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?
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.