The $28 Trillion American Albatross Editorial by Chris Talgo
(townhall.com)
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Frens, make sure you own some gold and silver. This paper money is worthless and with fuel and food prices exploding higher it becomes less valuable. DJT wants to return us to a gold and silver backed system. What do you think will happen to the price of those metals when that happens? Even though Trump will make it right for holders of paper money, you'll do yourself a favor if you own some gold and silver and just put it away someplace safe. The prices go up and down every day. Keep your eye on it and if it drops, pick a little up. Don't buy all at once. Average out your buys over time.
Gold and Silver coins and bullion bars are best. They come in many different weights, even little tiny gram weights but remember the smaller the coin or bar, the higher you'll pay over spot price. Buy from a reputable dealer, not off someone you don't know. Too many rip off artists. If the SHTF, you'll have something of value that can be easily carried with you. Forget gold jewelry unless it's 22 or 24 karat gold. Nothing gold filled or gold plated. Find a couple good dealers online and compare prices. I'm not an investment counselor or advisor, just someone who follows the markets and this board. Please don't consider this professional advice. It's just my opinion and what I've been doing. Lots of good God fearing Patriots and their families here that I want to get through this turmoil better than what we were before Covid.
Best buy is junk silver coins - pre 1970 90% silver.
i have no idea where to start with all this. Where do I even try to find a gold bar in the UK??? Do I pay tax on it? How much am I looking at here? I dont have much in savings anymore after COVID.
Then where do I sell it and when? Local pawn shop?
I've had good luck buying through JM Bullion.
Our thoughts are to either sell it on eBay or to a coin shop when silver starts taking off, or if money is backed by precious metals, which is what many of us are hoping, you'll be able to just take it to your treasury.
I would look into silver, rather than gold, if you don't have a lot of extra to spend. Silver has been undervalued more than gold, so the theory is it will have greater gains. And it's cheaper to buy it now. Spot price is around $27, but it's selling for close to $40/oz.
I am NOT selling anything I have for fiat dollars, I will wait to sell off collectibles, too. I was gifted a couple thousand dollars of gold jewelry that I used to get a large number of pre-65 coins, plus a somewhat diminished silver bullion supply. Had to sell off 200 ounces ($3300) to pay for a replacement car. I am confident this will be this year..
Dont completely ignore junk silver. Dont make it a major part of your silver collection but having 100 or 200 dollars face value worth of pre 1964 coinage (mostly dimes and quarters) will protect you during any major transition and/or a full MadMax event. These could be worth more to you in such cases than merely their melt value.
I have several hundred dollars face value after 35 years of buying metals. I also have a several ounces of gold in gram weights for the same purpose. I dont have these for their investment value but as a contingency plan.
While I am on the subject of barter cheap vodka, pot and vegetable seeds, tobacco and ammo will be highly sought. I dont have pot seeds or tobacco but i have several gallons of the cheap 5 dollar vodka and tons of vege seeds stashed away.
1 gm, 2gm gold bars and .5 oz .10 oz silver are great to have for survial puposes. Small enough to be easily transactionable. Also easily bartered items. 300 ml bottles of alcohol, first aid items, personal care items...these will all be in demand if/when TSHTF.
Any comments on American Eagles vs. 1 oz rounds?
Atm Im buying bars as much as possible over rounds for the smaller premiums. But bars are hard to find right now.
I dont buy silver or gold as a collector. I buy it for the melt value. Through the years I have bought some collectibles and over nearly 40 years as a metal hound I have a fairly decent collection, but melt value has always been my overwhelming priority.