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Personal Finance and Investing

A HERETIC I AM

(24,399 posts)

6. I heard an excellent analogy for gold...

Reply to ret5hd (Reply #3)

Sun Nov 27, 2022, 12:40 PM

Nov 2022

Last edited Sun Nov 27, 2022, 02:29 PM - Edit history (1)

That applies to other precious metals in some way, I suppose.

It goes like this;

150 years ago a $20 gold coin would buy you a finely tailored suit.

Today that very same coin will buy you a finely tailored suit.

Gold and silver are a way to store wealth, not necessarily a way to grow it. Silver and gold pay no dividends or interest, but have a place in any broadly diversified portfolio

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Why are silver prices so low? Every morning I hear this guy on the TV saying there is the [View all] doc03 Nov 2022 OP

I think someone is trying to sell you silver. ret5hd Nov 2022 #1

I know, I have been hearing that for years that silver and gold are going to pop any day doc03 Nov 2022 #2

I think people misunderstand the "purpose"... ret5hd Nov 2022 #3

I heard an excellent analogy for gold... A HERETIC I AM Nov 2022 #6

Just don't buy tech stocks. That's like buying tulips (I had fun with that yesterday) progree Nov 2022 #7

You're braver than I am.... A HERETIC I AM Nov 2022 #9

A coupon, typically $10 off, is what they use to entice you to buy a lousy bond progree Nov 2022 #10

LOL....Nailed it! A HERETIC I AM Nov 2022 #11

There's a reason so many RW radio shows push silver and/or gold Clash City Rocker Nov 2022 #4

Exactly. Simplistic ads for manipulable suckers. . . nt Bernardo de La Paz Nov 2022 #5

but then they bait and switch to overpriced collectible coins keithbvadu2 Nov 2022 #8