| Author |
 Replies: 33 / Views: 3,018 |
Page 3 of 3
|
|
|
|
Pillar of the Community
United States
1173 Posts |
Fine, Crystalk64, have it your way. If you want to believe that stocks are "worthless pieces of paper" that is your choice. I didn't say anything about 401k's or financial planners, etc. That was your little rant. I simply said that stocks tend to be much more liquid than gold and silver bullion. And I stick by that. I also said that a solid stock portfolio tends to outperform bullion, and I stand by that, too. If I want to buy or sell bullion, I have two places in town...and both tie their prices to the "current price" and take a cut (buy at a discount, sell at a premium). If I want to sell $10,000 worth of gold, I'll lose a hefty percent. If I want to sell $10,000 worth of stock, through my online broker, it costs me a whopping $9.99 and I can set the price I'm willing to take. Same when I buy. Why so cheap? Because in the end, there are many buyers and sellers, there is a great degree of liquidity, and there is competition. If the economy collapses and the world comes to an end, all that stock is worthless, I suppose, but so, too, will your collectible coins (especially) and bullion (maybe to a lesser degree?). Food will be the medium of exchange...not gold and diamonds. That beautiful MS-65 1877 Indian Head cent won't be worth squat. A case of Spam will be worth a lot more. So...good luck with your investments. |
|
Pillar Of The Community
3147 Posts |
hunter20ga there will be many other "collectables" we all will wish we had should a collapse occur. One of them would be part of your forum name! Guns, ammo, cigarettes, food and of course, booze! Quite honestly I don't want to ever see such a time come but should it another valuable asset would be the ability and knowledge to live off the land. That would be priceless.
I in no way intended to offend you but wanted to offer another side and another opinion voiced frequently here on this forum. That is what makes us (me/you) and all the others so valuable here. Very diverse yet much in common. For the most part we all seek the same things but take different roads getting there. I try to look at all sides of all issues but have experience in some that were neither pleasant nor rewarding. While I am well aware where you stand, and I do respect that, it is important, at least to me, that all new comers who may read our comments get to see another view so they too can make up their minds. Our whole life is a gamble, from the time we get up until we retire at night, and people who have the ability to discuss issues at length openly and honestly, especially on a public forum like this are doing much more than they may realize. If only one individual reads these posts and uses any knowledge gained to make a decision concerning his coin collection or investing his money in any way then my friend we have done well! We are a very diverse group with tons of opinions and having a place to share them makes us all better people. Thank you for your opinion and your professionalism as that is what we are all here for. Be a pretty darn boring world if we were all alike!
And for what it is worth, I too favor the 20 guage over the 12 ga. and was an outdoors writer for many years. Don't get out much as I did in my younger years but still make the effort to stay in touch with world of the outdoorsman. I have much yet to pass onto a little guy as no one told me to quit having children! Oldest is going on 34 and my youngest is 5! The little one needs to learn and needs to see the Rockies!!! (Based on my experiences that Dad wants to share)
|
|
Pillar of the Community
United States
1173 Posts |
Sorry, Crystalk64...kind of crabby this morning, so I apologize for the tone of my last post. You are right, of course, that the value of this forum and the internet in general, is the diveristy of opinions and the freedom to (respectfully) present them.
Yes...if the SHTF for real, then a couple of guns and ammo may well prove to have been a wise investment. I'm not one to worry much about the collapse of civilization, but it never hurts to be prepared for natural disaster. Look at those poor folks in New Orleans following the hurricane and left to their own devices to protect their property and (more importantly) their lives. And to top it off, the remaining police were going around confiscating firearms from the law abiding!
|
|
Valued Member
United States
169 Posts |
As a bullion, I would say silver is probably not a good short term investment. Maybe over a decade or so it will prove to be a good investment, but silver has been at it's all time high for a couple of years now, I think. It's probably more likely to go down in the next few years, than up, barring any huge national or world crisis.
As far as silver coins are concerned, I think it depends entirely upon the series. Common low grade silver coins are probably not a good investment.
|
|
Pillar Of The Community
3147 Posts |
Basically I prefer high grade coins but, none the less, silver is silver and I do know folks who buy in any grade if the price is right. Guess it is much harder to get attached to low grade coins as a collectable but they still hold that precious metal value. We are very fortunate, at least in this hobby, to have a wide spectrum of opportunities available that will fit into almost any budget. It takes us all to keep EVERY area of the hobby strong for the next generation of collectors that are coming on board.
|
|
Valued Member
United States
487 Posts |
Interesting subject!! Here are my thoughts. First if you work for a company that offers a 401K with a match either 50 cents on the dollar or dollar for dollar you should invest the max. Even if you cash it all out as soon as you are vested and pay the taxes and penalties you will be way ahead. If you leave a company you have the choice of rolling it over into a new 401K or an IRA. Roll it over to an IRA and you now have control of your money. You can invest it in stocks, gold, land, rental properties, CD's.
Someone stated that silver is at an all time high? It would need to go up over 300% to reach a none inflation high and over 1000% to reach an inflation adjusted all time high. Silver is a consumable, we are using over 100,000,000 ounces more each year than is being mined and there is a limited supply. The run up in silver price aver the last 2 years could very well be just the tip of the iceberg . If things collapse there are 3 things you will always be able to trade for a loaf of bread, gold, silver and 22 rifle shells.
Best investment, Raw land (if you can get it where the taxes are low).
|
|
Pillar of the Community
United States
1247 Posts |
If an economic collapse goes on long enough or is severe enough--(as I believe it will be) won't the next step be feudal societies? In fact, don't we see the beginnings of that right now with all these gang problems?
We may come to find out that the most valuable commodity is a bottle of drinking water. Gold, silver and bullets may or may not be useful. If there is little or no law and order there will be little or no regard for human life. People may not get their change back from their gold Eagle. They may get a couple a 9mm's in the chest instead.
The most useful skill may end up to be keeping a very low profile and scavenging.
|
|
Pillar Of The Community
3147 Posts |
The ability to live off the land would be a huge commodity along with the ability to disappear, so to speak! Guess we all will have to get together, bury our gold and silver, and ride it out. All we need to do now is come up with a central location, even though I prefer the mountains out west, but feel the woods nearby may be more appropriate under the circumstances. So to avoid traveling with all your coin collection just go ahead and forward it now to my address. It will be well taken care of until you get here!!! After all, what are friends for?
|
|
Pillar of the Community
United States
1247 Posts |
I live a few blocks from the wrong side of the railroad tracks. I can lug my gold and platinum bricks down there on a pallet jack and bury them there. The steel tracks will mask them from the metal detectors.  Unless they dig the tracks up and sell them to China. |
|
Valued Member
Poland
55 Posts |
I ahve some silver coins and I seee that their value incre ASE |
|
Pillar of the Community
United States
1203 Posts |
Longnine you have just spoken about what I believe to be an even better buy than silver or gold, and that is land/property etc. What ever you want to call it. They aren't making any more of it and sooner or later it will be the only thing standing between you and eternity. In all the years of collecting and buying and selling, I hve never lost money on land. Now if that land also happens to have running water and rich mineral deposits,all the better. Grow some grass, feed some cows (or buffalo) and sit back and enjoy life. Oh yes, post it as private property and keep the rifle loaded. A sure formula to success.
|
|
Valued Member
Ireland
498 Posts |
Others have plenty of resources others dont,they can have medicine even their is pest like west nile or SARS or bird flu that will go to their haven much better off than others.
|
|
Pillar of the Community
United States
1247 Posts |
OldDan I remember you made the same recommendation back in the very early CoinWorld days and I think it was also in a thread about silver. I also wish I would have followed your advice. People are making fortunes today on any land that can sustain ingredients for or ethanol or bio diesel. Supposedly, even land with beechnut trees on it since beechnuts can be turned into bio diesel. I'm really starting to believe the best investment right now would be something connected with plain old water. Must take enormous amounts of it to grow "oil" crops. ? |
|
Pillar Of The Community
3147 Posts |
You put buffalo on the property and I will load the rifle and protect your land for you!!! Of course I will have to eat while I am protecting your land so.....don't worry about me out there protecting your coin collection and property as I will survive! Now where are those buffalo?
|
|
Pillar of the Community
United States
1247 Posts |
I dunno. I kind like buffalo and bears. But you can shoot any wild hog you see if they're eating my beechnuts or acorns.  In fact, shoot them anyway. Bet there's a lot of bio diesel ingredients in those suckers.  |
|
Page 3 of 3
|
Replies: 33 / Views: 3,018 |
Page 3 of 3
|
First Page
Previous Page
Posted 06/10/2007 12:55 pm
