Let's Be honest, what can you really sell your Silver for?

Discussion in 'Bullion Investing' started by About Good, May 6, 2010.

  1. Stewart

    Stewart Searcher of the Unique

    And there is the Bottom Line of it all I think.
    A real good reason for holding PM's As a Hedge against inflation
    or possible Hyper-Inflation.

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  3. Fifty

    Fifty Master Roll Searcher

    When the SHTF me and my family can take our rifles into the store and TAKE whatever we want! I don't keep gold or silver for common goods. I keep it for when I need a doctor and he only takes hard money!
  4. chip

    chip Novice collector

    Sure silver bullets will work well against werewolves, but what good will precious metals do when hordes of Zombies roam the nation looking for brains to eat?
  5. wokeupscreamin

    wokeupscreamin Junior Member

    He also takes health insurance ;)
  6. Dimefreak

    Dimefreak Senior Member

    :D thats very funny, I could just see taking my son in to get checked with a 1/2 oz gold piece
  7. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    Gosh! I sure hope you aren't living in the USA. Apparently, you are bad luck and bring disaster wherever you go. :eek:
  8. Fifty

    Fifty Master Roll Searcher

    I'm talking about after at total civil breakdown.
  9. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    The survivalist mentality cracks me up! How long do you expect your family to live by shooting it out on a daily basis with well-armed store owners because you are out of toilet paper?:pencil: The time would be better spent preparing to defend the planet from an alien invasion.
  10. zekeguzz

    zekeguzz lmc freak

    When the times comes where the dollar is devalued there will be a ton of people stuck with a lot of paper currency. Having PM coins that are small denominations will get you that paper currency so you can pay for essentials. But then there is going to be a "Black Market' where PM's will be accepted and/or negotiated for other the essentials because they will be scarce as hen's teethe for everyone else.
    So get your PM coins NOW(bullion). It will be your only bargaining chip.
    I think maybe a gun too. It's going to get very bad when your friends can't afford what you can and you can't help them out. My father lost two houses giving people shelter that couldn't pay the rent during the Big Depression because he didn't have the heart to throw them out " in the cold". I remember going to there grocery store with my mom and butter and other things were rationed. No ration stamps= no butter and other things. You could get stamps on the black market for PM coins.
    So don't fool yourself, PM coins will give you the big hedge when you need it.
  11. fools_gold

    fools_gold Junior Member

    Well if we ever do have that scenario, I wonder if silver coins would be traded more being that it's much much more affordable. And I could see silver coins being used for daily goods....I'd think that 1 oz gold coins would be WAY too much for a loaf of bread.... heck, even those 1/10 oz would be too much!

    I would guess that the common person would try to get as many ASE's as they can or just generic rounds...

    But that's if SHTF scenario.....
  12. joey0053

    joey0053 ZERT Operator

    and wont somebody please think of the children...
  13. 900fine

    900fine doggone it people like me

    That MS70 in your avatar is the best investment you'll ever make ! :thumb: Nice work :D
  14. joey0053

    joey0053 ZERT Operator

    maybe trading a silver quarter for a loaf of bread would be reasonable
  15. Simms

    Simms Tactile History

    Gold pieces could get you special things. Sugar, coffee, cigars, bottle o single malt, chocolate, larger hunks of prime meat/deer/cow/whatever is in your neck of the woods.
  16. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Supporter

    I have discovered that. He's definitely the best thing to ever happen to me ;)
  17. andrew289

    andrew289 Senior Analyst

    Not if the store manager/clerks see you coming across the parking lot and pull their machine guns and take you out before you can even get inside.

    That would be a cool movie.
  18. Simms

    Simms Tactile History

    Kinda reminds me of the "Maximum Overdrive" movie, haha!
  19. xtronic

    xtronic Junior Member

    When my paranoid friends verbalize their theorems of when the SHTF, they end up sounding diluted. As if Charlton Heston (Omega Man reference) and them are the only ones with Guns and are not afraid to use it! These theories are from MOVIES, not reality.

    Read some of the stories about those that lived in Zimbabwe recently or your grandparent/parent during the "Great Depression".

    That is reality. All my response was meant to do is point out is that there are real life examples of the reasons to or not to gather PM. No reason to make up a fear/fantasy story.
  20. Gordon Shumway

    Gordon Shumway Junior Member

    The way I see it, jobs are the result of companies having money to spend on human resources. When the money stops flowing in (people stop spending), companies will be forced to lay off and get leaner. Fewer employed = fewer people spending. If you look at the move off of the gold standard in 1971 + the introduction of the 401k, you have a stock market that goes up with 401k adoption by baby boomers and a money machine to feed it. The result is 30 years of people's investments going up, up, up and the saving rate going from 15% down to negative something in 2007. When the stock market dropped in 2008, it was predicted that 401k money would cushion the fall at 6200. Dead on accurate prediction. What will happen to this driver of spending instead of saving that has pushed our economy along for the last 30 years when the baby boomers decide they want to cash out their 401k accounts and hang it up? If you were a boomer and decided that you would just work a few more years because your retirement account isn't looking so good, you might get caught up in a retirement panic. Especially if the notion takes hold that if you wait, your retirement savings won't be what they would be if you took them today? Just wait people... the end is nigh.
  21. Info Sponge

    Info Sponge Junior Member

    You could cash your silver in at a precious metals dealer in a neighboring country, in exchange for that country's paper money. Ex-Yugoslavia survived on Deutschemarks during their hyperinflation, and Zimbabweans used dollars and rand as their medium of exchange.
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