They say 11% of Americans are holding PM. I'm not sure it's that high... especially in any quantity. You and I both know how many friends we've encouraged to start stacking (starting during the Obongo years) and how very, very few even bought a single ounce. I only know one person out of probably 100 that actually pulled the trigger and started stacking... and they were way late to the party.
It's really kind of shocking that perception of ag/au stacking is like kryptonite or something... I think it's a case of the herds talking heads always saying how it's a "bad investment" or it just doesn't move enough to be worth it...
Part of me is glad to see my $1080 au at $2300 and $14 ag at $27 now... but another part of me is worried because the more it goes up, the less buying power our already lame currency has...
Anybody else observe this kind if thing in their circles? They think it's a great idea to stack but don't ever take action?
Yes, my dad is as based as one can get, but he has chosen to put his cash into CD's at 5% rather than put a small amount into gold or silver; as I have been advising him to do for several years. He and my mom still trust the banking system more than buying PM's online. They ar 83 years old and very set in their ways and they will not change. I hope they do not get wiped out in the coming collapse. It would probably be the end of both of them! They are also very cynical about most things, but still watch FOX every day! Very set in their ways!
I mean, they could certainly diversify...not putting all the proverbial eggs in one basket. It's interesting how some people view it as an all or nothing thing.
It's amazing to me the level of blind trust many people have - just entrusting complete strangers/corporations and banks MORE than their own ability to physically hold an asset like PM themselves...
Any gains on the CDs are quickly cancelled out with inflation...It's gotten to be ridiculous!
They say 11% of Americans are holding PM. I'm not sure it's that high... especially in any quantity. You and I both know how many friends we've encouraged to start stacking (starting during the Obongo years) and how very, very few even bought a single ounce. I only know one person out of probably 100 that actually pulled the trigger and started stacking... and they were way late to the party.
It's really kind of shocking that perception of ag/au stacking is like kryptonite or something... I think it's a case of the herds talking heads always saying how it's a "bad investment" or it just doesn't move enough to be worth it...
Part of me is glad to see my $1080 au at $2300 and $14 ag at $27 now... but another part of me is worried because the more it goes up, the less buying power our already lame currency has...
Anybody else observe this kind if thing in their circles? They think it's a great idea to stack but don't ever take action?
Yes, my dad is as based as one can get, but he has chosen to put his cash into CD's at 5% rather than put a small amount into gold or silver; as I have been advising him to do for several years. He and my mom still trust the banking system more than buying PM's online. They ar 83 years old and very set in their ways and they will not change. I hope they do not get wiped out in the coming collapse. It would probably be the end of both of them! They are also very cynical about most things, but still watch FOX every day! Very set in their ways!
I mean, they could certainly diversify...not putting all the proverbial eggs in one basket. It's interesting how some people view it as an all or nothing thing.
It's amazing to me the level of blind trust many people have - just entrusting complete strangers/corporations and banks MORE than their own ability to physically hold an asset like PM themselves...
Any gains on the CDs are quickly cancelled out with inflation...It's gotten to be ridiculous!
“It's really kind of shocking that perception of ag/au stacking is like kryptonite or something..”
That’s a great way to put it. That’s exactly how people think. I cannot understand why. It’s all the propaganda that they tell us, I guess. SMH