Posted on 07/09/2020 2:55:28 AM PDT by SteveH
Agreed
I agree with your statement only to a certain extent: there are only so many AR-15s, ammo for the AR-15s, c-rations, etc. that one person or family is able to store, use, and guard.
Gold, however, is one way to pack a large amount of value into a very small space. This makes is easy to conceal, easy to transport, and easy to smuggle.
Yes, cover the basics first. Then decide how best to invest the rest.
Sell your gold and buy silver, the current ratio is about 95 to 1 , throughout the history of these metals being used as currency it was always 20 to 1, it is likely to see a ratio more like the historical ratio if prices are not manipulated.
silver was 48 dollars in about 2012 when gold was about 1800
so its price of 18 today could easily triple. I dont have a Chrystal ball but I am placing all my bets on SILVER.
Of course I already have lead, blue steel and canned food covered,
Gold is not much of an investment; it is an insurance policy against inflation but fall short of other investments in that regard (https://www.investopedia.com/articles/investing/092514/better-inflation-hedge-gold-or-treasuries.asp#:~:text=Gold%20is%20often%20hailed%20as,provide%20inflation%20protection%20built%2Din.). Gold is not easy to transport or smuggle, and it is ripe for confiscation once uncovered. Crypto currencies do not have the same problem as gold, but have other problems. There is no certain way to lay up and preserve earthly treasures.
How about brass & lead?
Don’t chase it like that. You will probably not catch up.
Buying silver right now has a better probability of a higher return.
That said, my gold and silver stashes are not really “investments”, but rather a hedge against future currency problems. We’ve been up and down—and through it all I’ve been making regular purchases.
There is no need to chase it unless you are REALLY confident the spread is going to change a lot.
Exchanging the profits from crypto a few years ago into gold and silver turned out pretty well. I still have what I consider to be an obscene return on cryptos.
Every once in a while, I roll some more into metals.
The metals ARE a bitch to move (physically.)
Totally agree with you on that. I also agree that gold can be confiscated just as well as anything else. It’s not a certain thing, just a form of portfolio diversification.
your BIL sounds a bit like a cheapskate to me. i hope he at least put you in his will in repayment for all the dreck you get from him, lol.
I am sure there’s not a dime for me :-)
it’s already written out and he has a structured so that his daughter only gets a certain amount every year add her daughter only gets a certain amount if she ever has one. She’s 16 :-) he’s a nut.
I think the hardest points was seeing my mother have to move out of her condominium because she could no longer afford the mortgage and he could have paid it off like it was some spare change but he didn’t. She moved to a very small apartment and has been in early stages of dementia after only six months there.
It wasn’t a tremendous amount that she owed maybe several hundred thousand but she just couldn’t make ends meet even with help from her kids. I wish I had been successful and had been able to pay it off because after she moved from all her friends there she went straight downhill.
She has five kids and we visit her regularly and she stays over my sister’s houses often but she’s still not the same.
Worth 70 million dollars. Olmayne more. And he couldn’t pay off a few hundred thousand of his mother-in-law’s mortgage.
we are conservatives here so I understand what somebody does with his or her money is their business. We are also family-oriented because we are conservative and if it’s looked at from that way it was a very disappointing thing.
i have a similar story.
if it is any comfort, someone told me that sibling rivalry is due to natural darwinian survival.
i did not pay much attention to darwin, or to machiavelli, during my student years— under the impression that it had nothing to do with modern day to day living.
it is sad to watch the parents suffer and be legally powerless to do anything.
:-(
And the gold should be in things like links, wedding bands, jewelry. Stuff that looks old and slightly worn is best.
Silver is easier to exchange and less noticeable.
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