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Gold and silver, Investments |
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mirocu |
Aug 18 2015, 02:12 PM
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Spam Meister
Joined: 8-February 13
From: [CLASSIFIED]
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QUOTE(Grits @ Aug 18 2015, 03:07 PM) I am not fully awake yet and from the thread title I totally expected a screenshot of Lothran�s ingot stash. This is what happens when you click through from the new posts window. Well, he does have a collection of gold and silver nuggets... QUOTE(Grits @ Aug 18 2015, 03:07 PM) It seems that coins would be handier if you intend to use them as currency.
That�s how I feel too. Not saying we will get back to handling physical precious metal but on the other hand I don�t trust the bills and coins in my wallet either. There�s talk about bitcoins but that�s an electronic currency and is therefore subject to direct manipulation by the hands of those who conjured them up. Everything can be manipulated but nothing more easily than electronic currency. This post has been edited by mirocu: Feb 26 2018, 07:45 PM
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Lol birdIt matters not how strait the gate, How charged with punishments the scroll, I am the master of my fate, I am the captain of my soul.
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ghastley |
Aug 18 2015, 03:01 PM
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Councilor
Joined: 13-December 10
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If the games are anything to go by, you'd rather have weapons and armor than gold.
The only thing currency has going for it is that all merchants use it, and it's that agreement on a common standard that's the important factor. Precious metals were that standard at one point, mainly for the high value to weight ratio. Since the games let you carry unrealistic amounts of armor, they're better units of value.
Now spell scrolls would be even better, if only more merchants would take them.
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Mods for The Elder Scrolls single-player games, and I play ESO.
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Acadian |
Aug 18 2015, 03:41 PM
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Paladin
Joined: 14-March 10
From: Las Vegas
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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.
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mirocu |
Aug 18 2015, 04:02 PM
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Spam Meister
Joined: 8-February 13
From: [CLASSIFIED]
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QUOTE(Acadian @ Aug 18 2015, 04:41 PM) 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
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Lol birdIt matters not how strait the gate, How charged with punishments the scroll, I am the master of my fate, I am the captain of my soul.
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ghastley |
Aug 18 2015, 05:25 PM
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Councilor
Joined: 13-December 10
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Well, that's very much dictated by supply and demand. The Dutch are making more land, and doing it by getting rid of the water.
The Californians would like the water right now. Maybe they'd trade land for it?
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Mods for The Elder Scrolls single-player games, and I play ESO.
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mirocu |
Aug 27 2015, 11:00 AM
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Spam Meister
Joined: 8-February 13
From: [CLASSIFIED]
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Top 17 reasons to own goldThis post has been edited by mirocu: Feb 25 2018, 09:18 PM
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Lol birdIt matters not how strait the gate, How charged with punishments the scroll, I am the master of my fate, I am the captain of my soul.
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mirocu |
Sep 14 2015, 11:00 AM
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Spam Meister
Joined: 8-February 13
From: [CLASSIFIED]
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The hardest thing when buying physical gold and silver is not to get fakes. Like I said I buy from two reputable dealers and that´s really all I can do. All tests I can perform involve leaving permanent damage on the bars and coins and it´s just not worth it, especially if they turn out to be real.... Anyway, here´s the reasons I don´t talk about my little hobby with my family.
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Lol birdIt matters not how strait the gate, How charged with punishments the scroll, I am the master of my fate, I am the captain of my soul.
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mALX |
Sep 14 2015, 12:13 PM
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Ancient
Joined: 14-March 10
From: Cyrodiil, the Wastelands, and BFE TN
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QUOTE(mirocu @ Sep 14 2015, 06:00 AM) The hardest thing when buying physical gold and silver is not to get fakes. Like I said I buy from two reputable dealers and that´s really all I can do. All tests I can perform involve leaving permanent damage on the bars and coins and it´s just not worth it, especially if they turn out to be real.... Anyway, here´s the reasons I don´t talk about my little hobby with my family. *mALX hides shovel and dons "Cloak of Invisibility;" makes secret trip to Mirocu's nest and begins carefully checking floorboards and digging holes*
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mALX |
Sep 14 2015, 04:35 PM
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Ancient
Joined: 14-March 10
From: Cyrodiil, the Wastelands, and BFE TN
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QUOTE(mirocu @ Sep 14 2015, 10:02 AM) QUOTE(mALX @ Sep 14 2015, 01:13 PM) *mALX hides shovel and dons "Cloak of Invisibility;" makes secret trip to Mirocu's nest and begins carefully checking floorboards and digging holes*
*mALX should remember that mirocu has an excavator and can thus dig his treasures pretty deep* *mALX uses Mirocu's 'cavator while he and his parents go to car shows Wednesday nights; digs up recently 'cavated spots...* This post has been edited by mALX: Sep 14 2015, 04:36 PM
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