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RE: Why I think people that have physical silver are nuts - looking at you raybrockman
I don't think silver and gold are held to outperform the stock market, they are more like insurance for when external events cause the markets to loose significant value.
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True. But then, in my mind (and if I held) then you must be prepared to sell at a high point to capitalize on your investment. Just holding does not seem (to me) to be a great investment. If the monetary system really does crumble, stocks will just be re-rated to oz's of silver. Even during the great depression, some business did well. I think crypto would be become a fill in currency before silver - in fact, that would be an interesting topic -could that have an impact on metals future prices? But definitely get your point, traditional they have been held as insurance - but for many it's there main investment - I am just questioning if that's wise and what alternatives are there.
If stocks got re-rated in silver, they you could re-evaluate, but no need to sell before that time. Other than that, I agree with you, and it will by interesting to see how crypto will impact silver and gold. I see bitcoin having many of the same attributes of precious metals and think some of the money that goes into metals now will go into bitcoin (moreso than other cryptos).
You may not have gotten many upvotes, but you certainly sparked a more lively discussion than most posts.
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Do you have lots of freckles?