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LuckyCharms

(20,865 posts)

10. Marthe...

Reply to Marthe48 (Reply #8)

Wed Oct 8, 2025, 10:48 AM

Oct 8

I've been holding gold and silver for almost 60 years. I'll never sell it.

There are better investment vehicles out there, if you are looking to make money.

You can trade it and try to time prices if you choose to, like any other investment, but the main purpose people hold onto it forever is to hedge against a potential collapse of the dollar, inflation, or political meltdown.

If the value of the dollar collapses, or if crypto permanently crashes, something else will become valuable to use as currency. And that something is traditionally thought to be precious metals. However, it could be something as simple as bottled water and toilet paper too that will be used as currency.

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Marthe48 Wednesdays

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Highlight:

Gold ask is at $4,046 per ounce as I type this. All time high. n/t [View all] LuckyCharms Oct 8 OP

I am going to load up my truck and cash in, doc03 Oct 8 #1

I'm not sure of your age... LuckyCharms Oct 8 #3

Wow doc03 Oct 8 #27

I had started a little dollar-cost averaging program... MaeScott Oct 8 #2

Seems like a lot of investors are fleeing to a perceived safe haven LuckyCharms Oct 8 #4

China and India are buying LOTS of gold RazorbackExpat Oct 8 #12

Most people never heard of it on the way up. usonian Oct 8 #5

Because the dollar is in the toilet Johonny Oct 8 #6

Buy High! Never Sell! MineralMan Oct 8 #7

Or, if you think think it won't go higher... LuckyCharms Oct 8 #9

I have always given all of my investments in gold MineralMan Oct 8 #11

I like silver, both for it's silver value, and numismatic value. LuckyCharms Oct 8 #14

I have a question Marthe48 Oct 8 #8

Marthe... LuckyCharms Oct 8 #10

I don't invest in it Marthe48 Oct 8 #13

Personally? I would only sell it as a last resort. LuckyCharms Oct 8 #15

I suspect that the elite rich want to scarf up as much of the precious metals as they can Marthe48 Oct 8 #17

Make sure you don't sell your toilet paper! LuckyCharms Oct 8 #19

You mean it doesn't say Marthe48 Oct 8 #22

LMAO! LuckyCharms Oct 8 #23

"...the elite rich want to scarf up as much of the precious metals as they can..." Wednesdays Oct 8 #24

Thanks! Marthe48 Oct 8 #25

I bought my first gold coin in 1968, RazorbackExpat Oct 8 #16

I bought a one ounce Englehard silver bar at a Syracuse coin shop LuckyCharms Oct 8 #20

Goldfinger will be happy SocialDemocrat61 Oct 8 #18

This message was self-deleted by its author PeaceWave Oct 8 #21

Silver ._. Oct 8 #26

Precious metals go up when the economy or doc03 Oct 8 #28

Clearly a bubble. Gonna sell my gold - and my tulip bulbs! yellowcanine Oct 8 #29

Not necessarily if the fucker in the oval office... LuckyCharms Oct 8 #30