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Preppers' Ping Silver and cash
8/5/15
Posted on 08/05/2015 3:47:11 PM PDT by Kartographer
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To: Teflonic
I like dimes. Those minted in 1964 or earlier are 90% silver and you can pack more in a small volume than any other denomination of coinage.
FYI. There has been some criticism of circulation wear on dimes. I have also loaded up on
War Nickels. They are easily identified by the mint mark above Monticello.
61
posted on
08/05/2015 5:23:09 PM PDT
by
PA Engineer
(Liberate America from the Occupation Media. #2ndAmendmentMatters)
To: wrench
The tablets are the preferred mode of storage, but heavy paper bags of powder are easily stored in wood boxes or drawers.
It can also be obtained in PVC canisters.
62
posted on
08/05/2015 5:24:23 PM PDT
by
editor-surveyor
(Freepers: Not as smart as I'd hoped they'd be)
To: ChildOfThe60s
“Ive been getting various rounds rather than bars, for no particular reason, I just like them more.”
I've only bought coins, US Eagles at that, because in a SHTF scenario, the common rabble will likely understand and trust minted coins far more than bars. When the chips are down, you don't want to be dependent on something questionable or suspected by the very people you're bartering with. Just MHO.
63
posted on
08/05/2015 5:24:38 PM PDT
by
IAMNO1
(Enough with the divisions. Lets get somebody in there who'll fix this mess.)
To: wrench
Keep you "buy" paperwork to prove they're authentic.
And depending on just how bad things are when you "liquidate" them, you can always "sell" them back to the company that you bought them from.
64
posted on
08/05/2015 5:26:01 PM PDT
by
Yosemitest
(It's Simple ! Fight, ... or Die !)
To: editor-surveyor
Most pawn shops will give you the current “sell value” per ounce on the stock market in cash.
65
posted on
08/05/2015 5:28:09 PM PDT
by
Yosemitest
(It's Simple ! Fight, ... or Die !)
To: silverleaf
You think youre gonna hold off roving hoards of sociopaths who now shoot you for looking at them..... when the ebt cards dont work, the water runs out, the food runs out, the looted electronics dont even work anymore
No problem. We are going to send them to your place first.
66
posted on
08/05/2015 5:29:49 PM PDT
by
PA Engineer
(Liberate America from the Occupation Media. #2ndAmendmentMatters)
To: editor-surveyor
My recollection was a problem from buildup of chlorine gas in humid conditions, and a huge corrosion problem with anything metal anywhere near where the solid stuff was kept.
Totally solved going to sealed drums of bleach. Of course, the liquid takes up much more space, and is very heavy in comparison.
67
posted on
08/05/2015 5:30:53 PM PDT
by
wrench
To: Marcella
Hoarding change is not a bad thing . . .
68
posted on
08/05/2015 5:31:00 PM PDT
by
FreedomPoster
(Islam delenda est)
To: sten
Imagine you were going to keep junk silver dimes and 0.1 ounce gold coins [I see individual one-ounce gold coins at $1,000 as far less spendable than the already expensive 0.1 ounce coins].
Spot price on the gold is currently about $105 to $110, and on the silver is about $1.05 to $1.10.
Essentially, that means you’re holding metal with the value of dollars and hundreds.
Any thoughts on what ratio of the two someone should hold?
69
posted on
08/05/2015 5:32:56 PM PDT
by
Pollster1
("Shall not be infringed" is unambiguous.)
To: hardspunned
That, and the weapons that will fire the most readily available, and cheapest ammo, the 7.62x39 .
70
posted on
08/05/2015 5:33:01 PM PDT
by
Yosemitest
(It's Simple ! Fight, ... or Die !)
To: Marcella
Never limit yourself - use every means available to you now as you prepare, so you have as many options as possible to live through a tough time.
I agree with you. Cash will be king for some time. Metals are a store of wealth and "may" be used for exchange. The only problem with cash is in a hyper-inflationary period. You will still need cash, however FerFal pointed out that it was a dance back and forth between different currencies and metals. Cash was still the method of exchange.
In before the You Can't Eat Cash (YCEC) people.
71
posted on
08/05/2015 5:33:50 PM PDT
by
PA Engineer
(Liberate America from the Occupation Media. #2ndAmendmentMatters)
To: Kartographer
Hubby’s late uncle went through the Great Depression. He was a firm believer in having silver, of any type. Not only can it be traded for goods it also can be used in manufacturing.
What does anyone think about buying jewelry making silver? Wire, sheets, etc.?
72
posted on
08/05/2015 5:34:37 PM PDT
by
Roos_Girl
(The world is full of educated derelicts. - Calvin Coolidge)
To: Yosemitest
Paperwork is easily forged, and not worth the paper it is on in a real emergency.
For estate planning, it is workable, in a SHTF situation, not so much.
Even today, if you wanted to trade your “papered” bars, you would need to sell it to your dealer, and use the cash to make your purchase. Few folks would take it .
73
posted on
08/05/2015 5:35:21 PM PDT
by
wrench
To: Yosemitest
The whole purpose of precious metals is for the coming abandonment of cash by US banks.
“Cash” is no solution at all.
74
posted on
08/05/2015 5:39:35 PM PDT
by
editor-surveyor
(Freepers: Not as smart as I'd hoped they'd be)
To: wrench
Not sure, but isnt that somewhat dangerous to store and handle?
It is. I store mine in canning jars with plastic lids (wax seal).
I have a bleach injector and holding tank for the well. Dry hypochlorite will outgas and corrode anything around it if not properly stored.
75
posted on
08/05/2015 5:39:40 PM PDT
by
PA Engineer
(Liberate America from the Occupation Media. #2ndAmendmentMatters)
To: IAMNO1
Which I have also considered.
The reality is, we don’t know what people are going to think or do in that sort of crunch. Because we are now seriously considering a world wide version of what could be anarchy. Kosovo gone global. You could be a tribal king with sufficient stores of toilet paper for all we know. That’s assuming you could protect those stores.
I’m re-reading the classic apocalyptic “Lucifer’s Hammer” at the moment. Lot of very hard choices will have to be made.
76
posted on
08/05/2015 5:41:49 PM PDT
by
ChildOfThe60s
(If you can remember the 60s, you weren't really there....)
To: Yosemitest
I tend to prefer (slightly) the coins (actually 'rounds') to the bars. The rounds seem to to be more elaborately, ornamentally, engraved, which I believe gives them a little more credibility.
Also, government-minted "coins" often cost only slightly more and, because governments tend to be aggressive about locating and prosecuting counterfeiters, they receive the highest degree of trust.
I became aware of the metals vendor "Gainesville Coins" when I read many 5-star reviews from their satisfied customers. I have no trouble recommending them.
I do believe, however, that secure storage of metals and the, IMHO, high potential for government confiscation, should cause the prepper to consider other ways to store the value of their money. (As an example of thinking out-of-the-box sometimes I think the best investment for difficult times is to buy a tow truck.)
77
posted on
08/05/2015 5:42:08 PM PDT
by
The Duke
(Azealia Banks)
To: Zeneta
No, but I have an idea for a tool that can cut them.
Here is something portable you can
make change with.
78
posted on
08/05/2015 5:42:27 PM PDT
by
PA Engineer
(Liberate America from the Occupation Media. #2ndAmendmentMatters)
To: Kartographer
I like “junk” silver. I have purchased from http://www.apmex.com with no problems. Don’t know how their prices compare but you get free shipping over $99. I pick up a roll of dimes off and on, though their premium over spot price looks like it is up lately.
They have fractional gold and 10, 50, 100 gram ‘sheets’ of silver and gold (Swiss made) made so that one gram pieces can be broken off easily.
79
posted on
08/05/2015 5:43:48 PM PDT
by
dynachrome
(We have multiplied our possessions, but reduced our values.)
To: hardspunned
When WTSHTF big time, ammunition will be the new coin of the realm. Im investing accordingly.
I've been doing the same for years. I haven't learned to quit putting them in the canoe when I row across the lake. We always capsize for some reason.
80
posted on
08/05/2015 5:50:11 PM PDT
by
jy8z
(When push comes disguised as nudge, I do not budge.)
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