windfall (by Fred [KY]) Sep 8, 2009 5:00 PM|
windfall (by Jason PA [PA]) Sep 8, 2009 5:04 PM
windfall (by Fred [KY]) Sep 8, 2009 5:10 PM
windfall (by gevans [SC]) Sep 8, 2009 5:14 PM
windfall (by Red [GA]) Sep 8, 2009 5:29 PM
windfall (by in [IN]) Sep 8, 2009 5:46 PM
windfall (by Fred [KY]) Sep 8, 2009 6:05 PM
windfall (by RJ [WI]) Sep 8, 2009 7:04 PM
windfall (by Genie [TN]) Sep 8, 2009 7:42 PM
windfall (by AllyM [NJ]) Sep 8, 2009 8:03 PM
windfall (by Reid [KS]) Sep 8, 2009 9:04 PM
windfall (by MARTIN [KY]) Sep 9, 2009 2:13 PM
windfall (by Fred [KY]) Posted on: Sep 8, 2009 5:00 PM
State Specific Question About: KENTUCKY (KY)
I took physical posession of 30K gold/silver this summer on a hunch. I just inherited over 100K recently. Do you think that I should put this amount into silver? Silver is close to $17 an ounce and it is touted to go to 50 or $200 an ounce due to the unstable dollar and our worthless president Osama. He really is worthless, but he's just a puppet, so that sort of cancels things out.
I don't want to buy any more rentals and I'm just looking to get more than .05% on my money. Where do you all see gold and silver going?
At the current market prices.........100K of silver would be close to 400 pounds. Kind of hard to hide that amount of silver + my other stash. Open to any suggestions, but I want to stay away for safe deposit boxes as our present administration could put the whammy on them.
The silver and gold that I bought three months ago went up 20% since then. I want to grab that tiger by the tail and hang on. Thanks for any input.
windfall (by Jason PA [PA]) Posted on: Sep 8, 2009 5:04 PM
Just curious, does the govt get notified via a 1099 int or something like that when you buy and sell physical metals? --74.99.xxx.xxx
windfall (by Fred [KY]) Posted on: Sep 8, 2009 5:10 PM
If you are asking me to help you wash money, I won't divulge the amount that you can trade with under the radar.
I'm just asking if I should buy 100K of silver and it WILL be reported. I have nothing to hide. --91.204.xxx.xxx
windfall (by gevans [SC]) Posted on: Sep 8, 2009 5:14 PM
Gold hit a record high today, over $1000. It MIGHT go higher, but you are gambling...
I guess we all are. --216.218.xx.xx
windfall (by Red [GA]) Posted on: Sep 8, 2009 5:29 PM
Until gold closes a few times above a $1000 be very careful investing in it right now. There are tons (pun intended) of sell orders that keep pushing it back down. I believe this is the sixth attempt to break $1,000. Not worth buying here unless it clearly is going to breakout. Remember even with last year's craziness Gold could not keep above a $1,000. If gold drops down below $900 might be a real good idea to start accumulating it.
I don't follow silver enough to comment on it. But if I were you I'd compare the silver charts against the gold charts for the last few years. If you see a correlation especially when gold has hit 1,000 before, then I wait for confirmation, that resistance has been broken.
I hope you understand the tax implications of actually holding gold/silver vs the ETF.
windfall (by in [IN]) Posted on: Sep 8, 2009 5:46 PM
You can buy cets, and they will be held for you or you can hold the metal yourself.
You cam also buy SLV, and GLD but you will find mining stock also do quite well.
30% is a nice hold been there for a few years.
Don't fall in love I've seen it go down a few years ago....
I like ADR's, don't have a lot of trust in Obama or the dollar --68.58.xxx.xx
windfall (by Fred [KY]) Posted on: Sep 8, 2009 6:05 PM
If silver dips $1 an ounce this week I think that I'll pull the trigger on this silver$$$ mine. Wish me luck as I know that it's just like Vegas. Inherited money ls like "found money". Pretty easy to pi ss it awaw and really lose nothing. FRED......
windfall (by RJ [WI]) Posted on: Sep 8, 2009 7:04 PM
Not trying to be stupid here but why is storage an issue? Just doing rough calculations compaired to lead, 10 ammo cans should easily hold the 400 pounds. Ammo boxes are waterproof, not that it would hurt silver or gold too much. Bury in a not easily found place.
If underground dont appeal to you, consider hiding it in plain sight. Between my shop and garage, I have well over 50 ammo cans storing things like ammo to logging chains to nuts and bolts.
Just think outside of the box, another in plain sight container at my place is 5 gallon buckets. I think I have them everywhere, really. Nobody would ever crawl up into the rafters of my shop or garage and look in all of them to see what is in them all. --72.69.xxx.xx
windfall (by Genie [TN]) Posted on: Sep 8, 2009 7:42 PM
I have bought so much silver this year at 10, 11, and $12 that I think it's too high to buy now :) and gold at 1000. is too high also. --208.252.xxx.xx
windfall (by AllyM [NJ]) Posted on: Sep 8, 2009 8:03 PM
There's too much silver around and it gets manipulated. There were two guys on the radio years ago that talked about buying silver.
My gentleman friend at the time did that in spite of the fact that my intuition told me that the radio guys were swindlers. They were, and he lost ten grand, and me by the way later.
There is just too much of it and it gets discovered all the time and melted down and just not worth it. People will dump huge amounts of silver at just the right time and the price will plummet again just like it did that time. --76.99.xxx.xx
windfall (by Reid [KS]) Posted on: Sep 8, 2009 9:04 PM
If I had 100K I wouldn't buy Metal Commodities. I believe that I agree with Dave Ramsey's position on Buying Gold and silver. Don't buy it unless you want a new watch or Ring. --70.250.xxx.xxx
windfall (by MARTIN [KY]) Posted on: Sep 9, 2009 2:13 PM
Ihave a different idea.
Why not put 10k in silver and 10k in gold and then diversify the rest of the 100k into other investments; bondfunds, some individual stocks (diversified sectors) and even keep say 5-6k for yourself to spend on whatever you want. --74.215.xx.xxx