What to buy with $5,500 making .1% interest?

Yukoncornelius1

I already have 6,500 ounces of silver with 1/3 in 90% (mostly walkers and merc's) and 2/3 in .999 which is mostly Eagles and Maples along with JM and Engelhard 1 oz. bars.

I do have roughly 10 ounces of gold and about an ounce of platinum.

I have been checking the price of slabbed MS-63 and 64 $10 libs and Indians and am tempted to put some money there, any thoughts???

rawteam1

take cash out of bank...
in your hand do some horse tradin, if u cant make $55 in a year....
also good to have easy access in your hands, u never know when someone needs dough & will unload just about anything...

fc

ira fully funded for the year?

perkdog

Thats a nice store of PM's

derryb

pay off any non real estate debt first.

I'd go with bullion. American eagles. Can't have enough silver at these prices.

edited to add: avoid CDs that commit your money for more than 48 hrs.

cohodk

A CD.

aj2525r

I chose not to get another CD at 0.5% for one year.

I'm in a Med Term Tax free Bond fund making 1.8% and note having to pay Fed Taxes on the return.

Nothing to get excited about but beats CDs.

jmski52

To me, some kind of liquid cash or cash-equivalent would seem to provide some balance.

OPA

ING is paying .80%...it's 8 x greater than your .1%

Yukoncornelius1

<< <i>ING is paying .80%...it's 8 x greater than your .1% >>

Yukoncornelius1

<< <i>ira fully funded for the year? >>



Yep I put $6,000 in for 2011, I suppose I could contribute for 2012 now but am thinking of parking it someplace in the meantime and try make 10-20% before I would contribute for next year. Of course the way the market is going down I suppose I could time a contribution if it gets low enough.

Yukoncornelius1

<< <i>Thats a nice store of PM's >>



And you have a very nice sig line.

Yukoncornelius1

<< <i>A CD. >>



I remember putting $2,500 into a cd in the early 80's and getting 15% interest now you are lucky to get much over 1%.

1jester

Maybe a couple ounces of gold for balance. But more silver would certainly not be a bad idea; you know that!

DrBuster

Greek bonds.

tydye

Looks like you have plenty of metal. I would buy a stock or two. I like Pandora at $10

TheBigB

If you are keeping all that silver at home, maybe get a Fila Brasileiro and a Ruger SR1911.

cohodk

<< <i>

<< <i>A CD. >>



I remember putting $2,500 into a cd in the early 80's and getting 15% interest now you are lucky to get much over 1%. >>




And I remember paying $600 for a VCR in 1982.

MrOrganic

wait for next gold drop... & buy

OGH, U.S. gold $5 indians, commen dates, strong for the grade.

next gold shoot up sell!

rinse & repeat!

OnlyGoldIsMoney

Nice stack of silver.

IMO you are too light on gold. However, unless you have other cash stashed I suggest keeping at least $5,000 for emergencies.

If you choose to put that money into PMs I suggest more gold. US $5 commemoratives can be had for very modest premiums.

Vintageismygame

I would buy stock in Collectors Universe (CLCT) as it is yielding approx 9.75% dividend. It is yielding me approx 47% on my shares just on the dividend.

Matt

tneig

<< <i> I have been checking the price of slabbed MS-63 and 64 $10 libs and Indians and am tempted to put some money there, any thoughts??? >>



Would you get an 'increased premium profit' at a future sell time for these? Could you lose on the extra premium?
Would these 'sell better' at all later times because of the grading level?
Is this grade level the correct level?
Does the spot price later have any negative or positive influence on the extra premium?
Are other alternatives a better choice at this time?
Would you buy these for your own collecting pleasure and enjoyment?
When is the best time to purchase these (bear, bull, flat times)?
Are you experienced enough to spend the entire allotement on these?
Which are the best choices, Indians, Libs, or other?

KUCH

Do u need the income?
Nothing out there is keeping up with inflation.
buy a real asset, land
OR, hold cash and/or buy more gold.

Soon, we'll be where Greece was several years ago....... Banks will prevent a run (we won't be able to get money out), all transactions by credit card, and more taxes coming.

How's that cliff looking?

CASH or GOLD.

OPA

<< <i>Do u need the income?
Nothing out there is keeping up with inflation.
buy a real asset, land
OR, hold cash and/or buy more gold.

Soon, we'll be where Greece was several years ago....... Banks will prevent a run (we won't be able to get money out), all transactions by credit card, and more taxes coming.

How's that cliff looking?

CASH or GOLD. >>



Forget to take your anti paranoia pills this morning? Never gonna happen...To many Casinos, and they prefer cash

7over8

<< <i>I would buy stock in Collectors Universe (CLCT) as it is yielding approx 9.75% dividend >>



Never depend on dividends. They may stay intact, they may be cut. You just never know.

I was playing the dividend game with GM in the early 90's. Great Yield. After all, no one would mess with those little old ladies and grandpa holding his GM stock and driving the big caddies???? Right????

Wrong. Dividend cut dramatically shortly thereafter.

7over8

If you believe Gold and Silver are "money" and a store of value - exchanging "paper" for those two physical assets is just exchanging one form of money for another.

The price of the physical asset doesnt matter. Buy a little each month - dollar cost average. Over time it will hold it's value, as opposed to the paper money which will continue to lose value.

TwoSides2aCoin

A hot dog stand and a permit.

jmski52

<< I have been checking the price of slabbed MS-63 and 64 $10 libs and Indians and am tempted to put some money there, any thoughts??? >>

Would you get an 'increased premium profit' at a future sell time for these? Could you lose on the extra premium?
Would these 'sell better' at all later times because of the grading level?
Is this grade level the correct level?
Does the spot price later have any negative or positive influence on the extra premium?
Are other alternatives a better choice at this time?
Would you buy these for your own collecting pleasure and enjoyment?
When is the best time to purchase these (bear, bull, flat times)?
Are you experienced enough to spend the entire allotement on these?
Which are the best choices, Indians, Libs, or other?

Don't know. Maybe.
No.
Maybe.
Yes.
Maybe.
Maybe, but probably not.
Depends.
Have you ever been experienced? Well, I have............. Good Hendricks song.
Probably other.

Premiums will vary with the market. Right now, I would guess that premiums have been holding or increasing as gold's price has dropped. That being the case, you would have to know what entry price you are willing to pay in order to take a position.

The reason I prefer AGEs over old 90% gold is that most MS-63 & MS-64 Liberties and Indians are not really generic bullion. They all have their own idiosyncracies. That requires more research every time you buy or sell. Ergo, they are not as generic even though they are mostly common.

When something requires more and more research in order to be a competitive buyer or seller, you become a specialist and no longer a basic bullion investor. Your choice - either is good but becoming a specialist requires more time and effort. We have a few consumate specialists on Gold Liberties and Gold Indians right here in this forum (not me).

Twinturbo

Become a bank, loan money try prosper
Way better than .1% interest.