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| Survival/Preparedness Forum Hurricane, flood, tornado, little green men from mars. Are You prepared? |
09-11-2006, 12:31 AM
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#11 (permalink)
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Indian Admin
Join Date: Feb 2004
Location: About 40 mi. north of Atlanta.
Posts: 5,830
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Quote:
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Originally Posted by sniper69
True, I just kick myself in the butt at times for not investing in precious metals when they cost less. I remember when silver was $6-$7/oz and now it is over $12/oz. and when gold was less than $400/oz and it is now around $600 or more an oz..
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Well -- I remember in the late '80's when I leveraged everything I had into silver on the Chicago market at $11 and watched it go to $7. My friend, it's never an easy call.
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Originally Posted by sniper69
I wonder though if the pre-1964 90% silver coins are a good way to go for those that can't afford others. I had a buddy of mine offer to sell or trade me a bunch of peace and morgan dollars. But he is holding on to them for the time being.
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There's a well established market on those. Friday's Wall Street is in the bottom of the can but I'll check tomorrow -- I think they're quoted.
Edit -- Quick look shows a little over 9 times face.
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There is no nonsense so errant that it cannot be made the creed of the vast majority by adequate governmental action. --
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09-11-2006, 01:22 AM
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#12 (permalink)
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Gunco Veteran
Join Date: Mar 2004
Location: Glen Dale, WV
Posts: 1,523
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I relly don;t understand the whole, buy gold for a SHTF secenario?
If the SHTF, I think thinkg like toilet paper, and cigarettes will be way more valuable. If society takes a complete dump, WTH good will gold or silver do anyone?
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Repeal FOPA NOW!!!!!
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09-11-2006, 01:40 AM
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#13 (permalink)
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Join Date: Feb 2004
Location: Spokane
Posts: 229
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Toilet paper AKA "Mountain Gold" when out hiking/riding/sledding.
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09-11-2006, 06:41 AM
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#14 (permalink)
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Indian Admin
Join Date: Feb 2004
Location: About 40 mi. north of Atlanta.
Posts: 5,830
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Because someone other than you may have the toilet paper.
__________________
There is no nonsense so errant that it cannot be made the creed of the vast majority by adequate governmental action. --
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
"Never attribute to malice that which can be adequately explained by stupidity." Robert J. Hanlon
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09-11-2006, 08:16 AM
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#15 (permalink)
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Administrator
Join Date: Dec 2004
Posts: 4,996
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Quote:
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Originally Posted by mike26038
I relly don;t understand the whole, buy gold for a SHTF secenario?
If the SHTF, I think thinkg like toilet paper, and cigarettes will be way more valuable. If society takes a complete dump, WTH good will gold or silver do anyone?
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Mike, I like the way you think!! you are a true survivalist! |
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10-27-2006, 07:01 PM
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#16 (permalink)
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Gunco Regular
Join Date: May 2006
Posts: 309
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FYI - Silver broke $12 again yesterday.
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10-27-2006, 07:18 PM
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#17 (permalink)
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Gunco Regular
Join Date: Mar 2004
Posts: 812
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I think what you are seeing there is the dollar going into the crapper, a situation that will only contine with our trade deficit and the FEDs unwillingness to raise interest rates because they are scared it will cause the housing market to further deflate as all those ARM loans reset. so one way to hedge against a weak dollar is silver or gold.
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10-27-2006, 07:23 PM
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#18 (permalink)
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Administrator
Join Date: Feb 2004
Location: Was Germany, now Ohio
Posts: 5,924
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Quote:
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Originally Posted by meyerse
I think what you are seeing there is the dollar going into the crapper, a situation that will only contine with our trade deficit and the FEDs unwillingness to raise interest rates because they are scared it will cause the housing market to further deflate as all those ARM loans reset. so one way to hedge against a weak dollar is silver or gold.
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agreed!
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"To show you how radical I am, I want carjackers dead. I want rapists dead. I want burglars dead. I want child molesters dead. I want the bad guys dead. No court case. No parole. No early release. I want 'em dead. Get a gun and when they attack you, shoot 'em."
Ted Nugent - speaking at the NRA convention April 17, 2005
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10-27-2006, 08:06 PM
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#19 (permalink)
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Gunco Regular
Join Date: Mar 2004
Posts: 812
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I'll continue my rant...The Chinese are propping up our currency while pegging thiers against it. This makes thier imports LOOK cheeper than they should be on the order of 40%. Once they have it all, they then can start dumping that ONE TRILLION in US currency they hold.
Yes that is Trillion with a T
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11-02-2006, 06:31 PM
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#20 (permalink)
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Gunco Regular
Join Date: May 2006
Posts: 309
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Yeah, I find it freakin scary that the Chicom government could just stop buying/and or dumping and most likely cause a financial meltdown of the US Govt. within a week.
Someone said last week that China is to the U.S right now financially, what the U.S. was to Great Britian in the 1930s and 1940s.
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