An observation about the current Gold price (paper, obviously) see comments
(media.greatawakening.win)
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Like anyone else who has been paying attention, I have stacked some silver back "just in case." I wonder how much would be a sufficient horde? 100 troy ounces? 1,000 troy ounces? Somewhere in between? Plus of course no one can be sure how the mechanics of such a currency system (silver bars and silver coins) would work. Would such an economy spring up suddenly? Could one purchase food and necessities directly with silver? ... or would we have to go through an exchange intermediary? Just too many unanswered questions.
In a true SHTF scenario it would only delay the inevitable. People with real resources would become the new Robber Barons.
I'm still hoping that the plan involves migrating to a new gold-backed currency and a re-pricing.
My gold and silver should help preserve some of my wealth, even if it doesn't make me a profit.
Sometimes you just need something to start with.
I've NEVER considered my silver to be an "investment"... I have no plans to buy low, sell high. It is purely a stash and a hedge against economic disaster. It will ONLY come out if there is no other medium of exchange. Another precious metal that will become invaluable is lead... the kind of lead that is mated with propulsion capabilities and come in brass jackets. The new denominations will be .308, .45, 9mm, and 5.56.
The way I look at it fren is that there is a total of 244,000 metric tons of gold in the world already found (and supposedly another 2,400,000,000,000,000 tons still on earth), so if there is 8 billion people on the planet there's like 30 grams (or an ounce) for every person. I think it's wise to have more than your share just in case (no one knows how it will work but if you have something of value you have something to trade) I would have some gold for emergencies or big purchases, house / car or something unexpected
1,740,000 metric tons of silver found (and supposedly 45,000,000,000,000,000 tons still out there) so 7 ounces per person of found silver) but I'd have a LOT more than that just in case. You're not going to exchange a piece of gold for a loaf of bread - silver would be a better idea for most things
BTW there is only 10,000 tons of platinum but 3,000,000,000,000,000 tons still on earth.
So looking at these numbers there is a little bit more platinum than gold but a much bigger incentive to find gold than platinum. Bigger incentive than silver also since there is 18 times as much silver than gold but only 7 times as much silver dug up. If silver is less than 18 times gold it probably makes more sense but if it gets to a seventh that of gold - gold would clearly be the better deal
I have approximately 350 troy ounce, so... just in case ya' know.
Never tell anyone how much you have, fren but yeah, that's a good number to keep you & your loved ones fed.
Roger that...
AND don't forget lead...
Silver can be melted into bullets if need be but yeah, that's a good idea. Where do you get it from a hardware store?
I meant lead in the form of off the shelf ammo, but there are bullet molds for any caliber and lead can be found about anywhere. Tire balancing weights, fishing sinkers, rolledin sheets... lead has a low melting point and is sosoft and malleable that some people mix it with a bit of tin and antimony to harden it for ballistic purposes. I used to load my own ammo, but it's a tedious, exacting process and I gave it up.