Posted on 07/11/2011 9:20:25 AM PDT by Kaslin
Gold as Silver are a ways down the list of what you should be buying.
Food & ammo are probably first.
Then some silver,
then dirt measured in acreage,
then gold,
then repeat the list.
With the country still experiencing deflation and a bubble in gold and silver, that (your reason for buying the stuff) would be mainly being misinformed.
“still experiencing deflation”
On what planet?
A good list. Also just my opinion but if we have an economic collapse the numismatic value of coins is going to go bye bye. We are into junk silver and fractional gold.
Yeah, I don’t give a fig for numismatic value.
Pre-65 (junk) US coins have the intrinsic value of a knowable and easily recognizable silver content.
If you click on my home page there is an article I wrote on buying gold and silver there.
I have no connection with any firm mentioned in the article, it’s just what I’ve learned.
I agree with others who say that you are better off buying food and ammo at this point. But, if you’ve got of all that taken care of then PMs are still a better bet than most paper assets.
If a 401k is based on US currency is going to be worthless(or seized) any way, what's the point in still contributing to it?
That whole survival thing is going to be so foreign to most people that most won’t be able to prepare, let alone persevere. Survival will depend on alot of intangibles. Food, water and medicine will be priceless. And, without a doubt, firearms, ammunition and the absolute willingness to use them at the drop of a hat will be necessary to survive. I gotta get me some sandbags!
Second to food and ammo should be household essentials such as toilet paper, soap, paper towels, pain relievers, first aid supplies, prescriptions drugs (including insulin for those who are diabetic), plastic garbage bags, etc.
These will be just as much in demand when the grocery stores don’t get deliveries.
“With the country still experiencing deflation...”
Say what???
Agreed.
I paid $4.88 for a gallon yesterday,
not not gas.
Milk.
Didn’t seem like deflation to me...
bump
He is right about jewelry having a large spread. However, in the event of a complete breakdown, as in Argentina recently, barterers prefer jewelry and will only give a 14k value, even if the gold is supposedly 24k.
At the moment, we have a mix of deflation and inflation, in different parts of the economy. We have deflation in housing, bank assets, and labor, but we have inflation in commodities, such as oil, food. If we stay in the Obama Depression, we can expect commodity prices to also deflate eventually. OTOH, if the economy recovers, we may get inflation everywhere.
That’s what I’ve been trying to get when possible. I haven’t really bought much; but I do know that even many old coins can still be used (spent). Not all, but many!
No, no you see Ipods, tablets, CPUs, flat screen TVs and houses are declining year-to-year so it doesn’t matter what daily supplies like groceries and energy are doing, they’re irrelevant. Yeah, that’s it it’s Deflation, see?
For awhile we were going to the bank and buying boxes of half dollars. Then we would take them home and sift through and pull out all the pre 1965 and also the pre 1970 half dollars. Then we re rolled the others and turned them back in. We were actually making out like bandits for awhile then as time went on we would find less and less so I guess a lot of people started doing it. We finally gave it up as it was no longer worth our while.
I’m interested in junk silver coin (pre-1964). Any good suggestions on where to purchase? I’m thinking bags of quarters or half dollars would be the best.
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