Here’s a question: Let’s say I have 100 ounces of silver, and the price goes up to an all time high, like 50 an ounce. Where does someone go sell the silver? Does the place I sell to give me the spot price? Or will they haggle with me?
Yeah the idea with silver isnt to cash in on a payday. If silver goes to $1000 an ounce then now you actually have wealth, keep it and pass it on. We've been sold this lie of spending every cent we have to stimulate the economy, but that leaves us nothing to pass on, and all of our wealth is out of our control. A store of precious metals is never out of your control, and if worse comes to worse, the Amish will take it for bread, eggs and milk.
Here’s a question: Let’s say I have 100 ounces of silver, and the price goes up to an all time high, like 50 an ounce. Where does someone go sell the silver? Does the place I sell to give me the spot price? Or will they haggle with me?
You would get spot more than likely, but really it’s more about a storage of wealth that’s immune to inflation.
Yeah the idea with silver isnt to cash in on a payday. If silver goes to $1000 an ounce then now you actually have wealth, keep it and pass it on. We've been sold this lie of spending every cent we have to stimulate the economy, but that leaves us nothing to pass on, and all of our wealth is out of our control. A store of precious metals is never out of your control, and if worse comes to worse, the Amish will take it for bread, eggs and milk.
I was just curious how the selling went. Do you take a hit on the front and back end?
I have a moonshine still I was gifted years ago and only used 2x. Going to start producing/aging/storing booze for trade.
I would wait till there is REAL PM backed currency... The yield is unknown at this time but, has a potential 'knock your sox off' impact..