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<p>[QUOTE="coppermania, post: 1569990, member: 18304"]If I may, I'll explain why I got started in bullion investing. </p><p><br /></p><p>I was 25 years old in 1997 and I really never had much other than a low paying job, car and apartment. One day my boss sent we to get change for the till and said get 100 1's. on my return trip I was thinking that if that stack was all 100's that would make 10,000, which seemed like all the money in the world. I used tat spark to set out and save up that 10k and in no time I had the 100 100's. To me that meant security and I couldn't think of a jam that that kind of money couldn't get me out of. </p><p><br /></p><p>Fast forward ten years......turns out I never got in a jam and although it felt good to walk the earth with some cash sitting around, it was a mistake to have it sitting in the safe that long. One of my buddies, Duke, who is a member here commented on this story by saying "if you would have bought gold with that back then, you would have over 50k now. Instead, now you have like 7k in buying power". I learned the hard way that nobody invests in "cash" and unless I'm actively buying something it should be stored properly. </p><p><br /></p><p>So yes, now I hold some cash in PMs as they are liquid if I need money fast. For what I refer to as my "personal" SHTF scenario. I worry little about what the world will do, as I have little control over that. I need protection and security for things like death, divorce, job loss, relocation, deductibles, lawyer etc. Along side of traditional investments, I don't hear about this benefit enough, is that metals are a private investment. The sale of stocks, MF, real estate, 401s have timelines, penalties and structure that can make getting your money difficult. That, to me is worth the fact that metals may not be the worlds best earners.</p><p><br /></p><p>I'm just a simple guy and dont know it all and I break it down into small parts, am I missing anything here guys?[/QUOTE]</p><p><br /></p>
[QUOTE="coppermania, post: 1569990, member: 18304"]If I may, I'll explain why I got started in bullion investing. I was 25 years old in 1997 and I really never had much other than a low paying job, car and apartment. One day my boss sent we to get change for the till and said get 100 1's. on my return trip I was thinking that if that stack was all 100's that would make 10,000, which seemed like all the money in the world. I used tat spark to set out and save up that 10k and in no time I had the 100 100's. To me that meant security and I couldn't think of a jam that that kind of money couldn't get me out of. Fast forward ten years......turns out I never got in a jam and although it felt good to walk the earth with some cash sitting around, it was a mistake to have it sitting in the safe that long. One of my buddies, Duke, who is a member here commented on this story by saying "if you would have bought gold with that back then, you would have over 50k now. Instead, now you have like 7k in buying power". I learned the hard way that nobody invests in "cash" and unless I'm actively buying something it should be stored properly. So yes, now I hold some cash in PMs as they are liquid if I need money fast. For what I refer to as my "personal" SHTF scenario. I worry little about what the world will do, as I have little control over that. I need protection and security for things like death, divorce, job loss, relocation, deductibles, lawyer etc. Along side of traditional investments, I don't hear about this benefit enough, is that metals are a private investment. The sale of stocks, MF, real estate, 401s have timelines, penalties and structure that can make getting your money difficult. That, to me is worth the fact that metals may not be the worlds best earners. I'm just a simple guy and dont know it all and I break it down into small parts, am I missing anything here guys?[/QUOTE]
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