Is Silver next?

DoggyDaddy

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Well, I just dipped my pinky toe into the water. Ordered four 1 oz. Silver Rounds (Secondary market) for $137.20 shipped from APMEX., so 34.30/oz, $5.80 over spot (if I'm understanding correctly). Paid by check, so no CC or Paypal fees. So now I just hope it goes to $50, right? Am I an idiot? :):
 

DoggyDaddy

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Owning real metal is rarely a bad move, especially if you are using it as a store of value as opposed to a money-making venture.
Meanwhile, they are burning out presses printing more greenbacks...
I do feel more comfortable investing in physical metals than bitcoin. I can't help but thinking there will come a day when everyone realizes that the emperor is actually naked. (Because bitcoin to me seems like a figment of someone's imagination).
 

BigRed

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I do feel more comfortable investing in physical metals than bitcoin. I can't help but thinking there will come a day when everyone realizes that the emperor is actually naked. (Because bitcoin to me seems like a figment of someone's imagination).

When the **** hits the fan, cells are down, net is blocked, etc., good luck getting a "bit coin"
 

teddy12b

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As much as I like precious metals, I have to admit bitcoin has it's place. I see it as more of an investment tool than an opportunity to have currency after the fiat us dollar. I'll be the first to admit I wish I'd have bought some of it while it was $250 a coin and just held onto it. It's more of high risk speculative investing.

Silver is something I want in my hands right now that I know I have and can get my hands on.
 

turnerdye1

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I’ve currently got about 500 bucks invested in Doge coin. Elon musk is tied in with it pretty tight and selling at about a nickel makes it super affordable. Im guessing it’ll hit $1 by the end of the year but who really knows.

Still buying silver whenever I can find it too. Sadly resorting to eBay to help cut the premiums down a bit
 

Route 45

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When the **** hits the fan, cells are down, net is blocked, etc., good luck getting a "bit coin"
"Precious" metals have no more intrinsic value than fiat currency or cryptocurrency. They do have some utilitarian value, if you are into electronics and can process the metals to use them. Otherwise, they are like anything else...worth exactly what everyone else thinks they are worth, which is usually based on the same BS.

If society actually collapses to the point that US currency is worthless, I ain't trading anything for worthless shiny trinkets. Beans, bullets or GTFO.

The "gold standard"...isn't. Not anymore.
 

BigRed

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"Precious" metals have no more intrinsic value than fiat currency or cryptocurrency. They do have some utilitarian value, if you are into electronics and can process the metals to use them. Otherwise, they are like anything else...worth exactly what everyone else thinks they are worth, which is usually based on the same BS.

If society actually collapses to the point that US currency is worthless, I ain't trading anything for worthless shiny trinkets. Beans, bullets or GTFO.

The "gold standard"...isn't. Not anymore.
Whiskey is good to have on hand.... it is good for trade.
 

Tyler-The-Piker

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"Precious" metals have no more intrinsic value than fiat currency or cryptocurrency. They do have some utilitarian value, if you are into electronics and can process the metals to use them. Otherwise, they are like anything else...worth exactly what everyone else thinks they are worth, which is usually based on the same BS.

If society actually collapses to the point that US currency is worthless, I ain't trading anything for worthless shiny trinkets. Beans, bullets or GTFO.

The "gold standard"...isn't. Not anymore.
No one cares what you think about precious metals. This is a thread discussing the value of silver. Go take a dump somewhere else...
 

Route 45

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No one cares what you think about precious metals. This is a thread discussing the value of silver. Go take a dump somewhere else...
Well, someone woke up on the wrong side of the bed today.

:):

I'm not the one who started discussing other investments, such as cryptocurrency. Does everyone else who mentioned something other than silver have to go elsewhere to take a dump, or are there enough porta-potties in this thread for everyone?

Which reminds me...what's the spot price for toilet paper nowadays?

Dave Ramsey seems to be pretty popular in these parts. Let's see what he has to say about "precious" metals.

 
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rosejm

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Yeah, I'm very much a work in progress.
Nah, in the immediate market it's not quite as bad as ammunition (yet?) but the supply of retail silver is behind the current demand. Who knows, it could be headed to $50 if there's increased demand (or speculation):dunno:
 

DoggyDaddy

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Nah, in the immediate market it's not quite as bad as ammunition (yet?) but the supply of retail silver is behind the current demand. Who knows, it could be headed to $50 if there's increased demand (or speculation):dunno:
My 401K's have been doing well, so I look at this as just another way to diversify. I'm not dumping everything I have into silver (or gold or anything else for that matter). I think that's just wise (to diversify) in general. And it's something I've been interested in and if I can do it without getting hurt too badly if it goes south, why not? :dunno:
 

spencer rifle

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Well, Dave Ramsey normally has good advice, but he is making some invalid assumptions about some of us here. This is not specifically an investment to make money, though I would do very well if I sold today. In a short term emergency, perhaps not so useful. But short term emergencies don't last forever. After each collapse, gold and silver came back as a store of value. That's why buried hoards are still being dug up around the world.

Dave says diversify, and that's good. We mentioned bullets and beans, but bandaids are equally important. Some antibiotics and sterilants (where the booze comes in) are also very good to have.

Speaking of antibiotics, silver and copper still have value, besides just electronics and such. The oligodynamic effect allows then to clean water of bacteria and some viruses. Still works after your Berkey has given up the ghost, and is useful wherever antibiotic action is needed. Silver and plated flatwear are also antibacterial - useful in a survival situation.
 
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