AOC doesn't have remedies. She has platitudes.
Investing Thread (Stocks, Crypto, Real Estate, Whatever)
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Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)
Without a doubt.
Government could definitely spread that Wall Street wealth around better than the market in any true socialist's playbook.
Why should hedge funds or Reddit nerds have all that money, when government could have it to "help" you.
"Hey varmints, don't mess with a guy that's riding a buffalo"
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Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)
doge and silver
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Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)
Build back better
PLATA O PLOMO
Don't fear authority, Fear Obedience
Don't fear authority, Fear Obedience
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Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)
Been really looking at silver lately, but here's what scares me:
If you look at the last 100 years of silver prices - there are VERY FEW times in the last century it would be worth more than what you're paying today. You have places from the 80's to like 2011 where it's like a 30-year drought. So ... is it a good investment right now? Could be.
But historically, paying $26+ an ounce now means you'll be waiting a long time to get that price back.
Which sucks.
"Hey varmints, don't mess with a guy that's riding a buffalo"
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Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)
You’re forgetting inflation my dude.
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Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)
You've forgotten inflation, my dude.
Inflation only effects prices when it hits the circulating money supply.
Check your DXY.
Trillions are being printed, but they aren't circulating, they're going into treasuries and mortgage backed securities, not the money supply.
How do you think we printed 20% of all dollars last year, but prices everywhere aren't up 20%?
"Hey varmints, don't mess with a guy that's riding a buffalo"
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Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)
DBTrek wrote: ↑Thu Jan 28, 2021 11:23 amBeen really looking at silver lately, but here's what scares me:
If you look at the last 100 years of silver prices - there are VERY FEW times in the last century it would be worth more than what you're paying today. You have places from the 80's to like 2011 where it's like a 30-year drought. So ... is it a good investment right now? Could be.
But historically, paying $26+ an ounce now means you'll be waiting a long time to get that price back.
Which sucks.
Silver is a SHTF investment. I'm invested in a
Enough to cover 90 days mortgage, plus I keep 90 days mortgage on hand in cash.
It gives me a buffer in SHTF, peace of mind when 99% of everyone else is freaking out and getting taken advantage of by the banks.
Also the ability to negotiate with a bank that needs any cash or asset tangible they can get their hands on.
PLATA O PLOMO
Don't fear authority, Fear Obedience
Don't fear authority, Fear Obedience
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Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)
I'm not down on silver. I actually really like it, and would like to get more into it.
But ... suppose I sink $5k into silver now, and silver goes back to where it has
been for 95% of the last 100 years?
Rather wait for it to go lower, and buy $5k then.
Of course, if silver goes to $100 and never drops below $30 in my lifetime again - well, I'm the loser.
But is that more likely or less likely to happen?
I just don't know, dude. I'm new to the precious metals game.
But I do know gold is a better store of value than silver, and silver is a better transactional metal for when SHTF.
So you can pass your silver around during a collapse, get groceries, amenities, regular day to day stuff - but you probably wouldn't be passing gold around unless you were making some really big buys.
But ... suppose I sink $5k into silver now, and silver goes back to where it has
been for 95% of the last 100 years?
Rather wait for it to go lower, and buy $5k then.
Of course, if silver goes to $100 and never drops below $30 in my lifetime again - well, I'm the loser.
But is that more likely or less likely to happen?
I just don't know, dude. I'm new to the precious metals game.
But I do know gold is a better store of value than silver, and silver is a better transactional metal for when SHTF.
So you can pass your silver around during a collapse, get groceries, amenities, regular day to day stuff - but you probably wouldn't be passing gold around unless you were making some really big buys.
"Hey varmints, don't mess with a guy that's riding a buffalo"
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Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)
Silver is likely very undervalued against gold. But it has been for almost 20 years.
The average cost of the silver I've bought in the last 20 years is $12/oz.
Personally, I think the new bottom is $20. it may spike to $100, but hist says it wont hold at high levels.
I like it as SHTF investment. It always gains value in a crisis. But you aren't getting fuck you money out of it.
The average cost of the silver I've bought in the last 20 years is $12/oz.
Personally, I think the new bottom is $20. it may spike to $100, but hist says it wont hold at high levels.
I like it as SHTF investment. It always gains value in a crisis. But you aren't getting fuck you money out of it.
PLATA O PLOMO
Don't fear authority, Fear Obedience
Don't fear authority, Fear Obedience