A lot of us probably have bought at least some silver when the price in terms of paper notes and bank deposits was higher than it is today.
Sure we might have tried to risk waiting in order to buy today but many of us did not want to take on the significant counterparty credit risks associated with holding paper notes or bank deposits. But realistically, how much did we actually buy at prices higher than today compared to our incomes?
Most of us likely receive income in the form of paper notes and bank deposits and for the vast majority this income is not going to change with the changing price of silver. This means that as the price of silver goes down in terms of paper notes and bank deposits, your income probably went up in terms of silver. That means you probably just got a raise! If so I suggest you be happy to secure that extra income by converting some of those paper notes and bank deposits you’re getting paid into cold hard cash AKA silver coin.
Remember cold hard cash is king; paper notes are not cash, they are not cold, and they sure as hell ain’t hard. Silver is not an investment it is cold hard cash savings, you don’t make money from holding silver because it is money, you should not seek returns from silver as you have not given up possession of your money there is nothing to return to you. Never forget that paper notes and bank deposits are not money they are credit and as such they carry significant counterparty risks, they can and likely will decline in value in terms of silver over the long term.
" If you don't have to sell, don't sell. Tuck it away and forget about it, just don't forget where it is!
I will have to get the wife over the hump but think that either a monster box of silver or equivalent in gold is going to be the right move here shortly. We've been saving, and now at the ... "Reply To: My Faith in Silver is Just About Broken
" I picked up a few semi-numismatic coins a couple of days ago. Did not have any of them in my stack so I wanted to round it out a bit with a few of the prettier coins. I am still a fairly young guy at 35 so I am keeping my glass half full. I am certainly discouraged but I do believe that eventuall... "Reply To: My Faith in Silver is Just About Broken
" Shortwave ham frequencies provide worldwide communications daily. VHF/UHF has its place in local comms. No morse code to get a license anymore. Doesn't hurt to know it tho because it will get thru jamming and interference voice can't. All my antennas are emp grounded, it is called lightning prot... "Reply To: Ham radio
" PS: GROUND your EMP Shielding, that cannot hurt and likely helps.
I bet MaryB already has though LOL!
Is Morse Code still part of the HAM License?
They cannot really shut down the frequencies, but may attempt to jam them.
But more likely they will monitor these channels.
... "Reply To: Ham radio
" There goes the idea that I could get in cheaply! I knew that was too easy.
Would I be able to contact anyone worldwide? That was my thought going with this idea in the first place. What's the point in buying one if it doesn't go worldwide? I thought they all had global abilities. I may ha... "Reply To: Ham radio
" I have thought about this. If it is not in the US, it is a risk IMO.
Even in the US, it could still be seized in a bank holiday. hard to say
Thanks for perspective, Mammoth "Reply To: Chinese yuan bank account
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