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I'm too poor to buy gold. There I said it. Nonetheless I buy silver eagles partly because they're beautiful coins but also I can afford silver.

But is there a point to buying silver now? I was reading a subreddit the other day and kids were saying metals were "something boomers still waste money on".

I mean, seriously?

I'm too poor to buy gold. There I said it. Nonetheless I buy silver eagles partly because they're beautiful coins but also I can afford silver. But is there a point to buying silver now? I was reading a subreddit the other day and kids were saying metals were "something boomers still waste money on". I mean, seriously?

(post is archived)

[–] 4 pts

Silver & gold are just another aspect of prep. An oz. of silver is just that. I personally don't buy premiums, I buy G.O.O.D. ounces. Grid down, it's an oz. of silver, and I'm not sure if the cute picture matters. Save change? Every couple months, cash it in, buy either silver, or junk silver. Put it in your safe. Having prep is not an end in itself. In a worst case scenario, you can make better choices because you do have: food, gasoline, water, medical & protection. An excellent primer is: How to survive the end of the world as we know it, by Rawles.

[–] 5 pts

to add on to your comment. I have family all across the country, and prefer to drive to see them. I always bring 5-10 ozt of silver, to barter for diesel if there's a major problem. I get over 600 miles to a tank so I don't need a ton of fuel to get home.

[–] 1 pt

Minted silver coins have an advantage in a collapse. For people who do not have their own testing equipment they are more trustworthy. It’s easier to forge or fake a simple imprinted bar than an American Silver Eagle.

[–] 1 pt

A point to consider. Thoughts on junk silver?

[–] 0 pt

I love junk silver. Fractional denominations, easy to recognize (once you learn). The older stuff is better because it has different coin designs. Later silver dimes and quarters require closer examination than older half dollars, mercury dimes, etc.

[–] 0 pt

Only people who knew how to test it would take it, but you might get some cheap silver that way. I can imagine people selling old, genuine silverware at a yard sale with no idea what it’s worth.