Discussion in 'Bullion Investing' started by fretboard, Dec 19, 2020.
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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?
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?
There's a glitch in the matrix
Seems your first post 'investment' multiplied
If only our silver & gold could multiply like that we'd all be rich.
If that happens silver isn't going to help you
It will help more than not having it!
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
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.
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!
Michigan gardeners know that even cucumbers and squash seeds can be illegal in certain situations.
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