Anyone here investing in gold & silver? - The Hull Truth - Boating ...

Yesterday, 07:27 PM
? Join Date: Jan 2011 Location: Oregon Inlet NC Posts: 777	Isn't gold at an all time high? Does not seem to be a good investment to me. __________________ Hydra-Sport Vector 2200CC Yamaha F-250
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Yesterday, 07:50 PM
Senior Member ? Join Date: Mar 2007 Location: New Orleans Posts: 2,001	Hmmm. Gold. Buy high sell low?
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Yesterday, 07:50 PM
? Join Date: Jun 2010 Location: Raleigh/Southport, NC Posts: 2,133	Quote: you need to establish a "self directed IRA". Not a big deal really. You set it up and rollover a portion of your exiting IRA into the new "self directed IRA' which is thru a custodian or trust. This will allow you to hold physical gold albeit in a depository somewhere. You can also own a bunch of other stuff like rental property, privately held business shares etc. Go to Apmex.com and look around their site for more info. Otherwise just by ETF GLD, but when the SHTF, I think the real thing would be better. If you want to purchase gold thru an IRA and then bury it in your backyard, you are shit out of luck though. Thanks, I'll check them out. Might make sense to go the custodial route, then cash out and buy the real thing if needed.
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Yesterday, 07:54 PM
? Join Date: Jan 2011 Location: Oregon Inlet NC Posts: 777	Quote: Hmmm. Gold. Buy high sell low? Glad I am not the only one. I'd like to have bought a shitpile of it 10 years ago. __________________ Hydra-Sport Vector 2200CC Yamaha F-250
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Yesterday, 08:24 PM
? Join Date: Sep 2003 Location: Mexico Posts: 15,196	Banks now say its illegal to keep valuables and currencies in safe deposit boxes. As far as the price goes, I have been a miner all my life and have been selling more equipment to gold, silver and copper miners than you can shake a stick at for the last 4 years. So I am about to sell what I bought at 700 as I personally think that supply will continue to increase reapidly, even in these inflationary times. Im buying new houses for around $60 a sq foot to rent. __________________ ?Oooooooooole'!
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Today, 05:11 AM
? Join Date: Oct 2001 Location: Forward City, Alabama Posts: 3,626	it was 11 years ago gold is going to $3500 minimum,silver $150.00 per oz it will be a wild ride and take a lot of nerve to buy and hold OP even in a self directed IRA, you cannot take possession,Only your custodian and your custodian will have it held in a secure vault buy on steep corrections
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Today, 06:24 AM
? Join Date: May 2008 Location: Philadelphia Posts: 2,124	Whatever you do. Dollar cost average your position. Depending on how much $$ you have take 3-12months to establish the entire position. That way you aren't trying to get in at a single point. Yes today may be the lowest it ever will be but it could also be the highest. I have been using www.providentmetals.com over the past year to buy sIlver bars. They jave decent prices over spot. Who knows where it will be in a few years but this more of a long term position(20-40 years) for me. I intend to keep purchasing a little every month. They do have a IRA section so you can read up on how to set that up. __________________ 1972 Formula 233F
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Today, 06:26 AM
? Join Date: Mar 2007 Location: Fort Lauderdale Posts: 596	Agree with Esuomm1. Unless the world really comes to an end GLD and SLV are your best bet especially for liquidity. If the world really ends I don't get the need for gold. Seems like ammo, food, etc would be the best currency. __________________ Joe G. "Whisker Away" Glacier Bay 2665
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