Why why why?

Discussion in 'General Precious Metals Discussion' started by Iluvnumbers, May 23, 2012.

  1. Iluvnumbers

    Iluvnumbers Member

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    Having some free time this afternoon I thought I might ask peoples biggest reason to be involved in the precious metals market. Would appreciate some simple answers.

    1. Investor
    2. Hedging/insurance
    3.Trader
    4.Gambler
    5.Don't know
    6. Other

    Will be interesting to see at this most uncertain time in the market place to see which group comes out on top!

    Cheers
     
  2. Dogmatix

    Dogmatix Active Member

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    :)

    http://forums.silverstackers.com/topic-26481-what-type-are-you.html
     
  3. finicky

    finicky Well-Known Member Silver Stacker

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    1. Investor

    Although hedging/insurance plays apart in my thinking, basically I anticipate making a capital gain beyond any fiat inflationary adjustment. That's my punt anyway. So if I had to pick one it would be /1 Investor
     
  4. Fykus

    Fykus Member Silver Stacker

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    i started off at 1 and 4, now the more i read into it im turning more into 2
     
  5. Diablo21

    Diablo21 Member

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    6. Other - All the cool kids were buying silver so I had to do it too.
     
  6. Sargeant Argent

    Sargeant Argent New Member

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    6 - other - saver. Its more fun/satisfying buying metal than saving money in the bank. And if it goes up all of a sudden you're a 1!
     
  7. Anlok

    Anlok New Member

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    Definitely 2 for me. But hopeful to be 1 :D
     
  8. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    1-2-3 & 4 ;)
    :D
     
  9. Argentum

    Argentum Well-Known Member

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    for me 1-4 are all the same as in all 4 you realise there is a risk but youre hoping to avoid it. So all 1-4 are gamblers i guess
     
  10. Henrikb

    Henrikb New Member

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    If you've seen The Lord of the Rings, and the fight between the 2 Gollum's brother in The Fellowship of the Ring,
    ther you have the answer to your question.

    Henrik "laughing out loud"
     
  11. Water&Food

    Water&Food New Member

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    2 & 6
    6 (other) being useful self sufficient applications, such as makeshift mirrors and electronics
     
  12. ironwood

    ironwood Active Member Silver Stacker

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    #1(investor/bullion)
    #2(other/coin collect/hobby)
     
  13. Ozboy

    Ozboy Active Member

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    1 2 and 6 ( I just love the sight of some of those coins!!!)
     
  14. Rinchin

    Rinchin New Member

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    1, 2, 3, 4 and 6 (addiction)
     
  15. reggie

    reggie New Member

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    Firstly, investment. One makes a purchase in the belief that the metal can be sold at a higher price in the future.
    Secondly, monetary status. Gold and silver have always been the ideal medium of exchange. Ask yourself why you would accept a US $100 note (worth about four cents) over an equal-value amount of gold or silver. Gold and silver are also constitutional money in the US and Australia.
    Thirdly, a safe haven. Would you prefer paper assets or physical assets in times of uncertainty?
    Fourthly, a store of value. In 1926 a new Model T Ford cost $350, the same price as 17 ounces of gold. Today, 17 ounces of gold will still buy you a new car. $350 will buy you a nice push bike today. Which would you rather keep under your mattress?
     
  16. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    How much would a model T Ford get you now though? :D
     
  17. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Totally restored ,fully optioned $25K ;)
    It would cost you that much and more to restore it :lol:
     
  18. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I'm talking original condition. :p
     

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