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You can't make money trading PMs. The premiums alone would eat any profit you might make.
The exception to the rule is like winning the lottery. If you sold all your silver back in the 80s when it was $50 per ounce, then you MIGHT have made money.
Need a crystal ball for that kind of thing though.
I made better than 10% on the last bull run in gold. I also bought some more stock before the 1000 to 700 drop and lost money. Had to sit on coins and sell them a little at a time on surges. So I'm not sure how much I actually made.
Point is, you can make money. BUT, you have to have insider info or know what the manipulators are going to do. I made money because it was a bull run commodity bubble and all commodities were surging. I didn't know what I was doing. But I made money. And I just as quickly lost it.
Gold does not do good in inflation. Gold does well in times of credit crisis; like now. We are a credit based economy. There will always be spikes and bumps that are short lived.
See here: http://globaleconomicanalysis.blogspot.com/2007/02/is-gold-inflation-hedge.html
No. I'm buying guns and ammo.
OK, one more time. What if you were convinced the SHTF was coming, and you had ten million dollars you wanted to store somehow in case you made it to the other side - to better times again?
How would you invest that much money in guns and ammo?
In other words, after you bought all of the SHTF things you can want or even find a place to store, what do you do with the rest of that money?
Buy generators, food and other supplies to SURVIVE through the SHTF scenario...that's what I would do with the money. Then with the money left over, I would probably buy up some Canadian dollars...say about a couple thousand worth....and THEN maybe gold and silver.
Having all your eggs in one basket is dangerous and foolish. Of all the scenarios that I can possibly fathom, I can only think of one that gold would be adventagous.
If your state is talking about succeeding from the union, I would probably invest in gold...if not, then the rest of the states are going to ride this country into the drink like the band on the Titanic.
Buy generators, food and other supplies to SURVIVE through the SHTF scenario...that's what I would do with the money. Then with the money left over, I would probably buy up some Canadian dollars...say about a couple thousand worth....and THEN maybe gold and silver.
Having all your eggs in one basket is dangerous and foolish. Of all the scenarios that I can possibly fathom, I can only think of one that gold would be adventagous.
If your state is talking about succeeding from the union, I would probably invest in gold...if not, then the rest of the states are going to ride this country into the drink like the band on the Titanic.
Now you still have Nine million, nine hundred and fifty thousand dollars left to hide and your eggs sure aren't all in one basket.
What do you do with the Nine million, nine hundred and fifty thousand dollars? How do you hide it and keep it in case you make it through to better times?
OK, one more time....
In other words, after you bought all of the SHTF things you can want or even find a place to store, what do you do with the rest of that money?
For some it's hard to fathom just how much ten millions dollars would buy in generators and other shtf stuff. Before you spent $50,000 you'd run out of space to store the stuff, and you sure wouldn't have all of your eggs in one basket.
Now you still have Nine million, nine hundred and fifty thousand dollars left to hide and your eggs sure aren't all in one basket.
What do you do with the Nine million, nine hundred and fifty thousand dollars? How do you hide it and keep it in case you make it through to better times?
Currencies around the world have collapsed, so all government money is worthless.
How?