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Precious Metals
- Thread Starter Sasquatchvnv
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- Thread Starter
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I tend to agree with you - you should definitely stock up on useful supplies first. Gold and silver are useful in that they are portable, non-perishable, and will likely end up as a medium of exchange that most will recognize and accept.
Beyond that, I'm thinking we will still have to deal with gov't extortion in some form (barring a total collapse). Metals will be easily convertible into whatever currency is in use post collapse to keep the taxman off your back (unless you're one of the type that has 20 acres and a backhoe...).
How bad is it going to get? I dunno. For sure the dollar is going to bite the big one, and hyper-inflation is highly likely. Metals are the only way to cover yourself in a currency collapse that leaves life somewhat resembling normal.
Your paper assets will be long gone soon enough. I currently draw a military retirement and should be eligible for social security soon enough - I don't believe either of these are reliable, and am planning for the day when the check quits coming. If I'm wrong, what have I lost?
Let me start by saying, I don't, won't and wouldn't live in a bunker, but having all this .GOV shoved down our throats is concerning enough to have me begin to diversify my holdings into more "tangible" assets, not just paper.
Over the years I have been given silver from my mom and dad, just 10oz. in 1oz. silver eagles, 1 each year for the years my wife and I have been married. They've missed a few years, but I didn't really value it until the last few years as my views on self-reliance and self-sufficiency have evolved.
Today I finally got off my butt and bought some silver, I may be late to the party, I may be buying in WAY TOO LATE and the price may fall by 50%, but to honest, I don't care. I don't like where I see things going and it doesn't look like the management is going to change, regardless of the "D" or "R" behind the name, this game isn't going to stop anytime soon. These guys are in it for the long haul and think we don't have the stamina to stay on them, they could be right or wrong, but they'll certainly ruin the economy if they have to to make the populous realize they are needed.
That all said, just like my 401k, this will be part of my monthly investing.
Over the years I have been given silver from my mom and dad, just 10oz. in 1oz. silver eagles, 1 each year for the years my wife and I have been married. They've missed a few years, but I didn't really value it until the last few years as my views on self-reliance and self-sufficiency have evolved.
Today I finally got off my butt and bought some silver, I may be late to the party, I may be buying in WAY TOO LATE and the price may fall by 50%, but to honest, I don't care. I don't like where I see things going and it doesn't look like the management is going to change, regardless of the "D" or "R" behind the name, this game isn't going to stop anytime soon. These guys are in it for the long haul and think we don't have the stamina to stay on them, they could be right or wrong, but they'll certainly ruin the economy if they have to to make the populous realize they are needed.
That all said, just like my 401k, this will be part of my monthly investing.
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I plan on putting all my money into flat-panel TVs. I'm sure they will hold their value.
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Remember there is always a boom before a bust !....
Just be careful and don't bet what you can't lose with any commodity or stock.
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Don't forget folks purchasing oil futures a few years ago at $150 a barrel.
Keith
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Lead: good for bullets, is heavy, slightly toxic.
Tin: mix with lead.
Zinc: good for corrosion prevention, mostly pointless.
Copper: can make solid copper rounds, but no true value to the Shiny Hunters.
Brass: can make solid brass rounds, maybe make new brass if you can "acquire" a brass casing mold.. or trick people and call it gold. (or: see bronze)
Bronze: statues and solid bronze rounds, maybe make coin rounds for future currency?
Aluminum: Light, easy to form, can make semi-useful stuff, but no value.
Titanium: unless you got a blast furnace, useless. otherwise, best armor and pointy objects in the neighborhood.
Silver: The "loaf of bread" bargaining chip. someone, somewhere, will still find silver shiny, and will give you stuff for it.
Gold: The "ammo and guns" bargaining chip. again, it's shiny.
Platinum: the Forgotten metal, just as shiny, but neglected.
Unaubtanium: ... looks like a rock to me.
ANYTHING will be of value to someone. Someone may scoff at your gold but want your car's carburator, or the healthy chicken. OR they could offer you a pound of gold (which is $22,700) for the shoes on your feet. That's the Barter system.
When the aliens come and laugh at our gold obsession, and say that gemstones are the galactic currency, well, those diamonds you sold for near-nothing with the gold ring just became worth a House.
Have a little precious metal around, someone'll want it. just, ask for more then shoes. hey, have a few raw or cut stones too.
Tin: mix with lead.
Zinc: good for corrosion prevention, mostly pointless.
Copper: can make solid copper rounds, but no true value to the Shiny Hunters.
Brass: can make solid brass rounds, maybe make new brass if you can "acquire" a brass casing mold.. or trick people and call it gold. (or: see bronze)
Bronze: statues and solid bronze rounds, maybe make coin rounds for future currency?
Aluminum: Light, easy to form, can make semi-useful stuff, but no value.
Titanium: unless you got a blast furnace, useless. otherwise, best armor and pointy objects in the neighborhood.
Silver: The "loaf of bread" bargaining chip. someone, somewhere, will still find silver shiny, and will give you stuff for it.
Gold: The "ammo and guns" bargaining chip. again, it's shiny.
Platinum: the Forgotten metal, just as shiny, but neglected.
Unaubtanium: ... looks like a rock to me.
ANYTHING will be of value to someone. Someone may scoff at your gold but want your car's carburator, or the healthy chicken. OR they could offer you a pound of gold (which is $22,700) for the shoes on your feet. That's the Barter system.
When the aliens come and laugh at our gold obsession, and say that gemstones are the galactic currency, well, those diamonds you sold for near-nothing with the gold ring just became worth a House.
Have a little precious metal around, someone'll want it. just, ask for more then shoes. hey, have a few raw or cut stones too.
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Silver is the best investment nowadays, after you have your basics stocked up and stored well. After SHTF and things settle down, we will need a way to do commerce and trade. Silver is by far the best medium of exchange throughout all history.
Silver has had a 16:1 ratio with gold since Biblical times, until the last few years. Now that the silver market manipulation has been exposed professionals expect silver to correct back to that ratio. Gold is trading today at $1,380+. Divide that by 16 and you have what silver will be in a few months: $86+
With the dollar tanking world wide, gold is expected to hit around $5,000 before the dollar collapses altogether. That would put silver at $312 an ounce.
Most folks will not believe this because they believe it has never happened before. It has happened many times, most recently in Argentina.
Get your food and supplies squared away first, then buy silver for AFTER SHTF.
Silver has had a 16:1 ratio with gold since Biblical times, until the last few years. Now that the silver market manipulation has been exposed professionals expect silver to correct back to that ratio. Gold is trading today at $1,380+. Divide that by 16 and you have what silver will be in a few months: $86+
With the dollar tanking world wide, gold is expected to hit around $5,000 before the dollar collapses altogether. That would put silver at $312 an ounce.
Most folks will not believe this because they believe it has never happened before. It has happened many times, most recently in Argentina.
Get your food and supplies squared away first, then buy silver for AFTER SHTF.
Have to agree with the last sentence.
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The best investment is quality firearms, whether SHTF or not.
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Sure. Market fluctuations. Precious Metals (PM) preserve value. We know the dollar is dropping like a rock world wide. PM are not "going up", fiat dollars are going down. There will be ups and downs along the way.
a good read here 
Kitco - Commentaries - Gary Dorsch
Kitco - Commentaries - Gary Dorsch
I have to disagree with your statement. HUI and GDX have increased in value several hundred percent over the last 10 years. I have some quality firearms and none of them have increased in value anywhere near that much.
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- Thread Starter
- #38
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Yes.
This question was asked a lot in the 1980's when silver was over $50 per oz.
Good info here: http://forums.silverseek.com/index.php
Caution: there are a lot of "silver is going to $1,000 per oz" guys in there.
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