Hey guys, I'm no miner, but i've been sifting thru the newbie section and thought someone here may want to help this guy out:
Ok so here is the deal.
A friend and I are about to put a few mining rigs together with money borrowed from a another friend (investor) of mine. So obviously we are paying him back in due time. I'm starting to get a good feel of the market place and it's sort of a big deal because I can get a lot of capital from my friend. Even 100,000 USD if I want, to play with. So, given the extensive available capital, what would you recommend on the mining side and short/long term investment side in general?
In the long run, I do plan on dumping a portion of gains into physical silver given the path of the dollar and maybe even some gold but I'm sticking to mostly silver. That aside, just some recommendations to get the best ROI in the short term as well as long term in general.
We're both techies and will be working on some development of some e-commerce project while working the bitcoin market.
I'm a laid off business adviser and am getting ready to take college courses so for now, I have nothing but time and an investor who is willing to throw in capital so long as I can give him a decent return to start.
Thanks for your suggestions.
here is where he posted it:http://forum.bitcoin.org/index.php?topic=15634.0