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?
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.