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The Real Secrets To Using Precious Metals To Become Wealthy

searcher

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#1
The Real Secrets to Using Precious Metals to Become Wealthy
belangp


Published on Apr 30, 2016
Want to know a secret?
 

the_shootist

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#2
If I started thinking about trying to become wealthy buying gold I'd go broke
 

FunnyMoney

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#3
Basically, all it said, with some nice background music, was "tighten your belt," don't over consume or "live too high on the hog" and take those extra savings and plow them into gold. Spending choices made throughout your life - spend less to save more (in gold).

There, I saved you 4 minutes (unless you want to listen to some music while you read a lengthy explanation with examples, of the same thing I wrote above).
 

earplugs

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#4
How does one become financially free on 500k? Stocks with dividends? Or rental property?
 

FunnyMoney

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#5
How does one become financially free on 500k? Stocks with dividends? Or rental property?
That depends upon the future appreciation or depreciation of those assets, the future ability for companies to maintain and increase their dividends, the current and future cash flow details of the rental properties and the current and future tax concerns regarding them.

If I had 500k right now to do something with, I would buy gold and silver with it and remove myself from the banking system. Wait for the collapse which Michael Pento spoke about on another recent thread and then possibly come in afterwards and diversify into rentals / safe dividend paying blue chips when those things hit rock bottom.
 

GOLDZILLA

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#6
How does one become financially free on 500k? Stocks with dividends? Or rental property?
Live somewhere that is paid for with low taxes (flyover territory), Drive a 20+ year old car that you can fix yourself from junkyard parts or just ride a small motorcycle. Go to garage/estate sales and buy cheap stuff and sell it for normal price to where you can eat and heat your home without ever touching the 500k except for emergency.
 

GOLD DUCK

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#7
QWAK,The real choice for wealth is to be and live DEBT FREE!:2 thumbs up:

the DUCK :winks2:
 

the_shootist

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#8
Live somewhere that is paid for with low taxes (flyover territory), Drive a 20+ year old car that you can fix yourself from junkyard parts or just ride a small motorcycle. Go to garage/estate sales and buy cheap stuff and sell it for normal price to where you can eat and heat your home without ever touching the 500k except for emergency.
You need to convert the $500K out of paper to something with actual value. On that point I agree with FM
 

GOLD DUCK

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#10
You CAN NOT become rich by saving gold.
QWAK,Mujahideen,Its NOT about getting rich it's about avoiding POVERTY ---- as long as you got GOLD and SILVER you will not be poor!:2 thumbs up:

the DUCK :winks2:
 

GOLD DUCK

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#11
:winks2:
You CAN NOT become rich by saving gold.
QWAK,Mujahideen,You do not or should not save GOLD you should save IN GOLD because GOLD is MONEY--- it is WEALTH and When you can give away SILVER and GOLD and share the understanding of WEALTHE then you are RICH!:thumbs up 2:

the DUCK:winks2:
 

the_shootist

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#12
:winks2:

QWAK,Mujahideen,You do not or should not save GOLD you should save IN GOLD because GOLD is MONEY--- it is WEALTH and When you can give away SILVER and GOLD and share the understanding of WEALTHE then you are RICH!:thumbs up 2:

the DUCK:winks2:
Nailed it Duck!
 
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#14

solarion

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#15
I would be happy if it just kept me middle class...
Middle class = endangered species. Recommend finding a way to take out puts on your own lifestyle.
 
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#16

Area51

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#17
How does one become financially free on 500k? Stocks with dividends? Or rental property?

You need a consistent cash flow to be wealthy. Having a big stack of gold and silver isn't going to put money in your pocket every month. You'll be decreasing it every time you need to buy something.

Dividend stocks are a cute concept, but with a reasonable yield of only 2% to 3% you're going to need a massive amount of capital to bring in a decent cash flow. My main problem with this is that you never know when a company might decide to shut off the dividend. And then what? You're back to selling off your asset to generate cash flow.

My preference is definetly real estate. Especially with how cheap it is in the U.S. everyone needs shelter - - but not everyone needs Facebook stock. And if your tenant turns into a deadbeat and stops paying, you can evict them much quicker and much easier than you could evict a deadbeat CEO or a deadbeat BoD who run your dividend into the ground.
 

solarion

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#18
You can't own real estate though. You can only make yourself the trustee. Public "servants" in whichever branch(es) of goobermint in the area that feel like they own the property will raise your rent(taxes) and/or tell you what you can do with "your" property whenever they feel like. Then there's the problem with the state and federal goobermint constantly creating housing price inflation for the alleged purpose of helping the little people "own a piece of the Amerikan dream".
 

Area51

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#19
You can't own real estate though. You can only make yourself the trustee. Public "servants" in whichever branch(es) of goobermint in the area that feel like they own the property will raise your rent(taxes) and/or tell you what you can do with "your" property whenever they feel like. Then there's the problem with the state and federal goobermint constantly creating housing price inflation for the alleged purpose of helping the little people "own a piece of the Amerikan dream".

You've got more "ownership" and control of real estate than you do of stocks. Just ask all the "owners" of General Motors what happened when The General decided to play the BK card.

Increases in property tax are passed on to the tenant in the form of annual rent increases.

And if the government decides to enact a widespread seizure of people's homes, whatever stocks you "own" will be worthless long before that. Seriously, do you expect the stock market/casino to just keep humming along in the event of a civil war?
 

solarion

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#20
Not sure why you've quoted me and chosen to rail against stocks A51.

I don't own any, haven't for years, and don't intend to own any again unless and until there's a return to some semblance of free markets. In short, you're preaching to the choir.
 

Po'boy

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#21
:winks2:

QWAK,Mujahideen,You do not or should not save GOLD you should save IN GOLD because GOLD is MONEY--- it is WEALTH and When you can give away SILVER and GOLD and share the understanding of WEALTHE then you are RICH!:thumbs up 2:

the DUCK:winks2:
A man plants pears for his heirs.

Some of the best SAE I ever spent was given to people with the stipulation they would look into why PM is the only true lasting money.
God's money.
 

edsl48

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#22
You can't own real estate though. You can only make yourself the trustee. Public "servants" in whichever branch(es) of goobermint in the area that feel like they own the property will raise your rent(taxes) and/or tell you what you can do with "your" property whenever they feel like. Then there's the problem with the state and federal goobermint constantly creating housing price inflation for the alleged purpose of helping the little people "own a piece of the Amerikan dream".
You got that right...and I make a living off of renting real estate
 

edsl48

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#23
You've got more "ownership" and control of real estate than you do of stocks. Just ask all the "owners" of General Motors what happened when The General decided to play the BK card.

Increases in property tax are passed on to the tenant in the form of annual rent increases.

And if the government decides to enact a widespread seizure of people's homes, whatever stocks you "own" will be worthless long before that. Seriously, do you expect the stock market/casino to just keep humming along in the event of a civil war?
Civil wars destroy real estate too. Look at Atlanta last usa civil war
 

Usury

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#24

silver solution

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#25
How does one become financially free on 500k? Stocks with dividends? Or rental property?
At my age I would have hard time spending 500k.. I can't *uck that many hookers. Can't eat that much. Don't want lot of cars. I do like the PMs but I hope I would have hard time losing it trading those.
 

wallew

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#26
Move to Paraguay? Buy 100000 hectares now while it's cheap. Then wait for your neighbors to settle down there as well.

And bring your golf clubs and lose all the time to your neighbors GRACEFULLY.

Just sayin
 

goldielox1

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#27
Move to Paraguay? Buy 100000 hectares now while it's cheap. Then wait for your neighbors to settle down there as well.

And bring your golf clubs and lose all the time to your neighbors GRACEFULLY.

Just sayin
How many Federal Reserve Notes would it take to get these 100,000 hectacres?
 

wallew

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#28
One hectare is a little more than two acres. I've seen large plots of land 4000 hectares - 8000 acres sell for
1.2 m us - that's a bit more than $100 us per acre

most of the websites I have found are in English, so it's for the US market = selling at US PRICES

But if you didn't need 8000 acres, you could probably find yourself a nice 'hobby' ranch for $100,000 - about 1000 acres or 500 hectares
 

agnut

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#29
A man plants pears for his heirs.

Some of the best SAE I ever spent was given to people with the stipulation they would look into why PM is the only true lasting money.
God's money.
Good one Gold Duck. The Bosc pear trees I planted 6 years ago are producing like crazy for the first time this year. Might even have to prop up the branches.

Had I planted the pear trees 5 years ago instead, I would still be living in faith rather than enjoying the reality of coming to fruition.

Some food for thought, eh ?

Best wishes,
agnut


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