FISHHEAD Posted September 16, 2014 Report Share Posted September 16, 2014 List your favorites Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted September 16, 2014 Report Share Posted September 16, 2014 i would much rather short an "asset" like the us dollar that HAS to go down in value, than an asset like gold that HAS to go up in comparison over the long run. at some point there will be new dollars that will be worth 10x the old dollars. every paper money in the history of the world has failed, and it always happens when countries start racking up huge deficits that can never be repaid (sound familiar?) Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted September 16, 2014 Author Report Share Posted September 16, 2014 So you're bullish farmland over the next ten years despite the dramatic increases since the turn of the century?.............Mike, when does the Dow retreat below 16,000 again? Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted September 16, 2014 Report Share Posted September 16, 2014 no idea about the stock market as a whole, but i'm bullish on all assets other than dollars. unless the country becomes unlivable (quite possible) then 100 years from now there will still be a demand for farmland. but 100 years from now there will be no demand for the current version of us dollars, they are backed by nothing but debt that is impossible to repay and promises that are impossible to keep. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted September 16, 2014 Author Report Share Posted September 16, 2014 Totally agree Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted September 16, 2014 Author Report Share Posted September 16, 2014 Mike, how is the housing market in Milwaukee and what are the short term prospects for it? Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted September 16, 2014 Report Share Posted September 16, 2014 all about location in milwaukee (like everywhere else) i think we're at the top of the list for most segregated cities in the country, houses in poor neighborhoods can hardly be given away, everywhere else has been pretty stable. still looking at houses in vegas, probably anthem, my only concerns are throwing most of my net worth into a place that might have serious water concerns 10 years from now, and moving away from one of the best school systems in the country here in the suburbs Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted September 16, 2014 Author Report Share Posted September 16, 2014 Anthem is nice if not for the traffic patterns. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted September 16, 2014 Report Share Posted September 16, 2014 i don't plan on driving much, just sitting by the pool all day and trying to accomplish my goal of being the laziest human on earth Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted September 16, 2014 Author Report Share Posted September 16, 2014 Then Anthem is a very good fit for you...... Quote Link to comment Share on other sites More sharing options...
KingRevolver Posted September 17, 2014 Report Share Posted September 17, 2014 Is silver a good investment? Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted September 17, 2014 Report Share Posted September 17, 2014 Is silver a good investment? YES before silver prices starting being manipulated in the 1980s, it always traded at around 1/17th of gold. which makes perfect sense because silver is 19x as abundant as gold. now silver trades at 1/70th. at some point in the future it should be worth about 1/20th of gold Quote Link to comment Share on other sites More sharing options...
bookbraker Posted September 17, 2014 Report Share Posted September 17, 2014 ^^^solid reasoning Mike. Quote Link to comment Share on other sites More sharing options...
WVU Posted September 17, 2014 Report Share Posted September 17, 2014 Is silver a good investment?absolutely. It is 18 and change an ounce right now. It could go back to 40 just as easily as dropping to say 10 Quote Link to comment Share on other sites More sharing options...
Herky Posted September 17, 2014 Report Share Posted September 17, 2014 an inverse ETF is DUST - tread carefully. Quote Link to comment Share on other sites More sharing options...
The Seer Posted September 18, 2014 Report Share Posted September 18, 2014 YES before silver prices starting being manipulated in the 1980s, it always traded at around 1/17th of gold. which makes perfect sense because silver is 19x as abundant as gold. now silver trades at 1/70th. at some point in the future it should be worth about 1/20th of gold The Roman Empire set gold to silver at XXV to II. It was around there until the new world discovery where mines are swimming with silver. Many open pit copper mines get their profit from the one pound of silver they get per 200 pounds of copper. That said, silver disappears at an alarming rate. The new low-E windows eat up a box car worth of silver every year. This and little uses like cell phones and wound dressings are never recycled. To answer the OP question, maybe go long on lesser than Iowa corn land, and short gold. Of course, a gold put is the easy answer. Quote Link to comment Share on other sites More sharing options...
bookbraker Posted September 18, 2014 Report Share Posted September 18, 2014 Here's a good site for silver. Word on the street is that WVU has more than a few of the gigantic silver bullets! http://www.jmbullion.com/silver/ Quote Link to comment Share on other sites More sharing options...
ERBtheGREAT Posted September 18, 2014 Report Share Posted September 18, 2014 Ok so silver is 18.50 an oz, is there anywhere to buy it at 18.50 an oz or do you have to pay 20 an oz? Looking to spread around my loot...what's your opinion WVU? Quote Link to comment Share on other sites More sharing options...
WVU Posted September 18, 2014 Report Share Posted September 18, 2014 Jmbullion linked above is about 19.5 but includes free shipping. Others charge less per ounce but you pay for shipping. The best and cheapest place I have found is bullion direct.com. This is an exchange so you can buy or sell very close to spot. You can also store it virtually through them which is inevitable as it gets tough to store at home in a safe when you start accumulating. Good move, Erb. Quote Link to comment Share on other sites More sharing options...
ERBtheGREAT Posted September 18, 2014 Report Share Posted September 18, 2014 Thanks for advice. I'm guessing all silver on these sites is 100% real? I see bids on bulliondirect, what if someone ships you a fake coin? Quote Link to comment Share on other sites More sharing options...
sugardaddy Posted September 18, 2014 Report Share Posted September 18, 2014 Apmex.com is another trustworthy website to consider for precious metals. I've purchased from them previously, and never had any problem. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted September 18, 2014 Report Share Posted September 18, 2014 i wouldn't trust paper gold (etf) or virtual storage. i know some really smart guys that do trust electronic gold/silver, i for one would rather have it in my hands in case the shit hits the fan. for bigger numbers though it gets heavy, put a few file cabinets full in the basement Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted September 18, 2014 Author Report Share Posted September 18, 2014 Mike, no basements in Vegas, don't move here. Quote Link to comment Share on other sites More sharing options...
WVU Posted September 18, 2014 Report Share Posted September 18, 2014 i wouldn't trust paper gold (etf) or virtual storage. i know some really smart guys that do trust electronic gold/silver, i for one would rather have it in my hands in case the shit hits the fan. for bigger numbers though it gets heavy, put a few file cabinets full in the basement gold I would want on hand. Silver is just way too big and heavy to store any significant amount in your house. By significant I am talking about 100k worth which is close to 400 troy pounds. I know some people hide it in their walls or bury it. I would say the metal is safer kept virtually in a place like bullion direct than it is in in your home, especially if shit hits the fan. I would rather keep it virtually than in a bank deposit box as well. That isn't 100% secure if shit hits the fan and it would be expensive to keep 400 pounds in a vault. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted September 18, 2014 Report Share Posted September 18, 2014 Mike' date=' no basements in Vegas, don't move here.[/quote'] some of the places i'm looking at have basements and/or casitas. would be funny to have a casita with silver bars stacked in it i like this house but the pool isn't self-cleaning and there is a gigantic wall fence behind it, would feel like being imprisoned http://awp207556.las.fusionmls.com/5.12.05.35765/Tools/MultiImageViewer/MediaViewerDlg.asp?Mode=1&DefaultTab=0&Address=&SysPropID=63991568&PageType=-1&ShowImages=1&ShowLinks=1 Quote Link to comment Share on other sites More sharing options...
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