Robert Kiyosaki also invested in 556 ammo.
It has been years since I last bought any silver. I may buy some now even at todays price.
Too bad Roberts mic sounds like a poor dads mic. but I like the expression on the hosts face when
he talks about ammunition and his machine guns. The cancel crowd does not like it.

What do you the silver surfers have to say?

It’s long been known that gold, silver and diamonds are not precious at all. They manipulate the price by not supplying the demand. When there is more demand than supply the price goes up. They could supply enough to meet demand but the price would go down. Waaaaay down. People buy silver thinking it is going to be useful in a SHTF scenario. However, when the dollar is no longer accepted, who is going to accept silver and gold? Whoever you are buying from or trading with wants/needs commodities. Not currency. If the SHTF and you are flush with metals and no food, where are you going to get food from? The guy who is flush with food, supplies and ammo is the rich guy in this case and doesn’t want/need silver. Some people buy metals in order to stabilize and diversify their retirement investments. Metals will do this. Just realize that generally speaking when the market is strong and going up, metals traditionally lose value as investors pull out of metals/safe harbors. And generally speaking when the market is weak and going down investors take their money out of the market and put it into metals and other safe harbors because metals’ prices are fairly stabile. And the price will generally go up.

With that said I like Robert Kiosaki. I used to follow him and invested in real estate when he was pushing that as the only real investment you can make here in the US that is not manipulated. Then the real estate market had a falling out. He sort of laid low for a while. Now he is in hiding for exposing the manipulation and manipulators (Central banks, financial institutions, think great reset, etc.). Not sure how true a lot of this is. He is a smart guy with a lot of money. He made most of it in real estate.

So should you buy silver? As an investment I like silver and made a lot of money from investing in it. But it is a long term investment and I made my money buying silver collector coins not silver bullion. I made money because of collector value AND the price of silver going up. Mostly due to collector value going up. Not just due to the price of silver. Not saying you can’t make money in silver bullion. If Kiosaki knows something and you believe him then make an investment in it. Silver traditionally goes up faster than gold. So if you think the metals market is going to get stronger then buy what you want. Just realize you can lose as easily as gain. Traditionally it is not a short term play.

If you want to play a roller coaster try buying crypto currencies. Win big, lose big. I’m up 3.5% in less than a day after buying BitCoin. But I’m down about 6% in Ethereum after a couple of weeks. Overall I’m still up. But boy it is extremely speculative.

I used to trade commodities.   Talk about volatile.  You can lose your ass in minutes.   I got out making about $650 after doing it for 4 months.  The stress was too much for me and that game is really for guys who can afford to lose a couple hundred $K and not cry about it.

Thanks to both of you for your opinions on this subject. There are a lot of good points and there is no substitute for experience.
Gold and silver are not for fast buck, get rich quick minded people.These commodities are for wealth preservation. It is the type of investment that you hold on to. It is an important part of my retirement portfolio. I felt I had enough stashed away, but now I am not so sure.

As far as surviving a mad max world, most would be better served investing in bullets and beans. These commodities will be the coin of the realm during times like these.

The current Biden admin. seems to be hell bent on debasing our currency asap. The $1.9 trillion covid relief bill is only just the beginning. Biden is being propped up as a mere figure head. The people behind him are the real threat. Who knows what more madness will be dumped on our country. We can expect more fiat money to be printed with no end in sight. Soylent Green here we come.       

I just got into the silver game this year, 1st 20oz purchased around August and unfortunately close to the peak at the time..oh well, I'm just happy I got something that'll hold value better than fiat. I definitely think metals in general - gold, copper, cobalt, graphite, etc. - will be in high demand with our rapidly-electrifying world.

Huge semi conductor shortage right now. Copper thieves are at it again too. Not sure if that explains why a big section of the H1 lights were out the other day but it would not be unprecedented. Defend your catalytic converter!

The nice thing about silver is that no matter what happens to the dollar value of an ounce you'll always have your ounce of silver.  The other nice thing is the jingle.

The nice thing about silver is that no matter what happens to the dollar value of an ounce you'll always have your ounce of silver.  The other nice thing is the jingle.

And, if you need to kill a werewolf, ...

Huge semi conductor shortage right now. Copper thieves are at it again too. Not sure if that explains why a big section of the H1 lights were out the other day but it would not be unprecedented. Defend your catalytic converter!

There's been a rash of catalytic converter thefts in the Mililani area.  Seems like Toyotas, especially Prius, are being targeted. 

Two reported just last weekend.

Here's an item I found for john wick fans on apmex. The original gold version sold out in 48 hrs. 

Interestingly HB1184 is still alive and would remove GET from precious metals purchases.

Couple states have removed tax on PM's. Texas has a bullion depository and few states have passed leg making it.legal for trade and payments.
If you want to get into etf's, The traded paper on the street is supposedly massively leveraged. I've heard that gold etf is something on the order of 300:1. Not sure about the silver. The funds are supposed to have the physical species to back up the paper. You do the math on that one. JPM supposedly has some massive stores of silver they use to manipulate the price.
Remember when the gov kept strategic reserves of silver?  That's all sold off as well.
I'm sure we all have speculated on how much of the peoples gold is left in ft Knox as well.

https://www.jmbullion.com/1-oz-biden-build-back-better-copper-round/

Copper anyone?

HB 1184 Status (Exempts the sale of precious metal bullion from the general excise tax.)

3/5/2021   H   Reported from FIN (Stand. Com. Rep. No. 940), recommending passage on Third Reading.

Silver is money.
https://www.reddit.com/r/Wallstreetsilver/comments/m77rj0/breaking_news_we_are_live_on_kitco_news_join_us/

Sort of related, but my coworker who invest in Bitcoin is now looking into metals.  He bought in at Bitcoin when it was $1,500 a coin and bought a few.  He sold fractions through out the years here and there and has about a little over 1 coin left.

I mentioned that new art work type crypto cause that's starting to take off.  He also collects shoes.

HB 1184 Status (Exempts the sale of precious metal bullion from the general excise tax.)

3/11/2021   H   Recommitted to FIN with Representative Ward voting aye with reservations; none voting no and Representative(s) Matsumoto, Mizuno excused.

I don’t know. It is hard for me to invest a ton of money into silver/gold bullion whose value is manipulated by the suppliers.

I don’t know. It is hard for me to invest a ton of money into silver/gold bullion whose value is manipulated by the suppliers.

I'm of the same mind.
Most all my investments are based on real estate.
That too is manipulated,  for example can you Buy a "Fee absolute"
property?  Probably not.
Best we can do is "Fee simple".
The very best investment is one you pee on,
grow your own food upon, drink your own water, and harvest your
wood for heat and shelter..