Need a little guidance on buying precious metals

posted 3 years ago by IntrovertQTard 3 years ago by IntrovertQTard +29 / -1

I listen to X22 everyday and Dave always mentions "saving your wealth and investing in precious metals and crypto". I don't know much about the stock market. My plan right now is to buy some physical silver and just hold it and wait for it to go up and the plan to go through. Is this a decent plan to have some money saved for the future or am I retarded?

Guys, enlighten me if I'm wrong but, the reason why Dave is suggesting investing in cypto and precious metals is because they're going to become the standard currency in the future when the Q plan goes through right? Which means they will have a lot of worth?

So that means buy cypto and precious metals right now, then when the plan happens you're safe and you have some money left because all of the fiat money from the central banks is going to be worth nothing. Is this correct?

Thanks frens

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– RadDog2020 2 points 3 years ago +2 / -0

Take a pre-1965 quarter-dollar coin, it's made of 90% silver,

That quarter used to be valued at 25 cents in USD. That value was mostly based on the metal content. You could buy about a gallon of gasoline for that quarter. Now that quarter has a spot price value of between 5 and 6 dollars, that's enough to buy about 2 dollars worth of gas at todays prices on average. You could go to a coin store and sell that quarter, even letting the owner fleece you a little and still have more than enough to buy a gallon of gas but a modern quarter is not near enough.