Silver=Real Money

Posted by Balding Chimp on April 4, 2009, 3:53 p.m.

Wow, 64D is still alive? Been quite a ahile. Last game I submited was Mine Race 3-D. It was a very simple game I threw together in a few days to test a technique I figured out for displaying real 3-D graphics in GameMaker (using the Red/Cyan 3-D movie glasses for a real illusion of depth.) It has a wire frame look to keep the speed up and help illiminate the flicker with the glasses on. That was late December. I may put a link up to it if it dissapeared from sitting around too long.

In other news…Hmmm… Well, I turned 40. Like they say, better to be over the hill than under it. Vertigo came to a halt again. Wen't crazy with that "chicken or the egg" scenario trying to fix certain problems. Fix one thing, break two other things that were working.

I got laid off from my job for the next week. (More is comming I am sure). Could be worse, but I havebeen planning ahead since before October of last year getting ready for hard times.

I bought various items planning ahead for when money would be tight. One of those things I have been stocking up on is silver.

Hope I got that right for posting pictures. It's been a while. Just some of my collection. Mainly just different types of silver rounds/bars I have.

Larger views with both sides here if currious…

http://img214.imageshack.us/img214/8650/silverhb3jh6.jpg

http://img261.imageshack.us/img261/3188/silvertb3lk3.jpg

http://img16.imageshack.us/img16/2550/msilverh.jpg

http://img16.imageshack.us/img16/9053/msilvert.jpg

http://img27.imageshack.us/img27/4720/silverbars2.jpg

O.K. Chimp…why silver? Because the Fed has been printing money like crazy which is just going to devalue the dollar in the long run. Look what happened to Germany years ago.

Why not invest in gold? Well, gold is another great store of wealth, but I would only get the smallest denominations for it. Why? Say you got a 1 ounce gold coin. If it's value is near $1,000 or in that range now, what is it going to be when the dollar collapses? Are you going to buy a car with it? It's just got too much value unless you are just storing wealth you don't plan on cashing in.

Silver is the poor man'ss gold. It holds value but costs alot less. If I cash in a very valuable gold coin, I am cashing it in all at once. With silver, I can cash in whatever amount I need and still keep the rest for later.

By the way, the object of silver is not to "get rich" so much. It's more to "maintain the wealth that you have".

It's isn't so much that gold and silver are going up in value, but rather that the value of the dollar is going down. Now I am sure there is manipulation in the markets, but overall gold and silver have held value for thousands of years. Compare that with paper money.

Storing Gold and Silver is more of a long term investment.

Now I could throw a list of links to videos a mile long up here, because there are many aspects to owning precious metals. Here are some videos you might find of interest…

I'm not a real fan of Glenn Beck, I am more of an Alex Jones guy myself. But the chart should open your eyes a bit…

http://www.youtube.com/watch?v=hfSDPY5rYZE

You are going broke…did you even know it?…

http://www.youtube.com/watch?v=SEXJyHJnmDQ

http://www.youtube.com/watch?v=RQcl3485WZY

http://www.youtube.com/watch?v=EJDV02sWDjI

Further, like many others I would not recomend holding your gold and silver any other way than physically. If you can't hold it in your hand you don't own Jack. No paper certificates or letting someone else hold it for you in a vault somewhere.

Why not keep it in a bank?…

http://www.youtube.com/watch?v=UdB2YiymmUc

http://www.youtube.com/watch?v=ki2kdWO_VVQ

Some final stuff here… I started out collecting Silver Eagles. I kinda stear clear of that right now. They cost more over spot price than just straight bullion. Silver Eagles do have thier advantages, but I prefer just stright bullion rounds and bars. Silver is pretty much silver at the end of the day. It's kinda like buying shoes… both pair may work fine, but one pair may say Nike on then. Same stuff, just paying for a well known brand name.

All the silver I have is the same stuff. They are all .999 pure (except for a couple of Silver Maple Leafs I own which are .9999 pure.) I like the generic bullion, Just pure silver. I stay away from stuff like Numismatic coins that are based on how many coins are in circulation, what condition is it in, how old is it, etc… Same with "proof sets"…a waste of time for me. Silver is silver.

Would they try to confiscate like they did before? It's a posibility. But I feel the dollar is going to be toast in the long run no matter what. At least there is a chance of saving wealth with precious metals.

Well, that's it for now. Try not to buy PM's too high over spot price if you decide to go that route. (Young people saving money? What was I thinking?) LOL! j/k

Comments

Cesar 15 years ago

lrn2

Xxypher 15 years ago

Balding Chimp 15 years ago

Thanks for helping out the semi-elderly. lrn2 ;)

sk8m8trix 15 years ago

Ah, I'm gonna get a job soon, I shall follow your example and trade my money in for stuff that actually has more value than money, like video games. When the economy crashes, I'll be rich!

Balding Chimp 15 years ago

I shall follow your example and trade my money in for stuff that actually has more value than money, like video games.

LOL! I should be a millionaire then. Hundreds of carts,floppys,CDs across a dozen platforms. I'm rich, my worries are over!

I may go hungry and have no place to live, but I will have fun at least (so long as I can afford the electric bill)

Juju 15 years ago

No. Wrong. You should have bought copper.

mixahman 15 years ago

collect pennies, nobody wants them.

Cesar 15 years ago

They're not 100% copper anymore.

ludamad 15 years ago

Alex Jones is a nutjob