Ask HN: Do you own physical silver or gold?

https://news.ycombinator.com/item?id=2767342

by johnnyg • 15 years ago

3 4 15 years ago

news.ycombinator.com

Have any HNers taken a portion of their dollars and converted them into hard metals? How much, why so and do you hope to convert back one day?

phyllotaxis• 15 years ago

Yes. The quantity isn't important, but the premise underlying the decision is. http://mises.org/daily/5051/Inflation-and-the-Value-of-Gold-...

brk2• 15 years ago

A little bit, yes.

I'm also heavily invested in brass, which will be more valuable should any kind of domestic situation occur that requires physical gold or silver be used in place of cash.

johnnyg• 15 years ago

Can you break down your case for brass? The zerohedge folks don't tend to speak on it...

brk2• 15 years ago

brass == ammunition.

When Y2K was rolling around, some of my tinfoil hat coworkers would talk openly about all the supplies they had stocked up. They asked me what I had stockpiled. "Only brass, mostly 5,56. But, thanks for letting me know where I can come and get perishable goods if needed."

I'm all for diversification, and do truthfully have some investments in precious metals, but not for some end-of-days kind of scenario.

Ask HN: Do you own physical silver or gold?

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