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UK (Ungraded)
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40,266 topics in this forum
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closed Bundle of treasure
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closed 1910A Gold 20 German Marks
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closed 1/10th gold Krugerrand
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closed Mexican Silver ;) Libertads
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closed 2 X 2 Oz Perth mint kooks
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closed Royal Mint silver coins
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closed 925 silver coins
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closed Gold Coins
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closed 5g & 10g Loose Gold Bars
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closed Gold Eagle 1oz
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closed Pre-47 silver
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closed 1 Dinar - 4.25g fine gold
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closed 1893 Sovereign
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- 14 replies
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closed 10 oz Silver Britannia Bar
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By HonestMoneyGoldSilver · Posted
And yet somehow it doesn't sound as divorced from reality as half the stuff Dave just said I don't get the stipulation that every investment has to make you "rich" to be a successful investment. Warren Buffett made his fortune by compounding 20% returns over 50 odd years (1965-today). The market itself averaged a 10% return so all Buffett did was outperform the market by 10% or double the annual returns Have precious metals made more than the market this year, more than 10%? I believe yes, they have. If you keep investing and keep making twice the average market return, a few decades from now you will also be wealthy. Metals are not a get rich quick scheme, they are insurance and preservation of wealth As for the concept that you can buy something, add zero productive work or benefit to society, and walk out the other side with enough money to retire, well, there is so much wrong with that I barely know where to begin. Try scaling that up over a country or the planet like these braindead crypto shills keep saying. Everybody's getting rich doing zero productive work, oh OK, so who's ya know, doing the work? Last I checked you can't eat crypto or live in a crypto house. Not saying you shouldn't invest in crypto or that it won't make you money, but it's fairly obvious there is a fundamental limit to how many freeloaders the planet can handle before we starve. -
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With all the ones I've returned, they could release them as bullion to recoup the postage costs!
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