I took all my money out of Bank of America and put it in a local credit union. I have had the same financial advisor for years, but he is still asleep. I have tried to talk to him about the CBDC and he calls it "cryptocurrency" and says that its on "blockchain." That isnt true. So, I am sitting on a 1/4 million $ and cant get anyone to call me back. Ive tried Noble Gold and Gold Busters and Goldco. Im not interested in a MLM nor do i want to collect coins. I need a Fren who is in the business of what i need help with. Please.
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You need to buy things that are REAL. And you need to HOLD THEM, otherwise you don't OWN THEM.
If you're all stocked up on cars, houses, property etc., you should either get some rural land or precious metals. And I recommend a 75:1 price ratio, Silver:Gold. For every 75 ounces of silver, get an ounce of gold. This is roughly the current price ratio and the strategy most professional precious metals buyers use.
For many years I would have told you to buy American Silver Eagles (ASEs) or Constitutional "Junk" Pre-1964 dimes, quarters and half dollars. But this is the high quality preferred silver in the US and the premiums for both are ludicrous.
As such, silver rounds and 10-100oz bars are the way to go having the lowest premiums, by far, enabling you to get the most silver for your money.
As to gold, if you're in the USA, the premiums on American Gold Eagles (AGEs) and American Gold Buffaloes are within reason to other gold products so I'd stick with these "Legal Tender" coins in the US.
The 3 most reputable bullions dealers in the US are SD Bullion, APMEX and JM Bullion. I would highly recommend SD as they're the only big name player that does not hedge their customer purchases on the COMEX, pushing prices down. Plus, they usually have the most affordable prices on any given day.
https://sdbullion.com/silver/silver-rounds/1-oz-silver-rounds https://sdbullion.com/silver/silver-bars/100-oz-silver-bars (I like the RCM bar as its made by the Canadian sovereign mint. Carries a bit of a premium but probably worth it)
https://sdbullion.com/gold/american-gold-eagle-coins/1-oz-gold-eagle-coins
Stear clear of those guys advertising on TV. Their prices are always way higher than the online bullion dealers and they rip you off with various commission fees and such too.
Net-Net, with $250K you should be looking at roughly 4000-4500 ounces of silver and 60-70 ounces of gold.
Hope this helps.
Thanks for this info. I just whipped out the calculator and it looks like I'm at 85:1, so a little more sliver biased, but not too far off your guideline.
That's totally fine, as long as you're in the neighborhood. The ratio has been bouncing between 70:1 & 90:1 the past few years. It's like 78:1 today, so in this ballpark is ideal. You're on solid footing fellow stacker!