Investing pro tip: if you invested one dollar 35 years ago and turned it into 50 cents today you failed miserably at accumulating wealth

You tell me

I'm talking about the dollar. The flimsy, dirty, crumply, fraud dollar.

You were born and put your dollar in a safety deposit box. How much less would you be able to buy today with that dollar than when you were born40 yers ago or whenever?

A lot less right?

I don't care if you bought Starbucks stock 20 years ago and now have 10 million dollars. I'm talking about the ACTUAL dollar and how it is a piss poor store of value vehicle.

Holy **** you are too dumb to even understand my point.

It's not hard to pay anyone 10,000 without having physical cash in hand and, unlike 100 years ago, there are many more convenient ways to transact.

Also super hard to call the bank and tell them in advance you'll be in to get 10,000. Only silverfail would think not having cash sitting in each bank branch is a problem. Looooooooooooooool

Stick to going to the paint for white supremacists and randomly fleeing gas stations when a minority appears. Numbers and finances aren't your game, Peter Schiff's would laugh at you harder than Occupy

No shame though son, the world needs coupon hawkers too.

Lol Silverbug. If you were my kid I'd kill myself.

Wait, so stuffing money into my mattress isn't a sound investment strategy?

Yes, if we eliminate the hundreds of superior investment choices that were available to even the most unsophisticated of investors and just decided to leave our money in a mattress for no reason silver would have outperformed slightly. I'd have lit 65 cents on fire instead of lighting 55 cents on fire.

Edit: whoops, gave silver too much credit since its late I made a basic mistake. In real terms silver would have lit 80 cents on fire, so hiding money under the mattress actually wins.

Not saying exactly this. What I am saying is that there is such a small % of cash reserves compared to the total numbers on a computer screen in people's bank accounts.

You don't get it. If I wanted to invest money to get more dollars I would sooner hit up a roulette table than "investing' in silver to get more fraud dollars.

You aren't understanding, people who like silver and stack silver aren't doing so to get back more fraud dollars than they initially used to put into silver.

FDIC brah

FYI if you're engaging with Silver you should rethink your internet strategy.

My friend's wife always says 'FIY' and it drives me nuts.

Are you Montgomery Brewster?

Mocking Silverman is great fun, his combo of stupid snd hateful doesn't show up here often

Yeah, the current banking system isn't a fraud or anything

Leaving the banking system out, your understanding of economics is awful.

So what exactly are they expecting to with it? Werewolf apocalypse?

So they are lighting 100 cents on fire then?

It's amusing that you think when the anarchy comes "precious" metals are going to continue to be needed for anything more than paper weights. It's also ridiculous that you think you "can't" get 10,000 plus out of your bank in cash for some reason.

No kidding. You have to call the bank and say "hey I'm coming in Tuesday to get cash" or you will only get a bank check.

Lol physicalfetishes

He means if zombie aliens hatch you couldn't just run to the bank to get $10,000 in cash.

That's not really a lot of money though, you probably could get $10,000 in cash most of the time.

Maybe, but since you can't guarantee you won't have to take a check or wait for a few minutes for your money ZOMG FRAUD.

Lol Silverman.

Yes, he's stupid.

I honestly admire Silverman's fortitude. If I had 7 pages of people telling me im a moron id probably give up.

Currency isnt really supposed to be a "storer of value/wealth" or whatever silverman thinks it is, is it? I always thought it was a medium of exchange. And just LOL at the idea currency should be deflationary to have value. Bitcoin is currently proving how dumb that it.

Yeah maybe in like one of those satellite branches in a mall or in a student union or whatever might not have $10k, but I bet most standalone branches have that on hand. It's why people try to rob them.

Yes, being a medium of exchange is 1 of the few major things that money needs to be. The dollar does fit into this category but none of the others that money needs to be.

And, it does a piss poor job at being a medium of exchange due to bank holding times and income taxes.