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298

I'd like to buy about $1,000 worth of precious medals that I can lock in a safe or bury in the backyard.

I'd like to buy about $1,000 worth of precious medals that I can lock in a safe or bury in the backyard.

(post is archived)

[–] [deleted] • 10 pts

My opinion: gold is for investment only. silver (blocks or coins) is for trading in SHTF situations.

no-one will be wanting to trade a $1000 gold coin for bread, meat or essentials.

[–] • 7 pts

Lead is for trading in SHTF situations.

[–] • 3 pts

Seeds could end up being a currency of things go far enough

[–] • 4 pts

https://findbullionprices.com/closest-to-spot/ https://silverdeals.reddit.com If I had it to do all over again, I'd stick to mercury dimes and mercury dimes only.

In an absolute worst case scenario, it's still $0.10 FV (face value).

At the beginning of my stacking career, I had it in my mind that I was going to purchase American Silver Eagles, and nothing else. It didn't turn out that way.

Don't go off into the collectibles market, like the slabbed and graded bullshit, that shit's stupid.

Dimes, dimes, dimes. Quarters too, if you'd like. Then, perhaps War Nickels.

https://www.coinflation.com was already posted elsewhere in this thread.

[–] • 3 pts

90% junk silver is a great fractional silver, especially dimes and quarters. Quarters don't tend to have as high a premium.

[–] • 5 pts

When SHTF, the safe will probably be worth more than the silver.

[–] • 3 pts

A safe full of ammo will be worth the most

[–] • 5 pts

i like APMEX. they charge a premium but at least you're not getting fucked. I've been sold fake Morgan dollars at a coinshop (they replaced it, but still).

[–] • 2 pts

I can 2nd the APMEX recommendation

[–] • 1 pt

3rd recommendation here. They are defacto the best.

[–] • 5 pts

I don't understand the idea of buying investment metal. It's one of those prepper memes that's just utter nonsense in real life.

If the SHTF, your ability to survive will be determined by your ability to do useful work. Sure your gold brick would buy a loaf of bread today, but having land, tools or a tradeable skill will allow you to buy a loaf of bread tomorrow as well.

If you'd invested in a shed full of plywood you'd be a millionaire by now, because people have a use for plywood

[–] [deleted] • 5 pts

Barter is too inefficient due to the double coincidence of wants. There will always be a medium of exchange. Gold and silver fit that niche very well.

[–] • 1 pt (edited )

Token exchange only works while there is a system that defines its value, so the existence of that system is limited to only a few scenarios. i.e. like moving gold from one collapsed country to a functioning one, and that relies on you not getting robbed while SHTF. Note that the jew moved diamonds as they were easier to hide and they already had a system of trading in their destination country

Land is stable until a country turns communist. Gold relies on a trading support system, which ends when a country turns communist. Skills are retained in every scenario

Gold is a very niche insurance, you'll note that rich people don't bother much with it

[–] • 2 pts

I think the fundamental answer as to who money fails in SHTF situations is that people's time horizons are too short. Holding assets is planning for a distant future, and one in which people are doing well and the is community. Gold and silver have kept their value for thousands of years, but when you are worrying about getting through the next day, only immediately useful things matter.

[–] [deleted] • 0 pt

Token exchange only works while there is a system that defines its value

Not sure what you mean by "a system that defines its value". Price discovery mechanism works the same in a SHTF scenario. Exchange rates are established through trade. Perhaps the trade will happen in silver and gold will be used for goods pf high value, or to exchange for silver.

[–] • 0 pt

Token exchange only works while there is a system that defines its value,

As long as there are people who want something and people who have it there will be a system that defines value.

[–] • 3 pts

says the idiot who doesnt realize gold has been a standsrd for thousands of years, even when people lived in mud huts.

[–] • 0 pt

You haven't thought this through at all have you?

in a SHTF, all the systems that were backed by gold are gone, your gold bar is just that, a lump of metal. So no, I'm not trading my bread for that. And nobody in their mud hut wants it either.

If we are talking about a niche scenario collapse, where inflation ruins the value of savings but people are still trading gold for some reason, then great, you have a months wages right there. I'm not sure what you will be doing next month but I'm sure you have a plan...

Meanwhile I've still got a lifetimes worth of tradable skills, land and tools. I'm OK forever, no matter what happens

[–] • 2 pts

This don't address the problem of how to preserve your material wealth. Spend on education? Tools? Land? Hold dollars? Stocks? Precious metals? Guns and ammo? Massive stocks of supplies?

Having skills isn't exclusive of preserving your wealth.

[–] • 1 pt

youre ok until a hungry mob comes and takes your land. if SHTF youll be as sorry as I am and can only pray. in that case all you need is survive the first few months and youll be fine afterwards if you can grow your own food.

SHTF is temporary and society sill eventually rebuild, and then gold will be useful again.

[–] • 0 pt

in a SHTF, all the systems that were backed by gold are gone, your gold bar is just that, a lump of metal. So no, I'm not trading my bread for that. And nobody in their mud hut wants it either.

That's a lot of supposition. What leads you to believe the human race will suddenly end its obsession with gold after several thousands of years?

[–] • 2 pts

agree buy land

[–] • 2 pts

Or wait for SHTF and take it from people who can't defend it.

[–] • 2 pts

Precious metals are not for collapse, they are for major currency events, and more general hedge to stonks.

[–] • 3 pts

Precious metals are not for collapse, they are for major currency events, and more general hedge to stonks.

They are pointless for an individual, you pay through the nose to trade a physical asset.

Look at what's happening now, there is inflation, so the rich are buying tangible assets like land and rentals, the gold price fell after Biden was elected. Long term, gold is crap as a hedge, it's like a 1.1% return? Bonds and stocks have always done better.

It's a niche commodity that is over supplied, and it's only real point is during a theoretical collapse where money is suddenly worthless but there a fictitious person who suddenly wants to buy all your gold and is happy to drive out to the woods with you and dig it up...? It's ludicrous. Buy a big propane/diesel tank instead, bitcoin, land, inflation-indexed bonds. Buy oil commodities, if inflation goes up so does oil, same with supermarket stocks, people will need to eat regardless of market conditions.

Gold is a hedge for corporations/countries, not Joe Soap in the Ozarks

[–] • 1 pt

Long term, gold is crap as a hedge, it's like a 1.1% return?

What are you talking about? In 1915 you could buy an Italian suit with a $20 gold coin. You still can buy an Italian suit with a $20 gold coin today. The purchasing power has remained relatively constant. That's the definition of a good hedge.

[–] • 0 pt

who said you cant diversify your investments and preps? you have a faulty premise.

[–] • 1 pt

who said you cant diversify your investments and preps? you have a faulty premise.

I didn't say you can't diversify, I said gold was crap as a hedge, I listed in another posted a handful of things that are way better than gold. Don't believe me, go ask on an investment forum, I'd be surprised if they suggested using any more than 5% of your fund in metal commodities. Even with a prepper mindset you should be thinking primarily of stuff you will actually use, like fuel/food/power. If you don't have those you'd be offloading gold to buy them at a loss.

There are a whole pile of ways to prepare and which makes sense, but because nobody has ever had to offload gold in a crisis, people don't realise what a load of bollocks it all is. Every time they read about some redneck buying it, they carry on thinking 'well if he's doing it it musty be good right?' Blind leading the blind

[–] • 0 pt

you claim its shit in a shtf situation then talk about its use in financial investment. you realize that one out of four dollars in existence has been printed in the last 2 years. we are headed for a sovereign debt crisis and dollar collapse. tangible assets for both trade and personal survival are key. financial gurus dont know anything of gold and silvers history and therefore their future. when fiat collapses everyone will stampede to the safest assets. see what 50 oz of au could buy in the weimar republic. one needs everything to homestead and protect hearth and home. one also needs a tangible, portable, fungible, durable means to store wealth that isnt fiat paper currency, shitcoin, jew stocks, bonds. anyone suggesting bonds right now is so retarded there are no words to give them other than 'good luck'

[–] • 0 pt

You wanna run SHTF world learn how to refine kerosene from wood.

[–] • 4 pts

Make sure you purchase from a reputable source, as there are some fakes floating around out there, especially gold in smaller denominations

[–] • 2 pts (edited )

Yes, only buy from a big dealer like APMEX, or JM Bullion. is a good place to find lowest prices from reputable dealers.

[–] • 1 pt

Thanks, I was going to post some examples but I got busy. I use both, they are solid. You can always go to a product manufacturer’s website and see who the authorized dealers are, and then purchase your bars/coins only from the authorized dealers.

[–] • 0 pt

It's good to think about how you'll sell them in the future. If you buy some weird pieces you won't get as good a price or you'll have trouble finding a buyer. major dealers will carry the standard stuff that lots of people are buying like silver Maples, Eagles, Libertards (not to be confused with libtards), Britannias, Kangaroos, Philharmonics.

[–] • 2 pts

Pre '65 dimes. You can doll them out a few at a time.

[–] • 1 pt

This is an easy one: don’t

You cant eat it, you cant make love to it, it wont keep you warm. Its all bullshit man.

Add to that risk of fraud, acquisition costs in excess of value, liquidity challenges, and storage risks and you’ve even more bullshit to go with your original bullshit

Gold and silver is for rubes

[–] • 1 pt

Bad investment

Thorougly subverted investment group.

There exists tons of the stuff but only on paper. And the owners will dump it all just to see the price crash and take out ppl try to hide their income from inflation

[–] • 1 pt

True. Not an investment, and spot price is heavily manipulated. Precious metals are still a good hedge to combine with stocks.

[–] • 0 pt

Better investment is in yourself and tangibles That provide benefits rather than as means of exchange.

Gold is hugely expensive to buy and sell.

[–] • 1 pt (edited )

I'd try looking for a local coin shop, or one of those "we buy gold" places. Premiums suck right now, expect to pay minimum $5 over spot for silver ounces. If I were you, I'd look for "junk silver". 90% silver mercury dimes or the pre 1964 Roosevelt dimes. 90% silver by weight, legal tender, and widely recognized.

https://www.coinflation.com/silver_coin_values.html

[–] [deleted] • 0 pt

1,000. of gold is a start but won't get you much as far as bullion or coinage.

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