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Interesting, so You would say precious metals are just being hyped by retailers and the concerns about currency devaluation/inflation are overrated? You could b
by sigmaprimus 5y ago
Interesting, so You would say precious metals are just being hyped by retailers and the concerns about currency devaluation/inflation are overrated? You could be right but some of their arguments are very compelling.
Eg. In 1880, 20 Dollars would buy a weekend stay at a nice hotel, a new suit and a steak dinner. If that 20 dollars was in the form of a 20 dollar gold coin(which could be bought for 20 Dollars in 1880) that same gold coin could buy all three things today and at any other point in time over the last 140 years.
I find it hard to dismiss that argument.
- jstx1 5y ago- I don't think precious metals are hyped up by anyone, it's probably just your own ad bubble. - Precious metals aren't the only hedge against inflation (stocks work in the same way but with higher gains over time).
- gokdisjtrdcvv5 5y agoYeah but it’s more fun to actually hold silver or gold! Not very good investment but I’d recommend most people to get $200 worth just for fun!
- manbart 5y agoY’know, it actually does sound fun. I would be stoked to have some (reproduction) gold Doubloons. I could keep them in a little satchel.
- gokdisjtrdcvv5 5y agoYeah it feels good! Having a satchel of gold would be fun but it’s just so expensive!