$1,500,000 in Gold and Silver

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hchcoin
hchcoin Posts: 4,843 ✭✭✭✭✭
in Precious Metals
When collecting becomes an obsession

I don't think the link works because it has am*****ed in the link image

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  • hchcoin
    hchcoin Posts: 4,843 ✭✭✭✭✭
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    Who is smart enough to figure out how to get around this?
  • hchcoin
    hchcoin Posts: 4,843 ✭✭✭✭✭
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    Here is a link to the main page without the bad word
  • Weiss
    Weiss Posts: 9,942 ✭✭✭✭✭
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    Cut and paste this: helping a client who gold



    into google
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • JohnnyCache
    JohnnyCache Posts: 1,920 ✭✭✭✭✭
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    Is there a way to read the article without having to subscribe?
  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    So the gist of it is that he accumulated $1.5 million over 8 years and the recommendation is to get more secure storage and to diversify.

    I agree with the more secure storage.

    I agree with his dollar-cost-averaging approach.

    I don't agree that he should diversify. He's doing just fine.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • Baley
    Baley Posts: 22,663 ✭✭✭✭✭
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    How did he get the $1.5 million in the first place, with which to purchase the metal?

    Liberty: Parent of Science & Industry

  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    This person obviously had either significant wealth to begin with, or a major income stream

    to play with.... $10-$30K a month is major... Cheers, RickO
  • CaptHenway
    CaptHenway Posts: 34,175 ✭✭✭✭✭
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    Has anybody that has a subscription to the WSJ read it yet?
    Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
  • BAJJERFAN
    BAJJERFAN Posts: 31,665 ✭✭✭✭✭
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    Originally posted by: Baley

    How did he get the $1.5 million in the first place, with which to purchase the metal?




    I'll as$umed he earned it in a legit manner. Hard to believe he'd allow this publicity if his funds were tainted. I'm sure the Government is probly curious too. One reason why there are the bullion reporting requirements. Twould be a job liquidating that much PM. One reason to buy AGEs or ASEs. Just sell em to a AP and no questions asked. I read a few months ago about a high roller who bought a bunch of AGEs and when the investment flopped he sold a few MB to Dillon Gage, an AP in Tejas.
    theknowitalltroll;

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