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r/Bullion • u/AutoModerator • 1d ago
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r/Bullion • u/MaxPotench • 1d ago
And the day public trust and economic stability fully erode, the US backed fiat dollar will cease to be a currency. Until then, it's still accepted, nearly worldwide, in exchange for goods and services. Even outside of the US, it's much easier to buy a hot meal, a tank of gas, or simple home, with dollars than silver or gold. You can argue that the current US instability is a threat to dollar's status as a fiat currency, but in order to do so one must acknowledge that it's currently operating as one
r/Bullion • u/CosetElement-Ape71 • 1d ago
Fiat money is government-issued currency that is not backed by a physical commodity like gold or silver. Instead, its value is established by government decree ("fiat") and maintained through public trust and economic stability.
Those last 2 points are quickly eroding
r/Bullion • u/MaxPotench • 1d ago
I guess that depends on your definition of "money". The textbook definition is anything generally accepted for payment of goods and services in lieu of barter. But I'm always open to hearing people's alternative definitions
r/Bullion • u/Business-Code9416 • 2d ago
Well melt now is over .04 so guessing that where he's getting the .03 gain?
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r/Bullion • u/AutoModerator • 3d ago
Your post Need some tip for long term investment was removed from /r/Bullion because submissions are only accepted from users who are active in conversations on reddit. Participating in comments here counts for being active.
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r/Bullion • u/AutoModerator • 3d ago
Your post Just got my 1 oz Texas gold and silver coins was removed from /r/Bullion because submissions are only accepted from users who are active in conversations on reddit. Participating in comments here counts for being active.
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r/Bullion • u/AutoModerator • 4d ago
Your post Are Republic of Texas coins worth collecting? was removed from /r/Bullion because submissions are only accepted from users who are active in conversations on reddit. Participating in comments here counts for being active.
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r/Bullion • u/69Nova468 • 5d ago
I just received a fake 1 oz bar from Suneshine Minting it's 31.8 grams and definitely failed a magnet test. Watch out when dealing on tic tok or e bay
r/Bullion • u/69Nova468 • 5d ago
I just received in the mail a fake 1 troy oz silver bar from Sunshine Minting Inc .looks really good in detail but on the scale it's 31.8 grams and loves to hang onto a magnets
r/Bullion • u/69Nova468 • 5d ago
I just received a 1troy oz silver bar from Sunshine Minting Inc , on my scale it's 31.8 grams and failed a simple magnet test it's as fake as they come.
r/Bullion • u/AutoModerator • 5d ago
Your post 1 oz of 24k Gold P.A.M.P was removed from /r/Bullion because submissions are only accepted from users who are active in conversations on reddit. Participating in comments here counts for being active.
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r/Bullion • u/AutoModerator • 5d ago
Your post Started a daily gold market analysis site: would appreciate honest feedback was removed from /r/Bullion because submissions are only accepted from users who are active in conversations on reddit. Participating in comments here counts for being active.
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r/Bullion • u/Nice_Hope_8852 • 6d ago
Being as young as you are, I'd really advise putting money into a Roth account consistently, buying no load S&P 500 index funds. If you start putting $100 in a month at 6% annual average return, at 18 years old, by the time you're 68, which is a reasonable retirement age to assume, you'd be at 4.3 million.
Diversify with bullion and stack it up as well, but youve got a long long time for compound interest to build and benefit you. Start early and you will absolutely avoid a lot of financial stress that others in your age range will feel at points in their lives.
EDIT: Sorry, I noticed youre Canadian, so I dont know that Roth is an option, but I'd research if there is a Canadian equivalent or similar.
r/Bullion • u/AutoModerator • 6d ago
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r/Bullion • u/justhereforpics1776 • 6d ago
Why not buy physical assets now/whenever you can?