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Comment by Noaidi

20 hours ago

Gold and silver mining stocks. And International ETF funds. It looks like the United States will be going through the depression alone.

11 comments

Noaidi

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teiferer  20 hours ago

Buy high, sell low. Excellent result when you follow the masses, especially when being a little late.

  • Noaidi  19 hours ago

    Where was I giving that advice? Gold and silver mining stocks are extremely low compared to the price of gold and silver buying mining socks right now is buying low.

repelsteeltje  20 hours ago

Was thinking the same, but why would everyone be more interested in gold an silver in a couple of months than they are right now? Sure it beats holding dollars of stocks.

But, keeping both feet on the ground, I'm tempted to think that if the economy collapses I'd not be very interested in buying precious metals. I'd be looking for food, a roof to live under and safety.

  • Noaidi  19 hours ago

    You can invest in silver mining stocks, and be concerned about food at the same time. One is for long-term survival. The other is for short term survival. You can think of things like toilet paper and razors as bartering tools or actual new money, and the golden silver investments as objection of the current money you have right now.

    My grandfather lives in a great depression in Manhattan. He told me some crazy stories, but you know what most people made it through. I think this time our system is more fragile, but I have no doubt that human survival is much stronger than me think as well as human socialism.

    For instance, I am homeless living with schizoaffective disorder and I’m not worried so why should you be?

SchwKatze  20 hours ago

I saw the graphs of some silver mining stocks and it seems to just follow silver price, why don't just buy silver then?

  • czechdeveloper  20 hours ago

    Mini stocks were traditionally used as way to invest in asset as a security. But currently with all the ETFs that are backed with physical asset itself, I'd choose that way.

    Holding asset yourself (gold) causes logistical issues and massive buy/sell split on your side, but it has some advantages too.