Silver is the new gold, so hoard silver!

10450 Views 52 Replies 21 Participants Last post by Denton, Feb 5, 2013

Anthony

Discussion Starter · Dec 30, 2012

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At the time of this post 10:11 am pacific time, $29.96 per ounce is the price of silver. Now admittedly the price has gone down from $34.00 just a few weeks ago. But ten years ago, 2002 the price of silver was just $5.00 and two years ago the price was $21.00. For those of you that arn't convinced, you need to understand gold collectors of the 60's-80's are the people who made there money on gold. They bought when the prices were low they collected when no one collected. The reason gold prices go up is the demand of gold so that means more and more people started to collect gold and the prices rocketed. Now people are realising that silver is in the same situation and more and more people are buying silver, which is increasing the demand. BUY SILVER. I recommend canadian maple leafs ( not because im canadian but because we have one of the highest mintage of silver 99.99% silver )

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Denton

· #2 · Dec 30, 2012

Better late than never, I always say.

Canadian Maples are not better for us in the U.S., for tax reasons.

Careful with recommendations, some folks may be as lacking in the research as you.

Aesthetically, though, I like the Maple Leaf. Very nice. Many suggest our Walking Liberty is the most beautiful coin minted, and that is fine. I may respond to that in a ho-hum manner because they are kind of old-hat to me.

Smitty901

· #3 · Dec 30, 2012

I sticking with brass and steel . latter I'll take the silver and gold if need be.
Remember Hunt brothers and silver, there is just to much of it in the world unlike gold.

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Anthony

Discussion Starter · #4 · Dec 30, 2012

Im pretty sure im not lacking in knowlage working with metals is my trade.
what do you mean tax reasons its cheaper for me to buy canadian maples.
Is it because i live in canada ? This is a international forum

AsteroidX

· #5 · Dec 30, 2012

I have coin currency from many nations. better prepared then not.

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Anthony

Discussion Starter · #6 · Dec 30, 2012

I completly agree with you AsteriodX, i have diffrent coins aswell its just when i started there was to much to take in at once. So i stuck with one coin then after a while went to a diffrent coin, That way i could understand. Im pretty sure that everything posted on a forum is a oppinion and i gave my honest oppinion. But i feel stupid for not mentioning multipul countrys coins

-Anthony

Alpha-17

· #7 · Dec 30, 2012

I'm in the Silver Eagle/Walking Liberty crowd. Very beautiful coin, have several and carry one in my wallet at all times.

scramble4a5

· #8 · Dec 30, 2012

I have a few eagles and a few maple leafs, a couple of rounds, and a couple of bars. Just for looks I like the maple leafs but the eagles are a close second.

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Denton

· #9 · Dec 30, 2012

Anthony said:
Im pretty sure im not lacking in knowlage working with metals is my trade.
what do you mean tax reasons its cheaper for me to buy canadian maples.
Is it because i live in canada ? This is a international forum

Reread what you said, and then what I said. I am aware of what this forum is, and you should be, too.

Regardless of you being Canadian, your recommendation to us to buy Maple Leafs is not a good recommendation, here in the U.S.
You work with metals, hotshot, I merely invest in them. I think I'll stick with the tax preparer's recommendation. She is also invests in silver.
I am very glad it is cheaper for you to buy Maples, by the way. If I were you, that is what I would buy. Along with it being your coin, it looks very nice.

Denton

· #10 · Dec 30, 2012

scramble4a5 said:
I have a few eagles and a few maple leafs, a couple of rounds, and a couple of bars. Just for looks I like the maple leafs but the eagles are a close second.

What bars do you have?
I have a weakness for those things. Nevetmind tax lady, they are for my appreciation of the art.

Jazzman

· #11 · Dec 30, 2012

I'll point put something to y'all.........

You can't eat gold or silver , you can't cast slugs with it without alloying it , they'll be too soft , and many folks won't be about to trade for useless soft metals post crash , most of the folks I know would just laugh at you.....now a spare box of ammo , antibiotics , a package of fish-hooks , a can of coffee , liquor , tobacco , extra beans ,lentils ,split peas , rice , cornmeal , a bar of L6 tool steel etc.etc. that's a different story.

When/if there is no longer an "economy" beyond the barter level fiat currency , gold and silver will be next to useless and the funding tied up in the latter two will likely get you much farther in barter/trade than precious metals will if it's applied to items that folks will actually desire and trade for.

What's a lb of chocolate gonna be worth postcrash.........you sure wouldn't get it for it's weight in silver from me.

Anthony

Discussion Starter · #12 · Dec 31, 2012

Me talking about investing in maples is my oppinion and is best for me, but your also talking about Walking Liberty which is better for you to collect. Maybe im just missinformed but thats sort of being a hypocrite ?

Alpha-17

· #13 · Dec 31, 2012

Jazzman said:
I'll point put something to y'all.........

You can't eat gold or silver , you can't cast slugs with it without alloying it , they'll be too soft , and many folks won't be about to trade for useless soft metals post crash , most of the folks I know would just laugh at you.....now a spare box of ammo , antibiotics , a package of fish-hooks , a can of coffee , liquor , tobacco , extra beans ,lentils ,split peas , rice , cornmeal , a bar of L6 tool steel etc.etc. that's a different story.

When/if there is no longer an "economy" beyond the barter level fiat currency , gold and silver will be next to useless and the funding tied up in the latter two will likely get you much farther in barter/trade than precious metals will if it's applied to items that folks will actually desire and trade for.

What's a lb of chocolate gonna be worth postcrash.........you sure wouldn't get it for it's weight in silver from me.

I've heard that theory before, but it doesn't hold water, historically speaking. In a very long term, global collapse, maybe, just maybe it'd be survival items barter only, but that's a maybe. Otherwise, precious metals will always be valuable. Even in the darkest days of the Dark Ages, Gold and silver were both sought after, and used as a currency. They will more than likely be used again. Even in the global collapse scenario, what happens when civilization starts to reassert itself? People are going to want to use currency instead of bartering all the time, and what will make a good currency most people will accept? The vast amount of cash we have now (probably made worse by whatever actions the FED takes immediately before the collapse? Probably not. Previous metals are a very likely candidate.

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Jazzman

· #14 · Dec 31, 2012

Alpha-17 said:
I've heard that theory before, but it doesn't hold water, historically speaking. In a very long term, global collapse, maybe, just maybe it'd be survival items barter only, but that's a maybe. Otherwise, precious metals will always be valuable. Even in the darkest days of the Dark Ages, Gold and silver were both sought after, and used as a currency. They will more than likely be used again. Even in the global collapse scenario, what happens when civilization starts to reassert itself? People are going to want to use currency instead of bartering all the time, and what will make a good currency most people will accept? The vast amount of cash we have now (probably made worse by whatever actions the FED takes immediately before the collapse? Probably not. Previous metals are a very likely candidate.

Whatever. I keep a buncha stuff stored for barter , if all you have to barter for those trade goods is useless soft metal you won't get any of them , come to me with some lead that I can cast with you might get what you need.

And frankly at todays prices I'm not about to tie up funding in something that's expensive and essentially useless , the price of an oz of gold buys a lot of "beans , bullets and bandaids"......

Denton

· #15 · Dec 31, 2012

Anthony said:
Me talking about investing in maples is my oppinion and is best for me, but your also talking about Walking Liberty which is better for you to collect. Maybe im just missinformed but thats sort of being a hypocrite ?

Anthony, you recommended we invest in Maple Leafs, dude, pure and simple. Simply re-read your post. I understand The Maple Leaf is little more pure, but, as we ALL know, this is a board not restricted to any country, and tax laws vary.

There is nothing hypocritical about suggesting silver. Silver fantastic to buy and store. I have gobs of it, and am always getting more. I give Silver Eagles for Christmas presents.

Silver and gold are the two precious metals that have been sought after for thousands of years. Gold, for international commerce and silver for domestic commerce, the metals are money, where most other items are nothing more than currency. The dollar, for example, is current, just as was Roman coins from a couple thousand years ago. Roman coins started out as money, but they, too, became currency as the empire died. The dollar will become no more than a curio, just as the coins of old Rome are, now.

Laws, or, should I say, tax codes, are obviously different in each country. Ours favors the Silver Eagle as it is a coin of the U.S. mint and is not a "commodities" investment, such as the bars I love to buy.

You are good, Ant, relax. I'm with you! It's just that the Tax Man cometh if you aren't careful.

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MikeyPrepper

· #16 · Jan 5, 2013

Silver is the new gold!!!!!!!!!!

Elapid

· #17 · Jan 6, 2013

Personally I store Gold, Silver, and Platinum in several different forms. Yes the American Eagles are well known and I have a fair share of them. But the bottom line is weight plain and simple, so it doesn't matter as much as what it is as how many ounces you have. Let's not kid our self's, precious metal has and will be the standard that value is measured in. Maybe not as much during the onset of a doomsday scenario, but when things settle down a bit it will have bargaining value just like it always has.

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MikeyPrepper

· #18 · Jan 7, 2013

I agree, weight is everything

Ripon

· #19 · Jan 7, 2013

When I first became a police officer in '84 and got my first pay check I bought a $5 Maple Leaf for $6 US. Each two week pay day I'd go to the same store and he gave me a little break for buying 3 but I'd have to buy 10 to get another discount. My hourly was 9.27 then so 10 just seemed to much and I stuck with 3 for $17.50 for almost two years before joining a service that put me on the road. Once in a while I'd find a store and buy some and ship it too myself. I love silver, great commodity. Almost 2 years ago I sold about 30 ounces to buy some things I needed as I wasn't working and needed to cut my cost of living and make better preps. I was happy to sell at $45 even though it went to $50. I'll bet it hits a $100 some day, don't know when, don't really care as I have all I can afford now.

Some has mentioned a tax consequence on Maple Leafs vs American? Could you explain? Just curious.

Also I like the $5 Canadian face value better then the $1 US eagle. There is also the potential for a deflationary SHTF. In fact there are $20 Canadian one ounce silver commemoratives out there. I bought a good number of them in 1999/2000. In a deflationary state they have a face value unlike any other silver coin.

I'm very intrigued with the bullion cards that co in Europe is making right now. 50 gram cards of silver and gold, but their markup is really hight on the silver.

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Denton

· #20 · Jan 7, 2013

In the U.S., the Silver Eagle is money from the U.S. mint, and isn't taxed as an investment, whereas other forms of silver is viewed as an investment.

I cautioned this in case the S doesn't hit that F before you decide to sell your silver. there are pieces I have bought that I have for my own liking and for SHTF, and those for SHTF and if I want to sell them for FRNs.

If you are also Canadian, this does not apply.

By the way, check out the Stagecoach Silver. It is scored so you can break it in four pieces.

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