Been thinking of dabbing into buying silver, mostly because it’s cheaper for me and easier to begin with. But someone I know who is a big gun buyer told me to, instead of gold and silver, go with finer rifles and pistols. More collectible. Not the $10,000 ones, more more in the 1-2k range pistols and rifles. I’m more familiar with them personally, and I don’t think they ever go down in value, from the ones I’ve had for years now.
Although I’m still very interested in buying silver or maybe one day gold, but what some of you, smarter than me financially, think about this? Do’s and don’t’s? Could guns provide similar financial holdings as silver, if the dollar goes poof? Thoughts?
Good barter instrument as well.
Silver is very likely a great investment. The US Dollar is defined to be 371.25 grains of silver (0.77 troy oz)
Silver's historical buying power was about 30 times its current reserve note value (what you think of as a dollar, but isn't). If we go back to a US dollar currency, which Trump has stated he wants to do, that likely means the real US dollar. If you have silver, you already have a leg up, with a likely substantial increase in what you paid for it in real purchasing power.
That is what I would recommend.
Just remember that gold and silver are Money, they are fungible and very, very liquid. You can always find a buyer for silver and gold. Collectibles are not fungible and are less liquid in general. But they can appreciate more quickly! Are the trade offs better in one direction or another? Idk I am just a dumb ape who holds silver but never ever gives financial advice.
It depends on your objectives. silver in small denominations will be far more liquid if you anticipate the need to use your investment to sustain your family. Either will work for long term wealth preservation investing but collectibles (of any kind) can be a niche market and tend to fall out of favor. the issue is not really what any "thing" will be worth in absolute value at some future date, but how will it protect your purchasing power over time.
Silver is better than gold. More industrial applications, and the silver to gold ratio is way off from what it used to be, meaning silver can get you more gains.
However, what good is gold and silver if someone can just take it from you.
Guns and ammo will hold value, and if society collapse, i would argue that is the best currency.
Silver oz bullion in small demonizations. Try a modest goal of 40 oz
Any particular website good folks like to use and trust for such purchases?
SD bullion is a reliable site. I would also recommend mend establishing a relationship with your local coin dealer.
Visit www.Reddit.com/r/wallstreetsilver
Read an article by a guy that survived the Bosnia / Serbia mess. He never mentioned which side he was on but he lived on the front lines and sniper fire was constant.
Pretty AK's or good equipment would get you robbed. You had to look poor, not show any wealth like good binoculars or scopes, etc.
Ammo is valuable. So are antibiotics, liquor, food, prostitution became rampant. Paper currency wasn't valuable, everything was barter or robbery.
Can't lone wolf it, have to be in a group. He want into some detail on security (most homes already had a 6' wall around them), always have friendly eyes outside with radios so they can confirm if friendlies are coming in over the wall or bad guys. I doubt I still have the link as it was an old article, I'll see what I can find.
Some solid advice here friends, thanks so much. I like the idea of diversity, little of both. Probably look into some 5-10 oz silver and coins mentioned. And some smaller guns pistols for instance. I’ve had a revolver for years and it’s amazing how much it’s went up, I’m a automatic guy nowadays for edc, so I just keep the revolver stored. Could look into getting a set or something. Probably stay away from gold right now, little high for me atm. But yes thank you for information all. ??
Guns are required to physically protect ALL of your assets, so this is a no-brainer
You need to think about several things:
Hedging is always wise. Don't put all your eggs in one basket. Who knows how much rare collectibles will go up or down in value over time? Maybe a lot, maybe a little.
Silver has been controlled and suppressed since the British got all their silver back from China during the opium wars. It's trading at 50% of its 1980 all-time-high. Nothing else on the planet is half its 1980 value. So there's little question it's going up in value. As much as some rare gun? Maybe, maybe not.
But you wouldn't likely be exchanging rare guns for bread, milk, gas, etc. It would be much easier to use a Pre-1965 dime/quarter/half-dollar for your frequent purchases, if the SHTF scenario plays out. Everybody would recognize and accept Constitutional silver (in the US).
The answer to your question depends entirely on how much money you have to invest. If under $10K, you should probably get mostly Constitutional silver, maybe one 100oz bar. If under $50K, maybe you get a few guns plus a mix of silver products. If you've got over $100K, you would probably want a mix of gold, silver and guns. I always recommend you buy at the current silver:gold ration (currently in the neighborhood of 65:1) if you've got over $100K to spend.
All of this s assuming you've already got some self-defense weapons and ammo already in your possession. If not, you should probably start here and use the remainder to buy Constitutional silver.
If the dollar really goes poof, functionality, and mobility, will be MUCH more important than collector value. Redundancy is good, but you only have two hands.
Guns could be an okay investment, though I would say ammunition has a much higher probability of continuing to hike in value.
Silver on the other hand is guaranteed to be a solid long-term investment, if we can use the last several thousand years of history as any indicator.
During the Roman Empire, a day's wages for a roman soldier was a dime (1/10 ozt silver).
During the American industrial revolution, a day's wages for labor was a dime (1/10 ozt silver).
Consumption rates of silver have also sky-rocketed due to electronics, and historically, appears to be greatly (and artificially) devalued compared to gold, which is generally controlled by the same who run the central banks, and thus subject to nefarious market manipulation. Silver, being less rare, is less controlled and more likely to retain its value (or drastically increase, as the case may be) in the event of a market collapse.
The best advice I can give is to diversify. Buy some guns, buy some silver, buy some land, etc., etc.
So don't get a gun unless you're willing to point it at someone and pull the trigger, otherwise it will be taken from you and you will get shot with your own gun. A collectable is pointless since you probably don't know enough about guns to know what to buy, just like don't buy "numismatic" coins.
Get regular coins like ASE, SML, Kugs, Roos, Philharmonics, etc. Maybe a 5 or 10 oz bar.
Or gold if you can get some
Guns, yes and the ammo to go with it if you can afford it.