Can we have a thread about what the hell to do right now?
🗣️ DISCUSSION 💬
First of all, I'm an idiot when it comes to anything financial. I know many of you aren't. What is the safest thing to do with the money (fiat) that we do have right now? Leave it in our local bank? Credit union? Keep it as cash in my sock drawer? Also, the money in my 401k? Switch it over to bonds or something else I don't fully understand? Any thoughts from someone who's been paying better attention to these things than I?
Keep cash, gold and silver at home. Makes sure you are stocked up with food, water, gas etc to last you a few weeks.
I've got a bit of cash, plenty of food, water, some gas, various survival kits, and a generator (not to mention large garden/seeds). Question is: How does one buy PM? I see adds online all the time. Who do I trust? (Edit: I also have guns and ammo)
It depends on where you are situated.
You can always pick up small quantities of PMs from your local jewelry shop and probably buy from many places. There are places that can test the metals and give you a report - worth doing that when you are not sure.
In some countries, they have mints that sell PMs. In US I keep hearing that Miles Franklin is a good place to buy from, but cannot vouch for it first hand.
Great, thank you. I'm in the US.
I found a US based bullion supplier that doesn't charge me tax or shipping on my purchases. I buy online, wait a few days for the order to process and it's at my door via UPS a few days later.
Do a google search to determine if a seller is legit. People have no problem speaking up when they've been ripped off. To determine their fees, add some silver to your cart and go to checkout. This is where you'll see tax, shipping, etc.. Do this at 3 or 4 online sellers and compare prices between them. When you find one you like, place a smallish test order to make sure the process works for you. My first order was like $160 worth of silver rounds.
Thank you! That was very helpful.
Also, don't forget to cancel any orders you don't actually place. If not, they will pester the crap out of you and some places may try to charge you for lost sales.