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142

I'm too poor to buy gold. There I said it. Nonetheless I buy silver eagles partly because they're beautiful coins but also I can afford silver.

But is there a point to buying silver now? I was reading a subreddit the other day and kids were saying metals were "something boomers still waste money on".

I mean, seriously?

I'm too poor to buy gold. There I said it. Nonetheless I buy silver eagles partly because they're beautiful coins but also I can afford silver. But is there a point to buying silver now? I was reading a subreddit the other day and kids were saying metals were "something boomers still waste money on". I mean, seriously?

(post is archived)

[–] 7 pts

The biggest argument against it is that it is dead money. Dead money, the money isn't earning interest or paying dividends. It sits there and can move little. Plus it doesn't always go up. There are people who bought in ~2011 who are still underwater.

I still buy but it isn't a big part of my holdings. As in most investments, don't keep all your eggs in one basket.

I buy and hold silver, but I do it more as a hobby than an investment.

[–] 1 pt

I have a small amount of silver, that's it. Just can't afford much of anything. Wish I could!

[–] 0 pt

(((earning interest or paying dividends.)))

Everyone wants something for nothing. I can see why people don't like PMs, it's honest money. Playing in the jews casino can be rewarding, eh?

[–] 0 pt

Earning interest is to just to offset inflation. Earning dividends is real earning: you've done useful work, earned money, and instead of getting the rewards of that by buying things or services, you sacrifice that for years and let someone else (a business) use that, and because they're more productive than you would have been with it, they create actual things of value, and you get some of that wealth. Think tools versus a big-screen TV.

[–] 0 pt

Define usury. Reconcile with what you've said.