All Forum Posts by: Josh Green
Josh Green has started 17 posts and replied 820 times.
Post: Guess who is coming to town!!
- Financial Advisor
- Tampa Area, FL
- Posts 956
- Votes 214
Originally posted by Mr_Investor:
I couldn't stand him on FTH. Thought he was very arrogant and rude. He at one point treated his wife like crap on TV as well.
I wouldn't trust him to walk my dog much less trust him with REI advice.
so just like the 'rich dad' seminars
Post: How do you buy silver?
- Financial Advisor
- Tampa Area, FL
- Posts 956
- Votes 214
'GLD' had a good day (up 1.70%) and up another .15% after hours.
SLV was down today but nothing too bad. we shall see what monday brings!
Post: Divorce with 2 properties
- Financial Advisor
- Tampa Area, FL
- Posts 956
- Votes 214
sorry you are going through this...
why would the bank be forgiving if u have a 'large chunk of savings' ?
Post: Is this my only shot?
- Financial Advisor
- Tampa Area, FL
- Posts 956
- Votes 214
I offer those to by brokerage clients. (the secured line). Their investments stay in the investments (still getting the market exposure) and I give them a line against those at right about prime rate.
Post: Vertical blinds
- Financial Advisor
- Tampa Area, FL
- Posts 956
- Votes 214
Originally posted by Zach Sikes:
2" white faux wood blinds can often be cheaper than the aluminum mini blinds. The vinyl mini blinds just break too easily.
My advice is to do 2" faux woods on all windows with NO tilt wands. Use string tilters. Often the same price, but last longer.
i'd love to hear of some other options...i aven't been able to find any.
Post: Man got arrested for posing as "Landlord" and leased foreclosed homes!
- Financial Advisor
- Tampa Area, FL
- Posts 956
- Votes 214
this has been happening a lot in my area
Post: Vertical blinds
- Financial Advisor
- Tampa Area, FL
- Posts 956
- Votes 214
your logic makes sense. i think they are tacky as hell though...lol
Post: How do you buy silver?
- Financial Advisor
- Tampa Area, FL
- Posts 956
- Votes 214
Originally posted by Matty M:
Originally posted by Josh Green:
not sure where you heard the info about not being able to deliver. i'd be interested in seeing that. all analyst reports that i've read including the fund reports state that the physical bullion is held directly in the vault. with that being said, delivery 'shouldn't' be an issue, though, again, its etf investing against a physical security and not investing in a physical security.
commodity and currency investing is not for the faint of heart. i certainly wouldn't advise anyone in investing the farm in it though, it may hold a place in a properly diversified portfolio.
also, the only clients that i have that hold it physically are a few coin dealer clients. shipping, storage, security, etc can def eat up a lot of costs and i am not an advocate of holding large amounts in hand.
i had 1 client who wanted to invest a 'sizeable amount' of money into gold and wanted physical bullion. i asked him what a 'sizeable amount' was and he said 5-10k lol. i told him that at $1500 an ounce, he wouldn't get much. infact, i compared it to the 16oz steak that he orders. he woudn't even own half the weight in gold. it was pretty eye opening for him.
I just looked up the source for that. It was nothing but a rumor in started in a comments thread on yahoo finance. Basically an anonymous poster is claiming he was paid 70% over spot because SLV could not deliver.
Given the context I do not lend much credence to that statement.
However, there endless articles on sites like zerohedge.com about price suppression through comex, and the likely hood of a comex default if physical was requested for enough contracts. These are opinions of many including the leader of Gata. I believe Jim Rogers and also Peter Schiff.
Another way to look at is this: Last week, why would Texas University take delivery of 1 billion in gold bars when they could just hold GLD ?
Answer: According to zerohedge TU firmly believes comex can't deliver.
http://www.cnbc.com/id/42682491
"It really isn't for everyone. We had gotten to a size and our thought was that we probably will have our position for a longer, as opposed to shorter term, although we could sell at anytime."
"But rather than continuously roll the futures contracts, it just became easier and more economically for us to take possession of the bullion," he explained.
Post: LLC loan question
- Financial Advisor
- Tampa Area, FL
- Posts 956
- Votes 214
it could possibly trigger a clause in the mortgage that 'could' deamnd payment in full. many people have done exactly what you are suggesting without any issues, however, the risk IS there.
Post: How do you buy silver?
- Financial Advisor
- Tampa Area, FL
- Posts 956
- Votes 214
matty,
not sure where you heard the info about not being able to deliver. i'd be interested in seeing that. all analyst reports that i've read including the fund reports state that the physical bullion is held directly in the vault. with that being said, delivery 'shouldn't' be an issue, though, again, its etf investing against a physical security and not investing in a physical security.
commodity and currency investing is not for the faint of heart. i certainly wouldn't advise anyone in investing the farm in it though, it may hold a place in a properly diversified portfolio.
also, the only clients that i have that hold it physically are a few coin dealer clients. shipping, storage, security, etc can def eat up a lot of costs and i am not an advocate of holding large amounts in hand.
i had 1 client who wanted to invest a 'sizeable amount' of money into gold and wanted physical bullion. i asked him what a 'sizeable amount' was and he said 5-10k lol. i told him that at $1500 an ounce, he wouldn't get much. infact, i compared it to the 16oz steak that he orders. he woudn't even own half the weight in gold. it was pretty eye opening for him.