GOOD PRECIOUS METAL INVESTMENT

Discussion in 'Bullion Investing' started by CHARLES GINETTO, Mar 27, 2020.

  1. baseball21

    baseball21 Well-Known Member

    Yes, but that doesn't change the fact that PM's are a very poor investment vehicle.

    Apple was under 10 dollars a share in 2006, 6k worth of stock then would be worth countless times your PM profit
     
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  3. Jeffjay

    Jeffjay Well-Known Member

    For many it's all they have to invest in.
    I personally would rather have something in my hand then in the Wall Street Casino. All Investments are a Gamble and you should never gamble more than you can afford to lose.
     
  4. -jeffB

    -jeffB Greshams LEO Supporter

    If somebody set up a casino where the roulette wheel actually printed new money, so that players on average came out well ahead even after the house cut, I might consider taking up gambling. ;)
     
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  5. ARC Numismatics

    ARC Numismatics New Member

    @medoraman, please do not express your POLITICAL view that the virus is not worse than a bad strain of the flu. Moderator, pls reprimand this individual or I will have to engage him on this subject and he will NOT find it pleasant.

    Reid Morgan

    Chinese scholar who lived in Singapore for 7 years and who has been in touch with his friends in China since mid-January

    Facts, not magical thinking that this will "all go away by April 1st"
     
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  6. J.T. Parker

    J.T. Parker Well-Known Member

    Probably the worse thing that could happen to a 1st time gambler, is to WIN.
    This happened to me on vacation in Nice on the Cote d'Azur. I visited my 1st
    casino and won $140.00 off of the French Government. This was in 1972 so the $
    was considerable.
    I've been REALLY temped by casinos ever since...(but have not given in)
    J.T.

    ADDENDUM: I couldn't agree w/ Arc more & glad he pointed this out.
     
  7. ARC Numismatics

    ARC Numismatics New Member

    I also agree on the inappropriateness of all this gun talk on a coin forum. I have tentatively concluded, and hope that I am wrong, that our Moderator is AWOL. Maybe he has a touch of something no worse than the annual flu?

    Medoraman will show us his personal courage and certainty in his beliefs by being the first one into the crowded pews on Easter morning, following the instructions of our 45th President!!!
     
    Jeffjay likes this.
  8. ARC Numismatics

    ARC Numismatics New Member

    I have dual identities on this forum; happened by accident. I am also known as Reid Morgan.
     
  9. Jeffjay

    Jeffjay Well-Known Member

    I wouldn't call it a political view I would call it the scientific ignorance.
     
    FryDaddyJr, ToughCOINS and non_cents like this.
  10. J.T. Parker

    J.T. Parker Well-Known Member

    Perhaps Both!
    J.T.
     
  11. medoraman

    medoraman Supporter! Supporter

    One is Australian, the other Peru/Mexico. The Australian firm has operations globally though.
     
  12. baseball21

    baseball21 Well-Known Member

    So why if that is all someone has to invest in (nothing wrong with that) would they want to put it into a dead investment that has VERY little upside at best over things that can actually give good returns?
     
    medoraman likes this.
  13. medoraman

    medoraman Supporter! Supporter

    Reid, please get over yourself. You demand the moderators punish me for making statistical comments backed up by the only empirical data that fully tested a population, and you claim it's a political post? I don't give a RIP of you want to "engage me on this subject which I will not find pleasant". Who are you? Lived in Singapore, irrelevant. Chinese scholar, irrelevant. In touch with people in China, irrelevant. The only comprehensive testing data of a complete population we have at this point leads us to believe contagion is much higher than being reported because we are only testing severe cases. This has a flip side to also state mortality is massively being overstated. Again, if you are susceptible it's a dangerous disease. I never said it wasn't, but so if the flu.

    @Jeffjay , who are you calling ignorant? I have 3 masters degrees and nearly completed with my PhD. How many scientific classes, statistical classes have you had? I have had 5 graduate level statistical classes and my PhD deals with creating and evaluating scientific FACTS, not regurgitating CNN or Facebook posts.
     
  14. Jeffjay

    Jeffjay Well-Known Member

    you don't need an education to see that this is worse than a bad case of the flu.
    Since you brought up CNN I guess it is political. Is it also a hoax that will pass in a couple of weeks?
     
  15. Jeffjay

    Jeffjay Well-Known Member

    What would you suggest somebody invest in if they have a little bit of money but doesn't want to risk it in the stock market? If you like silver and the price doesn't go up on it you still have something you like. If you lose money in the stock market somebody got that money and it wasn't you.
     
  16. medoraman

    medoraman Supporter! Supporter

    This will last much longer than a couple of weeks. What we do not know is how it will survive over summer periods that usually spells the end of flu. We simply do not know, but I would expect a flare up next fall at a minimum.

    I mentioned CNN as a news channel. I believe all are overreacting. Would MSNBC, NBC, FOX, NPR help? Fill in any blank. I have no idea who anyone believes discussing real science is political. How is science political?
     
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  17. spirityoda

    spirityoda Coin Junky Supporter

    The charmin can go my cats mean everything to me.
     
    Last edited: Mar 29, 2020
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  18. Jeffjay

    Jeffjay Well-Known Member

     
  19. Jeffjay

    Jeffjay Well-Known Member

    Science becomes political when people in power who want to control Our Lives deny it.
     
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  20. baseball21

    baseball21 Well-Known Member

    Honestly I'd still say stocks. That amount of money wouldn't be enough to do anything with real estate and a couple years from now there's going to be a lot of people wishing they got into the market during all this. The level of risk is up to that person as there are a lot of options that can be done.

    At the very least use the ETFs where you can sell quickly and it's only $10 bucks to do so.

    Buy what you like for coins metals etc, but once you are buying something for enjoyment it is not longer really an investment as your enjoyment can blind you to what should really be being done. Liking a company can be a good start as a judge for whats popular, but investments need to be made with emotion removed
     
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