There is a systemic risk of large-scale bank failures in the U. S. in 2024 due to charge-offs and write-downs emanating from the commercial real estate sector. Bank regulators have been vocal about their concerns that the too-big-too-fail banks would have sufficient capital to cover losses and a recession. ******With our Economy only Getting Worse, And Many Banks Going Belly Up, Would you Consider in the Future of Converting your Bank Assets into Silver and Gold to Protect it? xxoo
It's already in gold coins 💰 and jewels 🏴☠️☠🏴☠️
Most Helpful Opinions
Read the username
What Girls & Guys Said
Opinion
43Opinion
yea 2023 was worse than 2008 in dollar terms of failure, most didn't notice as Fed dealt with it.
I did that to some extent in the past when I thought the system was going to implode last time around. Gold was held to a fixed price through the vietnam war and only went up after it was "released" from control of the govt..1960's to 1980.
I wouldn't go over 10%, more like 5%.
That said, some have converted into the "new gold"... which is bitcoin... and so far, they are making a mint.
wife sent me this... https://www.bbc.com/news/ technology-68434579
if we have to barter with gold and silver pieces, then you'd better have the armor of God on when you go shopping.
At some point, I'd expect gold to be revalued to address the debt and rebalance globally. Probably happen fast and sneaky. when that is... probably after major conflict or event.
Fear = Gold
Nope, it's too risky.
I made a little money in the early 80s in silver, but not from investing. That's when the Hunts tried to corner the world market on silver (and almost succeeded). There was still a lot of silver coins in circulation at the time. I bought them up at face value. People knew they were worth more, but it was not worth a trip to cash in a few coins at a time. So they'd sell them at face. My girlfriend at the time worked for a vending machine company. At lunch she'd pull all the silver coins. Once we'd get $100-200 in face value, we'd sell them at 6X when we started, and around 15X when we stopped. Silver kept going up after that, but by then there were almost no silver coins left in circulation.
Nowadays, gold and silver are pure speculation. Sure, banks can go under like any other business, but your savings are insured. It's the shareholders who need to worry about banks going under, not the depositors.
Well, here's the thing: gold and silver were chosen, in so many times and places, because they're rare, but not TOO rare, because they're pretty to look at, and because they don't actually have any inherent use. You can't fight with gold swords or build with gold bricks.
Unfortunately, so much is tied into the US banking system, and the dollar in general, that if it broke apart, gold and silver wouldn't be much good to you; you'd NEED something that was useful. Arable farmland, stored food and water, and bullets would be a better investment. Also certain types of livestock, depending on where you are.
Now I kind of want to see a propaganda poster saying something like "Worried about the dollar? Invest in goat futures!".
No, I would not consider it, Paris.
Although it is an excellent idea to chop off banker hands that try to reach into our pockets... gold or silver are still kind of embedded in the money system (which is one of the tools of 'the System')
Even "life savings" are a part of this manipulative idea to hook us up on physical values.
Where the actual individual requirement is to be (continuously, if possible) supplied with what we need. Which not necessarily needs to be funded by "savings".Yes, Paris. Remember when that psychopathic prime minister in Canada seized bank accounts?
It's OK to be a womanizing freak in black face, if you're a liberal.
Adjusted for inflation, gold is worth slightly less now than it was in 1979.
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
At that point it continued to decline until 2001. If you'd retired in the Carter years, you'd have been F'ed in retirement.
Ehh, I don’t think either will crash in value soon but we’re beyond precious metals for currency.
Honestly, use this inflation to get high yeild savings accounts. If you ain’t earning at least 5% on an fdic saving account find one. BMO, even Robinhood will pay you for parking your savings in their accounts.
No. In economic collapse, things are going to be so horrible. People will want food to eat, medicine to heal their wounds, blankets to sleep on, clothes to keep them covered, etc. The last thing anyone is going to be concerned with is how much gold or silver you have. That might be more important toward a rebuild of society, but not in the early or mid-stages of a collapse. If you're concerned about a collapse, I'd personally invest in something small that people are actually going to want or need. AFTER, first taking care of your needs if, say, there was a year or two of a collapsed society.
If things go south, there will be things worth more than gold. You have gold and someone has 10 years worth of food saved up. When food can't be had anywhere then you would gladly give all the gold you have for your life - and some food.
I think it makes sense to have a chunk of your assets in precious metals, but they generate storage costs and don't generate income, plus they aren't necessarily the highest yielding asset, plus diversification is crucial.
Lol life savings , i got a big jar of dimes might be able to convert into a coin , thank you now i feel the tingle in my gut, looks like im dying at work f×%k retirement
You mean silver, not gold.
Silver has decent value but is also invaluable in creating products such as anti-virals and electronics. Gold, not so much
No, never. Although I did think of investing them in some property, for example my own flat, but IT turned out more difficult than I thought.
Nah, I just give it all to the missus and she does a Houdini act with it. She makes it disappear :P
No. There may be some short terms where gold outperforms the market, but overall index funds outperform gold over time.
- u
I know that gold has a long history but if we were pushed into survival mode, gold has no intrinsic value for survival.
I have a lot of different currencies and precious metals in case financial systems are ruined.
The US economy is stronger than ever. Gold is a terrible investment compared to Nvidia, Apple & Amazon stocks. 🤑
I’ve thought about it before but then I’d have to pay to store it…for my regular savings no, but maybe an emergency fund in silver/gold could be useful? A
Seems like a fair but big investment.. I mean from the content I watch they're always sponsored by some Gold company.. So maybe one day.. Maybe Silver Paris.. I don't know about Gold..
Learn more
We're glad to see you liked this post.
You can also add your opinion below!
Most Helpful Opinions