Anybody into silver and gold?

txflyer

txflyer

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Fly it like you STOL it ♦
I've been stacking for years. Everything. Ag, Au, Pt, palladium, rhodium, you name it.

I don't have faith in the fiat dollar. It's a promise. A very highly leveraged promise at present. The next big crash could make all the previous one's look like tiddly-winks.

Here's some heavy metal porn for your viewing pleasure. :)










:)
 
I would think it would be more wise to keep that type of info private. otherwise.. Nice collection. Is that a 20mm?
 
I don't have faith in it either, so I also invest in precious metals. However, mine are primarily brass and lead. :) I just got 3,500 pieces of my precious metal from UPS the other day...
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My wife is into collecting gold.....and diamonds!:D
 
I've collected some silver in the past. Did ok, not great. Feels like fair to high price at $19+ right now. I am originally from ohio. Not sure if this is still the case, but no sales tax on investment coin and bullion. Still amazed that other states charge sales tax on what is essentially money...
 
We have invested in light metals...aluminum and magnesium with some worthless plastic attached.
 
HighFlyingA380 said:
I don't have faith in it either, so I also invest in precious metals. However, mine are primarily brass and lead. :) I just got 3,500 pieces of my precious metal from UPS the other day...
DSCN0118.JPG
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Just curious , how much does 3500 of those things weigh ?
Those look like 30.30 or similar to it ,not very light .
 
How you going to make change trading chunks of gold? Ammo is good, just don't really need that much. Alcohol is the best to barter with. Forget storing the stuff I keep meaning to get a whiskey still. Chickens and a garden would be a good hedge as well.
 
ClimbnSink said:
How you going to make change trading chunks of gold? Ammo is good, just don't really need that much. Alcohol is the best to barter with. Forget storing the stuff I keep meaning to get a whiskey still. Chickens and a garden would be a good hedge as well.
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If you're talking Mad Max world, all bets are off. There's no telling what will be valuable. :dunno:

I have fractional's. And 'junk' silver. Pre-1964 stuff. And I have plenty of bullets and beans stocked up. I'm not a 'prepper' by definition, but I would like to move towards more self sustainability.

I try to hover around 10% of my net worth in physical metal. I'm still playing the yield and growth game in the stock market.
 
How about silver bullets, kemosabe?
 
Best barter good post-Apocalypse?

TP
 
OPM = Other People's Money?

txflyer said:
I've been stacking for years. Everything. Ag, Au, Pt, palladium, rhodium, you name it.

I don't have faith in the fiat dollar. It's a promise. A very highly leveraged promise at present. The next big crash could make all the previous one's look like tiddly-winks.

Here's some heavy metal porn for your viewing pleasure. :)










:)
Click to expand...
 
I just can't imagine getting into gold now. Look at the price graph; does this look like the time to jump in? In fact, how does its stability compare to the US dollar over time?
 
Let'sgoflying! said:
I just can't imagine getting into gold now. Look at the price graph; does this look like the time to jump in? In fact, how does its stability compare to the US dollar over time?
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That statement shows you don't understand the reasoning behind precious metals investing. The purpose is not wealth accumulation, it is wealth preservation.

The "time to jump in" to metals is before there is a crisis that causes financial chaos...during or after is too late.
 
paflyer said:
Best barter good post-Apocalypse?

TP
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Toilet paper. It's cheap now, lasts forever, you can store a ton of it in your basement or attic, and people who run out would trade their kid for a new roll of Charmin.
 
You invest in gold and silver bars and they send it in the cheapest chinsey looking plastic bags they could find?
 
One big problem with investing in metals is that over the long term they don't _make_ money like stocks and bonds. A hunk of gold does not generate ongoing income or pay a dividend like companies can. 30 years from now, 1 oz of gold will still be worth 1 oz of gold.

If the world goes to "mad max" type of anarchism, sure gold will be good to have. Otherwise, stocks/bonds (foreign and domestic) if you don't trust the US Dollar, or the "GLD" ETF if you're really paranoid.

I guess what I'm saying is that parking your money in gold means you have "opportunity cost" of missing out on better investments.
 
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I'm not a fan of "precious metals" for wealth preservation. If/when the economy and thus society collapse, they won't do much good. You can't eat it or make tools out of it. An axe, a roll of TP, a can of soup, a bottle of booze, ect. will have much more bartering power than a truck-load of gold bars...
 
HighFlyingA380 said:
I'm not a fan of "precious metals" for wealth preservation. If/when the economy and thus society collapse, they won't do much good. You can't eat it or make tools out of it. An axe, a roll of TP, a can of soup, a bottle of booze, ect. will have much more bartering power than a truck-load of gold bars...
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And yet there has never been a time in human history when precious metals did not have value. Not true for any other good not required for absolute survival. You have to have something that can proxy for all goods and services to use as a way to barter. Google the "double coincidence of wants" to see how this all works.

The likelihood that society will collapse so badly that even barter does not happen as asymptotically close to zero. If it does then 99.9% of us will be dead anyway.
 
One of the unique things about this particular period is that the dollar is in danger of losing its status as the world's reserve currency. Although complacency makes it appear that the dollar will always be what it is now, the fact is that it probably will not. Should there be some significant changes in the world's view of the dollar, the comparison between gold and dollars may change.

Regarding the purchase of gold, it's been hovering around 1300/oz for quite a while. It was 1800/oz two years ago. I don't see any impending economic improvements around the corner which could damp the gold market. My guess, and it's nothing more than that, is that we won't see gold below 1200/oz anytime soon, and may see it substantially higher.
 
Sufficient amounts of lead held in brass cases will get you pretty much anything you need...
 
Our fiat currency is one of the oldest to date. They never last this long historically.

Men have coveted silver and gold since before recorded history.

And what was the best performing asset the past ten years? Guess ...

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Some say we're mapping out an inverse head and shoulders pattern that is going to blow the roof off when it breaks loose.

I don't buy all this 'recovery' BS. This last jobs report was the best one in 5.5 years, and the market saw right through it because 800,000 people quit looking for jobs and as such, are not even counted in the report like millions previously. 50% of America pays no federal income tax and that number is growing almost exponentially. The masses are voting for whoever promises them the most free cash and that will continue to grow... so to the guy who called me some kind of playboy... up yours!


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cowman said:
Sufficient amounts of lead held in brass cases will get you pretty much anything you need...
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VERY high risk strategy. 40% of people in the US have guns, you are not a super badass just because you have guns. If you have to get in a firefight every time you need something, your survival time will be measured in days or weeks at most.

I know you were (probably) joking, but some people actually think that way and it would end very badly for them.
 
Meh.

Today the world’s gold stock is about 170,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,750 per ounce – gold’s price as I write this – its value would be $9.6 trillion. Call this cube pile A.

Let’s now create a pile B costing an equal amount. For that, we could buy all U.S. cropland (400 million acres with output of about $200 billion annually), plus 16 Exxon Mobils (the world’s most profitable company, one earning more than $40 billion annually). After these purchases, we would have about $1 trillion left over for walking-around money (no sense feeling strapped after this buying binge). Can you imagine an investor with $9.6 trillion selecting pile A over pile B?​

Source: http://www.berkshirehathaway.com/letters/2011ltr.pdf
 
bullwinkle said:
VERY high risk strategy. 40% of people in the US have guns, you are not a super badass just because you have guns. If you have to get in a firefight every time you need something, your survival time will be measured in days or weeks at most.

I know you were (probably) joking, but some people actually think that way and it would end very badly for them.
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Mostly joking, yes.... but

If things ever got so bad that there was no fiat currency I think we're looking at a zombie apocalypse scenario, yes?

Well in that case I think your survival choices are going to be either to do it mountain man style and live somewhere very isolated, living totally off the land(which romanticism aside, would really really suck for anyone who grew up with modern conveniences) OR hook up with a group of people who share/exchange goods and services... and mostly likely have a lot of men with guns. They'll get what they want if they need it... with or without your consent.
 
Post apocalypse first one to get running hot water wins.
 
Bullwinkle gets it.

In the survival forums, those who think they can procure what they need with force are called raiders.

People who prep have defenses and raiders will be hunted down and shot on sight.
 
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