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<p>[QUOTE="fools_gold, post: 1030879, member: 20669"]Well I'm a simple man. I don't like to get caught up in numismatics. What a coin is graded at....to me, I don't want to keep track of negotiating a coins worth. So I only purchase simple, straight up American Silver Eagles and Gold Eagles. That's it. No fuss, nada. What the spot price is, is what it's worth. No arguing it's worth. It's well known and recognized.</p><p><br /></p><p>To answer your question, let's go back one year from now just to hear me out. You mentioned a few hundred dollars. Let's just say $300 for arguments sake.</p><p><br /></p><p>Last year around this time silver was hovering $16-17. Let's just go with $16.50, right in the middle...</p><p><br /></p><p><br /></p><p> So at $300 you could have bought roughly 18 ASE's right? (I'm rounding out here)</p><p><br /></p><p>So say you did that.</p><p><br /></p><p>Now you have another $300 today. Well at today's prices, you are looking at around 10-11 now, not 18.</p><p><br /></p><p>You are almost cut in half of what you could have bought!!!</p><p><br /></p><p>If you bought 18 last year your $300 is now worth $486.....</p><p><br /></p><p>Your CURRENT $300 is still $300 but buys less. It's "real" value is practically half! </p><p><br /></p><p>And I think that's what people get caught up on. Seeing the $300 in their account and thinking, "wow that looks nice...." But the real value isn't much!!!</p><p><br /></p><p>It goes back to what I have been trying to understand pyschologically about society. That looking at their $50,000 in their bank account makes them feel nice and safe. But the real value is worthless....</p><p><br /></p><p>Ask yourself this, if someone gave you a $1trillion zimbabwe dollar, does that really make you feel happy safe and a trillionaire? Technically you are a trillionaire because you hold that dollar but it is worthless!!!![/QUOTE]</p><p><br /></p>
[QUOTE="fools_gold, post: 1030879, member: 20669"]Well I'm a simple man. I don't like to get caught up in numismatics. What a coin is graded at....to me, I don't want to keep track of negotiating a coins worth. So I only purchase simple, straight up American Silver Eagles and Gold Eagles. That's it. No fuss, nada. What the spot price is, is what it's worth. No arguing it's worth. It's well known and recognized. To answer your question, let's go back one year from now just to hear me out. You mentioned a few hundred dollars. Let's just say $300 for arguments sake. Last year around this time silver was hovering $16-17. Let's just go with $16.50, right in the middle... So at $300 you could have bought roughly 18 ASE's right? (I'm rounding out here) So say you did that. Now you have another $300 today. Well at today's prices, you are looking at around 10-11 now, not 18. You are almost cut in half of what you could have bought!!! If you bought 18 last year your $300 is now worth $486..... Your CURRENT $300 is still $300 but buys less. It's "real" value is practically half! And I think that's what people get caught up on. Seeing the $300 in their account and thinking, "wow that looks nice...." But the real value isn't much!!! It goes back to what I have been trying to understand pyschologically about society. That looking at their $50,000 in their bank account makes them feel nice and safe. But the real value is worthless.... Ask yourself this, if someone gave you a $1trillion zimbabwe dollar, does that really make you feel happy safe and a trillionaire? Technically you are a trillionaire because you hold that dollar but it is worthless!!!![/QUOTE]
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