Home Forums Hunting & Shooting Hunter's Campfire Gold & Silver: Investment or Tin-Foil Tomfoolery

I like your general idea. I don't think oil's bottomed quite yet, but it's creating a nice opportunity.

I've been buying XOM at $100 per month through a DRIP for over 35 years and have accumulated a nice position in oil as a result.

I agree that now is the time to be buying oil and the drillers.

Also been buying HSY and have been doing quite well with chocolate of all things.

If so, that would make you one of the world's great money managers!

No interest in gold/silver here. Am currently expanding my position in oil/gas stocks. I could care less if I catch the bottom.

Scored good on Kinder Morgan Partners this last year. They just restructured and gave me shares of KMI and cash in exchange for my shares. Really no interest in selling, and I'll let my investment ride for a few decades to see what they can make happen.

Star Gas was also very kind to me. I love oil/gas stocks.

Not really! I have very little cash, just what I need to live on. Investing is quite a long term effort for me. 12% return is quite average, most successful professional investors average 30% or more. I invest only in dividend paying stocks. Some oil and gas pipeline stocks pay dividends of 8%, so investing those dividends along with investment of short and long term capital gains in a DRIP that's inside a 401(k) can get very nice gains with no taxes.

love dividend checks from good companies

and what's not certain? the world we live in, it's what makes it interesting.

12% is fantastic over 30 years in my book Ed, nicely done


stocks have been the best ROI of any investment (well sans our own businesses, those have done very well for us)

RE we own is only about 6.5% ROI for us

and while I have no interest in gold/silver currently, I'm still glad to have bought some financial insurance when it was a bargain basement deal. Just gives me the warm fuzzies along with some cash reserves, .22 ammo, good supply of food and a hidey hole we recreate at.

tis what I love about America, you buy the hunting gear that makes you happy and invest and insure the same way.


wish everyone well in making a buck, this life has been so good to us.

It's a really cool system we have set up. Sitting up here in tiny town AK I can buy shares in offshore drilling companies, pipeline companies, buy bonds for the NJ turnpike, etc.. Love it. The internet puts all the info you need a few keystrokes away.

oh Calvin you have no idea, I'm an old phart, used to have to subscribe to investment periodicals and newsletters and I remember when we got Monday night football on Tuesday here after they flew up the game tape! lol, the good old days

now with the touch of a few keystrokes, we have more and better info available to us than most of the guys on Wall St. did a few years ago.

just one of many ways puters have changed our lives

Ed, I am a professional and have been for a long time, but I am trader. Most professional money managers who are running retirement money do not average 30% a year. Do some research please. Most are not able to even beat index funds (the market), which last time I looked averaged about 8% a year over the LONG term. They have a good year here and there sure, but I assure you, it is a very rare bird that averages 12% for 30 years. That is simply extraordinary in the conservative retirement investing world. If you could prove that record, Goldman Sachs would be beating down your door with job offers.

OK. You keep buying gold.

Ed, in a nice, polite way he is telling you that your supposed return rate is BS. I agree.

Even Ramsey says 12%..

That makes great sense to me. In case anyone didn't notice, we are in a currency war at the moment. As the outcome depends on politics, nobody really know how it will turn out -- especially with the USG so screwed up.

IMO, two things are clear. Gold and silver are good as a hedge and in case of a major disaster. (Some other collectibles are rock solid for appreciation but not for insurance like them.) Most say stick to well below 15%, though.

Second, in all the world, the US is the one place to invest, for reasons we can discuss. Every place else is more risky. There are very good reasons why profits might be higher elsewhere. That is my own strategy and advice to others.

Just wanted to say thanks to for everyone's input. As I continue learning about this, I find such discussions interesting.

I like silver and gold. I started buying back in 2008 when silver was in the $9-$11 range. I cut back on buying when it made its rise and only bought a few limited run things. A few weeks ago when it hit under $15 one Sunday night I put in my first decent sized order in the last 5 years. I just look at it as insurance and something I enjoy.

Most of my spare change the last few years has been spent on rental homes. I purchased 4 while prices were down and rates were good. I need to do a bit more with stocks I just worry that the stock market is the next bubble to break. All that money that's being printed looks like it's going right into the market. I have a decent 401 that I just parked in a money market account. I hate being on the sidelines but I think low oil prices might make Russia or Iran do something stupid.

Bb

Everyone who follows the news knows that OPEC strong-armed its weaker members to play along with the lower prices and high production to hurt US fracking over the short term.

It will, but it is hurting those weaker members more. The US has plenty of frackers with low cost of capital. Sure, some are hurting but the strategy likely will fail. We'll see what happens then.