Started By
Message
0
Posted on 1/28/15 at 6:28 pm to rootisback
People thinking "precious" metals will be worth something if the US dollar were to totally collapse amuse me.
Posted on 1/28/15 at 6:31 pm to DawgSmoke
I think I had around 300 ounces of silver coins when I weighed them a few years ago. I have no clue if I have rare coins mixed in. I might get a better deal if I tried to sell them in small quantities.
This post was edited on 1/28/15 at 6:32 pm
Posted on 1/28/15 at 6:32 pm to RogerTheShrubber
quote:
I've got a few ounces of gold I've pulled out of rivers over the years in in the closet.
You got some nice change then.
Posted on 1/28/15 at 6:43 pm to Tiger n Miami AU83
People thinking "precious" metals will be worth something if the US dollar were to totally collapse amuse me. [/quote]
people thinking precious metals will NOT be worth something totally amuse me. gold and silver are precious because of limited amounts and government sponsored/printed money have nothing to do with that.
people thinking precious metals will NOT be worth something totally amuse me. gold and silver are precious because of limited amounts and government sponsored/printed money have nothing to do with that.
Posted on 1/28/15 at 6:48 pm to Tiger n Miami AU83
quote:
People thinking "precious" metals will be worth something if the US dollar were to totally collapse amuse me.
You're definitely looking foolish here, baw.
Posted on 1/28/15 at 9:15 pm to DawgSmoke
quote:
I'm thinking about buying up another $400 face value sack of pre 1933 mixed silver coins and throwing it in the safe this week.
If the fiat currency crashes this would be the only thing you could use to buy bread. Nobody would know what bullion coins are, or if a gold/silver bar is real or not at the grocery store in crisis moment.
It's good that you are thinking along this line ... stick with it.
Yes, we've stashed back quite a bit of silver. It's silver that has been passed-down and added-to in my family for some time.
Silver dollars from my great grandfather ... and a boat load of silver my grandfather used to pull out of my Grandmother's tips back in the day - stored in Prince Albert tobacco cans.
Dad added to it and now I've added to it as well.
But as others have already stated in this thread, you gotta have all the other things in place as well.
Redundant drinking water supply.
Food.
Firearms and ammo.
First aid.
If you are a city dweller you have to have a way to cook, heat your home or apartment, sterilize things.
Someone mentioned the collapse in Argentina some years ago. What was interesting about that was it was documented by this guy who used to post on the survivalist boards like Frugal's Forums and Time Bomb 2000. He went by the username FerFal and he documented it almost on a daily basis, with pictures. His following was huge and it led to some notoriety and fame for the guy. He wrote a book all about it and it is fascinating.
If you do not believe it can, and will, happen here ... then the Argentine collapse is a good example of how it can, but more importantly how society reacts when a collapse does occur.
https://ferfal.blogspot.com/
https://www.themodernsurvivalist.com/
Posted on 1/28/15 at 9:30 pm to scrooster
quote:
documented by this guy who used to post on the survivalist boards like Frugal's Forums and Time Bomb 2000. He went by the username FerFal and he documented it almost on a daily basis, with pictures. His following was huge and it led to some notoriety and fame for the guy. He wrote a book all about it and it is fascinating.
read that a couple yrs ago. Was really interesting and eye opening.
Posted on 1/28/15 at 10:41 pm to porkrind
quote:
No, I wouldn't.
Nothing at a supermarket is worth getting killed over. I'm pretty set up to live for the long haul right here in the middle of the woods.
Under what scenario do you see the dollar being valueless and being able to go to the store and buy things with silver? Yeah, I'm sure the angry mobs will wait outside while the most ballsy store clerk in history is in the store to trade for your silver
What would the person you trade this silver even do with it? Make jewelry?
I'm with this guy. Quite unlikely there occurs a period in which U.S. paper money is worthless but silver will get one groceries. Far better to keep gallons of pennies. Any coin can be melted down to make ammunition.
Posted on 1/28/15 at 10:51 pm to DawgSmoke
Silver? frick that. I've got a shotgun, rifle, and a 4 wheel drive (subaru, but it counts). I'll go live in the woods and make pine cone party liquor before I worry about some silver coins.
Posted on 1/28/15 at 10:52 pm to derSturm37
...If you live in a city (or suburb) and the U.S. economy truly crashes then you and everyone for whom you're responsible will probably die.
You can have all the gold, silver, and copper a great boy scout could hope for. You can have AR-15's and AK-47's galore. Your best hope (and the one for which you'd better be building) is a network of ALLIES.
Nieces, nephews, cousins, and neighbors is what you're going to want for, NOT silver and gold. Those with an adequate "fire plan" are going to get your gold and silver if they have more allies.
You can have all the gold, silver, and copper a great boy scout could hope for. You can have AR-15's and AK-47's galore. Your best hope (and the one for which you'd better be building) is a network of ALLIES.
Nieces, nephews, cousins, and neighbors is what you're going to want for, NOT silver and gold. Those with an adequate "fire plan" are going to get your gold and silver if they have more allies.
This post was edited on 1/28/15 at 10:54 pm
Posted on 1/29/15 at 12:15 am to derSturm37
it is assumed that barter will return as a means of survival. Grocery stores will have long been plundered. Silver in small denominations/weight will be optimal for barter....especially 90% dimes, quarters, and halves.
People will know those coins and accept them for goods.
People will know those coins and accept them for goods.
Posted on 1/29/15 at 12:17 am to DawgSmoke
I do, but it's not for in case of an emergency. I'll get dime, quarter, and half dollar rolls at my credit union and go through them. It's a good way to kill time when I'm bored. I've got a little over $200 face value worth of "junk" silver.
Posted on 1/29/15 at 12:19 am to Tiger n Miami AU83
quote:
People thinking "precious" metals will be worth something if the US dollar were to totally collapse amuse me.
It has always been a store of wealth. It can't be counterfeited and is finite, thus it will never not be one. If the dollar collapses, precious metals would absolutely skyrocket. Your post is dumb.
Posted on 1/29/15 at 12:29 am to Kashmir
quote:
it is assumed that barter will return as a means of survival. Grocery stores will have long been plundered. Silver in small denominations/weight will be optimal for barter....especially 90% dimes, quarters, and halves.
People will know those coins and accept them for goods.
I hear ya. I do.
This post was edited on 1/29/15 at 12:41 am
Posted on 1/29/15 at 12:44 am to derSturm37
The chance that either of us is partly right makes me feel better about the hundreds of rounds I have for guns, my crossbow, and approximately 16 lbs of silver.
Posted on 1/29/15 at 8:10 am to AUbagman
It has always been a store of wealth. It can't be counterfeited and is finite, thus it will never not be one. If the dollar collapses, precious metals would absolutely skyrocket. Your post is dumb.
I agree with this. For those poo pooing precious metals, it would be wise to study the question, What is a dollar?
Here is a great explanation of that question. LINK
Wise planning for a SHTF scenario first and foremost includes having the basic supplies stored to feed and clothe each member of your family for at least one year. Water supply, Guns, ammo, medicines and first aid, are a must. Where you live is paramount. City dwellers will not fare well.
Once these needs are provided for is when precious metals come into play.
I agree with this. For those poo pooing precious metals, it would be wise to study the question, What is a dollar?
Here is a great explanation of that question. LINK
Wise planning for a SHTF scenario first and foremost includes having the basic supplies stored to feed and clothe each member of your family for at least one year. Water supply, Guns, ammo, medicines and first aid, are a must. Where you live is paramount. City dwellers will not fare well.
Once these needs are provided for is when precious metals come into play.
Posted on 1/29/15 at 8:14 am to scrooster
This thread has turned out pretty well. I certainly have picked up a few things and it seems a lot of people in here are hedging against catastrophic inflation, and worse in a lot of smart and creative ways.
Kudos's!
Kudos's!
Posted on 1/29/15 at 8:37 am to Kashmir
quote:
The chance that either of us is partly right makes me feel better about the hundreds of rounds I have for guns, my crossbow, and approximately 16 lbs of silver.
I have one gun safe devoted exclusively to the "zombie apocalypse"
AR-15, AK-47, an old geiger counter, some 2nd gen night vision, ammo and batteries for all, and enough seeds to make me shoot myself when the tractor runs out of diesel. I have two ponds for water. I do NOT have ample stores of coin. It is something to think about. BTW: The AR-15 was a waste of money. I should have bought two more AK-47s, instead. Those things are absolutely perfect for the kind of stress we're discussing.
Posted on 1/29/15 at 9:13 am to DawgSmoke
quote:
quote: The term Investment Grade or Numismatic refers to coins that were minted prior to 1933, whose value is principally based upon several factors such as condition, scarcity and demand rather than being primarily based on their precious metal content. While bullion is a short term investment, Investment Grade coins are for the long term investor. With numismatic coins being scarce and having a strong demand from investors, their value has been shown to grow steadily over time. The esteemed Dr. Raymond Lombra who was commissioned by Congress to study the potential of these Investment Grade coins has proved this. Dr. Lombra showed that certain Investment Grade coins have shown a 15% return every year, for 30 consecutive years! These coins are ideal for the investor looking to buy and hold for security and protection, while reaping the long-term benefits of a steady profit. Typically the hold period for this type of investment is a minimum of 3-5 years. Currently most bullion products, depending on quantity, require a social security number upon liquidation, whereas numismatic products do not. Additionally, because of their special value to collectors, these coins are potentially exempt from future government confiscation, should the current administration honor and follow the precedent set by President Roosevelt’s 1933 Executive Order 6102. Investment Grade coins offer a privacy not found in bullion and other investments, and they typically offer less down side risk with more upside potential. Therefore, investors looking for long-term prof
If the govt goes to confiscating currency they aren't going to give a shite about any precedent set by Eisenhower or anyone else for that matter
Page 3 of 4
Popular
Back to top
Follow SECRant for SEC Football News