Job Discussion Forums

[astrayalien]

Silver is around $27 per ounce now. Come back to this thread in a few years and compare the price.

I did my research and I have a stash of silver stored safely. It is a long term investment.

Sure if the SHTF you are better off with an AK47 and a stack of canned food. But lets be hopeful.

[Sashadroogie]

Russian pessimist: "Things are so bad now, they cannot possibly get worse!"

Russian optimist: "Oh yes they can!"

[artemisia]

I've met people who swear by investing in silver (as a viable currency for when everything goes west) and are busily hoarding it away.

Apparently it's very versatile and can be used for all sort of things e.g., dentists use it (though I'd not think getting your teeth fixed would be high on the list of priorities in troubled times), and it's in various types of machinery. Much more useful a metal than gold is or so I hear.

[fluffyhamster]

For surviving the apocalypse, I have the following for a start:

Lots of fat deposits thanks to cheap high-carb ELT diet

Already-dishevelled Viggo "The Road" Mortensen-style clothes and appearance (so can easily pass as worthless beggar without much worth robbing)

Stacks of grammar books (many uses: for burning, making fortifications, lobbing off ramparts at attackers, and strapping on to oneself as makeshift body armour)


Time now to stock up on baked beans (can bottle the gas, if not recycle the tins)!

[Teacher in Rome]

Ah well, I've got quite a bit of land attached to my house with which I can grow all my veg, keep chickens, and stuff. Only problem with this set-up is that I'd have to defend it from hordes of hungry city-dwellers. How I'd do that I have no idea. I'd spend my day growing the veg, and all night patrolling the perimeters.

[Hod]

[astrayalien]

My silver is stored in a bank safety deposit box in Australia.

You cannot take silver out of China, the Chinese understand its future value.

A quick summary about why I like silver:

- The world's stockpile of silver is the lowest since 1300AD.
- We have vaporised most of our silver. Eg. estimated 2 tonnes vaporised in initial wave of cruise missile attack on Libya.
- There is much more gold above ground than silver.
- Demand is higher than production and growing.
- Silver is mainly found near the surface, so the chance of a big discovery is minimal.
- Indium will be 'extinct' in 7 years, followed closely by silver. There may be little silver mined in 2020.
- Silver is an essential element for modern technology.
- The silver price has been suppressed by the big banks for 30 years. That will end soon.

Do your own research.

[astrayalien]

Here is why you should avoid any fund based on $US:

http://silverbearcafe.com/private/08.12/inevitable.html

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[Solar Strength]

I'm sitting here thinking how typical it is in these discussions for everyone to disagree with each other on how to invest.

buy silver!

buy gold!

buy stocks!

buy real estate!

We are all EFL teachers working overseas but can't seem to agree on how to invest our money to prepare for retirement. Different things seem to have work / be working for different people. And they all have their inherent negatives, drawbacks and dangers.

I haven't read the Millionaire Teacher, but if he offers a simple and low-risk approach to investing and saving for the future, it seems that it could be well worth the time and effort to have a look at his book. After all, most of us will have to take care of ourselves and cannot rely on a company pension plan after we retire.

[Gringo Greg]

I don't know how much silver one should I buy. I was smart and pilled in a all of my savings into silver when it was at $7 an ounce and kept piling it in until it reach $20. I started divesting at $40. Right now I'm holding silver, neither buying or selling. If it pierces $23 or $24, and then makes an upward move, I'll be in the game big time with more purchases.

[mcloo7]

The 2008 crash, the flash crash, the London Whale... why would anybody give their money to Wall St? I'd invest in your own mind if I were you. Buy the book The Harmony of Interests by Henry C Carey, and learn about real economics, the economics that builds nations.

[scot47]

Hallmarked if you buy it in the UK., In the Middle East gold is not hallmarked.

[Solar Strength]

or start a very popular TESOL website and become a multi-millionaire!

[fat_chris]

[it'snotmyfault]

A woman I used to work with bought a field for her horses years ago, paid 2000 pounds for it.
Developers bought it off her for 250,000 pounds and built a small housing development on it.
Nice work if you can get it!!