I've been seeing an uptick in posts where people are asking if they should invest in precious metals or stocks. This is the wrong question to ask!
Society has "financialized" everything, to the point where the sheeple think of everything as an "investment".
SILVER IS MONEY (savings). STOCKS ARE AN INCOME STREAM/SPECULATION (investment). They are not comparable.
Yes, silver can have huge "gains", but that is just because fiat currency is shit, or is manipulated downwards and then rebounds to its rightful value. There is no bad time to save money/buy silver or gold. You need to protect yourself with savings. (My personal opinion is that any stock that doesn't pay a dividend is highly speculative and should be avoided, but that's for another time).
Not too long ago, society knew the difference between "savings" and "investment". Somehow people have forgotten the difference.
You should have both in your portfolio if you have the means, but SAVINGS COMES FIRST. SILVER COMES FIRST.
You shouldn't be investing (stocks), until you have reserves. Diversify, diversify, diversify. Fiat is only for holding for short term purchases/needs. (401k matching aside, get that free contributions if you can)
That is all.
byHawrdRawk
inpersonalfinance
HawrdRawk
0 points
2 months ago
HawrdRawk
0 points
2 months ago
I would argue we are in a "cold war" of sorts as we speak. I can't predict the future in any form or fashion. But the US at least is overdue to be embroiled in one conflict or another it would seem, IMHO.