Posted on 08/05/2015 3:47:11 PM PDT by Kartographer
Sending this to all you preppers':
First I got a FReep Mail today tell me that a fellow prepper went to the bank today to get some cash to have on hand mostly one's and quaters (This I recommend) the small the denomnations you us the less like someone is to rob you. It took the bank a good while to gather up the ones that they wanted, it turns out the banks are keeping only limited amounts of cash on hand.
The second Freep mail I go was asking about buying and keeping silver on hand for SHTF. I have only small experence with metals (Other that lead and brass)so I am puting their questions out to you.
Many preppers are buying silver and the price is now affordable for me-would you post my question to the group?
What are the best kinds to get?
I was thinking of mixing it up with a combination of 1oz bars & junk silver, but I’m not sure if this is the right thing to do.
Funny thing I have used my prepper funds to buy thing to keep me and mine alive. I do have some trade goods, but very little in metals, but to show just how FReepers are equal opertunity 'bitchers' I have got a number of down right nasty post and Freep mail some accusing of being a Gold bug metals troll and I've gotten e-mails from gold bugs because I push preps over metal! Go figure!!
1. It is a very popular coin with a good market, hence it's quite liquid on the global market.
2. Nations stand behind their Sovereign coins, and this is America's Sovereign coin. It is stamped 1 oz and if uncirculated that is what you have - no need to calculate anything regarding various %. These are always an oz. of Silver.
3. Knowing this, I believe that many people would more likely trust this coin over a silver bar.
4. Coins have a collectability factor that bars do not - Collectables are sometimes exempted from confiscation.
5. It is beautiful. Lady Liberty walking on one side and the Eagle on the reverse side, with 13 stars representing the original colonies.
In it's talons, the eagle is holding an olive branch in the one and a bundle of arrows in the other. Representing our desire for peace, and our military power should we need to use it.
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How did I question their value?
You’re not making any sense at all.
My grandfather was a Great Depression doctor, and took all manner of items: even stuffed animals, revolvers, and typewriters!
I am truly asking: I’m not sure what you want me to read more carefully. I read your statement most carefully, and I do not understand a lot about some to the “high finance” issues.
Based on what you wrote, I really do not know if she made up the money electronically under silver holdings or whatever, or if there is actual counterfeit money out there which she had created, pretending to be silver.
I understand that I am exposing my ignorance here, but I thought that is what the forum was about: talking things over and educating each other.
You dangled this bit of info out there asking if we had heard about Janet Yellen’s action. I had not, so therefore I asked.
I am asking Junk Silver to view my post 144 in which I made a reply to editor-surveyor thinking he/she was the originator of the startling statement made by Junk Silver that Janet Yellen was “quantitatively easing” silver.
In this case, editor-surveyor does have a point: I did not read carefully in post 135, who addressed me. I thought it was Junk Silver chastising me, when it was editor-surveyor who admonished me to read more carefully. Even now, I’m not sure what editor-surveyor wants me to read more carefully. I read Junk Silver’s post most carefully.
I thought this forum was for the purpose of discussing matters, and educating each other.
Junk Silver had dangled the question if we had heard of Janet Yellen’s actions with Silver quantitative easing. I had not. Based on what was written by Junk Silver, I did not understand in what form a PM, silver, could be “quantitatively eased.” Does it take the form of out and out counterfeit metals, or is it some kind of book cooking? It was not clear to me. In either case, I would like to understand more about the concept. I am just not seeing how a PM could be “quantitatively eased.”
How about it, either one of you? Are either of you willing to kindly (and hopefully gently) bring some of us lesser beings along?
I apologize for any confusion created by my post. Humor does not always translate well on-line. After my question about the hypothetical “Quantitative Easing” of silver coins I added the disclaimer- “No - you didn’t!”
My point was that precious metals will always win out over fiat currencies in the long run because of the irresistible temptation to print more money. In recent years the Federal Reserve has conjured up billions of dollars through various forms of financial trickery. In all that time I am quite certain that they have not brought into existence so much as one gram of actual silver.
Nice post, greeneyes. Your summary more than covers the reasons I decided on silver.
Oh my! LOL! No apology necessary!
ROFL! I really bit down on that one, didn’t I!
:-D
And thank you for clarifying your point. It is well made... and now I can see the humor of your statement!
(Some of us take longer to catch on to things, you know!)
War nickels are a very questionable choice for the replacement of cash, since they will be recognized by such a small sliver of the public.
I wasn’t saying that they are unobtainable like junk silver and philharmonics are becoming, now that so many people recognize the inevitable problem.
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More coffee!
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LOL! Exactly!
Thanks Mich.
I asked for some dollar coins today and they could not get rid of them to me fast enough!
Mercury dimes.
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