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<p>[QUOTE="superc, post: 1815384, member: 44079"]I think a mistake a lot of folks make is treating PM as a primary investment. I don't think it should be. It just is a hedge for a worst case scenario. The total global thermonuclear war scenario of my youth appears to be off the table for right now. Sure, maybe a small conflict may occur with 2 or 4 nukes hitting us here, but that is lightyears better than the old Carter and Regan era JCS war game scenarios speculating on how to cope with 2,000+ strikes getting through. So what is left as a potential worst case scenario here? Super hurricanes arriving in the midst of a super volcano eruption or an asteroid strike? One of those scenarios occurs, movement is also probably necessary and oh gee, maybe u should have also bought and loaded up with freeze dried food and a super sized ATV to carry all of your gear, weapons and PM in too. </p><p><br /></p><p>Nah, whatever catastrophe happens will probably be more like Katrina or Haiti. A regional event from which in six months time the area will recover, or at least become somewhat normalized. You will not need tons of PM on hand to survive that, and indeed having such will probably lower your survival odds if the word gets out. You may be well served, perhaps better served by having a small stock of Augmentin, 48 (2 cases) of military MREs, a good knife (cheap K-bar vs Busse?), a canteen, a few gallons of drinking water, some first aid stuff, a Glock with some ammo and maybe a small water filter and 5 gallons of gasoline and $200 in small bills, than if all you have is 10 pounds of gold coins. </p><p><br /></p><p>That being said, if you already have the other stuff and even a generator, then sure get 4 or 5 pounds of junk silver (what is it, 72 quarters to an av pound? just under 2 rolls of silver quarters to the pound, face values approximate, so maybe 4 rolls of silver dimes for the second pound, etc.) and maybe a pound of 1/10 ounce gold bullion coins. Now you are set. Before buying your first 1/2 ounce gold coin, take a college tradesman course (welding, carpentry, engine repair, etc.) instead. Or a cooking course. That course may prove more useful to getting by after armageddon, than a whole stack of 400 ounce platinum bricks buried in the rubble of what used to be your house.</p><p><br /></p><p>So my thought is if your goal is to have 200 pounds of Kruggerands or Eagles buried in your basement you aren't prepping for Armageddon. You are just speculating into a risky market with lots of peaks and valleys that don't coordinate their timing with when you need the money. Put the money in tax free municipals and apartment buildings instead, just my opinion.[/QUOTE]</p><p><br /></p>
[QUOTE="superc, post: 1815384, member: 44079"]I think a mistake a lot of folks make is treating PM as a primary investment. I don't think it should be. It just is a hedge for a worst case scenario. The total global thermonuclear war scenario of my youth appears to be off the table for right now. Sure, maybe a small conflict may occur with 2 or 4 nukes hitting us here, but that is lightyears better than the old Carter and Regan era JCS war game scenarios speculating on how to cope with 2,000+ strikes getting through. So what is left as a potential worst case scenario here? Super hurricanes arriving in the midst of a super volcano eruption or an asteroid strike? One of those scenarios occurs, movement is also probably necessary and oh gee, maybe u should have also bought and loaded up with freeze dried food and a super sized ATV to carry all of your gear, weapons and PM in too. Nah, whatever catastrophe happens will probably be more like Katrina or Haiti. A regional event from which in six months time the area will recover, or at least become somewhat normalized. You will not need tons of PM on hand to survive that, and indeed having such will probably lower your survival odds if the word gets out. You may be well served, perhaps better served by having a small stock of Augmentin, 48 (2 cases) of military MREs, a good knife (cheap K-bar vs Busse?), a canteen, a few gallons of drinking water, some first aid stuff, a Glock with some ammo and maybe a small water filter and 5 gallons of gasoline and $200 in small bills, than if all you have is 10 pounds of gold coins. That being said, if you already have the other stuff and even a generator, then sure get 4 or 5 pounds of junk silver (what is it, 72 quarters to an av pound? just under 2 rolls of silver quarters to the pound, face values approximate, so maybe 4 rolls of silver dimes for the second pound, etc.) and maybe a pound of 1/10 ounce gold bullion coins. Now you are set. Before buying your first 1/2 ounce gold coin, take a college tradesman course (welding, carpentry, engine repair, etc.) instead. Or a cooking course. That course may prove more useful to getting by after armageddon, than a whole stack of 400 ounce platinum bricks buried in the rubble of what used to be your house. So my thought is if your goal is to have 200 pounds of Kruggerands or Eagles buried in your basement you aren't prepping for Armageddon. You are just speculating into a risky market with lots of peaks and valleys that don't coordinate their timing with when you need the money. Put the money in tax free municipals and apartment buildings instead, just my opinion.[/QUOTE]
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