I never buy gold. It’s too expensive.
But my silver is rising right alongside gold!
My Bitcoin is, too!
https://www.reuters.com/markets/commodities/gold-flirts-with-record-highs-ahead-us-data-2024-10-17/
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IMO…
I bought into the Gold hype around 2011 (at least the wall street gold trust version so it would be easy to buy and sell in the shorter term)… lost money because I got tired of seeing it go down over 8 years, but I probably would have doubled it if I held it through today. Interestingly enough, I bought it because I was hearing both Dem and Rep talk pushing it. Here’s a chart of the S&P 500 vs gold value from “BigCharts” (black is gold value, brown is the S&P 500). This doesn’t include the dividends payed out from the S&P 500, just the stock prices:
Although the volatility in Bitcoin and Ether has potential rewards/losses on a quicker scale, I still place Crypto as more of a bet than an investment. That being said, I did buy a little under a thousand dollars worth a few years ago just to say I had some.
Here’s a link to Bitcoin and Ether’s movement over the last five years. If I were to do it over again I’d probably just have gotten BTC and not Eth. I use Yahoo Finance instead of BigCharts now a days because of the better chart illustrations and Yahoo’s “ticker symbol” for Bitcoin is BTC-USD and Ether is Eth-USD, making it easy to track or analyze the graph:
5 year Bitcoin vs Ether from Yahoo Finance
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Are you or did you take delivery?
I don’t buy unless I’m taking delivery.
The silver is simply worth something – where the fiat is not worth anything. Never has been, never will be. I buy the silver when there’s nothing else to invest in. I just like to stack it and play with it like a kid. Run my fingers through it. There’s nothing quite like silver. I don’t even bother counting it.
Buy it. Stack it. Own it. Metal rules. I should have been a metallurgist.
Steel is real.
Silver is win-win, 100%, all the way around.
Paper is worthless.
I buy no crypto. Only Bitcoin. Bitcoin is a ledger, is blockchain technology. It actually works to whatever purpose we choose to put it to.
But we’ll screw it all up, of course. Many governments are Bitcoin friendly, but our government can’t control it, so they hate Bitcoin and want to ruin it for us.
And again, one must take delivery of his Bitcoin, just like his metals. No leaving it on the exchanges. Take possession. Take ownership. Put it in your own wallet with your own keys. Orherwise, you got squat.
I have done crypto, made a pile with Litecoin in 2017/2018. Then got out of it. I hate crypto. Scam artists.
I think we can agree we need something to invest in other than the dollar.
Booze is a good business to get into. People always want their drinks.
Whatever we do, we can no longer let them control our money. Look at the wreckage now. Worldwide.
We have to control our own property and wealth. Or we’re screwed.
Giving politicians money is reckless. Look at their record. We owe them nothing. They owe us.
Giving bankers the power to sign money into existence must be criminalized.
Usury criminalized.
The empire’s crashing must be made into something new.
Opportunities abound, so long as we know these uber-rich monkeys are amassing great piles of wealth and cash and lands and treasures beyond our comprehension.
While we’re getting hosed, stabbed, whomped, shot and clubbed.
We gotta lotta work to do, kids. We’re gonna have to roll with some punches. But everything we need is right here.
Look on the bright side.
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I invest in lead. I buy 330,000 grain and usually spend half, so I keep extra 115,000 grain each month on the shelf.
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As soon as I retired from the workforce, I took 1/2 of my 401k and converted it into a precious metals IRA. I bought silver and gold, both in bullion and minted coin. That metal sits in a secure storage facility on the east coast.
I also pick up silver and gold as I can afford it, mostly from pawn shops. When my grandson got married, we gave him silver bars.
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I tried lead. They smoke too much because of that gook they put on them. I’ll stick with poly or copper. It is primers that are my problem.
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Always…
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Simple question: What are silver or gold or jewels worth to a starving man, when the concept of value has narrowed to only goods which have immediate usefulness? I.E. pure water, food, clothing, arms and ammunition, fuel, etc…
At least gold of sufficient purity can be cast into bullets.
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If the SHTF, how much of your gold would you be willing to part with for a small amount of ammo for your empty firearm?
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If it comes down to that, the gold is useless. Bury it and save it for when the economy comes back up. Then go out and snatch as snatch can.
Be like a raven, hiding a chunk of meat for later. Then go out and find more goods.
I feel this is pretty close to what we would care about in a survival situation. Food, water (clean, potable). Ammo, firearms, medicine (medical supplies), alcohol. Gas, propane.
So, I’m not wealthy in investing. I have the revenue streams to maintain our current living standards. But if it ever goes all to hell in a hand basket I do have what it would take to be ok for an extended amount of time.
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silver just closed for the week at 33.90
we have plenty of food and water here
getting ready for winter no snow yet 
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silver just closed for the week at 33.90
we have plenty of food and water here
getting ready for winter no snow yet
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That is why I pan for gold. My time, My effort, My Gold!
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The starving man doesn’t care, but in a SHTF scenario the starving man has nothing useful for me. I’m thinking about that guy who maybe has a 500 gallon tank of diesel fuel for his tractors. A few ounces of silver might get my fuel tank filled on my pickup.
Or maybe a fifth of whiskey
Or 9mm ammo
Or 12 gauge shells
Or 22LR
Paper money will be useless. Your debit card becomes an inefficient windshield ice scraper. Your cryptocurrency becomes vaporware. You won’t have everything you need, regardless of your prepping skills. You better have something for barter.
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Why would anyone trade you valuable fuel in exchange for (currently) useless metal?
My point exactly.
These are far better “assets” than stuff that people used to think was important. What you offer better be at least as immediately valuable as what you’re offering it for.
Something to consider: During the California gold rush of 1849, more people got rich by selling necessary goods to would-be miners than rather than actually mining.
Consider what other people are going to need . Nobody knows what the actual form of the SHTF/EOTWAWKI apocalyptic future will be, so you have to take your best guess. EMP? Batteries, generators, low-tech IC engines. If you can store them is a shielded location. Biological? Filtered breathing apparatus, medical supplies, water filtration/treatment chemicals, clean food stocks. (Medical supplies will be valuable no matter what the situation is. ) Social upheaval and or collapse? Guns, ammo, body armor, defendable location, independent supplies to survive without depending on barter outside your own group. Military dictatorship? Light, portable supplies, secret hidden places to hole up; previously stocked with caches of useful goods. The permutations are endless and would probably end up being a combination of scenarios which vary in their specifics and severity from region to region.
There’s always the “Firecreek” (movie, 1968) approach. Start by locating yourself on a piece of land so difficult that nobody else would want it. Then build your stocks --very secretly-- to fit whatever conditions you think are most likely to arise. Maybe that will help, or maybe the location itself will kill you. Toss the coin (while it’s still worth something).
Lovely thoughts to start the weekend.
Our labor and skills will also be valuable. Knowing plumbing, carpentry, electricity, roofing, being willing to do dirty work, etc.
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Because they know the present and future value of the gold and silver.