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misteroman
Administrator
USA
2565 Posts |
 Posted - 03/25/2008 : 22:09:38
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If i could only be assured.grrrrrrrrrrr.I'm pretty heavy into real estate but could literally be retired if I bought silver 3-4 yrs ago for what I spent on real estate. From early 03-end 05 close to $200K out of pocket.If I took that same money and bought silver at 5-6 an ounce,I would have at LEAST $700K in Silver right now.
This summer I am planning on purchasing another commercial property and will need approx $50K down(owner is holding so only need 10% down)
Instead should I take that $50K and buy silver?
Everyone I talk to says silver will be $25 sometime this year.And from the sounds of just the few posts on here,people are buying like crazy, which will make the price go up,which will get the people to buy even more.
I realize that everything is speculative and WD's crystal ball is still out being fixed but how do you know when and what to do.
Thanks ahead of time.
Derek
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Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 03/25/2008 : 22:33:56
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| Hey Derek...it's a tough call. I have seen people saying that there are shortages in silver and that it's undervalued compared to gold when it comes to the ratio it should be. So I have seen projections of anywhere from $25-30/oz to some saying $40-$50 or even more. It's a risk just like real estate, so there's no quick answer. I think one thing to consider though, is that silver seems to be very liquid compared to real estate. I dont remmeber ever having trouble unloading silver, either at a coin shop or on EBay if I needed some cash. Real estate on the other hand can take time to match the right buyer and seller. Does that make sense? Hindsight is always 20-20 but it sure would be nice to have a crystal ball. I am buying up some silver now but nothing like the scope you are talking about. Do you have a financial advisor you could talk to? |
My hobby: collecting real money 1 copper cent or nickel at a time.
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wheeler_dealer
Penny Collector Member
USA
402 Posts |
Posted - 03/25/2008 : 23:49:13
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Derek,
I will be your financial adviser. Call to get my rates and make an appointment.
I think the crystal ball is working again. It must have been soaked from the flood of money the government turned loose. |
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wheeler_dealer
Penny Collector Member
USA
402 Posts |
Posted - 03/26/2008 : 00:03:20
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If the U.S. ends up in a recession, the last place I would invest would be commercial real estate.
Unless you owned the property free-clear it is to risky. Business slow downs hurt everyone. Commercial Real estate can be risky. If you are long term than it wouldn't hurt to buy some on this correction. Silver will go back up and this bull market in the PM"s is far from over. As I wrote (I think I did) earlier the way to get in the market now would be to average in. There is a good chance that silver could correct again and drop a little more this summer after that I believe that it will head up for a while. In 2011 when silver is $26.00 or better, I will look back and say Darn why didn't I buy some silver when it was $17.
Note: This is only my opinion and any investments anyone makes should be done with $$$ they can afford to lose. (however I don't think you will lose) when you make $$$$. Remember me..... |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/26/2008 : 00:34:25
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Derek.. Buy copper pennies.. it is the only sure thing. That $50k will buy 5 Topeka size shipments. Take them home and sort like hell. Return the $40k in zinc to the bank.. Buy 4 Topeka shipments.. Repeat as necessary.
In the end you will have 1,000 bags of copper cents.. 5 million coins.. an even bigger hoard than c140cessna's hoard and mine combined. You will be the copper king!
Of course I like both gold and silver too and am still buying at current prices. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 03/26/2008 : 00:47:31
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I like silver. I assume you have room to store 50k in silver?
I read somewhere that a coinstore has to report your transaction to the government if over $10k? So if you go that route, I would say keep each transaction under 10k. I dont know about you, but I dont like anyone knowing what I've got! |
"99% of all lawyers give the rest of them a bad name" 
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Edited by - moboman on 03/26/2008 00:50:00 |
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misteroman
Administrator
USA
2565 Posts |
Posted - 03/26/2008 : 01:08:09
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The way I try to buy the real estate is with owner holds.Yes I do have to put up some money up front(I try as little as possible)but after that all I want to do is break even(a little extra is always nice and a reward).After the initial payment,the rest of the bills(mortgage,taxes,insurance,upkeep) is paid for by the money coming in or the other guys money as I like to call it.(as if he didn't sell he would be collecting the rents)20yrs later I have a $XXX valued property that all I paid was the initial payment.But now TSHTF theory comes in and will The US even be around anymore(as it is today)
Coin- it all makes sense and I agree that silver is waaay underpriced.
WD-I'll buy ya drink at the show for your fees.
Hoard-being the copper KING would be kind of cool.But you two would catch up very soon I would bet.
Mobo-$50K in silver isn't all that much to keep around.Would only be about 156 lbs.Probably easily fit in two kitty litter buckets with ease.
What to do, what to do.
As Andy said "get busy livin' or get busy dyin'"Guess I just have to sort more!
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Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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WilliamC
Penny Collector Member
USA
471 Posts |
Posted - 03/26/2008 : 08:40:41
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quote:
Originally posted by HoardCopperByTheTon
Derek.. Buy copper pennies.. it is the only sure thing. That $50k will buy 5 Topeka size shipments. Take them home and sort like hell. Return the $40k in zinc to the bank.. Buy 4 Topeka shipments.. Repeat as necessary.
I love it!
The official designation for a 400 box, $10,000 penny purchase in now a Topeka purchase.
I suppose you won't mind if we designate a 100 box, $2,500 purchase as a HCBT purchase, since you mentioned you've made a couple of those in the past.
I humbly submit that a 50 box, $1,250 purchase be called a WC purchase.
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Sorting In Northwest Mississippi |
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wheeler_dealer
Penny Collector Member
USA
402 Posts |
Posted - 03/26/2008 : 09:25:14
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Man walks into teller, "Good morning mrs. I would like to purchase a Topeka."
Sorry sir all we have today is a HCBTT or a WC. However we can order you a Topeka.
Meanwhile all the girls in the back snicker. Wow glad I don't have to lug all those pennies from the vault.
Which bank can I go to and purchase a Topeka maybe Derek and I and Nickeless can split thirds.
All in Fun |
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PennyProspector
Penny Pincher Member
USA
212 Posts |
Posted - 03/31/2008 : 00:12:04
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Ok I may be a little late for this topic (5 days after posting)
But, I am a believer of not forgetting the girl that took you to the dance.
If rentals are what have made your bread and butter.. Dont question the amount that could have been invested in silver... there is always an investment that would have been amazing if I just bought in in time.
Winning in isn't about home runs, its about good solid base hits with out striking out.
I have to agree with the wisdom of HCBTT, maybe not $50K worth but you said it yourself, "If I took that same money and bought silver at 5-6 an ounce..."
No one knows the price of silver or copper tomorrow but we do know where you can get over a 50% discount on copper value today... thats like getting silver at $8-9 an oz.
I know you of all people dont need the pep talk on copper, but, a good financial future involves Several investments in non conected areas... It may not give you the $700,000 home run But you will survive to win the game.
PS I am not selling any rentals or silver! I love them both! and so far thay both have always loved me back.
Penny prospector |
Happy Prospecting! |
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n/a
deleted
86 Posts |
Posted - 03/31/2008 : 09:05:31
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quote:
Originally posted by WilliamC
quote:
Originally posted by HoardCopperByTheTon
Derek.. Buy copper pennies.. it is the only sure thing. That $50k will buy 5 Topeka size shipments. Take them home and sort like hell. Return the $40k in zinc to the bank.. Buy 4 Topeka shipments.. Repeat as necessary.
I love it!
The official designation for a 400 box, $10,000 penny purchase in now a Topeka purchase.
That's alot of pennies. I sort about $10/week myself. But how would someone go about sorting $50000 in pennies? My eyes would fall out of my sockets by the time that was done.
I suppose you won't mind if we designate a 100 box, $2,500 purchase as a HCBT purchase, since you mentioned you've made a couple of those in the past.
I humbly submit that a 50 box, $1,250 purchase be called a WC purchase.
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n/a
deleted
86 Posts |
Posted - 03/31/2008 : 09:14:24
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quote:
Originally posted by WilliamC
quote:
Originally posted by HoardCopperByTheTon
Derek.. Buy copper pennies.. it is the only sure thing. That $50k will buy 5 Topeka size shipments. Take them home and sort like hell. Return the $40k in zinc to the bank.. Buy 4 Topeka shipments.. Repeat as necessary.
I love it!
The official designation for a 400 box, $10,000 penny purchase in now a Topeka purchase.
I suppose you won't mind if we designate a 100 box, $2,500 purchase as a HCBT purchase, since you mentioned you've made a couple of those in the past.
I humbly submit that a 50 box, $1,250 purchase be called a WC purchase.
That's alot of pennies. I sort about $10/week myself. But how would someone go about sorting $50000 in pennies? My eyes would fall out of my sockets by the time that was done.
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 03/31/2008 : 10:04:06
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misteroman,
It sounds like you know what you are doing in regards to commercial real estate and I am certainly not qualified to second guess you. However I will say that are lot of people whose writing I respect waiting for the next shoe to drop in the country's economic woes. Many of those people are looking towards commercial real estate as being that shoe.
Retail space has been way over built in the last years and current retail numbers look simply horrible which means many, many store closing in the near future which, of course, means falling commercial real estate values.
That being said it is certainly possible that some parts of the commercial real estate market will be less impacted than others (example: non-retail). Also if you got a stable recession resistent renter that pays the mortgage, taxes, etc. then maybe it just doesn't matter if the market goes to heck.
The point being that money can always be made even in a down market if the investor knows what he is doing. It is the novices and the uncareful that will get washed out. So just ask yourself what happens to you if you lose a renter and can't replace him and how likely it is that it could happen given the businesses of your renters...
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 03/31/2008 : 10:22:07
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| War and stagflation will further destroy housing markets and financials. |
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 03/31/2008 : 12:45:40
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| Which financials are those? |
Trust the government? Ask an Indian. |
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 03/31/2008 : 13:42:15
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| Anything backed by 30:1-type paper. The banks/lenders that are dependent upon continuous, nearly exponential growth based on cheap oil and outrageous debt are doomed in the economic environment of the future. People are waking up, and the light they will see at the end of the tunnel is the glimmer of gold. |
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n/a
deleted
35 Posts |
Posted - 04/02/2008 : 16:17:44
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i'm no expert but isn't your housing market going belly up at the moment
buy silver,sell it later,buy houses when they've all been repossesed and are cheaper!! |
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misteroman
Administrator
USA
2565 Posts |
Posted - 04/02/2008 : 17:43:09
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I'm not really in the housing market,It's commercial real estate.Plazas,etc.But a good point above is that it may hurt small businesses that might close thus more open stores.
Derek |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 04/05/2008 : 23:01:10
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| I know around here it seems like alot of small businesses are going under and there are "For Lease" signs everywhere. One strip mall I checked into for a possible business had 3 openings and there is definitely no shortage of availble commercial space right now. The recession is making it hard for the little guys to stay open. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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Saul Mine
Penny Collector Member
USA
343 Posts |
Posted - 04/06/2008 : 23:07:55
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| You posted March 25, so silver had already dropped from its high of $21. Silver jumps in winter of even numbered years, drops back to a previous high in spring (a little early this time), and the rest of the time it bounces from one number to the other. So I expect it to go $16 to $21 several times in the next 18 months. Considering premiums, that is not enough swing to make a profit by trading (maybe in a Kitco pool, or an ETF where you don't have premiums), but if you buy near $16 and hold for 2 years there is a good chance of doubling your money. Or you could buy gold and expect the same rise with no heart-stopping swings. Since a lot of people are reporting difficulties in finding silver to buy I would be inclined to buy gold. |
A penny sorted is a penny earned!
Please use tinyurl.com to post links. Long links make posts hard to read. |
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Saul Mine
Penny Collector Member
USA
343 Posts |
Posted - 04/06/2008 : 23:11:35
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| Here's another tip: Right now you can buy an ounce of gold for the same price as 52 ounces of silver. There is a fair chance that you will be able to sell that gold some time this summer for about 100 ounces of silver. Then a year or so later when the ratio goes down again you sell the silver and buy gold. You can do that as often as the ratio swings, but it has to swing a lot to cover the premiums. Don't even think of trying to get that performance by selling for cash! |
A penny sorted is a penny earned!
Please use tinyurl.com to post links. Long links make posts hard to read. |
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misteroman
Administrator
USA
2565 Posts |
Posted - 04/07/2008 : 01:01:38
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Well in the last 3 weeks I've purchased about $300 face of silver.Want to stick more with copper and more so wheats.Got it at a decent price so no harm I guess.
Derek |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 04/08/2008 : 19:59:08
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In what is to conme it will be easier to trade your one oz rounds for what you need rather than a one oz of gold....no one will have change for a one oz gold.
"If you don't hold it, you don't own it"... Ponce |
"If you don't hold it, you don't own it"...Ponce |
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Saul Mine
Penny Collector Member
USA
343 Posts |
Posted - 04/09/2008 : 21:06:25
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quote:
Originally posted by Ponce
In what is to conme it will be easier to trade your one oz rounds for what you need rather than a one oz of gold....no one will have change for a one oz gold.
"If you don't hold it, you don't own it"... Ponce
There is no such problem. Gold is not for buying groceries, it is for rebuilding after the collapse. Silver is for buying groceries. |
A penny sorted is a penny earned!
Please use tinyurl.com to post links. Long links make posts hard to read. |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 04/10/2008 : 17:00:33
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quote:
There is no such problem. Gold is not for buying groceries, it is for rebuilding after the collapse. Silver is for buying groceries.
Don't forget gold comes in 1/10 ounce sizes or if need be, gold coins/rounds can be cut into pieces similar to pieces of eight.
There will be some who will part with their gold for either groceries or for silver to make smaller purchases.
When silver and gold are coin of the realm once again, Gresham's Law will still be in effect (bad money drives out good) with silver being the "bad" money while gold will be reserved for the major purchases. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 04/10/2008 : 17:29:17
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quote:
Originally posted by pencilvanian
quote:
There is no such problem. Gold is not for buying groceries, it is for rebuilding after the collapse. Silver is for buying groceries.
Don't forget gold comes in 1/10 ounce sizes or if need be, gold coins/rounds can be cut into pieces similar to pieces of eight.
There will be some who will part with their gold for either groceries or for silver to make smaller purchases.
When silver and gold are coin of the realm once again, Gresham's Law will still be in effect (bad money drives out good) with silver being the "bad" money while gold will be reserved for the major purchases.
That's true, but IMHO silver is much more practical for smaller purchases than cutting up gold coins. But if the SHTF gold rings and everything else made of gold will also be used.
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How to know what to do about silver?????
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