huynhhh Posted March 24, 2015 Share Posted March 24, 2015 Not sure if this is the right place to post, or if there even is a place to post this sorta thing (just delete this post if there isn't, no big deal) but have any of you vendors thought about investing in gold as a savings? I know some of you guys invest in machines knowing you can sell them for $$ one day.. I bought my first ounce of gold awhile ago.. And I'm selling my route soon (still debating.. I love vending) and was wondering what I should do with the extra $$.. Link to comment Share on other sites More sharing options...
CajunCandy Posted March 24, 2015 Share Posted March 24, 2015 Give it to me! I'll invest it and make a killing! Ocean front property next to moondawg! I'll buy my island back! Move to New Zealand and work with the TVF football champion. I hear he has some big time BIL. Buy and flip houses. cajun Link to comment Share on other sites More sharing options...
musser Posted March 24, 2015 Share Posted March 24, 2015 Raw land as near to any Midwest big city, it's cheaper than the sand belt and the Midwest has water Link to comment Share on other sites More sharing options...
moondog Posted March 24, 2015 Share Posted March 24, 2015 Give it to me! I'll invest it and make a killing! Ocean front property next to moondawg! I'll buy my island back! Move to New Zealand and work with the TVF football champion. I hear he has some big time BIL. Buy and flip houses. cajun DO NOT give the Cajun any money - oh sure ..... he'll get you some water front land alright only some days it'll be on all four sides Link to comment Share on other sites More sharing options...
jmac Posted March 24, 2015 Share Posted March 24, 2015 Gold has peaked and seems to be on its way down. It would have been a great investment to buy 10 years ago, hold on to it, and sell it at its peak. IMO now is not the right time to buy. I bought some silver a few years back for fun, and it is worth alot less now, than when I purchased it. There are investments out there, that over time will give a 8-12% rate of return with significantly lower risk. Thats where my money is invested. I wish you luck, if you do buy some. Im by no means an expert, but my wife us a financial advisor, so I know a fair bit about investing Link to comment Share on other sites More sharing options...
BlindVending Posted March 24, 2015 Share Posted March 24, 2015 Probably shouldn't post this but ah well wife and I began buying tubes of silver 6 years ago. Have a nice loot of it stashed away. Current numbers show our purchases totalling $22,550 with a sell rate right now of $31,000. Silver is projected to more than triple in the next 10 years. Screw a RSP silver is it for us Link to comment Share on other sites More sharing options...
huynhhh Posted March 24, 2015 Author Share Posted March 24, 2015 Probably shouldn't post this but ah well wife and I began buying tubes of silver 6 years ago. Have a nice loot of it stashed away. Current numbers show our purchases totalling $22,550 with a sell rate right now of $31,000. Silver is projected to more than triple in the next 10 years. Screw a RSP silver is it for us Silver is like 22 an ounce ish in CAD do you think it'll be shooting up like gold did awhile back? I think I recall seeing it at 40 and ounce or something 20 years ago Link to comment Share on other sites More sharing options...
BlindVending Posted March 24, 2015 Share Posted March 24, 2015 Silver is like 22 an ounce ish in CAD do you think it'll be shooting up like gold did awhile back? I think I recall seeing it at 40 and ounce or something 20 years ago I'm banking pretty heavily on it. Link to comment Share on other sites More sharing options...
musser Posted March 24, 2015 Share Posted March 24, 2015 Don't bank on anything you can't control. Link to comment Share on other sites More sharing options...
BlindVending Posted March 24, 2015 Share Posted March 24, 2015 I can control how much % of my liquid assets I invest. Vending is pretty uncontrollable at times but hey we all are here right. I have a solid day job with a pension plan so it's not like all my eggs are in 1 basket. Link to comment Share on other sites More sharing options...
huynhhh Posted March 24, 2015 Author Share Posted March 24, 2015 Gold has peaked and seems to be on its way down. It would have been a great investment to buy 10 years ago, hold on to it, and sell it at its peak. IMO now is not the right time to buy. I bought some silver a few years back for fun, and it is worth alot less now, than when I purchased it. There are investments out there, that over time will give a 8-12% rate of return with significantly lower risk. Thats where my money is invested. I wish you luck, if you do buy some. Im by no means an expert, but my wife us a financial advisor, so I know a fair bit about investing I've read articles of gold investors saying that there is no good or bad time to buy gold if you intention is to have it as a keep safe of your assets, since cash value fluctuates.. What do you think about that? Just trying to get different opinions.. Can't believe what everyone says.. Link to comment Share on other sites More sharing options...
HustliN Posted March 25, 2015 Share Posted March 25, 2015 Gold long term next 2-5 years is an excellent investment. However I think this next 6 months to a year it may drop some more. Look for its low to be around $1,000 with a High of say like $1,400. Silver has a better outlook as its ~$16 an ounce right now. However its physically heavier to store and much more volatile. If you guys need general knowledge about gold and silver shoot me a PM. I run an eBay store that sells gold and silver. Mainly specializing in collectible silver coins I will be glad to trade it for some vending tips! Link to comment Share on other sites More sharing options...
The Mage Posted March 25, 2015 Share Posted March 25, 2015 I am not a fan of "investing" in gold, or silver. What exactly does gold do? It just sits there taking up space, while you hope it goes up in value. And there is the possibility somebody will find a rich vein of gold, increasing the supply, causing the price to plunge. Raw land is even worse, it "eats". By that I mean you have to pay taxes on it, so the value would have to increase to not only beat inflation, (I believe 3.22% is the average over the past 20 years,) but now you need to overcome yearly taxes too. There are tax benefits to developed land. The first thing I would do is pay off credit card debt. Often 16 to 20%, and you don't pay tax on money you saved. The basics of investing are stocks and real estate. Stocks: day trading is not investing. It's possible to make money day trading, but extremely rare, and then you still have to overcome the difference between short term and long term tax. An index fund beats most mutual funds, even more when you take into account the low costs and fees compared to a managed fund. But there is an exchange traded fund (can't remember what it's called,) that strips out the stocks of the S&P that do not pay a dividend, and it beats the basic index fund.Now if your willing to work at it, and learn from people like Buffett, you can beat the market regularly without the risk. Real estate: This requires more research, but with intelligence, and leverage, you can make a killing. If you buy right, you end up with a profit of equity from day one, then leasing the property creates an income, the tenant paying down the mortgage increases that equity further, and tax benefits can make it a low to no taxed income, possibly even a tax deduction on your other income. Then you 1031 exchange the property into another, and defer the taxes you would have paid on the sale. Link to comment Share on other sites More sharing options...
HustliN Posted March 26, 2015 Share Posted March 26, 2015 I've read articles of gold investors saying that there is no good or bad time to buy gold if you intention is to have it as a keep safe of your assets, since cash value fluctuates.. What do you think about that? Just trying to get different opinions.. Can't believe what everyone says.. Gold is a great way to PROTECT your assets and buying power. IMO if you use it this way its the best way to use Gold as an investment. For example. Your are older and you want to PROTECT your current purchasing power in the future 5-10 years down the road and you currently have some extra cash. Its a real great method, Much better than leaving cash in the bank collecting interest. However as investment. I believe their are possibly other better investments out there. But gold has its great advantages. I think everyone should have a little as its quite liquid and does protect your assets. Link to comment Share on other sites More sharing options...
moondog Posted March 26, 2015 Share Posted March 26, 2015 I've read articles of gold investors saying that there is no good or bad time to buy gold if you intention is to have it as a keep safe of your assets, since cash value fluctuates.. What do you think about that? Just trying to get different opinions.. Can't believe what everyone says.. Personally. I invest in beer. Now I fully realize that while this is not a mainstream investment strategy, it is cheaper than most of those other things I probably would get involved with. Sometimes it takes money to save money Link to comment Share on other sites More sharing options...
caserri Posted March 26, 2015 Share Posted March 26, 2015 Invest in guns & ammo. It's the only thing that will matter when the SHTF. Link to comment Share on other sites More sharing options...
huynhhh Posted March 26, 2015 Author Share Posted March 26, 2015 Invest in guns & ammo. It's the only thing that will matter when the SHTF. I live in good ol' Canada Link to comment Share on other sites More sharing options...
rodney69 Posted March 27, 2015 Share Posted March 27, 2015 Last time I checked, buying gold, silver or any metal for that matter is best bought when the economy is at it's peak and the dollar is at it's best. Then metals are low. That's the time to buy, not coming off a recession by only a couple years. We have awhile before it's time to buy. Then when the economy crashes or resets again in about 10 years, that's the time to sell and stash the cash. Invest in guns & ammo. It's the only thing that will matter when the SHTF. This is the one true investment that will last and save your life! Keep an extra 1000 or more rounds somewhere dry with 2 oiled weapons, one hand gun and one rifle! also keep a bow! If it doesn't go bad before our times up, then you still can protect your kids with what you leave! Link to comment Share on other sites More sharing options...
moondog Posted March 27, 2015 Share Posted March 27, 2015 Last time I checked, buying gold, silver or any metal for that matter is best bought when the economy is at it's peak and the dollar is at it's best. Then metals are low. That's the time to buy, not coming off a recession by only a couple years. We have awhile before it's time to buy. Then when the economy crashes or resets again in about 10 years, that's the time to sell and stash the cash. This is the one true investment that will last and save your life! Keep an extra 1000 or more rounds somewhere dry with 2 oiled weapons, one hand gun and one rifle! also keep a bow! If it doesn't go bad before our times up, then you still can protect your kids with what you leave! Yes Rodney, that bow will come in handy just to make sure everything is dead after you run out of ammo Link to comment Share on other sites More sharing options...
huynhhh Posted March 27, 2015 Author Share Posted March 27, 2015 Last time I checked, buying gold, silver or any metal for that matter is best bought when the economy is at it's peak and the dollar is at it's best. Then metals are low. That's the time to buy, not coming off a recession by only a couple years. We have awhile before it's time to buy. Then when the economy crashes or resets again in about 10 years, that's the time to sell and stash the cash. So tell me when will your country pay back all the debt you all owe to make the economy better hahaha, I'm gonna take up silver.. It slowly increases but I suppose it's a safer bet for someone like me with such low capital to begin with.. Link to comment Share on other sites More sharing options...
moondog Posted March 27, 2015 Share Posted March 27, 2015 So tell me when will your country pay back all the debt you all owe to make the economy better hahaha, I'm gonna take up silver.. It slowly increases but I suppose it's a safer bet for someone like me with such low capital to begin with.. I expect our debt will be paid back when we stop trying to solve all the worlds problems which were mostly created with the demise of the British Empire - I figure you Canuks have had your share of cleaning up that mess as well. Link to comment Share on other sites More sharing options...
musser Posted March 27, 2015 Share Posted March 27, 2015 The debt debate has gone on forever. The only time the country was debt free I believe was during the Andrew Jackson Presidency. But as far as the economy getting better, how silly. Exactly what will drive job creation? Our politicians will never say this but really with the rise of automation and now the dawn of artificial intelligence who needs people? The days of factories crammed full of machine tools operated by skilled machinist is long gone. I have seen ( indeed installed) machine centers that took the place of hundreds of workers. The few people left were low skilled low paid loaders and unloaders. This is the case everywhere, factory, office, retail. Every time I see some use a self checkout kiosk I think "now there is a truly clueless human being". Link to comment Share on other sites More sharing options...
rodney69 Posted March 27, 2015 Share Posted March 27, 2015 The debt debate has gone on forever. The only time the country was debt free I believe was during the Andrew Jackson Presidency. But as far as the economy getting better, how silly. Exactly what will drive job creation? Our politicians will never say this but really with the rise of automation and now the dawn of artificial intelligence who needs people? The days of factories crammed full of machine tools operated by skilled machinist is long gone. I have seen ( indeed installed) machine centers that took the place of hundreds of workers. The few people left were low skilled low paid loaders and unloaders. This is the case everywhere, factory, office, retail. Every time I see some use a self checkout kiosk I think "now there is a truly clueless human being". absolutely, the problem is they will make it look better because the bigger businesses will be making more money. The economy on our view point will never get better, but the market will react like it is. Not nearly like it used to, but this is all a guess just from watching it. I am far from a pro at it. Link to comment Share on other sites More sharing options...
TWvend Posted March 28, 2015 Share Posted March 28, 2015 huynhhh ......you want to know if you should buy gold , or what to do with the extra $$$ from the sale of your route? One persons actions can seriously effect the price of gold or silver one way or another. Silver was 40 an ounce around 33 months ago, now its 17 . Risky IMO . The world is too crazy to invest in anything. Look at where oil was 9 months ago compared to now. Sit on your cash and you will always have it. Link to comment Share on other sites More sharing options...
musser Posted March 28, 2015 Share Posted March 28, 2015 We live in s crazy country. I realize we all sell imported goods but that is a situation artificially created by those beyond out control. Free trade, what a hoax, before the income tax how did the U.S. government get its money? Tariffs! Not to say there were no problems, there was tremendous graft in tariff houses. The civil service system arose from the reform of the spoils system. But oh no! We can't have trade protection its unamerican! What s bunch of maroons we are. As soon as we defeated the British WE imposed tariffs and survived quite well with them for the next century and a quarter. Link to comment Share on other sites More sharing options...
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