Good PM Buy
Register

Welcome to the Prepper Forum / Survivalist Forum.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed.

Good PM Buy

This is a discussion on Good PM Buy within the Economic, Precious Metals, Investing, Finance forums, part of the General Discussion category; Please note I do not recommend PMs as an investment. I do believe they'd make life a little easier during the start of a SHTF ...

Results 1 to 7 of 7
Like Tree1Likes
  • 1 Post By jimb1972

Thread: Good PM Buy

  1. #1
    Senior Member


    Join Date
    Dec 2012
    Posts
    4,373

    Good PM Buy

    Please note I do not recommend PMs as an investment. I do believe they'd make life a little easier during the start of a SHTF and well after (not much in between). As I recall people seem to complain (as I did as a youngster ) about the dealer mark up....."too much" I hear the cries. You see when I was 20 years old and working full time as a police officer and going to college full time I use to buy Canadian Maple. Leaf $5 silver one ounce coins. My local dealer charged me $5.90 plus tax and so it came to $6.25 most of the time. He didn't care if I bought 1, 5 or 20 he always charged me that same per coin mark up and it really bugged me. So much so that after 300 or 350 coins I quit. Over two years I bought from him and no break, but today I can't complain.

    Now long story over here is a $50.00 and a $20.00 face value coin for sale, no shipping, and no mark up. It's a small coin with very little actual silver but it's face value is what you pay! That only goes down with inflation while the silver goes up. Nice play!
    $50 for $50 Fine Silver Coin - Snowy Owl (2014)

  2. #2
    Senior Member


    Join Date
    Nov 2012
    Location
    home
    Posts
    2,225
    I like it, but I can't bring myself to pay $50 for a little over half an ounce of silver.
    Denton likes this.

  3. #3
    Senior Member


    Join Date
    Jun 2013
    Location
    Driftless Area
    Posts
    3,399
    I don't understand, very little actual real silver. The link states 99.9 silver. Still spendy, but wonder what you meant.

  4. Remove Advertisements
    PrepperForums.net
    Advertisements
     

  5. #4
    Senior Member


    Join Date
    Jun 2013
    Location
    Driftless Area
    Posts
    3,399
    Quote Originally Posted by 1skrewsloose View Post
    I don't understand, very little actual real silver. The link states 99.9 silver. Still spendy, but wonder what you meant.
    Duh, Yea, lot of money for so little silver. Sometimes I'm a little slow.

  6. #5
    Senior Member


    Join Date
    Dec 2012
    Posts
    4,373
    It's not really about the silver. This is a better play then a bunch of cash in the mattress. If you keep $500/$1000 or more in cash in case the deflation crisis hits in place of inflation (good idea) this is better. Better because for us in the States it's Canadian which is as safe if not more so from the dollar, and the small amount of silver is better then none. If we hyper inflate as most believe the silver value will exceed the face value.

    Tell me what $50 investment works in an inflationary or deflationary crisis?

  7. #6
    Senior Member


    Join Date
    Mar 2013
    Location
    Now in AZ
    Posts
    8,768
    Another thing to remember is the exchange rate. $50 Canadian is like $44.70 US right now.
    I really want one of these!Hidden Content

  8. #7
    Senior Member


    Join Date
    Dec 2012
    Posts
    4,373
    $44.08 today as the dollar continues to soar, but no loss in silver value despite the fact bullion is less right now.
    This place has become more disturbing then SHTF.

 

 

Sponsored Links

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Similar Threads

  1. Need a Good Bag
    By sparkyprep in forum Survival Gear Reviews and Questions
    Replies: 9
    Last Post: 01-15-2014, 07:33 PM
  2. How good are they...?
    By LunaticFringeInc in forum Rifles, SKS, AR, AK, Long Guns
    Replies: 17
    Last Post: 10-31-2013, 05:25 AM
  3. good vid from SP1
    By Leon in forum General Talk
    Replies: 0
    Last Post: 08-24-2013, 01:28 PM
  4. I ain't as good as I once was...
    By Rigged for Quiet in forum Food, Health and Fitness Survival
    Replies: 29
    Last Post: 06-19-2013, 11:03 PM
  5. Good Day, Everyone!
    By Abysmal Mind in forum New Member Introductions
    Replies: 6
    Last Post: 09-21-2012, 09:59 PM
Back to Top