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<p>[QUOTE="Miko W, post: 2017694, member: 68055"]Apple stocks are an investment. Silver is not. The only people who say silver is an investment are the people who sell it. Every successful financial planner I know (and one I know in particular who handles huge portfolios) says that if you can stomach the volatility, a five percent position in gold is acceptable. Gold, not silver. Acceptable, not optimal, as there are better places for your money.</p><p><br /></p><p>I hold gold and silver because I like them. I also have a number of comic books I paid between 20 cents and a few dollars for twenty to thirty years ago that are valued at hundreds of dollars each. But I do not recommend them in place of index funds.</p><p><br /></p><p>My response was simply to say that people bash metals based on the rhetoric of pumpers and speculators, but that's not how everyone views it. I think it's pretty cool that I have a silver coin from 1620 that I can take to a dealer, sell for melt (not collectable value) and walk away with cash. That's a fact that I can prove any day I feel like it.</p><p><br /></p><p>Metals are unique. Maybe oil is a better commodity, maybe a garage full of bricks is as likely to go to the moon in value. But metal has energy when you hold it in your hand. That 1620 coin is a fighter, man, and it will still spend no matter what stocks do. It might even come out ahead in the end.</p><p><br /></p><p>Nobody... NOBODY... knows.[/QUOTE]</p><p><br /></p>
[QUOTE="Miko W, post: 2017694, member: 68055"]Apple stocks are an investment. Silver is not. The only people who say silver is an investment are the people who sell it. Every successful financial planner I know (and one I know in particular who handles huge portfolios) says that if you can stomach the volatility, a five percent position in gold is acceptable. Gold, not silver. Acceptable, not optimal, as there are better places for your money. I hold gold and silver because I like them. I also have a number of comic books I paid between 20 cents and a few dollars for twenty to thirty years ago that are valued at hundreds of dollars each. But I do not recommend them in place of index funds. My response was simply to say that people bash metals based on the rhetoric of pumpers and speculators, but that's not how everyone views it. I think it's pretty cool that I have a silver coin from 1620 that I can take to a dealer, sell for melt (not collectable value) and walk away with cash. That's a fact that I can prove any day I feel like it. Metals are unique. Maybe oil is a better commodity, maybe a garage full of bricks is as likely to go to the moon in value. But metal has energy when you hold it in your hand. That 1620 coin is a fighter, man, and it will still spend no matter what stocks do. It might even come out ahead in the end. Nobody... NOBODY... knows.[/QUOTE]
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