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a know a collector that has 350 oz of silver and 2 oz of gold

coinsscollectcoinsscollect Posts: 103
in Precious Metals
anyone here think that is right much...

Comments

  • tincuptincup Posts: 5,188 ✭✭✭✭✭
    Don't know if that is right much......

    ............... but I do know it is better than having no silver and no gold.........
    ----- kj
  • AgBloxAgBlox Posts: 744 ✭✭
    That's a decent amount for me. However Some of the guys here probably have dropped more than that in their couch cushions. image
  • cinman14cinman14 Posts: 2,489 ✭
    image
  • meluaufeetmeluaufeet Posts: 764 ✭✭✭
    Not sufficient info to form an 'outside' opinion...

    I do think the investor will know whats right for them once its in their safe place.

    But...

    If an investor asks such a question... its probably not enough, and they would buy more on the right opportunity.

    If an investor doesn't want to talk about how much they have... its probably more than enough.

    Another way to look at it...

    If you like the price action over the past say 6 months... you probably have what you NEED.

    If you're not happy... you know why.

    You seem to have a good head on your shoulders... peace.

  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    you have to work on your grammar image

    Yes thats a very good amount. You have more than 99% of the US population. Forget what others think, you will have guys that will say that it is not a lot but just be proud of yourself and for what you can save up and buy.
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  • Norseman88Norseman88 Posts: 962
    Nothing wrong with that amount of PM's, it's more than 99% of Americans currently have.
  • cinman14cinman14 Posts: 2,489 ✭
    I forgot to add my image beside my rolly eyes... image

    That is a nice hoard of silver.. I think I would move on to some smaller fractional gold like the 1/10 AGE...

  • dino2008dino2008 Posts: 341 ✭✭
    imageimage
  • RedHerringRedHerring Posts: 2,077 ✭

    In round numbers: this person has roughly $6K in silver and $2 in gold. If they are comfortable with that, then great.

    If it were me [& it's not], I'd get a couple more ozs of gold, even if it meant selling 1/3 of my silver. A good play? Maybe in the short run.

    In the long run that 350 ozs of silver should generate a nice return. $25 silver is not too far into the future.

    In the short run, gold is headed for $1300-$1400 by next fall. If you can still get in at $1100, you will generate a nice short term return.
  • 1jester1jester Posts: 8,637 ✭✭✭


    << <i>you have to work on your grammar image >>



    I've asked him before if he was from outside the USA (not like it's not completely obvious), but he ignored me. His style of English makes me think it's not his native tongue, and that's why it's so confusing and hard to understand.

    175:1 ratio of silver to gold is not unusual; I've said before mine is 500:1, and there is a thread on this topic already.


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    .....GOD
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    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

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  • KonaheadKonahead Posts: 1,476 ✭✭✭


    << <i>That's a decent amount for me. However Some of the guys here probably have dropped more than that in their couch cushions. image >>




    What are you doing crawling around by living room?
    PEACE! This is the first day of the rest of your life.

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  • RedTigerRedTiger Posts: 5,608 ✭


    << <i>That's a decent amount for me. However Some of the guys here probably have dropped more than that in their couch cushions. image >>



    So true, I have some friends who for the most part live a middle class life, but spent $10,000 on a new couch. (More than the current total value of the bullion mentioned in the original post.) As often is the case, the husband thought it to be insane, and the wife got her way. When the couch was delivered, it wasn't all that. To me it looks nice, but not much nicer than a typical mass produced couch that might be 90% less money. I would guess there are exactly zero single men on the PM forum who have a new $10,000 couch in their living room. Everyone has different priorities.

    So who am I to say if that amount is a bit much, or too little, or just right. Investing is part psychology, part religion, along with the actual money part. Each person worships at a different altar (or none at all), and each person has a different investment personality (or none at all). Even if all the relevant information were given (income, age, net worth, career prospects, dependants, liabilities), there isn't a "one size fits most," kind of answer.



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  • PerryHallPerryHall Posts: 46,238 ✭✭✭✭✭
    Less than $10,000 worth of precious metals isn't all that much but it's a good start.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
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  • RedHerringRedHerring Posts: 2,077 ✭




    << <i>I would guess there are exactly zero single men on the PM forum who have a new $10,000 couch in their living room. >>



    -----------------------------------------------------------

    You guessed right here. My sectional cost $900 and works quite well thank you.

    image
  • jmski52jmski52 Posts: 22,902 ✭✭✭✭✭
    Less than $10,000 worth of precious metals isn't all that much but it's a good start.

    I suspect that it will be valued at >$20,000 before we know it.
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    I knew it would happen.
  • dino2008dino2008 Posts: 341 ✭✭
    I like the way you think jmski!!image
  • keepdachangekeepdachange Posts: 1,374
    is it right much, well it sure as heck isn't wrong much image
    "If you hit a midget on the head with a stick, he turns into 40 gold coins." - Patty Oswalt
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,367 ✭✭✭✭✭
    That collector has made an excellent start. My suggestion, assuming the collector's circumstances will allow, would be to add more gold and stand pat with silver.
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  • fishcookerfishcooker Posts: 3,446 ✭✭

    It's right if it's enough to make a difference.
  • coynclectercoynclecter Posts: 2,111
    Thats enough to put up bail if your a felon who wouldn't buy health insurance.
  • KUCHKUCH Posts: 1,186


    << <i>Thats enough to put up bail if your a felon who wouldn't buy health insurance. >>



    We'll start another PM forum called Prison Mate Forum. See u there cause, I'm NOT going to buy gov run health care or pay a penalty. I make my own decisions concerning my health.
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