Posted by paul on December 03, 2010 at 10:14:43 from (76.77.197.242):
In Reply to: Re: Investments posted by Traditional Farmer on December 03, 2010 at 08:26:05:
At some point, the dollar will reverse & head up in value.
As it does, you will hold your silver, and it will again return to $10 - 12 each, and you will have ended up with a nice stable investment, but it netted you nothing.
That is the point the other person was making.
It actually hit it big, you nee dto cash in & cash out of things, to keep making big hits. Which of course is very risky and one tends to lose big too.
Because - such games come out to a net zero. For someone to win, someone else has to lose.
Your investment looks good on paper right now because you think you 'made' 3x your money in a short time.
But as you say, the silver didn't go up - the dollar went down.
You held even is all.
If you changed it to dollars today, sure you gained a lot of dollars that are worth less.....
So, what did you make?
Lets say the dollar collapes totally. Well then you have some silver that is worth something, but you can't eat it or wear it, and you'll have rto find someone willing to trade a few eggs or clothing or fuel for some silver. You likely will need to part with a lot of silver to get useable assets, so while you are better off with the silver than with dollar bills, you really didn't 'make' much in that case either.
It all comes around to get a person in the end.
Buying land was good for me.
Farming conservatively ($$$) and hitting very high crop prices 2 winters ago because I was too dumb to sell crop early (but for some reason I bought fertilizer early when it was cheap) are probably my biggest winners.
Of course I blew the money on tiling some land (which is paying off real well!) and a machine shed (which is nice but don't have to have...) and a Polaris Ranger which is just blown money - but sure is fun.
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