had a friend once a while back tell me that i should invest money in precious metals such as silver and gold.
so how many of you do it and why? and also where do you buy your metals and what do you buy? coins, bars etc?
Other than what I have found detecting, I don't invest in precious metals, I only invest in dividend paying US stocks from high-quality companies.
Didn't do too badly this year, my investments finished the year with a total return of 15.3%
15% return FTY? Nice. That's hard to do with interest rates as non-existent as they are. Good Goin'.
Thanks. Yes it wasn't too shabby for the year. It is however a bit of work to manage the portfolio and keep abreast of what is happening to each company.
I don't look at, or manage my 401k that much. I just checked and my return this year has averaged 29.42%. I may be nuts but I'm vested 100% in my company's stock and have been since 2006. My annual return since then has been just under 10%.
Still, my 401k, like my bank savings account, is nothing but digitized numbers in a database. It could all disappear at any time. Unlike PM's. 'If you don't hold it, you don't own it.'
Yeah...I like coins...Since I started detecting and joined the local Numismatic Club, I have found myself thinking of everyday purchases in terms of the price of Silver...? Thats sort of odd I guess?
IE: one Burger King Value mean equals a BF Half! A Snickers bar or a can of soda is a Merc dime! I would NEVER spend a BF half or a Merc dime on that!
When a guy hits a totter and pulls a fast 3.50 clad kicking through the chips, Hey! That there was a damned old SLQ!
I still smoke, and lately thats a habit I'm trying to deal with...pissing away a Walker Half everyday on a pack of ready rolls makes a guy feel guilty...We all know how hard it is to find one of those! DAMN! I'd have 365 Walker halfs/yr if I could give this up! Now THATS a stack!
Mud
"I have found myself thinking of everyday purchases in terms of the price of silver...? That's sort of odd I guess?"Yeah...I like coins...Since I started detecting and joined the local Numismatic Club, I have found myself thinking of everyday purchases in terms of the price of Silver...? Thats sort of odd I guess?
IE: one Burger King Value mean equals a BF Half! A Snickers bar or a can of soda is a Merc dime! I would NEVER spend a BF half or a Merc dime on that!
When a guy hits a totter and pulls a fast 3.50 clad kicking through the chips, Hey! That there was a damned old SLQ!
I still smoke, and lately thats a habit I'm trying to deal with...pissing away a Walker Half everyday on a pack of ready rolls makes a guy feel guilty...We all know how hard it is to find one of those! DAMN! I'd have 365 Walker halfs/yr if I could give this up! Now THATS a stack!
Mud
15% return FTY? Nice. That's hard to do with interest rates as non-existent as they are. Good Goin'.
Yeah I made a lot of money back in the day with my 401k. But a friend of mine was a genious at telling you where to move your money. You can lose a lot of money if you aren't careful. I lost 8 grand once.