Replies

I FINALLY convinced my parents and bro to start buying physical. WHEW ! I hope every Freeper stashes some with their food and ammo.

My family still has their heads in the sand. I talked about it, telling them it's a good insurance policy, etc. They think the U.S. will always be the same and never change (I guess they don't see the changes happening before their very eyes). My mother especially should know better, since she grew up under Mussolini. She should know how fast a country can change for the worst. She's been comfortable and complacent for too many years, I guess.

Well, I warned 'em and will continue to do so. I'll have met my self-imposed obligation and if/when TSHTF, I won't feel obligated to take them in.

BTW, what kind of silver do you recommend? I wasn't sure, so I hedged bets there as well. Mainly ASEs, because they'll be recognizable and backed by the gov, as long as it is still in place. Some Maples - they are pretty ;) And some generic, because at some point everyone will recognize the major private mints and silver will just be silver and the value will come from that. That's my thinking, anyway. What do you think?

My recommendation is, obviously, just an opinion but I think the most logical. I buy 3 different categories.

1. 90% silver "junk" silver. (i.e. U.S. dimes, quarters and halves struck prior to 1965)
They are small demoninations and universally recognized.

2. Generic 'rounds' in the one ounce size. Also a somewhat small denomination. Easily useable as barter should things come to that.

3. 10 ounce bars. (more compact yet still not as unwieldy in trade as one ounce of gold, yet large enough for 'investment' size after the inevitable price jump)

All of the above are priced very close to spot (low premium) . Numismatic value is a no-no IMHO unless you are a true collector and have survival bases covered.

Just my thoughts. OH ! And always take physical delivery. Don't trust paper silver. There are still a lot of 'leasing' shennanigans going on.

Nam Vet