Andylusion
Platinum Member
Not a great investment, prices are volatile.
Okay to have a bit, but remember, when trading during the Apocalypse, it won't be worth much.
A thing with commodities, including precious metals, is that no matter what happens to the economy, they will retain some value. Our monetary system could collapse, and our dollars could become worthless. Banks can fail. Companies can fail, rendering any stocks, binds or other securities based on them worthless.
But silver and gold were valuable long before any of these other means of storing wealth even existed, and silver and gold will be valuable no matter what happens to these other media.
People keep saying that... but that isn't how it happens in the real world.
Our monetary system could collapse... sure. It could, in theory. But even then, in most countries you don't see people resorting to gold.
When Greece was in the worst of their crash, people didn't resort to gold. Because stores still didn't take gold.
In Venezuela, people still don't buy stuff with gold. Because there was nothing to buy. Doesn't matter if you have gold, if there is no food. You can't live off of gold.
My point is, if the country becomes so wrecked that money becomes worthless... gold generally doesn't help you.
There are few exceptions to that.
For example, in Zimbabwe, the local currency became so worthless, that people resorted to gold. But you have to keep in mind that the value of assets and tradable commodities existed already, and still had value. The companies in Zimbabwe still existed.
It was exclusively their currency that was worthless, not anything else in the system.
And in a fairly short amount of time, people started trading in US dollars, and Euros.
So even in that system, it was pretty quick that everyone switched to a recognized currency, not gold.
No country trades in metals for any period of time. And it is unlikely to ever happen here in the US.
I will stick with my gold and silver. Paper money is only valued on what you believe it to be. Precious metals will always be valuable. NO matter how much propaganda you preach.
I didn't say you shouldn't stick with your gold and silver. By all means, do whatever you want.
You asked if it was a good investments, and the answer is no.
And far as "propaganda"... 100 years of economic history, is not propaganda. If you can't figure out the difference, maybe you should keep quiet, and learn from people who do.
I didn't ask about anything, maybe OP did. I know what I am doing. I have more money then you will ever see. I can help people in making the money they want though. You are just focusing on a useless source.
I don't need to have as much money as you. I don't even care. Why would that matter to me, if you have more money than me?
Are you motivated by greedy and envy or something?
In my world, I want everyone to win. Nothing would make me more happy than to see everyone succeed. Why I want you to have less money than me?
That's dumb. Childish thing to say.
But if someone asks what is a better investment, factually speaking, my mutual funds have more than doubled in value. I've averaged 14% rate of return for the last 10 years.
Certainly better than any investment in gold or silver, and by a wide margin.