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<p>[QUOTE="mikem2000, post: 3176719, member: 30574"]In My opinion you very post is conflicting. You say you ENJOY collecting Gold and Silver for Selfish reasons, so great, go ahead and collect. Many of us collect/spend money (including myself) on things that will not offer much of a return, or even more likely, a substantial loss. So what, we like doing it.</p><p><br /></p><p>Now you second statement says you are doing for your heirs. Do they like Gold and Silver? If not, you are doing them no favors. If you plan is to leave your heirs something of value, I would invest in index funds and T bills. This simply has much better odds of maximizing their inheritance. I have seen many folks "justify" their hobby by saying it for their kids. I call shenanigans on that. If that is you hobby and you do it for yourself, that is fine, but the "justification" is bogus.</p><p><br /></p><p>Now, if you enjoy collecting, who cares about the general negativity, those feeling are strictly from an investment point of view. If you are not investing, and just collecting, that is just not your problem. As far as "prices being so low, you are stealing it" well if that were true, that is not a problem, but most likely you are really not even getting a fair deal. Both Gold and Silver are significantly above historical averages over the last 100 years and I of course am talking AFTER YOU ADJUST FOR INFLATION.[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 3176719, member: 30574"]In My opinion you very post is conflicting. You say you ENJOY collecting Gold and Silver for Selfish reasons, so great, go ahead and collect. Many of us collect/spend money (including myself) on things that will not offer much of a return, or even more likely, a substantial loss. So what, we like doing it. Now you second statement says you are doing for your heirs. Do they like Gold and Silver? If not, you are doing them no favors. If you plan is to leave your heirs something of value, I would invest in index funds and T bills. This simply has much better odds of maximizing their inheritance. I have seen many folks "justify" their hobby by saying it for their kids. I call shenanigans on that. If that is you hobby and you do it for yourself, that is fine, but the "justification" is bogus. Now, if you enjoy collecting, who cares about the general negativity, those feeling are strictly from an investment point of view. If you are not investing, and just collecting, that is just not your problem. As far as "prices being so low, you are stealing it" well if that were true, that is not a problem, but most likely you are really not even getting a fair deal. Both Gold and Silver are significantly above historical averages over the last 100 years and I of course am talking AFTER YOU ADJUST FOR INFLATION.[/QUOTE]
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