Best precious metal to invest in?

I'm not an expert on the tulip bulb episode, but everything I've read about it called it a bubble and it meets my personal definition. I don't think the bulbs had much economic value. It was only consumer demand - rising in price because it is rising in price. It would be the same as if IPad demand grew so high that they were trading for more than the price of a house. It's very subjective to define these things.

 

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A) Guns [Check - Lots!]
B) Ammo [Check - More than I can carry with two vehicles and a trailer]
C) A can opener for all the canned goods left behind [Check]
D) A reasonable amount of non-perishable food [Check]
E) Water [Check]
F) Gasoline [Check]
G) Propane [Check]
H) Knowledge of how to grow my own food [Check]
I) Knowelege of how to harvest game animals [Check]
J) Many other preparedness essentials [Check]

What now? I suppose some precious metals might be prudent...

From an investment standpoint, it would be silly to dump everything into precious metals.

From a preparedness standpoint, it would be foolish to rely only on precious metals.

Why do people seem to assume that if a person is buying precious metals for whatever reason that they're doing so to the exclusion of everything else?

 

I and others on the forum preach the same thing. The answer to your third part is that because many members readily admit it. Of course we don't know if a member is actually responsible for the future welfare of his family or a very young person with $300 total investment in 90% silver. No investment advice fits all 100% except maybe ~ do the best you can for your situation.

 

I don't know about you but I know how to grow food and hunt, so if you come and try to offer me gold and silver for my food that I can't spend anywhere else and I can't eat it, I'm going to turn you around to go some place else. Because during such apocalypse when there's no governments and rule over the people, gold and silver or precious metals will be worthless to me, unless of course there's werewolves, I'll maybe trade some food for some silver to make bullets.

 

I have been told, but cannot confirm because I wasn't there, that people with PMs in Japan after World War II went hungry. There was a lot of gold and silver for sale, but few people would accept it because it had no utility under those conditions. Soap and cigaretts became the primary form of money until the economy started to revive.

 

Booze, bandaids, and a dog?

 

[Check] [Check] [Check]

 

Gold seems safest, historically. And don't bother listening to people preparing for the end times since it has nothing to do with sane people.

 

Palladium! It would sound cooler when you told people you invest in bullion. "Yea I own a couple bars of palladium"

 

What about those exotic metals with various high tech uses?

 

How easy do you think it would be to sell them in times of economic distress, which is probably when you would want to do this?

 

Why would that be the only time one would sell PMs? People sell them every day, economy up or down. You doomsdayers are killing me.

 

End times? As in the Apocalypse? Gimme a break...

Should the US economy collapse, believe it or not, the world will go on.

 

He was referring to exotic metals. Metals whose demand is usually high end products, the same products not terribly in demand during an economic downturn.

Exotic metals do not have the liquidity that gold and silver does, and if rushed to try to sell, especially when demand is low, you can take a killing on the sales price. Not exactly the ideal situation.

Cloud was not talking about PM like gold or silver. He is about the furthest from a doomsdayer on this board that there is.

 

Just the opposite. But to me the most important thing to think about when making an investment is to figure out how it will be sold under a variety of economic circumstances. Gold can probably be sold 99% of the time in short order. Exotic metals can probably only be sold under ideal market conditions, unless the seller is willing to accept a steep discount.

 

I don't buy gold for the simple reason that I can't afford it. I try to buy anywhere from $30 to $100 worth of precious metals every month. I suppose I might be able to buy 1 gram of gold occasionally. But I like to buy from eBay and I sort of get a thrill from bidding on hundreds of auctions. I usually only win about 1 out of 100 that I bid on, but that is how to make sure I'm getting a good deal. So I end up buying several bars or coins over the course of the month usually ranging anywhere from $2 to $10 a piece in value. With Gold it would be one purchase per month, one gram of gold. Kind of boring.

That being said, I spend about 80% of my investment money on Silver. The rest goes into a variety of metals including copper, nickel, neobium, and titanium.

 

Silver all the way.

 

I'd be willing to bet people that got stuck in the middle of a war like the Jews and other ppl the nazis didn't like that were put into ghettos and then gassed...not saying that's gonna happen again...but it's good to know what's going on and not simply rule out such things happening
as for whether The SHTF is gonna happen...idk...but I'd not just simply store away gold/silver without also having a good month's worth of food/water in my basement...it's just common sense...natural disasters happen and I'm one of the people that ends up feeding ppl in those cases...not the one standing in line hoping for help...

 

Lithium, if the Chinese let you.

 

i like the way silver looks. its cheaper then gold and is used more its even used in mirrors. im just getting into silver im got one silver eagle and thats it so far


are the $2.00 coin silver? or is it just some none silver coin
i wonder what would happen if one day you accidently won all hundred auctions you were bidding on i try not to bid on more then 2 or 4 at a time just in case