Quote:
Originally Posted by Jims5543
Yes, I read about the Chase fine.
Everything you posted in this post is the exact reason I purchased Gold and Silver. I started to type invested and changed that. I am not invested in them, I personally do not want to them to explode in value, if they do, that means bad things are happening in the financial world.
I look at the purchase as more of an insurance policy than an investment. I purchased slowly over 2 years pumping all I could afford into Gold and Silver. I have not made a Gold or Silver Purchase since late 2016. I wish I had purchased more gold, and hesitate to purchase any more now. Trying to come to grips with the prices right now and where it is heading. I am by far, no expert on the subject.
the reason I purchased is due to what I saw from 2008 to 2010 when gold went from 600 to 1900 in a short period then settled back down in the 1100 range.
I purchased in the 1100-1200 an ounce range. I hope I never have to cash it in. I think we both know that is a empty hope. Its not if, more of when.
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I couldn't agree with you more. Investment, insurance policy..we are splitting hairs. It is an investment because it is a sizable amount of cash that went into it. It is a store house of value especially if all else fails. You can take it down at any time and cash it in. The down side is that it does not provide cash flow, but is stead fast as an insurance policy. Other than nitpicking that...
I have been and am very dour and pessimistic about the economic health of the USA and world. I have been pessimistic for 40 years..That is calling a spade a spade, that is telling it like it is. That is the FKIN REALITY...no fkin wishful thinking, no pie in the sky, magic pixie dust is gona save us crapola that so many are want to cling to. False optimism is worthless.
All those fkO's who are he11 bent on makin coinage in the Squirrel Games are dancin with the ghost of Christmas past...it used to mean sumthin but not now cause what do you win more MONOPOLY MONEY...pass go and collect $2B. As I kept tellin em they have pulled the dance floor right out from under you while you continue to dance and think you are winning Dancin With The Stars.. You are dancin on thin fkin air..your pullin a Wiley Coyote..