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Do you own a sack of old silver coins in case of an emergency?
Posted on 1/28/15 at 10:57 am
Posted on 1/28/15 at 10:57 am
I'm thinking about buying up another $400 face value sack of 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.
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.
This post was edited on 1/30/15 at 7:43 am
17
Posted on 1/28/15 at 11:22 am to DawgSmoke
In a crisis a store or any populated area is the last damn place I would go.
This post was edited on 1/28/15 at 11:24 am
Posted on 1/28/15 at 11:29 am to porkrind
quote:
In a crisis a store or any populated area is the last damn place I would go.
At some point you would and if the dollar is devalued and the government says you can only withdraw $250 a day after that how do you buy bread?
Posted on 1/28/15 at 11:37 am to DawgSmoke
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?
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?
This post was edited on 1/28/15 at 11:39 am
Posted on 1/28/15 at 11:43 am to DawgSmoke
I have many guns to go get food / $$ with during a true crisis.
Posted on 1/28/15 at 11:47 am to porkrind
Well it actually happened in the 80's in Argentina their currency collapsed because of over printing and the government devalued it by 80% on top of this they mandated a withdrawal amount equal to $250 for some time after... Killed their middle class still to this day. Gold and silver coins are self valued and not based on fiat currency fluctuations. I might buy bread at face value on the coin but beats a stack of $100 dollar bills for the same loaf.
In a total collapse I could melt them and make bullets!
In a total collapse I could melt them and make bullets!
Posted on 1/28/15 at 12:13 pm to Hardy_Har
Yea I'm with you.. I will rape the fools who don't have guns or bullets
Posted on 1/28/15 at 12:19 pm to Hardy_Har
quote:
have many guns to go get food / $$ with during a true crisis.
This
Posted on 1/28/15 at 12:25 pm to DawgSmoke
I have all of my bitcoin hidden under a mattress.
Posted on 1/28/15 at 12:31 pm to DawgSmoke
why pre-1933? pre-'64 is the same in silver content, right?
i buy coins and bars for that possibility, and i have lots of guns and stocked ammo.
i buy coins and bars for that possibility, and i have lots of guns and stocked ammo.
Posted on 1/28/15 at 12:33 pm to DawgSmoke
As another alluded to.. I have brass and lead as my metallurgic needs, and alcohol and other things for barter. No need to buy bread when you actually prepare.
You can get 50 lbs wheat flour for $20.
50 lbs white rice $40.
50 lbs pinto beans around $40.
You can get 50 lbs wheat flour for $20.
50 lbs white rice $40.
50 lbs pinto beans around $40.
Posted on 1/28/15 at 12:34 pm to DawgSmoke
Massive facepalm to the entire OP. If anything this drastic ever does occur, your coins will be the last thing you need.
Posted on 1/28/15 at 12:47 pm to DawgSmoke
quote:
only thing you could use to buy bread.
I've found buckshot works more than bartering. I'll spend those 400 on ammunition, thanks.
You know, shite that matters.
Posted on 1/28/15 at 12:48 pm to DawgSmoke
I have more ammunition than I can hope to use in a lifetime (mainly thanks to my father who has been stockpiling since the late 90's and the Y2K scare). That will be currency should civilization fail.
Posted on 1/28/15 at 12:49 pm to DawgSmoke
Prudent to be using a sports message board for financial/EOT advice. Good thinking
Posted on 1/28/15 at 12:52 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.
Pre 1964 has the same silver content. Why 1933?
Posted on 1/28/15 at 1:19 pm to Themole
thinkin the same.. hwoever.. if he can get at face value.. that's a hella deal and whoever is sellin is a fool and I wouldn't mind getting in on that action
Posted on 1/28/15 at 1:54 pm to Themole
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
This is why you go pre 1933...
This post was edited on 1/28/15 at 1:56 pm
Posted on 1/28/15 at 2:02 pm to RedPants
quote:
Massive facepalm to the entire OP. If anything this drastic ever does occur, your coins will be the last thing you need.
Look I didn't ask for your for advice. FYI this is not the rant, or one of the other "lip service boards" kindly take your snide remarks elsewhere or, get RA'd.
Posted on 1/28/15 at 3:09 pm to DawgSmoke
This is funny
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