Long Position on Silver and Gold?

[beast556]

That I'm not nearly as concerned about. Most likely is taxing post tax accounts, but like I said, I've become wildly optimistic in that I am the one that controls my destiny and will be able to negotiate my future regardless of the circumstances, ideal or not. That said, I plan to make money while possible, rather than short myself holding precious metals in anticipation of an event that may never come. I wouldn't tell someone else not to hold precious metals, but I'm after taking full advantage of current opportunities.

Im sure this has been said before, silver & gold are not investments they are a way to preserve you're wealth.

[Wulf202]

Im sure this has been said before, silver & gold are not investments they are a way to preserve you're wealth.

It is the way you treat it but like any commodity it can also be traded.

Since this thread has added general investments is any trading company better than another i.e. Scott trade? Considering opening an account.

[Irving]

It is the way you treat it but like any commodity it can also be traded.

Since this thread has added general investments is any trading company better than another i.e. Scott trade? Considering opening an account.

A lot of early retirement guys recommend the Vanguard Total Stock Market index fund. Do a quick search for JL Collins Stock Series and he does a great job of explaining that particular angle of investing. Not everyone (Honey Badger) agrees with that thought though.

[HoneyBadger]

A lot of early retirement guys recommend the Vanguard Total Stock Market index fund. Do a quick search for JL Collins Stock Series and he does a great job of explaining that particular angle of investing. Not everyone (Honey Badger) agrees with that thought though.

Whoa whoa whoa! I didn't ever say that index funds are the devil, did I? I just think you can do better. There are plenty of mutual funds that consistently outperform the market.

[Irving]

Im sure this has been said before, silver & gold are not investments they are a way to preserve you're wealth.

That is a common saying. I don't really have wealth, so investing in precious metals would be the same as keeping cash in my mattress.