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  1. Well ... yes, but saying it's a bank's liability just means they owe it to someone, not that it's a "liability" in the sense of being a bad thing. In the United States banks can't loan money without deposits, its required for fractional reserve banking (a total scam, I agree!). There are a lot of things that are balance sheet liabilities including home mortgages and credit cards on an individual's balance sheet, but that doesn't mean you'd be better off in nobody ever loaned you any money.
  2. I'm not a collector, so I'd focus on whatever gave me the most silver for the least amount of premium over spot (to a point).
  3. Don't buy coins where this is an issue ... 90% constitutional silver is much better
  4. Inside the UK (and I'm not in the UK) my understanding is that you're basically swimming up stream when dealing in silver because of the way your VAT taxes work - rewarding (or at least not penalizing) gold purchases, but charging full taxes on silver. The trouble is that the UK just doesn't consider silver an investment metal, apparently. That is probably going to be a shadow over your desire to stack silver. I don't know how VAT works, but I would assume that if you purchase silver in Canadia you're still going to have to file that tax when you get it back home. That said, I'm really the last person who should be talking about this since I have no idea what I'm talking about lol.
  5. Nice post KDave. Reminds me of the old saying - as long as their are thieves and politicians there will always be cash.
  6. I'm saddened by the state of retail banking today, as I'm sure many are. These places are so fee ridden, and feel so entitled to your money, that they're basically nothing but pickpockets now, charging you for everything from normal transactions to fees for not doing enough transactions, fees for absolutely everything they can charge fees for, minimum balance fees, I bet they'd charge you a "front door fee" for using the front door of the bank if they thought they could get away with it. Combined with the lack of government protection of depositors, recent moves to pass legislation for "bail-ins" to treat depositors as if they were investors, with all the downsides and none of the benefits, and you have a recipe for future disaster. Whatever happened to banks needing and rewarding depositors who loan the bank money ? Now it's just full of entitled people who feel its perfectly legitimate to rip depositors and customers off at every opportunity. Fortunately, there is an alternative if it all goes to hell, and that's precious metal. Hopefully it never comes to it, but it's nice to know its there if it all falls apart. It's no wonder so many are pushing for a cashless economy, because then the thieves get to steal with impunity.
  7. Yesterday I was sitting behind two young people and noticed a U.S. quarter (0.19£uk, 0.22€eu) laying on the floor and I asked the nearest of the two "Did you drop a quarter ?", and she responded no, and then just left it there. I turned to the other and said "You ?" and he said no, and then they both laughed and said that it wasn't even worth picking up. I said "Well I'm not to proud to pick it up" and picked it up and put it in my pocket lol. Brats lol.
  8. I don't drink, but still keep a small amount of the hard stuff in storage. It doesn't really lose any value over time, so is a reasonable store of value. I think if I was into that kind of thing I might look at it more seriously as an investment. I would think that if I did that I would be reluctant to invest in paper, however, and more interested in investing in the actual commodity i.e. bottles of the stuff held in storage. In a weird way stuff like that is almost like a collectable, because people have it in their mind that if its older it must be worth more, and there's probably something to pulling out a bottle you purchase 50 years ago and giving it to someone like it was a treasure, if for no other reason than its in an old bottle, even though once its in the bottle my understanding is that it doesn't "age" anymore. I would never get into wines, etc, since they can go bad. All that said, it's really something I'm just not that interested in ... to me it would be like storing away a closet full of running shoes in the off chance that 50 years down the line people might feel nostalgic for them. It seems like this paper "opportunity" is a way for the manufacturers to recoup money on their warehousing expenses.
  9. Having bullion is like always having a winning lottery ticket in your pocket just before you redeem it for your winnings. It is pure possibility, a spring in your step, and a smile on your face, and the knowledge that you alone possess this small treasure upon which nobody can lay a claim. It's tangible, and its yours, and for someone to take it from you they would literally have to fight you to take it from your hands. Women will come and go, the stars will twirl around in their heavens, empires will rise and fall, but that bit of gold and silver will be as wonderful as the day you found it - forever a promise of a warm bowl of soup, or some shoes, or anything else your wistful mind might dream of.
  10. I would say the question shouldn't be how much of your savings should be in PM, but, rather, how much of your CASH should be in PM. Most of your savings is going to be in investments that pay a return, either interest or dividends, probably. Cash, on the other hand, basically just sits there losing money vs inflation unless you're rolling it over in short term debt, so it makes sense to keep a good portion of your cash in precious metals at near spot. You have to factor in the transaction fee, of course, and keep in mind that you can't liquidate large amounts of bullion at once without losing money vs. spot, but at least you're not in paper. Of course you have to have a certain amount of cash, including emergency funds, etc, in any case, paper is the legal tender. Most of the people on this forum, btw, aren't bullion investors, and are not actually investing in silver and gold, most of them are investing in collectibles which is a different kind of investment than pure bullion investing.
  11. Not what you asked for, but my advice is buy silver at near spot that doesn't need an plastic capsules Stack it high!
  12. The United States had a city (Philadelphia I think ?) that passed a law last week requiring businesses to accept cash, said it was an issue of fairness to the poor many of whom don't have access to Credit Cards which are the predominate form of cashless money in the U.S. I don't have a link to the article as I just read it in passing.
  13. Silver prices brought me back :D It's time to start watching close again, I think.
  14. Thank you for the feedback EllenD, glad you found it! That's how I felt when I found the book decades ago.