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.
Gold and Silver??
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?
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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.
Does everyone know how many ounces there are in a pound of gold?
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If you said sixteen (16) you are going to be surprised to know that there are only 12 ounces in a pound of gold.
12 troy ounces make one troy pound and all precious metals are sold in troy measurements. A troy ounce is equal to 1.097 normal (avoirdupois) ounces. The troy pound is only equal to 13.164 normal ounces or 82.275% of a regular pound. A 25 ounce bar of silver is 2.0833 pounds of silver but it only weighs 1.7141 pounds.
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If you said sixteen (16) you are going to be surprised to know that there are only 12 ounces in a pound of gold.
12 troy ounces make one troy pound and all precious metals are sold in troy measurements. A troy ounce is equal to 1.097 normal (avoirdupois) ounces. The troy pound is only equal to 13.164 normal ounces or 82.275% of a regular pound. A 25 ounce bar of silver is 2.0833 pounds of silver but it only weighs 1.7141 pounds.
1 - 3 of 36 Posts
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