Quote from: Lokmar on May 06, 2024, 01:18:06 PMDuring a SHTF scenario, very few people will have everything and barter will be necessary. Silver shines in this realm.
...not sure if we'll go there, but if it does happen, probably not for a while. I think they still have room ta kick the can down the road some more Lokmeer. What you refer to are 3rd World conditions. Not impossible, but at least for the forseable future not likely in the United States.
Quote from: Lokmar on May 06, 2024, 01:18:06 PMI dont buy thinking I'm going to be an overnight millionaire but I expect to make 25% on silver within 5 years.
I think that is highly possible @Lokmar okmeer!
You may make more than double that.
If gold goes up, so will Silver.
Quote from: Lokmar on May 06, 2024, 01:18:06 PMI expect to make 40%+ on platinum within 1 year.
..I don't think so Lokmeer. Platinum is an extremely slow mover. Your silver stack will appreciate much faster than yer Platinum one.
It might even go below $900 an ounce again within the next couple of years. Maybe even $800 before shooting up.
However, that being said, it's time to shine is probably a long ways down the road. Maybe when your younger kids are grown up, middle aged adults. If you see Platinum soar, like myself by that time you will probably be a very old man.
One major thing Platinum has going for it - it is extremely rare. 30 times rarer than Gold apparently. While all the gold would fill a pool, all the Platinum in the world might only fill a bathtub or 2.
Now I'm kinda interested in Platinum too, Lokmeer.
However, I'm looking at the best way to invest in it.
Buy shares in a Platinum mine or refinery?