Sorry that this post isn't about the election today, but I believe the country will spiral downhill relatively fast starting tomorrow and I have an important question to ask.
My wife and I have a chunk of money. We plan splitting our savings into a cash emergency fund that will be half of our money which we will have on hand and turn the rest into silver 1 oz coins.
My father in law is doing the same thing but in a different way. He has cash and silver, but all his silver is American silver eagles which cost around 39 dollars each for 1 oz coins.
He thinks all of his gold and silver will be used for bartering and so he has to buy the most "trusted" and recognizable brand. I think that some silver should be in recognizable American coins but that this bartering period where gold and silver is used will be short and after that the white hats will introduce a new digital currency backed by precious metals. So it makes sense to put most of my money in 1 oz coins that are also made in America but cost 15 dollars less and are being sold by one of the biggest gold and silver sellers in America.
My theory is based on a lot of 8kun research about the new monetary system. So he thinks I should buy only 39 dollar silver coins, I think I should buy mostly 24 dollar silver coins, since they are the same quality, purity and they are also new.
What do you guys think is the best way to go about it?
Buy the most expensive silver coins for "brand recognition" or buy much cheaper silver that is the same quality so that we have more silver to convert into the white hats new digital currency?
I always go here for questions because I trust you guys. I believe this forum is the collective consciousness of the smartest people in the world.
1 Troy oz of Silver = 1 Troy oz of Silver
Doesn't matter what the round is stamped with, just make sure it's pure and not a fake. You can feel the weight of pure silver (there are good fakes out there that cover this) and you can also test it with a magnetic slide if you don't have a spectrometer.
Personally, I'd say get the most weight you can that fits your budget. I only buy bars and rounds, and have stayed clear of gov't currency because of the premium price it comes with.
Edit: I wanted to add a little more to this from a post I made below:
During the Gold and Silver confiscation back in 1933, EO 6102, the only source of precious metals that they could not seize was in jewelry form.
If you're concerned about this happening again, don't buy bars/rounds/coins, but buy it in jewelry form. You can also have a jeweler melt down your stack, and make a linked chain out of it. This allows you to cut off links to use for bartering.
What about legal tender, tho?
If we're talking about a bartering system, then a gov't legal tender is the last thing to worry about because we'd be in a major SHTF scenario where lead, food, and water will be worth their weight in gold.
I agree 100%. Following the rising premiums, I started buying 10 oz poured bars to save money.
Consider: The silver you accumulate may ultimately be tossed into a vat and melted. Does it matter what was stamped on the coin/round when it's to be melted?
I agree 💯