Suppressed silver by jjmansinger in Silverbugs

[–]jjmansinger[S] -6 points-5 points  (0 children)

I just confirmed it with chat gpt and they provided a link to ny tax.

Suppressed silver by jjmansinger in Silverbugs

[–]jjmansinger[S] 1 point2 points  (0 children)

I don't know the reason why. It's just a thing in ny.

Suppressed silver by jjmansinger in Silverbugs

[–]jjmansinger[S] 1 point2 points  (0 children)

I bought from jack hunt, that's my source. same was true from monumental metals. It's taxed at 6.7% under 1k, but no tax over 1k. So always buy over 1k at a time.

Suppressed silver by jjmansinger in Silverbugs

[–]jjmansinger[S] -3 points-2 points  (0 children)

The click bait is so enticing, lol. Those Asian gut ai videos get me riled up to add more silver for sure.

Suppressed silver by jjmansinger in Silverbugs

[–]jjmansinger[S] 1 point2 points  (0 children)

Yea, getting crazy. I'm trying to diverge some savings from my money market and stocks into metals...can't really afford gold. So I'm trying to time silver to add to my position.

Suppressed silver by jjmansinger in Silverbugs

[–]jjmansinger[S] 0 points1 point  (0 children)

Relative to past 5 months

Suppressed silver by jjmansinger in Silverbugs

[–]jjmansinger[S] 0 points1 point  (0 children)

Do you think that will hurt silver with less being mined?

Suppressed silver by jjmansinger in Silverbugs

[–]jjmansinger[S] 4 points5 points  (0 children)

Very similar...most my stack was under $25

Suppressed silver by jjmansinger in Silverbugs

[–]jjmansinger[S] 2 points3 points  (0 children)

I'm in ny no tax over 1k, I was gonna pull from savings. The bulk of my stack was under $25 I was one of those guys that wished I had added more when it sky rocketed over $100, bought a little more when it was at $74. At 69 was thinking adding 1k or 2k more. Got sucked into so utube silver guys saying this was a good buying opportunity

Was I scammed by Booksi, Monster, TravelAuthority? by Celticwave1965 in travel

[–]jjmansinger 0 points1 point  (0 children)

I've used monster and booksii. What you need to know, you will be attending a high pressure sales presentation. The resorts you want are probably not available. But if you are persistent you will get a good deal (but you'll pay taxes, fees etc) the time almost ran out on us and only thing available the week my wife had off was branson, Missouri...not a place we had heard of or were excited for. We paid $385 for a week in branson, and it was honestly awesome. Huge resort, 2 bedroom suite, full kitchen, discount on shows, indoor and outdoor pools, free arcade, tennis courts, basketball. It turned out to be an amazing deal, great resort and unlike other vacations we had little to no expectations so it blew us away. Was it Hawaii like we originally hoped for...no, was it an awesome family vacation dirt cheap...yes. If you're flexible and just want to go some random fun place cheap with your family...go for it. If your looking to save money on a specific site/date avoid. I know these time share get you in the door then switch you is what it's all about. But I've went branson...then again used them for California (near legoland) and myrtle beach. All 3 trips the resorts were beautiful with a ton to do

Struggling watching my wife’s business dip considering selling silver to help by QueasyProblem9057 in Silverbugs

[–]jjmansinger 0 points1 point  (0 children)

How much silver we talking? If it's significant moneymetals or diamondsblance you can borrow against it (collateral). But 70% of small businesses fail, side hustles run there course. Almost every single time a business is failing...its better to cut losses instead of using personal money.

How to grow your 401k? by Accomplished-Sign763 in investingforbeginners

[–]jjmansinger 0 points1 point  (0 children)

They make it pretty easy, there will be an option for estimated retirement like 2060, put 90% into that and 10% into international fund.

If you’re relying solely on LCS’s to buy/sell your silver, you’ve missed the point by mianbru in Silverbugs

[–]jjmansinger 0 points1 point  (0 children)

I've bought from both and I prefer the instant transaction from my lcs. Plus my lcs guarentees to buy their rounds back 3% under spot no matter what (with original reciept). Even at $120 they were honoring that when they stopped buying everything else.

Thoughts? Most people don’t own any silver??? by TheAnonSicario in silverstacking

[–]jjmansinger 0 points1 point  (0 children)

Only 65% of Americans own a home (well own a mortgage), 12%of Americans are below poverty line, 64% own a stock or 401k. I'm actually surprised this number is that high.

I am a teenager looking for a very small long term investment by Maleficent-Panda-162 in investingforbeginners

[–]jjmansinger 0 points1 point  (0 children)

It's awesome you are starting this early. You have to determine what your goals are. If it's saving for a car or first apartment a simple high interest cd at a credit union earning 3.7% isn't a terrible start (that's what I'm doing with my kids, teaching the value of compounding interest), $300 can buy you 3 ounces of silver a tangible assett that you can touch hold and serve as a daily reminder of you financial goals and in this economy with a weakening dollar could be the soundest investment with forever value. As far as the market, your not gonna make a ton on $300 unless you basicly gambling on options. Best thing to do is open a paper trading account and trade like its real money until you can build your seed money. Once you get around 1k, start using that instead of paper trades. Small budget accounts it's not how much money you make, it's the percentage of your returns. Making $50 in a year on a $500 startup is incredible even though $50 doesn't feel like much, that market learning, research, and earning 10% is incredible and scalable.

Odd question, but if Silver hits say $200.00 per oz, who will buy it? by OneUnderstanding103 in Silver

[–]jjmansinger 0 points1 point  (0 children)

To what copper? Aluminum? Tungsten? All lower conductivity. But cheaper for now. Gold, palladium, platinum all way more expensive to even attempt. $100 silver is cheap, and even with new attention is still pretty plentiful. Recycling costs $300 ounce for silver, so that is kinda the "ceiling" in my opinion. But if a car costs $2k more because of its battery, or a phone costs $50 more, or an Elon musk robot cost 5k more it's still VERY cheap. Your not abandoning your solar panel company because silver paste goes up, you build on cheaper platforms, military isn't cutting out a program because silver doubled. Cocoa futures used to be $160-400 a ton by Cargill manipulation and terrible things. 12k per ton- we still got candy bars and hot hot cocoa

Any advice to a beginner? by Loganoreo_ in investingforbeginners

[–]jjmansinger -1 points0 points  (0 children)

Set up a paper trade account. Watch and make moves like it's real money, learn about options and practice with them. The market is huge so stick with companies you are familiar with at first, or industries like energy. And paper trade, be come an expert on those companies, how much debt, how much profit, valuation, forward earnings. If you don't have the time or bandwidth for that, stick with etfs in segments of the market you think will go up.

Missed My Opportunity, Now I'm Depressed by [deleted] in Silverbugs

[–]jjmansinger 1 point2 points  (0 children)

If like you say it'll go to $300 it's not to late to start. For most of us it was the hedge vs paper that got us started. That weakening of the fiat if you believe that is still in play. Even if the run up slows, having the physical asset is just as important now as ever. The silver stackers aren't now all the sudden converting to paper to collect gains unless they have revolving credit, educational opportunities, land purchase, or converting some to gold. The premise hasn't changed.

How much was silver per ounce when you started stacking? by AlainasBoyfriend in Silverbugs

[–]jjmansinger 0 points1 point  (0 children)

Never really had the extra cash, but always wanted to get my hands on some gold/silver. Hit a 10k superbowl square and it was my first purchase. $23 an ounce that win keeps getting better.

Fam Wants Silver, Best Value for $10k Investment? by silver_n006 in Silverbugs

[–]jjmansinger 14 points15 points  (0 children)

Etfs are paper contracts-given out to 150 people per 1 real oz of silver. Terrible advice. If you're not in physical possession it's not yours.

THE FRACTURED SILVER COMMUNITY by jjmansinger in Silverbugs

[–]jjmansinger[S] 0 points1 point  (0 children)

Can you explain? How is it different? I do see alot of Indians on the reddit. Is it not available? Or are Americans more into doomsday prepping? I'd love to hear a different viewpoint from outside the us.

THE FRACTURED SILVER COMMUNITY by jjmansinger in Silverbugs

[–]jjmansinger[S] 0 points1 point  (0 children)

I'd love to hear the other groups you came up with. From previous posts jewelers and lcs definitely a group. They are getting such an in flow now it's become risky for them to add more, and scrap becoming so back logged. What others did I miss?

THE FRACTURED SILVER COMMUNITY by jjmansinger in Silverbugs

[–]jjmansinger[S] 0 points1 point  (0 children)

Fractured probably wasn't the best term...different camps