Please Scroll Down to See Forums Below Thats easy,buying physical silver is stupid because there are no broker fees, set-up or maint. fees, and the government cant get their hands on it. Basically you can buy silver, sit on, walk into any coin shop, sell it for or close to spot and walk out with all your money tax free, no middle man, the brokers and uncle sam hate that.........
Silver about to pass $40/oz!
- Thread starter the.gladiator1987
- Start date
Thats easy,buying physical silver is stupid because there are no broker fees, set-up or maint. fees, and the government cant get their hands on it. Basically you can buy silver, sit on, walk into any coin shop, sell it for or close to spot and walk out with all your money tax free, no middle man, the brokers and uncle sam hate that.........
Hyperinflation in the Weimar Republic
Look it up under wikipedia. it says:
The Treaty of Versailles, however, accelerated the decline in the value of the Mark, so that by the end of 1919 more than 47 paper Marks were required to buy one US dollar [3] . It is sometimes argued that Germany had to inflate its currency to pay the war reparations required under the Treaty of Versailles, but this is misleading, because the Reparations Commission required payment to be in gold marks or in foreign currency, not in the rapidly depreciating paper mark. [4][5]
Look it up under wikipedia. it says:
The Treaty of Versailles, however, accelerated the decline in the value of the Mark, so that by the end of 1919 more than 47 paper Marks were required to buy one US dollar [3] . It is sometimes argued that Germany had to inflate its currency to pay the war reparations required under the Treaty of Versailles, but this is misleading, because the Reparations Commission required payment to be in gold marks or in foreign currency, not in the rapidly depreciating paper mark. [4][5]
SPEKTOR-AAA
New member
Glad to bad you didnt know my Gramps while back he had gobs of silver, seriously
calveless wonder
New member
Because you're putting all your money into one thing, that is relatively illiquid. You haven't even established a sell point (that's realistic). Why you wait for it to hit an unrealistic number like $150 an oz the value could take a shit.
Whenever you put your eggs in one basket, you're setting yourself up for failure.
No, we don't produce anything anymore, 3 things are propping up the US, we have the most powerful military in the world, we have the biggest gold reserve in the world, the Chinese are buying treasury bonds (our debt)..........
then why are they a main importer of silver now when they used to be a main exporter? They know that the dollar is weak and falling apart
way more liquid than a 401K, try taking that money out before you hit 60, major penalty, of course you can borrow from it, wait a minute, borrow my own money, WTF????
SPEKTOR-AAA
New member
Bro Im not arguing a bad investment....I think its smart personally you know this nukka
SPEKTOR-AAA
New member
Thats ultimately the point, dont touch it until you retire.
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