I came across this article; not sure if previously posted today. Any of your opinions would be appreciated.
Ya hoardin DOLLAR Bills is silly in fact hardly anyone does it for any long period of time. IT is ALMOST CERTAINLY a losing trade in the long term. NO one has ever achieved great wealth accumulating dollar bills. The dollar bills are just a way of keeping track most wealthy people keep very little of their wealth in dollar bills. It is invested in productive enterprises and business read stocks and bonds of various descriptions real estate and some precious metals.
Everything YOU own if you are a US citizen or tax-payer including the silver you are hoarding. Sorry if you realy think the US $ is going to crash and default on their obligations your best move is to get OUT. If it gets as bad as some of the silver bulls think you may lose half of your silver hoard just bribing the boarder patrols.
To begin with Silver and Gold are not the same. But even if they were think about it this way, all most all the Gold that has ever been mined still exists. It is not consumed, and look at the price of Gold. So clearly even (if) and that is a big (if) there was a surplus in silver that does not mean that it is a limiting factor on the price of silver.
>there is no difference between investing in paper and hoarding silver. >
Funny how hoarding seems to carry a negative image and is used with PMs.
I guess paper is so worthless that hoarding paper is kind of silly.
We seem to have differing ideas of "saving" "investing" and "hoarding". Although I do not recall mentioning "saving" at all in this thread - to be clear, I consider all three terms to be synonymous. "Hoarding" is only a pejorative for what used to be traditional "saving" back when we could accumulate paper in an account and expect to have more after inflation when we decided to make a withdrawal. These days that is a losing proposition and one has to "hoard" (take off the market, make unavailable) precious metal to store value. To answer your question - there is no difference between investing in paper and hoarding silver. . . except the return on your investment.
Exactly. And we're only talking about the money supply that's in the system right now. Does anyone here seriously think the debt ceiling won't be raised, that that some form of QE3 won't happen?