is silver for preserving wealth?

I am one who believes that silver as well as all commodities in general will store some type of value in every possible economic scenario. So in that respect silver will always preserve some wealth.

 

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I agree. Gold and silver served as a store of value through the Dark Ages and Black Death. Unless all economic activity ceases, which is highly unlikely, the metals will continue to perform that function. Gold and silver were very good investments 5 to 10 years ago. Even at current prices, they are still pretty good speculations in my opinion.

 

Did anyone see the Antiques Roadshow segment where someone had a real civil war Henry Rifle?
There were only 14,000 made. This one was missing a couple of parts and the value was $4,000 to $5,000

 

If times get really tough are people really gonna pay thousands of dollars for an old gun or $300 at the local pawn shop?

To me anything that costs much higher than what its bullion value is seems like a bad idea if you think times are going to get much worse. Is someone really gonna pay 10x over spot for an old coin or are they gonna pay spot for its bullion value? Again, I am talking about if our economy fails then I do not see people paying for anything antique because how is it going to benefit them in the current situation.

I guess it all depends on how optimistic or pessimistic you are ....

 

I'm a silver investor and I'm firmly in the same boat as the GDJMSP. Should the apocolypse occure our metal will only be good so long as there is still some semblance of a Gov't, after that it's a good thing gold is so maliable because you may need to beat it down thin enough to make toilet paper.

As I've stated before my PM holdings are for long term investment and colection purposes only. My bullets and beans are for the end of the world.

 

Good thing I collect matchbooks too. One must diversify their collecting interests now for life after civilization.

 

Good grief. What do you guys expect to really happen? With all those guns, you can shoot other people for food. With the way some people talk, we could have had an all out nuclear war with the Soviets with less drama involved.

Calm down.

 

While it is certainly possible for a SHTF scenario to happen in the U.S., I do not think that we will have a SHTF scenario in the U.S. Not very likely IMO. I do not want a SHTF scenario to happen in the U.S. A SHTF scenario is bad for everybody regardless of how much gold and silver they have.

 

One heck of a good point. I always wondered when people talked about government collapsing, etc why they would want gold or silver? What the heck do you want those commodities for? Yes, you would want guns, but also seeds, water purifier, flour, etc. People talk that gold and silver are "money". No they aren't, they are a scarce commodity that has been used as a means of easy exchange. People should read about real hard times sometimes and see how little gold and silver are valued then.

Yes, gold and silver aer inflation hedges. That is during civilized times. I agree with 99% certainty that this is what we will experience, but anyone who really thinks the country is collapsing is inversting in the wrong thing if you buy silver.

 

Zimbabwe Hyperinflation - Gold for Bread

Those who doubt the value of Gold or Silver in the event of a currency collapse go to you-tube and type in Zimbabwe Hyperinflation then view the Gold for Bread video.It will forever change your view on the value of precious metals during an economic crisis.

 

No offense to Zimbabwe, but the individuals were using panned river gold to exchange for bread @ 0.1 gram per loaf, that works out to under $4 per loaf. Expensive perhaps, but when one considers that it can be obtained from the environment, that seems reasonable. However, the gold can still be redeemed for dollars, guilders, pounds,pesos, whatever monetary paper, because the whole world is not in the same dire condition. If all of the currencies were to collapse like Zimbabwe, you would have a good case. However here is a more up to date scenario. Whether it will happen or not is problematic, but it would be very interesting to see.