Anyone buying silver with price down? It seams as the stock market goes up, metals go down, and silver looks pretty low. Bought a little to save for a rainy day. Where do you buy? just a local Gold/Silver dealer? thks
Silver is actually more of a rare material, especially this day and age of everything electronic, than gold.
Personally, I think the precious metal market is just short of a mass scam. There isn't any cash flows from the precious metals and they only rely on appreciation or depreciation that varies on a supply controlled market.
Blah!
Silver is actually more of a rare material, especially this day and age of everything electronic, than gold.
Personally, I think the precious metal market is just short of a mass scam. There isn't any cash flows from the precious metals and they only rely on appreciation or depreciation that varies on a supply controlled market.
Blah!
agree to disagree on this one. The biggest mass scam was FDR forcing citizens to give up their gold so they could deflate and manipulate the currency. Funny to think, each ounce of gold turned in (with the threat of 10 years of jail time or $10,000 fine ($178k adjusted for inflation)) granted the individual $20.67 of fiat monopoly money ($370 adjusted for inflation).... This same ounce of gold is $1581 today. These government policies robbed individuals of their wealth via their PM stash or decreased purchasing power any way you cut it.
This is where everybody has to come up with their own ideas but I have zero, absolutely zero faith in the USD so I have a difficult time banking all of my eggs in its basket.
So does this mean you are investing in silver?.....kinda the topic.
I just invested in a Sebring Silver NSX. Much safer investment, and way more fun to own.
Silver with a KICK, and returns each and every drive. Smart investor. :biggrin:
Precious metals investment is very tempting. So are investments that yield dividends.
I must be nutsssssssss......
So what does that mean? invested or not? Has to be more valuable than the U.S dollar................
agree to disagree on this one. The biggest mass scam was FDR forcing citizens to give up their gold so they could deflate and manipulate the currency. Funny to think, each ounce of gold turned in (with the threat of 10 years of jail time or $10,000 fine ($178k adjusted for inflation)) granted the individual $20.67 of fiat monopoly money ($370 adjusted for inflation).... This same ounce of gold is $1581 today. These government policies robbed individuals of their wealth via their PM stash or decreased purchasing power any way you cut it.
This is where everybody has to come up with their own ideas but I have zero, absolutely zero faith in the USD so I have a difficult time banking all of my eggs in its basket.
FDR issuing that series of Executive Orders is not one of the US' or his presidencies' shining moments. However, mentioning these doesn't do a whole lot to ease the hearts and minds of those investing in precious metals.
If an investor is going to invest in silver or gold or any other precious metal than do it with a view towards them being nothing more than a commodity. Buy it when the economy shows strength and no one is worrying about inflation. Sell it when the dollar shows weakness and inflation is a concern.
Personally, I think the precious metal market is just short of a mass scam. There isn't any cash flows from the precious metals and they only rely on appreciation or depreciation that varies on a supply controlled market.
a nsx is not an investment. its a consumable.
That's only if you comply with turning it in
All historically correct, but this is always taking into assumption that there will always be that one extra downturn and rebound. Remember that you're measuring successes, wealth and value on the USD. But what happens when that unit has no purchasing power? The Federal Reserve isn't exactly concerned with keeping value in the dollar as much as they are kicking the inevitable can down the road by printing money and destroying the purchasing power of those who invest and save.
It's not a mindset for everybody. But Fiat currencies always die, always. The USD will be no exception to this. Hopefully not in my lifetime, but why not diversify 10-20% into PM's? Investments based solely on the USD is the single point of failure.
Different strokes for different folks, but it helps me sleep at night.
And this is different from every other investment how?
I look at Gold vs the stock market. Gold is up, what 300% in the last 10 years. The stock market is up 0%.
Adjusted for inflation, the stock market is still under it's high from 15 years ago! Not the best investment....
Houses are sketchy(interest rates go up, houses go where), bonds are in a bubble. Cash gets eaten up with inflation. Where do you put your money.
Hey, if you want to buy at peak precious metal prices, there isn't anyone that'll stop you. In fact, there are some here that will gladly sell you theirs.
Stocks, historically, have performed better than precious metals. It's intellectually dishonest to pick a certain time period and make a declaration of an asset's superiority. For instance, I can bring up that gold and silver have done terribly over the last two years vs how the S&P 500 has done. You have to look over a much longer period of applicable data.
In downtimes, everyone thinks that they'll never see good times again. In goodtimes, everyone thinks that it'll last forever. Neither are true. Where to put your money? Put it in a company that has minimal cyclical patterns, good net margins, and great cash flow.
I'd be much wiser to purchase a tract of farm land then buy a hunk of metal. The farm land will adjust with inflation as good or better than gold,
Jond, you can't ignore the long term data as it'll only include one or two economic cycles. And even if you don't want to interpret the data long term, it still doesn't revise the inherent nature of precious metals as one without cash flows and utility.
Where to invest your money? Well, let me say this: irrespective of where the market is at, you can make money.
2 issues. Property taxes and liquidity.
With farm land, I would assume you lose 1% per year to property taxes.
Also, I imagine it could take a year or more to offload a lot of land in the middle of nowhere.
This vs precious metals where you can sell them in minutes at any coin shop, the internet, etc.
And no yearly taxes, only when you sell.
The best inflation hedge is a low interest loan on a house.
If inflation is over 4%(loan rate), you're getting paid the difference on money that's not even yours.
BUT, assuming houses aren't still over priced.
Maybe they are, maybe they aren't, I don't know.
Yeah, to be fair, 50% of my net is in stocks. But I have seen multiple people, first hand, lose their entire life savings($1,000,000+ each) in the stock market.
Not to pick on sahtt, but didn't you lose quite a bit in the stock market? Not trying to pick on you, but just for an honest conversation.
The trick is where do you measure? What years do you pick? Assuming we have maybe 30 years until retirement, where is there a consistent 30 year period of growth? There isn't......
AND how do you measure inflation. If you lowball inflation, it looks like the market did better than it did.
From my observations, the stock market seems to do this. 1. Adjust for inflation. 2. Adjust for new money in(ponzi scheme).
The 80s boom was the result of the killing pension plans and the invention of the 401K. AKA ponzi scheme.
The 90s was the invention of some crazy technology called 'the internet' that no one could have dreamed would have come out of no where.
If you think about it logically, can ANYTHING go up at a rate greater than inflation forever(on average)? Math would seem to say these things would start to grow exponentially and go to infinity.
True. Same can be said of vegas too...
Side note, all of this is in good humor and fun. Not trying to be in any way mean or anything.
I enjoy these conversations. Curious what youguys come back with.
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