/biz/ - Business & Finance

>>241979

silver is silver.

Better than tungston gold rounds/bars

Are generic rounds or goverment rounds better?

>>241979
When will the prospect of investing in silver be unworth it? I want to load up on tangible physical assets before the next global and economic catastrophe.

I would say in the context of global catastrophe gold would have higher staying power because silvers value is inflated because of industrial demand whereas Gold will always retain value

>>242089
hmm but doesn't silver have more use in industry therefore making it more demandable? Also there is less silver than there is gold plus I'm a bit of a poor fag right now and silver prices are at an all time low now.

>>242086
No, that's retarded. Invest in silver if you want, but don't buy physical quantities. That's for old people who don't know how to use the internet.

>>242097
Okay. Why shouldnt i buy physical quantities ? And where would you suggest i store the silver? Thanks for giving me a dumbfag some advice.

>>242102
It's not necessary. You'd be buy/selling at the same price as you would electronically, with additional retail fees. Plus the hassle of going to a retailer.

>>242104
Do you think there will be a massive economic collapse?

>>242106
Sure. Nothing policy-wise was fixed after the 2008 crisis. I mean, fuck, variable rate mortgages are already making a comeback. We're on the cusp of an even bigger crisis.

>>242109
Yea thats what i thought, government just inflating the bubble. Fuck, is there anything we can do to save ourselves?

>>242095
yes in the context of a continuing globalized economy, but in a global catastrophe industrial demand will drop because of shutdowns which will cause the price to plummet

>>242117
Right well when there is a resource shortage economic consequences are bound to be present. Not just with silver, oil and food too. So yes gold would be a better investment for sure then.
IWhat measures are you taking right not to protect yourself in the future?

And also all these financial commentators like peter schiff dont know when this will happen do you have any idea when it could happen?

>>242059
Government "rounds" are called coins. Each has pros and cons.

>>242089
>silver value is inflated whereas gold will always retain value
Backwards. Gold is the one with inflated value.

>investing in metals
its a commodity, stupid.

>>242380
Please back up your statement, nobody will really take something like what you said seriously without one.

>>242380
>it's a commodity

Obviously, but people invest in commodities all the time. ETFs. futures, etc.

>>242384

In this case: "A basic good used in commerce that is interchangeable with other commodities of the same type."

With the exception of pieces with numismatic value, silver is definitely a commodity. Not inherently a bad thing.

>>242393
Well yes silver is a commodity. Just like how a sandwich is food. We just say ' i am going to eat a sandwich' instead of 'I am going to eat food'.

Outside of electronics, silver and gold are essentially useless, especially in bullion form. After the happening, steel and oil will become the worlds most precious commodities.

It can't be in decline. I see ads in McDonald's all the time telling me it's increasing

>>242426
that is implying a true happening will ever happen
/pol/ pls go

>>242426
Silverware don't count?
Candle sticks so Colonel mustard can murder you with it?
Platters?
Jewelry?

>>241979
Canadian silver; 20 for 20.

That way there's at least a floor on it. Remember, it's a store of value, not an investment.

>>242426
Do you think we will return to a gold standard? Will the petrodollar collapse?

OP, you should just try your luck with commodity Futures

>>243093
>commodity Futures
whats that

>>243095
>>243093
Nevermind looked it up.
Thats a good idea for short term, but I dont like the idea of not having a physical item.

>>243095
Like options except you are obligated to buy/sell at the end of your futures term. Retarded risky if you don't know what you're doing

>>243103

You can also buy stock in companies that hold a commodity.

>>243105

Retarded risky regardless for a non-institutional investor. Even if you're using it to hedge, trading in commodities as an individual investor is nothing more than gambling. The only real application of futures contracts for individuals should be hedging using something like an S&P contract.

>>243134
Tell me what's risky about buying 1 Gold contract with an additional ~$10k of margin. You're essentially leveraging 1:2 and gold is a deflationary asset with a chance of upside many many times more than its price dropping to $750 which would wipe your account. And even then you can wire in more margin.

>>243179
Sorry I meant $60k of available margin. Which wouldn't even need to be in your account all at once.

>>241979
Are commodities ever a good investment outside of trading within spikes?

i.e. buying oil off season, selling on season

>>243189
>ever a good investment outside of spikes

I wouldn't say NEVER, but it's rare. They're more useful as a store of value rather than as a proper investment. I could never recommend putting a significant percentage of your portfolio into long-term commodities.

>>243197
What about making quick cash by using the oil idea?

Hell, copper is in a slump at the moment, why not buy that and wait until it rises?

>>243201

Well I guess it depends on what time scale you want to consider as trading within spikes.

In any event I certainly wouldn't buy physical oil / copper. Poor devils collecting copper pennies are in for a bad surprise.

But what if I simply enjoy silver maple leafs?

>>243201
Generally you're buying futures which expire at a certain date. If you don't exercise the future at the date you lose your investment.

Otherwise you're transporting and storing the physical commodity or paying someone to do so. Which you should know is stupid.

Don't buy nonproductive assets.

>>243966
Are eagles better than maple leafs?

>>244154

Depends on where you live.

>>244160
murrica

>>244161

Then probably Eagles unless you live near the border.

BUY BUY BUY

>Outside of electronics, silver (is) essentially useless

Are you even trying? Or do you like being viewed as an ignoramus dumb fuck. Just to state ONE use outside of electronics. Silver has antibiotic purposes. Over 10,000 uses with new uses being discovered constantly.

Who the fuck is going to care about oil in the happening. Just look at MadMax you dont see those fuckers running oil rings. They just take some from a car gas tank and move on. Who the hell is going to have the ability to produce and manage silver in the happening.

In the happening, Bullets Water and Food will be the best thing, you stupid fucking fuck.

>>243093
Yeah be a good goy, you dont need physical silver. What you need is paper contracts that represent silver. Don't worry when the day comes of non delivery and price slippage. After all what you want is more fiat money not silver. Go get that fiat like a good goy. It's not like the comex is fixed through powers like JP morgan and DuPont to do manipulation of silver price. It's not like industrial powers to be like a lower commodity price. It's not like JP traders have gone hundreds of days in a row without a losing trade.

Yes goy what you want is more paper.

>>243087
>Will the petrodollar collapse?
The energy to extract oil from ever deeper places is increasing. When the energy you use to get a barrel of oil is bigger than what you can generate from it, it will be useless as an energy source.
No oil, no petrodollar. Someday it will happen, and the funniest part is that most oil will stay in the ground.

>>242059
Government bullion is easier to resell.
You shouldn't buy precious metals (PM) expecting for the price to go "to the Moon".
One thing you can do is to buy them as insurance. Put 10% of your assets in gold and silver (how much for each one, I don't know; perhaps the same weight, yes this will leave you with just a little silver, you could get more if you want to, or only gold). The idea is, if the price explodes, the raise will cover losses in your other investments.
Beyond this percentage, you are speculating that price will rise. Feel free to do so, but PM prices fluctuate a lot, and you might need to sell when price is low.
And buy physical gold and silver, not pieces of paper or electronic bits that say you own it.

If you don't hold it, you don't own it.
Possession *is* the law.

The advantage of PMs is the ability to store them out of the financial system. Governments can change notes and coins making the old ones worthless. Gold will normally retain at least *some* value (we are not talking of Mad Max TEOTWAWKI here).

>>245515

And this is why I bought a shit ton of magnesium bricks and iodine tablets.

>>244154
The silver maples have an annoying problem called "milk spots" that can reduce their value. Gold maples are pure gold, and they are *very* soft. Minor scratches will reduce the value of the coin. Buying an "Air Tite" acrylic capsule to store them solves the problem.
The American Gold Eagles are alloyed with copper, making them harder. They also have one troy ounce of gold; they are heavier because of the alloyed copper. Because of the copper, they can get reddish over time (think of tarnishing copper). This is normal and it doesn't reduce the coin value.
There are pure gold American bullion coins, they are called Buffalos.
Austrian Philharmonics, Australian and Chinese coins are pure metal too.
All silver coins are subject to tarnishing - they can become coal black dark. I would also store them in capsules, though $1 adds a significant premium to something that costs $20 to $40 dollars.
There may be tax advantages if you have coins from your country, you should consider this too. Do your research.

>>245515
I heard that back in the old days people used to let a Morgan dollar inside a milk jar to slow its spoiling.
I sincerely hope the antiseptic use doesn't get too popular. Last thing we need is yet another metal, with possible properties discovered in the future unknown, to be dispersed beyond a recoverable point, being essentially destroyed.

>>245656
>storing silver coins in individual capsules

Yeah, not really necessary unless you have a rare coin. Just leave them in the sheet / tube that they come in.

Here's my thoughts:

Silver price is low, the poor herders and youtube scaremongers have been shilling for pump and dump reasons over the last few years.
Silver only hit around $50 for a brief time and it crashed down to current prices once again.

>Silver is actually respected by the most upper of monetary classes.
>If any semi important currency collapses hard, silver will actually be affected with a price increase.

Silver is a good buy, the price is low.
You only need to get a 5%+inflation for each year you hold so when the price jumps this is easily attainable. Silver = yes.

>>245630
https://www.youtube.com/watch?v=0HeZrI5Giw4

>>245515
Don't forget that silver is used in food colouring too.

>>242117
In the event of a global catastrophe silver would likely become the primary means by which we pay for things. Gold would be far too 'valuable' to use in daily transactions, even a mere sliver.

This world needs to end the debt based economy that serves the bankers and needs to move towards a system that benefits the people not bankers. No need to pay debt just to create money out of thin air.
Not that I like silver to replace this but when the fiat system blows up silver will still be silver, something you can't create out of thin air, and will have use.

Who knows maybe even future discoveries that could take the price to the moon and beyond.

>>245764
Thunderdome is the best Mad Max.

>>245781
>silver would become the primary means by which we pay for things

I doubt it since most people don't actually own silver. If things REALLY hit the fan, people would probably just want to barter for things that they can actually use (can't eat silver). Silver would be more useful for converting to the new currency once things start stabilizing again (whatever that would be).

>>245816
I'm partial to The Road Warrior. But thunderdome is just great too. All 3 are great.

>>242097
>don't buy physical quantities
Yeah because in the event of a global catastrophe you can always sell your silver that's in someone else's safe.
Wat

>>243077
>not an investment
When I buy at $20 and hold until it's $50 howis that not an investment?

>>243103
>I don't like the idea of not having a physical item
This.
If you don't have it you don't really own it.

>>244170
Why would this be? I'm going to sell them as silver not $5 coins

>>246162

Eagles are more in demand in the U.S. than Maples. Maples are more in demand in Canada than Eagles. If you live near the border it depends.

Eagles are $1 coins btw.

>>246167
But Maples are $5 and more importantly, I think they're pretty. Most importantly I believe coins would be trusted more than some of the novelty rounds I've seen around (Zomboid Buffalo I'm looking at you)

>>246171
>Maples are $5
Sure, but you're not going to be spending them as coins. The face value really doesn't matter.

>I think they're pretty
k. Personally I think the obverse of the Maple is ugly, but from a value perspective it doesn't matter much.

>coins would be trusted more
Eagles and Maples are both coins.

>>246157
Because more than likely your stocks took a shit.

A wise man once said: "buy low sell high." are you really asking this op?

>>246173
Right , I was saying I would be less suspicious of a coin than a generic round even though I know they are both 1 Oz of silver

>>246176
What do my stock have to do with it?
We're talking about my silver coins here

So how much silver does everybody have?

I have 2 10 ounce bars, a one ounce bar, about 20 Morgan Silver Dollars (I think theyre 90% silver) and about 20 Peace Silver Dollars (also about 90%ish? I think)

What about you nigs?

>>246322
I feel inferior. I only started a week ago and I have 7 Silver Maples. Hopefully it doesn't start up til the end of the year so I have a chance to get some more

>>246331
Don't worry about it buddy I'm definitely been collecting longer than you. I have always enjoyed collecting coins even when I was a kid. You'll catch up in due time, but just remember to not spend ll your money on precious metals

>>246322
i almost have a full set of graded Franklin half dollars with Full Bell Lines. Get on my level, scrub.

>>246322
a bunch of golds and a bunch of silvers, more gold than silver though.

>>246322
If you're curious about the silver content of Peace and Morgan dollars (or any other American silver coin), check out www.coinflation.com

It'll also tell you the melt value of those coins.

>>245656
Milk spots really only affect the numismatic value of coins. If you're buying bullion coins, milk spots don't really matter. I would think this is especially true for silver because its value density is relatively low. That is, it's easy to have thousands of ounces worth of bullion coins. When you sell those coins, the buyer is highly unlikely to grade each and every coin.

>>241979
It's a good protection against inflation. It's going to be much more valuable when the economy crashes.

>>246322

Probably 10:1 silver to gold ratio.

>>246415

>dat JIDF mug and mousepad

>>246456
dat over used copypasta

>faggits buying 1oz coins/bars

Its like you WANT to be raped by the dealers.

Buy in bulk or don't buy at all. Hell, paper silver would be a better investment than that shit.

>>246517
shut up you dumb fuck. you just sound mad at the world. Paper silver would be better? Just go kill yourself you horrible excuse for a troll.

Some people like to buy small amounts over and over and don't care about a tiny little 1-2$ per oz difference when they know its ultimately going to become scarce and skyrocket.

>>246582

Get fucked you stupid poofter. 10% is a huge amount. Hell, the premium on small rounds is more like 20% or higher.

I stand by my advice.

>>246517
I don't agree with the paper is better but yeah, buy in bulk or save until you can.

>>246604
Paper is better than paying a large premium if your goal in buying silver is to hedge against moderate to severe economic downturn.

Buying at a large premium is better if you're buying to hedge against happenings.

>>246594
While I do agree buying bulk is superior. You are being a drama queen when it comes to your exaggeration.
Buying bulk 100+oz or bigger will get you around a premium of .79-.99 per oz over.
Now you mentioned rounds and not government bullion coins. So rounds if you are smart you can get on deals from places like apmex for around .89 over spot.

When silver skyrockets it will be easier to sell off your small amounts rather than worrying about your 1000oz bar worth a house.

You are also ignoring the premium that the said silver item retains when going to sell. While some places pay under or at spot, some will pay above. Especially if the product is a known brand you can see JM 1oz bars selling on ebay far above spot. I have a local deal who pays above spot for them also.

I got some jm bars recently on sale for only 1.49 over spot. I'll even pay up to 2.5-3$ over knowing they retain the premium. When JM stops making these 1oz bars again they will have a premium for rarity.

.89 over spot on a generic silver round with silver at lets say an even 20$ isn't even 5%. Far far less % if silver ever rose to 200$ or more. Learn math.
At least you're not in some areas of the earth that have a VAT (value added tax) that will throw another 15% onto your silver price.

I doubt you even have any big silver, you're probably just a troll or an ignoramus. Either way, I only replied again so that others might learn truth rather than your crybaby BS.

>>246689

Dealers don't give you shit for a premium. They are known to jew the shit out of anyone selling to them, even buying the silver UNDER the spot price.

You're an absolute retard for even considering ebay as a reliable source for PM prices.

>>246699
ebay was just an example of HUMANS paying ABOVE spot. Reliable source? Are you saying you can't sell on ebay? maybe you are the absolute retard.

Pic related it is of my local dealer buying ABOVE spot on various items, which u say doesn't happen.
U are just fucking so mad your tears are that much more delicious.

Buy copper

>>246633
Go to coin shows where people are selling their shit- they will suck your dick if you give them the spot price

>>246752
>indications only and are subject to market conditions.

>>246699
>don't give you shit for a premium
For coins they generally will, though lower than what they sell them for of course.

>even buying silver under the spot price
True for private mint stuff. The spread is where they make their profit.

>>246760
Spot prices fluctuate a lot. Prices are only locked in once you put in an order.

>>246322
35oz

Small stack really, just hope it stays cheap for another 2 or 3 years at least so I can accumulate slowly and steadily.

>>246689
>At least you're not in some areas of the earth that have a VAT

Fuck this so much. 20% on every oz, on top of the premium and above spot base price as well. End up paying about £8-9 over spot. Buying in bulk definitely works out better but it's still a rip off.


How long do people think we have left before the buying window closes and the explosion starts?

>>242109
In 2014, banks want to issue variable rate mortgages because if they sell fixed rates at historic lows, they will get killed when rates eventually rise.

In 2006 when rates were higher, unscrupulous mortgage brokers were selling variable teaser rates slightly below what they were offering for fixed rates. This allowed borrowers to stretch their payments as far as possible with the anticipation real estate prices would rise forever

tldr: same variable rate product, very different circumstances

>>246759

Awesome. I've always wanted to get my dick sucked at a coin show.

>>246994
I think not until around the year 2020+
It wont happen over night. It will be waves and events that spark interest/demand. ultimately being used up more and more.

First panic wave will bring in silver miners, for as now silver is mind as a biproduct metal from other metal mines like zinc. So when you see miners starting to have dedicated silver mines as the main metal in the mine, you'll know they are trying to fill demand. Depends then how much these miners can actively bring into market. Also, any increased investment demand will also help eat up supply.

https://www.youtube.com/watch?v=swkq2E8mswI every silver investor should see this also. History is interesting.

https://www.youtube.com/watch?v=n0NYBTkE1yQ

>>247466
>I think not until around the year 2020+
You're basing this on what? Opinion?

>>247466
I think 2020 might a bit too long of a time frame tbh. The recovery we're experiencing now is fragile and in many ways not based in reality. China also seems to be on a downward trend so if they go full recession mode it might speed things up slightly. TPTB will definitely want to keep the rigged game going as long as possible though, so could be a decade or more away yet.

>>248141
Crystal ball

Not to mention all the banker suicides lately, China buying as much Gold as it can and Germany asking for theirs to be repatriated. Maybe we're nearing the end of the yellow brick road about to pull back the curtain?

Silver has a better historical return than gold. If its "on the decline" that just means it may be time to buy.

Went through my childhood coin collection and found about $1.75 face value of junk silver. Not exactly a fortune, but probably worth more than everything else in there (sadly).

I prefer ASE's.

its the most recognizable coin in the world, I would have no problem selling it no matter where I am

the premium you pay for it you get back when you sell it.

I guess some ITT don't understand that

>>248986
Morgans are so awesome.

>>249492

Yeah, I only have one (1883, fairly worn and toned), but it's neat to look at.

>>246322

See if you can figure out my stash, I'm busy typing...

As for silver, it's best utilized as a hedge against inflation while being affordable in price, hence a store of value for you proles. I don't know if you metal babbies were around in 2000 - gold was at $285, silver $5; a price ratio of 57:1. Today, gold is just south of $1,300 and silver is hovering around $20, which is a 65:1 ratio.

Now, if you researched the history of US monetary law, the Coinage Act of 1792 set the the price ratio of gold and silver at 15:1...

>http://www.constitution.org/uslaw/coinage1792.txt

Which begs the question: how the fuck has silver been suppressed in value for the past 15+ years?!? Something is fishy about the perceived value of silver in light of its industrial uses...

>>249676

Tons of gold is still stored in vaults around the world as a remnant of the gold standard, whereas most of the stored silver was dumped onto the market a while ago.

The same thing would happen to gold if these banks decided to liquidate their stores.

>>249676
Okay, so here is another question then.

I can score a 15% cashback option from my credit card company combined with my 10% employee discount.

Should I stockpile silver solder as a more practical store of value?

>>249966

No. It isn't investment grade and you'd just get scrap prices when you tried to sell.

>>249990
Agreed, I'm even kind of against generics because I think the coins are more easily recognizable as genuine

>>249966
yes but you are selling it as solder later so you'd have to see what discounts ebay gives over retail

>>249990
>investment grade metal
I can't read this without cracking up. I don't disagree with what you said.

>>250364

Yeah, it's kind of... interesting... to talk about "investment grade" commodities on a couple levels, but it gets the point across better than calling it fine quality.

>>241979
>Silver price : 19.76 per oz
It's not declining. It's just coming back to its market value.

Silver has always up and down from $17~$25 in recent years. I would buy silver if it comes down to $17-ish.

If I were you I would focus on other commodities and metals. Such as Iron Ore which is very low comparing to recent years.

>>250432

Fine if you're looking to do ETFs / options / futures / whatever, but if you want the actual commodity for whatever reason you'd literally need tons of iron ore to have a significant value.

Where do you find the current value or gold?

>>252825

Just search for gold spot price.

>>252825
get an oanda account

gold and silver are traded on currency markets

symbol for gold is au
silver is ag

you can watch the price in real time

No its just the jews way of devaluation before they buy it all up. Silver is safe.. silver will protect you from the economic vampires.. just don't buy paper shit

>>250432
Too common/recycle able.. try lead .. just because

Going to pull the trigger IF silver breaks 19.87 and close price of day is above 19.95. If these don't happen and we find resistance. Will wait some longer because Could see the move down back to 18 and even 17$ range (even 15$ but that would be extreme oversold short term territory). If bear continues 10-15$ would be more likely later this year. But that is another big IF.

How do silver companies ship silver to you? Is it regular UPS? or do they ship it some special way with insurance?

>>254984

Depends on the company, but usps and ups are pretty common (they should be insuring it, yes).

>>254999
would it be worth it to buy 5oz of silver just for the fuck of it?

If it jumps to $50 again, i would make about $150 in profit :D

>>255012

If you just want to have some for shits and giggles I suppose. Keep in mind that the less you buy, the higher the premium is going to be.

>>255012
I think is worth it to constantly buy small amounts of silver. I just wished I listened to Bill Still back in 2003 and not delaying my ignorance for so long. Id have been buying small amounts for a MUCH MUCH longer time. But this is retrospect so I just keep buying small amounts now that I'm dedicated to the cause. Sure I'd like to buy at 10-15$ range but I probably also wouldn't like buying above 50$. So I just buy what I can when I can. I recommend everyone to do the same.

>>255017
I found a 5oz bar for $105 which isnt too bad i dont think

>>255022

>low volume, high premium silver
>smart

Your ignorance is astounding. It is better to build up fiat and buy in bulk.

In all honesty,

it seems better to put your money in some kind of mutual fund or ETF where it actually makes gains and dividends and is easier to liquidate

>>255062
But if I tried that I would never have gotten around to buying any. Once I broke my silver cherry with the first Maple I never stopped buying.

>>255092
>Easier to liquidate than gold or silver

>>255092

It is. Physical silver should not be a primary investment.

>>255096
I can go online, click a few buttons and sell my position within two minutes.

Or i can drive to a "We buy your gold!" store, fill out paper work, wait and get bullshitted and spend half a day.

Turn your brain on

>>255116
>drive to a "We buy your gold!" store, fill out paper work, wait and get bullshitted and spend half a day
Sure, that's how it goes
> Go to Phil's coins walk back out in 5 minutes with cash in hand.

>>255126

He is right though. Physical PMs are definitely less liquid than many investments.

>>255126
ahh, air conditioned room, browsing forchan, hey! I wanna sell my securities!

click*click*click*

all done. glad i didnt have to get up.

>>242097
If you can't hold it you don't own it

>>255062
we have been over this before. you can keep the premium low if you are buying bulk or not. a smart investor can get silver rounds for .89-.99 over spot per oz, any amount. So go fuck yourself with your ignorance one line bullshit comment. Your large 100+oz bars will still carry at least a .79 per oz permium so dont act like it is just so easy to get silver at spot. Also when selling these premium products that carry a premium they usually return the premium when you sell. Unless you are a whiny dumbfuck like you seem to be. Now why dont you go buy gold or something you pathetic bitch.

Is this the thread where we post picks of our silver stacks (that we could have gotten from anywhere in the internet) an pretend that we are smart and rich PM investors?

If so, count me in!

I am really tempted to buy a large silver bar, just because. would make a nice paperweight on my desk.

>>255461
kill yourself.

>>255469
Well, my live DOES suck at the moment, but, yeah, no, you're a cunt, mate!

>>255235
If the world economic market collapses, silver/gold will be the least of your worries.

If you house it yourself, you still bring on costs. Storage costs, peace of mind, safe/hiding locations, etc.

>>246313
Stocks go down -> metals go up
You just get back what you lose (or part of it anyway). It's a parachute stopping your fall, not an engine taking you up.

>>255483

I dunno, it depends how it plays out really and that would be impossible to predict. I don't think a total economic collapse would necessarily lead to a full on SHTF innawoods scenario although that's a possibility. It would depend on the geopolitical climate at the time, the reaction of the people, the reaction of Government. Way too many factors to predict.

I would rather have physical Gold and Silver in that situation to protect my wealth for what is to come after than not have Au/Ag and see my fiat/stocks/whatever go to 0 and be left with nothing.

I mean, yeah if we're talking society breakdown everyman for himself then food/water/shelter and a means of protection become a priority. But, assuming you survive the initial chaos why would you assume metals won't become the de facto money again? It had been working fine for thousands of years.

>>256141
>why would you assume metals won't become the de facto money again?

Various reasons really. I think the more realistic scenario (assuming the scenario is realistic at all) is that PMs would serve as a store of wealth that you could then convert back into the new money once things have stabilized.

I don't see PM backed currency ever making a comeback.

>>256151
Meanwhile only one place for fiat money to go to. 0

And with PM you can never get riddled with debt out of thin air.

>>256151
Well, that was an end of society as we know it scenario when there are no longer governments or central banks to re-issue a currency.

Assuming a hyper-inflationary event, a widespread sovereign debt default or some other economic catastrophe where institutions, infrastructure and central banks remain intact then I agree. They'll likely re-issue another fiat currency that's either backed by metals or backed by nothing. If the latter is true, then possessing Gold or Silver will preserve you wealth regardless. Which was my original point, I would rather have it and not need it than not have it and need it.

I guess it comes down to your World view whether or not you think they can keep inflating the monetary base, devaluing fiat currency and expanding debt indefinitely.

>>256317
And what happens when it does? As soon as the writing's on the wall, there will be a flight into Gold and Silver. If the end times are slow enough and the pleb masses wake up to the unfolding situation then they'll try and exit fiat as well. If this happens, panic mania sets in.

As far as I see it, public awareness is currently pretty much none existent and Au/Ag are cheap.

>>256403
>end of society as we know it
>no longer gov'ts or central banks

Both of those things would eventually come back though. A state of anarchy wouldn't last forever, and during the state of anarchy I'm not so confident that people will readily accept PMs.

As for price, I'd say Ag is reasonable but Au is way overpriced right now. I'm always wary of gold in general because so much of it is just being stored relative to demand.

>>256317
Not really the same, but debasement is a thing.

I do own some silver, but have a question

An an apocalyptic scenario, why would people start using PMs? Why wouldn't they just keep using the money they're already familiar with?

You can't really do much industrially or jewelry-wise with it in an apocalypse, so it wouldn't be inherently better than the fiat.

All of you are faggots. If TEOTWAWKI or SHTF happens, silver and gold are really useless.

Go ahead and stockpile your useless metals while I stockpile on food, shelter and guns with ammunition.

>yfw I go into your door blazing with guns and steal all your food
>yfw I melt all your silver and gold and use to create my personalized jewellery
>yfw your already dead

>>254973
almost, no buy signol yet.

>>257703

>>257601
>people crazy enough to buy precious metals
>not owning firearms already

>>257172
>Why wouldn't they just keep using they money they're already familiar with?
For a while they probably would, but with the things that give USD value gone, people would eventually stop accepting it.

People would probably revert to barter in a real SHTF situation, as in I trade you some canned food in exchange for bullets.

BUY SILVER!!!!!!
BUY BUY BUY BUY BUY

>>257172
Because if the banks and markets shut down all those ledger sheets go right out the fucking window. Would you really accept cash when the richest people in the world would all be drug dealers who would just as soon shoot you as pay you? Less than 1/1000 dollars that exist are actual paper.

>>257925
Watching Closely

>>257826
>I trade you some canned food in exchange for bullets
But I already have those. I want silver for when civilization is being rebuilt so I can have a greater say in it.

>>257172
>Why wouldn't they just keep using the money they're already familiar with
Zimbabwe

>>259155

Won't be a typical thought process.

>>259157

>>259300

>>259300

bump

27985 89832954

DING DING DING

closed for weekend.