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!!
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.
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.
Most pawn shops will give you the current “sell value” per ounce on the stock market in cash.
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.
Hoarding change is not a bad thing . . .
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?
That, and the weapons that will fire the most readily available, and cheapest ammo, the 7.62x39 .
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.?
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 .
The whole purpose of precious metals is for the coming abandonment of cash by US banks.
“Cash” is no solution at all.
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.
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.)
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.
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