Silver if the dollar fails?

[toddk]

What do you mean by that statement?

It sounds like your saying, "I have not planned ahead, I have no supplies. So I plan on killing and taking what I need."

Is this your plan??

Unfortunately it doesn't matter how he answers that question.

Even if we misunderstood his meaning, (I say WE because I take what he said the same way you did.) there are many out there with that idea.
They have their uber-tactical <insert rifle of the day here> and some ammo. They plan on raiding, pillaging, and stealing whatever they can. They will continue this way until they run up against someone that is better prepared, or luckier than they are.
Hopefully it happens quickly, (meeting their maker) but unfortunately they will probably take advantage of a few before they meet their maker.

 

[patton487]

Unfortunately it doesn't matter how he answers that question.

Even if we misunderstood his meaning, (I say WE because I take what he said the same way you did.) there are many out there with that idea.
They have their uber-tactical <insert rifle of the day here> and some ammo. They plan on raiding, pillaging, and stealing whatever they can. They will continue this way until they run up against someone that is better prepared, or luckier than they are.
Hopefully it happens quickly, (meeting their maker) but unfortunately they will probably take advantage of a few before they meet their maker.

The fact that he never answered the question says alot...

 

[Yeah]

I'm liking the direction its taken in absence of my reply.

 

[Arthur Dent]

Getting stuff stocked up, myself. Food, water and ammo. May even buy some amount of ammo for guns I don't have. For bartering purposes.

 

[88GT]

Silver is a hedge. It's not the only hedge, but it's an important hedge.

Why put all your eggs in one basket?

 

[toddk]

I'm liking the direction its taken in absence of my reply.

Hmmm... Oh how I hate Trolls... Now how do I set someone to "Ignore"...

 

[E5RANGER375]

NEWSFLASH!!!

the dollar has already failed

lol

 

[irishfan]

IMO, gold and silver are only valuable for maintaining or to diversify wealth. If the economy were to collapse completely then your bar of silver is only valuable to a person who has a real need for it. Also, I would gladly trade you a goods item for a bag or rice or corn meal but I can't do a lot with silver when food runs dry. Everyone that is buying silver for SHTF is depending on some form of "store" or a trade company being established with a new economy created. I would rather put my faith in trading with other common people for needed goods and also not worrying about a few armed gang members taking my silver stash and me not having food to eat since I bought silver instead of food to store.

 

[Hemingway]

I have silver for sale in the classified section here...just sayin....

 

[Bunnykid68]

I Like Bacon

 

[Bunnykid68]

if your not stocked up on food and hygene items and water, etc, then you shouldnt be buying silver first. EVERYTHING will be easier ti find and buy now rather than after the disaster. just because you have silver doesnt necessarily mean jack, if bread is 100 ounces of silver per slice.

barter items are more valuable than silver and gold in my opinion. but that doesnt mean i wont have silver and gold.

you wanna know 2 things that will be the most valuable after a long term disaster, even more than food and water? ALCOHOL & Cigarettes. you stock up on those and have it when TEOTWAWKI hits and you will be wanting for nothing.

sure it can be made and grown, but how long will it take to get a steady stock of it? demand will be higher than supply for a while

Right on, gotta have my smokes, otherwise people will be shot senselessly

 

[revance]

Yes you bought 100oz for $26 and once and its now worth $3432 an once, but now a can of coke cost $9.00. If silver directly reflected the worth of a dollar is it even worth stocking up on if the dollar fails? Wouldn't a foreign currency be a better choice?

Your logic is flawed. If the oz of silver you bought for $30 is now worth $3,000. The $30 in your bank account is still only worth $30 but now a can of Coke costs $9. Wouldn't you be happy you bought some silver?

I agree that in a complete collapse of society, PMs may not hold any value because people just want to survive.

However if we are just suffering from hyperinflation, people will be looking for something to replace the dollar with. Eventually hyperinflation corrects itself... because eventually the currency is thrown out and replaced. This has happened many times in history.

These two issues are not the same.

 

[DMarines007]

Silver and gold are great to buy while the economy is doing well. When the economy sucks, everyone wants gold/silver which cause an increase in the perceived value...supply/demand theory.

 

[Marc]

if the dollar fails then the Amero begins

 

[Yeah]

Anyone want to buy some Euro's I have some I'll sell you. Somewhere around 300 dollars worth. I'll take gold or silver in trade too.

What rate do you need on your Euros? Green money US on my end. All my gold and is paper.

Hmmm... Oh how I hate Trolls... Now how do I set someone to "Ignore"...

A guy could do well going barbless in these waters.

 

[Bradsknives]

Just remember that gold hit $1000/oz on the Hong Kong market in the late 60's. If one bought gold then it would have been a very bad investment. Guns and ammo on the other hand.........?

Gold has never reach the $1000 per ounce price until last year (2010).
Here is a link that shows the historic gold prices from 1833 to present.


http://www.nma.org/pdf/gold/his_gold_prices.pdf

 

[djl02]

What rate do you need on your Euros? Green money US on my end. All my gold and is paper.



A guy could do well going barbless in these waters.

I'll take 370 for them. Let me know. If the index changes so will I,on the price. Plan on taking them to the Numerical Exchange in Louisville,next time I go. I have alot that I dont remember where it even came from. Coins and paper from around the world.
If your really interested let me know,if not,its off to Louisville.

 

[Regionnus Rattis]

Since the dollar is no longer on the gold standard, it is backed by nothing more than its intrinsic value, i.e. basically what people thinks it is worth to them. It's backed by the full faith and credit of the United States, or simply put, that it's and interesting way of saying that the money is backed by the government's ability to levy taxes.

Precious metals are really, also only worth their intrinsic value. In the future, other commodities, skill sets, etc. may be worth more than a piece of silver or gold.

 

[E5RANGER375]

invest in nickels. yes, the 5 cent kind.
the metal in the nickel coin is worth more than its face value. If you bought $10,000 worth of nickels then the metal value of the coins would be over $12,000. of coarse congress passed a law against melting them down and selling them for scrap, but if SHTF who's gonna give a **** about that law? just saying. you will never lose money if you invest in nickels because face value will always be 5 cents as long as the U.S. exist. and the metal will keep going up I believe.

 

[Regionnus Rattis]

invest in nickels. yes, the 5 cent kind.
the metal in the nickel coin is worth more than its face value. If you bought $10,000 worth of nickels then the metal value of the coins would be over $12,000. of coarse congress passed a law against melting them down and selling them for scrap, but if SHTF who's gonna give a **** about that law? just saying. you will never lose money if you invest in nickels because face value will always be 5 cents as long as the U.S. exist. and the metal will keep going up I believe.

The same can be said for pennies. Scrap copper is some of the most valuable junk on the planet. The age of electronics cannot exist without copper.

Oh yeah, forgot to mention all those New Agers out there with their magic copper bracelets to provide them with earthly power and energy