It is year now since I think of buy silver for wealth dotrsge and invest. The problem is I read on /biz/ that silver price never go up and is problem because it not catch up inflation. I should buy or kill self?
3 direct replies
by u/12D3KooWKw6kMvh3S5wgZXAxHFMWH2xrj63iLgbiJcPctMgCdJ3N | 18mo ago
I have some SILVER as a hedge against the global shit show money printing debt ridden economy. If the economy explodes, silver moons, if it doesnt I make profit off inflating regular assets. I wouldn't all in silver unless you had a calculated plan to offload it after an economic crisis. I have about 5% in silver and I have low 7 figs total networth
by u/12D3KooWDnncKrXTo4R8FQFXLAVVt4HfQvNExMwSgvV9AVTauzws | 18mo ago
i only have plebbit. I also have a phone, laptop, clothes and my autism.
if i made it with plebbit, id get some commodities in the physical form but also small cap mining companies.
it also needs to be noted that commodities have been completely tamed by options and extreme short selling beyond what exists physically.
as a result, its impossible to predict when the scam ends and commodities are honestly revalued.
resultingly, one should not put too much in any commodities but particularly silver which is the most suppressed.
by u/12D3KooWG32pJgJZb3H5NHVoB2bt2bK1LTr7ojjuzbP3VKtKwpmA | 18mo ago
i stack silver occasionally, just like a few ounces every other month
it's nice to have, it's really just because shiny rock,
but good to diversify from digits and numbers
it might not stay with inflation now
but it will over time
and in a true black swan currency collapse
it'll offer some value
i hate the new coins i mostly stack decorative
once plebbit hits 100M i'll probably get a few older coins like pre 1933 gold and silver coins
Mexican libertards are pretty too
just buy a small amount as a hobby
a larger amount if your rich
i don't few it as an investement
but a fun hedge