Case in point, for longs treasuries have been a far better bet than metals for price appreciation of late. Real estate was the wheel returning far more than anything per unit of time. Now not so much. Realized gains are realized gains. Until realized, it's meaningless. Buy and hold investments in anything without defined price or time objectives success or failure or worthiness cannot be measured
All investing/trading is gambling. Buy/short at one price, sell/cover at a future unknown price. The distance in time is irrelevant and the difference between the two events is profit or loss. Between any two points in time any instrument can and will have any price differential and for exactly half the participants its either profit or loss. Without defining timeframe for TAKING profit you can't define "safe" or "good" or whatever.
Almost missed this. Cheers for the response. Certainly there are plenty of libertarians whom buy metals, but it seems as though the majority of the silver pundits and youtube personalities are closer to Max Kieser than Peter Schiff. To be fair, the majority of any group, genre, or category, are not going to be the sharpest tools in the shed.
AC/DC and ZZTOP! Now thats precious metal I like ta invest in! Cause if ya cant eat it, fuck it, er seed it! Ya dont need it! Paid for! Is the best investment! GOD BLESS!
Although, I'm somewhat skeptical how much intrinsic value silve (and gold for that matter) will have following any massive collapse.
Long term? sure, it will have value.
But, in the shorter term, I think it may have negligible value to non-speculators simply because food, clothing, ammunition, etc will be the valued commodities, and precious metals won't have any value, other than possible future value.
Use as trade medium may very well happen, but it would be nearly fiat.
@BarkingMaddly For clothing, ammo, food and water to be of more value than silver or gold I'm assuming that we're in a "end of civilization" event where water and power service is pretty much gone.
As the having no power and water becomes the new normal a standard trading system would come about. My guess is that system would center around silver, mainly junk silver for common good with ounces of silver being for larger items or bulk. Just my take.
...in that lone basket. Investing/trading 101, but yet the "truth" will transcend that according to them. lol. But hey, what the fuck do I know right?
...and of course like the retail crowd entirely invested in tech as of December 2000, mother market will spank them once again. Funny thing about so called truth in markets. If everyone "knows" it must be a certain way, that in turn is ironically what assures it won't be. Why? Somebody has to take the other side of the trade or there is no way to profit from being "right". That's why you don't ever put all your eggs in one basket, let alone only being able to profit from ONE DIRECTIONAL moves i
The metals bugs are the equivalent of the dot com retail contingent leading up to December 2000. Just successful enough to become dangerously arrogant and unaware that any success was just luck. No risk management. No understanding of historic price action, volatility, or ever changing correlative concerns. Up and it's because of the facts that they KNOW beyond a shadow of a doubt. Down and it's manipulation or some other lack of awareness of the aforementioned truth. lol
@redtony58 Well now how am I going to know when it has been a while? "relative value of commodities" I love it! Your unique characteristics will be added to the collective.
but silver is so purty. I myself invest in pyrite, it's even purtier. Austrians believe in leiderhosen, holey cheese and the relative value of commodities. Good lord, I'm sounding like RobbieG, where's the pod? I*'ll forgive you this time, but you promised, no more videos on economics for a while, remember the potato.
Case in point, for longs treasuries have been a far better bet than metals for price appreciation of late. Real estate was the wheel returning far more than anything per unit of time. Now not so much. Realized gains are realized gains. Until realized, it's meaningless. Buy and hold investments in anything without defined price or time objectives success or failure or worthiness cannot be measured
RobbieGTV 1 month ago
All investing/trading is gambling. Buy/short at one price, sell/cover at a future unknown price. The distance in time is irrelevant and the difference between the two events is profit or loss. Between any two points in time any instrument can and will have any price differential and for exactly half the participants its either profit or loss. Without defining timeframe for TAKING profit you can't define "safe" or "good" or whatever.
RobbieGTV 1 month ago
Almost missed this. Cheers for the response. Certainly there are plenty of libertarians whom buy metals, but it seems as though the majority of the silver pundits and youtube personalities are closer to Max Kieser than Peter Schiff. To be fair, the majority of any group, genre, or category, are not going to be the sharpest tools in the shed.
KIDiotequeA 1 month ago
@PrepperAZ Not the stackers, the pundits. Nothing wrong with a pm as a store of value. I have physical silver
lambdog76 1 month ago
AC/DC and ZZTOP! Now thats precious metal I like ta invest in! Cause if ya cant eat it, fuck it, er seed it! Ya dont need it! Paid for! Is the best investment! GOD BLESS!
TheDaytonDevil 1 month ago
I always thought the silver/gold crowd was into the Austrian School. But you can say that the Austrian Crowd is definitley into Precious Metals.
natritious1 1 month ago
I guess this means that the bubble may soon burst, and "buying time" will once again, be upon us?
Sounds good.
BarkingMaddly 1 month ago
Although, I'm somewhat skeptical how much intrinsic value silve (and gold for that matter) will have following any massive collapse.
Long term? sure, it will have value.
But, in the shorter term, I think it may have negligible value to non-speculators simply because food, clothing, ammunition, etc will be the valued commodities, and precious metals won't have any value, other than possible future value.
Use as trade medium may very well happen, but it would be nearly fiat.
BarkingMaddly 1 month ago
@BarkingMaddly For clothing, ammo, food and water to be of more value than silver or gold I'm assuming that we're in a "end of civilization" event where water and power service is pretty much gone.
As the having no power and water becomes the new normal a standard trading system would come about. My guess is that system would center around silver, mainly junk silver for common good with ounces of silver being for larger items or bulk. Just my take.
hoshnasi 1 month ago
@redtony58 I like the way you think. I'm hiring by the way. lol
RobbieGTV 1 month ago
...in that lone basket. Investing/trading 101, but yet the "truth" will transcend that according to them. lol. But hey, what the fuck do I know right?
RobbieGTV 1 month ago
...and of course like the retail crowd entirely invested in tech as of December 2000, mother market will spank them once again. Funny thing about so called truth in markets. If everyone "knows" it must be a certain way, that in turn is ironically what assures it won't be. Why? Somebody has to take the other side of the trade or there is no way to profit from being "right". That's why you don't ever put all your eggs in one basket, let alone only being able to profit from ONE DIRECTIONAL moves i
RobbieGTV 1 month ago
a while= 5000 fucks from SNBI=3 fights picked by H1inc=about a week, exact value to be determined by anger and ego
redtony58 1 month ago
The metals bugs are the equivalent of the dot com retail contingent leading up to December 2000. Just successful enough to become dangerously arrogant and unaware that any success was just luck. No risk management. No understanding of historic price action, volatility, or ever changing correlative concerns. Up and it's because of the facts that they KNOW beyond a shadow of a doubt. Down and it's manipulation or some other lack of awareness of the aforementioned truth. lol
RobbieGTV 1 month ago
Dam look at you and Im frezeing my ass off here. Can you send some of that out here Please? T-shrit and all sure rub it in my face.
RoflmaoAtSheepeople 1 month ago
hahaha
daddyoca69 1 month ago
@redtony58 Well now how am I going to know when it has been a while? "relative value of commodities" I love it! Your unique characteristics will be added to the collective.
lambdog76 1 month ago
but silver is so purty. I myself invest in pyrite, it's even purtier. Austrians believe in leiderhosen, holey cheese and the relative value of commodities. Good lord, I'm sounding like RobbieG, where's the pod? I*'ll forgive you this time, but you promised, no more videos on economics for a while, remember the potato.
redtony58 1 month ago