Discussion in 'Bullion Investing' started by Galen59, Nov 8, 2017.
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I'm just a fool waiting on the wrong block.
They say the west is nice this time of year.
Well I'm old too, 61, and I don't know how old you are, but I'm in the stock market and I've been collecting for years, but I budget and happy with what I have.
Wasn't that a much nicer way to put it?
But on the other hand, there's usually no profit in pleasure but a whole lot of pleasure in profit.
I'm only here to get likes, because my parents abandon me. This website is all I have left.
I agree that it's not about anyone in particular. If I was a coin dealer trying to make a living buying and selling coins I'd be a failure
Then I go over to my coin collection and have relaxed fun that is hard to beat anywhere else!
The two shall never cross for that reason alone.
I admit to all rumors.
(I reached my goal for how much precious metals I wanted to own, but figured I'd check in to see what's going on.)
Just my $0.02, but I own a lot of silver and a little bit of gold because I like it and because I think of it as something of an insurance policy in the event of a financial collapse of the USD. If my savings were to get wiped out, I would like to have something of value to use for barter.
But, let's go ahead and take a look at what's happened in the past year. Silver has gone from $15.70 to $17.05. Gold has gone from $1,200 to $1,286. Not bad for what I consider to be an insurance policy.
The usual assumption that if a person "invests" in bullion, that bullion must be the only thing they invest in, and they must be doing so in an attempt to earn a profit. Obviously, that isn't true for every one, and it might not even be true for a majority of people that own PM.
So geez, take a chill pill and stop calling everyone who doesn't think exactly like you an idiot.
Nothing wrong with getting something because you like it.
That said if the USD collapses and the government fell apart wiping out everyone's savings no bartering would be occurring except by armed force
What do you think about the Kookaburras with the shark privy mark?
What makes you think any such thing? Of course that could happen, in the absolute worst case scenario, but is that what happened in the many, many other countries who have had collapses of their currency in the past century?
Were gold and silver worthless in Germany in 1920?
Were gold and silver worthless in Austria in 1922?
Were gold and silver worthless in China in 1949?
Were gold and silver worthless in Chile in 1972?
Were gold and silver worthless in Argentina in 1982?
Were gold and silver worthless in Peru in 1990?
Were gold and silver worthless in Mexico in 1994?
Were gold and silver worthless in Yugoslavia in 1994?
Were gold and silver worthless in Iraq in 1995?
Were gold and silver worthless in Zimbabwe in 2008?
Are gold and silver worthless today in Venezuela?
Are gold and silver worthless today in Syria?
Do I sound like a broken record? (Perhaps I do if you've been ignoring history)
In ALL of these financial/currency collapses, or periods of hyperinflation, precious metals still had value. In ALL of them, PM were able to buy food, clothing, shelter, and transportation to areas that weren't affected by the crisis.
So glad you approved.
Not a single one of those countries was a modern superpower with a population that is overwhelmingly unable to survive without a grocery store. Anyone who thinks the government collapsing would be peaceful is kidding themselves
Separate names with a comma.