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07-16-2007, 04:41 AM | #1 |
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Precious Metals
A question for the financial guys (or gals) on the board. I was told I should have between five and ten percent of my assets in gold or other precious metals (but preferably gold). Is this sound advice? Ten percent seems like a lot. If it is good advice, what is the best way to accomplish this? Is it better to buy bullion or invest in gold stocks?
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07-16-2007, 02:49 PM | #2 | |
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07-16-2007, 02:55 PM | #3 | |
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07-16-2007, 03:16 PM | #4 |
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on a side note, i read today that Jerry Jones, bought up futures in the scrap metal industry, before he started construction on the Cowboys new stadium so that it would be worth more.
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07-16-2007, 03:26 PM | #5 |
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I don't know the specifics of this, but more likely he manipulated a scrap metal futures transaction to lock in a price, or hedge against future fluctuations. This was the reason the futures market was created--to help lower risk for farmers.
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07-17-2007, 12:35 AM | #6 | |
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07-17-2007, 01:14 AM | #7 |
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Thanks guys. I've decided against the five or ten percent, but decided to buy 100 ounces of silver just for fun. Silver is super volatile so it will be fun to watch it go up and down. I'm buying it in the form of 1 ounce rounds. Here is a photo:
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03-08-2008, 05:25 AM | #8 |
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I'm wishing I would have bought more. Silver is up almost 8 dollars per ounce since I bought it. The dollar is in serious trouble.
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03-13-2008, 09:09 PM | #9 |
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My bro in law was just barely in my office saying that the silver he bought 4 months ago is now worth $1500 more.
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03-13-2008, 09:22 PM | #10 | |
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The china my wife (and her mom and grandma) picked out for our wedding has either silver or gold in it. I'm not sure, as I rarely look at it. We never use it; it just sits in the hutch for other people (meaning my wife's visiting teachers) to admire. Perhaps I should break all of the dishes to collect and melt it into one small blob?
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