creed Report post Posted June 7, 2021 If you sell the capital gains is different between coins and bouillon. Share this post Link to post Share on other sites
pwrguy Report post Posted June 7, 2021 10 hours ago, Curtis Reed said: Buy gold or silver in any form... bullion, minted coins, junk coins, jewelry, sterling.... Krugerrands are more expensive with high premiums but they are more desirable to buyers. I don’t sell my silver so I buy whatever is the best deal. There is no wrong answer! Just buy and stack physical gold or silver: I started in 2010 when Ron Paul opened my eyes on what is real money There is a big difference between money and currency. 80 more troy oz on the way. Also, a lot of people I talk to about gold/silver question it as an investment, and I agree since it is artificially suppressed to prop up the weak dollar. But we don’t buy and stack for money making. We buy for insurance and to turn paper fiat money into REAL money. If the dollar hyperinflates, you won’t be broke. Gold and silver have been money since Jesus walked the earth. Like Curtis said. There is no wrong decision. Yes you will pay insane premiums right now but put your stored cash into something that is going to hold value. It doesn't have to be gold and silver, right now it can be just about anything. Personally I would not be in a hurry to get rid of real estate, yes it will pull back just like the stock market but at least it will be worth something as opposed to fiat US Dollars which are going to go to the value of the paper they are printed on. Look at ammo, It is going for double what it was a year ago...another great store of value 1 Share this post Link to post Share on other sites
creed Report post Posted June 7, 2021 14 hours ago, ctafoya said: I'm tempted to sell my house and buy a 5th wheel and just see how the rest of the year plays out. My hunting partner and his wife are doing exactly that. Share this post Link to post Share on other sites
brent Report post Posted June 7, 2021 Lots of talk of selling the house: Im your guy if you live in the East Valley. 1 Share this post Link to post Share on other sites
Curtis Reed Report post Posted June 7, 2021 Used vehicle prices..... Share this post Link to post Share on other sites
JSR Report post Posted June 8, 2021 I'm set for life. 1 Share this post Link to post Share on other sites
Curtis Reed Report post Posted June 10, 2021 https://www.google.com/amp/s/amp.cnn.com/cnn/2021/06/10/economy/may-consumer-price-inflation/index.html Get silver while it’s cheap and available. Won’t be for long trust me. Share this post Link to post Share on other sites
eddielasvegas Report post Posted March 8, 2022 The premium on silver is steep, plus the storage issue. Gold (in 1 toz coins) is not horrible at 6-8% above spot. Also, if you are an American and live in USA, I suggest American Gold Eagles or Buffalos in 1 toz size. Just my humble opinion. Eddie Share this post Link to post Share on other sites
pwrguy Report post Posted March 8, 2022 On 6/10/2021 at 10:08 AM, Curtis Reed said: https://www.google.com/amp/s/amp.cnn.com/cnn/2021/06/10/economy/may-consumer-price-inflation/index.html Get silver while it’s cheap and available. Won’t be for long trust me. Good advice. Even though it's bounced higher it is still a bargain. It's going MUCH higher in the not-too-distant future Share this post Link to post Share on other sites
Non-Typical Solutions Report post Posted March 8, 2022 Since houses/realestate have been thrown into the mix, Do I take money out of my IRA to pay off the 36K I owe on my house or do I just finish out my 7 years left making payments? I know there are lots of questions to ask/answer in the scenario but I really want to be just done with my house payments and have that secured! Share this post Link to post Share on other sites
yotebuster Report post Posted March 8, 2022 7 minutes ago, Non-Typical Solutions said: Since houses/realestate have been thrown into the mix, Do I take money out of my IRA to pay off the 36K I owe on my house or do I just finish out my 7 years left making payments? I know there are lots of questions to ask/answer in the scenario but I really want to be just done with my house payments and have that secured! I’d ride that mortgage out. The way I look at it, any of my current low interest debt (2.8-3.7%) is getting paid off for me by inflation. I’m making 3-5% on my debt right now and I’m gonna take any cash I can come up with and reinvest it. Now is a GREAT time to have fixed interest debt. 3 Share this post Link to post Share on other sites
Curtis Reed Report post Posted March 8, 2022 37 minutes ago, yotebuster said: I’d ride that mortgage out. The way I look at it, any of my current low interest debt (2.8-3.7%) is getting paid off for me by inflation. I’m making 3-5% on my debt right now and I’m gonna take any cash I can come up with and reinvest it. Now is a GREAT time to have fixed interest debt. The only positive for me if the dollar significantly inflates, is the super great deal I get on paying off debt. I borrowed a dollar when it was worth a lot more than it is now. 1 Share this post Link to post Share on other sites
twigsnapper Report post Posted March 8, 2022 3 hours ago, Non-Typical Solutions said: Since houses/realestate have been thrown into the mix, Do I take money out of my IRA to pay off the 36K I owe on my house or do I just finish out my 7 years left making payments? I know there are lots of questions to ask/answer in the scenario but I really want to be just done with my house payments and have that secured! It depends on a couple factors…. 1- what will your tax rate be if you take the distribution? If you are in a high tax bracket it might be worth waiting a year or two to pull the money. 12% tax vs 35% tax… 2- what is it invested in? If the holdings are bonds or other low growth investments then holding them doesn’t make sense. If you are going to hold assets that outpace inflation then the numbers say you should hold them as they will outperform the cost of the mortgage over time I get this question a lot from my clients, having a home paid off is great peace of mind, especially in moments like this 1 Share this post Link to post Share on other sites
Edge Report post Posted March 9, 2022 Silver up $3.00 in 30 days, gold up $242. What's in your wallet? 3 Share this post Link to post Share on other sites
