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| Posted by | Message | Jibbajabba 
LSU Fan
Louisiana
Member since May 2011
1075 posts
 Online
| Investing in tangible goods (Posted on 11/24/12 at 5:53 pm)
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.
| | Back to top | Share on  | drewnbrla
LSU Fan
Baton Rouge
Member since Mar 2011
850 posts
| re: Investing in tangible goods (Posted on 11/24/12 at 8:04 pm to Jibbajabba)
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
| | Back to top | | foshizzle
LSU Fan
Member since Mar 2008
25143 posts
| re: Investing in tangible goods (Posted on 11/24/12 at 10:27 pm to Jibbajabba)
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.
| | Back to top | | drewnbrla
LSU Fan
Baton Rouge
Member since Mar 2011
850 posts
| re: Investing in tangible goods (Posted on 11/24/12 at 10:37 pm to foshizzle)
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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