It also doesn’t make sense to hold a bunch of something like gold and silver that goes up little to nothing while the stock market can DOUBLE your investment every 7 years on average for all history.
People holding gold and silver miss out on a TON of profit in the 99.999999999% of the time that is not the apocalypse and look very foolish when claiming it’s an investment when really it’s more like disaster insurance.
Are we assuming that everyone has the knowledge to invest in the stock market and there are no loser investors??? You can miss out on a ton of profit or loss. There are far more losers in the stock market than winners. The only ones that are constant winners are Congress and insider traders.
Certainly diversify. And insurance for sure... I'd never suggest anyone dumping all their money in metals.
Or any other commodity
The only folks that do better than picking completely at random are Congress or insider traders... but you're repeating yourself
3 fund ETF portfolio, stupid simple, paces the S&P. People lose money because they do stupid things, panic when there are moves down, get a hot tip from their friend that "knows their stuff" etc.
There is an old saying, your worst enemy when investing, is staring at you in the mirror...
Back to stacking, I followed a friend's advice and dove into silver over a decade ago. Those eagles are almost worth what I paid for them. That same money put in a fund that tracks the S&P would be worth over 4x.
It also doesn’t make sense to hold a bunch of something like gold and silver that goes up little to nothing while the stock market can DOUBLE your investment every 7 years on average for all history.
That’s true. I’m probably overly paranoid and pessimistic but it would be nice to have actual possession giving you some peace of mind that has value. How do you access your stock dollars ? Dependent on the internet ? Phone service ? Financial institutions with open doors ?,
That’s true. I’m probably overly paranoid and pessimistic but it would be nice to have actual possession giving you some peace of mind that has value. How do you access your stock dollars ? Dependent on the internet ? Phone service ? Financial institutions with open doors ?,
Guy's try looking at it like this. Precious metals is not an investment to make money. Precious metals is an investment to maintain wealth, be more versatile and convenient than other investments.
