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.