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Personal Finance and Investing

ret5hd

(21,320 posts)

3. I think people misunderstand the "purpose"...

Reply to doc03 (Reply #2)

Sun Nov 27, 2022, 09:10 AM

Nov 2022

of gold, silver, etc.

I have some amounts of both…for a very particular reason…and it is not to make money.

Metals are a utilitarian way to transfer some amount of wealth from one side of a political/economic catastrophe to the other side. To give you some amount of cushion/starting point after a collapse.

That is really their only value. Hopefully, mine will never be used for that. Hopefully, I will pass it on to someone that understands the purpose…and hopefully that person will pass it on also.

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Why are silver prices so low? Every morning I hear this guy on the TV saying there is the [View all] doc03 Nov 2022 OP

I think someone is trying to sell you silver. ret5hd Nov 2022 #1

I know, I have been hearing that for years that silver and gold are going to pop any day doc03 Nov 2022 #2

I think people misunderstand the "purpose"... ret5hd Nov 2022 #3

I heard an excellent analogy for gold... A HERETIC I AM Nov 2022 #6

Just don't buy tech stocks. That's like buying tulips (I had fun with that yesterday) progree Nov 2022 #7

You're braver than I am.... A HERETIC I AM Nov 2022 #9

A coupon, typically $10 off, is what they use to entice you to buy a lousy bond progree Nov 2022 #10

LOL....Nailed it! A HERETIC I AM Nov 2022 #11

There's a reason so many RW radio shows push silver and/or gold Clash City Rocker Nov 2022 #4

Exactly. Simplistic ads for manipulable suckers. . . nt Bernardo de La Paz Nov 2022 #5

but then they bait and switch to overpriced collectible coins keithbvadu2 Nov 2022 #8