I’ve never done this before, not even with the smallest amount of buying power. But I’m trusting my gut and doing this one way or another. And I’m about to make the largest purchase of my life. I don’t even count buying my house because that’s basically just a long term loan payment to me based on my credit. I’ve taken out 20k cash from my bank through a HELOC. I’m able to afford the interest payments so that is not the issue. And I know I’m not doing this as a get rich quick scheme, or really with a goal of making any money at all. I simply want to hold the value of my money I’m able to obtain at the moment for when shit hits the fan. I took the money out in cash at first because I didn’t want to buy gold/silver online with a distinct paper trail. But I’m just trying to see if I made the right choice. Will I get the best deal/value for my money by going to a bullion shop/coin dealer shop and buying my metals there? Or would I get my best price online like at jmbullion.com, and just suck up the issue of a paper trail? Thanks in advance, help a fren out on what to do in these crazy times.
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The problem I have with gold is I can trade 2oz of silver for a tank of gas. But how will you barter $ 1800 per Oz of gold.
By the time you are using silver for gas it will be way higher than that
You don't.
Gold is for large balance debt mortgages, car loans, etc.
Silver is your metal for gas, etc.
By going to the guy (merchant) with the stack of silver who does trade between towns. He'll take your gold and give you the equivalent in silver and he would be happy to take your gold with him as he goes to buy $50k in parts, motors, guns, etc. that he sells at his shop, business, etc.
Same as not asking the lemonade stand kid to break your $100 bill. Gold will be useful even in a bartering situation you just need to know who can change $2k to silver and who cant.