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<p>[QUOTE="1865King, post: 7576804, member: 103207"]When the big sellers are selling gold and silver common bullion coins for a ridiculously high price over spot you will be screwed in the long run. If your concerned that the economy will collapse and it most likely will at some time in the future. However, it's hard to predict what effect it will have on the general population. If you want some gold and silver as back up money if everything goes to hell I'm with you. However, I wouldn't want $100,000.00 in gold and silver as mad money but, $10,000.00 is a realistic number. But it's not a deal at the prices today. Probably you could get a reasonable deal on junk silver. Keep in mind that if the economy goes to hell your cash will still be good in the short term. So having $5,000.00 to $10,000.00 in cash available would be smart but, unfortunately it won't do you any good if it's in your bank account. When shit hits the fan the banks could be closed. This has happened before. Put your back up cash in a safe place and that's not the bank if you need it quick. Use your cash as long as you can then switch to gold and silver coins as a means of barter. What I am describing is the worst case scenario. Like after WW 1 in Germany and in the US after 1929. Things went really bad. Talk to people that lived through it. They would be in their nineties but, there are enough of them left that could give you an idea of what it was like. If you think it can't happen today you are very wrong.[/QUOTE]</p><p><br /></p>
[QUOTE="1865King, post: 7576804, member: 103207"]When the big sellers are selling gold and silver common bullion coins for a ridiculously high price over spot you will be screwed in the long run. If your concerned that the economy will collapse and it most likely will at some time in the future. However, it's hard to predict what effect it will have on the general population. If you want some gold and silver as back up money if everything goes to hell I'm with you. However, I wouldn't want $100,000.00 in gold and silver as mad money but, $10,000.00 is a realistic number. But it's not a deal at the prices today. Probably you could get a reasonable deal on junk silver. Keep in mind that if the economy goes to hell your cash will still be good in the short term. So having $5,000.00 to $10,000.00 in cash available would be smart but, unfortunately it won't do you any good if it's in your bank account. When shit hits the fan the banks could be closed. This has happened before. Put your back up cash in a safe place and that's not the bank if you need it quick. Use your cash as long as you can then switch to gold and silver coins as a means of barter. What I am describing is the worst case scenario. Like after WW 1 in Germany and in the US after 1929. Things went really bad. Talk to people that lived through it. They would be in their nineties but, there are enough of them left that could give you an idea of what it was like. If you think it can't happen today you are very wrong.[/QUOTE]
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