Silver Is On A Tear Today

Looking back, most can say that, "why did I not listen to my parents growing up"?

In my case, I am happy that I did not listen.....
From the time I was 12 I collected coins, parents told me, I was stupid. I kept collecting, and never regretted it. Also same with cars, I love US muscle cars from 50s/60s.
So at then end of 2025, I have both a neato coin collection and awesome 600HP 58 vette restomod.

 

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It becomes a lot easier when things you "lose" get paid for out of someone else's pocket, and you (or your organization) get to keep the proceeds.

 

I understand keeping a cash stash....but the video was unclear if that was ALL her savings (I'm led to believe not).

Because $67,000 saved over 40 years...even at a conservative 6% she would have had $250,000 today. A blended 8% from both stocks/bonds/CDs....you are looking at $425,000 or so.

 

It's amazing (to me) that people don't have much money. Going through a life of simply spending all the time.

So someone only having one pot of "savings" doesn't surprise me. Many think a pension is their future, or a 401k that barely has over $100k in it, or strictly social security. There is a large portion that have never invested in the stock market.

 

WELL after reading about SDB (ABOVE)_I am not much better off putting gold and silver in their...and the rest in their Monday the box was only thirty dollars for 12 months. my safes are fire safe, if that's all the protection I am getting. rethinking this going to check with Bank Monday..

 

I'm guilty of that ..the minute I invest in the market it would surely crash you're welcome

 

I'm not scared of a market crash. I'd welcome a 20% off everything sale!

 

Don't make decisions based on the last scary stories you've read. Your coins at home are at much higher risk from home burglaries, violations of trust, or fire and other disasters than they would be in the SDB(s).

I know it feels safer to have coins with you, where you can see them. But think about those few SDB mishaps scattered across the country, then think about how many burglaries and house fires there have been in your area. I know that I've seen more house-fire stories from our local news in the past few months than I've seen SDB horror stories over the last few years.

Either way, though, it might be worthwhile considering Hugh Wood insurance for your collection. The rates I've seen mentioned are around 1% of your insured value per year. That adds up over the years, but certainly not as quickly as gold and silver have been rising!

 

That might be worth looking into, I think I remember that name from a few years ago and then forgot to look into it.

I have Chubb homeowners so I'm not sure if I would use them as my primary or backup.

 

Eighty-three and change as I type. Interesting to say the least.

 

Spiked up to 84 when the Asian markets opened, now back to 82. I wouldn't be surprised by 85 or 75 in the morning. I'm not sure I'd be surprised by 90 or 60.

I'm so glad I don't have a business riding on this.

 

I just checked the USA coin book site, what happened when I went to sleep last night and fished today? It's quoting 84.74 as of a few minutes ago. What a ride.

 

And it's back to 82 something when I clicked just now.