How are your investments doing?

[riptides]

All cash now except for company controlled 401k plan. Looking for conservative hoardings... LOL.

 

[Hay Dude]

Last week I was able to sell all my precious metals.

Finally, I am out of that albatross.

Never again.

What happened? You should have made a killing!!!
I made 120% return on silver in under 1 year.

Albatross? WTFU talking about Willis?

 

[Fuddyduddy1952]

Last week I was able to sell all my precious metals.

Finally, I am out of that albatross.

Never again.

What did you pay for the precious metals?
What did you get when you sold them?
How long did you have them?

 

[RSKY]

I just find that I spend less, when I have to put down that wad of cash all at once. So, often I save 100%

I will not go in debt for anything that I don't have the money to pay off instantly. I could have paid cash for all three vehicles with no problem BUT I'm still earning on my investments while paying off the loans. That same fund that I took money out at $28 is now at $47 so the $50,000 in shares I sold two years ago would now be worth $83,000.

RSKY

 

[Snobdds]

What happened? You should have made a killing!!!
I made 120% return on silver in under 1 year.

Albatross? WTFU talking about Willis?

I made money, I always do.

The problem was getting rid of it. Exchanges don;t want to buy high priced metals. They will sell them to you at the high prices though. I had to hire a broker to sell the stuff and then pay him.

It's too hard to buy at scale in metals and then be able to sell at scale. It's a very illiquid market.
Yes you can buy 10 ounces at the local dealer and sell it pretty easily. But they don't have the ability to buy blocks of metal.

 

[jmc]

I made money, I always do.

Is that you, 5030?

 

[Hay Dude]

I made money, I always do.

Love the confidence, but admit I have made less than I wanted sometimes.

The problem was getting rid of it. Exchanges don;t want to buy high priced metals. They will sell them to you at the high prices though. I had to hire a broker to sell the stuff and then pay him.

It's too hard to buy at scale in metals and then be able to sell at scale. It's a very illiquid market.
Yes you can buy 10 ounces at the local dealer and sell it pretty easily. But they don't have the ability to buy blocks of metal.

Sounds like to me you bought large bricks of gold and naturally, less buyers wants those because few can afford larger pieces like that.
I bought decent quantities over the years, but never exceeded one ounce increments (Krugerrands, Maple Leafs, etc.)
I can sell those at 97-99% of value in 20 minutes. Market is extremely liquid in North Wilmington area.

 

[Snobdds]

Sounds like to me you bought large bricks of gold and naturally, less buyers wants those because few can afford larger pieces like that.
I bought decent quantities over the years, but never exceeded one ounce increments (Krugerrands, Maple Leafs, etc.)
I can sell those at 97-99% of value in 20 minutes.

They're called bricks but they are little 1oz bars in 100 oz increments that come in plastic baseball card like packages.

You can put 500oz to a box.

Those are hard as hell to sell.

 

[Snobdds]

Is that you, 5030?

Clever.

 

[Hay Dude]

They're called bricks but they are little 1oz bars in 100 oz increments that come in plastic baseball card like packages.

You can put 500oz to a box.

Those are hard as hell to sell.

Yeah that’s an unusual form of gold that less people want to buy.
Stick with the well known coins.

I know my buyer on a first name basis and like working with him. My bank is literally across the street from his shop. I walk out with a check always feeling like I got a fair deal.