Silver, who is buying it
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Silver, who is buying it

This is a discussion on Silver, who is buying it within the General Talk forums, part of the General Discussion category; The old adage is do what the rich do and you will be rich Buffet bought 100 million ounces Goldman Sacks around 200-350 ounces China ...

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Thread: Silver, who is buying it

  1. #1
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    Silver, who is buying it

    The old adage is do what the rich do and you will be rich

    Buffet bought 100 million ounces
    Goldman Sacks around 200-350 ounces
    China continues to buy

    So these folks buy and sell... well China has not been selling.. but as a general rule

    even Bill gates talks about buying silver and making money as he said "Doing very well on silver"
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  2. #2
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    I buy it.

    Some people think silver useless, but it is clear that there are nations and very rich people who think differently. There are states that agree:
    https://www.soundmoneydefense.org/st...ender-movement

    Some people believe silver will be useless in SHTF situations, but those people don't know the same people I know. The "hobby farmers" (self-reliant people who grow enough for others), for example, all tell me they will prefer precious metals for their meats, veggies and honey. But, hey; what in the world do they know?
    Slippy's-Attorney likes this.
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  3. #3
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    Two lessons I was taught:
    1. Diversify.
    2. Don't put all the eggs in one basket.

    Similar lessons. I like some silver. I don't have near as much as I want. I also like brass, copper, and lead/alloy. Don't have as much of that as I want either.
    But THEY should never discount having multiple forms of barter or currency. After all, what is currency but an object that represents a given value to a given society?
    Silver is easier for us mere mortals to stash than the same weight of gold, and easier to break down into usable amounts for small item trade.
    Me personally, I can see possibly trading my goats, chickens, rabbits, etc for silver in a certain situation. In a barter economy, everything will have value.
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  5. #4
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    Currency is fiat issued by banks. They are "currently" used in lieu of money.

    Barter is trading some needed items for other items.

    Using silver to buy something is simply buying something. After all, it is real money.
    "Reality is almost always wrong."
    Dr. Gregory House

  6. #5
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    I've got about a thousand ounces of junk silver coins. Unlike bullion, they have an intrinsic monetary value. Fortunately, I didn't have to buy it. It was given to me by a grandparent many years ago.
    paraquack likes this.
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  7. #6
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    Actually, silver has an intrinsic (belonging naturally) monetary value.

    FRNs, on the other hand, are forced on us, even though they have no intrinsic value but are nothing more than pieces of cloth backed by nothing.
    "Reality is almost always wrong."
    Dr. Gregory House

  8. #7
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    I buy it any time I can afford it, unfortunately I have not been able to buy lately
    I have a few hundred Oz. but no where near what I used to have..
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    Amen

  9. #8
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    I did most of my buying pre-Y2K. Sold a little at $44/oz to pay for a vacation in NYC. I'll hold on to the balance; see how things go.

  10. #9
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    Silver has value. It can be melted down and cast into bullets. Remember the Lone Ranger?
    I really want one of these!Hidden Content

  11. #10
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    I just listened to this Jim Rickards interview, it was a spectacular breakdown of why gold (and silver) is a great purchase



    He also does a good job of explaining his credentials...the positions he has held in his life puts him in the know, and he stays on top if it and travels the world and talks to the right people. Unlike a lot of people he gets into finer details and not just general trends
    sideKahr likes this.

 

 
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