Brains_N_Boobs
Literotica Guru
- Joined
- Nov 3, 2006
- Posts
- 35,477
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As a virtual porn board "anarchist", you have no clue sbout what "self-contained" involves.Not to fear, I have bullion. Some of oro and mostly plata. And ammo. And the new shottie is sittin' right here. <<<<
I figure that it's all good for barter if-r-when the SHTF. And Out West, we're headed toward self-contained. Not that far away.
It could go to $100 if the present rate holds. The problem with selling is that you're exchanging value for something that represents diminishing value.
Precious metals took a serious beating yesterday. It's a bad call to be thinking that it's a good investment when it's at an all time high.
Serious beating? Can we even say that, or will the pansy-bois report us to Mommy?? Maybe they think that "precious metals" is code for "candy asses." Or firearms, or ammo, or Things That Hurt Their Widdle Feewers. I'm sure it's sad no matter how you slice it on Planet Lit Libturd, where Kammie is Prez'dent For Life.
Or maybe metals are making a bit of a comeback today, so far.
Buy low, sell high. The trick is recognizing low when it happens. And high.
Silver is still down $3.50/oz from it's high on the 26th. Gold is down $150/oz.
$150/oz ain't chump change and it don't matter whether you're holding physical or just paper.
I’ve held most of mine for over twenty years, and in that sense, it has been a good investment, because it has retained value over time. The problem arises when you sell at the highs: you’re often just exchanging a hard asset for a depreciating one. In effect, you’re not profiting so much as cashing in on the dollar’s decline. That highlights the distinction between nominal gains and real purchasing power. Gold and silver function less like speculative investments and more like monetary insurance. Selling them without a clear plan to preserve purchasing power on the other side often defeats the purpose of owning them in the first place. I tend to view precious metals not as something to “exit,” but as a source of liquidity, useful only when converting into other undervalued real assets.Precious metals took a serious beating yesterday. It's a bad call to be thinking that it's a good investment when it's at an all time high.
I’ve held most of mine for over twenty years, and in that sense, it has been a good investment, because it has retained value over time. The problem arises when you sell at the highs: you’re often just exchanging a hard asset for a depreciating one. In effect, you’re not profiting so much as cashing in on the dollar’s decline. That highlights the distinction between nominal gains and real purchasing power. Gold and silver function less like speculative investments and more like monetary insurance. Selling them without a clear plan to preserve purchasing power on the other side often defeats the purpose of owning them in the first place. I tend to view precious metals not as something to “exit,” but as a source of liquidity, useful only when converting into other undervalued real assets.