QWAK,Why own physical BULLION? HUMmmmmm
 

QWAK,I believe THIS is the GREATER REALITY! ("ALL is ONE" is the KEY to understanding and breaking the CICLE!)

GOLD (and SILVER also) when held in PHYSICAL FORM are NOT an INVESTMENT, they are a TIME HONORED form of SAVING in HARD CURRENCY to PRESERVE a CURRENT level of PURCHASING POWER!

It is called "SAVINGS", it pays NO INTRIST,it pays NO DIVIDENS,it just SITS THERE doing only ONE THING ------ it AVOIDS DEPRECIATION and DEBASMENT which is caused by BANKERS and GOVERNMENTS issuing FIAT CURRENCY with out LIMITS out side THEIR ability to ALTER,control or MINIPULATE!

Owning BULLION is NOT about GREED,it is NOT about WINING or GETING OVER on any one, NOT about hoping for a GREATER FOOL to BUY somthing YOU bought ONLY because you expected a greater fool WOULD come along.

IT is not like one of YOUR poker games or GAMBELING realy, as the RISK is not in any way to OTHERS, it is fully taken by the BULLION HOLDER!

It is perhaps the OLDIST form of INSHURANCE ,only you DON'T buy it from some one else or a company, you are NOT trying to SHIFT or AVOID the risk by having others asume it for you, YOU are SAVING to INSHURE your self and the ones who YOU wish to HELP and PROTECT!

People tend to FORGET quickly,in a generation or two they DO what people always DO,--- try to GET OVER on each other rather than just HELP each other!

It is ALMOST that simple but it is also as CONVELUTED and CONFUSING as posable so as to BEST get the MOST "UNFAIR ADVANTAGE" with out THEM (the greater FOOL) realising they have been FLEESED to one extent or another! LOL

Every 78 to 80 years there is an ECONOMIC WINTER, it happens about as regular as our 4 weather seasons only it is a much longer cicle so by the TIME it comes around the people living have FORGOTTEN what happened and MOST importantly WHY because they did NOT UNDERSTAND and actualy LEARN from the PREVIOUS EXPERIENCE,some just SURVIVED IT!

Any way THAT'S my story and I'm sticking to IT! :albertein

the DUCK

Re: QWAK,Why own physical BULLION? HUMmmmmm
 

I like your story, Duck.

It does not go to zero in a crisis. As you say it is a form of savings, though it does fluctuate in barter value, as everything does.

But it has more basis in thrift, like fully owning one's homestead and putting food by, than most 'investments'.

Our 'casino' economy has turned everything into a gamble priced in $, but bullion, shelter, food, arable land, are less expressions of that by the owner.

Re: QWAK,Why own physical BULLION? HUMmmmmm
 

Collecting & spending money on bullion is better than collecting & spending money on Beanie Babies or Star Wars action figures!

Re: QWAK,Why own physical BULLION? HUMmmmmm
 

I view my physical as completely decoupled from FRNs. When I "sell" my PMs, it will only be to acquire other things of intrinsic value, such as food, housing, land, etc.
My new avatar is a 1365 Noble of King Edward III, to remind me that gold has been real money for a long time. (I know, I could go back a lot farther, but I actually own this coin. It's a very cool thing to have!)