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Here comes the silver bugs again... never will be worth more than 25$ oz.. gold ain't much better
I agree and disagree. In 1988, my Government and Economics teacher asked me what an ounce of gold was worth. I told him roughly $400-500(I was within $50 or so). I thought it was pretty smart for a student of my age to know that. He told me I was not answering his question correctly and proceeded to tell me it was worth exactly the price of one fairly nice men's suit. He went through the history of the price of an ounce of gold and the price of a nice men's suit to prove his point. I'm sure he was cherry picking specific dates to prove his point, but there is a correlation to some degree of precious metals and inflation. So, I disagree silver won't go above $25 per ounce, but I agree, that ounce of silver isn't going to be worth much more than the purchasing power of today's $25. I don't invest in precious metals like some people. I don't feel the urge to with my current net worth, BUT, those that do buy gold and/or silver could be doing worse things with their money.
I agree and disagree. In 1988, my Government and Economics teacher asked me what an ounce of gold was worth. I told him roughly $400-500(I was within $50 or so). I thought it was pretty smart for a student of my age to know that. He told me I was not answering his question correctly and proceeded to tell me it was worth exactly the price of one fairly nice men's suit. He went through the history of the price of an ounce of gold and the price of a nice men's suit to prove his point. I'm sure he was cherry picking specific dates to prove his point, but there is a correlation to some degree of precious metals and inflation. So, I disagree silver won't go above $25 per ounce, but I agree, that ounce of silver isn't going to be worth much more than the purchasing power of today's $25. I don't invest in precious metals like some people. I don't feel the urge to with my current net worth, BUT, those that do buy gold and/or silver could be doing worse things with their money.
All bookish economist answer this way...not useful for commoner who needs something real to pass on to family.
"Silver won't go above 25". It's like saying lifetime food prices don't exceed today's big Mac burger price. Metals/Commodities cycle yet to start. Just see oil prices now. metals follow broad commodity cycle
In for 30. I just picked up 40 from APMEX via Walmart the other day (right at $1K), so those were about $2.50 above spot at the time. This will save me about $75.
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I think this is dead; I created a new account, I downloaded the app, the deal doesn't appear at the top of the app not anywhere else in their silver rounds category. I attempted to use the link provided and it redirects …
I agree and disagree. In 1988, my Government and Economics teacher asked me what an ounce of gold was worth. I told him roughly $400-500(I was within $50 or so). I thought it was pretty smart for a student of my age to know that. He told me I was not answering his question correctly and proceeded to tell me it was worth exactly the price of one fairly nice men's suit. He went through the history of the price of an ounce of gold and the price of a nice men's suit to prove his point. I'm sure he was cherry picking specific dates to prove his point, but there is a correlation to some degree of precious metals and inflation. So, I disagree silver won't go above $25 per ounce, but I agree, that ounce of silver isn't going to be worth much more than the purchasing power of today's $25. I don't invest in precious metals like some people. I don't feel the urge to with my current net worth, BUT, those that do buy gold and/or silver could be doing worse things with their money.
I've heard a silver dime is always worth a loaf of bread.
Today a silver dime is worth a $1.60 and I can buy a 20oz loaf of store brand wheat bread for $0.99
It probably isn't the most healthiest bread but it makes a great sandwich.
Last edited by 4u2c September 30, 2023 at 01:48 AM.
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Our community has rated this post as helpful. If you agree, why not thank EyeH8Reb8s
Didn't know and paid with CC, more expensive.
Pay with wire/check for cheaper.
"Silver won't go above 25". It's like saying lifetime food prices don't exceed today's big Mac burger price. Metals/Commodities cycle yet to start. Just see oil prices now. metals follow broad commodity cycle
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Our community has rated this post as helpful. If you agree, why not thank charlesp2000
I've heard a silver dime is always worth a loaf of bread.
Today a silver dime is worth a $1.60 and I can buy a 20oz loaf of store brand wheat bread for $0.99
It probably isn't the most healthiest bread but it makes a great sandwich.
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