I’ve been watching silver lately as it is now severely down, even about $3 an ounce loser than 5 years ago before its big spike. I used to purchase silver rounds and hold them, but I eventually sold them. It is time to take a look at that strategy again. I do not want to buy any until I think the price is done dropping about as much as it is going to.A five year low is a pretty good barrier, so it may be about to bounce a bit.
I have two strategies with precious metals. The first is to buy and hold. This works great if Silver goes into another run, but I feel it will likely hang around in a range for a while. The second is to buy and flip. If it starts to go up, people get excited and will pay a bit more for it in anticipation. If you have a good source to get rounds, you can simply flip them for instant cash. This is a fun and profitable short term strategy to get money for further investing.
Gold is still too expensive for me at this point, though the flipping strategy does give a bit more profit per sale. I am watching that too, of course.
This game is based on the concept of doubling. I read about it almost 10 years ago from a download by a guy named Stuart Goldsmith. I cannot currently find the download as the site seems to have been terminated. But here is the general concept:
If you started with a single penny .01 and doubled it 28 times, you would have 1.2 Million dollars! Go ahead, figure it out for yourself. The concept is to start with a penny you find or are given and attempt to double that 28 times into $1.2 Million dollars.
Continue reading The double your money game!
When I was first thinking about a new hobby, there are many things I would like to do. I have always loved the martial arts and enjoy expanding my training. I love to eat, work out, cars, gaming, the outdoors, and new technology. I would like to dedicate some time to most of these on a regular basis.
Doing just one of these things on a pretty regular basis can cost a pretty penny. Wanting to do them all consistently would be downright expensive. I wanted another hobby that the whole family could enjoy that would be beneficial and maybe allow us (or me) to enjoy some of the other things more often.\
Continue reading Why a money game as a hobby?
Welcome to Rubelix! There are a million blogs out there on the web and 99% of them fail. Most are very nichey (is that a word?) and have a lot of competition. Most bloggers start out with a goal of making a six-figure income.
Continue reading Hello world! The blog begins!