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$7500? GOLD or ?????

BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭
in Precious Metals
If you had $7500 to play with would you buy 5 ounces of gold or Berkshire Hathaway B?
theknowitalltroll;

Comments

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    No, I would not.

    Liberty: Parent of Science & Industry

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    No...Cheers, RickO
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭


    << <i>No, I would not. >>



    So your answer is neither one?
    theknowitalltroll;
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Correct (for me)... Cheers, RickO
  • GRANDAMGRANDAM Posts: 8,518 ✭✭✭✭✭
    Buy $7500 worth of silver image

    GrandAm image
    GrandAm :)
  • johnny9434johnny9434 Posts: 28,335 ✭✭✭✭✭
    silver as well for me. a buddy of mine was going to get berkshire hathaway back in the 60s when it first came out. he decided to get married instead. lesson learned to this day
  • jmski52jmski52 Posts: 22,863 ✭✭✭✭✭
    There is a case to be made for having some reserve cash.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭


    << <i>There is a case to be made for having some reserve cash. >>



    That too!
    theknowitalltroll;
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭


    << <i>Buy $7500 worth of silver image

    GrandAm image >>



    Maples or Eagles?
    theknowitalltroll;
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    For $7500 I'd buy gold mining shares (either GDX, NUGT, GDXJ). Imo those have much more potential than BH stock or gold bullion.
    It's hard to pass on the 60% off sale in GDX, 70% on GDXJ, or 95% off on NUGT. I'm sure derryb doesn't mind the 77% off sale going on with USLV either.

    Has BH or the Dow pulled back 60-70% yet?
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,294 ✭✭✭✭✭
    Buy low. then buy lower, and if you're lucky, you'll buy it at it's lowest.
  • GRANDAMGRANDAM Posts: 8,518 ✭✭✭✭✭


    << <i>

    << <i>Buy $7500 worth of silver image

    GrandAm image >>



    Maples or Eagles? >>



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

    I would buy whichever one you can get the best deal on. Both are good.

    GrandAm image
    GrandAm :)
  • derrybderryb Posts: 36,825 ✭✭✭✭✭
    silver eagles

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • bronco2078bronco2078 Posts: 10,227 ✭✭✭✭✭


    I was going to say If you are going to buy silver buy 90% but I was looking a provident and found the following.


    $420 face in 90% which is 300 ounces roughly

    307 2013 maples or 301 2013 silver eagles .


    OPM 10 ounce bars at $230 each give you 20 extra ounces that's the cheapest silver on provident it looks like other than war nickles

    There seems to be an equal premium for 90% as there is for ASE's at the moment . Its either a good time to buy ASE's or a bad time to buy 90% image
  • morgansforevermorgansforever Posts: 8,461 ✭✭✭✭✭
    RR, what service would you suggest to purchase gold mining stocks? E-Trade, ScottTrade?
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    [

    << <i>RR, what service would you suggest to purchase gold mining stocks? E-Trade, ScottTrade? >>



    Those are certainly cheap, internet-based firms. But, if the paper trading "balloon" goes up and some brokerages/trading banks explode because there are more paper claims that there are real assets, I'd want my account with the sturdiest companies out there that have the least exposure to derivatives and other such counterparty risks. MF Global was one of the firms you didn't want to be with. Recommendations should probably come from trusted market insiders.

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • derrybderryb Posts: 36,825 ✭✭✭✭✭


    << <i>RR, what service would you suggest to purchase gold mining stocks? E-Trade, ScottTrade? >>


    derry is very satisfied with Scottrade (six accounts)
    I am able to transfer cash balances to bank accounts or fund the brokerage account from a bank account with the push of a button

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • morgansforevermorgansforever Posts: 8,461 ✭✭✭✭✭
    <<Recommendations should probably come from trusted market insiders.>>

    You certainly come across as one who knows the ropes of the market. Maybe I'll just stick to physical.
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>

    << <i>RR, what service would you suggest to purchase gold mining stocks? E-Trade, ScottTrade? >>


    derry is very satisfied with Scottrade (six accounts) I am able to transfer cash balances to bank accounts or fund the brokerage account from a bank account with the push of a button >>



    No doubt it's convenient. Unallocated gold accounts and bit coins are convenient too. I just have some fears that some of these low priced interent brokers will be some of the ones
    to go "poof" when the markets seize up or are placed on "holiday" at some point down the road. Yes, the physical is a lot safer in those types of situations. Very few players out there
    know the totality of all the interconnected counter-party risks.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭
    Gold.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,825 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>RR, what service would you suggest to purchase gold mining stocks? E-Trade, ScottTrade? >>


    derry is very satisfied with Scottrade (six accounts) I am able to transfer cash balances to bank accounts or fund the brokerage account from a bank account with the push of a button >>



    No doubt it's convenient. Unallocated gold accounts and bit coins are convenient too. I just have some fears that some of these low priced interent brokers will be some of the ones
    to go "poof" when the markets seize up or are placed on "holiday" at some point down the road. Yes, the physical is a lot safer in those types of situations. Very few players out there
    know the totality of all the interconnected counter-party risks. >>


    When the markets seize up all paper goes "poof," including checkbooks, debit cards and fiat.

    Fear of the poof is no reason to completely avoid paper. If it were we would not hold bank accounts or have mortgages.

    It's all at risk. This risk can be minimized by staying abreast of economic and political developments.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

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