Investing General Discussion

Rajaah

Rajaah

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Jackie Treehorn said:
Some other stuff I got today. When I was a kid I used to collect coins (for what that was worth, didn't have much money obviously,) so I find this stuff kinda fun in its own right, precious metals market aside.

A "novelty" 2 gram Heraeus Kinebar. The dealer also had a 100 gram version but it was nearing 6 grand.

Kinebar - Wikipedia

en.wikipedia.org en.wikipedia.org

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I got one silver Krug to go with the gold

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A silver maple to go along with my eventual purchase of a gold maple. Gotta say - these are really nifty coins. I've seen the gold ones in person too and they're honestly the best looking government issued gold coin out there in my opinion. My phone camera doesn't really do it justice, they look better in person. Only "problem" is if you will, they're .9999 gold so you can't really handle them much and have to be careful with them if you want to keep them unscratched and in good shape.

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Because I want one silver of all the major currencies just for collecting, I got one of the Austrian Wiener Philharmonics. I'm just not that into these. I find them very busy to look at even in person. I wouldn't buy one of these in gold.

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And now my stack as a whole, silver bars and all. Tomorrow (or maybe the next day) I've got some more single silver coins coming from various countries from JM Bullion.

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Those are pretty rad. I checked out JM Bullion and the prices are nuts for platinum coins, but man are they appealing. I'm in a silver mood and used to collect coins myself. Last coin I bought was a 2020 gold Trump dollar because I had a feeling they'd disappear off the face of the Earth within a few years.

Any suggestion on where to get a silver Morgan dollar in good condition at a good price? There are a ton of places selling them, just don't know who's reputable and non-fleecy. I've always wanted a Morgan dollar since I was a kid. Might as well get a Peace dollar while I'm at it. I should dig up my coin collection and make sure I didn't already acquire one of these and have a mental block about it. I think the other one I used to want was the Walking Liberty dollar, so I may grab that too.
 
sadris

sadris

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ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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Linked in politics thread. How can this be capitalized on?
 
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Borzak

Borzak

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Yeah I posted it. Not really sure. Besides the freeze expect more from oil lease retraction. Houston is the petrochemical capital and a LOT of stuff is a product of petroleum products. Just in Louisiana in the 90 river miles between Baton Rouge and New Orleans there are 75 chemical plants or refineries. It's going to filter down, the freeze just made it quicker and pointed out the problems with "just in time" logistics.
 
Sanrith Descartes

Sanrith Descartes

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LachiusTZ said:
I remember doubling my money on this...

It's down 12% today.

I liked it, but I think the fear mongering got to me.
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Exact same for me. I 2x my money and sold it. I like that it was profitable (not counting the carry-forward accounting) and I was waiting to see its results. I have an order to write some puts on it down at the $22.5 strike as I would mind being back in at that price range.

edit: deciding I liked the premium better at the $25 strike so I wrote that one instead.
 
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Sanrith Descartes

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On this date in history...

Borzak said:
Futures limited down.
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Sanrith Descartes said:
No more level 1 and 2 circuit breakers for today boys. Buckle up. I think this ride is about to get exciting.
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Picasso3 said:
Will the crazy guy still win the bet about Dow getting back to 28,000 in our lifetimes if a loaf of bread costs a hundred million?
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wormie said:
Crazy that 3% drop in the market feels like an ok outcome lol
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Blazin said:
yeah wife just came home and told her wasn't that bad of a day we only dropped 3-4% .

That is another down day with the vix dropping.
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Sanrith Descartes said:
At least we didn't limit down on the open. Baby steps.
Click to expand...
 
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Jackie Treehorn

Jackie Treehorn

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Lambourne said:
Krugerrands still dent if you drop them onto a tile floor, ask me how i know.

I'm really unsure how gold is going to do. On the face of it, you'd say it should surge because of all the money printing. However, people were saying the same thing 8-10 years ago with all the QE cycles, $2000+ gold and all that. Never happened, it dropped down and then went sideways for years. We didn't see the hyperinflation (or even particularly high inflation) that people were predicting back then too.
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Good to know! I’ll still be cautious with it, I just don’t feel bad about picking it up with my bare hands. 0.9999 gold I don’t want to touch / will keep in a plastic airtight.

I really don’t see anything spectacular happening with precious metals as far as some breakout in price. It’s less about that for me than some simple diversity and fun in collecting the coins. There’s a lot of quackery and misinformation surrounding silver in particular (people saying it’s gonna jump up to hundreds an ounce any day now) but from an industrial standpoint I do think it’ll rise more quickly than it has in the coming 5-20 years.

Speaking of I may eventually sell / trade my silver bars for more silver coins as they’re simply more interesting to me.
 
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Jackie Treehorn

Jackie Treehorn

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Rajaah said:
Those are pretty rad. I checked out JM Bullion and the prices are nuts for platinum coins, but man are they appealing. I'm in a silver mood and used to collect coins myself. Last coin I bought was a 2020 gold Trump dollar because I had a feeling they'd disappear off the face of the Earth within a few years.

Any suggestion on where to get a silver Morgan dollar in good condition at a good price? There are a ton of places selling them, just don't know who's reputable and non-fleecy. I've always wanted a Morgan dollar since I was a kid. Might as well get a Peace dollar while I'm at it. I should dig up my coin collection and make sure I didn't already acquire one of these and have a mental block about it. I think the other one I used to want was the Walking Liberty dollar, so I may grab that too.
Click to expand...

Premiums across the board are crazy right now.

My suggestion for the Morgan dollar is finding one at a local coin shop, or anything else for that matter. Everything about it is easier and less stressful and if you get to know them they’ll bring the premiums down some for you.
 
Pogi.G

Pogi.G

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Araysar said:
Booty Camp 2 airs tomorrow.

I really just like the stock.

This is not financial advice
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I have been on the fence about making a very small yolo play here for 10k shares, but at the same time, my gut is telling me that this thing is so diluted, it would be a biblical level miracle to ever see .01

Just my (probably very bad) 2 cents.
 
Sanrith Descartes

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Pogi.G said:
I have been on the fence about making a very small yolo play here for 10k shares, but at the same time, my gut is telling me that this thing is so diluted, it would be a biblical level miracle to ever see .01

Just my (probably very bad) 2 cents.
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Go to a strip club that features foxy boxing, have a few beers and toss around some singles. its cheaper and you will enjoy it more.
 
Borzak

Borzak

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It's okay, we'll just print a few trillion more.

finance.yahoo.com

$1.6 Trillion Gone: Nasdaq Stock Implosion Gets Ugly

Stocks in the Nasdaq 100, including technology giant Apple, consumer discretionary Tesla and Amazon, dropped roughly $1.6 trillion in value since the index's closing high this year on Feb.12. Worries about heating-up inflation are stoking a rally in 10-year Treasury yields.
finance.yahoo.com finance.yahoo.com


Stocks in the Nasdaq 100, including technology giant Apple, consumer discretionary Tesla and Amazon, dropped roughly $1.6 trillion in value since the index's closing high this year on Feb.12. Worries about heating-up inflation are stoking a rally in 10-year Treasury yields.
 
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LachiusTZ

LachiusTZ

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Sanrith Descartes said:
Go to a strip club that features foxy boxing, have a few beers and toss around some singles. its cheaper and you will enjoy it more.
Click to expand...

That's debatable...

A good stripper can get those hooks in and next thing you know your hoping to hide your cold sore at your bankruptcy hearing.

I learned the stripper lesson cheap, like 1200$. Considered that a win, since I didn't bleed out over decades like a lot of guys
 
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Ravishing

Ravishing

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March has been pretty rough, eh? :D

-1% on the indexes today.
I'm seeing very little green out there.
 
Rajaah

Rajaah

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Something I'm getting used to seeing: My stocks are red, red all the way down. LAZR is really fighting, though. It's the only one giving me consistent jumps into the green. Everything else is just...crashed from a month ago. Is this because of fears of inflation because of these stimulus bills, like I suspect it is? Whatever the case is, it makes me want to get out of stocks, fast. Waiting until 2021 to get into them was idiotic on my part. I missed the economic booms of the last few years and decided to jump in right at the tail end with not much to gain and a lot to lose. That said, the economy SHOULD be rebounding a lot soon as things reopen.

20210323_152802.jpg

Also, a lot of my things are SPACs hovering at NAV. I'm more concerned about the long-term stocks and their lack of appreciable gains.
 
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Sanrith Descartes

Sanrith Descartes

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Rajaah said:
Something I'm getting used to seeing: My stocks are red, red all the way down. LAZR is really fighting, though. It's the only one giving me consistent jumps into the green. Everything else is just...crashed from a month ago. Is this because of fears of inflation because of these stimulus bills, like I suspect it is? Whatever the case is, it makes me want to get out of stocks, fast. Waiting until 2021 to get into them was idiotic on my part. I missed the economic booms of the last few years and decided to jump in right at the tail end with not much to gain and a lot to lose. That said, the economy SHOULD be rebounding a lot soon as things reopen.

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Also, a lot of my things are SPACs hovering at NAV. I'm more concerned about the long-term stocks and their lack of appreciable gains.
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Long term investments shouldnt be sold because the market is having a hard time with inflation fears, the fed printing money or other shit. Markets go up and down. SPACs are a speculative investment so they are what they are. If seeing markets in red makes you want to so your long term stuff, then my best advice is dont look every day.
 
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