500oz Silver To Buy A House

Dirk_Rambo

Really2 wrote: »

Welcome to the forum, watch out for desperate people creating new user ID's to ramp their investments.

I am sure you can spot them, usually their first post will be asking how they can invest in the ramped product to the OP.

Usually the OP has heavily invested and has got their exit strategy wrong and are despratly trying to offload some stuff on to suckers who also do not realise the implications of investing in metals that have a VAT charge on them.

Hope that helps and enjoy the forum.

thanks for the warning. are there any particular individual(s) or topics of discussion that I should keep my eyes peeled for as I'm new here and don't want to get caught out.

incidentally how much of one's savings should one invest in precious metals. I'm thinking maybe 90% to maximize profit. or should it be even higher to fully take advantage of this once-in-a-lifetime opportunity?

RDB

Dirk_Rambo wrote: »

thanks for the warning. are there any particular individual(s) or topics of discussion that I should keep my eyes peeled for as I'm new here and don't want to get caught out.

incidentally how much of one's savings should one invest in precious metals. I'm thinking maybe 90% to maximize profit. or should it be even higher to fully take advantage of this once-in-a-lifetime opportunity?

Never put 90% of your money into one thing. You are far safer with a diversified portfolio.

I like the 3 box system.

Your 1st box is something safe that you can get at very quickly.

2nd box something with a little bit longer term potential, it will take a little while to sell but very good return.

3rd box can be something more risky but with possible very high returns.


I have done this. My 1st box is a Perth Mint allocated Silver certificate. So I have 1000 oz of silver sitting in a vault in the Perth Mint. It takes about 1 week to fix the price and have the cash in my bank account.

My 2nd box is Physical bullion which are stored in several safes. I have about a third of a metric tonne in silver and 1.5kg gold. If I had to I could take to a dealer and turn into cash the same day. But you get a far higher price if you advertise and sell yourself. It just takes a bit longer.

For my 3rd box I have got leverage by investing in some small cap junior silver mining stocks. These are risky but if the price of silver does shoot up again like it did in 1980 then these will even more.

So you could say Im 100% invested in Precious metals but then so are a lot of investors a lot smarter than me.

These guys are all 100% invested in PMs.

goldsilver.com

RDB

phil_b wrote: »

I've been hearing the same stuff from gold and silver bugs for years now. It's getting real old.
If either do ever explode in price and loads of regular folk become mega rich overnight I will certainly take my hat off to them and applaud. I don't think I'll ever see that day though.

What you have been hearing for years now has been absolutely true. Gold has exploded in price already (maybe you missed it) and silver will soon.


http://www.youtube.com/watch?v=w0fd-WoFxdM&playnext_from=TL&videos=HjYu1kGG2jk

jamesd

RDB wrote: »

Im not worried about confiscation because no one knows I bought my bullion or where its kept.

RDB wrote: »

My 2nd box is Physical bullion which are stored in several safes. I have about a third of a metric tonne in silver and 1.5kg gold. If I had to I could take to a dealer and turn into cash the same day.

£130,000 of silver and £40,000 of gold? Confiscation isn't the main worry you should have. That's rare. The insecurity and high risk of holding physical gold and silver is. Robbers are not renowned for self-restraint when abusing people and their family members to get them to disclose the locations and codes to get at valuables. Banks can help but even then people have been compelled to go and withdraw money under threat of physical harm to family members, including bank managers and key holders compelled to take money from their own banks.

It's simply not sensible to hold large amounts of precious metals in places under your direct control unless you're sure that you can persuade robbers that you've really handed over absolutely everything at the first sign of a physical threat. And nobody can be sure of doing that.

The allocated gold is a lot safer than holding large amounts of valuables under your direct control.

Not that much about this topic is safe, since it's all pushing unsafe speculation in precious metals when they are in the middle of a large bubble and minimising the very high risks of doing it.

Really2

RDB wrote: »

1)My 1st box is a Perth Mint allocated Silver certificate. So I have 1000 oz of silver sitting in a vault in the Perth Mint. It takes about 1 week to fix the price and have the cash in my bank account.

2)My 2nd box is Physical bullion which are stored in several safes. I have about a third of a metric tonne in silver and 1.5kg gold. If I had to I could take to a dealer and turn into cash the same day. But you get a far higher price if you advertise and sell yourself. It just takes a bit longer.

3)For my 3rd box I have got leverage by investing in some small cap junior silver mining stocks. These are risky but if the price of silver does shoot up again like it did in 1980 then these will even more.

1) what price do you get on your perth mint? is it going rate + VAT?
2) mm with that amount your ebay exit stratergey would lose you your shirt so shall we take it to dump quick I was right and going rate -2% EX VAT is it's real value.
3) so everything you do is hinged on silver? what do you do if silver halves in value tonight?

RDB

Really2 wrote: »

1) what price do you get on your perth mint? is it going rate + VAT?
2) mm with that amount your ebay exit stratergey would lose you your shirt so shall we take it to dump quick I was right and going rate -2% EX VAT is it's real value.
3) so everything you do is hinged on silver? what do you do if silver halves in value tonight?

1. I bought in at less than half what the price is now, and that wasnt that long ago.

2. I didnt really understand this, could you translate it into English? But I`ll have a go. I never sell through ebay, just get ideas on the prices of the private market. There are loads of places to advertise for free. Im in London so gumtree is very good. As you know really2 there is no VAT in the private market.

3. If silver goes down any significant amount I will view it as a gift from God and buy even more. I doubt very much if it will half to the price I first started buying. Why?
Because of its rarity and the supply/demand fundamentals. I firmly believe silver is way undervalued.

RDB

jamesd wrote: »

£130,000 of silver and £40,000 of gold? Confiscation isn't the main worry you should have. That's rare. The insecurity and high risk of holding physical gold and silver is. Robbers are not renowned for self-restraint when abusing people and their family members to get them to disclose the locations and codes to get at valuables. Banks can help but even then people have been compelled to go and withdraw money under threat of physical harm to family members, including bank managers and key holders compelled to take money from their own banks.

It's simply not sensible to hold large amounts of precious metals in places under your direct control unless you're sure that you can persuade robbers that you've really handed over absolutely everything at the first sign of a physical threat. And nobody can be sure of doing that.

The allocated gold is a lot safer than holding large amounts of valuables under your direct control.

Not that much about this topic is safe, since it's all pushing unsafe speculation in precious metals when they are in the middle of a large bubble and minimising the very high risks of doing it.

Im not going to reveal any details but I can confidently say its very secure.

I hope really2 is right and I can buy more silver bullion in the dips, but I dont think the dips will be very low from now on.

Anyway Im a bit fed up with the childishness on this forum and this will be my last post for quite a while.

I may post again in the future if and when house prices are down a long way and silver has revalued itself to its true value.

To all those who private message me thanks for the encouraging thoughts.

To answer the majority of the questions I get this will be my last paragraph.

I dont have one place to recommend buying silver bullion do your own research and find a reliable source yourself. To answer all the VAT questions the final word is the price to buy silver new with VAT IS the price you can sell for in the private market with no VAT involved.
Finally its not to late at all. Gold has well passed its last high in 1980 of $850, Silver is no where near its $52. I recommend you try and get 500 oz of physical silver bullion and yes I do think you will be able to buy a medium average house for this in the future. Make your own mind up, research yourself and dont let all the childish comments put you off finding out the truth for yourself.

So long.

Loopgames

jamesd wrote: »

£130,000 of silver and £40,000 of gold? Confiscation isn't the main worry you should have. That's rare. The insecurity and high risk of holding physical gold and silver is. Robbers are not renowned for self-restraint when abusing people and their family members to get them to disclose the locations and codes to get at valuables. Banks can help but even then people have been compelled to go and withdraw money under threat of physical harm to family members, including bank managers and key holders compelled to take money from their own banks.

.

No more greater than the risk of cash in the bank from a robber's perspective.

I don't see the difference.

jamesd

Money in the bank is more likely to be tracked and identified as taken due to the crime, with an easy exact valuation. Not so easy for valuables in a safe deposit box in the bank safe. Money maybe subject to limits on how much can be taken out each day that can limit the harm if those applying the duress are aware of them. Money also has identifying numbers that make it easier to track than stolen gold and silver.

Still, aside from the high investment risk, the biggest threat is if it's kept in the home or office where applying physical violence to get at it is easier.

I don't know about you but my experience includes knowing jewelers who've been robbed and it's an unpleasant experience even for the ones who were insured and who didn't suffer great violence.

Loopgames

jamesd wrote: »

Money in the bank is more likely to be tracked and identified as taken due to the crime, with an easy exact valuation. Not so easy for valuables in a safe deposit box in the bank safe. Money maybe subject to limits on how much can be taken out each day that can limit the harm if those applying the duress are aware of them. Money also has identifying numbers that make it easier to track than stolen gold and silver.

Still, aside from the high investment risk, the biggest threat is if it's kept in the home or office where applying physical violence to get at it is easier.

I don't know about you but my experience includes knowing jewelers who've been robbed and it's an unpleasant experience even for the ones who were insured and who didn't suffer great violence.

I've also witnessed a raid by two blokes against a security guard transporting a case of cash from the bank in the ilford area. So yes - it is unpleasant to say the least. But cash is not necessarily traceable if like you say someone can force you into handing it over. In anycase it does happen a lot (online scams). It just seems like the same risk.

No one knows about who owns gold or where it is kept. But most people definitely have cash in the bank at least if not on them.