The Money for Nothing Club

I intend to make more back than I paid for my metals.

Anyone who doesnt is either deluded or a complete idiot or a liar or a combination of all.

 

Or a speculator with no patients

 

I think we are all here to "make more" however some don't think it will be fiat value but rather a "increase in purchasing power". That's a distinction I'd like to make.

1 kg of apples cost $6 a kg in major supermarkets, pricy when compared to just 2 years ago they were like $2-4.

Trading metal (barter) vs. Selling metal.

 

"Anyone who doesnt is either a complete idiot or a liar or a combination of both."


You have probably never heard of the word INSURANCE! Or have any understanding of its meaning.

OC

 

OC,

I agree with "insurance", no doubt about it. Though I don't think it conflicts with the premise that it can stand to "make more" in the future if an event takes place. Then your stack will be worth more.

However if the OP disagrees with the qualifier of insurance then I am totally with you. For me the "make more" and "insurance" are not mutually exclusive.

 

Priority #1 is insurance, if I make a profit along the way I will not grizzle too much. It is NOT one of my priorities though.

I DO expect that silver will go up in market value, and in due course outpace inflation, and THAT is where the 'insurance' comes in! And also in due course, I will get a refund of ALL premiums at full current market value.

JMO


OC.

 

Perfect, I don't think anyone could argue sensibly with that.

Of course we will have to see how the "system" deals with the things that are still yet to come. I think your expectation is well within the likely probabilities, if fact I'd like to say it's a virtual certainty.

The "totalitarists" still have more plans in the works.

 

I'd love to know how you make that distinction?
Either way, it is the same gained financial benefit.
Whether you measure that in $ or oz's is merely psychological, and matters not.

 

I just hope to lose less than everyone else when the SHTF.

And if everything keeps booming, well at least I have still have some shiny metal instead of filling up garbage dumps with the latest outdated consumer rubbish.

Also, this....

 

Isn't the notion of "insurance" just semantics for the dirty word "profit"?
It seems many think the term "insurance" somehow mitigates them from any profit motive. In reality, financial gain (profit) is exactly what it means, should the economic conditions become favourable for this outcome.
It also seems that the term "insurance" mitigates their decision from ever being wrong, should a profit never eventuate.
If you don't buy metals for economic gain, their is no point buying at all.
You could argue that numis/collectibles can be a different case, and I'd agree.

 

Your presumption that everybody will be selling their stack makes your perspective myopic. There are those of us who are building a stack for heirs and won't ever sell an ounce.

 

a

Ironic that you answered your own question. Yet are still confused.

 

Or you could mitigate yourself of any profit motive by passing the buck to the next generation.....

 

More so different courses for horses. At my age I don't give too much weight to profits. 50 years ago I was more concerned with money for sex, drugs and rock and roll. Nowdays it's dregs, rugs and roller beds.

 

"Isn't the notion of "insurance" just semantics for the dirty word "profit"?"


No, the purpose of insurance is to restore the policy holder to the SAME as they were before the 'insured event'! AFAIK, it is in fact not legal to make a profit on an insured fire or theft or whatever. A policy holder that over-insures or under-insures is at the mercy of the insurance company, and trying to insure your $1/2 million house for 5 million dollars or $5000 will have you in court VERY quickly!

OC

 

What I'll be passing won't be "the buck" but rather a stack of silver and who ends up reselling it may or may not be my heirs.
It might be the generation after them or the one after them. Who'll ultimately end up reselling is unknown. Not everybody
always sells what they inherit the day after they take possession of it.

 

Modern day pharmacology can bring all that back

 

Funny how age changes our priorities. I have collected guns, knives, tools, SCUBA gear, anything to spend time doing. In my later years I will spend time getting rid of it all. My later years are upon me I think, as I look around and see lots of crap I no longer desire to own. Some things increased in value, some lost, but it was just something to do. Hobbies cost money.