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Sep 8 2019 08:17pm
Better get some virtual gold, aka Bitcoin. :)
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Sep 9 2019 07:18am
Low ROI
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Sep 9 2019 12:45pm
Quote (ggurg0d @ Sep 9 2019 06:18am)
Low ROI



For the short term I agree
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Sep 9 2019 09:00pm
Quote (TaoTeChing @ Aug 19 2019 12:34pm)
Ever since I started investing into silver I’ve been looking into reasons not too. As Kevin O’Leary says “If everyone’s telling you to buy something, you should probably be selling it” and while there are pros and cons to it like anything else, I found I have a passion for collecting bullion silver and I plan on accumulating it over my lifetime and pass it down my heirs. But I still don’t agree with “nothing” holds intrinsic value, I’m not basing it of what will occur in my lifetime, I’m basing it of the availability in my heirs lifetime due to it being an industrial metal, and our earth leaning towards renewable energy, I do believe there will be less silver available in their lifetime and the silver:gold ratio will be far closer than it is today. Thus in 75-100+ years from now what will have been my physical savings account, could potentially be an investment for the heirs inheriting it.


Anything you have when you die is an investment for your heirs. That's how being an heir works.

Nothing holds intrinsic value because it's easy to imagine a situation where that item is worthless. Silver? Good luck buying food with it if there's none available. Land? Yeah all it takes is a natural disaster of sufficient size to render any arbitrary land uninhabitable. It's just a fact that value is something we give to something, not something inherent in the item.

Anyway, we can be reasonable confident that silver will hold some value, but the question when investing is will it be more valuable than an alternative investment when you want to cash it out. It's unlikely that silver will beat out an average index fund over the long term.
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Sep 11 2019 08:46am
Quote (Thor123422 @ Sep 9 2019 10:00pm)
Anything you have when you die is an investment for your heirs. That's how being an heir works.

Nothing holds intrinsic value because it's easy to imagine a situation where that item is worthless. Silver? Good luck buying food with it if there's none available. Land? Yeah all it takes is a natural disaster of sufficient size to render any arbitrary land uninhabitable. It's just a fact that value is something we give to something, not something inherent in the item.

Anyway, we can be reasonable confident that silver will hold some value, but the question when investing is will it be more valuable than an alternative investment when you want to cash it out. It's unlikely that silver will beat out an average index fund over the long term.


this does bring up a good point. if the govt collapses and food scarcity and market failures happen you'll still be as fucked with a bar of silver as a Visa card. if you want to insulate yourself from these unlikely failures of modern society invest in solar panels (which pay off in the long run regardless), in a generator, in a greenhouse, in livestock, and live on a property with a well, have a wood burning setup for heat, etc. all of these are ways to save money, and have more money, aka the point of investing. but also mitigate your risk with investments in stocks and bonds.
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Sep 11 2019 10:27am
If the financial system collapses that badly it doesnt matter how well prepared you are. When billions of people cant feed and shelter themselves a lot of blood will be spilled. Having a plot of good land won't help you when millions of people will kill you for it.
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Sep 11 2019 12:01pm
Quote (Hecht55 @ Sep 11 2019 11:27am)
If the financial system collapses that badly it doesnt matter how well prepared you are. When billions of people cant feed and shelter themselves a lot of blood will be spilled. Having a plot of good land won't help you when millions of people will kill you for it.


All investment is risk
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Sep 11 2019 12:43pm
Quote (Hecht55 @ Sep 11 2019 11:27am)
If the financial system collapses that badly it doesnt matter how well prepared you are. When billions of people cant feed and shelter themselves a lot of blood will be spilled. Having a plot of good land won't help you when millions of people will kill you for it.


That's why i have guns, duh.
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Sep 11 2019 04:36pm
Quote (thesnipa @ Sep 11 2019 02:43pm)
That's why i have guns, duh.



So does everyone else lol.
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Sep 11 2019 05:05pm
Well in a shit hits the fan senecio it’s hard to say if silver will have any value as we all know commodity’s such as food and energy would preform better than land and raw materials but i’m not preparing for that. It’s hard to explain without an essay so I’ll try and keep it short. Other currencies in the world are backed by the US dollar, the US dollar is backed by debt. The only way that can work is if our gdp grows with our debt, and in recent years our debt has grown at a rate well over our gdp (by our I mean US). So what’s the solution? There’s crypto out there, but how easy would it be for a country’s government to spend xx million on energy to mine enough crypto to hyper-inflate another country who’s national currency is crypto? There’s gold and silver, nope lol. Then there’s our fiat money, but rather than backed by debt, say it’s backed by 20% gold so to do that you’d have to raise gold to about 10k an ounce, so even if our country isn’t growing at the rate as say China, our currency would remain as one with a high purchasing power compared to other country’s. A higher debt over gdp means the US goes more and more in debt with less and less to show for it. And you can thank the government for working with Wall Street rather than Main Street. Wall Street is full of brokers, they’re broke and want other people’s money. Main Street is for entrepreneurs, and the only thing they can do is offer you their services. As an entrepreneur myself I believe in real assets such as land precious metals food and energy. I tried to keep this short but I can go on and on zzz
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