Gold and silver, Investments Options

[mirocu]

If anyone is interested in this I would suggest getting the real, physical stuff (and from a solid, reputable dealer) as opposed to paper gold or silver as that at the end of the day is just that; paper.


I also thought we could use this thread to talk about investments in general. What do you feel is the best one?



This post has been edited by mirocu: Feb 26 2018, 07:44 PM

[Acadian]

Historically, gold has held its value well. For thousands of years, an ounce of gold has been able to purchase (on average) three hundred loaves of bread or a stylish suit of men’s clothes. So as an investment, it has its own unique niche that may fit into your portfolio from a diversification perspective. During uncertain times, the value of gold does indeed tend to rise.

Don’t confuse uncertain times with a catastrophe, massive crash of markets, post-apocalyptic scenario or the like. Then you are talking anarchy, empty stores, roving armed gangs anxious to take your stuff. If you show up at the local grocery store with a pocket full of gold coins, the store will be empty from looting, and the looters will beat you up and steal your gold.

For such a scenario, you need the real things required for survival: food, shelter, water, medical supplies, etc. You also need the weaponry and physical ability (read youth/hardiness) to survive in austere conditions and protect what is yours. This type of scenario may be survivable for well-prepared younger folks in rural or semi-rural areas. I am old and live in a moderate sized city however – so such a scenario is simply not survivable for me. Age is not completely devoid of perks, however. With more years behind than ahead of me, I’m prepared to check out at any time, content that I’ve had a wonderful life.

[mirocu]

For such a scenario, you need the real things required for survival: food, shelter, water, medical supplies, etc. You also need the weaponry and physical ability (read youth/hardiness) to survive in austere conditions and protect what is yours.

Once again Acadian proves his wisdom

Indeed, those things hold the very true value since gold can neither feed or protect you directly. Only food and loaded guns can. Youth and cleverness also help, I guess.



This post has been edited by mirocu: Feb 25 2018, 09:18 PM