voytechs
Member
- Joined
- Sep 6, 2007
- Messages
- 2,247
We've talked about a bunch of stuff over past few months, lets discuss some specifics and concrete STOCK symbols etc.
Lets come up with a plan of: 25% times 4 redistribution of all my eggs: 25% foreign currency, 25% agricultural commodities, 25% silver/gold and 25% oil. In addition, also purchasing a bit of physical silver from salary on monthly basis.
1) Whats the best stock (not physical bars) to purchase for gold and silver: GLD and SLV? Or would a mining company stock be as good.
2) Any suggestions on agricultural commodities to buy: corn, wheat, soybeans? We need symbols.
#1 and #2 need to purchase those through normal exchange so they can't be through some obscure market, plus may be tell the pension manager exactly what to buy, the person can't do it himself/herself. So can't assume this is private money in the bank, could be a pension or a 401K. Lots of people have those.
3) I guess Oil is the best energy investment but what about heating oil or energy companies.
4) What about changing some US $ cash into Swiss franks at the local bank. This kind of holding is very liquid, can be turned into US $ in a single day by simply depositing it at the local bank.
Can Schwab or Etrade or other local broker convert dollars into foreign currency? We can't physically touch pension money or 401K and it has to be done through a broker. If someone is converting their saving account, then they can do it themselves at a local bank.
In addition we should all be buying physical silver bars from salary as extra funds become available. Of course, don't put yourself into debt. Don't try and leverage this, NO DEBT!!!!
Lastly, if pension or 401K is involved, where to roll it over. Is schwab or e-trade good enough, or should we all just give Peter Schiff's company the business and be done with it. He certainly is able to invest in local and foreign markets, commodities, etc...
Lets come up with a plan of: 25% times 4 redistribution of all my eggs: 25% foreign currency, 25% agricultural commodities, 25% silver/gold and 25% oil. In addition, also purchasing a bit of physical silver from salary on monthly basis.
1) Whats the best stock (not physical bars) to purchase for gold and silver: GLD and SLV? Or would a mining company stock be as good.
2) Any suggestions on agricultural commodities to buy: corn, wheat, soybeans? We need symbols.
#1 and #2 need to purchase those through normal exchange so they can't be through some obscure market, plus may be tell the pension manager exactly what to buy, the person can't do it himself/herself. So can't assume this is private money in the bank, could be a pension or a 401K. Lots of people have those.
3) I guess Oil is the best energy investment but what about heating oil or energy companies.
4) What about changing some US $ cash into Swiss franks at the local bank. This kind of holding is very liquid, can be turned into US $ in a single day by simply depositing it at the local bank.
Can Schwab or Etrade or other local broker convert dollars into foreign currency? We can't physically touch pension money or 401K and it has to be done through a broker. If someone is converting their saving account, then they can do it themselves at a local bank.
In addition we should all be buying physical silver bars from salary as extra funds become available. Of course, don't put yourself into debt. Don't try and leverage this, NO DEBT!!!!
Lastly, if pension or 401K is involved, where to roll it over. Is schwab or e-trade good enough, or should we all just give Peter Schiff's company the business and be done with it. He certainly is able to invest in local and foreign markets, commodities, etc...
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