JackBull
Buckeye
In the recent past the Hunt brothers manipulated silver. Where do you get your information from, totally backasswards. Except for crypto.
Gold and Silver
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GasGuzzler
Hunter
So when paper money is worthless and you have an ounce of gold, what will you get for it? 400 pounds of coffee?
The Hunt brothers manipulated silver upwards, the bankers manipulate silver downwards. If you invest in something, you aren't worried about the risk that someone manipulates that investment upwards.
Lots of people gamble against the house and win. that doesn't make it a low risk investment.
JackBull
Buckeye
If you do not want to be educated, that's your problem. Good luck.
(This is what may happen) = I do have guns and ammo, so I come to your place hijack you and take it all, maybe I kill you also, maybe you share with me and we be friends. Maybe some other bad folks want what we have, than what?
Huskerguy72
Single-Sixer
Define "lots". All these betting services and casinos didn't get rich without having the odds clearly on their side. Some people win just enough to brag in the occasional win and enough to keep coming back. Gambling and investing are two completely different animals.
Or....it might turn out that I ain't all that easy to "high jack", and that you get killed instead.....My point being that dealing with folks who are filled with ill intent is a whole 'nuther subject than the topic at hand, and as such, has nothing to do with how much gold/silver cost in failed fiat currencies....
Just sayin'.
DGW
"Lots" would have to be somewhere South of 50% of course, and probably waaay below 50%. But there are millions who "invest" in the stock market, so even if the number is 15%, that's a lot of people beating the house at their own game. Good for them!
Is it gambling or investing when you know that other players have significantly better inside information than you have? I call the stock market gambling. All investing is a gamble in some way. I just prefer to reduce the risk by avoiding assets that are too easy for others to play dirty at my expense.
To put your question into perspective....back when we had real money, a $50 gold piece was about an ounce. So yeah, I'm certain one would fetch you about 400 pounds of coffee...or a nice rifle or two...or maybe even a good horse...You know, just like an ounce of gold always has....And as to the real value of silver, you do know that the scrap value of the amount of silver which is contained in an old U.S. Quarter is about the same as the amount of FRN's it takes to buy a gallon of gasoline, eh?. That should tell you that gasoline ain't over $3.00 a gallon like you've been lead to believe, it's still only 25-30 cents, just as it's been for decades. Thing is though, we've let the federal gov't steal our real money, so we've been reduced to having to pass around nonredeemable IOU's instead...It should also tell us all just how silly it is to keep trying to value silver/gold in worthless paper...In other words, it ain't that gold is all of a sudden worth a lot. It's that all of a sudden FRN's are worth a lot less. Thing is, to see the difference, ya gotta first quit looking at gold/silver in terms of FRN's and start looking at the two in terms of weight and what they'll actually buy by weight....Kinda like the examples I've already shown.
I've seen peoples paper investments hit zero several times during my lifetime. By contrast, I ain't never seen gold or silver hit zero, not even once. And that's purty-much all I need to know about that.
DGW
I'll get more for it than you'll get for your stack of worthless paper bills. But then you can use those bills for toilet paper in the short term so they do have some value! Also you don't have to buy 400 pounds of coffee if you get your ounces of gold in 1/10 of an ounce of bullion coins.
Gold, silver and lead will always have value! Paper… Not quite so much in my opinion.
I've read that banks, like Chase have been acquiring large amounts of precious metals over the past few years. I'm sure that they realize that paper is not as valuable as precious metals in the long term.
Those same paper investors were probably thinking you were foolish because you only made 5%-10% a year on tangible investments when they were making 20% or more in the stock market. You risked little, they risked all.
Investing in the stock market is like loaning money to a corporation without any collateral. That's gambling, IMHO.
I know a single person who is a millionaire solely from buying silver or gold. ( a gold/silver dealer who followed in his fathers foot steps and took over his business and his son works alongside him ) I know a number of millionaires who made their wealth from stock market investing . They accomplished that by being in the market long term and collecting dividends for decades.
Bonds are how publicly traded companies borrow money , when a person buys a stock the have equity in the company. Thinking you loaned money to a company when you buy their stock sounds like an excuse to justify a desire to own metals.
If one had bought Berkshire Hathaway stock in 1990 ( I believe someone in this thread mentioned Buffets company and silver in the same post ) you'd be far ahead of the increase in value of silver from the same time frame.
Individual stocks clearly aren't for everyone . One can own a low cost index fund and do well.
"If" being the key word. Before you invest you want to know what the worst case scenario is.
I have heard the "if" argument many times...."if" you had bought Dell stock...."If" you had bought Bitcoin. "If" you had put a quarter in the slot machine just before the great payout. But they don't qualify as investments in which you could have been confident of worst case scenario.
Go look at a price chart of BRK.A vs silver since 1990 then explain why silver was a better use of your money. Full disclosure I've owned BRK.B since it first started trading.
I own other stocks, one I have a cost basis under $7.00 and receive $3.40 a year in dividends. Of course I've owned it for 20+ years. I ride my winners and sell my losers.
My trust in the US stock market is because family members years ago educated me on the pros and cons and also explained how gold and silver provide a hedge on one's investments.
With that have a wonderful day, we clearly have different views on investing.
If we are talking normal times. gold and silver and even ecoins may make you money. If we are talking SHTF times, a loaf of bread may be worth more that an ounce of silver. In my opinion my investment in primers has done better than my investment in gold.
Silver would have been safer because the probability of it going to zero was considerably less than BRK.A.
Star43
Buckeye
You know, this can go on and on and on. I just came in from mowing the lawn and cutting down a tree......after getting about a dozen notices about posts being made,......what I see is a bunch of good guys here talking about what works for them. Be it now or in the future or if the poop hits the fan......whatever.....Whatever makes YOU feel good and safe and secure. THAT is what it is all about. Be balanced, think it out for what makes good sense for you and your family and go for it. Let's be thankful for what we all have. And you know what nobody mentioned at all, & what truly is the MOST important thing we All can have ?? It is our own health & the health of our family. God Bless.
jav
Single-Sixer
I don't know I know you guys don't agree but most of my money in the stock market and it's doing great
