This guy doesn't like precious metals.

Delete some people are not worth it.

 

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REREAD MY POST,
Hopefully you can read the above words. I'm certain your eye vision is in a better state than your brain.
Stock "picks" aren't needed. Pick up any common etf such as SPYthat tracks s&p, Dow etc

 

Delete some people are not worth it.

 

Delete some people are not worth it.

 

Delete some people are not worth it

 

Numismatics are a poor investment. I'm a world gold coin collector
Personal choice.

 

You really are a clown

 

delete some people are not worth it

 

Delete some people are not worth it

 

I'm glad you deleted your "propaganda"
I was willing to take you up on your offer to
Oh well
Ignorance is bliss

 

Offer stands, posts your pick/picks and I will honor my word and stop posting if I lose.

 

The market is high now but I still think it can outperform silver. I bet
SPY and done ill honor the commitment if I lose as I hope you do.
Spy as of today 149.4
Silver 31.72
See you at the end of the year

 

Sounds good :cheers:

 

I think you can outperform silver this year, but not in the long run. I think they say the amount of Precious Metals to have in your portfolio is around 15%. I think it's a good number. I don't put all my eggs in one basket, but I do like silver.

 

So what's going on? Having some friendly competition?

 

Couldn't agree more. However, people with a vested interest in wishful thinking will disagree, no matter what numbers of facts you throw their way. If PM's were the end-all investment most here claim, we wouldn't have these discussions because the facts would speak for themselves and they'd be on the Forbes list of richest people. Funny how neither has happened and we keep this silly debate going in circles.
Guy

 

Lol. Yeah, it can just go in circles, and has done so.

We all agree PM is a good investment to an extent, and I hope we all agree we can still be friends. We do have a lot more in common by being here than we do with the US general public, right?

 

Absolutely. To be fair, many here understand the pros/cons of PM's pretty good. But the general public buys into the tv metal peddlers a bit too much, which is a shame. Now, if people want to seriously put money into metals, and they have a few million, rare earth metals in asteroid mining is the way to go. Sounds sci-fi-ish, but it's coming. Maybe we'll form a CT space mining conglomerate.

 

I am sure the people who live in places where corn (food) is rare and virtually unobtainable would much rather have the corn immediately. Certainly gold is far more rare than corn or paper but people can live their whole lives never NEEDING gold to survive. If there were no gold to be had, people would live on and most wouldn't miss it because they couldn't afford such an expensive luxury while the absence of grain and other foods would be disastrous. Still today the main use for gold is making jewelry, or investment...that is...just buying to horde and trade but never USING it. Does rarity alone dictate its value to mankind? The value of gold is rooted in it use in jewelry, decoration, and its traditional role as a representation of wealth which stems directly FROM its use as a luxury item. Of course in the modern world it has a few actual practical uses (very few).

As for investment, like anything valued by mankind there is money to be made in trade.

 

Ironically, you can only plant corn a few times successfully, before you require other crustal elements, like potassium and magnesium. That is part of the reason why Potash has been a very hot commodity in the past couple of years.

This is an interesting thread.

Trust me, I see gold and other metals as crustal elements - that is my day job. But, gold and silver are not really scarce elements on earth, certainly nowhere as scarce as some rare earth elements or metals like platinum - and that is only at the surface of the earth where we can access them - who knows what the precious metal content is beyond the lithosphere. Gold is certainly one of the most efficient examples of recycling in human history. Very little of what is mined, milled and refined, is ever wasted. Because we deem silver and gold as "precious", we create the demand and desire of those metals to be well worth beyond what they should be. However, that won't change, because those metals are also beautiful, and it is human nature to desire them, hoard them, and place great value in them...

For me, there is very little appeal in bullion rounds or ingots - but strike a beautiful coin in that same material, and I'll love it... my world is not driven by the desire to get rich, it is driven by the desire to be happy....