Is physical silver an inflation hedge? | |
Revisionist
User ID: 80867071 United States 06/14/2022 01:29 PM Report Abusive Post Report Copyright Violation | If it was, why would they trade it for declining currency? In others words the sliver/gold pimps are really stupid or its just a fear sales pitch. Both have industrial and commercial use but after that its value is whatever people will pay. If you're buying silver with the intent to trade it later for MOAR FIAT, you're doing it wrong. Gold/silver is for when the fiat system collapses. If you sell before then, you're a fool who deserves to lose. Gold/silver is a very long term investment. Silver happens to be extremely undervalued right now because it's easier to manipulate. If you want to trade, then open a forex or options account. If you want to invest in a hedge against the imminent collapse of the fractional reserve Ponzi scheme, buy gold/silver/real estate and never trade it back for moar fiat. Not exactly true, you can use large fiat gains to purchase physical goods. A 10,000 investment in silver 22 years ago and sold when silver hit 50 could have netted you 100,000 dollars. Nothing wrong with cashing out and buying a house or paying off debt. Any tangible product could be a barter item when the dollar collapses. Alcohol may be worth just as much as silver for that matter. Living the gospel of Christ is an action not a thought. |
Anonymous Coward User ID: 80820382 United States 06/14/2022 01:31 PM Report Abusive Post Report Copyright Violation | Problem here is pawnshops still use official rate when buying from you. Quoting: Anonymous Coward 83468125 Lets say 1oz pure silver is $20 spot price Nobody seels to you for less than $30 Nobody pays more than $12 buying from you If you need $100 better keep change in your wallet Say you are investor and have 2 boxes of silver / 1000 oz/ , look how much money you lost Paid $30k , sold for $12k -lost $18k Spot metal prices are for few chosen ones Only Anyone who believes this shill, is likely the dumbest f$ck on the face of this Earth. It must have been Brandon. No one else is that stupid. |
Larp Commander
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Pres. Elect Festus Hoggbottom
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Revisionist
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Tioga
User ID: 4599677 United States 06/15/2022 06:29 PM Report Abusive Post Report Copyright Violation | Most want fast money, I bought in 30 years ago at 4.00 an once. Also bought several coins graded they have all done well. Most buy and then sell when they need money and sell at lose. I never handed someone a large piece of silver that did not buy some. Most on here talk shit and don't own any and never will. How I got started won 750.00 at casino and on way home stopped at garage sale, guy had boxes full of silver Morgans for 5.00 dollars each, bought all he had. Many of those are worth 80-150.00 each now, yep worth less investment. |
Anonymous Coward User ID: 80057921 United States 06/15/2022 07:14 PM Report Abusive Post Report Copyright Violation | People are going to need to camp on their metals all the way through the crash and into the rebuild process.. and they better hope a new-age (digital) system isn't ready to phase out (or outlaw) everything non-digital.. But we already know this is the plan Keep buying those shiny rocks with peacock designs, the handful of dealers in your town will take care of everyone's exchange needs, no problem |
Anonymous Coward User ID: 58514364 United States 06/15/2022 07:50 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 78121322 United States 06/15/2022 08:48 PM Report Abusive Post Report Copyright Violation | I bought a ton of silver back when it was 6 dollars an ounce. Holding on to it over time has really paid off. Silver and Gold used to be the value behind actual dollars until that was changed sometime in the 70's. Now the dollar has nothing backing it at all, but silver and gold are still available. It should go up in price as the dollar drops. I think it's manipulated and should be much higher. |
Anonymous Coward User ID: 73120917 United States 06/15/2022 08:58 PM Report Abusive Post Report Copyright Violation | Not if they collapse the entire system. Yes it's under valued, but if there are no goods to exchange silver for then it's just metal. It seems like they want force mark digital slave world. If that happens my opinion this world isn't worth it to give up all free will to live. |
Anonymous Coward User ID: 78642642 United States 06/16/2022 06:57 PM Report Abusive Post Report Copyright Violation | Silver is a good backup currency and its physical properties are nearly identical to gold so it will always be useful as a precious metal. Its commonality makes it as cheap as it is and with populations booming that means theres enough to go around and fuel an enconomy (if we were actually using it for currency) Is it a hedge? Not at all, it is a real market commodity and has real world use and value. People are urged to invest indirectly with multitudes of suggestions just like any targeted advertising campaign, so with anything like that you can expect certain demographics or people of particular lifestyles being persuaded to invest their money in silver although any of the other precious metals are good investments too. Its all about taste and perspective. Personally I would invest in gold, platinum and rhodium because I drink straight liquor and silver is the beer of the metals world and I don't feel like getting all puffy and bloated. |
Anonymous Coward User ID: 5461667 United States 06/16/2022 07:05 PM Report Abusive Post Report Copyright Violation | Sooner or later, KABOOOOMM! |
Auburnite
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_Trey_
User ID: 49339947 United States 06/18/2022 08:23 AM Report Abusive Post Report Copyright Violation | We are getting very close to the end game |
Anonymous Coward User ID: 80654843 United States 06/18/2022 09:47 AM Report Abusive Post Report Copyright Violation | It will be. Soon I think. All metals, precious and otherwise often require large amounts of energy ie fuel, to run all of the equipment for mining, processing and delivery. What has continued to be more expensive by the day? FUEL! So I think that we are on he cusp of a potential breakout in the physical metals markets. You can't continue to swallow the costs of fuel for long without passing the costs on. Silver is affordable. Gold becoming less so. Gold is the money of Kings. Silver is the money of Gentleman. Barter is the money of Peasants. Debt is the money of Slaves. GOLD IS KING.. |
Larp Commander
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Deplorableduckhunter
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