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Re: Its all a scam.

PostPosted: Mon Jul 01, 2019 7:09 am
by Cu Penny Hoarder
IdahoCopper wrote:I met an older guy in LA, he was a potential investor in a multimillion dollar satellite project.

He made his money with bare land. "Nothing can go wrong with bare land." is what he said.

He would find out early where the LA area freeway system will have exits and on ramps. Then buy land by the acre and sell it 5 or 10 years later by the square foot.

He was worth over $100 million.


Good deal and I agree, but his current $tatus probably gives him specific access to info like that. That doesn't usually happen with the average little guy RE investor.

Re: Its all a scam.

PostPosted: Mon Jul 01, 2019 11:45 am
by IdahoCopper
Cu Penny Hoarder wrote:
IdahoCopper wrote:I met an older guy in LA, he was a potential investor in a multimillion dollar satellite project.

He made his money with bare land. "Nothing can go wrong with bare land." is what he said.

He would find out early where the LA area freeway system will have exits and on ramps. Then buy land by the acre and sell it 5 or 10 years later by the square foot.

He was worth over $100 million.


Good deal and I agree, but his current $tatus probably gives him specific access to info like that. That doesn't usually happen with the average little guy RE investor.



EXACTLY! Please review the title of this thread.

Re: Its all a scam.

PostPosted: Mon Jul 01, 2019 1:36 pm
by Thogey
Success! The topic is understood!

that was funny

Re: Its all a scam.

PostPosted: Tue Jul 02, 2019 6:48 pm
by Cu Penny Hoarder
Gold!

$1434 as I type this.

Good to have both.

It's a scam I tell ya!

Re: Its all a scam.

PostPosted: Wed Jul 03, 2019 3:12 am
by Recyclersteve
Cu Penny Hoarder wrote:
JadeDragon wrote:Well located Real Estate is a perfectly acceptable alternative to gold and silver. You can't move real estate (minus a point for it) but you can generate income or use it yourself for a residence or business or to grow food etc. (Plus a point for real estate). You can't just buy and sell real estate in small quantiles pretty much instantly like you can metal. However you can improve real estate (physically or by government approvals) which you can't do to metals.


You cannot sell land or RE instantly like you can with metal. Metals do not need to abide by zoning laws, no maintenance fees either. No dealing with bad tenants or evictions. You can even avoid reporting and paying taxes on sales if you're cautious/crafty about it.


And you don't have to pay property taxes on metals either.

Re: Its all a scam.

PostPosted: Thu Jul 04, 2019 3:53 pm
by Treetop
Cu Penny Hoarder wrote:
IdahoCopper wrote:I met an older guy in LA, he was a potential investor in a multimillion dollar satellite project.

He made his money with bare land. "Nothing can go wrong with bare land." is what he said.

He would find out early where the LA area freeway system will have exits and on ramps. Then buy land by the acre and sell it 5 or 10 years later by the square foot.

He was worth over $100 million.


Good deal and I agree, but his current $tatus probably gives him specific access to info like that. That doesn't usually happen with the average little guy RE investor.


I know a guy who did this here in NM and lost the wealth his ancestors had left him waiting.

Re: Its all a scam.

PostPosted: Fri Jul 12, 2019 7:34 pm
by InfleXion
Gold is (the valuable portion of) land, and land is wealth. The way builders are attacking the empty space in my county, I wouldn't hesitate to get some were I so inclined.

Re: Its all a scam.

PostPosted: Mon Jul 22, 2019 4:31 pm
by IdahoCopper

Re: Its all a scam.

PostPosted: Mon Jul 22, 2019 6:50 pm
by pennypicker

Outstanding and informative read....thanks for sharing!

Re: Its all a scam.

PostPosted: Sun Mar 06, 2022 2:16 pm
by shinnosuke
This thread is another good read if anyone missed it. Yes, precious metals markets are still scammy, Mammy. I'm home from Alabammy.

Re: Its all a scam.

PostPosted: Wed Mar 09, 2022 6:37 am
by Cu Penny Hoarder
shinnosuke wrote:This thread is another good read if anyone missed it. Yes, precious metals markets are still scammy, Mammy. I'm home from Alabammy.


Don't flim-flammy mammy... put on those eggs and hammy!

Re: Its all a scam.

PostPosted: Wed Mar 09, 2022 7:00 am
by 68Camaro
I did a quick skim through this thread again. Especially for newbies, the comments/advice within form a good summary of the range of thought from many of the experienced members of this community on a range of related relevant topics (metals, money, investing, wealth preservation, personal security, expectations for the future). But at the same time I was again reminded of the loss to us of several of the posters who are no longer on this earth. :(

Re: Its all a scam.

PostPosted: Tue Aug 23, 2022 12:43 am
by Recyclersteve
If you haven’t read through the entire 7 pages of this thread, there is quite a bit of good and interesting info included. Just read through the whole thing yet again.

Re: Its all a scam.

PostPosted: Wed Sep 28, 2022 7:18 pm
by Sanford02
Does the OP have any silver? Any PM at all?

I just sold the last of my base metal stack. I'm thinking about dumping my silver soon.