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18
GOLD & SILVER THREAD
posted 3 years ago by HotSnakes 3 years ago by HotSnakes +18 / -0

Share your tips and advice for fellow Pedes here. Make this a thread that can be saved and referenced.

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▲ 11 ▼
– deleted 11 points 3 years ago +11 / -0
▲ 10 ▼
– SidneyPowellslover 10 points 3 years ago +10 / -0

I buy silver over gold because it's easier to have smaller "cash" amounts to trade or use for goods.

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▲ 5 ▼
– demonite10 5 points 3 years ago +5 / -0

People typically think of purchasing gold in ounces, however you can also get them in smaller divisions

There are gram-card type products where it's a 'card' of gold comprised of gram sections that are breakable

Silver is more volatile than gold, but it's possible to have the best ROI with silver

Edit: Don't neglect copper. Copper is heavy, so if you don't need to be mobile it's not a bad idea. Copper is in bullets, wires, it can help with sanitizing water, and it's not too tough to work with.

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▲ 2 ▼
– deleted 2 points 3 years ago +2 / -0
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– deleted 3 points 3 years ago +3 / -0
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– spookyjumper 2 points 3 years ago +2 / -0

Invest/save for a purpose. If your purpose is to preserve wealth and purchasing power over the long term, gold might be a bit better than silver. Gold is more stable and will take less size and weight.Also easily passed in your estate if you are looking for a legacy. If you believe you need transactional capability in an economic or grid down scenario, silver is probably a better choice. Even in small amounts, gold holds too much value (in current measures) to be effective for buying a gallon of milk and carton of eggs. Silver will be more readily exchanged, especially "junk" sliver.

My own collection process sets a goal of 10K for silver, split 60/40 between junk and Eagles. Once achieved, then I split my PM budget between gold and silver, At that structure, (and in my budget) I am constrained to buying small gold (1/10th oz and occasional 1/4 oz) and continue with my 60/40 silver split.

I believe my process will achieve by objectives - protect against the possibility of economic calamity in the short run (heavy reliance on silver) and long term protection and stability (gold). YMMV. I believe strongly that we should protect ourselves, BUT within reasonable bounds. Set a budget and don't do dumb things today out of fear of tomorrow.

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▲ 1 ▼
– TNBanjoMan 1 point 3 years ago +1 / -0

I'm heavy into silver and lead. Last time I checked, it was over 22 pounds of silver (pre-1964 coins and some bars), and maybe about half-ton of lead.

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– deleted 1 point 3 years ago +1 / -0

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