$40 Silver! What do You Think??

Discussion in 'Bullion Investing' started by fretboard, Dec 19, 2020.

  1. slackaction1

    slackaction1 Supporter! Supporter

    Jeff, I never said what your suggesting.. We are not in the doom and gloom economy just yet.... but you can see it from here.. I going to enjoy everyday I can and if Silver and Gold jump to 40.00 or 2 grand I am all in... yo! never know what the next day will bring.
     
    Last edited: Dec 28, 2020
    coinaline likes this.
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    Yeah, I think I get what you're saying. But like @crazyd posted, we've sort of got multiple separate economies going now, and the ones for rich folk are doing quite well. It's really that realm that drives the PM markets, from what I can see. Folks who can't buy food or keep a roof over their head aren't going to be buying gold or silver, and probably don't have much if any of it to sell.

    If I did face eviction or hunger while sitting on a significant amount of gold or silver, you can bet I'd be selling, not buying -- and desperation selling tends to drive the market down, right?
     
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  4. coinaline

    coinaline Active Member

    I see a lot of posts quibbling about the use of the term "investment" in silver.

    I call silver my investment in the future. As a cynical pessimist, I tend to see a dystopia in our near future. So, my "investment" in silver is actually a rather cheap insurance policy if things keep going the way the powers that be want them to go.

    My optimistic better half helped me see it this way.

    In an ideal world, my silver "investment" will be worth half of what I bought it for, but I would gladly pay that much for an insurance policy to help me and my family survive a dystopian future.

    My husband likes to "invest" in stock, but is it still an investment if it disappears into the ether?
     
  5. coinaline

    coinaline Active Member

    I see a lot of posts quibbling about the use of the term "investment" in silver.

    I call silver my investment in the future. As a cynical pessimist, I tend to see a dystopia in our near future. So, my "investment" in silver is actually a rather cheap insurance policy if things keep going the way the powers that be want them to go.

    My optimistic better half helped me see it this way.

    In an ideal world, my silver "investment" will be worth half of what I bought it for, but I would gladly pay that much for an insurance policy to help me and my family survive a dystopian future.

    My husband likes to "invest" in stock, but is it still an investment if it disappears into the ether?
     
  6. coinaline

    coinaline Active Member

    I see a lot of posts quibbling about the use of the term "investment" in silver.

    I call silver my investment in the future. As a cynical pessimist, I tend to see a dystopia in our near future. So, my "investment" in silver is actually a rather cheap insurance policy if things keep going the way the powers that be want them to go.

    My optimistic better half helped me see it this way.

    In an ideal world, my silver "investment" will be worth half of what I bought it for, but I would gladly pay that much for an insurance policy to help me and my family survive a dystopian future.

    My husband likes to "invest" in stock, but is it still an investment if it disappears into the ether?
     
  7. coinaline

    coinaline Active Member

    I really only posted once!

    There's a glitch in the matrix :)
     
    masterswimmer likes this.
  8. masterswimmer

    masterswimmer Well-Known Member

    Seems your first post 'investment' multiplied ;)
    If only our silver & gold could multiply like that we'd all be rich.
     
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  9. FryDaddyJr

    FryDaddyJr Junior Member


    If that happens silver isn't going to help you
     
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  10. chascat

    chascat Well-Known Member

    I hope silver drops to below $20...better for everyone! Happy New Year!
     
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  11. coinaline

    coinaline Active Member

    It will help more than not having it!
     
  12. coinaline

    coinaline Active Member

    I also think canned goods are a great investment right now. I'm a cheap date :)
     
  13. -jeffB

    -jeffB Greshams LEO Supporter

    And I'm still gambling that I'll be able to keep getting fresh stuff, and that the health benefits will do me more good in the long run than a pantry full of canned stuff will. ;)
     
  14. slackaction1

    slackaction1 Supporter! Supporter

    Can goods.... a 12 pack of Busch lite........cheap date... I just cant get over the ASE going for 30. and plus.. I need a cold can good....
     
    Last edited: Jan 2, 2021
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  15. coinaline

    coinaline Active Member

    Canned goods are best considered a "long term investment" (unless I have a late night craving for chicken noodle soup and break one open prior to its maturity date). Seeds are also a great investment and probably have the greatest returns...they truly are fruitful and multiply. Let's just hope they are legal to buy in 2021 ;)
     
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  16. slackaction1

    slackaction1 Supporter! Supporter

    oh they got to be legal......umm
     
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  17. -jeffB

    -jeffB Greshams LEO Supporter

    Heh. Our HOA decided that we can't have vegetable gardens unless they're not visible from the street. They magnanimously offer lots in a shared community garden, about a mile from our house, for a rather substantial annual fee (in addition to HOA dues). Something tells me that, post-apocalypse, the HOA's enforcement powers will be somewhat curtailed.

    Meanwhile, we're on the corner of two cul-de-sacs, so there's no part of our property that's "not visible from the street". Guess I'll raise mushrooms in the crawlspace. Hey, they're nutritious, too.
     
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  18. coinaline

    coinaline Active Member

    Sprouts and microgreens and even baby lettuce/spinach/kale grow pretty well indoors if you are into those kinds of things. It would be funny if someone in an HOA got busted for an indoor grow operation (by nosy neighbors no less) and it turned out to be tomatoes and peppers!
     
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  19. coinaline

    coinaline Active Member

    Michigan gardeners know that even cucumbers and squash seeds can be illegal in certain situations.
     
  20. slackaction1

    slackaction1 Supporter! Supporter

    Really. that is odd I find it hard to believe.. You can't raise cucumbers.. I guess I would have to pay the fine. Especially the Rat Fink neighbors that could turn you in. I would tune them up first thing. Your garden has to be visible from the street.... that is funny.. no fences around it, they would have a hay day here in Missouri.. arrested for growing taters and onions, come bail me out... I am in the Vegetable jail........
     
    Last edited: Jan 3, 2021
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  21. slackaction1

    slackaction1 Supporter! Supporter

    Market open up 68 cents like KABOOM! Jan-Feb always a high surge. Not an indicator of what the year will bring. Opening above the last day trading range. I would think with all QE and Fiscal Stimulus going on its just going to keep going up.
     
  22. slackaction1

    slackaction1 Supporter! Supporter

    Paper money it's not completely worthless, gets printed off by the Gozillions everyday... 3 bucks in silver..... is 60 bucks by todays standards.. kind of scary.. if my math is close..
     
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