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<p>[QUOTE="Prime Mover, post: 1875457, member: 38783"]Everything has a fee associated with it, whether monetary, time, inconvenience, etc. the question is where your break even point is, but I'm assuming you get that... <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>I think we might be debating about the wrong thing... I'm not advocating to acquire silver to build wealth. My original intent was just to debate that in the simplest terms, if you had a lot of silver right now, you might be considered wealthy. If you had that million ounces (again, at the simplest point, taking the other associated costs out of it and assuming it came at zero cost basis to you), you'd have a considerable net wealth if you converted that into paper money.</p><p><br /></p><p>I don't advocate using silver to build wealth, I personally view it as a hedge and an emergency vehicle. To build wealth you obviously need to make your money work for you, so you should toss that into whatever vehicles get you the highest ROI and make your money work for you to build and compound. Silver or gold isn't going to do that for you. But, I'd rather stack PM's than keep cash in the bank, as to me personally it's a better long-term holding option given the two choices. I feel the inherent "storage fees" of cash is worse than holding the PM's. Plus, cash isn't as pretty... <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Prime Mover, post: 1875457, member: 38783"]Everything has a fee associated with it, whether monetary, time, inconvenience, etc. the question is where your break even point is, but I'm assuming you get that... ;) I think we might be debating about the wrong thing... I'm not advocating to acquire silver to build wealth. My original intent was just to debate that in the simplest terms, if you had a lot of silver right now, you might be considered wealthy. If you had that million ounces (again, at the simplest point, taking the other associated costs out of it and assuming it came at zero cost basis to you), you'd have a considerable net wealth if you converted that into paper money. I don't advocate using silver to build wealth, I personally view it as a hedge and an emergency vehicle. To build wealth you obviously need to make your money work for you, so you should toss that into whatever vehicles get you the highest ROI and make your money work for you to build and compound. Silver or gold isn't going to do that for you. But, I'd rather stack PM's than keep cash in the bank, as to me personally it's a better long-term holding option given the two choices. I feel the inherent "storage fees" of cash is worse than holding the PM's. Plus, cash isn't as pretty... :)[/QUOTE]
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