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Investing in Gold and silver or Digital Currency
- Thread starter Angel993
- Start date
Gold & Silver (G&S) have been a "Store of Value" for a long, long time [ONLY PHYSICAL]. If you think the USD is going to continue to devalue (lose purchasing power) as it has since the mid-30's, then G&S are a good place to convert your paper/fiat currency into. If/When you needs that value back, you can convert back into USD or any other currency that is available in your area at that time. However, you must take into account premiums when buying/selling and market fluctuations, like we witnessed when the USD grew stronger recently, since it is the least stinky turd in the toilet bowl of world currencies. [PLEASE DO NOT GET FOOLED INTO BUYING/INVESTING INTO PAPER G&S CONTRACTS OFFERED IN THE MARKET. THEY ARE DERIVATIVES AND ARE BACKED BY NOTHING.]
Crypto is a 100% gamble. I believe in Crypto and it's future use case, etc. But we are still very early. And fortune favors the bold. So, I have placed some play money into the Crypto space, fully expecting to lose 99% of it. But that 1% could pay huge dividends, maybe.
Here is the chart from the FRED (Federal Reserve Bank, St. Louis). It shows you the continuing loss of purchasing power of the US dollar through legal hidden taxations/inflation/unending government money printing, etc. This is by design with all fiat currencies. When we hit $0.00 purchasing power, a new system/currency will be introduced and it will start over again (unless we go with physical backing again).
Crypto is a 100% gamble. I believe in Crypto and it's future use case, etc. But we are still very early. And fortune favors the bold. So, I have placed some play money into the Crypto space, fully expecting to lose 99% of it. But that 1% could pay huge dividends, maybe.
Here is the chart from the FRED (Federal Reserve Bank, St. Louis). It shows you the continuing loss of purchasing power of the US dollar through legal hidden taxations/inflation/unending government money printing, etc. This is by design with all fiat currencies. When we hit $0.00 purchasing power, a new system/currency will be introduced and it will start over again (unless we go with physical backing again).
Consumer Price Index for All Urban Consumers: Purchasing Power of the Consumer Dollar in U.S. City Average
Graph and download economic data for Consumer Price Index for All Urban Consumers: Purchasing Power of the Consumer Dollar in U.S. City Average (CUUR0000SA0R) from Jan 1913 to Sep 2025 about urban, consumer, CPI, inflation, price index, indexes, price, and USA.
fred.stlouisfed.org
G&S good place to buy and invest with money your not going to need any time soon. It's a long term investment, very volatile . But Definitely influenced by what the economy is doing too., right now the economy isn't doing great so both, G&S fluctuating gradually higher.
I'm just waiting on my number to hit before selling some.
Crypto, don't know alot about, bought the pennies stocks
and reduced price crypto, laid 500 on each, see what it will do.
Like bitcoin, no one really knew too much about it, then it really took off.
I invest through like an app Robin Hood it's call, invest through there if you will.
It's all a risk, buy your Definitely not making anything much on bank interest.
I'm just waiting on my number to hit before selling some.
Crypto, don't know alot about, bought the pennies stocks
and reduced price crypto, laid 500 on each, see what it will do.
Like bitcoin, no one really knew too much about it, then it really took off.
I invest through like an app Robin Hood it's call, invest through there if you will.
It's all a risk, buy your Definitely not making anything much on bank interest.
Yeah thats why I was asking there is so much information out there most of it seems like BS but I dont want to miss out on a good chance to make money if some or all of these things are going to "explode" in price over the course of a year or 2
Thanks for that infoGold & Silver (G&S) have been a "Store of Value" for a long, long time [ONLY PHYSICAL]. If you think the USD is going to continue to devalue (lose purchasing power) as it has since the mid-30's, then G&S are a good place to convert your paper/fiat currency into. If/When you needs that value back, you can convert back into USD or any other currency that is available in your area at that time. However, you must take into account premiums when buying/selling and market fluctuations, like we witnessed when the USD grew stronger recently, since it is the least stinky turd in the toilet bowl of world currencies. [PLEASE DO NOT GET FOOLED INTO BUYING/INVESTING INTO PAPER G&S CONTRACTS OFFERED IN THE MARKET. THEY ARE DERIVATIVES AND ARE BACKED BY NOTHING.]
Crypto is a 100% gamble. I believe in Crypto and it's future use case, etc. But we are still very early. And fortune favors the bold. So, I have placed some play money into the Crypto space, fully expecting to lose 99% of it. But that 1% could pay huge dividends, maybe.
Here is the chart from the FRED (Federal Reserve Bank, St. Louis). It shows you the continuing loss of purchasing power of the US dollar through legal hidden taxations/inflation/unending government money printing, etc. This is by design with all fiat currencies. When we hit $0.00 purchasing power, a new system/currency will be introduced and it will start over again (unless we go with physical backing again).
View attachment 8637373
Consumer Price Index for All Urban Consumers: Purchasing Power of the Consumer Dollar in U.S. City Average
Graph and download economic data for Consumer Price Index for All Urban Consumers: Purchasing Power of the Consumer Dollar in U.S. City Average (CUUR0000SA0R) from Jan 1913 to Sep 2025 about urban, consumer, CPI, inflation, price index, indexes, price, and USA.fred.stlouisfed.org
Precious metals hold value and fake currency backed by air attacks get rich quick. Fake inflated value scheme.
Good dividend paying stocks over create wealth reinvest the dividends over time Nickels & dimes add up. No tax either until sold if in Roth account as of now taxes when taken out . The taxes where paid when first invested .
Remember when US Gov made owning gold illegal? Yep, that was a thing.
Some folks claim the price of gold is being manipulated today.
Google the Hunt brothers and the silver scandal.
I'm a believer that lead will be more important than gold or silver if things go south. Once things start to recover after all of the lawlessness silver and gold will be king.
The stock market is legalized gambling.
If someone offers you a get rich quick scheme, more than likely they are trying to scam you.
Some folks claim the price of gold is being manipulated today.
Google the Hunt brothers and the silver scandal.
I'm a believer that lead will be more important than gold or silver if things go south. Once things start to recover after all of the lawlessness silver and gold will be king.
The stock market is legalized gambling.
If someone offers you a get rich quick scheme, more than likely they are trying to scam you.
