I've been buying the heckout of it for the last 2 years,I have a lot of silver bars,and silver krugerands,they have one of the lowest premium of all the national coins.
Lately I've been buying 1964 and earlier American silver coins,they are considered better for prepping.,and they are not making anymore.
They are getting a lot harder to find,but all the big bullion dealers sell them. They are only around 90% silver,they are priced in a multitude of face value.
Google up jm bullion,sd bullion and apmex They are a little more expensive, shop around a bit, a see sd bullion has a roll of quarters for 247.00
They are also called junk or constitutional silver.
Just getting into this myself. The place I spoke to said they get it straight from the mint. How would they test it though? They told me since they get it from the mint, they trust it's legit.
He means it's primary silver,not secondary purchased from retai seller and resold. Unless it's a shady pawn shop in a really bad part of town,that also sells crack pipes,I would trust them.
Some coins have security features, like the krugerands I mentioned above,they have micro engraving on the coin,that can only be see with a 10 x or so magnification
Also silver can be picked up and dropped in your hand,it has a very distinct sound.
If your really concerned about it,order online from the big dealers,one of the best deals out their is ordering online from Walmart, they just have apmex ship it,and it's actual cheaper from Walmart than apmex.
Although I have both, I have far more silver than gold. If you look at the following website, the gold to dollar ratio is about $7254 but the dollar to silver ratio is about $984. Seeing that gold today is approximately $1667 per ounce and silver is approximately $19.24 per ounce, silver is much more undervalued.
Don’t consider this an investment, in the traditional sense. This is a hedge against a total collapse of our currency - a way to transact with other people who will not want dollars.
In this context, you will want a mix of both. Silver is good for smaller transactions (side of beef?) whereas gold is good for larger transactions (vehicles, weapons?) due to their intrinsic value difference.
Yeah, that’s how I’m looking at it. Also been working on getting things in different areas such as a gun, ammo, storable/ non-perishable food. Just extra stuff that’d be good to trade, also. Like everyone, it’s limited by cash on hand, though.
I have none. I am constantly harassed by Acts of God when sailing.
So, somewhere at the bottom....
However, if I had to buy, indeed I would buy silver 1To bullion. The reason is, they are easier to trade. And at times, when my stacking would have brought me to the point of acquiring the gold, and the exchange rate is ok, I would also try to pass on the silver to another stacker in exchange for some needed fiat to appease the money dealer.
The next step would be to find businesses locally who would transact in silver bullion. This way, business can be performed in a trust environment. The wider is grows the better. The next step is to acquire silver and gold by exchanging work force.
On top of this we can then built inter regional transaction schemes.
The hurdle I see currently with such ideas is the fact that we have no clue as to the price of things, meaning: value in terms of settling or clearance of contract. We are divorced from that sense.
A bit akin to knowing that a silver round of 1 TO would equal a days wages. It would also means that 15 /16 days of wages would satisfy the value of a Gold TO. We are far removed from such notions.
So, next to acquiring those items of brilliance and desire, I would recommend to study pricing in these terms.
But by all accounts, silver is the most undervalued of the two.
Gold not so much.
I think of it in terms of postage stamps that used to be backed by the Gold franc. So a stamp of 2 dollar cents would equal 0,02 over 35$ for a TO of Gold. That gives us a ratio of 0,00057. Current stamps for the same weight to be transported are 0,96 euro cents. We just divide 0,96 by this ratio of 0,00057 and gives us a Euro amount for Gold of 1680. At parity that would be 1680 dollars.
The current gold price is about: 1680 in dollars and 1722 in Euro. Quite astonishing, is it not? In my view, this means a gold standard is still applied to some degree, despite the fact that the UPU has gone fiat on Special Drawing Rights and uses a basket of currencies to stabilize value.
It does show, however, that of the two Silver has the highest potential to rise due to price suppression. The exchange ratio of 86 or even 110 is just rubbish. Historically that should be 1:15 or 1:16. Which would presuppose a fiat value of 105 dollar as opposed to the current value of about 19,55. It can appreciate 5 to 6 times to balance out.
If such a scenario would occur, then I would expect the price of Gold to rise too. And whether that would be 10K, or 100K in dollars is simply a matter of speculation. Fact then would be that the system not has collapsed but has become more stable. And only those who have this stuff, notice the stabilizing effect. Those without will be hurt.
In a way, these bullion coins represent the connection between a weight in gold or silver and numismatic value. It defines what a dollar, Pound or Euro is. A certain amount of silver. This also brings to light what it is not. A dollar is not a Federal Reserve Note, or a Euro or Pound Note.
We’ve been, as people, so far removed from trade using silver and/or gold that it might take a little while to establish a value compared to goods and services but I’m sure it would get figured out rather quickly out of necessity.
Gold if you can afford it. Stack 1oz silver rounds. 1oz coins are typically more expensive so stuck with rounds as they contain the same amount of bullion. I'm a fan of the buffalo round.
Coins are minted by official government i.e American silver eagles and Canadian maple leafs. They come at a higher premium over spot prices than rounds. Best bang for your buck are rounds so when you are trying to stack for max quantity, saving on the premium by buying rounds is the way to go.
Silver Dragon's YouTube channel is a great place to learn. Tons of informative videos that are typically under 15 mins.
I've had great experiences ordering from JM Bullion and SD Bullion.
Buy generic silver rounds bc when SHTF the buyer won't care if it is a 1909 silver dollar, he will only care that it is 99.9 pure silver and silver coins are alloys , only about 80% silver. Silver will out preform gold 5 to 1 your portfolio should be 80% silver 20 % gold. And as spoken here get ounces for silver , grams for gold. One more thing try to purchase your silver rounds with a mint mark , fraud is rampant, especially Chinese products don't buy on line buy in person and pay the piper his fee, usually 5 bucks over spot. And your dealer should have a tester machine to test for validation . Now is a great time to aquire silver , I have only one ounce of gold and 50 pounds of silver , I didn't follow the 80/ 20 bc I was new and didn't know 1.5 years ago. And buy weapons and ammo . And most importantly much more than metals is to purchase dry goods that you can store for years. And no matter what goes down , don't panic. Put your faith in God! What state are you in?
Yeah, I will be buying silver primarily because of the cost. Silver would be more usable for smaller transactions when the shtf if there are actually any people left, to trade with, from the vaccine carnage.
I cant offer any advice regarding precious metals...but make.sure you have sufficient lead in your portfolio as well- along with suitable "investment vehicles".
Silver, because it is also an industrial metal, it is also relatively affordable, so you can stack it every week..
Gold is pretty tho. and if you have thousands of dollars spare, it is compact.
They are to some extent linked, however, silver has been far more suppressed than gold, because of its industrial status. The price had to be kept low to keep technology affordable. When SHTF the price will shoot up. Plus, it is being used up, unlike gold.
Copper is fun as gifts for kids, but one has to keep tons of it to store wealth. The price of a copper ounce is mostly a minting fee.
In my short amount of time looking at precious metals, silver seemed to be a better value for your money with more room to increase in value. Do you think In a SHTF scenario, copper coins would have a use or just never going to be worth much?
There may be a demand for larger diameter copper pipes used in the construction of distillers. I haven't calculated the premiums for pipe, but they should be recoverable when you sell. Don't forget the solder, another commodity metal product.
Copper wire would be another way to invest in copper in a way that would recover the premiums. But without grid electricity the demand for wire might be limited. Or maybe there would be demand for wiring up batteries and solar panels. Or for field telephones. People may not want to rip open their walls just to get the copper wire out.
Copper rounds are just nice artwork to me. The premiums are insane. Probably not a useful exchange medium because so few people would have them. I can't think of any practical use for them.
Also there is a new innovation in precious metals, the Goldback. Premiums are a bit high, but you can get these polymer "banknotes" in denominations as small as 1/1000th oz. The gold foil is contained between polymer sheets.
I do actually have a good bit of solder (no pipe) and I just bought a 250’ roll of 12/2 wire (only needed 30’) to have extra in case it’s hard to get, for my use or to potentially be able to trade.
Both silver and gold are good,silver is way more undervalued right now,so is considered better.
Goto r/ wallstreet silver and read the info their for new comers. Place is really based a lot of us are over their,shitposting
I do have a small amount. Just started a couple months ago and wanted to get some feedback from more knowledgeable people. Thanks.
I've been buying the heckout of it for the last 2 years,I have a lot of silver bars,and silver krugerands,they have one of the lowest premium of all the national coins.
Lately I've been buying 1964 and earlier American silver coins,they are considered better for prepping.,and they are not making anymore.
I would say silver buffalos to your point
How easy are they to find? How do they price them?
They are getting a lot harder to find,but all the big bullion dealers sell them. They are only around 90% silver,they are priced in a multitude of face value. Google up jm bullion,sd bullion and apmex They are a little more expensive, shop around a bit, a see sd bullion has a roll of quarters for 247.00
They are also called junk or constitutional silver.
Alright, thanks.
Just getting into this myself. The place I spoke to said they get it straight from the mint. How would they test it though? They told me since they get it from the mint, they trust it's legit.
I watched that video. I had no idea that a magnet would do anything to silver coins.
Very much so! I thought it would have to contain some iron to do that.
Alright, thanks.
He means it's primary silver,not secondary purchased from retai seller and resold. Unless it's a shady pawn shop in a really bad part of town,that also sells crack pipes,I would trust them.
Some coins have security features, like the krugerands I mentioned above,they have micro engraving on the coin,that can only be see with a 10 x or so magnification
Also silver can be picked up and dropped in your hand,it has a very distinct sound.
If your really concerned about it,order online from the big dealers,one of the best deals out their is ordering online from Walmart, they just have apmex ship it,and it's actual cheaper from Walmart than apmex.
Thank you.
buy silver dollars
Old or new? Is the higher price on the new ones worth it over just one of the other cheaper one ounce coins?
Old are for collectors... new is just spot price.
doesn't make any difference
If you're on reddit check out r/wallstreetsilver. Alot of good info.just don't get caught up in the moon hype.
I can't say the supply is drying up but the 2 shops I go to have been real low on inventory and having a hard time getting it.
Get it while you can!
Gold when I can afford it. Silver when I can’t.
I understand that.
Silver in small denominations. Gold in smaller denominations.
I've been stacking silver and dwac. That's my strategy. Fwiw.
NioCorp just dropped below $1. better buy while it’s cheap.
Silver is greatly undervalued. Get it while you can.
Gold stores more mobile wealth.
Silver would be easier for most transactions in a collapsed economy.
Although I have both, I have far more silver than gold. If you look at the following website, the gold to dollar ratio is about $7254 but the dollar to silver ratio is about $984. Seeing that gold today is approximately $1667 per ounce and silver is approximately $19.24 per ounce, silver is much more undervalued.
https://usdebtclock.org/gold-precious-metals.html
But they are both actually more than that, right? Because those would be the spot price and then a premium would be added?
Don’t consider this an investment, in the traditional sense. This is a hedge against a total collapse of our currency - a way to transact with other people who will not want dollars.
In this context, you will want a mix of both. Silver is good for smaller transactions (side of beef?) whereas gold is good for larger transactions (vehicles, weapons?) due to their intrinsic value difference.
Yeah, that’s how I’m looking at it. Also been working on getting things in different areas such as a gun, ammo, storable/ non-perishable food. Just extra stuff that’d be good to trade, also. Like everyone, it’s limited by cash on hand, though.
Sounds like you are on the right path.
gold is easy to get, just find rappers with lots of gold on them.
Wait til the vaccine kicks in and their gold is there for the taking.
I have none. I am constantly harassed by Acts of God when sailing.
So, somewhere at the bottom....
However, if I had to buy, indeed I would buy silver 1To bullion. The reason is, they are easier to trade. And at times, when my stacking would have brought me to the point of acquiring the gold, and the exchange rate is ok, I would also try to pass on the silver to another stacker in exchange for some needed fiat to appease the money dealer.
The next step would be to find businesses locally who would transact in silver bullion. This way, business can be performed in a trust environment. The wider is grows the better. The next step is to acquire silver and gold by exchanging work force.
On top of this we can then built inter regional transaction schemes.
The hurdle I see currently with such ideas is the fact that we have no clue as to the price of things, meaning: value in terms of settling or clearance of contract. We are divorced from that sense.
A bit akin to knowing that a silver round of 1 TO would equal a days wages. It would also means that 15 /16 days of wages would satisfy the value of a Gold TO. We are far removed from such notions.
So, next to acquiring those items of brilliance and desire, I would recommend to study pricing in these terms.
But by all accounts, silver is the most undervalued of the two.
Gold not so much.
I think of it in terms of postage stamps that used to be backed by the Gold franc. So a stamp of 2 dollar cents would equal 0,02 over 35$ for a TO of Gold. That gives us a ratio of 0,00057. Current stamps for the same weight to be transported are 0,96 euro cents. We just divide 0,96 by this ratio of 0,00057 and gives us a Euro amount for Gold of 1680. At parity that would be 1680 dollars.
The current gold price is about: 1680 in dollars and 1722 in Euro. Quite astonishing, is it not? In my view, this means a gold standard is still applied to some degree, despite the fact that the UPU has gone fiat on Special Drawing Rights and uses a basket of currencies to stabilize value.
It does show, however, that of the two Silver has the highest potential to rise due to price suppression. The exchange ratio of 86 or even 110 is just rubbish. Historically that should be 1:15 or 1:16. Which would presuppose a fiat value of 105 dollar as opposed to the current value of about 19,55. It can appreciate 5 to 6 times to balance out.
If such a scenario would occur, then I would expect the price of Gold to rise too. And whether that would be 10K, or 100K in dollars is simply a matter of speculation. Fact then would be that the system not has collapsed but has become more stable. And only those who have this stuff, notice the stabilizing effect. Those without will be hurt.
In a way, these bullion coins represent the connection between a weight in gold or silver and numismatic value. It defines what a dollar, Pound or Euro is. A certain amount of silver. This also brings to light what it is not. A dollar is not a Federal Reserve Note, or a Euro or Pound Note.
We’ve been, as people, so far removed from trade using silver and/or gold that it might take a little while to establish a value compared to goods and services but I’m sure it would get figured out rather quickly out of necessity.
Yes, indeed.
To cut short on that time, that is why I teach these skills in my region and try to raise awareness.
Human society in a free state, is a miraculous thing to behold. It also shows the evil of the cult of obedience for the sake of it.
Gold if you can afford it. Stack 1oz silver rounds. 1oz coins are typically more expensive so stuck with rounds as they contain the same amount of bullion. I'm a fan of the buffalo round.
Hmm. Do you mind explaining the difference between the coins and rounds? I didn't know there was a choice besides coin (or bars). thanks.
Coins are minted as verified currency. Rounds are unofficial "coins" based on their weight and material.
I see. Thanks.
Coins are minted by official government i.e American silver eagles and Canadian maple leafs. They come at a higher premium over spot prices than rounds. Best bang for your buck are rounds so when you are trying to stack for max quantity, saving on the premium by buying rounds is the way to go.
Silver Dragon's YouTube channel is a great place to learn. Tons of informative videos that are typically under 15 mins.
I've had great experiences ordering from JM Bullion and SD Bullion.
Thank you for the info.
I'd suggest 70% Silver, 25% Gold, 5% other precious metals like palladium and platinum if you want to diversify. Wouldn't bother with copper.
Buy generic silver rounds bc when SHTF the buyer won't care if it is a 1909 silver dollar, he will only care that it is 99.9 pure silver and silver coins are alloys , only about 80% silver. Silver will out preform gold 5 to 1 your portfolio should be 80% silver 20 % gold. And as spoken here get ounces for silver , grams for gold. One more thing try to purchase your silver rounds with a mint mark , fraud is rampant, especially Chinese products don't buy on line buy in person and pay the piper his fee, usually 5 bucks over spot. And your dealer should have a tester machine to test for validation . Now is a great time to aquire silver , I have only one ounce of gold and 50 pounds of silver , I didn't follow the 80/ 20 bc I was new and didn't know 1.5 years ago. And buy weapons and ammo . And most importantly much more than metals is to purchase dry goods that you can store for years. And no matter what goes down , don't panic. Put your faith in God! What state are you in?
Yeah, I will be buying silver primarily because of the cost. Silver would be more usable for smaller transactions when the shtf if there are actually any people left, to trade with, from the vaccine carnage.
I cant offer any advice regarding precious metals...but make.sure you have sufficient lead in your portfolio as well- along with suitable "investment vehicles".
Yeah I have some of that precious metal, too.
Probably silver. They've been manipulating gold. You could also look at palladium.
Work at a funeral home and take the gold fillings.
Make sure you also invest in some lead.
Without that precious metal, the other metals could be gone.
Silver, because it is also an industrial metal, it is also relatively affordable, so you can stack it every week..
Gold is pretty tho. and if you have thousands of dollars spare, it is compact.
They are to some extent linked, however, silver has been far more suppressed than gold, because of its industrial status. The price had to be kept low to keep technology affordable. When SHTF the price will shoot up. Plus, it is being used up, unlike gold.
Copper is fun as gifts for kids, but one has to keep tons of it to store wealth. The price of a copper ounce is mostly a minting fee.
In my short amount of time looking at precious metals, silver seemed to be a better value for your money with more room to increase in value. Do you think In a SHTF scenario, copper coins would have a use or just never going to be worth much?
I think in a SHTF scenario, collectibles such as copper kettles, urns and such better value.
Copper coins not so much, but as I said, they make good gifts for kids.
They will have a use just because they are a conductor but look at scrap metal and just tin. Tin melts at 450 is very useful
Also, will there be a market for copper?
Don't bother with copper, it's value will probably drop when construction and the economy go down.
Good advice, power companies replace copper with aluminum.
There may be a demand for larger diameter copper pipes used in the construction of distillers. I haven't calculated the premiums for pipe, but they should be recoverable when you sell. Don't forget the solder, another commodity metal product.
Copper wire would be another way to invest in copper in a way that would recover the premiums. But without grid electricity the demand for wire might be limited. Or maybe there would be demand for wiring up batteries and solar panels. Or for field telephones. People may not want to rip open their walls just to get the copper wire out.
Copper rounds are just nice artwork to me. The premiums are insane. Probably not a useful exchange medium because so few people would have them. I can't think of any practical use for them.
Also there is a new innovation in precious metals, the Goldback. Premiums are a bit high, but you can get these polymer "banknotes" in denominations as small as 1/1000th oz. The gold foil is contained between polymer sheets.
I do actually have a good bit of solder (no pipe) and I just bought a 250’ roll of 12/2 wire (only needed 30’) to have extra in case it’s hard to get, for my use or to potentially be able to trade.