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Hey all hope all is well I was talking with my brother in law and we decided to invest in silver bars.Has anyone else had experience doing this?
Gold and Silver??
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Really?
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Mikey, I have invested in silver bars, ingots and coins. they are good choices but I will stay away from coins with a face value. The ignorant seem to believe that a quarter is only worth 25 cents regardless of the material it is made from. In a SHTF event there will be a lot of ignorant folks. Gold is good for storing large sums of value in a small package but for "everyday storage it is not very useful.
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In a SHTF scenario I would rather have things people will need than a form of currency like silver or gold. Gold and silver cannot fill my tummy nor those that will follow me. Gold and Silver will not take down that deer that I need to feed my family but the bullet and gun will. See what I am saying here...
The only way silver and gold will be an item I will collect is if the United States gets cleared of its debts and the worlds nations are worth what precious metals they have... Until then I think I will play the path of the trader...
Sorry if this is not the answer or reply you were looking to hear.
The only way silver and gold will be an item I will collect is if the United States gets cleared of its debts and the worlds nations are worth what precious metals they have... Until then I think I will play the path of the trader...
Sorry if this is not the answer or reply you were looking to hear.
Yes, I have been collecting silver. What do you want to know about it?
As was stated, old coins can be a hassle. The silver content is determined by the year. On the other hand, Walking Liberties are known in content and weight.
I like one ounce bars. A good one is the Stagecoach Silver bar. It is scored so that it can be broken into 1/4 ounce pieces.
The down side of bars and rounds over one ounce coins like the Walking Liberty is tax. You are not taxed with coins, but are supposed to pay tax when you sell rounds and bars.
As was stated, old coins can be a hassle. The silver content is determined by the year. On the other hand, Walking Liberties are known in content and weight.
I like one ounce bars. A good one is the Stagecoach Silver bar. It is scored so that it can be broken into 1/4 ounce pieces.
The down side of bars and rounds over one ounce coins like the Walking Liberty is tax. You are not taxed with coins, but are supposed to pay tax when you sell rounds and bars.
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There is a lot to be said for that line of thinking...
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I'm with Denton on this one. I have been buying a small amount of silver nearly every month for about a year. It is slowly building up.
It has been said that gold and silver will be worthless during a SHTF or WORL. This is true but that can't last forever. Some here say brass and lead is better, I do both. Why focus on one thing when you have choices. I want something for when the dollar collapses or after TSHTF. Afterward people will want to barter. If you have either nothing to trade or nothing they want, will you just do without or try to take what you want. Some here have stated that's what they will do. I personally won't go there. I still think they will trade for PM's.
Some have said gold and silver will be worthless if the economy tanks. Is gold and silver only an American thing? No, it's global and will retain value even if the dollar tanks. China is doing a serious build up of gold. If the dollar collapses, will there gold be worthless? I don't think so. If the dollar collapses or the country collapses for whatever reason, will other people not except our gold and silver? Doesn't make sense, does it?
Gold and silver have been of value since man began buying and selling. Nothing will change that.
It has been said that gold and silver will be worthless during a SHTF or WORL. This is true but that can't last forever. Some here say brass and lead is better, I do both. Why focus on one thing when you have choices. I want something for when the dollar collapses or after TSHTF. Afterward people will want to barter. If you have either nothing to trade or nothing they want, will you just do without or try to take what you want. Some here have stated that's what they will do. I personally won't go there. I still think they will trade for PM's.
Some have said gold and silver will be worthless if the economy tanks. Is gold and silver only an American thing? No, it's global and will retain value even if the dollar tanks. China is doing a serious build up of gold. If the dollar collapses, will there gold be worthless? I don't think so. If the dollar collapses or the country collapses for whatever reason, will other people not except our gold and silver? Doesn't make sense, does it?
Gold and silver have been of value since man began buying and selling. Nothing will change that.
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Silver US coins 90% silver. They who'll be the most trusted and easiest to use. I'd start with a couple rolls of dimes. Then a couple rolls of quarters, halves, and silver dollars.
My opinion is same weights of US coins will out barter bars in spite of being 10% less silver.
My opinion is same weights of US coins will out barter bars in spite of being 10% less silver.
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Inceptor....niiiice call
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I have been collecting silver for many years now and in many forms. My favorite is antique Navajo jewelry for its high silver content and the added value of turquois. It takes some skill to recognize the quality and artist marks. I also collect loafs, bullion, and rounds, I don’t collect the proof marked coins because you’re banking on the collectability and not just the silver content. I collect junk silver as well.
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I doubt anyone posting here does not know that.
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Great stuff all
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I wanted to make a purchase (what it was doesn't matter) without a record so I tried using silver coins. The idiot that I was dealing with could not wrap his head around the fact that even though the coins were silver they had a face value far less than what he was asking. When I pulled out a bar he was willing to do business but as far as he was concerned the coins were only worth face value. Ignorance is out there and that is why I have traded coins for other forms of silver.
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I agree,great info
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We (wife and I)invested our money in becoming debt free. We did this rather than buying precious metals. The peace of mind this has brought is priceless.
We have not had credit cards since 1985. We made do and did without and now own three trucks and one car, all paid for. The house and land, all paid for. Horse trailer w/living quarters (cowboy RV) - paid for. We have no loans of any kind.
We grow our food - vegetable plot and chickens. We've got a deer's worth of meat in the freezer. She just finished processing 11 hens and roosters and they are in the freezer. Organic eggs still warm from the hen are good eating, no hormones or antibiotics.
I could say more, but instead I'll say this - gold and silver may have their place if you are secure in all other areas, but if you're not, gold and silver are darned hard to eat.
"You say you're hungry mister? I'll give you two eggs for that there gold coin ya got.":mrgreen:
We have not had credit cards since 1985. We made do and did without and now own three trucks and one car, all paid for. The house and land, all paid for. Horse trailer w/living quarters (cowboy RV) - paid for. We have no loans of any kind.
We grow our food - vegetable plot and chickens. We've got a deer's worth of meat in the freezer. She just finished processing 11 hens and roosters and they are in the freezer. Organic eggs still warm from the hen are good eating, no hormones or antibiotics.
I could say more, but instead I'll say this - gold and silver may have their place if you are secure in all other areas, but if you're not, gold and silver are darned hard to eat.
"You say you're hungry mister? I'll give you two eggs for that there gold coin ya got.":mrgreen:
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Great rice man...
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