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To: Steely Tom

Silver is about $14.50/oz right now.

Some junk silver or peace cartwheels would be cheap insurance. At least silver can be used to buy or barter.

Could somebody explain how gold would be used to buy necessities? No comparisons with 1923 Germany; IIRC Germans with gold exchanged it for hard currencies like Swiss francs which they then spent in Germany, thus making things worse for the mark.


20 posted on 07/27/2015 5:17:09 AM PDT by elcid1970 ("The Second Amendment is more important than Islam.")
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To: elcid1970

Junk Silver US coins look to me to be about the worst possible way to buy silver. Almost very place I look that is a “reputable” broker Junk Silver carries a 30% mark-up to spot where 1 oz bars are 4% and Maple Leaves are about 15% or so.


25 posted on 07/27/2015 5:37:58 AM PDT by Sequoyah101 (I don't see how we have kept going this long)
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To: elcid1970
Could somebody explain how gold would be used to buy necessities? . . . . .

__________________________________________________________

First, precious metals are purchased as an insurance against loosing other parts of your portfolio. Gold is not an investment although some invest in gold, they buy and sell almost every day.

Gold is hard to trade except in small amounts. Gold has never not had value. It is likely to always have value. Cash some day may not have value. Stocks may some day not have value. CD’s may easily some day have little or no value but, even though the value of gold fluctuates it will always have value.

I personally like junk silver better than gold. I store some gold because you can get a lot of value in a small package, but, if you ever have to “spend” your precious metals, old dimes and quarters will be easy to “barter” with. They may not be much better than ammo but much more portable. In a bug out situation portability is essential.

27 posted on 07/27/2015 5:39:24 AM PDT by JAKraig (my religion is at least as good as yours)
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To: elcid1970
At least silver can be used to buy or barter.

Barter for what? Serious question. If things get bad, why would I want to trade with you for metal? I'll want to trade and barter for things I can actually use and need. Metal won't be one of things when store shelves are empty.

32 posted on 07/27/2015 5:51:31 AM PDT by Ghost of SVR4 (So many are so hopelessly dependent on the government that they will fight to protect it.)
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To: elcid1970

Well, gold is not very liquid as a currency, but it can be bartered for something that is....nor is silver for that matter.

If SHTF day comes, the currency will not be dollars, it will be things that you would never expect..


91 posted on 07/27/2015 12:36:17 PM PDT by Cold Heat (For Rent....call 1-555-tagline)
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