Is this forum named correctly?

I sometimes invest in speculation.

 

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It can be, unless you're not brainwashed.

 

A professional politician calling someone else brainwashed?! Oh my. We know your dance moves. Have a good day Kurt!

 

https://www.fool.com/investing/2018/04/22/does-warren-buffett-invest-in-gold.aspx

 

EVERYBODY who advocates buying metals as an "investment" is as brainwashed as anyone who ever walked this earth. You can't sit in front of Channel 75 on my cable system (I'll let you guess) for a half hour without being BOMBARDED by lying ads hawking gold or silver, by at least 3 different firms. They know very well who and what they're targeting.

And so do you, Jim, but you'll not bait me into stating it outright, because it'll violate some asinine rule here.

 

I don't let ANY politician brainwash me, Jim, and you're an ass to even suggest it. I served as a party city committee Chair of ONE party, and now work for a different party, but my views are formed by pure intellect, nobody's orthodoxy. Both sides are full of garbage, and they both know it, too. All EITHER side cares about is revving up their own idiots.

What I end up doing each November is what most Americans do - wrack my brain to determine which of the two choices is a less fully formed moron.

 

Says the HuffPo reader.... no brainwashing going on there.

 

This basic principle has served me fairly well over the years.

 

Didn't Buffett buy 200 million ounces of silver in the 90's?

 

As my old man got older (died at 95), it eventually got to the point that ONLY dividends mattered in his stocks.

 

I do not believe so, unless he bought a company that held it.

"Specifically, the Oracle of Omaha groups all available investments into three categories:

• Currency-denominated investments: This includes things like savings account deposits, money market funds, bonds, and other similar investment types. These are assets that are generally thought of as "safe" by investors.
• Unproductive assets: This is the category that gold falls into. Essentially, the investment thesis behind unproductive assets is that someone else will be willing to pay more for the asset in the future than you're paying for it today. Other precious metals such as silver and platinum are also examples of unproductive assets, as are collectibles and cryptocurrencies.
• Productive assets: Not only can productive assets rise in value over time, but they can generate other assets of value along the way. For example, if you own a stock, it can generate dividend income for you, and the stock itself can increase in value over time. In addition to stocks, examples of productive assets are businesses and rental real estate."

But if there ever WERE a time to buy silver in quantity, the 90's have been the last such time to do so en masse. I certainly did.

 

Awh shucks-ie, it was only 130 million ounces. Still, that makes him the God-Stacker. Or maybe not if it has to be fabricated to count as a stack. Then Lavere Redfield would be the king with 475k silver dollars.

 

Yes, if there is an interesting story, I read it. Same for about 40 other publications in print or electronic zines, including 4 delivered real paper newspapers ( more than 1 philosophical view points). My deliveryman can attest to the constant mail. It is always someone else's opinion as to how to interpret it. Fools read and believe with a stuck centeropinion, I do not feel apologetic for what I read or where I read it as I decide for myself. Jim

 

I know. He was a cheapskate with that investment. I'm sure most of us has multiples of that just laying around. I sure do .. umm .. well.. okay, maybe not.

In some articles I've read he values Silver as it is used in production of some stuff. Gold he holds a less than silver view on it. But I don't value silver or gold in much other than they are made into pretty US coins. one reason I stay away from slabbed coins.

 

Which raises an interesting definitional question - is fabrication of coins and medals correctly included as "industrial demand"? Because EVERY metals hawking site DOES include coins and medals as "industrial use", which I suggest is NOT. It is a product that "consumes" or "uses" NOTHING. It sits out there as set aside supply overhang, but the metal hawking sites count it as "gone", as if they were U.S. cents, illegal to melt.

 

Perhaps you missed the winky? Lighten up.

I've seen how you handle political viewpoints differing from your own. Trying and succeeding is not necessarily the same thing.

 

Notice the emoji. Anytime, anyone has a problem, they can ask Doug to intervene. I would lay a bet in person sometime, you could not name my voting affiliation or viewpoints on any specific issue on the first try. Everyone always think they are the injured one, so mods must be against them. Not so, Doug would run such a mod of the ranks faster than you can imagine, he reads all of the reports also. My intention is to not have any political discussion as per the rules. If the rules change, I will also. If it falls popular/unpopular to the thread readers, so be it. If I have fooled you, that is good for me Jim

 

And I suggest the exact same thing about me (with the exception of the two or three members I've PM'ed with about it). He who presumes to know ANYTHING about my political viewpoints is almost GUARANTEED to be dead wrong. Here's a hint: In 1994 I ran AGAINST the man I now work for. He still lives where he did in 1994; I haven't lived in that district since, ohh, about the late 90's.

 

I agree mostly with these positions, but just would say one thing on the "stacker" side. If a pm is present in an overall portfolio as a hedge to other positions, it CAN be a suitable investment strategy to reduce volatility. I hate absolutes in life, since most life is in the grey areas where total absolutes are not possible.

Does this describe most PM stackers? Probably not, but that does not make the possibility untrue. Some may say that instead of physical pm you should buy stock in miners, but they have their own issues, (cost structures, prediliction to waste assets on acquisitions when times are good, high premium due to inverse beta, etc), that make them fairly unappealing choices.

Having gone on that Finance theory rant, I also consider all money I spend on pm, coins, or any other hobbies as my "hobby money", and erase it totally from my personal balance sheet the moment I spend it. Its my "I have investments for my family, so I am going to piss this money away on my enjoyment" spending. If the wife or kids sell it for a buck or two when I am gone, fine, but they will never have to rely on it to be able to eat.

 

Yes, and so does the IRS, unless you're in that business. You still have to PAY for any capital gains, but not at a preferential rate.