in a portfolio so that the positive performance of some investments will neutralize the negative performance of others.



and you add timing and cycles and you put your money in the smartest asset at the current time......
You buy valuable things for a deal, just like Buffet.......

and right now PMs are one of the smartest trades........

 

If you bang your head against the wall because my words are to big try on a new tinfoil hat, it'll hurt less.

 

Is there any difference between investing in PM's and coins or diversifying yourself across the major currency markets? From my experience my currency investments, which are under someone elses control because that shit is complicated, have always done very well and would provide an excellent hedge against any one currency taking a shit dive. Unless the world economy crashes. In which case watch Mad Max and see how many times people ask for silver or gold as payment. Which is never.

I know it's very debatable using a currency trading partner as your investor because it removes some of your control from your investments, but if the guy is proven and works for a large firm then your odds are he will do a butt ton better than a guy like me who knows nothing about currency investments.

 

Absolutely!

 

It's completely different.... I looked at it a few times, but it's a lot to know, you need an expert and be able to read between the lines...
Very easy to get burned and not much up side so I deemed it too risky... But it can make some money if you're right...
The problems is gov and central banks lie, so it can be tricky...... Like when Switzerland depegged from the ERUO and China just depegged from the dollar...

But anything that will go up if the dollar goes down would be a good hedge...

But all fiats currencies loose to inflation so you need a trade that can beat inflation.....

Again reevaluation doesn't lead to mad max just high inflation.......... Shut down of gov and war lead to mad max....

Look at Greece that's what's in our future... So plan now....

PMs get some of your money out of the hands of bankers and gov.... From digital to physical.... Yes it is less practical but the safest investment/savings/insurance you can make long term....

 

And yet the government just avoided shutdown. Now all we can hope for is this so called fiat currency to collapse....

 

How, by cutting spending??? No by saying it's OK to spend.....

 

Oh yes, spend spend spend away and watch the dollar appreciate!

 

How's that balancing the budget???? It's not, they are doing nothing to fix the problem and it's not going away...
That's why we're getting PMs, you can't print up gold coins.....

 

No need to balance the budget. America lives on! Long live the free market!

 

Yup, just as I thought, not a single one of these episodes depicted any fool trading coins for food, water, fuel or weapons. I'll keep watching and let you know if they do though, I'm only halfway through the FIFTH season.....