All Forum Posts by: Danny Webber

We dabbled back in the days of $7/oz silver etc & actually sold it off to buy more properties. All of which have exceeded any return that holding Ag/Au would have since achieved. However, we have a family member still waiting for silver to pass the $50/oz he bought in at & insisted many family members should jump on. Unfortunately many of them did but we declined. Since then he has methodically sent us emails prothesizing the impending rise of Ag/Au.

This same family member has told us for 20+ years that we will go broke being 100% REI. Meanwhile he's sending out resumes @ 65 yet we retired in the 90's.

Holding the physical metal in a safe would be the only way I would go. However, the intrinsic Global manipulation of precious metal market(s) leaves me skeptical of any sustained rise above $50/oz in my life-time.

Agreed, these assets are not primary investments but secondary. 80% of your portfolio needs to pay you to own it. IE Dividend stocks, RE, etc. 

All the education programs have certainly put more people into multi-family, which has probably driven up competition, and prices. But, if these programs are teaching their students how to underwrite properly, AND they choose to stick to the teachings, perhaps it keeps them from being the "dumb money," and paying too much. What I mean is, if they were pursuing the same deals without a mentor, then they might be paying even more, driving up market prices even further. It's hard to really know for sure. Any comments about the overall effects are just opinions.