RETAINING VALUE

Gold certainly hasn’t been a great investment for awhile, but since December of last year, it is only down 4.4%. Meanwhile, bitcoin, the darling of the millennials has dropped a mere 75%. Ouch. That’s gonna leave a mark. Which of these “assets” is likely to retain its value over the next 5 years as the stock market implodes?

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Bob P
Bob P

Gold will zoom, bitcoin will tank. (Note that I’ve been dreadfully wrong on all financial matters since 2009, so it usually pays to do the opposite of whatever I think.)

Steve
Steve

Well Bob, that broken watch is right twice every day. I’m sure you got this one right. Central banks are buying gold. Billionaires are buying gold. Corporate management are selling shares in their own companies over 20:1 vs buying shares and purchasing gold. What do all these “elite” guys know that we peons don’t?

Rdawg
Rdawg

Gold and silver have had me bleeding from the mouth and rectum since about 2011. Especially silver.

What a fucking mistake I made to pull that money from the stock market.

I was also way too smart to buy Bitcoin when it was about $14, although I was tempted.

Thanks, precious metals fucktard gurus!

Steve
Steve

Hold tight Rdawg, you’ll have your day in the sun.

mark
mark

I agree. Especially with Silver.

Rdawg
Rdawg

Marky mark: buy my silver. $28 per ounce. It’s going to have it’s day in the sun.

Come on. Prove me wrong.

GoldHermit
GoldHermit

Sorry – I can’t agree. I’ve been buying gold for close to 3 decades and it has done exactly what it is supposed to do – maintain purchasing power. Ask many around the world how it has been for them lately! Gold – the only money. Gold – stateless.

Rdawg
Rdawg

You can “not agree” until you’re blue in the fucking face.

What I was specifically addressing was the performance from 2011 up to today, which has been abysmal.

Gold at the start of 2011 was around $1400; it’s $1200 now.
Silver was $30; it’s $14 now.

So in the time frame I am talking about, the purchasing power sucks rocks; especially when you consider the inflation over the same time period.

Now go ahead and give me the lecture about long time horizons, 5,000 years of gold as money, blah, blah, blah.

EL Coyote (EC)
EL Coyote (EC)

Ratty, I have the equivalent of a PhD in Loseology. You are paralyzed by your fear of losing. Consider the loss as sunk costs and move on. Suffering while holding on to the turkey is as irrational as holding on to a bitch girlfriend because of all the money and time you’ve spent on her. You’re miserable. Fuck it, burn that shrine down.

Rdawg
Rdawg

There’s no fear of losing; I’ve already lost.

And it should read: “your miserable”. Your slipping.

EL Coyote (EC)
EL Coyote (EC)
BB
BB

Mad dog Meathead … So that’s the reason you’re so mad. Hang on to that gold and silver . You will eventually need both just to eat.

Rdawg
Rdawg

Fuck off. I pay my bills, which is more than you can say.

Free-shitter.

starfcker
starfcker

??? You’re miserable= you are miserable. I think he has that right?

Rdawg
Rdawg

Inside gag.

Steve
Steve

So, sell now before silver goes to $3-LOL

Rdawg
Rdawg

LOL? What are you, twelve?

I’ll keep my “stack”, since I don’t actually need the money. Hopefully it will be worth at least what I paid for it someday.

Or maybe my kid will get a couple of bucks for it.

Come to think of it, I’ll tell you what genius: if you think silver is so great, I’ll sell it to you for the average of what I paid: about $28 per ounce. That should be a real bargain, right?

Bueller? Bueller? Yeah, I didn’t fuckin’ think so.

BL
BL

Tail hedge ya moran. Wait for the tail end Igmo, that is when you will need your stack.

Bueller? Bueller? You’re dumb.

Rdawg
Rdawg

Okay, since you’re so fucking smart, buy my stack for $28 per ounce. Since it will go ever so much higher, you will make out like a bandit.

What do you say? Put your money where your mouth is.

Anonymous
Anonymous

You bought gold and silver for the wrong reasons, genius. You haven’t the temperament to understand that. Did you think everything keeps going up? You’re part of the ‘madness of crowds’ that Mackay eluded to. In other words, you bought at the top, probably with money you couldn’t afford to lose, and are now bitching.

Rdawg
Rdawg

Wrong on all counts anonyfuckface:

1) I bought it when higher than now, but certainly not at the top.
2) I bought it to protect my wealth.
3) I bought it with savings that I have never needed to try to recover.

Yeah, I’m bitching because 2) has failed spectacularly.

And it’s “alluded”, not “eluded”. Dipshit.

Steve
Steve

Rdawg, how long does that offer stand? When silver is $ 280 I’ll gladly buy your lot at $ 28

Rdawg
Rdawg

Do it now, coward. Since it’s going to $280, you’ll make a killing.

LOL

gm
gm

are you really this stupid when it comes to what commodity prices are and how they are arrived at on an open market? I bought at the top and the bottom and i have no concerns about it . simply because i have ZERO conterparty risk atm. No privately owned central bank can create my PM’s outta thin air as is currently the case with damn near ANY currency . Which is completely different from money . My purchasing power is damn near the same give or take 2 percent . would you prefer to have a can of beans when your hungry or a paper reciept for a can o beans? It is irrelevent what the price of the can of beans are when you are starving .And something real is guess what ? something real .

Again ,im being nice happy thanksgiving

just a cook in his cups lol whatever

starfcker
starfcker

Who downvoted that?

gm
gm

so basically your saying you lost purchasing power ? with gold or silver?

when i was growing up gas was about 25 cents a gallon . with a silver quarter
if i sell a silver quarter at close to spot price um i still get a gallon of gas .
And what did i lose?
My PURCHASING power remained the same .
So what are you bitching about? did your Purchasing power change? did you look at what the currency units changed or does it just SEEM wrong that the price in currency units has changed?
I mean really look at this .
When silver was 30 what was the price of gas? at 14 what was the price of gas? absent privately owned central banks manipulation ,your purchasing power has remained very stable sir .
im being nice tommorrow is thanksgiving lol
yeah my purchasing power in gold silver has remained almost exactly static . which is why i bought it
2011 to present day um im still in the same amount of goods bought as in prior to 2011
or you can keep talking out of your ass about your PERCIEVED loss of currency units lol
just a cook be well

General
General

For those who don’t know, the prices of gold and silver are rigged. Trying to make decisions on whether to buy and sell over the short term is an exercise in futility. The time, where gold and silver truly shine, is during a monetary reset. For example, after the currency imploded in Weimar Germany. Those that had assets only in cash, bank deposits, or other financial assets, were wiped out.

starfcker
starfcker

Good post General

TC
TC

@Rdawg – My intermediate price target for silver is still $12.xx based on the weekly charts. That said, it’s been building a heck of a base at $14. I’ve bought silver lower as well as higher and even much higher than where it’s trading, but it doesn’t bother me a bit. Do you get pissed that you buy home insurance year after year, and yet your house doesn’t burn down? No, of course not. PMs should be thought of the exact same way – as insurance, except with PMs the policy doesn’t expire at the end of the year. I will leave my PMs to my kids, who hopefully will leave to their kids, etc. to use in a worst case SHTF scenario while building/storing generational wealth. Sure, you would have been better served to scale into your PMs over time rather than going in on a single trade at one point in time, but you shouldn’t beat yourself up over it.

Lone Wolf Blitzer
Lone Wolf Blitzer

What TC said

Rdawg
Rdawg

My kid will get my PMs. But I harbor no illusions about “generational wealth” or any of that nonsense.

As insurance, it sucks. If your house burns down, you would not like to a check for 50% of your house value.

Lone Wolf Blitzer
Lone Wolf Blitzer

Gold & silver are not investments. I now think of them as insurance. Started buying in the late 90s run-up to Y2K. Yes, I bought into the doom & gloom scenarios. Made some stupid mistakes. Borrowed $ from my 401k to buy “rare” numismatics based on the confiscation theories ginned up by some of the gold dealers. It still worked out for me mainly because I was early to the party. Good timing & dumb luck.

When Y2K proved to be a nothing-burger, eventually traded the “rare” coins for bullion coins & junk silver which I should’ve bought in the first place. I lost some money on that deal in the short term but since it was the early 2000s and well before the 2008 financial crisis and subsequent spike in precious metals, my average gold cost is about $360/oz. Probably should’ve sold some when gold hit $1900 but of course I was listening to Doug Casey & others saying that gold will eventually hit $5000 or $10000 or whatever.

It could still happen but I may not live long enough to see it. I’m not sure I want to be around to experience the chaos that $10000/oz+ gold would imply. With the social & political insanity reaching warp speed now my concern is more for my kids & grandkids and the kind of world they will inhabit.

Unreconstructed
Unreconstructed

One must always keep in mind: It’s not the of gold that is increasing but the buying power of the dollar is decreasing. A loaf of bread in 1913 is still a loaf of bread in 2018. If the gov’ment can keep you looking at the price of gold you won’t be looking at how bad we’re getting fucked on the fiat currency. As stated before; when some third world shithole’s currency loses value we say they “devalued” the peso or whatever. But when we do the same thing with the dollar it’s called “quantitative easing” or some such crap. Kinda makes it easier to swallow. Like having sex with a condom. It gives the illusion of being safe while getting fucked.

e.d ott
e.d ott

If you like gold and silver, be patient. Don’t forget to get additional “insurance policies” measured in copper-jacketed lead, brass, and the steel items that complement them.

gm
gm

Gold is just Gold
It sets the price of whatever currency is traded for it .
Absent the manipulations of the LBME , London base metals exchange or something like that , im in my cups lol
Gold has no counterparty risk .
If Gold increases in the CURRENCY price ,most commodities increase also .
So did the particular commodity increase in its net value ? or did the privately owned central banks increase the available supply of currency ? And thus the available commodity demands a higher amount of so said fiat currency ?
So the opposite is true also . Because the net value of the commodity DID not change . Just the increase or decrease in the supply of whatever currency is being exchanged .
Just a cook whatever lol .
Fuck Fiat !
My lord being this nice is killing me lol

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