Star43
Buckeye
Thinking about Silver and ammo, The Lone Ranger used Silver bullets !!! Even back then, that was expensive ammo for sure.....but he could shoot not only zombies, but vampires and of course Werewolves too !! Hiyoooo Silver Away!!
Gold and Silver
- Thread starter chm270
- Start date
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If TSHTF, all of the industries that use silver will be shut down. So there will be no industrial demand, and thus no "commodity value" to silver. At that point silver and gold will each behave identically - pretty to look at but no other value.
Now if everything goes absolutely crazy and you do not have gold or sliver or money, but you have your guns and ammo you could 1) Defend yourself and family. 2) Barter for what you need or you could take what you need!
Shamus2022
Single-Sixer
Except the two candy bars are much smaller.....
Walk into a coffee stand, or any other retail establishment today, and try to pay for your $5 purchase with five Morgan dollars.
I can just about guarantee the pinhead behind the counter won't take them!
95% of our fellow Americans are clueless.
So, it looks like the other 5% of us have decided on ammo, precious metals, real estate and liquor as future currency.
Perfect then, it's settled
Cheers,
JAYDAWG
I can just about guarantee the pinhead behind the counter won't take them!
95% of our fellow Americans are clueless.
So, it looks like the other 5% of us have decided on ammo, precious metals, real estate and liquor as future currency.
Perfect then, it's settled
Cheers,
JAYDAWG
Star43
Buckeye
True, 95% are clueless......the clerk very probably wouldn't even know what a Morgan is.....Walk into a coffee stand, or any other retail establishment today, and try to pay for your $5 purchase with five Morgan dollars.
I can just about guarantee the pinhead behind the counter won't take them!
95% of our fellow Americans are clueless.
So, it looks like the other 5% of us have decided on ammo, precious metals, real estate and liquor as future currency.
Perfect then, it's settled
Cheers,
JAYDAWG
Star43
Buckeye
Yes, Silver and Gold are pretty to look at.......but one can go back thousands of years and Silver has always been there for the true commercial use. Always has been used and could and would be used again...Don't forget, it's not only pretty but it has the "Perceived Value" that pretty much wherever you are, people will relate to its value.
Star43
Buckeye
I agree on the peanut bread, and especially the Yodels, and some good old Hostess Cup Cakes, but I would not rely on any Crypto at that point. I that would be amongst the first to "disappear"Well, I guess if TSHTF, I would pay BIG TIME for some peanut butter and bread... and maybe some Yodels.
p.s. I'd pay with Bitcoin
J.
Besides, you'd need internet to use crypto wouldn't you?
If the SHTF there may not be any internet OR electricity.
Cell service? Is T Mobile still running?
You can skip paying more for coins and still get better value. Bullion ( .9999 pure ) silver ROUNDS. They look like coins, but are not U.S. currency. You are only buying pure silver. "Junk" silver (sorry, that's what the industry calls it, not me) or coin silver is cheaper for TWO reasons. The 85 -90% silver means you are already 10-15% below spot in value, of course. However, the other reason is that it's not as popular for buyers, making it harder to sell, but will sell at an even lower price than the silver demands. Don't get me wrong. Coin silver is still a good investment these days, because of silver growth- but just not the best.Yes, the 3 metals you mention are all good. Yep, copper is $4 now, but it is too heavy and takes up to much room to store.....I think silver is the way to go for whatever need one has, and the main thing to me, is buy it at the lowest cost factor. You don't want to pay high premiums for the American Eagles, and the Maple Leafs, etc, unless you are a collector or coin enthusiast. To me, stick with the 90% constitutional silver.
Silver rounds ( look like coins but are not) are pure silver. You can get them in smaller denominations than an ounce- though ounce is the norm. You can buy half or quarter ounce rounds, you can get 1 oz "Pop" rounds that break into 4 individually stamped quarters, or you can get Vacambi 100 gram or less "breakaway" bars that break into 1 gram individually stamped ingots ( I call them small change) . All of which are pure .9999 silver which means they are worth at LEAST spot.
DISCLAIMER: Before anyone asks, I am not connected in any way with any precious metal companies. Just passing on my own experiences such as they are. Your mileage may vary....
Star43
Buckeye
The term "Junk Silver" always kind of peeved me. Collectors call it junk silver because it is not the "perfect coin" , meaning it can show some wear and tear, as after all these are mostly older coins.
These coins were designed to be used as true currency to be handled and passed from hand to hand, etc....An old professional who has sadly passed, taught me everything I know about Silver and coins in general. He would always say "Silver is Silver"....the secret was to pay little or as close to zero in premium as you could to keep your cost down. That is what truly makes it a good buy....as far the silver content in US Continental Silver, 1964 and earlier. The formula was Always 90 - 10. 90 % Silver and 10% copper as to give it more durability in it's use. Always 90 - 10.....From 1965 - 1970, only in half dollars , 40% silver was used. After 1970 all normally minted coinage meant for circulation had no silver content at all ...Now one could buy Silver proof sets from the mint, but I don't want to include that in this. For the regular guy, 1964 and earlier has the solid 90% silver ratio. Canada up until 1967 used a 80 - 20 silver to copper ratio, but that is a whole another story. Personally I like Canadian Silver coins. The Canadian mint does a very nice job. Yes, Bullion is .999 % pure silver. You can buy Bullion silver or also American Eagles which is also .999 % pure silver. In Canada the Maple Leaf is .9999 in pure silver. If you are a collector, price is not concern or matter, as they are collectors. I personally am more of an enthusiast, meaning I appreciate a "good coin" but am very reluctant to pay any high price. I believe in the low premium to spot price to make that buy, a special buy. All of this is how I feel, and think I have been way too wordy here, so I will stop right now.....
When my mom was a little girl, the government said none can own gold, turn it all in. You could not use it after that.
Star43
Buckeye
Yes that was a terrible law that was enacted, and yet, In a "Free country"......That ownership ban on gold was repealed in late 1974 when one could legally own gold coins and bars, etc......
She turned it into the bank S a good citizen and got a receipt. Went back to claim it and got paper money.
They did it before, they can do it again.
Star43
Buckeye
I heard a few folks never even turned it in according to some old-timers as they didn't trust the Govt......Look at your poor Mom. She gives them her Gold....they hold it and give her paper?? I had thought that when they took the gold in the first place, they paid about $20 an ounce, but shortly after this confiscation was done, then it shot up a few bucks real quick.. If that wasn't a coincidence ?? FDR said the depression was happening and because people were hoarding gold, things got worse.....But I guess it was ok for the government to hold/hoard it ?? When you think about it, that was one terrible thing to do to the small regular folks ?? Like the small amount of gold your Mom had or my relatives too, caused the depression ?? To me, I don't think so....But that was a long time ago & what is done, is done.
mollydodger
Bearcat
Don't forget Twinkies!!! They never go bad!!!
It was worse than a ban- it was out and out theft. Roosevelt paid $20.67 per ounce. The economy was gold based at the time ( the depression) and he thought that building the gold reserve would stimulate economic growth. While we recovered, this action had absolutely nothing to do with it.
That being said, if you want to own physical gold buy smaller unrecorded amounts per sale, keep quiet about it, and keep it securely hidden. You never know..... Err on the side of caution?
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I just know that buying gold or silver and just having a letter as proof that you do own it, but it's in a vault a thousand miles away, is pretty stupid.
