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Thread: Buy 1 oz. (or larger) silver bars for physical possession

  1. #81
    Boolit Master

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    Gives you time to pull the plugs!

  2. #82
    Boolit Master

    Three-Fifty-Seven's Avatar
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    Gold and silver, in my opinion ... is not for the time of/if The Stuff Hits The Fan ... but for afterwards ... it is away to carry value in a small package, hidden away "for a rainy day"! It is a recognized worldwide form of value.

    If the economy colapsed like Venezuela, here ... once things straighten out ... your gold/silver would be much more desirable than the old Venezuela "dollars" (whatever there called) which could be traded with/for the new currency.

    Gold/silver is also a good thing to have as PART of your investments ... things go up and down in value ...

    Thinking about buying a loaf of bread or bean with gold/silver seems silly to me ... if you have enough foresight to stash pre-65 dimes to buy bread or a can of beans ... just buy/stock/rotate the food!

    Gold/silver should not replace, and should come after you have the "BBB's" (Beans, Band-aid's, and Bullets) taken care of.
    Shawn


    John 3: 16 For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.

  3. #83
    Boolit Master

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    Quote Originally Posted by JonB_in_Glencoe View Post
    You surely might be right, with your thoughts conveyed in your first sentence.

    >>>BUT, you also give evidence to the contrary...meaning, I'd bet dollars to donuts that if that TV thief also grabbed a bag of Cheetos and a loaf of Bread, that he would probably swap that loaf FOR a gold colored chain with his favorite Rapper's moniker on it. LOL
    lol, can't argue with that reasoning
    Government is the great fiction, through which everybody endeavors to live at the expense of everybody else.
    Bastiat

    Sic transit gloria mundi ( the glory of man is fleeting)
    Whispered in Julius Caesars ear before every speech to remind him that everything comes to an end.

    Non nobis Domine,
    non nobis,
    sed nomini tuo da gloriam

    (Not unto us, O Lord, not unto us,
    but to thy name give the glory.)
    Knights Templar

  4. #84
    Boolit Master

    Three-Fifty-Seven's Avatar
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    This place has good prices, and reputation ... they list both their buy, and sell prices ... $10 shipping if you buy less than $1,000.00 ... https://www.golddealer.com
    Shawn


    John 3: 16 For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.

  5. #85
    Boolit Master RogerDat's Avatar
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    Precious metals move opposite many other investments. So while stock market is strong, with moderate inflation noise to discourage investment then equities will be up and precious metals lower. IOU's (bonds, T-Bills) return or yield more if people are getting out of stocks. Precious metals are a place to "stash" cash during a stock market downturn, they provide a safe harbor. Now bonds might return a known interest but if inflation outstrips that rate you are losing value. Precious metal returns an unknown return but inflation won't outpace it, more likely inflation will drive precious metal prices up even faster as inflation rises.

    As part of the investment mix it makes some sense to hold a fairly modest portion in precious metals as a hedge, or as an investment with somewhat moderate downside risk. You might lose some profits, or if you buy high and are forced to sell into a down metals market you lose some but not likely to lose the whole investment. Bonds can default, companies can fold or be hit with negative outcomes or events driving the stock into the gutter. Assuming you bought at gold peak and sold into the valley you would still be better off than bonds paying 20 cents on the dollar or $20 stock that is now trading at $1.37.

    Beans, band-aids, bullets. I like that. I can't lose if I buy something I will use in the normal course of events. I eat soup, I eat rice, and chili and canned fruits and vegetables. I use toilet paper. Ammo. First Aid kit. Kerosene and propane and gasoline. Seeds in the freezer for next year bought when they go on sale this year. All stuff that will be used if nothing goes wrong. And if things go wrong enough that having a 5 year supply of toilet paper on hand makes me a wise investor then all I can say is keep the corn cobs after you shell the corn because we are going to a subsistence life style and corn cobs are usable if not great or pleasant wipes. That white pot ash from the fire is useful too.

    I have investments intended to supplement retirement. Help me live in the style I'm accustomed to, indoors and with plumbing, lights and amenities like those. Not going to invest much in pretty but non-functional items for shtf scenario. Ok I might make a shotgun dripper and the only excuse I could make would be post apocalypse need to make shot. I'm lying but if it gets the cost past the budget director I'll use it. See having lived through Y2K there is a tendency for me to be skeptical. I want enough cash on hand that if the network which allows debit cards to work goes down I can still buy some fuel and groceries if needed until it gets fixed. In that scenario my silver quarter is worth exactly 25 cents to the store or gas station.

    Better off with parts for a still in shtf than you are with precious metals. You can spend gold and silver but you can make a living with a still. Have a shelf full of fish or a fishing boat? Hmmm. You know there is a bit in Game of Thrones during a siege when a leader is explaining that the thing about sieges and tough times is they make the scoundrels wealthy and the wealthy and industrious people poor from buying food from the scoundrels that will steal, hoard, and sell food or medicine on the black market to the desperate for outrageous piles of gold and gems. Not sure that wouldn't apply to a shtf scenario too.

    About my only investment in shtf supplies would be lead powder and primers, plus a couple of die sets I don't really need but are very common calibers. Thing is I'll use the components, they provide present day value, plus insulation from future spot scarcities or price increases. Even the dies allow friends or family to come over and load a box if needed, which offers a present day value. I'm not buying 20 year sealed food supply for 6 months. I would be pissed every time I looked at it. Stocked pantry shelf, looks good to me. Especially if I catch a good sale.
    Je suis Charlie
    Scrap.... because all the really pithy and emphatic four letter words were taken and we had to describe this way of getting casting material somehow.
    Feedback page http://castboolits.gunloads.com/show...light=RogerDat I do trade a bit from time to time.

  6. #86
    Boolit Master
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    I think the bottom line of my original post was simply to put something away as a hedge against inflation.
    I have plenty of food put away in freezers with 50 gallons of generator fuel backup. Starting to harvest veggies and put them into the freezer.
    Plenty of guns and ammo on hand. Plenty of components. Plenty of parts to build a fair number of AR's.
    I am surrounded by farmers that I can (and have) bartered with. As their hired woodchuck assassin they are grateful for every carcass.
    IMHO, at today's prices silver is a good hedge against inflation. It may go up but it won't go down all that much, if any.
    Jeez....I am starting to sound like a prepper. Not a prepper, just covering my butt.
    But you never know.
    Collector and shooter of guns with selector switches and threaded barrels. Collector of suppressors, SBR's, AOW's and SBS's. Lead and brass scrounger. Never too much brass, lead or components in inventory! Always looking to win beauty contests with my reloads.

  7. #87
    Boolit Master
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    My food prepping consists of keeping a huge bag of rice, beans, and flour in the pantry as well as being stocked with our favorite consumables. That and two full freezers should keep us for months as we have plenty of gas to operate a small generator.

    Onto the silver again.............buy a little each month if you can with prices this low. It will average out over time. Take whatever you have that is extra spending money and put the metals in the "bank". Hopefully at some point a nice profit will happen. But if it doesnt you will not lose much buying it in the $15-16 range. With most banks still paying less than 1/2% interest your risk is small.
    Tennessee

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Abbreviations used in Reloading

BP Bronze Point IMR Improved Military Rifle PTD Pointed
BR Bench Rest M Magnum RN Round Nose
BT Boat Tail PL Power-Lokt SP Soft Point
C Compressed Charge PR Primer SPCL Soft Point "Core-Lokt"
HP Hollow Point PSPCL Pointed Soft Point "Core Lokt" C.O.L. Cartridge Overall Length
PSP Pointed Soft Point Spz Spitzer Point SBT Spitzer Boat Tail
LRN Lead Round Nose LWC Lead Wad Cutter LSWC Lead Semi Wad Cutter
GC Gas Check