THE Random Chat Thread - AKA "The RCT" - No shirt or shoes required - Open 24 / 7

Good morning everyone.

Rook glad to see you made it through the storms! [emoji4]

Thanks WD
We really weren’t aware of how bad or the kind of damages they did. More on the way tomorrow some of which will be purdy bad. And the bride and myself have to travel.
 

Noah,

I've bought 3 or 4 lots of silver rounds over the past year and the big players are scrambling to replenish their inventory.

That tells me most people that already have items are holding on....patience grasshopper.
Hold on the big players..copper is paying out if you have the right job or hobby to get some inventory....
 

Well i guess it is on the rise...

spot-copper-30d-Large.gif
 

Arc I sold in 2006 and copper was doing what it is today.
I was at my red metals brokers after the crash and he was telling me that they were getting over $5 for Millberry copper before it crashed.
So it's going to happen once again, and it's not going to be pretty in a lot of sectors out there.

Folks are buying homes 100-200K over asking prices right now in my area, plain crazy.
Money is being lent out for nothing and when it becomes something again how are young folks going to be able to afford a 8-10% mortgage on a 600-800K home. Nope.
There's going to be lots of buying opportunities when the cow flopper hit the big fan.

Folks are building homes right now ICF no lumber stick framing at $10.+ for a 2x4 stud.
 

Recent "talks" caused me to think of a question I've had....

What's gonna happen to "metals" pricing? When they finally start capturing some of those asteroids floating around? You know, the ones that are solid gold? Silver? Copper? Etc....:tongue3:
 

ARC,

Copper is an industrial metal with lots of uses....all that money printing is coming back to bite us in the butt.

Food prices going up, lumber, metals base as well as precious and as Jim says house prices going crazy....enjoy the ride but a some point there'll be a crash and it won't be pretty.




Well i guess it is on the rise...

View attachment 1923075
 

I had a millionaire tell me last year it was okay to have "a little" silver on hand. And I have a rich friend that told me I should take out my social security and buy silver with it. Nothing like confusing me.
 

I had a millionaire tell me last year it was okay to have "a little" silver on hand. And I have a rich friend that told me I should take out my social security and buy silver with it. Nothing like confusing me.

The first has some merit. I don't know about the second....

Silver is a hedge against currency collapse. How you would use or spend it is another matter.
But it can be fractional. As cut coins were in the past. It can be bought in fractionally arranged design/pours. Kinda like a chocolate bar can be. Break off a gram for example.

The odds of an an ounce of silver having a proven tangible value , and that value being understood by someone you are bartering with has to be factored.
If the internet is available , great.
Otherwise a bag of old dimes is worth the dimes it contains. Vs silver value.

Too much silver reduces it's portability. That's where gold comes in.
But an ounce of gold (and of course smaller amounts are possible) at a gas station would be an interesting attempt of acceptance , let alone getting any change....

No interest is gained on storing precious metals. It can gain in value. Just as it can decrease. When it is appreciating in value , is a rough time to be buying.
A gradual accumulation makes sense over time. Decades even.

Not sure about pulling funds from social security. Whatever that means. If you are receiving payments from social security I'd consider it as income /budget.
If budget allows , a small percentage of it can go to investing. Depending on budget.

I started with old "junk" silver coins. Not a bag of them or anything. Just some over time at a slight premium over melt value.
And when silver was priced lower , silver rounds in one ounce size.

What percentage of your portfolio should be in precious metals should (in theory) not be based on current values. But on precious metals intrinsic value (look for real value vs perceived).
Only my opinion.
But keep portability ,securing it from theft ,and market fluctuation trends in mind.
"A little" suits most logic.
Too much becomes a burden. Depending on ones definition of too much...
And risks too many eggs in one basket instead of diversity.

There are other things the market has not jumped on that can be considered long term investments should a monetary system wobble too much.
What tools do you find indispensable? (Don't answer , but if you had a couple spares stored properly , would they be of value in a fractured market ? In a year? Ten years?)
A "new" shovel you bought ten years ago would be cheaper (in theory) ten years ago. You didn't earn interest on that money though. And had to store the shovel. Plus portability...You move or walk away for example.

What long term terms of what items or material held value over time based on actual value today? Can it be speculated what tomorrow's realized gain in value will be?
I'm not suggesting shovels. Only as an example. If we see them used enough a replacement is inevitable. And should a demand arise when shovels are scarce as a result , they gain multiple values.
In hindsite after considering past trends , rather to have a couple shovels from decades ago stored well , than a few beanie babies to barter with.
Looking forward and backwards in trend and value and speculating on future values (monetary,or barter,or using for another purpose , Silver catches the attention of some investors. And for others that "hedge". Should the financial world go off the rails. While it's mere diversity of portfolio for yet others.
For the going off the rails concerns , it would take much more than silver to help an individual endure. But a small amount wouldn't (in theory) hurt.
So if you ever have more than a small amount. Keep it secure , and a secret.
 

I must mention my awesome internet friend surf. He passed away on this day in 2014. We were on the antiquebottles.net site. He checked out TreasureNet and urged me to join due to my love for arrowhead hunting. He never posted anything without attaching a picture to it. His intelligence was extraordinary. He kept his identity secret, even from me. I learned of it only after his passing when his daughter joined Tnet only to announce his sudden death. "" Thank you Surf for sharing your generous spirit"". I'll always virtually remember you!
 

Relevant...good post!
I am thinking that the days of collecting and/or storing silver and gold have passed...

Virtually no one, especially of a younger generation,
collects stamps
collects coins
collects anything that is not digital.

too busy online...so I really think that collecting and holding silver/gold or other precious metals is over with.
They are collecting bitcoins...

Precious metals will fall back to their industrial use value...
 

Recent "talks" caused me to think of a question I've had....

What's gonna happen to "metals" pricing? When they finally start capturing some of those asteroids floating around? You know, the ones that are solid gold? Silver? Copper? Etc....:tongue3:

Hmmm... WIF...

PUFF PUFF PASS !

:P

Um i dont think that will happen in our lifetimes. :)

Err or anytime soon rather.
 

Relevant...good post!
I am thinking that the days of collecting and/or storing silver and gold have passed...

Virtually no one, especially of a younger generation,
collects stamps
collects coins
collects anything that is not digital.

too busy online...so I really think that collecting and holding silver/gold or other precious metals is over with.
They are collecting bitcoins...

Precious metals will fall back to their industrial use value...

I am gonna have to disagree on ONE of those...

Coins.

I have seen first hand a growing interest by the younger ones into coins... AND... watches.
 

Good morning RCT and crew.
 

Morning RCT / Tnet Crew.
 

Morning OV and AARC
 

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