Silver Prices

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ttown

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Down .75 currently my pm stocks are set for a stop loss of 10%,we’ll see if I get to keep my shares. I don’t sell my physical metals due to the buy/ sell ratio, I trade fake paper:musketeers:eagles on the bay are around $775 currently, selling to a B&M should bring maybe $3 over spot I’d think due to the volatile market, dealers with a large inventory of bullion use derivatives to cover themselves. I buy pre-33 stuff which are considered collectibles.
 

emapples

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If you haven't been watching precious metals lately, silver has taken a rather big jump in prices over the last month. Gold has been going up for a while, but silver has not followed the same trend.
I guess with all the money that is being printed and given to folks to stay home and not work, we are finally seeing inflation ramping up.

All this means to me is the value of the dollar is dropping. If you have some dollars in a savings account, like I do, we are loosing value, purchasing power, every day.

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What good will silver do us if we really enter the SHTF scenario nationally or even globally? I owned some silver, bought it about 7 years ago $21.00 bucks a round 500 ounces .........sold it at loss a few years back bought ammo which has a much better return if i were open to selling it today LOL. The key is what will we all want to trade for if things are really bad? I don’t think gold and silver are going to be the commodity everyone wants.
 

n423

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I sold some a while back and invested in collectible S&W’s. Thinking about it again.

That's what I am going to do. My son wants me to invest in gold and silver. Invest in quality firearms. I bought some that have tripled in price over the years.
 
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SlugSlinger

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I think your right. If there was a complete social and economic crash, precious metals won’t have much real value during that period. But I doubt we will see this type of collapse, in my lifetime anyway, but who knows.

Ammo is traded and has a real inherent value. But Ammo can loose economic value too, however the inherent value to use it will always be there.

What good will silver do us if we really enter the SHTF scenario nationally or even globally? I owned some silver, bought it about 7 years ago $21.00 bucks a round 500 ounces .........sold it at loss a few years back bought ammo which has a much better return if i were open to selling it today LOL. The key is what will we all want to trade for if things are really bad? I don’t think gold and silver are going to be the commodity everyone wants.
 

yukonjack

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I think your right. If there was a complete social and economic crash, precious metals won’t have much real value during that period. But I doubt we will see this type of collapse, in my lifetime anyway, but who knows.

Ammo is traded and has a real inherent value. But Ammo can loose economic value too, however the inherent value to use it will always be there.

You know what had value before ammo? Gold and silver. Don't be shortsighted because you don't understand something. I've put away some physical gold and silver. I also put away ammo and firearms. There's also a box of hammers, saws and nails among other things that is in my barter stuff.
 

dlbleak

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You know what had value before ammo? Gold and silver. Don't be shortsighted because you don't understand something. I've put away some physical gold and silver. I also put away ammo and firearms. There's also a box of hammers, saws and nails among other things that is in my barter stuff.
And primers...
 

emapples

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I think your right. If there was a complete social and economic crash, precious metals won’t have much real value during that period. But I doubt we will see this type of collapse, in my lifetime anyway, but who knows.

Ammo is traded and has a real inherent value. But Ammo can loose economic value too, however the inherent value to use it will always be there.
I don’t disagree that silver and gold are good things, but those are going to be used to buy the dominant fiat after the collapse has gone full circle. Maybe we should buy as much Yuan as we can since it would seem they are going to steamroll the rest of the world eventually.
Frankly its not a matter of “if” as I think this has one become when scenario (as in when it happens) I tried to follow it out to the extremes if we have that total economic collapse and what would be of real value in a time like that. I think you’d be better invested in an off grid property (that can generate its own electricity one way or another be it solar, hydro, whatever). and have its own well (plus the ability to fix that well). I think a seed vault is a cheap and easy way of being prepared (because you can grow food) tools are a great investment as well since we will all have to do things ourselves. Livestock etc....basically go back to 40 acres and a mule. I have been buying axes, splitting mauls, draw knives, screws, nails, files, sharpening stones, things that would be useful to barter with if we collapse. Guns and ammo go without saying you will need these to barter effectively hahaha...otherwise the people who have the weapons will just take your stuff rather than barter or trade. My wife still has 100 ounces of silver, but we have thousands and thousands of rounds of ammo, and a whole lot of seeds from our garden and purchased from stores. I am considering buying property further out and building that off grid home with a much larger garden and chickens. I am buying a life straw community this week in fact and it will sit in the attic until its needed.
 

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