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RE: The Flying Pig have landed… Time to stack up them Steem Dollars?
Precious metals interest me but to be honest I do not understand enough to invest in it. I understand the value humans have placed in these things in the past, however I'm unsure how much they will still value precious metals in the future. Precious metals do have the advantage of having stood the test of time.
Silver interests me and I may take a position in it. I'm not sure whether holding bullion in my house increases my security or makes my family more vulnerable to physical threats. However definitely worth considering.
I think all bets are off should a black swan event take out the internet or major power supplies.
It's actually pretty simple - much, much easier than dealing in cryptos. Do not go for the "collectible" coins or numismatic value- buy simple, plain bullion for its' weight. Having a few gold or silver rounds on hand will give you immediate, portable wealth in the thousands of dollars. 10 gold rounds will get you out of many problems when the need for money, bribery, and/or bartering arise - and 10 oz. would be pretty easy to conceal. Honestly, you could go out and bury it if you're worried about theft. And, obviously, you don't broadcast what you are up to, to your "friends" and neighbors, and even some family.
Silver, however, is actually a MUCH more rare element than gold. It is being used up by the tech. industry at a faster rate than they are mining it out of the ground - so there will come a shortage. Silver is used in scores of products: cell phones, automobile windows, circuit board & chip manufacturing, solar-panels, water filtering, medicine, and many more practical uses. These products are the more "hi-tech" uses of it, but there are many others.
The element of silver just has some very unique molecular properties that are unique to it - it can do things that gold, and other metals, just can't do. It might not even be out of the picture to see silver approching, or even surpassing, the value of gold in the future - and right now you can buy about 70 oz. of silver for the same amount as 1 oz. of gold. Ponder that situation, for just a little while...
It might take 5, 10, maybe 15 years - but the day that silver gets this "moonshot" it's promoters are talking about, you're talking about taking profits like a Central Banker: obscene profits. It's not a bad idea to invest a few hundred or thousand in it now - it is, quite literally, dirt cheap. Just one more basket of potential eggs that will someday hatch. I'm sure I will take nice profits in my lifetime.
What I find especially interesting is that there are a couple of cryptos out there which have thier value tied directly to physical bullion - so, the idea is that you can "email" your bullion to yourself, as you move around the world. I have to look at this one closer, but The Dollar Vigilante seems enthused about it - so there's probably something to it.