Why You Should Save in Hard Money

Daily Reckoning ^ | 22 Sep 25 | Adam sharp

[delta7]

Paper is for spending, PM’s are for storing Wealth….it is no longer “how much you can make” ( in devaluing currency) , but how much you will not lose to inflation and a declining currency.

[hdbc]

Ltr.

[af_vet_1981]

For now, hold onto those precious metal investments tightly.

One can't really spend them. They have to be traded for currency to fund expenses. The markup on the transactions is relatively high. There is also the risk of untraceable theft. They are not as much investments as insurance against the total collapse of a government and its currency. Should that occur they are stolen from the vulnerable.

[Palio di Siena]

Guns are a good hedge and fun as well.

[irishjuggler]

So, $1.25 invested in silver in 1964 would be worth $39 in silver now.

And $1.25 invested in the S&P 500 on December 31, 1964, would worth $96.18 now... plus dividends.

Knock yourself out with metals if you want... but diversify too.

[irishjuggler]

...or $44 now (silver). Sorry.

[cowboyusa]

Criminal.

[Dan in Wichita]

The article had an error in it. 1964 half dollars were made of 90% silver. Half dollars of 40% silver started in 1965 and ran through 1970.

[sauropod]

Bkmk

[Leaning Right]

Gotta agree. You were lucky to hold silver and gold during the Weimar Republic. Germany was an orderly place, and you could trade your silver and gold for things you needed.

If the United States gets that bad, it won’t be an orderly place. Trading would be difficult and dangerous.

[Georgia Girl 2]

I think Trump plans to get back on the gold standard before he leaves office.

[Responsibility2nd]

For now, hold onto those precious metal investments tightly. It’s going to be a bumpy, but profitable ride.

_________________________________________________

Rate of Return Last 10 years....

Gold 8.8%
S&P Index 12.3%

[ChildOfThe60s]

Silver 320%

$14 in 2015
$45 in 2025

[Uncle Miltie]

Or, you could save in Stocks, and have six times as much as saving in silver.

You pick.

[CalTexan]

Now do California real estate.

It was 1961 when my friend bought a home in SoCal for 29K.

Today it is worth 1.5 million...

[fatboy]

I didn’t want to buy any gold or silver because of all the reasons others have expressed in the comments above. But then finally the day came when we were doing the following: 1. Paid off all of our debt, mortgage paid off and established a 6 month emergency fund. 2. started maxing out our 401Ks (most of it going into the S&P 500), 3. opened and funded a brokerage account. 4. saved enough cash to purchase a new car. Four steps accomplished and we still had some money left over to save/invest. At that monumental moment we purchased our first silver rounds. Paid $24/ounce for some buffalo rounds now worth $42. When the subject of metals comes up I always start with “It’s not an investment it’s a place to put money”. For those with debt, little or no savings, and not a defined money goal and plan, stay away from metals. But I love love love our stack and plan to buy more next week. Have a great day!

[wny]

You’re correct, but you completely miss the point…

[eyeamok]

Gold is the money of Kings
Silver is the money of gentlemen
Barter is the money of peasants and
Debt is the money of Slaves

[delta7]

Rate of Return…..
—————————
Here is the rate of return.

Gold Price Performance USD
Change Amount %

Today +17.05 +0.46%
30 Days +324.98 +9.52%
6 Months +690.18 +22.63%
1 Year +1,086.52 +40.95%
5 Year +1,860.63 +99.00%
20 Years +3,277.46 +708.44%
goldprice.org - 09:44 NY Time

Silver Price Performance USD
Change Amount %
Today +0.64 +1.43%
30 Days +5.74 +14.69%
6 Months +10.50 +30.61%
1 Year +13.17 +41.64%
5 Year +21.16 +89.54%
20 Years +37.53 +516.32%
silverprice.org - 09:45 NY Time

[kvanbrunt2]

I always laugh when someone says there is no inflation.