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..

I highlighted your comment above. Can’t say I disagree with you one bit. Just never heard anyone say it that way before.

I have about 75% of my money invested in real estate here in AZ. All fee simple. And manipulated. I agree the best investment one can make at this time is real estate. But if we embrace Socialism, gone.

I highlighted your comment above. Can’t say I disagree with you one bit. Just never heard anyone say it that way before.

I have about 75% of my money invested in real estate here in AZ. All fee simple. And manipulated. I agree the best investment one can make at this time is real estate. But if we embrace Socialism, gone.

Like the famous realtor said,
"When there is blood in the streets, buy land".

I read some of the Wall Street Silver subreddit. It’s like a soap opera for libertarians. I’ll have to follow the bank run on the Perth Mint story.

The PM market has been manipulated for decades ever since Tricky Dick took us off the gold standard.  There are no gold nor silver certificates that can be traded in at a Federal Reserve Bank anymore, we now have Federal Reserve Notes (pure fiat).

Whether or not the shiny metals become completely worthless depends on how deep the worldwide economies collapses.  And if it happens, then we are all screwed regardless of how much food, ammo, guns, etc. we have.

What is very odd about the PM market is that historically: 1. Platinum is usually around twice the price of gold, 2. gold is typically 50 times the price of silver, and 3. PMs (and bonds) typically are inverses of the stock market and are a hedge against inflation.  1 & 2 have been out the window for several years now.  And, 3 is no longer true as the PMs & bonds have gone up and down in sync with the stock market since the pandemic of last year (or, maybe earlier).

Inflation is inevitable as the feds have over spent around 3.4 trillion last year, spent another 1.9 trillion recently, and the dems are putting together another 3 trillion spending package.     PM valuations will skyrocket as the fiat become worth less (two words).  Doesn't mean that those holding (physical) PM will become rich, it is simply that their purchasing power will not diminish.

  I thought about buying silver, but the premiums charged (above spot) are ridiculous now.  I bought some silver when the premiums were around 5% above spot, but alas I lost it all in a poker game some time ago . . .   

I sacrificed my metals( gold, silver, lead) to the volcano gods. They were appeased. So no one needs to come looking for any sort of that stuff here. 

Good video on fake silver coins

Good video on fake silver coins
[snip]

Good information, thanks!

I have always bought from legitimate sources. Except I have one or two novelty coins that may or may not be pure silver. I bought them for the novelty and nothing else. Here is a pic of one I own. It depicts Uncle Sam spanking Sadam Hussein. From the first Iraq war.

I bought proof sets from the US Mint for my, my 2 daughters' and now my granddaughter's birth years.

The "big" set has a Penny, Nickel, Dime, Quarter, and Half Dollar all dated for the years they were born, and all in a nice acrylic case so you can view the fronts and backs without removing them.  Here's an example:

https://www.amazon.com/1968-Proof-Original-Government-Packaging/dp/B00NIWSCJ8/ref=lp_9236375011_1_6

I also included the "special" set of silver dollar and copper-nickel half dollar commemorative coins offered for their birth years.  Here's one for my first born's birth year:




I don't imagine these sets will become massively expensive, enough to make them all independently wealthy.  It's just a nice thing to own from the year they were born.  Uncirculated, double-pressed proof coins have very distinct markings and a shiny finish compared to the circulated ones.  And having a complete set just makes it more special for them, I hope.

If SHTF, at least the silver dollar might keep them from starving ... for a little while!   

That is an excellent gift for your family. It hits many good points.
Well done Flapp.

That is an excellent gift for your family. It hits many good points.
Well done Flapp.

Thank you. 

For anyone looking for a proof set, I recommend buying within a year or two of the birth year.  Best scenario is if it's in stock at the US Mint. 

Otherwise, you may have to pay a collector.  The longer you wait, the more you may have to pay IF you can find it.  The commemorative silver dollar & half dollar sets are harder to find than the 5 coin proof sets.

Kind of related but I thought it.was interesting. More of a human interest thread.
https://www.reddit.com/r/Wallstreetsilver/comments/mjb2dk/thank_you_343_pounds_156_kilos_of_food_given_to/
Actually should be in the Venezuela thread, sorry.

Well, well, well…..! Silver just crossed $49/oz.

Well, well, well…..! Silver just crossed $49/oz.

Awesome handle dude!

Haven’t heard anyone use the word Jackalope since is was a kid growing up in New Mexico!

I wonder how many people here a familiar with its craziness!

Thanks for the mammaries memories!

I’m a bit of a Jackalope enthusiast. How about that $50/oz silver though?

I’m a bit of a Jackalope enthusiast. How about that $50/oz silver though?

Awesome photo! - thanks!

With the trillions of fiat printed to paper over the total lack of any real economy, I recon precious metals are only beginning to fly.

Effectively none of that fiat has been withdrawn by the Fed through open market operations.  That’s why the stock “market” capitalization is more than TWICE GDP.

I missed the recent silver surge due to illness. I spent 17 days in the hospital. I am recovering at home.

Here are some interesting tid bits of info on silver/gold.
People in India are willing to pay up to $70 per ounce of silver.
People in Japan are now lining up for blocks to buy gold.
Trump has warned Putin that he may send Ukraine tomahawk missiles.
Each tomahawk missile uses 500 ounces of pure silver.

Here is a good video on which silver coins to avoid when stacking.
SD Bullion is an excellent company to buy from. First time buyers get to buy silver at spot.

   

The silver spot price is at $71.58 as of 8:20am.

I remember when Littleton Coin used to advertise silver dollars in the American Rifleman for something like $7.95

Some folks just can't help but jingle.

$95/oz