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Post by Jolly on Feb 10, 2024 16:45:44 GMT
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Post by solargeek on Feb 10, 2024 17:05:15 GMT
JollyI understand with silver you actually get the product to safeguard as you can. What happens with gold? Those articles make it sound like you’re investing in stocks of g mines I’m not getting the actual product in your hands? If you could enlighten me or appointment an article explains what happens I sure would appreciate it.
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Post by Jolly on Feb 10, 2024 18:15:58 GMT
One can invest in gold or gold mining stocks, the theory being that either value rises in times of uncertainty and stocks do have a few tax and liquidity advantages. OTOH, if it is not part of an IRA (that makes possession more complicated), actual gold can be stored where you want to...I knew one gal kept a shoebox full of Krugerrands and Maple Leafs on her closet shelf. After her home was burglarized and the thieves overlooked the shoebox, she decided to move them into a safer place.
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Post by sunny225 on Feb 10, 2024 19:10:02 GMT
If you don't hold it in your possession, you don't/won't have it. Stocks and certificates are just paper. When TSHTF you won't have anything but paper.
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Post by Jolly on Feb 10, 2024 19:17:46 GMT
If SHTF in reality, you don't own anything except what you can defend and even that may be only temporary. That's if you're not in the middle of a nuclear exchange, in which case temporary may be a very short time, indeed. But assuming (big guess, I know) that present trends continue and the business cycle is the business cycle, I try as best I can to preserve capital and stay ahead of inflation. Mostly, I lose and that's because inflation is a wolf that never sleeps.
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Post by farmrbrown on Feb 10, 2024 19:34:18 GMT
One can invest in gold or gold mining stocks, the theory being that either value rises in times of uncertainty and stocks do have a few tax and liquidity advantages. OTOH, if it is not part of an IRA (that makes possession more complicated), actual gold can be stored where you want to...I knew one gal kept a shoebox full of Krugerrands and Maple Leafs on her closet shelf. After her home was burglarized and the thieves overlooked the shoebox, she decided to move them into a safer place. If you had said, "I knew one old gal kept a shoebox full of_____ " you'd have heard my mom say, "Who you calling old ? " LOL One of the few advantages to being a hoarder I guess. Thieves are lazy by nature so it's too much trouble to search every old box and stack of papers. I think they got away with 2 old guns and a TV overlooking that old trash can in the corner of her closet with about 80 lbs of pre-1965 quarters. Just enough to pay for a hernia operation if you did grab it and run. But after that I asked myself the same question. "IS there a safer place than that?" Maybe under the dog house......if I had one.
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Post by Jolly on Feb 10, 2024 20:50:24 GMT
One can invest in gold or gold mining stocks, the theory being that either value rises in times of uncertainty and stocks do have a few tax and liquidity advantages. OTOH, if it is not part of an IRA (that makes possession more complicated), actual gold can be stored where you want to...I knew one gal kept a shoebox full of Krugerrands and Maple Leafs on her closet shelf. After her home was burglarized and the thieves overlooked the shoebox, she decided to move them into a safer place. If you had said, "I knew one old gal kept a shoebox full of_____ " you'd have heard my mom say, "Who you calling old ? " LOL One of the few advantages to being a hoarder I guess. Thieves are lazy by nature so it's too much trouble to search every old box and stack of papers. I think they got away with 2 old guns and a TV overlooking that old trash can in the corner of her closet with about 80 lbs of pre-1965 quarters. Just enough to pay for a hernia operation if you did grab it and run. But after that I asked myself the same question. "IS there a safer place than that?" Maybe under the dog house......if I had one. You've heard of Little Eva Plantation of Uncle Tom's cabin fame. Well, she and her sister owned it. Their daddy was an oil man and instead of buying his daughters pretty dresses or what-nots, every Christmas, every birthday and every special occasion, they got a Krugerand or a Maple Leaf. My shoebox lady had her jewelry taken, computers, tv's, stereo and a few other things taken out of the house, but the stack of shoeboxes in the closet was undisturbed. Guess there ain't much market for women's shoes. If the thieves had only known...
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Post by Ozarks Tom on Feb 11, 2024 2:10:41 GMT
I agree that mining stocks, paper gold you buy from the national advertisers on the promise they'll have it in their vaults when you ask for it, and generally anything non-tangible (touchable) are just as risky as paper dollars. Most medium sized and bigger towns have gold & silver dealers. If a person checks that day's spot price, then shops around, they can buy in cash whatever they'd like. As opposed to buying physical PM's over the internet where there's a listing of the purchase at the seller, most local retailers don't keep records of who bought what. As to storage, as farmrbrown, said, if they weren't lazy they wouldn't be thieves. We don't have any PM's, but if we did, we'd put them where it took effort to recover them. Maybe in a stack of concrete blocks or pile of large stones. It would take thieves a solid week to look through all the junk laying around most homesteads. If a person did hide PM's, they'd be wise to give a "treasure map" to their heirs/loved ones. I guess I'll just keep buying lottery tickets until I hit the big one, then start taking my own advice.
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Post by solargeek on Feb 11, 2024 2:56:30 GMT
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