Real estate.
Farm land.
Bonds.
Rosland capitol
?
Goldbug ping.
I have used Blanchard & Co. out of Loiusiana in the past. I was pleased with the service and time to delivery.
Buy “junk” silver. This is circulated U.S. sliver coins minted before the silver was sandwiched with copper.
It is the least expensive way to go and you can still use them as money, if necessary.
A bag of face value $1000 junk silver will cost you $16,580.00 at Affordable Jewelry & Precious Metals in Portland, OR (ajpm.com). Or you can sort through your pocket change religiously, which some people do.
Just my .02.
Spread out your choices. 1 oz rounds are good but try getting change for them. Buy some Rounds and then buy some “Junk” Silver... they are the 90% quarters and dimes. They usually come in $500 and $1,000 face bags. You can use them in smaller quantities and not need change.
Find a local coin shop, get to know the people there. You’ll save on shipping, and you’ll pick up the rhythms of the metals market through conversation and observation.
I like dimes and a variety of 1 oz silver rounds. The Perth Mint makes some beautiful coins.
Better to buy lead.
Whatever you decide, buy the stuff on Monday as Silver just crossed a major resistance level ($20.60) and is set now to potentially outperform gold, which is already kicking the stock market’s butt this year (reversion to the mean as the reverse was true last year).
I would not touch the stock market. Even if we do not have a crash for a while, the fact that the market has done exceedingly well the last few years is setting itself up for underperforming. Too many people are bullish on the stock market, which is a sign of a top, just as too many people (especially at the end of 2013) are bearish on the precious metals, a sign of a big breakout (contrarian signals).
Try www.apmex.com They have a good selection on-line and you do not have to speak to an “advisor.” You just fill up your cart and check-out.
If you want silver, try to get the best price per ounce that you can, and not pay too much premium for fancy grading, or packaging. In my opinion, the only exception to that rule and the smart play is 1 oz American Eagles, various dates. Fractional silver coins have too much of a premium for my taste.
I like Gold coins too, but I don’t know if walking around, post collapse, with a $1,500 coin in my pocket to go buy some milk and bread is a smart play.
Prepper interest??
1k? Don’t worry — just buy something. I like having a small bucket of junk silver. Consider it a long term investment and don’t sweat the premiums. Keep it in your desk draw where you can quickly access it and let it run through your fingers.
One important warning; kids think it is just regular money and will steal it and buy candy. Not that I would know this.
Northwest Territorial Mint has a great selection of fractional silver coins and bars. They take forever to deliver though.
reputable pawn shop. i bt 1k year ago
I have purchased through Kitco (kitco.com) several times. Good reputation and reliable.
I can offer no sage advice on silver vs land or such. I believe that a few hundred ounces of silver is a wise move if you have the discretionary income to spare.
But...if you can afford to buy some silver, then I honestly believe you should go to Sams or the grocery store and buy $500 worth of canned veggies, meats, potatoes and beans. Then buy several 36 packs of TP, a couple dozen rolls of aluminum foil, a couple dozen toothbrushes and dental floss and a dozen or two tubes of toothpaste. A couple dozen bars of bath soap. Everything I’ve listed you will use regardless of what happens in the future. So you can’t lose and have a lot to gain from having these things around. It’s not that much money.
ALL families should have 2 good firearms and 500 rounds of ammo for each.
Long answer for a short question.
They are the single most trusted silver medium in the world.
Ingots from a reputable mint/assayer are also well trusted, but it does depend on the mint/assayer.
Stay far, far away from anything purported to be Asian as they are proven to be fakes in most cases. The real stuff is out there, but why take the chance?
You will pay a slight premium for Silver Eagle coins, but you'll also be buying almost universal trust and "re-saleability".
Ironically, some of the best deals I've gotten have been off Ebay.
Expect to pay 2-4 dollars above spot, but find the Free Shipping ones and you'll do okay. Look for specials and deals for first time buyers.
Also, if you can find Junk Silver at reasonable prices, snatch up as much of it as you can.
Go here: www.coinflation.com, and you will find more information than you ever really wanted to see.
I have made a lot of money in silver and my father made his life's fortune in it, but there was a hell of a lot of luck involved in that.
My father was able to take advantage of the Hunt brothers fiasco, years ago, and made a hell of a killing.
I don't think that's possible at this time, barring an apocalyptic scenario of some sort, in which case, gold will be the go-to metal.
All of the above is my personal opinions and beliefs.
Your mileage may vary.
In re-reading your question. Your plan works if you’re trying to keep it under $1,000. Silver Rounds and if you can buy either 1/10ths and such will suffice. If you can find a local dealer that will sell you “junk” without buying the Bags will work as well. Silver gets very volatile due to “external” forces (read manipulation) so, don’t pay attention to the day to day gyrations and after hour shenanigans.