http://www.kitco.com/market/
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http://www.apmex.com/
Just a little info
jj
<broken link removed>
<broken link removed>
http://www.apmex.com/
Just a little info
jj
<broken link removed>
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Here is a question for someone in the know. If you had bought $1000 worth of gold and $1000 worth of .45acp in 1999 which would be more valuable now? How about if you did the same in 1989?
I remember a guy on one of the news shows in the 90's talking about how gold is a big money maker only for a small group of people. A small group of people control so much of the gold that they make a fortune driving up the price and selling, then driving down the price and buying it back. He was talking about how most of the gold in the US has been in and out of the same families hands hundreds of times. He called it the "fool's gold principle" or something like that.Gold spiked to $850 an ounce in 1980 during the Carter era and was back down to $300 an ounce 2 years later in the Regan admin, something to think about for the people that could be jumping on the Gold rush.
Gold spiked to $850 an ounce in 1980 during the Carter era and was back down to $300 an ounce 2 years later in the Regan admin, something to think about for the people that could be jumping on the Gold rush.
Here is a question for someone in the know. If you had bought $1000 worth of gold and $1000 worth of .45acp in 1999 which would be more valuable now? How about if you did the same in 1989?
Guns will get you gold anytime.They will get you anything you want or need anytime,anywhere.
Silver has always been "poor man's gold" and it still is. Gold is an investment vehicle and a store of wealth for those who have mega bucks. Silver is for the rest of us. It is way undervalued today in light of the old ratio of 16:1. Currently it takes about 60 oz of silver to buy 1 oz of gold, so it has a lot of room to go up. I think we will see $180 an oz silver before we see $18,000 an oz gold.
It is also more negotiable in a society suffering from an economic breakdown. Most people don't know that there is actually less silver above ground today than gold. Silver gets used up in many industrial and medical technologies. I've heard that there are some bogus gold bars out there, but what I have read indicates that they are mostly huge investment grade 400 oz bars. Silver in one oz American Eagles and Canadian Maple Leafs are a very safe investment and real money if things do break down.
Most people can't shoot more than two guns at a time. Unless you are buying high end, rare collectibles they are a depreciating asset whereas silver (and gold) just keep getting more valuable. Silver is money, always has been, always will be. Guns are tools to protect your family, your home, your goods and your money. You need enough of them to do that, more is just an expensive hobby.
Personally if I had $100,000 I'd buy some more ammo for my dozen guns, maybe a few thousand dollars worth, put another $5000 in food and survival supplies, but $90,000 would go into silver at today's price of around $18. an oz.
Buy the way, fyi, the best and most trustworthy way to buy silver or gold is an outfit called APMEX (American Precious Metals Exchange in Edmond OK) You can buy and sell online at apmex.com This company is the best out there. Your local coin dealer will screw you when you buy and when you come in to sell. I have had nothing but good experiences dealing with APMEX for the last ten years. My worst experience was with Northwest Territorial Mint in Auburn Washington. Avoid them like the plague.
An ounce of gold is what, over $1100 and an ounce of silver is $18. In a SHTF and you got to move, which is more easy to carry? You got to carry five pounds of silver to equal one ounce of gold in value. Silver is for barter Gold is for running and hiding.
Just a thought
jj