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Jibbajabba
LSU Fan
Louisiana
Member since May 2011
1357 posts

Investing in tangible goods


What is the MBs view on investing on tangible goods such as precious metals or stones (more metals)? I am thinking about going into gold/silver. I want something that I can put my hands on in case the dollar doesnt hold up in the future.

Thoughts?

Followup question:
Where is a solid place to watch gold/silver prices? Every website i find looks like a company that is selling gold/silver.







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drewnbrla
LSU Fan
The Dark Side of the Moon
Member since Mar 2011
2760 posts

re: Investing in tangible goods


quote:

Where is a solid place to watch gold/silver prices? Every website i find looks like a company that is selling gold/silver.


Kitco
to watch/track market values for metals
APMEX, Scottsdale or Sivertowne to buy.

If you're in Baton Rouge, I'd suggest Gold & Silver market in cityplace over Louisiana Gold & Coin on Sherwood (Higher premiums above spot but better values on Morgans & have more American Silver Eagle bullion coins in stock).

Just my opinion. Regardless, do your homework and read up on what you'll be dealing with (metal/coins).

But in the end, It all depends on what your focus and purposes for buying bullion or coins are.



This post was edited on 11/24 at 10:31 pm


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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
28593 posts

re: Investing in tangible goods


quote:

What is the MBs view on investing on tangible goods such as precious metals


Why not real estate? Isn't that tangible? Plus the interest on money you borrow is tax deductible.






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drewnbrla
LSU Fan
The Dark Side of the Moon
Member since Mar 2011
2760 posts

re: Investing in tangible goods


quote:

Why not real estate? Isn't that tangible? Plus the interest on money you borrow is tax deductible.


Because real estate is illiquid.






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