gwalchmai Posted March 13, 2021 Share Posted March 13, 2021 With the passing of this latest Porkulus bill I've asked my advisor to look at moving a portion of my investments into inflation-resistant options. No matter how woke we become, fundamentals is fundamental. Change my mind. Link to comment Share on other sites More sharing options...
Historian Posted March 13, 2021 Share Posted March 13, 2021 Its done well over the years I remember when gold was selling for $250 an ounce. It's now well past that amount. However, I've thought silver was about improve dramatically for a while. 1 Link to comment Share on other sites More sharing options...
GT4494 Posted March 13, 2021 Share Posted March 13, 2021 1 minute ago, Historian said: Its done well over the years I remember when gold was selling for $250 an ounce. It's now well past that amount. However, I've thought silver was about improve dramatically for a while. how about when it was $32 per ounce. Yeah I'm old....... 1 Link to comment Share on other sites More sharing options...
Dric902 Posted March 13, 2021 Share Posted March 13, 2021 I’ve always bought more silver than gold. The return has been as good or better. always good to have some in the safe. Link to comment Share on other sites More sharing options...
railfancwb Posted March 13, 2021 Share Posted March 13, 2021 1 hour ago, Dric902 said: I’ve always bought more silver than gold. The return has been as good or better. always good to have some in the safe. Silver, especially “junk” USA coinage - halves and under - has seemed advantageous up to a point. Routine transactions might be more easily made with such. 2 Link to comment Share on other sites More sharing options...
Walt Longmire Posted March 13, 2021 Share Posted March 13, 2021 Should have picked up some Rhodium when it was 2000 an ounce. Link to comment Share on other sites More sharing options...
railfancwb Posted March 13, 2021 Share Posted March 13, 2021 2 minutes ago, Walt Longmire said: Should have picked up some Rhodium when it was 2000 an ounce. Problem with any investment - stocks and bonds or hard goods - is how to sell it later. 2 Link to comment Share on other sites More sharing options...
crockett Posted March 13, 2021 Share Posted March 13, 2021 2 hours ago, gwalchmai said: With the passing of this latest Porkulus bill I've asked my advisor to look at moving a portion of my investments into inflation-resistant options. No matter how woke we become, fundamentals is fundamental. Change my mind. Day traders make money both ways, not just by shorting the stock market, but by using small cap cappers that don't care about the economy, bond yields, federal injections, etc. You still see at least 10 going up 30% on the day, in average 2 to 3 over 100%, and regularly parabolic runners up to 4,000%. On the day. All you need is a real time scanner, a proper direct routing broker, fast internet, fast computer, and time to learn this strategy. In general, once you get out of the concept of saving and preserving money, and instead working WITH it actively, inflation becomes irrelevant. 1 1 Link to comment Share on other sites More sharing options...
Cheygriz Posted March 13, 2021 Share Posted March 13, 2021 Gold and silver are great. but what are you going to do with it if the economy collapses? Can't very well trade gold bars for groceries. 750 ml bottles of whiskey will be far easier to trade. 3 Link to comment Share on other sites More sharing options...
gwalchmai Posted March 13, 2021 Author Share Posted March 13, 2021 32 minutes ago, Cheygriz said: Gold and silver are great. but what are you going to do with it if the economy collapses? Can't very well trade gold bars for groceries. 750 ml bottles of whiskey will be far easier to trade. Lead and brass, as well, but gold and silver have intrinsic value, too. 1 Link to comment Share on other sites More sharing options...
Dric902 Posted March 13, 2021 Share Posted March 13, 2021 1 hour ago, Cheygriz said: Gold and silver are great. but what are you going to do with it if the economy collapses? Can't very well trade gold bars for groceries. 750 ml bottles of whiskey will be far easier to trade. Reloading press and supplies for numerous calibers. ‘Bill Gates of the Apocalypse’ . 1 Link to comment Share on other sites More sharing options...
railfancwb Posted March 13, 2021 Share Posted March 13, 2021 1 hour ago, Cheygriz said: Gold and silver are great. but what are you going to do with it if the economy collapses? Can't very well trade gold bars for groceries. 750 ml bottles of whiskey will be far easier to trade. Or ammunition or cigarettes for that matter. Once again the advantage of having some “junk” USA silver coins. Widely recognized. Consistent value per unit of a denomination. Dimes are small enough in value to make trading for food items practical. Some Kennedy halves were 40% silver. Some were 90% silver and all pre-clad coins were 90% silver. I think true silver dollars - Peace and earlier were 90% silver and weigh a bit more than $1 in Dimes and quarters. Don’t offhand where the 90% halves fit weight wise. 1 Link to comment Share on other sites More sharing options...
Dric902 Posted March 13, 2021 Share Posted March 13, 2021 Barter goods and/or skills 1 Link to comment Share on other sites More sharing options...
railfancwb Posted March 13, 2021 Share Posted March 13, 2021 3 hours ago, railfancwb said: Or ammunition or cigarettes for that matter. Once again the advantage of having some “junk” USA silver coins. Widely recognized. Consistent value per unit of a denomination. Dimes are small enough in value to make trading for food items practical. Some Kennedy halves were 40% silver. Some were 90% silver and all pre-clad coins were 90% silver. I think true silver dollars - Peace and earlier were 90% silver and weigh a bit more than $1 in Dimes and quarters. Don’t offhand where the 90% halves fit weight wise. Looked it up. Peace and Morgan 90% silver dollers equal in weight 10.69 silver dimes. Quarter = 2-1/2 dimes. Half = 5 dimes. The 40% Kennedy half = 2.629 silver dimes. 1 Link to comment Share on other sites More sharing options...
MO Fugga Posted March 14, 2021 Share Posted March 14, 2021 11 hours ago, Walt Longmire said: Should have picked up some Rhodium when it was 2000 an ounce. It was at 14k not too long ago. Link to comment Share on other sites More sharing options...
Walt Longmire Posted March 14, 2021 Share Posted March 14, 2021 1 hour ago, MO Fugga said: It was at 14k not too long ago. Nearly twice that now. Link to comment Share on other sites More sharing options...
MO Fugga Posted March 14, 2021 Share Posted March 14, 2021 It's a wild ride. Link to comment Share on other sites More sharing options...
MO Fugga Posted March 14, 2021 Share Posted March 14, 2021 15 minutes ago, Walt Longmire said: Nearly twice that now. What a difference a year makes. Link to comment Share on other sites More sharing options...
tadbart Posted March 16, 2021 Share Posted March 16, 2021 On 3/13/2021 at 11:21 AM, Walt Longmire said: Should have picked up some Rhodium when it was 2000 an ounce. I did. ...and sold at $3k. FML. 1 Link to comment Share on other sites More sharing options...
Walt Longmire Posted March 16, 2021 Share Posted March 16, 2021 15 hours ago, tadbart said: I did. ...and sold at $3k. FML. Well, at least you sold it at a profit. 2 Link to comment Share on other sites More sharing options...
tadbart Posted March 16, 2021 Share Posted March 16, 2021 49 minutes ago, Walt Longmire said: Well, at least you sold it at a profit. Yes. I wouldn't get into that stuff right now for anything! If It tanks again, I'll load up. But I don't expect it's gonna go anywhere near 3 grand again for a long time. 1 Link to comment Share on other sites More sharing options...
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