No, stash cash first. I recommend 6 mo total living expenses in cash. The silver is the insurance policy, only unlike other insurance policies, it still has value after you buy it. Silver and gold will do well in a hyperinflationary scenario, but poorly in a deflationary environment like we had in the great depression. It is hard to say how the next crash will play out, so don't keep all your eggs in one basket. Food storage is probably the best investment and should be the first priority. You can eat it if times get bad or even if they don't. Here is a great 7 Step Preparedness Plan that covers all of these topics in depth.Thanks, does this mean I should not bother stashing cash? I stopped adding to investments when I lost a lot (like everyone else) Sorry If Im going too OT
Not as much as they used to have. People are doing whatever it takes to make a buck.Denton, are they having any luck finding any pre 65 coins?
Good. Send them my way. I'll trade them ammo for silver.Stockpile ammo in popular hunting calibers, and you will always find a barter option for that. Bullets for food. Silver and Gold, not so much. You come to me with either and wanting to trade for my food, you will leave hungry and with your pockets ful of worthless soft metal.
Get with the times!!! :-DI don't know them but they are having MINIMAL luck because people are on to this.
I, personally (no attack here), do not like 1oz bars because if SHTF happens (which is basically what we are prepping for) you will need to cut them down into weights, and having us coins already will make it easy for people to trade goods. I do have a few rounds, but the majority of my silver is coins, not bullion.
Silver is a commodity that fluctuates greatly. You can lose just as much buying silver as you can buying stocks. Take a look at this historical price chart of silver showing inflation-adjusted and nominal dollars:Some of my buddies buy boxes of coins, sort through them for silver ones, turn them in at another bank and then make another order for more coins. Seems a lot of people are doing that, now.
One fellow I know loves to go to garage sells and the like, looking for silver items he can pick up on the cheap.
Personally, I really like one ounce silver bars. They are .999 fine silver, and I like the designs and art.
Precious metals hold their value, but don't fall in love. Know when to let go of them for real estate or whatever.
Same with currency. Don't get holding worthless paper. Take a lesson from many of the Confederates of the South. Unlike the Confederate dollar, today's fiat notes won't even make a good fire.