WeedWhacker
Member
Coltdriver said:
That's just about what I'm looking for... but not the 20% markup! (!!!) Those "silver rounds" I've heard about are probably what I'll be after, assuming they sell for just a reasonable bit above spot.
To invest in Silver Bullion or Firearms?
- Thread starter LoadAmmo
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That's just about what I'm looking for... but not the 20% markup! (!!!) Those "silver rounds" I've heard about are probably what I'll be after, assuming they sell for just a reasonable bit above spot.
Thin Black Line
Member
Yeah, the $ is toast:
http://www.telegraph.co.uk/money/ma...nuId=242&sSheet=/money/2006/04/22/ixcity.html
http://www.telegraph.co.uk/money/ma...nuId=242&sSheet=/money/2006/04/22/ixcity.html
It's toast alright; as all fiat currencies eventually become. And when it's toasted - they'll have a new Pan-American replacement ready to take it's place for a repeat performance.
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Kodiaz
member
I recently started buying the silver eagles I don't have a lot of money to spend on the stuff but I'm trying to buy 3 or 4 a week from here out. I think the dollar is going down and soon. Now if you don't have a good amount of food or ammo get that first then start buying silver.
Topgun
member
Suggest you buy 1 oz generic rounds instead of the silver eagles. At higher silver prices they will trade at the same price. When Warren Buffet made his purchases a few years back and drove silver crazy for a while all silver was trading for the same price. 100 oz, 10 oz, 1 oz. all same. The game is to get silver and the lowest premium you can find is what to get.
And.....the ONLY bars which ALWAYS trade for the spot price are the Comex "good delivery" one THOUSAND ounce bars. All others must be repoured into 1000 oz bars to be accepted for delivery to those who have purchased on the commodity exchange.
Silver is more volatile than gold. There are far more gold buyers as foreign governments and central banks are constantly buying and selling gold.
And.....the ONLY bars which ALWAYS trade for the spot price are the Comex "good delivery" one THOUSAND ounce bars. All others must be repoured into 1000 oz bars to be accepted for delivery to those who have purchased on the commodity exchange.
Silver is more volatile than gold. There are far more gold buyers as foreign governments and central banks are constantly buying and selling gold.
Topgun
member
Topgun
member
You don't buy gold as an "investment." You buy it for insurance. Insurance against any and all international currencies or restrictions on your movement from place to place.
Your 5.25% returns have been DWARFED by the movement in precious metals. Why? Because savvy buyers realize that a 5/25% return on a 40% depreciating asset is just worse than spinning your wheels.
Ask any European who has gone through a currency devaluation or a monster inflation or deflation. One thing holds value through the CENTURIES. It is gold. All paper currencies go to zero over the long haul.
You need only enough "money" to pay expenses to those who still call it "money."
Your and your children's futures depend on not following the habitually stupid American version of misunderstanding economics. Americans know football. The "other stuff" they just don't get.
:banghead:
Thin Black Line
Member
Real Money
Regarding the film "All Quiet on the Western Front" (1930):
Precious metals are still of value even in a situation like this since it's
a universal hard currency. Other nice things to have are typical high use
consumer goods such as batteries, gasoline, motor oil, tires, condoms and
chocolate. It's far easier to trade a couple rounds of silver than a couple
pounds of condoms for gasoline....
Regarding the film "All Quiet on the Western Front" (1930):
Precious metals are still of value even in a situation like this since it's
a universal hard currency. Other nice things to have are typical high use
consumer goods such as batteries, gasoline, motor oil, tires, condoms and
chocolate. It's far easier to trade a couple rounds of silver than a couple
pounds of condoms for gasoline....
mrrick
Member
I repeat what was posted bfore:
One thing I found out in the 1979 silver run up; for example, I buy an oz. of silver today for $5.00, tomorrow the quote is $10., I go back to the dealer, the dealer isn't going to give me anything near $10. he gave $5.25.
When there is a hot market the buy-sell spread gets very big to protect the dealer. After commissions, it wasn't worth it.
One thing I found out in the 1979 silver run up; for example, I buy an oz. of silver today for $5.00, tomorrow the quote is $10., I go back to the dealer, the dealer isn't going to give me anything near $10. he gave $5.25.
When there is a hot market the buy-sell spread gets very big to protect the dealer. After commissions, it wasn't worth it.
Topgun is right on the money; gold and silver are not investments; they are insurance. Gold and silver do not rise and fall in value; it is paper script - fiat money - that rises and falls.
Topgun
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Topgun
Yep; The London Fix generally leads the way.
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Thin Black Line
Member
A wild ride in store for today?
It's 7:39am Eastern on Monday....and I have my coffee before I get to
work...ah, yes, add coffee beans to list of goods to take immediate
physical possession. Let's check the morning biznews:
US "imbalance":
http://business.timesonline.co.uk/article/0,,8210-2149380,00.html
Nothing like the soft wording of "economic earthquake."
More on big IMF meeting over the weekend:
http://biz.yahoo.com/ap/060424/finance_meetings.html?.v=2
What? There was a big meeting in DC over the weekend?
Nikkei drops 2.8% Monday:
http://biz.yahoo.com/ap/060424/japan_markets.html?.v=10
Policy set over weekend, push "start" button on Monday.
US stock futures down before market open Monday:
http://biz.yahoo.com/ap/060424/wall_street.html?.v=2
Must keep repeating mantra that $9+ trillion goverment debt, negative
citizen savings, and factories being moved overseas means nothing to the
overall economic health of America. Just gotta keep moving the $ around
in a big shell game between a few stocks, commodities, and real estate to
keep the boat afloat.....
It's 7:39am Eastern on Monday....and I have my coffee before I get to
work...ah, yes, add coffee beans to list of goods to take immediate
physical possession. Let's check the morning biznews:
US "imbalance":
http://business.timesonline.co.uk/article/0,,8210-2149380,00.html
Nothing like the soft wording of "economic earthquake."
More on big IMF meeting over the weekend:
http://biz.yahoo.com/ap/060424/finance_meetings.html?.v=2
What? There was a big meeting in DC over the weekend?
Nikkei drops 2.8% Monday:
http://biz.yahoo.com/ap/060424/japan_markets.html?.v=10
Policy set over weekend, push "start" button on Monday.
US stock futures down before market open Monday:
http://biz.yahoo.com/ap/060424/wall_street.html?.v=2
Must keep repeating mantra that $9+ trillion goverment debt, negative
citizen savings, and factories being moved overseas means nothing to the
overall economic health of America. Just gotta keep moving the $ around
in a big shell game between a few stocks, commodities, and real estate to
keep the boat afloat.....
JohnBT
Member
I agree it's not an investment. Therefore, the answer to the original questions posted is what? NO, neither.
____________________________________________________________
"To invest in Silver Bullion or Firearms?
What do you think about investing in silver bullion versus NIB firearms?
____________________________________________________________
Having survived the Hunt brothers attempted cornering of the silver market (and I made some $$$ on it and also saved a number of rare coins from being sold at bullion prices), I just don't think I want to have more than a small percentage of my net worth in precious metals. Of course, I don't think I want to have more than a small percentage of my net worth in CDs either. Diversity is a good thing. I don't see the dollar falling apart anytime soon, despite all the handwringing.
John
____________________________________________________________
"To invest in Silver Bullion or Firearms?
What do you think about investing in silver bullion versus NIB firearms?
____________________________________________________________
Having survived the Hunt brothers attempted cornering of the silver market (and I made some $$$ on it and also saved a number of rare coins from being sold at bullion prices), I just don't think I want to have more than a small percentage of my net worth in precious metals. Of course, I don't think I want to have more than a small percentage of my net worth in CDs either. Diversity is a good thing. I don't see the dollar falling apart anytime soon, despite all the handwringing.
John
Templar223
Member
- Joined
- Dec 5, 2005
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- 309
Bogie wrote "...diversify."
That's the word everyone needs to remember.
Yeah, firearms are a good investment and they can save your bacon.
Yeah, junk silver is a fairly liquid form of silver that can be sold as investment money or it can be kept for a SHTF rainy-day scenario, not to mention the numismatic value, especially for kids.
Yeah, I don't keep all my cash at the bank. I "diversify" my risk of losing cash. I also do the same with guns (gasp!).
I have precious metals that I sink some of my "play" money into as a hedge against hyperinflation (they, along with the guns provide excellent protection).
Ammo is another form of currency, and just a plain good investment, especially given the recent dramatic price spikes.
DIVERSIFY your holdings across the board and reduce your exposure to risk. It's the prudent thing to do.
John
That's the word everyone needs to remember.
Yeah, firearms are a good investment and they can save your bacon.
Yeah, junk silver is a fairly liquid form of silver that can be sold as investment money or it can be kept for a SHTF rainy-day scenario, not to mention the numismatic value, especially for kids.
Yeah, I don't keep all my cash at the bank. I "diversify" my risk of losing cash. I also do the same with guns (gasp!).
I have precious metals that I sink some of my "play" money into as a hedge against hyperinflation (they, along with the guns provide excellent protection).
Ammo is another form of currency, and just a plain good investment, especially given the recent dramatic price spikes.
DIVERSIFY your holdings across the board and reduce your exposure to risk. It's the prudent thing to do.
John
Art Eatman
Moderator In Memoriam
Precious metals are speculative investments. There are many ways to profit. One is to buy when it's low--as back at $300 for gold and $4 for silver--and add some on the way up. When you think it's peaked, sell off about a third or a half. Invest the profit as you see fit.
Trouble is, most people haven't paid attention over the last ten or fifteen years, and by the time they figure out it MIGHT be a good thing, they're late to the party. That happened to a lot of people when the Hunt brothers manipulated the silver market in 1979-1980, and folks got badly burned. Many of them STILL don't understand what happened.
The least-cost way to buy silver is what are called "Junk US silver coins". Dimes, quarters and halves minted in 1964 and earlier. That's the minimum premium over bullion value. The bullion value is 0.712 times the spot price of silver, per dollar, per thosuand dollars, whatever. A $1,000 bag will cost 0.712 times the spot price of silver, plus a small premium. The buy-back would be near the spot value.
Odds are, right now, that the dollar will continue its decline. Inflation will continue at it's real rate--which I, me, Ol' Art, thinks is around double the offficial number. The Chinese government has said it's gonna keep buying gold in ton-sized lots. They're talking about starting a gold ETF (look that up) which would do to gold what the silver ETF has done to silver: Push up the price.
Right now, I'd pick gold/silver over guns. Been working that way for over a year, now. No signs yet of stopping.
Art
Trouble is, most people haven't paid attention over the last ten or fifteen years, and by the time they figure out it MIGHT be a good thing, they're late to the party. That happened to a lot of people when the Hunt brothers manipulated the silver market in 1979-1980, and folks got badly burned. Many of them STILL don't understand what happened.
The least-cost way to buy silver is what are called "Junk US silver coins". Dimes, quarters and halves minted in 1964 and earlier. That's the minimum premium over bullion value. The bullion value is 0.712 times the spot price of silver, per dollar, per thosuand dollars, whatever. A $1,000 bag will cost 0.712 times the spot price of silver, plus a small premium. The buy-back would be near the spot value.
Odds are, right now, that the dollar will continue its decline. Inflation will continue at it's real rate--which I, me, Ol' Art, thinks is around double the offficial number. The Chinese government has said it's gonna keep buying gold in ton-sized lots. They're talking about starting a gold ETF (look that up) which would do to gold what the silver ETF has done to silver: Push up the price.
Right now, I'd pick gold/silver over guns. Been working that way for over a year, now. No signs yet of stopping.
Art
Shrinkmd
Member
Ammo as currency problem
If things got to the point that ammo could be used for trade purposes, is it a "good thing" for others to know that you have some to spare? Obviously better to have more than less, but as far as trading things, if you trade condoms or coffee, no one is going to try and use what you just traded to them to come and try and get the rest of your stash!
If things got to the point that ammo could be used for trade purposes, is it a "good thing" for others to know that you have some to spare? Obviously better to have more than less, but as far as trading things, if you trade condoms or coffee, no one is going to try and use what you just traded to them to come and try and get the rest of your stash!
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