Pirocco said:
Cheepo said:
BeHereNow said:
cheapo
Can you tell me the price of silver in 1915 dollars, in 1915?
In 2012 dollars it was 11.42, which means that if you had bought in 1915 and sold in November 2008 (93 years later!), when it was $10.8 (in 2012 dollars) you would have been able to buy almost exactly the same stuff.
I don't know if this means that silver a good investment or a bad investment, but probably investing in property or farmland or forestland or shares would have given you a greater return. But as a means to diversify your assets, why not?
Don't forget that property/farmland/forestland/shares and alot things, come with a maintainment cost (including various taxes / any forced upon costs) usually much bigger than the cost associated to store a pile silver. And things can depreciate, ie decrease in value, even with maintaining them.
That buying of property did happen, and it ended in the 2008 housing crisis, where the value of houses crippled to 1/3 in a matter of time peanuts.
Aside, during the past century, there was a 'ginormous' economical progress. Can this be repeated, from today?
Yes, all of these things are true.
Here is what I would say.
If I could squirrel away enough over three months, and I could buy a hundred acres - 40 hectors - or put that money in silver, if I like the land, I believe that is my choice. Buy land for a few years, acquire a couple thousand acres of 'good land'. Undeveloped, but desirable -probably farmland that could be leased to pay the taxes and maintenance.
Better real estate than the stock market - when you have that much disposable income. JMO
To me the real problem of land, is not related expenses that depletes wealth, but lack of mobility.
Your wealth is nailed to the ground, difficult to defend.
1000 pounds of PM can be toted around in a pickup truck.
The other issue is liquidity.
What is the purpose of wealth if not to transfer ownership at some future date, to realize the benefits of the wealth.
Tracts of land - even one huge tract, lacks the liquidity of PM.
I like silver.
It suits this person, at this time.
Insurance, investment (some would say speculation), amusement, in no particular order.
My goal will be around 1K ounces!Not the best start but my plan is too sit on it for ALONG time, I'm 25 so have enough time to wait it out! All my reading from silver forums has convinced me that nobody has any clue whats really going to happen(me included).