Why Buying Bullion Is Not A Good Investment....

I mention this often. It's more likely one day that we will stop trying to win the losing battle against unlimited demand of fossil fuels us vs. putting up solar panels and getting it for free from the sun. Those that stack silver before this happens are winners, but it's a patient man's game. If fossil fuel prices ever explode so will metal prices, unless we find easier ways to extract. In a deflationary event, which is economic collapse if dollars are worthless, how do you buy silver and gold, how do you put a value on them?

I kick this around all the time, some days I'm confident any metal is a good investment because we are addicted to technology, other days, I say, be patient, hold cash, wait for a recession to buy, and then buy big! Other days I feel we are in a secular bull market for metals, as the business cycle ramps up, they usually last ten years, we could have a ways to fall on silver for instance, gold forget it, it can only drop so far, people love gold far and wide, people put this stuff in their mouth for fillings, women got to have it for jewelry.

Interest rates have been going down for 30 years, the climb back up will be so slow, so slow in fact they keep lying about when they will start raising them back up, and tptb have no clue how much and how often they would go back up. Japan tried raising rates but then 2008 hit and that was all done, and now borrowing costs are as dirt cheap as ever.

The economy will not break down unless we have years of drought, a super volcano, a meteor hit, nuclear war, I would not rule out antibiotic resistance to a super bug of our own creation. I would suggest climate change may be a harbinger of things to come.

So, why is buillion not a good investment?, besides how high it is with possibility of a pull back maybe in a few years from now, the only reason I can come up with higher interest rates, I don't see extraction getting cheaper.

Ahahah most of us don't really think it is gonna happen like in the movies. But it is a possibility. And more than likely something catastrophic will happen in our lifetime. Resources are going to become limited. Just running out of water or a few more years of major drought in the mid west.

Actually, some of the anti-psychotic drugs, who knows, unless you try them, are what turn people into a zombiesh like state. When, they really just need to clean themselves up, exercise, eat right, and get aboard the self control train. Just read the warning labels, no different than all that birth control getting into your water, etc. turning us into bisexuals?, thanks mom for staying off the birth control meds, or taking them as prescribed :)

I would imagine that the Mongols and the Romans took that very same view

Silver would skyrocket if the world was ever invaded by werewolves!

I am stocking up on tinfoil. I have been selling a lot of hats.

It very well may. One thing though. The Earth's climate is not and never has been static. It is ALWAYS changing and it always has. Sometimes the changes are mild and relatively unnoticed. At other times they are drastic and cause many problems. Either way, it is what it is as well as what it has been for eons. Changing weather patterns and climate is not a new development.

Interestingly enough, temps are rising on Mars too, so this is not strictly a localized event.

"It's more likely one day that we will stop trying to win the losing battle against unlimited demand of fossil fuels us vs. putting up solar panels and getting it for free from the sun."

I also am a fan of solar and wind power but only in the places where it can be used to best effect. Here in the soggy Pacific NW, solar power is minimally effective but wind power works great. So do the dams we have on the mighty Columbia river and its tributaries. Wind and water power are safe, clean, reliable, effective, and efficient. In other parts of the country, other forms of renewable power may well work a lot better. Solar in the south, central, and south west should be fine. Only problem with solar is that the energy density is not very high. About 900 watts per sq. meter in Earth orbit and just over 300 watts per sq. meter at the Earth's surface, depending on location, of course. These are averages. Still, useful amounts of power can be wrung from solar energy, just not HUGE amounts, such as are needed by heavy industry and at times when the sun is not shining or the wind not blowing.

Greetings from Ocean county NJ. We just had a hurricane and the elctricity and heat have been out for a week. Houses are in the bay, and our barrier island is now a changed landscape. People have come together and made donations and set up community grills and the like. Yesturday some of the traffic lights started working. Gas is being rationed to every other day according to the last letter of our license plate. Lines are ridiculous. This is what I realized this week: Diversity in preparation is key. The planet has too many people. The infrastructure is fragile. People will come together and help each other until the food runs low. Nobody is interested in metals when they are looking for water. I will be better prepared in the future. Tools are nice to have too.