now. It is like the preachers telling us to repent and send them money the lord is coming soon. There was a time back in the late
seventies when the Hunt brothers tried to corner the silver market and it went way up then crashed, people lost a lot of money.
I think silver and gold should be up now since the Wall Street gurus say there is a recession coming. But that is another thing that
doesn't compute.

of gold, silver, etc.

I have some amounts of both…for a very particular reason…and it is not to make money.

Metals are a utilitarian way to transfer some amount of wealth from one side of a political/economic catastrophe to the other side. To give you some amount of cushion/starting point after a collapse.

That is really their only value. Hopefully, mine will never be used for that. Hopefully, I will pass it on to someone that understands the purpose…and hopefully that person will pass it on also.

Last edited Sun Nov 27, 2022, 01:29 PM - Edit history (1)

That applies to other precious metals in some way, I suppose.

It goes like this;

150 years ago a $20 gold coin would buy you a finely tailored suit.

Today that very same coin will buy you a finely tailored suit.

Gold and silver are a way to store wealth, not necessarily a way to grow it. Silver and gold pay no dividends or interest, but have a place in any broadly diversified portfolio

Or at least much more patient.

I’ve pretty much given up on arguing or even commenting on threads where people use terms that, just by the way they are typed indicate the poster has no idea what they are talking about.

I asked a long time ago for someone on that daily thread to explain if they knew the difference between coupon and yield on a bond and what it actually means. No one, and I mean NO ONE ever did, nor have I ever seen any indication that any of the old regulars could answer it. As a poster a long time ago pointed out, most of them don’t know the difference between common stock and livestock.

You are absolutely spot on correct in pushing back against that insidious and stupid “Casino” line of thinking. “Don’t put money there because I think it’s rigged” is and has been a regular sentiment on DU for literally decades now.

Cheers, old friend. You’re a better man than I am!



Happy Holidays.

You clip coupons out of your copy of the Wall Street Journal or Barron's and send them into the bond-issuer for a refund (one per customer of course).

Yield - that's what you damn well better do when the banksters knock on your door and want their bond back. That's known as "yield to call".

Actually, yield has a double meaning. It is also what you damn well better do when the IRS revenuers come around and demand the interest you thought you had earned.

Thanks and Happy Holidays!

Because dumb people listen to those shows.

If it was actually a good time to buy gold or silver, those people would be buying it as quietly as possible. They wouldn’t be trying to sell it to us.

They advertise gold and silver but then they bait and switch to overpriced collectible coins where the
real push is and the real money/profit.