1. Same story, different day...........year ie more of the same fiat floods the world
    Dismiss Notice
  2. There are no markets
    Dismiss Notice
  3. Week of 6/24/2017 Closing prices & Chg Over Last Wk---- Gold $1256.40 Silver $16.64 Oil $43.01 USD $96.94
  4. "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"
    Dismiss Notice

Just added $1000/mo. To my bottom line

Discussion in 'Real Estate & Other Investments' started by 97guns, Oct 10, 2017.



  1. 97guns

    97guns Gold Member Gold Chaser

    Joined:
    Jul 29, 2010
    Messages:
    1,366
    Likes Received:
    1,079
    Trophy Points:
    113
    Gender:
    Female
    Occupation:
    RETIRED
    Location:
    USA
    someone might want to shoot me in the head but in the past month I've dumped off $72k in silver and threw it all to high yielding dividend ETF's and REITs, I put a portfolio of 8 issues together at 9k a piece with an average yield of 16.8%.

    Don't know if the market will tank or if my stock picking skills will let me down but I got tired of the stagnant investment of silver, still keeping every oz of gold, just looking to have my money make me some money.
     
  2. mayhem

    mayhem Rebel Fire Silver Miner Site Supporter

    Joined:
    Mar 30, 2010
    Messages:
    3,344
    Likes Received:
    4,381
    Trophy Points:
    113
    Occupation:
    Retired
    Location:
    South Florida Swamp
    Smart move. I moved about 42k worth 6 months ago and did something similar but not quite the return you are seeing. Of course I left some behind just in case, but not much. Kept 1 $500 face quarters just for small stuff. Kept all the gold though.
     
    Cigarlover likes this.
  3. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

    Joined:
    Jan 7, 2011
    Messages:
    10,963
    Likes Received:
    8,507
    Trophy Points:
    113
    Location:
    Florida
    No doubt we hit the bottom of the silver market now.
     
  4. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

    Joined:
    May 31, 2015
    Messages:
    14,799
    Likes Received:
    14,562
    Trophy Points:
    113
    Occupation:
    Oxygen Breather
    Location:
    Somewhere out there!
    Today's environment is like musical chairs....as long as the music keeps playing you can prance about. Once the music stops you had better have a plan to grab a seat!
     
    Weatherman likes this.
  5. michael59

    michael59 heads up-butts down Platinum Bling

    Joined:
    Apr 1, 2014
    Messages:
    6,295
    Likes Received:
    2,804
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    20 years logging
    Location:
    on the low side of corporate Oregon
    So, yesterday I was setting up my coin purchase and the guy told me, asked really, anywhoo he told me I should consider platinum as it was out performing gold. Naw, I said: I am paying off some bills.

    thing is what the guy said "Platinum is out performing gold." I so wish I had more to give, but it is what it is.
     
    Cigarlover likes this.
  6. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

    Joined:
    May 31, 2015
    Messages:
    14,799
    Likes Received:
    14,562
    Trophy Points:
    113
    Occupation:
    Oxygen Breather
    Location:
    Somewhere out there!
    Gold and silver are the time tested PMs. Platinum may be in the mix but it's not for me! I'm not a gambler, I'm a 'parker'. I park my excess wealth in metals figuring most everyone else will lose theirs when the market crashes. My PMs are my last line of defense. They are my recovery plan and intended to be the SHTF plan Stan! They must retain their value at MINIMUM!. I'm not sure platinum will retain value in a SHTF scenario. Of course that's just me! Other folks think differently!
     
    michael59 and Cigarlover like this.
  7. Usury

    Usury Gold Chaser Platinum Bling

    Joined:
    Apr 1, 2010
    Messages:
    3,855
    Likes Received:
    2,915
    Trophy Points:
    113
    97 I'm curious...where does one find a buyer at a decent price for that big of a deal? And how to get it there safely and not lose sleep at night?
     
    JayDubya likes this.
  8. michael59

    michael59 heads up-butts down Platinum Bling

    Joined:
    Apr 1, 2014
    Messages:
    6,295
    Likes Received:
    2,804
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    20 years logging
    Location:
    on the low side of corporate Oregon
    every time I do the chance thing I .....oh shit not going there. I do give my affirmative (k, dogs killing me here with scratching flea disruptions of pleasures outs side) F'n dogs...my time clock ticks on.
     
  9. 97guns

    97guns Gold Member Gold Chaser

    Joined:
    Jul 29, 2010
    Messages:
    1,366
    Likes Received:
    1,079
    Trophy Points:
    113
    Gender:
    Female
    Occupation:
    RETIRED
    Location:
    USA

    I dumped 39k at a coin shop in Reno, I go there often and this shop usually has the best pricing. I sold the rest off to provident in 10-12k increments, around 700 oz at a time in a medium flat rate priority box, UNINSURED!
     
  10. hammerhead

    hammerhead Not just a screen name Gold Chaser

    Joined:
    Feb 22, 2012
    Messages:
    2,829
    Likes Received:
    2,159
    Trophy Points:
    113
    Location:
    On a speck of dust
    That took some weight off. At today's spot price of 17 an ounce that would be 4235 ozs. How much of an initial investment was for the $72,000.00 would be the real question.

    Nothing ventured, nothing gained.
     
  11. michael59

    michael59 heads up-butts down Platinum Bling

    Joined:
    Apr 1, 2014
    Messages:
    6,295
    Likes Received:
    2,804
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    20 years logging
    Location:
    on the low side of corporate Oregon
    K, I got a problem. I tried to purchase coin/gold-whatever with a debit/credit and was told NO. Check or Cash!

    seems them cards are taxed on both sides by the BANK with kick backs to boot. drives the price up exponentially. There are other dealers who only accepted cash and no check.

    Not saying it can not be done, just not by me.
     
  12. JayDubya

    JayDubya Platinum Bling Platinum Bling

    Joined:
    Apr 5, 2010
    Messages:
    4,066
    Likes Received:
    4,033
    Trophy Points:
    113
    I had to sell off just under 31K in silver to help out the wife's niece and new husband. probably still have about 4 to 4.5 K in paper leftover. hate to see it go, but for those two kids, I'd probably do it all again.

    this first round wasnt so successful, guess we'll see how (and when) round two comes. whether it was a set of unfortunate extenuating circumstances or just a set of dumb luck inconvenient situations, remains to be seen.

    If they want to try again I'll be here to help 'em out again. Maybe not to the same tune, but I'll be there to some degree. I think it's important for them to have a strong consistent base and something/someone they can rely on. I'll be glad to try and help, however, there will be expectations of some kind laid out.

    Would rather have that money in something with investment potential. Hopefully those kids can use it to secure something for themselves. Be better yet if they could make something out of it and I can ask for it back with a modest gain attached to it, but I'll take just knowing that it was used wisely for a good purpose that helped set them up something better.


    I can tell Im rambling a bit. Guess they Ambien is kicking in. Time to shut down for the night and take it to bed.
     
    lumpOgold likes this.
  13. michael59

    michael59 heads up-butts down Platinum Bling

    Joined:
    Apr 1, 2014
    Messages:
    6,295
    Likes Received:
    2,804
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    20 years logging
    Location:
    on the low side of corporate Oregon
    shit, wiffkey and beer here....dam woman left with out fix'n food so I am drug free....oh it feels good to be free!
     
  14. goldielox1

    goldielox1 Silver Miner Seeker

    Joined:
    Jun 20, 2013
    Messages:
    653
    Likes Received:
    495
    Trophy Points:
    63
    Provident should be offering Ag generics at a big discount soon with all this inflow :belly laugh:
     
  15. goldielox1

    goldielox1 Silver Miner Seeker

    Joined:
    Jun 20, 2013
    Messages:
    653
    Likes Received:
    495
    Trophy Points:
    63
    Dang if my math serves me that's what 50 pounds? I hope you didn't put "Provident Metals" on the label!

    Did you do it "registered mail" or just "priority mail"?

    I think if I sell by mail I would do via "registered" and uninsured also. I think that is pretty darn safe. And I wouldn't be sure that the insurance even covers metals if it were stolen.
     
  16. Treasure Searcher

    Treasure Searcher Gold Chaser Platinum Bling

    Joined:
    Apr 1, 2010
    Messages:
    3,948
    Likes Received:
    2,080
    Trophy Points:
    113
    Sending the metals Registered Mail is the way to go. The RM package is physically tracked from acceptance to the delivery.
     
  17. 97guns

    97guns Gold Member Gold Chaser

    Joined:
    Jul 29, 2010
    Messages:
    1,366
    Likes Received:
    1,079
    Trophy Points:
    113
    Gender:
    Female
    Occupation:
    RETIRED
    Location:
    USA


    Yep, around 50 pounds. sent regular priority mail with the $50 insurance that comes with it. I secure it really good though, boxes within the box and a crap load of tape.

    Provident instructs you to address it as PM.
     
  18. 97guns

    97guns Gold Member Gold Chaser

    Joined:
    Jul 29, 2010
    Messages:
    1,366
    Likes Received:
    1,079
    Trophy Points:
    113
    Gender:
    Female
    Occupation:
    RETIRED
    Location:
    USA
    I learned that 5 of the small priority boxes will fit perfectly into a medium sized priority box, each small box will hold 7 rolls for 700oz
     
  19. gliddenralston

    gliddenralston Gold Member Gold Chaser

    Joined:
    Apr 1, 2010
    Messages:
    1,155
    Likes Received:
    939
    Trophy Points:
    113
    16.8% return is really pushing the risk factor, with stocks completely over bought, at record highs & ripe for a correction, keep a close eye.
     
    Crockett likes this.
  20. 97guns

    97guns Gold Member Gold Chaser

    Joined:
    Jul 29, 2010
    Messages:
    1,366
    Likes Received:
    1,079
    Trophy Points:
    113
    Gender:
    Female
    Occupation:
    RETIRED
    Location:
    USA

    My shipping habits alone shows the tolerance I have for risk
     
    Usury likes this.
  21. michael59

    michael59 heads up-butts down Platinum Bling

    Joined:
    Apr 1, 2014
    Messages:
    6,295
    Likes Received:
    2,804
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    20 years logging
    Location:
    on the low side of corporate Oregon
    So what does the insurance cost on sending certified? Hey I am going to find out tomorrow anyways...well if I live that long.
     
  22. 97guns

    97guns Gold Member Gold Chaser

    Joined:
    Jul 29, 2010
    Messages:
    1,366
    Likes Received:
    1,079
    Trophy Points:
    113
    Gender:
    Female
    Occupation:
    RETIRED
    Location:
    USA


    I checked a few years ago and all I remember that it was more than I wanted to pay
     
    michael59 likes this.
  23. Mujahideen

    Mujahideen Black Member Midas Member

    Joined:
    Mar 31, 2010
    Messages:
    8,087
    Likes Received:
    11,847
    Trophy Points:
    113
    Gender:
    Male
    My philosophy is that ideally, one buys bullion only with passive income.

    Gold and silver do not earn dividends. Spending your hard earned money on it is not efficient in the big picture.
     
    Someone_else likes this.
  24. 97guns

    97guns Gold Member Gold Chaser

    Joined:
    Jul 29, 2010
    Messages:
    1,366
    Likes Received:
    1,079
    Trophy Points:
    113
    Gender:
    Female
    Occupation:
    RETIRED
    Location:
    USA

    My silver stash was purchased with my passive rental income, which in my eyes is free money, which makes it house money and I'm just pressing my bet
     
  25. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

    Joined:
    Mar 28, 2010
    Messages:
    27,864
    Likes Received:
    31,331
    Trophy Points:
    113
    Occupation:
    Tech
    $72k in silver! Wow! That's a few oz! Where'd you sell it?
     
    Mujahideen likes this.
  26. EO 11110

    EO 11110 He Hate Me Mother Lode

    Joined:
    Jul 31, 2010
    Messages:
    11,826
    Likes Received:
    7,693
    Trophy Points:
    113
    if true, this will end in massive losses. there are few, if any, publicly traded issues that yield as described in op. and if there are any, they are close to bankruptcy - so the next market crash, or even correction, will bk some/all of them
     
  27. 97guns

    97guns Gold Member Gold Chaser

    Joined:
    Jul 29, 2010
    Messages:
    1,366
    Likes Received:
    1,079
    Trophy Points:
    113
    Gender:
    Female
    Occupation:
    RETIRED
    Location:
    USA
    I stop my loss at 72k, I realize that loss if everything goes to zero and I in sound sight and mind acknowledge this
     
  28. michael59

    michael59 heads up-butts down Platinum Bling

    Joined:
    Apr 1, 2014
    Messages:
    6,295
    Likes Received:
    2,804
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    20 years logging
    Location:
    on the low side of corporate Oregon
    Oh OK, I'll cross that bridge when I get to it and if it is a bad bridge I will burn that mo-fo down. luck with your endeavor though.

    To me this metal has always been just metal, same as when I dug it out of the ground. But some people just beam when they see it..... you don't think there is something wrong with me do ya? Naw....
     
  29. Joe King

    Joe King Gold Member Gold Chaser

    Joined:
    Mar 31, 2010
    Messages:
    4,091
    Likes Received:
    3,884
    Trophy Points:
    113
    Location:
    Instant Gratification Land
    I'll say. Good thing you didn't buy ins too, because even if you did and one or all of your pkgs had come up missing, they'd only have paid $15/pkg.

    In other words, had your pkg went through the hands of a dishonest employee who recognized where it was going and what it likely contained, who decided to steal it, you'd have gotten screwed on the deal.

    You can ship stuff however you want. I'm just making sure that you are aware of the fact that if a pkg shipped in the manner you described had come up missing, the maximum they'd pay on a claim is $15.
    As long as one is aware of that fact going in, it's all good.


    From USPS website about insurance claims

    USPS payable claims.PNG


    USPS payable Priorty claim.PNG
     
    Mujahideen and nowon like this.
  30. Usury

    Usury Gold Chaser Platinum Bling

    Joined:
    Apr 1, 2010
    Messages:
    3,855
    Likes Received:
    2,915
    Trophy Points:
    113
    Joe, clearly if one was going to insure, you'd have to do it as registered mail.
     
  31. michael59

    michael59 heads up-butts down Platinum Bling

    Joined:
    Apr 1, 2014
    Messages:
    6,295
    Likes Received:
    2,804
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    20 years logging
    Location:
    on the low side of corporate Oregon
    well I got my lil 10 dollar coin soon to be sent off to some ones' stack I am going to send it on a 65 cent stamp.
     
  32. Joe King

    Joe King Gold Member Gold Chaser

    Joined:
    Mar 31, 2010
    Messages:
    4,091
    Likes Received:
    3,884
    Trophy Points:
    113
    Location:
    Instant Gratification Land
    The way 97guns shipped, up to $50 in insurance is included in the price....unless when you try to file a claim you tell them it contained bullion or other negotiable instruments. Then you only get $15 no matter what the actual value is.
    ...and they will sell you all the insurance you want. whether they pay a claim on it is another story. Ie: you could pay to insure an empty box for $1000 if you want, but if they lose it they'll never pay on it unless you can prove to their satisfaction that the thing in the box actually had a real-World value of $1000.
     
  33. goldielox1

    goldielox1 Silver Miner Seeker

    Joined:
    Jun 20, 2013
    Messages:
    653
    Likes Received:
    495
    Trophy Points:
    63
    Yes as others have pointed out, the $50 insurance was a waste of money. It covers nothing. Or do you mean that its included in the normal postage price? The insurance price on registered is pretty exhorbitant. Rather than pay that, I would just use the insurance money to pay for the gas to drive to a big dealer even if several states over.
     
  34. dacrunch

    dacrunch Gold Chaser Platinum Bling

    Joined:
    Apr 9, 2010
    Messages:
    3,900
    Likes Received:
    2,516
    Trophy Points:
    113
    Would you mind letting us know where you get such yields? It would be helpful to know the portfolio. Thanks in advance.

    Selling house - downsizing - will have cash left over... to "place"... somewhere else than in a bank account or credit union.

    I've had Gold/Silver & Mining ETFs for 15 years, all "in the red", btw...
     
    Last edited: Oct 12, 2017 at 6:00 AM
  35. nowon

    nowon Seeker Seeker

    Joined:
    Mar 30, 2010
    Messages:
    138
    Likes Received:
    124
    Trophy Points:
    43
    fwiw, some mutual funds have YTD returns of over 30% (ex TCMPX and TIGAX). Realize that's not a stock, but....
     
  36. dacrunch

    dacrunch Gold Chaser Platinum Bling

    Joined:
    Apr 9, 2010
    Messages:
    3,900
    Likes Received:
    2,516
    Trophy Points:
    113
    Thanks "nowon" - will look into it for sure!
     
  37. 97guns

    97guns Gold Member Gold Chaser

    Joined:
    Jul 29, 2010
    Messages:
    1,366
    Likes Received:
    1,079
    Trophy Points:
    113
    Gender:
    Female
    Occupation:
    RETIRED
    Location:
    USA
    Some of my holdings are

    AMZA
    BDCL
    CEFL
    MORL
    PER
    WPG
     
  38. EO 11110

    EO 11110 He Hate Me Mother Lode

    Joined:
    Jul 31, 2010
    Messages:
    11,826
    Likes Received:
    7,693
    Trophy Points:
    113
    high risk stuff, 2x leveraged etfs/etns. more suitable for short term trading. the things operate on shaky ground and are apt to get hammered if/when correction arrives - esp if real estate gets hit. just giving my risk assessment - no opinion on buy/sell
     
    Mujahideen and Silver like this.

Share This Page