GOLDBUGS AMEX Goldbugs Index (GOLD)

[Pro-Life]

Response to someone claiming $50K in metals losses:

I started collecting coins in 1969 when silver was about $10/oz. I only look @ prices when I buy more, since I only collect, not invest, and I haven’t sold anything, ever. Unfortunately, for investors, that $10 in 1969 equates to ~$66 2016 dollars, according to one online inflation calculator. The current $16.44/oz is only $2.47 in 1969 dollars. Perhaps I am naive to look at it so simplistically, as I am no economist, but that darned online inflation calculator appears to paint an ugly Ag investment picture all by itself. Perhaps other metrics or algorithms are necessary to make Ag look better now as an investment than in 1969, I don’t know. I do know that collecting is worry-free & a lot of fun.

I collect PMs because they are beautiful & occasionally historic; indeed, so beautiful that my collection will certainly intrigue my kids upon my passing….. with something of value that is a bit more complicated to spend than cash. Is there anyone out there who doesn’t think the Privateer 2 oz Ag collection is super cool? If I ever do get grand-kids, they’ll trip out on those pirate coins for sure.

Anyway, only one thing is certain: PMs have always historically held (some) value, so history is on our side. How much they’re worth at any given moment is always the question. Of course, if the grid fails, only lead & steel (tipped arrows) will matter. And where is that damn dollar collapse I’ve read about for the last 8+ years?