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my PM position is 100% silver

Discussion in 'Purchasing Precious Metals' started by 97guns, Jul 31, 2010.



  1. 97guns

    97guns Gold Member Gold Chaser

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    Yes a lot has changed since my infant stages of protection through metal, now my position is 50/50 gold/silver and I am giving some thought of dumping the silver holdings in search of some income. I can generate an income stream of $25k a year by throwing my silver holdings at a paper asset, I'm not into paper assets but I love passive income and I think it's time i make some income with it
     
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  2. ttazzman

    ttazzman Midas Member Midas Member Site Supporter

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    would love to hear your method for generating"passive income"........ i am probably sitting in close to your position
     
  3. 97guns

    97guns Gold Member Gold Chaser

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    I'm looking at something that pays 10% or more I just started looking but I see dividend stocks and ETFs that are usually REIT. there is also deed trust investing which is loaning money to a homeowner and the debt is secured with the properties equity.

    I got interested in 10% over the Christmas holiday when my brother told me he was making a killing on some REITs that pay out every month
     
  4. Fjpod

    Fjpod Silver Member Silver Miner

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    With 10% comes some risk, no?
     
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  5. ttazzman

    ttazzman Midas Member Midas Member Site Supporter

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    i have a bit of deed of trust lending but its paying in the 5% range but it also is all below 70% of assett value so very safe.....be curious what you find out there that your considering and what REITs you guys are looking at
     
  6. Silvergun

    Silvergun Silver Member Silver Miner

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    Rich Uncles? haha

    Various REITs have been advertising like crazy out here. I have breifly looked into it, but its hard to tell whats good/bad info.
     
  7. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

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    I'm a believer in diversification so I am 90% silver 110% gold and 100% lead.
    Oh, and 17% cash. I got 3% wampum too. You never know.
     
  8. 97guns

    97guns Gold Member Gold Chaser

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    Yes for sure risk, I'm looking to take on 6-10 issues to minimize and spread risk and of course with an overall market downturn I would take it in the shorts. Investing 101: without risk there is no reward
     
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  9. Hystckndle

    Hystckndle Daguerreotype Fanatic Site Mgr Site Supporter ++

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    My looking at reits that pay above 5, 6 ,7 apr
    has generated skepticism by me and deciding that they are
    very speculative, to much so for me.
    All is good on the going up, no rigging for hiccups in there.
    As a construction guy. Im going for the fully paid for
    property route.
    Jmho.
    Regards to all,
    Haystack
     
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  10. OverOver

    OverOver Silver Member Silver Miner Site Supporter

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    For what it's worth.

    Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income (Closed-End Fund) Symbol: MFD

    Last trade: $11.82 Div: .30 quarterly Distribution rate: 10.15%

    -utilities can be interest rate sensitive- If rates go up and utilities drift lower then MFD should go lower too. If it got down to $10 the distribution rate would be 12% Nice
    pickup at that price if the dividend was safe...or stayed safe.
     
    Last edited: Jan 24, 2017
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  11. 97guns

    97guns Gold Member Gold Chaser

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    [​IMG]





    Can't get closer to 50/50 than this
     
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  12. ttazzman

    ttazzman Midas Member Midas Member Site Supporter

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    lol......im not sure if i know the right calculations to turn it into a percentage.......but your closer than i am
     
  13. REO 54

    REO 54 Midas Member Midas Member

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    Gonna be cheaper metals this summer......
     
  14. ttazzman

    ttazzman Midas Member Midas Member Site Supporter

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  15. 97guns

    97guns Gold Member Gold Chaser

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    My brother just got in for the weekend and we briefly spoke about his dividend holdings, surprisingly only a couple reits and some stuff paying out 18-20%, here is a list of his core holdings

    CLM & CRF - both a division of cornerstone and paying 18-20%
    GOF - 11%
    NCV - 17%
    TICC - 17%
    AGNC - REIT 12%
    NYMT - REIT 14%
    WMC - REIT 12%
     
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  16. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter ++

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    If you use the past to predit the future. The thing is the future will be very unlike the past IMHO. The election of Trump is already starting to change everything. The light and fluffy feeling in the market is the same as it was right before the '29 crash, before the tech bubble burst and right before the housing bubble burst. What makes you think the Dow breaking 20K has anything to do with what might happen on Monday?

    Metals will survive an unexpected and rapid change in the economy. We all know it's going to burst, the time is ripe for it right now! Be prepared!
     
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  17. Silver

    Silver Gold Member Gold Chaser

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    Trump's jaw boning a few thousand jobs back to this country will not fix the last 100 years of debt accumulation and hollowing of the economy. I think things are very fragile and we could have a massive shock to the economy, especially when many are regaining confidence - false confidence, IMO.
     
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  18. SilverCity

    SilverCity Gold Member Gold Chaser

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    Paper generating more paper...what a concept. Never could quite get into that idea. Couldn't get my brother OUT of that idea, either.

    What represents wealth in a debt-based economy facing a 20 Trillion dollar budget deficit, 127 trillion in unfunded liabilities (Forbes), not to mention over 1.5 quadrillion global derivative liabilities?

    SC
     
    Last edited: Jan 29, 2017
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