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If you don't Silver Stack you will be left behind
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<p>[QUOTE="mikem2000, post: 2132407, member: 30574"]Well, I do disagree and here is my reasoning. The unexpected happens.... When holding billion, after inflation, for the long term, the best you can hope for is to break even (preserve your wealth). That is difficult though, as even with careful buying, you are already in the hole because of the vig. Now as I said, the unexpected happens, the furnace goes, the car engine blows, unexpected baby (that's a big one), and bam, you are pulling from you stack. What's worse, the way life is, it may very well be at a very, inopportune time to sell, and you are takin' a lickin'. Now your stack is dwindling, just when you should be adding. The result to you long term holding return, will be disastrous.</p><p><br /></p><p>There is also the cost of storage and the VERY real possibility of lost due to fire, flood, theft, etc. That can get you broke in a heartbeat.</p><p><br /></p><p><br /></p><p>Now if the investing strategy had growth planned into say something to the tune of 7% a year after inflation, there is much more likely chance you will have the funds to make it though the rough spots or to better recoup any withdrawals that were necessary. With a buillion only play , and the low growth rates, the chances of going bust are greatly increased during these "unexpected" but almost guaranteed times of financial distress.</p><p><br /></p><p><br /></p><p>For your point of not comparing fiat with silver. I guess the title of your poll fooled me. "Silver or Fiat, which one wins in the long run."[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 2132407, member: 30574"]Well, I do disagree and here is my reasoning. The unexpected happens.... When holding billion, after inflation, for the long term, the best you can hope for is to break even (preserve your wealth). That is difficult though, as even with careful buying, you are already in the hole because of the vig. Now as I said, the unexpected happens, the furnace goes, the car engine blows, unexpected baby (that's a big one), and bam, you are pulling from you stack. What's worse, the way life is, it may very well be at a very, inopportune time to sell, and you are takin' a lickin'. Now your stack is dwindling, just when you should be adding. The result to you long term holding return, will be disastrous. There is also the cost of storage and the VERY real possibility of lost due to fire, flood, theft, etc. That can get you broke in a heartbeat. Now if the investing strategy had growth planned into say something to the tune of 7% a year after inflation, there is much more likely chance you will have the funds to make it though the rough spots or to better recoup any withdrawals that were necessary. With a buillion only play , and the low growth rates, the chances of going bust are greatly increased during these "unexpected" but almost guaranteed times of financial distress. For your point of not comparing fiat with silver. I guess the title of your poll fooled me. "Silver or Fiat, which one wins in the long run."[/QUOTE]
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If you don't Silver Stack you will be left behind
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