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Moons Over My Hammy!!!!
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PM's are simply a store of wealth, another basket if you will.I've had similar thoughts about gold and silver. You can hold it in your hand, but what good is it really in a SHTF situation? I know, I know, historically it has been valuable. But I can't eat it, shoot it, drink it, etc. I think of the Mexicans at the end of the Humphrey Bogart movie Treasure of the Sierra Madre. Out in the desert the sacks of gold are worthless to them, left on the ground scattered by the wind.
Bitcoin? I have ZERO interest in that. I'd rather take my money and head for Vegas. That would be more fun.
Oh, Denny's was great back in the day in Salt Lake City! A great place after the bars closed! It would be packed. We used to give the waitresses such grief, but they took it in stride. Freezing glasses to the tables, loosen lids on the salt shakers. And their British Burger was a favorite. Hussle the waitresses asking about made up weirdness of Mormons as though we didn't live there. But we also had Bog Boy restaurants.They used to have a decent burger, and their $2.99 breakfast had my well fed back in the mid 80's
Paperboy living like a king.
You forgot the lotion.PM's are simply a store of wealth, another basket if you will.
Taking your post literally, what good is anything you can't "shoot, eat or drink"? Dollars? Euros? Stocks? Bonds? IRA's? Etc etc.
PM's have value over broad types of "SHTF". Broader than fiat, broader than much of what is commonly & newly thought of as investments. Not all types of "SHTF", just acrossed broader types. Into recovery-which is when PM's would LIKELY do best. For the holder of diverse baskets...
Plus, YOU need to find someone who is willing to transact with them. Easy enough for me, however a lot of folks don't understand the concept, so immediately simply discount them (PM's) as a tool. Just another basket.
Mind, they (PM's) may NOT have the value you paid. However rarely are they VALUELESS. In the event they (PM's) are low value, then simply transact in something else. Another basket.
Wait, there were bars in SLC? I thought it was a dry state back in the day.Oh, Denny's was great back in the day in Salt Lake City! A great place after the bars closed! It would be packed. We used to give the waitresses such grief, but they took it in stride. Freezing glasses to the tables, loosen lids on the salt shakers. And their British Burger was a favorite. Hussle the waitresses asking about made up weirdness of Mormons as though we didn't live there. But we also had Bog Boy restaurants.
No, but the beer had to be 3.2%. You couldn't get some beers because not all brewers would brew the beer just for Utah. You COULD take a bottle of Jack, or whatever, in with you. To chase with the beer. There were a lot of convoluted ways to get drinks in restaurants. And belong to a private club where you'd take your bottle in, with your name written on it that the bar tender would make your drink with/Or buy their mini bottles.Wait, there were bars in SLC? I thought it was a dry state back in the day.
I did say "I know. I know. Historically it has been valuable." And yes, the same would hold true for cash, stocks, bonds. If the world's governments collapsed, they all could be worthless. Confederate currency comes to mind. Now mind you, I'm not saying I don't have any of these types of holdings. Just a mental exercise. Heck, I even have a little gold (one 1oz. Krugerrand), but it was a gift.Taking your post literally, what good is anything you can't "shoot, eat or drink"? Dollars? Euros? Stocks? Bonds? IRA's? Etc etc.
Kansas also sold the 3.2 beer, we called it q ueer beerNo, but the beer had to be 3.2%. You couldn't get some beers because not all brewers would brew the beer just for Utah. You COULD take a bottle of Jack, or whatever, in with you. To chase with the beer. There were a lot of convoluted ways to get drinks in restaurants. And belong to a private club where you'd take your bottle in, with your name written on it that the bar tender would make your drink with/Or buy their mini bottles.
Heck, since them "Religioustrators" (as dad called them) lost their tales, they even allow 'Breweries" there now! But you have to go into the state liquor stores to get the real beer that most of the rest of the world drinks. As far as I know anyway. Haven't been back there since 2013.
Damn, had not been paying attention. $32.69 right now. That's about $10 an ounce more than I paid for most of mine.Silver was over $31 yesterday.
I bought one of the bitcoin ETFs it is doing well.Can a person hold a handful of bitcoin? I understand it has value now but turn off the electricity and tell me how well it'll work.
Some years ago we decided to gather up a bunch of old coins we'd saved or been given by family members that had passed. And coins that Wifey had bought from her work. It was around $300.00 worth in junk silver weight at that time. We bought silver ounces and a couple bars, purchased in the $14.00 and change /oz.Damn, had not been paying attention. $32.69 right now. That's about $10 an ounce more than I paid for most of mine.
If it really starts to go up again like it did many years ago I will probably dump what I have. Really was not expecting it to actually make me any money when I was buying it. If it does? Hell will be a nice plus/Some years ago we decided to gather up a bunch of old coins we'd saved or been given by family members that had passed. And coins that Wifey had bought from her work. It was around $300.00 worth in junk silver weight at that time. We bought silver ounces and a couple bars, purchased in the $14.00 and change /oz.
Does anyone buy it when it's really high? I remember trying to buy some recently when it dropped significantly but none to be found. I'm wondering if the opposite issue will happen if it really spikesIf it really starts to go up again like it did many years ago I will probably dump what I have. Really was not expecting it to actually make me any money when I was buying it. If it does? Hell will be a nice plus/
the outfit I got most of mine from says that they would rather buy than sell. we will see if that is true if we get a nice price increase.Does anyone buy it when it's really high? I remember trying to buy some recently when it dropped significantly but none to be found. I'm wondering if the opposite issue will happen if it really spikes
I would have to "guess" there is always going to be someone buying no matter what the price hits. Last time price on silver went nuts I did not own any so did not pay much attention. If it does get to something like twice what I paid for mine? Guess I will find out if the offer to buy it back at melt still stands. If so great, if not? No big deal for me as I had zero intention of ever really making real money off it. I was just pissed off watching the money in 401K going down at a shocking rate while it sat there so figured I had nothing to lose by putting some cash in metal.Does anyone buy it when it's really high? I remember trying to buy some recently when it dropped significantly but none to be found. I'm wondering if the opposite issue will happen if it really spikes