This is gonna come off as an ad, but oh well. If you aren't aware, the USD is headed for collapse. What comes next is anyone's guess. Likely the gloablists will try to introduce a new fiat currency. There's theories that Trump has been packing State treasuries with real gold and silver to create a new US currency that is backed by precious metals.
Either way, your dollars are about to be worth less than toilet paper (okay they technically already are, but still). If you haven't got any silver yet, I recommend getting some now. The more you can get the better, but $100 worth is at least better than 0. These are the guys I buy from:
Anyone you buy from will charge over spot. If you know someone or find someone better, then great. I'm sharing a link for anyone who doesn't have a vendor and would like one.
Even if by some miracle the Fed doesn't collapse, you can always trade it back on an upswing, but even if the USD recovers or we go to a new currency, keeping a small stash of precious metals is just plain smart in case of... well anything that can hinder your currency usage.
Yup, bought more today from JM. Excellent service all around.
JM Bullion gives dealer pricing to veterans
How do I get the dealer pricing for veterans? Is there something at checkout?
https://www.jmbullion.com/military-discount/
Thank you, warrior. Side note…. When were you in?
ditto
What about 1/10th oz gold coins?
Yes.
Gold is good for larger purchases.
Yellow silver is good.
More portable in SHF situations.
ok, I got a good stash of silver, should I look at some gold? should I get gold or silver in anything besides 1oz coin/bars?
Yes get gold in addition to silver. 1oz gold coins or bars is good. Silver 1oz coins are good, or Constitutional coins. Once you have a good supply of 1oz and smaller silver you can start stacking bars as a store of wealth. 10oz and 1kg bars are good. ..heck, all silver is good.
Ok thank you, I’ve noticed the focus is always on silver. Wasn’t sure if there was a reason that gold has not hardly been talked about. I know the price is much more affordable per oz so maybe spending it would be easier than expensive gold if the economy came to that
Silver is the people's money and is great for transactions. Gold is a store of wealth because you can hold so much value in such a small space. Silver is heavily manipulated and the price is much lower than it should be in dollar terms. Also, historical gold to silver price ratios were 14:1 when gold and silver were used as money. Over the last 100 years the gold silver price ratio has been about 40:1. Currently, the ratio is about 70:1. Silver has been destroyed in industry while gold is just sits in vaults. Silver is getting mined at a ratio to gold of 7:1. ..there are so many reasons why the price of silver should be over $250. But, governments around the world are hoarding gold, not silver. Everyone should own both silver and gold to protect their families from the devaluation of their currency.
Thank you very much for that
Buy coins for emergency trading,and bars as an inflation hedge.
I love when my father in law brags about his gold and how it insures against disaster. He refuses to believe me about executive order 6102. He watches fox and thinks we can vote our way out of this. Thinks there was fraud in the election but doesn't know if it was enough to change anything. Says he needs to see the proof while simultaneously refuses to look at proof i provide. There is a huge boomer population who literally need the pundits to tell them their reality.
The ones who should be telling everyone else. The lard has hardened and they are trapped in the Lazy Boy 🤦♂️
Pa.
Thetic.
If his 401k looses 90% he will wake up in a big hurry. Both of my brothers are the same way.
The only asset is a real asset (property, precious metals, art, etc.). All bank assets (money in the bank e.g.) are fraudulent and subject to the whimsy of belief, and the manipulations of the system (inflation e.g.).
Stock assets aren't really owned by you, but by Cede & Co. You have certain contractual rights to them, but unless they are directly registered to you (which you have to manually do or buy through an agency that does it) they are instead registered with the DTC. There is no reason to assume stock assets (unless you own the stock certificates themselves, which no one does) will survive a break down in the system. At the least, I recommend direct registration.
In general, mutual funds are even less valuable as they are subject to the whims of the real stock owners (the asset manager that purchases the stocks). When you buy a mutual fund stock what you are really doing is giving your money to the asset manager (they now own the money) and in exchange you sign a contract that gives you rights to some portion of the dividends of their investments. You also have withdrawal rights of money (sometimes "on demand" but not always).
The same can be said of a bank. You do not own "your money" in their bank, you only own withdrawal rights and possible dividends (that are generally much lower than inflation). As long as the money is in their bank they can do whatever the fuck they want with it. They own all use rights.
Once faith is gone in all of these non real assets (and it is failing rapidly) only physical assets will remain meaningful during a transition (worst case scenario of it anyways).
This why i chuckle at the "apes" and their moon, the doublethink of no faith in the market combined with faith in the market controllers.
What about investing in copper? I've been thinking about that. I know it's not a jewel metal but in the long run isn't it a lot more practical than silver or gold?
Practical in what way? I’m not sure I understand your reasoning.
Silver has massive industrial demand in addition to its use as a monetary metal.
Well it's used in electricalwiring and pipes, and isn't it still used in ammo .Maybe I'm all wrong in this but I keep thinking if shtf I would rather have a metal with practical purposes, even if it's not in large quantities it would be something that I could trade. I don't see people having a lot of use in trading silver or gold for food. It's shiny and pretty but very little actual practical use.
Silver is the most conductive metal on the planet. Blows copper out of the water. It's used in all electronics, solar panels, electric vehicles and military applications. There are 800million ounces of silver mined every year, 600million ounces get used in industry and 200million ounces for investment demand. The stuff that is used in industry is basically not recoverable (500 ounces blows up in every tomahawk cruise missile) and the silver in electronics isn't feasible to recover for less than $60 silver. Peak silver mining was reached in 2016 and mine supply has been steadily decreasing since then. Mines that are upcoming are not anything major and will not be enough to meet growing demand.
Coppers were the next denomination down in value from silver historically. Don't let anyone hold you back, but untill general people see a copper coin as worth exchanging goods and services for, the average person is better of going for silver minted rounds.
Ok thank you
I think the intent is to get into something physical (like gold or silver) in case of hyperinflation or the dollar becoming worthless (the same thing). It might be useful if you had physical copper on hand to trade but that isn't very practical. If you're just talking about investing in the commodities markets, I can't offer an informed opinion. Stock markets will inflate with hyperinflation but you'd probably still lose purchasing power in the long run.
To bulky for me.
This is the biggest reason.
I'd buy a big bag of old pennies & that's about all the copper I'd store.
Copper is easier to mine, not as much upside.
Big discounts from SilverGoldBull for the wallstreetsilver Reddit crowd. Get gold too, not just silver...but get silver. www.silvergoldbull.com/ape www.silvergoldbull.ca/ape www.silvergoldbull.co/ape
I've been buying from Golden State Mint.
https://www.goldenstatemint.com/
Wallstreetsilver on reddit - they have a 'deals' page with people sleuthing out the goods.
If you want to help local coin shops you might try http://acoinshop.com he is an honest small Nebraska business and I helped set up his website. Promo code Jesus saves you from shipping costs!
you mean buy more of it
SD Bullion has been my go-to for a loooong time. Aggressive deals for bank wires if you can buy in bulk and make the math work 👍
Picked up 50 more last week on the dip.
Hodling xxxx oz of silver,and it's my favorite investment.
Been there done that. get the absolute cheapest no name silver you can get, because you won't get the premium back you paid for example, an eagle. It gets heavy and you need a place to store it, gold is way easier. Even easier is to buy shares of silver, because you can unload it quick.
It's important to point out that purchases of SLV mean that you own a piece of paper (fake promise) to some portion of a pile of silver that may or may not have been rehypothecated. So, you own nothing.
PSLV is run by Sprott and purchases corresponding physical silver and puts it in a vault that is audited. You know there is physical silver matching your investment.
I personally own some generic 1-ounce rounds of physical silver because I agree that the premium price for Eagles doesn't mean anything if they're both being melted down.
I also personally own PSLV. I would NEVER put money into SLV as it's highly manipulated by the banks in their efforts to hold down the price of physical silver.
This is correct. Don't get SLV.