Second. There will be big bank closures, but the little independents will likely continue without too much trouble. Mine is already training on the new non-SWIFT system. They've been working hard on the new "update," as they call it.
Nice. I'm going to shop for one. I'm also going to go get a bullion just to have one, if I can afford it. I know (a) gold bullion, silly I know. I have no idea how much it is. Maybe get more but I doubt it. ;)
Many experts believe that both gold and silver are seriously undervalued, but the manipulation is greater with silver. Therefore, the value of silver may increase faster than gold.
You can be your own bank. Obviously keep enough fiat in the bank to pay bills, but consider moving the rest to precious metals. If you need emergency cash, you can convert the silver back into fiat (likely at a profit, considering the currently suppressed price).
Of course, not financial advice. Just sharing info.
I’m not in the US but there should be many on here that stack silver that can help you. For example. If you are in Arizona or could drive there in a day and come home, I would go to Scottsdale Mint. I love their silver! But before you go see if you can buy immediately over the counter and walk out with it. If you don’t hold it you don’t own it. Ask here so Silver Coin/bullion stackers know of any REPUTABLE silver bullion dealers in your state. Time is of the essence. You should not be buying silver/gold if you have to wait weeks for it❗️❗️
It doesn’t matter. Coins or bullion. You are stacking ounces. The idea is to get as much silver for the cheapest price. The premiums will not go down. You need to bite the bullet and buy some silver now. REMEMBER. If you don’t hold it in your hand, you DO NOT OWN IT. Look up Lynette Zang on YouTube.
I would try to put 100% of your retirement funds into PRPFX. The Permanent Portfolio Fund. Their target allocation is 25% gold/precious metals / 25% growth stocks / 25% US treasury bonds / 25% t-bills.
I don't understand why you all are so sure small banks are safe. When the banks went to hell in the 1980s recession, the small banks were the first to go.
Second. There will be big bank closures, but the little independents will likely continue without too much trouble. Mine is already training on the new non-SWIFT system. They've been working hard on the new "update," as they call it.
Nice. I'm going to shop for one. I'm also going to go get a bullion just to have one, if I can afford it. I know (a) gold bullion, silly I know. I have no idea how much it is. Maybe get more but I doubt it. ;)
Silver is much cheaper than gold and probably easier to trade in smaller values if shit breaks down.
Also, food, water, batteries, toilet paper, bullets, etc will be very tradable.
Thanks for the mention of batteries, been meaning to get more, also cigarettes and alcohol of all kinds will be easily traded.
Many experts believe that both gold and silver are seriously undervalued, but the manipulation is greater with silver. Therefore, the value of silver may increase faster than gold.
You can be your own bank. Obviously keep enough fiat in the bank to pay bills, but consider moving the rest to precious metals. If you need emergency cash, you can convert the silver back into fiat (likely at a profit, considering the currently suppressed price).
Of course, not financial advice. Just sharing info.
TY Good points.
Where is a good place to get silver?
Money metals got 50 10 oz bars in 3 days!
I’m not in the US but there should be many on here that stack silver that can help you. For example. If you are in Arizona or could drive there in a day and come home, I would go to Scottsdale Mint. I love their silver! But before you go see if you can buy immediately over the counter and walk out with it. If you don’t hold it you don’t own it. Ask here so Silver Coin/bullion stackers know of any REPUTABLE silver bullion dealers in your state. Time is of the essence. You should not be buying silver/gold if you have to wait weeks for it❗️❗️
ScottsdaleSilver.com.
Silver.com (JM Bullion) ripped me off on a lost shipment, and their claims department is a joke. I will never use or recommend them again.
Many purchase from local coin shops (LCS). Many purchase from large companies like APMEX and others.
You can learn much about silver at WallStreetSilver on reddit.
about silver.....is there a way to avoid the drastic premium prices?....and should one buy known silver COINS vs bullion?.....
and what about the stock market?....have all my retirement in there, half defensive stocks and half bonds....
It doesn’t matter. Coins or bullion. You are stacking ounces. The idea is to get as much silver for the cheapest price. The premiums will not go down. You need to bite the bullet and buy some silver now. REMEMBER. If you don’t hold it in your hand, you DO NOT OWN IT. Look up Lynette Zang on YouTube.
I would try to put 100% of your retirement funds into PRPFX. The Permanent Portfolio Fund. Their target allocation is 25% gold/precious metals / 25% growth stocks / 25% US treasury bonds / 25% t-bills.
That's about as hedged as you can get.
Best to buy silver. NOW! It’s cheap.
Look at you, stacking silver.
Where are you based, Matilda? Which state? I'm in Vic.
I don't understand why you all are so sure small banks are safe. When the banks went to hell in the 1980s recession, the small banks were the first to go.
Exactly. And if stuff goes like we think it's going to go, it's not going to matter anyway. It will be a painless transition
100% correct. Most of these small banks are linked to the big ones. There will be a domino affect.