Silver - Plain and Simple

[hubste5]

I have been setting aside a certain amount monthly to purchase silver, and found this podcast that really explains the logic well... apologies if this is a rerun, but it is definitely worth a listen!

http://www.thesurvivalpodcast.com/episode-262-the-long-term-value-of-silver

[Dracos]

I too buy and believe in silver as a survival tool. Instead of buying some each month I watch for high and low points in a cycle. I bought silver at $6.00 an ounce and sold it at $20.00. Then I again bought in at $9.32. I am holding on to that. I will sell at $30. That is how to actually make a profit. If at any time during the cycle we have an economic collapse the silver on hand can be used for trade. Keep in mind though at the early stages of the dollars demise, an ounce of silver may be worth many dollars.

[hubste5]

Purely prepping for me, not trying to resale... one interesting piece in the podcast compare's value today vs 1964 (last year for silver coins).

Then you could get a gallon of gas for roughly a quarter, today a gallon costs roughly $2.40... guess what a silver quarter is worth today? yep, roughly $2.40.

Lots of nuggets like this in the podcast.

Silver has held it's value nicely, the dollar has not. I have a "stash" of "get-out-of town-money" I have kept for years and years... I plan on slowly converting this cash to silver, at least half. I will likely try and wait till silver drops based on "good news" from the spin doctors... and maybe do it all at once.

The point being, if silver's gonna retain it's value over time, and the dollar continues to devalue, then doesn't it make sense to purchase metal, secure it yourself, and if you need the cash eventually, flip it back...

Savings accounts and money markets are laughable, no return, someone else holds your asset, and all the while that dollar will buy less and less... it would likely make more sense to convert to metal as much of your cash based asset as possible? (keep in mind that I am no Donald Trump... just thinking out loud...)

Hoping to spark some discussion!

[Big_Saw]

Good plan....sounds familiar.......*wink* ;)

[hubste5]

Good plan....sounds familiar.......*wink* ;)

well, post the link with the wink! I might learn something...;)

[Big_Saw]

well, post the link with the wink! I might learn something...;)

Link, hell.....it describes my outlook on silver hoarding to a "T".

[Lil Bear]

I have a few silver troys myself that I bought back when I was 18. I also dabble in uncut stones like rubies, emeralds, and a couple very small diamonds. They are not worth much, but some lady may like them and would trade for things if TSHTF.

[cbprice797]

Lil Bear are they uncut or raw stones?? If uncut they can be traded though the value will still be significantly less than ones that were cut. Ir they are raw stones then they will be nearly worhtless for trade since practically no one recognizes uncut stones.

Might want to consider getting them cut somewhere nearby.

[Ponce]

Invested $28,000 on silver back in 1972 which became almost 3/4 of a mil in 1980............started to buy silver once again in 1982-2002 when I decided that I had all that I needed, my average price, this time, is of $5.16.

The first time I bought it as an investment and so it was the second time, but now is more of survival tool in order to keep my dollar value for what is to come............remember the movie "Soylent Green?" where a jar of jam was $129.00 new dollars?, well, with silver it still will cost only $2.50.

[Lil Bear]

Lil Bear are they uncut or raw stones?? If uncut they can be traded though the value will still be significantly less than ones that were cut. Ir they are raw stones then they will be nearly worhtless for trade since practically no one recognizes uncut stones.

Might want to consider getting them cut somewhere nearby.

They are raw (straight out of the mine raw). I was afraid that would be the case. I am currently looking for someone to appraise them just for curiosity.

[cbprice797]

Once you get the appriasal ask the same person how much it would cost and where you could get them cut. If it isn't too much then it would definitely be worth it to get them cut.

[cwi555]

It is amazing to me the number of people that don't understand the significance of silver, or just how much it is undervalued.
Thanks to silver halide (film emulsions for photography) and electronics usage, the ammount of recoverable silver is less than that of gold or platinum.

The price of Gold on the other hand has been severly over inflated.

Edit:

Everyone buying silver should be aware of one very important thing. The same forces that have kept silver prices artificially down, will cause a crash in the near future. Historically it's a puff pass scenerio. Drive up the price of gold, sell the hell out of it, depress the silver price as much as the market will handle, then use the gold proceeds to buy up silver. Pump up the silver price, use proceeds from Gold to buy the silver while crashing/or despressing the Gold price. Start it all over again as many times as they can. If you know anything about the market, you can find the evidence of this for yourself.

I strongly advise buying silver. But do not buy if you can't hang onto it long term. It is the best value, but you have to hang onto it. When SHTF, It will be the new gold.

[Big_Saw]

It is amazing to me the number of people that don't understand the significance of silver, or just how much it is undervalued.
Thanks to silver halide (film emulsions for photography) and electronics usage, the ammount of recoverable silver is less than that of gold or platinum.

The price of Gold on the other hand has been severly over inflated.

Edit:

Everyone buying silver should be aware of one very important thing. The same forces that have kept silver prices artificially down, will cause a crash in the near future. Historically it's a puff pass scenerio. Drive up the price of gold, sell the hell out of it, depress the silver price as much as the market will handle, then use the gold proceeds to buy up silver. Pump up the silver price, use proceeds from Gold to buy the silver while crashing/or despressing the Gold price. Start it all over again as many times as they can. If you know anything about the market, you can find the evidence of this for yourself.

I strongly advise buying silver. But do not buy if you can't hang onto it long term. It is the best value, but you have to hang onto it. When SHTF, It will be the new gold.

Pretty good theory....might even be accurate, to a degree...

[avking]

I think it is wise to have PM's to be used as currency. Silver is a pretty good buy right now, while gold is probably the worst. Another consideration is ammunition as a PM. It will probably be as universally accepted as PM's, for currency. Having decent stocks of common calibers, even if you do not own them, would not be a bad thing. You won't be able to pay taxes or mortgages with them, but they would be good for barter.

I don't think gold is that difficult to break-up into smaller amounts, for smaller transactions. Besides, if gold is being used as currency, then prices are going to be sky high for any goods you want to purchase.

[Big_Saw]

I think it is wise to have PM's to be used as currency. Silver is a pretty good buy right now, while gold is probably the worst. Another consideration is ammunition as a PM. It will probably be as universally accepted as PM's, for currency. Having decent stocks of common calibers, even if you do not own them, would not be a bad thing. You won't be able to pay taxes or mortgages with them, but they would be good for barter.

I don't think gold is that difficult to break-up into smaller amounts, for smaller transactions. Besides, if gold is being used as currency, then prices are going to be sky high for any goods you want to purchase.

Umm....actually, precious metals NEVER CHANGE IN VALUE.....if gold were used as currency, it'd buy a 1000 bucks worth of whatever...even if it cost 10,000 greenbacks....

metals prices are set by fiat value, not the other way around.....