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Looks like an old long thread so I'm not going to read all 30 pages, forgive me if asked/discussed before.  Those here that are good with investments, how do you feel about precious metals/coins?  I'm curious as I have over the years picked up a lot of silver/gold coins and a lot of bullion.  Does anyone use these? (As well as some art)  I try to use silver bullion as an investment stabilizer of sorts.  While it does not go down much when the market is increasing in value, it goes up, albeit not a lot, but goes up a small bit when the market kicks me in the groin like is has the past few months.  I find it strange (weird?) that bullion always does the opposite of the market, ie down when stocks are up and up when stocks are down.  Right now, even with silver prices up a little, I believe it is a pretty good value with lots of potential, but like stocks/casino, it's a gamble.

Of those of you that are full time, do you invest in these and do you take with you or leave in bank?  Just curious, don't have to say if worried about safety.    I store mine in a bank safe deposit box so it is safe from theft, unless the bank would fail.

Oh, and just a note, I think those TV hawkers on gold/silver laughable, I rank them along the lines of ambulance chasers.  I hope no one swallows their baloney and jumps on wagon, all they are doing is playing on your fears to make themselves a lot of $$.  I've been doing this long before these ........ started this up.

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I have never bought real gold or silver. In reading the Minnesota papers in 2018 and prior years it seams that two issues come up. The over the counter ones hire ex cons to sell and they will keep the bullion/coins for you. Two huge problems. Also with coins, who determines the value? Two much room for shiesters.

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2 hours ago, TheDuke said:

I have never bought real gold or silver. In reading the Minnesota papers in 2018 and prior years it seams that two issues come up. The over the counter ones hire ex cons to sell and they will keep the bullion/coins for you. Two huge problems. Also with coins, who determines the value? Two much room for shiesters.

Correct, there is a lot of fraud out there, alot of Chinese counterfeits floating around.  I have researched and learned how to spot a fake and yet there are some that fool me, little lone an expert.  This is why on my bullion I only buy from the smelters I am familiar with.  I only buy coins from reputable dealers, one in particular that has been in business over 40 years.  There are also Coin grading services that can spot a fake from a mile away.  Yes, it's a gamble, but it's mostly a hobby that sometimes pays.  I use a jewelry grade scale and a micro-scope to check all purchases out plus a couple other tests.  As far as a con holding my silver for me, don't walk, RUN away very fast.  I buy nothing that is not in my hand.  Coin value, some set by the goberment but mostly by collectors and the rarity of the coin.  It is a big business, auctions, books, etc.  I use The Red Book as my main guide but not as an absolute, experience comes to play.  Been doing this over 40 years off and on.  Study the hobby, it's fun and if you want, can be fairly inexpensive, ya don't have to go after the high cost ones.

Anywayz, back to my original question, anyone besides me dabble in pms?

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3 hours ago, TheDuke said:

 Two much room for shiesters.

Another note, in all my years of collecting, I have only bought one fake.  That one, I knew was a fake and wanted it because of it's uniqueness.  I have marked it as such, only payed a couple $$ for it.

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I prefer emerging markets in tech and nothing is as high tech as the Marijuana growing business today. Tesla stayed at ~ $20-24 for almost the first three years after IPO. I expect the same from ACB and NBEV.

 

Safe trading!

Edited by RV_

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The Global Reach Of Aurora Cannabis Is A Huge Moat For The Company

From today - Excerpt:

"An example from the American market.

By expanding its presence to 24 countries, it not only has an outlet for its growing supply when the Canadian market is adequately supplied, but overall, the medical cannabis sales from other markets generate wider margins, boosting the earnings outlook for the company.

A lesson from the American pot market

Probably the biggest competitive advantage Aurora has over its competitors, after its production capacity, is its global reach and the accompanying benefits.

Several states in the U.S. are bellwethers as to what is likely to come in the Canadian market, including Colorado, Oregon and Washington.

I'm referring to what happens when recreational pot demand is met by dried cannabis flower. Inevitably it has become impossible to differentiate at the dried flower level, which ultimately has put downward pressure on prices and margins. In other words, recreational pot supply becomes a commodity that is extremely hard to differentiate between competitors.

When will this happen in Canada? My thought is supply will probably exceed demand by no later than 2022. It could happen even a year earlier, depending on how many new users enter the market and how rapidly Canadian companies increase production capacity.

Either way, Canadian cannabis producers without a significant presence outside of Canada are going to struggle to grow once supply needs are met and surpassed by the industry as a whole.

However that plays out, Aurora Cannabis is in a strong position to leverage and supply the global medical cannabis market.

I don't see any issue in regard to the company reaching the place where it has too much production capacity in relationship to demand. The growth of the medical and recreational cannabis markets at the global level are going to continue to grow for years. No company is better positioned to supply that growth than Aurora Cannabis."

 

Source: https://seekingalpha.com/article/4247631-global-reach-aurora-cannabis-huge-moat-company?isDirectRoadblock=false

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Buckle up everyone.  This is going to be a bumpy ride.  Is this a buy the dip or another December sell off?

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Tariffs, and fear of their backfiring on us are making it a bumpy ride.

Edited by RV_

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And here I thought and many other traders thought that Beyond Meat,BYND was a crazy evaluation when it IPOed  on 4/29 @ $46 and 5 weeks later it is sitting at $138.65. Must be vegetarians out there then I thought.

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On 6/7/2019 at 1:30 PM, rynosback said:

And here I thought and many other traders thought that Beyond Meat,BYND was a crazy evaluation when it IPOed  on 4/29 @ $46 and 5 weeks later it is sitting at $138.65. Must be vegetarians out there then I thought.

One business day latter it is $168.10. 6 weeks to 4x your money.  CRAZY!! I think this stock is going to gown as fast as it went up.

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Rich,

That's how I did well with Tesla! Your investments look excellent too. I'm still in for 6000 shares of ACB, and New Age Beverages (NBEV) in Denver. The rest are funds we bought earlier and a bunch in the 2008-2010 fire sales.

Edited by RV_

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