General Discussion

LuckyCharms

(20,833 posts)

10. Marthe...

Wed Oct 8, 2025, 10:48 AM

Wednesday

I've been holding gold and silver for almost 60 years. I'll never sell it.

There are better investment vehicles out there, if you are looking to make money.

You can trade it and try to time prices if you choose to, like any other investment, but the main purpose people hold onto it forever is to hedge against a potential collapse of the dollar, inflation, or political meltdown.

If the value of the dollar collapses, or if crypto permanently crashes, something else will become valuable to use as currency. And that something is traditionally thought to be precious metals. However, it could be something as simple as bottled water and toilet paper too that will be used as currency.

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Marthe48 Wednesdays

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Gold ask is at $4,046 per ounce as I type this. All time high. n/t [View all] LuckyCharms Wednesday OP

I am going to load up my truck and cash in, doc03 Wednesday #1

I'm not sure of your age... LuckyCharms Wednesday #3

Wow doc03 Wednesday #27

I had started a little dollar-cost averaging program... MaeScott Wednesday #2

Seems like a lot of investors are fleeing to a perceived safe haven LuckyCharms Wednesday #4

China and India are buying LOTS of gold RazorbackExpat Wednesday #12

Most people never heard of it on the way up. usonian Wednesday #5

Because the dollar is in the toilet Johonny Wednesday #6

Buy High! Never Sell! MineralMan Wednesday #7

Or, if you think think it won't go higher... LuckyCharms Wednesday #9

I have always given all of my investments in gold MineralMan Wednesday #11

I like silver, both for it's silver value, and numismatic value. LuckyCharms Wednesday #14

I have a question Marthe48 Wednesday #8

Marthe... LuckyCharms Wednesday #10

I don't invest in it Marthe48 Wednesday #13

Personally? I would only sell it as a last resort. LuckyCharms Wednesday #15

I suspect that the elite rich want to scarf up as much of the precious metals as they can Marthe48 Wednesday #17

Make sure you don't sell your toilet paper! LuckyCharms Wednesday #19

You mean it doesn't say Marthe48 Wednesday #22

LMAO! LuckyCharms Wednesday #23

"...the elite rich want to scarf up as much of the precious metals as they can..." Wednesdays Wednesday #24

Thanks! Marthe48 Wednesday #25

I bought my first gold coin in 1968, RazorbackExpat Wednesday #16

I bought a one ounce Englehard silver bar at a Syracuse coin shop LuckyCharms Wednesday #20

Goldfinger will be happy SocialDemocrat61 Wednesday #18

Costco members who bought last year made out like bandits. Thanks again Costco! PeaceWave Wednesday #21

Silver ._. Wednesday #26

Precious metals go up when the economy or doc03 Wednesday #28

Clearly a bubble. Gonna sell my gold - and my tulip bulbs! yellowcanine Wednesday #29

Not necessarily if the fucker in the oval office... LuckyCharms Wednesday #30