Posted on 09/22/2009 8:51:15 AM PDT by h20skier66
Why don’t people consider industrial metals instead of gold? For example, nickel “rounds” used by electroplaters.
At today’s spot price of $7.58/lb., my .7 oz nickel rounds are worth about $.33 each.
You could do the same thing with copper wire.
Gold is more portable wealth, but the industrial metals are easier to use for small trades.
BTW, ref my post on using industrial metals instead of gold, I have seen some suspicious activity at scrap dealer yards that look like money laundering for drug dealers. No scrutiny by the Feds.
With all the guns and ammo buried here, they'll never find the gold. Ha!
In a (for lack of better words) breakdown of society scenario, there won't be much industry around to need "industrial metals".
You can hide some of your gold in my yard.
8-)
you don’t have to buy a 400oz bar (standard bar size in the movies)... you can get the bars of varying sizes. from as small as 1 gram.
some people swear by the coins, others like bars. for smaller then 1 oz, you’d prolly be getting bars.
do yourself a favor and shop around before buying. also investigate who you’re going to deal with.
you could also get other types of metals. silver has had a fairly good run recently as well. and it costs about $17 per ounce.
some links that might be useful:
monex: http://monex.com
24 hr gold price: http://www.kitco.com/charts/popup/au24hr3day.html
Pre 1982 (I think) pennies. All copper.
Might be handy some day.
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