The investment game

@the-gravedigger said
That sounds logical but think about it for a moment.
In your dooms day scenario McDonalds one the bluest chips stocks providing cheap food to the masses has gone bust. So presumably stock markets around the world have gone belly up. Governments have also gone bust and have not been able to step in and save the day as in 2008. Fiat (paper) currency is also worthless. ...[text shortened]... food and bottled water. Oh and a shot gun would come in handy.

(And don't forget your tin opener)

“If things get that bad ,and they might ,hide in your cellar with tins of food and bottled water. Oh and a shot gun would come in handy.”

Blimey!

It will get that bad soon. ☹️

@chessturd said
It will get that bad soon. ☹️

Tough up north at the moment huh..?

Yep ☹️

Some are saying America is on the brink of civil war.
We always copy them.

@the-gravedigger said
Some are saying America is on the brink of civil war.
We always copy them.

We didn’t last time.

@chessturd said

Buy real assets... Silver!...Gold!..
😉

Why on earth do you think a metal is an asset?

@divegeester said
We didn’t last time.

True, but we have followed them into plenty of other wars.

@wolfgang59 said
Why on earth do you think a metal is an asset?

Well I still wish I had bought gold when it was 50.00 an ounce!

-VR

@very-rusty said
Well I still wish I had bought gold when it was 50.00 an ounce!

-VR

Or better yet at $38/ounce in 1971 when it was decided to let the price "float".

@divegeester said
Better than any cash ISA!

And you have to add in the value of being in the mix for a big payout.

most I ever got in 1 month £500.00 but that was before they cut the prize money, reckon over the last 2 years my best months payout was £175.00,I maxed out both me and my wife when I shut my flooring firm down 3 years ago also maxed out santander when they were paying 3 % on current accounts if you flip them around u can still make a few bob.

@great-big-stees said
Or better yet at $38/ounce in 1971 when it was decided to let the price "float".

I believe that was the year my brother-in-law suggested it to me and it shot up to 50.00 that year if I am not mistaken. That is so many moons ago now!!! 😉 Maybe it was the next year?

-VR

@very-rusty said
I believe that was the year my brother-in-law suggested it to me and it shot up to 50.00 that year if I am not mistaken. That is so many moons ago now!!! 😉 Maybe it was the next year?

-VR

I bought some gold in, I think it was mid-late 1973, for about $200/ounce and put in a sell order for when it hit $800, which it did in 1980ish. A tidy return.

@great-big-stees said
I bought some gold in, I think it was mid-late 1973, for about $200/ounce and put in a sell order for when it hit $800, which it did in 1980ish. A tidy return.

Indeed a very nice chunk of change!!! I wish I had taken my brother-in-laws advice as he followed the stock market since he was a teen!! Oh well, it wasn't in the cards for me I guess. I faired out pretty good just the same and retired early back in 2013 so that is 6 years ago now how time flies. and I am not retirement age yet.

I hope that doesn't come across as bragging. 😉

-VR

@great-big-stees said
I bought some gold in, I think it was mid-late 1973, for about $200/ounce and put in a sell order for when it hit $800, which it did in 1980ish. A tidy return.

I feel ya. I missed out on Microsoft after the crash in October, 1987.
Financial investment is not for the squeamish.

I wish I could have known then that stock-brokers and financial advisers are just like "the house" in a Vegas casino: They never lose.