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Just added $1000/mo. To my bottom line

97guns

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#1
someone might want to shoot me in the head but in the past month I've dumped off $72k in silver and threw it all to high yielding dividend ETF's and REITs, I put a portfolio of 8 issues together at 9k a piece with an average yield of 16.8%.

Don't know if the market will tank or if my stock picking skills will let me down but I got tired of the stagnant investment of silver, still keeping every oz of gold, just looking to have my money make me some money.
 

mayhem

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#2
someone might want to shoot me in the head but in the past month I've dumped off $72k in silver and threw it all to high yielding dividend ETF's and REITs, I put a portfolio of 8 issues together at 9k a piece with an average yield of 16.8%.

Don't know if the market will tank or if my stock picking skills will let me down but I got tired of the stagnant investment of silver, still keeping every oz of gold, just looking to have my money make me some money.
Smart move. I moved about 42k worth 6 months ago and did something similar but not quite the return you are seeing. Of course I left some behind just in case, but not much. Kept 1 $500 face quarters just for small stuff. Kept all the gold though.
 

the_shootist

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someone might want to shoot me in the head but in the past month I've dumped off $72k in silver and threw it all to high yielding dividend ETF's and REITs, I put a portfolio of 8 issues together at 9k a piece with an average yield of 16.8%.

Don't know if the market will tank or if my stock picking skills will let me down but I got tired of the stagnant investment of silver, still keeping every oz of gold, just looking to have my money make me some money.
Today's environment is like musical chairs....as long as the music keeps playing you can prance about. Once the music stops you had better have a plan to grab a seat!
 

michael59

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#5
So, yesterday I was setting up my coin purchase and the guy told me, asked really, anywhoo he told me I should consider platinum as it was out performing gold. Naw, I said: I am paying off some bills.

thing is what the guy said "Platinum is out performing gold." I so wish I had more to give, but it is what it is.
 

the_shootist

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So, yesterday I was setting up my coin purchase and the guy told me, asked really, anywhoo he told me I should consider platinum as it was out performing gold. Naw, I said: I am paying off some bills.

thing is what the guy said "Platinum is out performing gold." I so wish I had more to give, but it is what it is.
Gold and silver are the time tested PMs. Platinum may be in the mix but it's not for me! I'm not a gambler, I'm a 'parker'. I park my excess wealth in metals figuring most everyone else will lose theirs when the market crashes. My PMs are my last line of defense. They are my recovery plan and intended to be the SHTF plan Stan! They must retain their value at MINIMUM!. I'm not sure platinum will retain value in a SHTF scenario. Of course that's just me! Other folks think differently!
 

Usury

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97 I'm curious...where does one find a buyer at a decent price for that big of a deal? And how to get it there safely and not lose sleep at night?
 

michael59

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every time I do the chance thing I .....oh shit not going there. I do give my affirmative (k, dogs killing me here with scratching flea disruptions of pleasures outs side) F'n dogs...my time clock ticks on.
 

97guns

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97 I'm curious...where does one find a buyer at a decent price for that big of a deal? And how to get it there safely and not lose sleep at night?

I dumped 39k at a coin shop in Reno, I go there often and this shop usually has the best pricing. I sold the rest off to provident in 10-12k increments, around 700 oz at a time in a medium flat rate priority box, UNINSURED!
 

hammerhead

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That took some weight off. At today's spot price of 17 an ounce that would be 4235 ozs. How much of an initial investment was for the $72,000.00 would be the real question.

Nothing ventured, nothing gained.
 

michael59

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#11
That took some weight off. At today's spot price of 17 an ounce that would be 4235 ozs. How much of an initial investment was for the $72,000.00 would be the real question.

Nothing ventured, nothing gained.
K, I got a problem. I tried to purchase coin/gold-whatever with a debit/credit and was told NO. Check or Cash!

seems them cards are taxed on both sides by the BANK with kick backs to boot. drives the price up exponentially. There are other dealers who only accepted cash and no check.

Not saying it can not be done, just not by me.
 

JayDubya

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#12
I had to sell off just under 31K in silver to help out the wife's niece and new husband. probably still have about 4 to 4.5 K in paper leftover. hate to see it go, but for those two kids, I'd probably do it all again.

this first round wasnt so successful, guess we'll see how (and when) round two comes. whether it was a set of unfortunate extenuating circumstances or just a set of dumb luck inconvenient situations, remains to be seen.

If they want to try again I'll be here to help 'em out again. Maybe not to the same tune, but I'll be there to some degree. I think it's important for them to have a strong consistent base and something/someone they can rely on. I'll be glad to try and help, however, there will be expectations of some kind laid out.

Would rather have that money in something with investment potential. Hopefully those kids can use it to secure something for themselves. Be better yet if they could make something out of it and I can ask for it back with a modest gain attached to it, but I'll take just knowing that it was used wisely for a good purpose that helped set them up something better.


I can tell Im rambling a bit. Guess they Ambien is kicking in. Time to shut down for the night and take it to bed.
 

goldielox1

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#14
I dumped 39k at a coin shop in Reno, I go there often and this shop usually has the best pricing. I sold the rest off to provident in 10-12k increments, around 700 oz at a time in a medium flat rate priority box, UNINSURED!
Provident should be offering Ag generics at a big discount soon with all this inflow :belly laugh:
 

goldielox1

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I dumped 39k at a coin shop in Reno, I go there often and this shop usually has the best pricing. I sold the rest off to provident in 10-12k increments, around 700 oz at a time in a medium flat rate priority box, UNINSURED!
Dang if my math serves me that's what 50 pounds? I hope you didn't put "Provident Metals" on the label!

Did you do it "registered mail" or just "priority mail"?

I think if I sell by mail I would do via "registered" and uninsured also. I think that is pretty darn safe. And I wouldn't be sure that the insurance even covers metals if it were stolen.
 

Treasure Searcher

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#16
Dang if my math serves me that's what 50 pounds? I hope you didn't put "Provident Metals" on the label!

Did you do it "registered mail" or just "priority mail"?

I think if I sell by mail I would do via "registered" and uninsured also. I think that is pretty darn safe. And I wouldn't be sure that the insurance even covers metals if it were stolen.
Sending the metals Registered Mail is the way to go. The RM package is physically tracked from acceptance to the delivery.
 

97guns

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Dang if my math serves me that's what 50 pounds? I hope you didn't put "Provident Metals" on the label!

Did you do it "registered mail" or just "priority mail"?

I think if I sell by mail I would do via "registered" and uninsured also. I think that is pretty darn safe. And I wouldn't be sure that the insurance even covers metals if it were stolen.


Yep, around 50 pounds. sent regular priority mail with the $50 insurance that comes with it. I secure it really good though, boxes within the box and a crap load of tape.

Provident instructs you to address it as PM.
 

97guns

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I learned that 5 of the small priority boxes will fit perfectly into a medium sized priority box, each small box will hold 7 rolls for 700oz
 

gliddenralston

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#19
16.8% return is really pushing the risk factor, with stocks completely over bought, at record highs & ripe for a correction, keep a close eye.
 

97guns

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16.8% return is really pushing the risk factor, with stocks completely over bought, at record highs & ripe for a correction, keep a close eye.

My shipping habits alone shows the tolerance I have for risk
 

97guns

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#22
So what does the insurance cost on sending certified? Hey I am going to find out tomorrow anyways...well if I live that long.


I checked a few years ago and all I remember that it was more than I wanted to pay
 

Mujahideen

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#23
My philosophy is that ideally, one buys bullion only with passive income.

Gold and silver do not earn dividends. Spending your hard earned money on it is not efficient in the big picture.
 

97guns

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My philosophy is that ideally, one buys bullion only with passive income.

Gold and silver do not earn dividends. Spending your hard earned money on it is not efficient in the big picture.

My silver stash was purchased with my passive rental income, which in my eyes is free money, which makes it house money and I'm just pressing my bet
 

Goldhedge

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#25
$72k in silver! Wow! That's a few oz! Where'd you sell it?
 

EO 11110

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#26
if true, this will end in massive losses. there are few, if any, publicly traded issues that yield as described in op. and if there are any, they are close to bankruptcy - so the next market crash, or even correction, will bk some/all of them
 

97guns

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I stop my loss at 72k, I realize that loss if everything goes to zero and I in sound sight and mind acknowledge this
 

michael59

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Oh OK, I'll cross that bridge when I get to it and if it is a bad bridge I will burn that mo-fo down. luck with your endeavor though.

To me this metal has always been just metal, same as when I dug it out of the ground. But some people just beam when they see it..... you don't think there is something wrong with me do ya? Naw....
 

Joe King

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My shipping habits alone shows the tolerance I have for risk
I'll say. Good thing you didn't buy ins too, because even if you did and one or all of your pkgs had come up missing, they'd only have paid $15/pkg.

In other words, had your pkg went through the hands of a dishonest employee who recognized where it was going and what it likely contained, who decided to steal it, you'd have gotten screwed on the deal.

You can ship stuff however you want. I'm just making sure that you are aware of the fact that if a pkg shipped in the manner you described had come up missing, the maximum they'd pay on a claim is $15.
As long as one is aware of that fact going in, it's all good.


From USPS website about insurance claims

USPS payable claims.PNG



USPS payable Priorty claim.PNG
 

Usury

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#30
Joe, clearly if one was going to insure, you'd have to do it as registered mail.
 

Joe King

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Joe, clearly if one was going to insure, you'd have to do it as registered mail.
The way 97guns shipped, up to $50 in insurance is included in the price....unless when you try to file a claim you tell them it contained bullion or other negotiable instruments. Then you only get $15 no matter what the actual value is.
...and they will sell you all the insurance you want. whether they pay a claim on it is another story. Ie: you could pay to insure an empty box for $1000 if you want, but if they lose it they'll never pay on it unless you can prove to their satisfaction that the thing in the box actually had a real-World value of $1000.
 

goldielox1

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Yep, around 50 pounds. sent regular priority mail with the $50 insurance that comes with it. I secure it really good though, boxes within the box and a crap load of tape.

Provident instructs you to address it as PM.
Yes as others have pointed out, the $50 insurance was a waste of money. It covers nothing. Or do you mean that its included in the normal postage price? The insurance price on registered is pretty exhorbitant. Rather than pay that, I would just use the insurance money to pay for the gas to drive to a big dealer even if several states over.
 

dacrunch

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#34
high yielding dividend ETF's and REITs, I put a portfolio of 8 issues together at 9k a piece with an average yield of 16.8%.
Would you mind letting us know where you get such yields? It would be helpful to know the portfolio. Thanks in advance.

Selling house - downsizing - will have cash left over... to "place"... somewhere else than in a bank account or credit union.

I've had Gold/Silver & Mining ETFs for 15 years, all "in the red", btw...
 
Last edited:

nowon

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#35
Would you mind letting us know where you get such yields? It would be helpful to know the portfolio. Thanks in advance.

Selling house - downsizing - will have cash left over... to "place"... somewhere else than in a bank account or credit union.

I've had Gold/Silver & Mining ETFs for 15 years, all "in the red", btw...
fwiw, some mutual funds have YTD returns of over 30% (ex TCMPX and TIGAX). Realize that's not a stock, but....
 

dacrunch

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Thanks "nowon" - will look into it for sure!
 

97guns

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Some of my holdings are

AMZA
BDCL
CEFL
MORL
PER
WPG
 

EO 11110

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#38
high risk stuff, 2x leveraged etfs/etns. more suitable for short term trading. the things operate on shaky ground and are apt to get hammered if/when correction arrives - esp if real estate gets hit. just giving my risk assessment - no opinion on buy/sell
 

97guns

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Well since getting back into the market in October I’ve been having cold feet, i was quickly reminded why I got out of the stock market to begin with. I threw 1/2 of it to crypto a couple months back and this week I’m gonna dump the stock holdings and put it back into gold, the risk/reward isn’t there for my liking
 

southfork

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Was in some reits years ago, now at 67 have to play it safe , cant afford a meltdown when it comes. Best of luck. That being said was speaking to a realtor friend Saturday, seems most of the old timers think another bubble is here and its only a matter of time before the bottom drops, oddly enough a few weeks back i was speaking to an owner of a large AC firm and he echoed the same sentiments