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<p>[QUOTE="V. Kurt Bellman, post: 2162748, member: 71723"]Mr. galapac,</p><p><br /></p><p>You strike me as a fair sober individual who has asked an eminently fair, reasonable, and earnest set of questions and I will endeavor to respond in the same spirit. I have arrived at my evening's destination so this will be my last post for a few hours.</p><p><br /></p><p>Insurance? No, insurance against what? I earnestly believe that the likelihood of a calamitous currency collapse is maybe 0.0001 at best. At that level of risk assessment, any "premium" is too dear. I live at the highest geographic point near me - I also do not have a flood rider.</p><p><br /></p><p>Wealth preservation? No, I expect silver to decline from these levels on the near and intermediate term and roughly be flat from here long term during the entirety of the rest of my statistical lifespan.</p><p><br /></p><p>Why then? Every blessed scrap I own, every microgram, falls into one of the below categories:</p><p>1) it is part of a date, or date/mm set, depending on the series. They have been collected for their surfaces, not their metal content.</p><p>2) it is anticipated by me to be part of a competitive numismatic exhibit at some future date that is banging around my noggin.</p><p>3) it was a gift or an award given to me in love or appreciation, and it would be gauche of me to let it go.</p><p>4) and this is a smaller category, it was purchased to "just be silver" when ASE's sold for under and around $5 in the 1990's. Looking at the toning progressions is what has me keeping them.</p><p><br /></p><p>Crap, there's a 5th category that is slipping my mind. More on that later tonight. Turning 60 bites.</p><p><br /></p><p>Have an enjoyable evening, sir. I have a Friends of the NRA banquet to get into.[/QUOTE]</p><p><br /></p>
[QUOTE="V. Kurt Bellman, post: 2162748, member: 71723"]Mr. galapac, You strike me as a fair sober individual who has asked an eminently fair, reasonable, and earnest set of questions and I will endeavor to respond in the same spirit. I have arrived at my evening's destination so this will be my last post for a few hours. Insurance? No, insurance against what? I earnestly believe that the likelihood of a calamitous currency collapse is maybe 0.0001 at best. At that level of risk assessment, any "premium" is too dear. I live at the highest geographic point near me - I also do not have a flood rider. Wealth preservation? No, I expect silver to decline from these levels on the near and intermediate term and roughly be flat from here long term during the entirety of the rest of my statistical lifespan. Why then? Every blessed scrap I own, every microgram, falls into one of the below categories: 1) it is part of a date, or date/mm set, depending on the series. They have been collected for their surfaces, not their metal content. 2) it is anticipated by me to be part of a competitive numismatic exhibit at some future date that is banging around my noggin. 3) it was a gift or an award given to me in love or appreciation, and it would be gauche of me to let it go. 4) and this is a smaller category, it was purchased to "just be silver" when ASE's sold for under and around $5 in the 1990's. Looking at the toning progressions is what has me keeping them. Crap, there's a 5th category that is slipping my mind. More on that later tonight. Turning 60 bites. Have an enjoyable evening, sir. I have a Friends of the NRA banquet to get into.[/QUOTE]
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