If you buy metals, make sure it's physical, or you don't really own it. Physical goods that are useful to you as well as for bartering...food, ammo, non-electric tools, garden, chickens, etc
Your best bet right now would probably be food, depending on how much $$ you are trying to protect. You can probably make some money in the stock market, but it is going to crash at some point - when is the question... so that is fairly risky in my opinion. I do keep some cash on hand (not in a bank), so if I need it quick, I have it here. But the "value" of the dollar is being erased by inflation, so it is not great to hold a bunch of money, but it is good keep enough for a couple months of expenses.
Land is always good, but depending on where you are, it might be very overpriced right now. Here in FL it is outrageous. If you can find a good deal, it might be worth investing in, but then you have to pay yearly taxes, closing costs, etc.
I like the 5 B's.... beans, bullets, bullion, bandaids, and barter.
Converting money into physical gold and silver has always done well for me - you probably won't see the gains you could potentially make in stocks, but it is a good steady hedge against inflation. A silver quarter (90% silver) in the early 60s would buy you a gallon of gas, and today that same silver quarter is worth about $4.50... which will buy you a gallon of gas. The "value" has (roughly) stayed the same over the years, even when the "value" of the dollar has fallen.
IMHO, making sure you have 6-12 months of shelf stable food and a way to purify water (and other life necessities) put away is the smartest investment for your dollar. Food is only going to get more expensive and harder to find over the next few years. It is something you have to have to survive. If you have money left after that I would buy physical gold and silver - and have a secure place to store it in your home - and don't tell anybody you have it!
Junk silver will be more exchangeable than gold initially. Start there than buy some physical gold like gold coins. And if you have any great survival skills you can always barter with those. Liquor is another good exchangeable commodity.
JM Bullion is good for ordering gold and silver. I would love to buy more gold, but you don't get much for what you're paying. I like silver because it's a good band for your buck.
Another way to acquire silver is to keep a look out for dimes, etc. made BEFORE 1965. They contain 90% silver. Everyone has a draw or jar they toss their coin change in. Go thru that and see if you can find any CONSTITUTIONAL SILVER. There are videos of people that go to their bank and buy rolls of dimes etc. and go thru it to find these pre-1965 coins and swap them out and repeat.
Ask frens on GAW to give you names of bullion dealers in your state. If you can drive to pick up the silver/gold do this. You DON’T OWN IT if you DON’T HOLD IT and that means any in transit. When SHTF and you’ve put in an order for coins/bullion, you will probably never see it. Silver will be for barter and gold might just get you a safe haven of land or to pay off your mortgage or serious debt. Start looking for a safe haven NOW - preppers call it a ‘bug out location’ of land off the beaten track where people cannot easily get to. If you can get some cheap land - acres - put a shipping container on it, you could have a tent with provisions already in place with things like shovels, seed, clothes, water, bedding, and anything else you need to survive. In some instances you may never return to your home if your town/city is overwhelmed with predators. Look at alternative routes to this land if major roads get clogged as people leave densely populated areas. The idea is not to stop so take food to sustain, fuel, water. Prepare you trailer and car with spare tyres, spare fan belt, etc. The idea is not to stop until you get to your bug out. Seems pretty drastic but we don’t know the future and we must prepare for the worse but hope for the best. Lynette Zang on YouTube. Amazing advice.
I've bought from these companies online. Silver.com, jmbullion.com, sdbullion.com, moneymetals.com. Some allow an electronic check depending on how much you are spending. You get a better price if can pay "cash" vs credit card.
A great place to start is here Wall Street Silver and then go ahead and check out the "newbies start here" just below the banner.
Sorry for the reddit thread, but it's a pretty based place for reddit.
Otherwise, a LCS (Local Coin Shop) is a good start, and of course online. There's 2 things to know about silver. Spot price is the current price for a troy oz. Premium is the amount above spot you pay for a tOz. You want the premium as low as possible for the best bang for your buck.
Have fun with your new endeavor, be safe, be smart!
Understand that putting your money into precious metals is not investing as in making money - it is protection from loss. The idea is to protect some of your assets in the event that if and when the dollar crashes, you do not lose everything. It is the old adage of not keeping all your eggs in one basket. Metals should never be looked at as a means of investment in order to make a return or profit. If you can do that, then you will be able to ride the ups and downs of the manipulated metals markets. When the dollar does crash, the metals you hold become valuable simply because the dollar is worth less.
Also think in terms of barter items. Ask yourself the question.... if the bottom falls out, what can I use to trade for goods and services? What do I have that others will need or want? This is the type of economy we need to prepare for if the worst happens - which appears more and more likely that this is where we are headed. If you have not prepared in the way of storable food or the means to grow some food, that is top priority - that and a means to have water. Without those things, your money or your metals are going to do little for you.
Please debate me. Not saying I'm right by any means, just looking for discussion.
If the WH are in control, and all the evil are being rounded up and retrieving all the PM that were stolen from us...if that were all the case, shouldn't a USD backed by PM retain it's value and owning Gold/Silver becomes a true investment? Not just a means to sidestep inflation. The worst case scenarios mentioned seem like if it they happened at all would be a very short term scare by the WH to wake everyone up, then pivoting over to the gold backed USD.
Gold and Silver are good stores of value, but you're still going to be relying on fiat with them. If you want to buy groceries or gas, you've got to convert it back to fiat.
And it doesn't help that the vast majority of people have no clue how much gold and silver are worth. Mark Dice has done several videos showing this. So in a barter and trade situation, we may end up trading at a huge lose.
I think crypto will be our lifeboat much like it has been for Venezuelans. That's not investment advice, just the way I see things going. There are thousands of cryptocurrencies now. Most of them won't do shit. But some of them will, out of sheer necessity.
Love Mark’s videos on this topic. ‘Would you like a bar of chocolate or a bar of gold’. Chocolate please. Chocolate. Chocolate please. You don’t want gold? Nope, the chocolate - What if I told you you can cash that gold bar in and buy lots of chocolate- no, chocolate please. Then finally. You chose chocolate- what if I told you this bar of gold could be cashed in at that coin shop just there. Still want the chocolate? Yep. How much do you think you would get for this bar of gold? Worth nothing. Are you sure? Yes. This bar of gold if you took it into that coin dealer NOW he would give you cash for it. How much? $1700.00 (old video). Can I have the gold instead of the chocolate? Nope. Lesson learned. 😂
Silver at 80:1 v gold i'd stay w/ silver as my PM. Theta for my Crypto is far and away my #1 pick. IN HAND physical for silver and Own you keys (no exchange) for any crypto. Paper wallet and Diamond Hands
TY that was a short and went down sweet ! Right on
If you buy metals, make sure it's physical, or you don't really own it. Physical goods that are useful to you as well as for bartering...food, ammo, non-electric tools, garden, chickens, etc
Cash. Seeds. Spend on being able to produce the stuff you buy every week. Spend on things you can hold, hide or move.
Your best bet right now would probably be food, depending on how much $$ you are trying to protect. You can probably make some money in the stock market, but it is going to crash at some point - when is the question... so that is fairly risky in my opinion. I do keep some cash on hand (not in a bank), so if I need it quick, I have it here. But the "value" of the dollar is being erased by inflation, so it is not great to hold a bunch of money, but it is good keep enough for a couple months of expenses.
Land is always good, but depending on where you are, it might be very overpriced right now. Here in FL it is outrageous. If you can find a good deal, it might be worth investing in, but then you have to pay yearly taxes, closing costs, etc.
I like the 5 B's.... beans, bullets, bullion, bandaids, and barter.
Converting money into physical gold and silver has always done well for me - you probably won't see the gains you could potentially make in stocks, but it is a good steady hedge against inflation. A silver quarter (90% silver) in the early 60s would buy you a gallon of gas, and today that same silver quarter is worth about $4.50... which will buy you a gallon of gas. The "value" has (roughly) stayed the same over the years, even when the "value" of the dollar has fallen.
IMHO, making sure you have 6-12 months of shelf stable food and a way to purify water (and other life necessities) put away is the smartest investment for your dollar. Food is only going to get more expensive and harder to find over the next few years. It is something you have to have to survive. If you have money left after that I would buy physical gold and silver - and have a secure place to store it in your home - and don't tell anybody you have it!
Gold, silver, and crypto.
Bonus points for GME
Get a few shares of GME as well.
Physical gold and silver stored with you or easily gotten to.
gold, silver, brass, lead
Gamestop then buy bullion after the short squeeze.
Thats what I'm doing anyway. Not financial advice.
Smart ape.
Junk silver will be more exchangeable than gold initially. Start there than buy some physical gold like gold coins. And if you have any great survival skills you can always barter with those. Liquor is another good exchangeable commodity.
With WHOM?
I will take no worthless, heavy metals, in this future you people are LARPing.
My Bulk ammo from a few years ago is 10x stock market returns. LOL.
And the guy you trade with kills you and takes it all.
No it isn't.
JM Bullion is good for ordering gold and silver. I would love to buy more gold, but you don't get much for what you're paying. I like silver because it's a good band for your buck.
SDBullion is also good.
I can't afford to stack anything but skill, tooling, knowledge and comms. With these I can barter for fuel, flour, water and precious metals.
Damn straight. Those are highly marketable skills, good for you fren!!
Skills will be currency.
Another way to acquire silver is to keep a look out for dimes, etc. made BEFORE 1965. They contain 90% silver. Everyone has a draw or jar they toss their coin change in. Go thru that and see if you can find any CONSTITUTIONAL SILVER. There are videos of people that go to their bank and buy rolls of dimes etc. and go thru it to find these pre-1965 coins and swap them out and repeat.
Can you tell me where to buy silver or gold?
Ask frens on GAW to give you names of bullion dealers in your state. If you can drive to pick up the silver/gold do this. You DON’T OWN IT if you DON’T HOLD IT and that means any in transit. When SHTF and you’ve put in an order for coins/bullion, you will probably never see it. Silver will be for barter and gold might just get you a safe haven of land or to pay off your mortgage or serious debt. Start looking for a safe haven NOW - preppers call it a ‘bug out location’ of land off the beaten track where people cannot easily get to. If you can get some cheap land - acres - put a shipping container on it, you could have a tent with provisions already in place with things like shovels, seed, clothes, water, bedding, and anything else you need to survive. In some instances you may never return to your home if your town/city is overwhelmed with predators. Look at alternative routes to this land if major roads get clogged as people leave densely populated areas. The idea is not to stop so take food to sustain, fuel, water. Prepare you trailer and car with spare tyres, spare fan belt, etc. The idea is not to stop until you get to your bug out. Seems pretty drastic but we don’t know the future and we must prepare for the worse but hope for the best. Lynette Zang on YouTube. Amazing advice.
I've bought from these companies online. Silver.com, jmbullion.com, sdbullion.com, moneymetals.com. Some allow an electronic check depending on how much you are spending. You get a better price if can pay "cash" vs credit card.
A great place to start is here Wall Street Silver and then go ahead and check out the "newbies start here" just below the banner.
Sorry for the reddit thread, but it's a pretty based place for reddit.
Otherwise, a LCS (Local Coin Shop) is a good start, and of course online. There's 2 things to know about silver. Spot price is the current price for a troy oz. Premium is the amount above spot you pay for a tOz. You want the premium as low as possible for the best bang for your buck.
Have fun with your new endeavor, be safe, be smart!
Anything tangible before prices go up. Paint, canned peas, land, car parts etc. Buy what you need most.
Food, water, silver, crypto, guns, and keep some cash at home in case the ATMs shut down
Understand that putting your money into precious metals is not investing as in making money - it is protection from loss. The idea is to protect some of your assets in the event that if and when the dollar crashes, you do not lose everything. It is the old adage of not keeping all your eggs in one basket. Metals should never be looked at as a means of investment in order to make a return or profit. If you can do that, then you will be able to ride the ups and downs of the manipulated metals markets. When the dollar does crash, the metals you hold become valuable simply because the dollar is worth less.
Also think in terms of barter items. Ask yourself the question.... if the bottom falls out, what can I use to trade for goods and services? What do I have that others will need or want? This is the type of economy we need to prepare for if the worst happens - which appears more and more likely that this is where we are headed. If you have not prepared in the way of storable food or the means to grow some food, that is top priority - that and a means to have water. Without those things, your money or your metals are going to do little for you.
Please debate me. Not saying I'm right by any means, just looking for discussion.
If the WH are in control, and all the evil are being rounded up and retrieving all the PM that were stolen from us...if that were all the case, shouldn't a USD backed by PM retain it's value and owning Gold/Silver becomes a true investment? Not just a means to sidestep inflation. The worst case scenarios mentioned seem like if it they happened at all would be a very short term scare by the WH to wake everyone up, then pivoting over to the gold backed USD.
Gold and Silver are good stores of value, but you're still going to be relying on fiat with them. If you want to buy groceries or gas, you've got to convert it back to fiat.
And it doesn't help that the vast majority of people have no clue how much gold and silver are worth. Mark Dice has done several videos showing this. So in a barter and trade situation, we may end up trading at a huge lose.
I think crypto will be our lifeboat much like it has been for Venezuelans. That's not investment advice, just the way I see things going. There are thousands of cryptocurrencies now. Most of them won't do shit. But some of them will, out of sheer necessity.
Love Mark’s videos on this topic. ‘Would you like a bar of chocolate or a bar of gold’. Chocolate please. Chocolate. Chocolate please. You don’t want gold? Nope, the chocolate - What if I told you you can cash that gold bar in and buy lots of chocolate- no, chocolate please. Then finally. You chose chocolate- what if I told you this bar of gold could be cashed in at that coin shop just there. Still want the chocolate? Yep. How much do you think you would get for this bar of gold? Worth nothing. Are you sure? Yes. This bar of gold if you took it into that coin dealer NOW he would give you cash for it. How much? $1700.00 (old video). Can I have the gold instead of the chocolate? Nope. Lesson learned. 😂
If we are without electricity or internet, you’re not. Gold and silver every time.
Buy land you can farm.
Silver at 80:1 v gold i'd stay w/ silver as my PM. Theta for my Crypto is far and away my #1 pick. IN HAND physical for silver and Own you keys (no exchange) for any crypto. Paper wallet and Diamond Hands
This and GME. To the moon!