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What got you involved in PM's ?

Or why did you get involved with PM's ?


I did because I always felt PM's were money. From the book of Genesis where Abraham set out his servant to find a wife for his son Isaac, and the servant brought three gold items to get a wife for Isaac, to the book of Revelation where gold is a very important part of the latter day prophecies according to that book. It just always appeared to me that gold & silver were always going to play an important part in mankind from beginning to end.

My dad would take us to coin shows as a kid, but us kids never bought gold, although my dad will leave me some of his gold someday, of which I don't even know what it is. So I guess it runs in the family a bit too.

Comments

  • derrybderryb Posts: 36,795 ✭✭✭✭✭
    Peter Schiff's first book "Crash Proof"

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • tydyetydye Posts: 3,894 ✭✭✭
    90% is what got me started. I use to look through the dealers 90% piles filling up albums. This was when silver was 3-4 face. Miss those days. Now 90% of my hobby money goes into PMs. Compared to coins they are so easy to sell when you need a few bucks. And it curbs the collector in me.
  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭
    Desire to preserve wealth in the face of irresponsible government spending. Also, they are neat collectibles.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • CiccioCiccio Posts: 1,405
    What? My dad's collection first and this forum then.

    Why? Because buying PM is a fun way to put some money aside.
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    A customer of mine told me that the us government needed 130 million oz's of silver for the up coming cruise missile program but only had 110 million and had to go into the marketplace to buy more. I got involved with futures contracts and made a bunch of money at least on paper. Eventually called and told the broker to sell and was hung up on.

    I flew to Ft Lauderdale with a friend of mine who I asked to collect the money for me. It was quite a scene with my friend grabbing the sales manager and after breaking the window, threatening to toss his rear end out the window of the 8th or 9th floor of the building while I went and turned the check I was given into money.

    On the way back to pick him up, I looked around and after writing new jersey off I made Fla my home. That was 30 years ago and except for a year+ in texass, almost 3 years in Asia, and back to NYC for a year in the mid 80's, it's been my home.

    The company turned out to be a giant scam .

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    I was bitten in 1979 & 80 my senior high school days. I got into strong after the stock market tanked in 2002 and my 401K was cut in half in a few short weeks. The 2008 tank just reaffirmed my faith.

    Every relative I have knows I'm into PM's but not one has got a oz of themimage
    Avid collector of GSA's.
  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    "How to Prepare for the Coming Crash", by Robert L. Preston, 1971, 1973.

    "You can profit from a Monetary Crisis", by Harry Browne, 1974.

    I still have these, and other good books along the lines of money & finance but these were the first ones I acquired.

    Preston's take is very conspiratorial regarding the international banking cartel. Browne's book is basically an expansion of those same views, with a little broader perspective and more documentation.

    As I thumb through some of these pages, I note that both might be good reading especially to see how close they came in their predictions.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Harry Browne wrote some great books!
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    Started collecting coins when I was 5. Started buying gold and silver when I was 9 or 10 with paper route money. At 41, it's as much a part of me as anything. It's one of the few ways that I define myself.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • InYHWHWeTrustInYHWHWeTrust Posts: 1,448 ✭✭✭
    Got back into coins in 2002-3 after a 30 year hiatus. Found Barber halves, then the US Coin Forum in 2004, the "GOLDSAINT" megathread early 2007 "over there." Re-read "The Coming Economic Earthquake" (which long time ago kept us living within our means, paying down debt first, staying out of surety, etc.) Love reading here on lunch break and weekends when I can. It's Friday night and I'm posting here LOL!

    PS I 'm not a gold/silver stacker or hoarder by nature. I love the challenge of numismatic condition rarities; the rare bars here are intriguing, but I'm not bitten yet. For now the paltry amount of PMs owned are purely insurance, hope to never use; and for passing down quietly when my time here is done.
    Do your best to avoid circular arguments, as it will help you reason better, because better reasoning is often a result of avoiding circular arguments.
  • Approx 5 years ago I started stashing away 1 oz Silver rounds, thinking I'd stop once I hit 100 oz.

    After converting them into 1 big chunk of Silver I _really got da' bug !!

    signed,
    Silver Barron wannabe image

  • ranshdowranshdow Posts: 1,441 ✭✭✭✭
    Why? Because buying PM is a fun way to put some money aside.

    It's certainly a lot more tactile and physically rewarding than shuffling money off to a savings acct (though that is important too).
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    Wow Mrearlygold..you are my hero!!!

    I owned my own business for 18 years and received many bad checks over the years that were never made good by professional deadbeats. That story brought a HUGE smile to my face.imageimage

  • BBQnBLUES ........


    image
    Silver Baron
    ********************
    Silver is the mortar that binds the bricks of loyalty.
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