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04-03-2024, 04:10 PM
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#1
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 41,251
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You may want to get yourself some silver, or gold.
I prefer silver. I’ve Been stacking it for around ten years. I have some gold, but not nearly as much as silver. Both have been assets for thousands of years. The USD is merely a debt. Trade that debt and buy assets. We live in tumultuous times.
https://m.youtube.com/watch?v=3RrTcrF5B1M
You’ll thank me later.
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04-03-2024, 04:40 PM
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#2
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 41,251
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04-03-2024, 06:08 PM
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#3
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 41,251
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04-03-2024, 07:01 PM
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#4
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Valued Poster
Join Date: Dec 31, 2009
Location: Da Burgh
Posts: 2,225
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Or guns and ammo.
My ammo stash value has about doubled or more in value in the last year, guns not as much.
The plus is, you can easily take someones gold, if they don't have a gun to protect it.
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04-03-2024, 08:31 PM
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#5
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Valued Poster
Join Date: Oct 8, 2013
Location: Never where I want to be
Posts: 162
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Idk man, seems like a bad deal. No yield, difficult to liquidate, low return historically vs stocks, and gold has relatively few uses, and even less in a really bad shtf scenario.
And as devo points out, that if things get so bad the dollar is not worth anything, people will just steal the fat old people's gold from them along with truly valuable things like fuel, food and water.
Silver seems slightly better though, but I am going to trust the US will still be afloat for at least the next 50 years or so I'll likely be alive and invest in the s&p 500.
If you bought the market vs gold these past ten years would be further ahead methinks. But as always you do you!
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04-03-2024, 11:15 PM
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#6
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Valued Poster
Join Date: Sep 26, 2021
Location: down under Pittsburgh
Posts: 9,689
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... We Australians surely know about Gold and Siver as much as
anybody else, maybe more... And both are always a good investment
against a weak dollar... Though sometimes, collecting either
of them CAN be a drawback for people.
Hmmmm... Both Goldfinger and Judas quickly come to mind...
Just sayin'
#### Salty
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04-04-2024, 04:38 AM
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#7
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 41,251
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Quote:
Originally Posted by Devo
Or guns and ammo.
My ammo stash value has about doubled or more in value in the last year, guns not as much.
The plus is, you can easily take someones gold, if they don't have a gun to protect it.
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I have lead too.
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04-04-2024, 04:54 AM
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#8
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 41,251
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Quote:
Originally Posted by zippyboy
Idk man, seems like a bad deal. No yield, difficult to liquidate, low return historically vs stocks, and gold has relatively few uses, and even less in a really bad shtf scenario.
And as devo points out, that if things get so bad the dollar is not worth anything, people will just steal the fat old people's gold from them along with truly valuable things like fuel, food and water.
Silver seems slightly better though, but I am going to trust the US will still be afloat for at least the next 50 years or so I'll likely be alive and invest in the s&p 500.
If you bought the market vs gold these past ten years would be further ahead methinks. But as always you do you!
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Precious metals are a hedge and insurance policy. Silver is used in just about everything we use. It’s the most conducive and reflective metal on earth. No silver no green new scam. China is scooping up as much as they can for production of solar panels and EVs. Once the silver is used, it’s gone. So, the Silver to Gold ratio is out of wack. It’s 88/1. It should be closer to 8/1.
The spot price of silver was 27.34 yesterday. It’s still affordable. Buy physical silver or gold. Keep it in your possession. If you don’t hold it, you don’t own it. Paper transactions can be gone with a click of a mouse.
If you don’t think there’s a banking crisis in the world you haven’t been paying attention. Same with the USD. The Petro Dollar is over. Saudi Arabia and other OPEC countries are now accepting other currencies for oil. The BRICS Alliance is accepting other currencies as settlement. And are creating their own currency. Probably backed by gold. The banks are heavily invested in bonds and derivatives backed by small amounts of assets. If the derivative markets bubble bursts, goodbye banks. 4 banks failed last year. That was just the beginning.
Protect yourself or not. You do you.
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04-04-2024, 05:10 AM
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#9
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 41,251
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Quote:
Originally Posted by Salty Again
... We Australians surely know about Gold and Siver as much as
anybody else, maybe more... And both are always a good investment
against a weak dollar... Though sometimes, collecting either
of them CAN be a drawback for people.
Hmmmm... Both Goldfinger and Judas quickly come to mind...
Just sayin'
#### Salty
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How CAN it be a drawback? It’s Gods money. I also have 50 silver Kangaroos. Just for shits and giggles.
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04-04-2024, 05:35 PM
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#10
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 41,251
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Do you believe the United States should return to the gold standard???
Lin ❤️
www.FightBack.law
#FIX2020IN2024
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04-04-2024, 06:49 PM
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#11
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Valued Poster
Join Date: Dec 31, 2009
Location: Da Burgh
Posts: 2,225
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Bambino, I must apologize for attempting to hijack your thread by mentioning something other than gold that may be valuable.
Sorry, I meant no harm.
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04-04-2024, 10:35 PM
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#12
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Valued Poster
Join Date: Sep 26, 2021
Location: down under Pittsburgh
Posts: 9,689
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Quote:
Originally Posted by bambino
How CAN it be a drawback? It’s Gods money. I also have 50 silver Kangaroos. Just for shits and giggles.
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... Hmmm... You're correct that it's NOT a drawback, mate.
Though I'm not sure WHO got Goldfinger's belongings.
OR those 30 pieces of silver that Judas had.
... Somebody became rich....
... Bambino (and Donald Trump jr.) can suggest the GREAT
investments into Gold and Silver! ... Buy some today!
#### Salty
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04-05-2024, 12:37 PM
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#13
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Premium Access
Join Date: Jan 21, 2011
Location: Bonerville
Posts: 5,634
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Quote:
Originally Posted by bambino
Do you believe the United States should return to the gold standard???
Lin ��❤️����
www.FightBack.law
#FIX2020IN2024
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Umm there isn't enough gold to do that, ...and the economy would not stutter, it would fail. Full fath of the USA is what the dollar and economy is based on. Perhaps a balanced budget is a good solution, but to jump to a common denominator like gold is not remotely an option. Representation of electronic funding etc would never be existent if that was the case.
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04-05-2024, 01:49 PM
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#14
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 41,251
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Quote:
Originally Posted by eyecu2
Umm there isn't enough gold to do that, ...and the economy would not stutter, it would fail. Full fath of the USA is what the dollar and economy is based on. Perhaps a balanced budget is a good solution, but to jump to a common denominator like gold is not remotely an option. Representation of electronic funding etc would never be existent if that was the case.
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You seem to say things without knowing facts. Ummm, we were on the Gold Standard until Kissinger hoodwinked Nixon to make a deal with the Saudis and OPEC to create the Petro dollar in 71. At that time, the debt was in control and the Fed couldn’t print funny money. Now we’re 35 trillion in debt with no end in sight. The Fed continues to print funny money. We are now the largest debtor nation in the history of the world. Where on earth did all the money go Eye? It’s gone. “Full faith of the American Government”. What a fucking joke. Half the world’s population is now a member of the BRICS alliance. They are running away from the dollar. Russia went back to the gold based Ruble. Other countries are doing the same thing. Zimbabwe just did.
But hey, it’s happening in front of your eyes, Eye. Back to precious metals. They’ve been assets since the beginning of time. Historically, Fiat currencies crash in 50yrs. The Fiat dollar is in year 53. Silver is the most undervalued asset on earth. Why wouldn’t one want to have some in their portfolio? Even at today’s spot price, $27.50, it’s affordable. Gold not so much. Even tho Gold is reaching record highs, silver is out performing it on a percentage basis. But you keep the faith where you want to.
https://www.monetarygold.com/global-...0date%E2%80%9D.
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04-05-2024, 02:47 PM
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#15
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 41,251
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Here’s an 8 minute video that explains recent events in the bullion market. It’s a worthwhile listen;
https://m.youtube.com/watch?v=6k1CYSKd4iA
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