any financial gurus?

[stony2]

i use 10x leveraged silver CFDs.. of course you cant invest all you have in your account because if you do you'll very soon learn what a margin call is.. and imo you should use highly leveraged investment vehicles only if you are very clear on the current state of the market and what the possible downside is.. oh and dont gamble, just buy the precious metals on dips and hold long

yes i believe there will be a slight correction (maybe 1$ or so) in the near term, because all of the rise happened on the COMEX and that's where the fed and their agents aka jp morgan play the paper manipulation game, and those guys love to create volatility to shake weak hands out of the markets


greetz
stony

 

[Greenthumbz24o]

Not sure if its been mentioned but the book Rich Dad Poor Dad by Robert T. Kiyosaki is a good read. It wont tell you exactly what to do with your money but it does teach you a decent amount about personal finance and the way to make your money work for you. Plus it is suprisingly enjoyable to read.

 

[supermanlives]

Invest in waffles. tasty tasty waffles.

waffles aint worth much without syrup.

 

[McDanger]

I notice you mentioned "limited funds". There have been a lot of good ideas put out here by people a lot better at it than me. But you can buy a 1oz silver maple leaf coin online, delivered to your house for about $50 or less. Or get it at a local coin dealer for less than that. In my opinion your best investment is paying off any debt you are paying interest on first.

 

[ibjamming]

I notice you mentioned "limited funds". There have been a lot of good ideas put out here by people a lot better at it than me. But you can buy a 1oz silver maple leaf coin online, delivered to your house for about $50 or less. Or get it at a local coin dealer for less than that. In my opinion your best investment is paying off any debt you are paying interest on first.

You can get 1oz silver rounds for less than $2 over spot at www.apmex.com they're usually the cheapest and they're quick. Look at the Christmas ornaments...they were like $1.49 over spot...like $30-31 each. The coins are usually at least $5 more...usually more than that.

 

[siddhartha]

Wow, I love this site!

 

[siddhartha]

Can we get a bunch of people together and manipulate a few penny stocks?
My real question is how do I get my cash into a bank account so i can put it to work? ya, i can make a deposit less then $9,999 and be fine but that is really not that much money. How many times can i do that with out it being a problem?
Sidd

 

[Sam the Caveman]

I wouldn't make any cash deposits over $2000 and preferably less than $1000

 

[SpasticGramps]

jp morgan play the paper manipulation game, and those guys love to create volatility to shake weak hands out of the markets


greetz
stony

Have you see this video?

Artist Impression of JP Morgan CEO when Silver trades for $500/ounce

I heard JP Morgan was having to unwind some of that? I dunno if we will ever see it, but I've been putting away physical silver for a while. I forgot what the average ratio for silver to gold was, but it's way off what it normally is. Lots of upside after fiat craps out.

 

[BabyHuey]

My real question is how do I get my cash into a bank account so i can put it to work? ya, i can make a deposit less then $9,999 and be fine but that is really not that much money. How many times can i do that with out it being a problem?
Sidd

I don't know if you are serious?
Be aware there is a form called SAR (suspicious activity report)
for transactions over $5K thought to be avoiding the
$10k CTR (cash transaction report). Also be aware that
other businesses have even lower $ limits for filing SAR paperwork.


FWIW

 

[Molson]

Can we get a bunch of people together and manipulate a few penny stocks?
My real question is how do I get my cash into a bank account so i can put it to work? ya, i can make a deposit less then $9,999 and be fine but that is really not that much money. How many times can i do that with out it being a problem?
Sidd

Uh... your deposits match your declared income? That's how you do it. I don't see what the problem is. Businesses/individuals connected to businesses make deposits >10k errrrday.

You don't bank 90k and declare 50k for the year. That's down right retarded.

 

[dmt]

as a young adult in today's world, the current economic status is overwhelming to say the least. Banks seem no more reliable than a wad hidden under the mattress, investing in commodities such as gold or even glancing at the stock market is intimidating. I guess my question for all the financially savvy stoners out there is, at 20 years old, in today's economy, what would you do with your very limited funds to best ensure yourself some level of financial security?

buy silver. d

 

[fisheye]

thanks for all the responses!! this is really helpful, i appreciate it guys.

buy silver. d

from where? I've done a little reading on investing in silver, but where's my money best spent (coins, bars, stock, ect)? thanks!

 

[SuperSizeMe]

thanks for all the responses!! this is really helpful, i appreciate it guys.

from where? I've done a little reading on investing in silver, but where's my money best spent (coins, bars, stock, ect)? thanks!

Local guy if you can find one doing par over spot, otherwise look here:

 

[dmt]

i would say coins god forbid theres some financial meltdown all the coins are pre wieghes and ready to spend, d

 

[itisme]

Buy SILVER. Get American Silver Eagle 1oz coins. Highly lighed and poised to skyrocket! MUCH CHEAPER THAN GOLD. Buy Real Estate not to resell but rent and make an immediate profit each month or it is not worth buying right now.

 

[Greenstar420]

buy silver. d

Yep. This!

 

[stony2]

Have you see this video?

Artist Impression of JP Morgan CEO when Silver trades for $500/ounce

I heard JP Morgan was having to unwind some of that? I dunno if we will ever see it, but I've been putting away physical silver for a while. I forgot what the average ratio for silver to gold was, but it's way off what it normally is. Lots of upside after fiat craps out.

actually they have already covered a lot of their shorts, which contributed to the recent massive price gains. pink line is price, blue line is short positions (inverse scale):

still a lot more to cover though til when position limits get enacted

source: gotgoldreport.com, CFTC commitment of traders report


greetz
stony

 

[qwerty]

All this is really good to learn, are there any forums any of you use?

 

[stony2]

the last 2, 3 days showed again - you dont short the precious metals


greetz
stony