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Private Investing Forum Discussion of Stocks and Strategies |
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#21
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We've bought silver rounds equivalent to 10% of our savings. BO prompted us to buy silver!!
Mike
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Ol' Stonebreaker |
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jim slagle (11-26-2019) |
#22
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I did OK with Gold during the Obama years. Mostly because I sold a car to a jeweler who paid me in Gold coins,,,; ie no commission on the sale. Gold was down at the time.
When my son bought his house, real estate was down and gold was up so it worked out well. But that was as much luck as it was cunning.
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Proudly Deplorable When criminal justice is supplanted by social justice there is no justice. __________________ |
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jim slagle (11-26-2019) |
#23
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I like silver as of today. It is very undervalued. Currently, silver prices are very low. Silver has always out performed gold in precious metal bull markets. That being said, I like physical precious metals because they are a tangible asset class.
I also like real estate, dividend stocks and cash. |
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jim slagle (11-26-2019) |
#24
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I bought 1000 oz of silver about 11years ago at about $15 its $17 now not the great investment I hoped for. I plan to make it part of grandpas treasure that I am going to hide at my cabin on 80 acres in the mountains that I am leaving all of them in a trust never to be sold. The treasure will be my way of getting the kids and grandkids to go use the property and look for it after I am gone. The real treasure is family hanging out together what ever the reason. Marty
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#25
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BO made us buy silver as a hedge against hard times he might cause.
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Ol' Stonebreaker |
#26
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In the last five years silver has gone up 10%. Gold has gone up 20%
In the last 20 years, silver has gone up 226% whilst Gold has risen 400% Commissions are 5%or about half of what silver has risen in the last fiver years. Against the devalued dollar, that's not performance. https://www.goldprice.org/ I keep hearing silver is the next big metals boom. Just not seeing it. Gold is worth 8 times silver value. So these numbers for gold are BIG. I am mostly out of metals right now. Stocks have doubled since Obama years. So has my small business. That's where my capital is being placed. In the last three years we have doubled our capacity. Three new production lines added to the six we had in 2016.
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Proudly Deplorable When criminal justice is supplanted by social justice there is no justice. __________________ Last edited by FrancSevin; 11-27-2019 at 02:20 AM. |
#27
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I still have a little gold locked away. I had almost forgotten about it. I need to go visit it one of these days. I still don't think that precious metals are much of an investment but for some reason it is comforting to have. I still haven't figured out that when the world goes to hell and paper money becomes worthless, who is going to be buying all this gold and what will they be buying it with? That gets me back to my baked beans analogy of 4-years ago.
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ETF ![]() “I won't be wronged. I won't be insulted. I won't be laid a-hand on. I don't do these things to other people, and I require the same from them.” John Wayne as JB Books in "The Shootist". |
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#28
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Back in '15, I said that metals IMO are a commodity, not an investment. That's still my position. |
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#29
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Here's the thing, if the SHTF then paper money will be worthless. Are you gonna buy milk and bread with a Gold Eagle? A big mac might go for Gold but that eagle could cost you your life. Keep it for financial security, but not much is needed when hyper inflation happens. After all, that's when gold really goes up. As for milk and bread, when money goes to hell, you can buy those items by swinging a hammer or digging a ditch for it.
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Proudly Deplorable When criminal justice is supplanted by social justice there is no justice. __________________ |
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#30
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#31
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I keep both bullets and TP for the had times. I also have enough standard light bulbs to light up a small city. I have a freezer full of dried beans, flour, sugar and rice. All will last for months and years even if the power goes out. Not because I fear the apocalypse, but because I own a small business. I can and have swung a hammer for a living. Also dug ditches.
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Proudly Deplorable When criminal justice is supplanted by social justice there is no justice. __________________ |
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#32
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Not trying to hijack the thread but I think we are closer to a social breakdown now than when BO was in. I am feeling the Dim crazies like Shiff and some others may try to seize power using dis information and fake crimes to unilaterally impeach Trump outside of due process similar to the way the Nazi party did it prior to ww2. Only here and now 1/2 of the people won't roll over for it and it will be on. Marty
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#33
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With Antifa, failure by big city mayors, and some state governors, to enforce law and order, we may be beyond redemption by civilized, due process, means. I suggest to keep your powder close at hand and dry.
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Proudly Deplorable When criminal justice is supplanted by social justice there is no justice. __________________ |
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#34
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Being old, I have gone through umpteen ammo shortages. Well, I went through the first one, the rest didn't affect me. ![]()
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ETF ![]() “I won't be wronged. I won't be insulted. I won't be laid a-hand on. I don't do these things to other people, and I require the same from them.” John Wayne as JB Books in "The Shootist". |
#35
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So what we come around to is we need a noncorroding useful asset that also does not spoil or need any care in storage that could be used for barter. Bullets could work but there are so many different calibers to cover and they can even get pretty fuggly if not stored in a conditioned climate. So the war has started and we're all dug in till it's passed or over..... Yea right but have you considered the thermonuclear bomb that exploded far enough away that you survived the blast... But the radiation levels will shortly kill you if you don't quickly pack up and move to a safer area. This is where gold and silver will show it's worth. A person ain't packing along enough lead to utilize as barter as needed but one could manage to take along enough precious metals that could make the difference between life and death.
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The basic difference between Conservatives and Liberals is that Conservatives see the state as a tool to use in supporting the empowerment of the Individual, while Liberals see individuals as tools to use in supporting the empowerment of the State. |
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mla2ofus (11-28-2019) |
#36
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As for the rest of you post yes, commodities will be useful when the paper money is worthless. Remember one bullet used to buy a cowpoke one shot of whisky. So, when the SHTF be sure you either have or can make bullets, gunpowder, or whisky. You'll be fine.
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Proudly Deplorable When criminal justice is supplanted by social justice there is no justice. __________________ |
#37
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The basic difference between Conservatives and Liberals is that Conservatives see the state as a tool to use in supporting the empowerment of the Individual, while Liberals see individuals as tools to use in supporting the empowerment of the State. |
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mla2ofus (11-28-2019) |
#38
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Gold, bullets and TP. Keep them in good supply
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Proudly Deplorable When criminal justice is supplanted by social justice there is no justice. __________________ |
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