Stacking silver?

Mr44 · 2015-10-13T04:05:43+00:00

If you were thinking about "investing" in comics or action figures every week, definitely buy some silver instead. I wish I had done that instead of those long boxes I filled as a young guy in the 1990s.

But if you want earnings:

boring old funds > precious metals

I dumped all my gold (except for a 10k class ring with sentimental value) several years ago when it was near its peak. #luck Never looked back.

source: retired in my forties with boring old mutual funds

Elder_Yautja · 2015-10-13T17:57:40+00:00

I've been stock piling for a couple of years. I'm up over 1,000oz now a mix of 1oz coins (mixed nationalities not really fussy) and larger bars up to 1kg. I'm not a silver bug, its just a lump of metal, but I do think that its time has come.

Since the 2008 crisis the Fed has more than quadrupled the amount of base money in the system (it went from $800 billion to something like $3.7 trillion), and there has been no inflation. In fact, we're heading towards deflation so they are going to turn the printing presses back on.

There hasn't been inflation (despite the rampant printing) because the money is just sitting there on banks balance sheets doing nothing. Once it makes its way into the general economy, then we will see inflation like you wouldn't believe. This is a time bomb. The banks have become a Hoover Dam of backed up inflation. Sooner or later, sooner in my opinion, the levy is going to break and bye bye your life savings.

I'm not a conspiracy theorist or a doomsday prepper, I just call it as I see it so I think stacking "hard money" like silver is a good way to turn calamity into victory.

q2x · 2015-10-13T04:29:59+00:00

I prefer Bitcoin, but I'm not planning for a complete collapse like most of the other posters here.

oldredder · 2015-10-13T01:44:39+00:00

I've certainly got a pile of silver and some gold too.

The big choice here is how long can you wait before trading bars/coins for food/shelter, how much weight can you carry, as the trade-value of silver means big weight vs purchasing power, and how many future items do you need of very high value because a single 1 troy oz of gold bar/coin buys a shit-ton.

PF recommends investments in real assets, fiat currency, stocks and bonds. They trash silver because of its speculative nature.

Dismiss reddit finances immediately. They are ignorant children. Stocks and bonds are the most speculative and criminally rigged bets in the world markets. They are also the least stable as stocks or bonds can crash to zero, have done so repeatedly, but land you can yield food from has never done that, nor has gold or silver coin ever.

Also, if you have the collectors gene, at least this is something you can actually rely on dumping if you need some quick cash

Conversion of land, gold or silver to cash on a rush basis usually means getting a huge loss in cash-value vs market-value due to desperation. Those who want to buy want to do so at cheap prices and if you're a forced seller you'll go without, or take a bad deal. That's why pawn-shops give bad deals back, way under 30% market value, and that's why banks also do a spread just like with forex.

Just like if you turned Canadian dollars to US and then back to Canadian you'll lose at least 4% to the bank, 2% per trade direction, the same will happen selling gold or silver back to the dealer / bank.

Providing you dump the metal when the cost is highest

OR, your currency ceases to exist so you have actual money. Many times in history people have been left holding useless marks, rubles, whatever Vietnam's currency was a few decades ago, and BAM. You now have zero. Your paper/electrons are of no value. Billions to quadrillions of "dollars" (or whatever) to get 1 can of soup.

The true core of the red pill, far predating reddit itself, is economics. This is both trade and the entropy of physics and the yield/waste of energy in metabolism, as well as how relationships balance out both for dominance and resources.

KingOfYaks · 2015-10-13T02:46:11+00:00

I have silver. But in retrospect, forget silver, get gold. Here's why:

Fiat money always achieves its intrinsic value of zero. Our money will do the same in due course. So you would say, gold and silver are good insurance against that time. So would a few, very few other things... But gold is superior by far and this is the reason: Central Bankers rule this planet and have for at least 250 years. They do not hoard silver or frankly anything else. They hoard only debt and gold. They intend to come out the other side of the debt collapse with THE premium wealth item-- Gold. The rich arent going to get poor because of the collapse-- Getting poor is for the peasants. When it comes time to start anew, nobody will have a lot of faith in paper, stocks, bonds, zinc coins, dollars, yen, or any other form of wampum. Controlling the money=ultimate power so they need us to have faith in what they're selling so that they can keep their control.

So. They're going to base the next money on gold somehow. It wont be gold based, but it'll be linked to gold via some kind of derivative. Not silver. Silver will buy more than it does now, but gold will be revalued by fiat to be some crazy high number, and it'll stay fixed at that value. The price chart will spike and go flatline for the rest of your life at that price. Now, at this point those that have it can trade it for spending paper or keep it as savings, doesnt matter. You wont be trying to buy groceries with gold coins as its not the spending money, but the saving form of money.

Again, silver will not be revalued and while it will buy a whole lot more than it does now, it wont see that sudden spike and fixed plateau like gold will. People that believe in silver are imagining a free market, or even a black market for precious metals, but the world is not moving to a supply-and-demand model any time soon. Its moving to a control model, and gold will be a part of the control mechanism.

Feel free to disagree but please do figure out how to keep our current money system from collapsing since it has an exponent built-in to its core. Debt must rise faster than actual wealth. Meaning it starts its exponential spike ahead of wealth, meaning there's not near enough money to pay on the debt and the whole thing freezes and there's no fix for the deflationary lock-up. They'll print but that doesnt actually fix it. Printing is just a way to eliminate debt but it also eliminates economy and the money itself that is the blood of the economy. Faith is lost in the money. How to get it back? Anyone got a better idea than to tell people that the new NWO buck is backed by gold somewhere? If they ban gold it'll just get even more valuable as foreign powers seek it on the black market, and besides, banning it would ensure it flowed outside the borders. They'll not be banning it, they'll be buying it. Not like the peasants have much anyhow so why not just lure it back to daddy with more fiat currency? Its not printing if you're trading it for gold, which is the backing for the same currency, is it!?

Just watch. It'll happen. But I admit it sure is dragging on and on. Everyone is getting doom fatigue. But it'll break quickly if not instantly and it friggin' mathematically must break. So do what you can while you still can to prepare. Holy shit, I'm glad I dont have to prep for a family. MGTOW tend toward the prepper mentality more than the general public, I notice. When it happens, women will try to use the one and only best doom currency they have-- Stanky vagina. It'll be everywhere and at that time it will have a real price on it-- No more dating games. You'll know what it is worth to the nearest half-a-cigarette. Wont work on me. Not interested. Remember, the gold is not for sellilng to make money when the price goes up. Its for spending on the "other side" of the crash after the chaos has settled. Be sure to prep to get through that without having to dump gold. Tata!

TFCNU · 2015-10-13T04:54:18+00:00

I've never understood the "fiat" currency argument. There's no inherent value to gold and silver. They are just metals. Yes, gold is conductive but really, they aren't even that useful. The idea that the value of gold or silver is any more stable or "real" than a government backed paper currency is absurd to me. The massive fluctuations in the price of gold and silver measured against even other commodities demonstrates their instability.

Also, all these goldbugs and silverbugs ignore the fundamental problems that a gold-pegged system created. The gold standard fell apart under its own weight. The system adopted at Bretton Woods which tried to retain the underpinning of a gold standard collapsed because it forced one country (the US) to live under different rules than everyone else. Nixon was absolutely right to end the peg even if the inevitable inflationary cycle that followed (as the US deflated its artificially high dollar) was disastrously handled (stagflation, 18% interest rates etc.).

I can understand holding a small amount of money in precious metals as a hedge against short term downside shocks, past that, the entire thing devolves into conspiracy theories.

uncommonstupidity · 2015-10-13T07:04:25+00:00

If the biggest currencies on earth fail, it will take a while for gold to reclaim its value. In the meantime, the most precious resources will be shelter, water, food, guns, and medicine.

Most valuable thing I ever learned in a poli sci class.

Title	Stacking silver?
Author	MachiNami
Upvotes	0
Comments	29
Date	October 13, 2015 1:27 AM UTC (10 years ago)
Subreddit	Posted in /r/MGTOW
Original Link	https://old.reddit.com/r/MGTOW/comments/3oj13r/stacking_silver/
Archive Link	https://theredarchive.com/r/MGTOW/stacking-silver.640892 https://theredarchive.com/post/640892

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