4 ms·
Ask HN: Do you own physical silver or gold?
Have any HNers taken a portion of their dollars and converted them into hard metals? How much, why so and do you hope to convert back one day?
- phyllotaxis 15y agoYes. The quantity isn't important, but the premise underlying the decision is. http://mises.org/daily/5051/Inflation-and-the-Value-of-Gold-Explained http://mises.org/daily/5051/Inflation-and-the-Value-of-Gold-...
- brk 15y agoA little bit, yes. I'm also heavily invested in brass, which will be more valuable should any kind of domestic situation occur that requires physical gold or silver be used in place of cash.
- johnnyg 15y agoCan you break down your case for brass? The zerohedge folks don't tend to speak on it...
- brk 15y agobrass == ammunition. When Y2K was rolling around, some of my tinfoil hat coworkers would talk openly about all the supplies they had stocked up. They asked me what I had stockpiled. "Only brass, mostly 5,56. But, thanks for letting me know where I can come and get perishable goods if needed." I'm all for diversification, and do truthfully have some investments in precious metals, but not for some end-of-days kind of scenario.