++ ATOT official NEF thread part IV ++

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Red Squirrel

No Lifer
May 24, 2003
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Charmonium

Diamond Member
May 15, 2015
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@Red Squirrel - this is mainly my perception but I think you can find data to support it. My memory is squishy but when it works, it tends to be accurate.

Precious metals don't tend to appreciate nearly as well as equities. But can be exceptions. I've never followed the precious coin markets very closely, but if invest in low mintage proofs that aren't like 50 to 100% over spot, I think you might have better luck.

Regardless, with the current inflation, precious metals probably won't hurt you, they just might not give you a lot of joy.
 

Red Squirrel

No Lifer
May 24, 2003
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Yeah I think precious metals are more a hedge against inflation than an investment. I don't expect to get rich off it but I also don't expect to lose anything either. I'm not good at investing so it's an easy thing to do that is fairly guaranteed. There's also something to be said about having something physical in-hand as it feels more secure than a number in an excel spreadsheet on a server somewhere.
 
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IronWing

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Jul 20, 2001
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Yeah I think precious metals are more a hedge against inflation than an investment. I don't expect to get rich off it but I also don't expect to lose anything either. I'm not good at investing so it's an easy thing to do that is fairly guaranteed. There's also something to be said about having something physical in-hand as it feels more secure than a number in an excel spreadsheet on a server somewhere.
Silver has a lousy history as an inflation hedge. Gold does quite a bit better.
 
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Red Squirrel

No Lifer
May 24, 2003
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Crackhead got someone's mower lol. That's just a block away from where I used to work, see them all the time on the security cameras. Lawnmowers in summer, snow blowers in winter. Sometimes the odd flatscreen TV too. If they put as much effort into a real job instead of stealing they could probably make more money.


383391556_1003104357574277_7862243353144306183_n.jpg
 
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Charmonium

Diamond Member
May 15, 2015
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Oh man, you guys need to start a comedy team. Hahaha

Speaking of, Mehdi Hassan should do standup