Firearm & Gun Forum - FireArmsTalk.com > Gear & Accessories > Ammunition & Reloading > Maybe the insanity is taking a different twist?

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Old 05-23-2013, 09:28 PM   #11
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Quote:
Originally Posted by PanBaccha

Then in reality he was selling a PMag not for a dollar but for $22.73.
That's only the straight value of the silver. On top of that you need to add the collector value of the coin. Depending on year and condition he could be selling a PMag for much much more. Especially if whoever it is just inherited grandpas coin collection and has no idea how much the silver dollar could be worth.
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Old 05-23-2013, 09:38 PM   #12
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Hmmmm, shiny bits of metal or weaponry, which would be more useful if SHTF? I never did much care for jewelry.

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Old 05-23-2013, 09:57 PM   #13
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These are the same people who are buying gold on their credit cards. The interest on the card at 27% is growing faster than the price of gold.
The rich get richer and the poor get poorer. It is all about one guy thinking faster than the other guy.

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Old 05-24-2013, 03:30 AM   #14
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Robert Allen (rich guy who made money in real estate) suggested long ago to collect up a bag of silver dimes. In a real SHTF situation I don't think silver will even buy toilet paper.

That is, unless it is silver that is already formed into 230 grain bullets...

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Old 05-24-2013, 03:46 AM   #15
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Gold and silver have always had a value. If the SHTF it would be better to have silver than dollars.
Never put all your eggs into one basket. Have a little silver. Have plenty of ammo. Have a source of fresh water. And so on.

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Old 05-24-2013, 03:47 AM   #16
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Quote:
Originally Posted by CHLChris

That is, unless it is silver that is already formed into 230 grain bullets...
Those werewolves will buy up all the silver bullets. For sure.
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Old 05-24-2013, 10:20 PM   #17
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There are some strange folks out there!

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Old 05-24-2013, 10:31 PM   #18
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It almost over here... Reloading stuff is still hard to get, but ammo is starting to become easier to get. The used gun sites like Armslist and Backpage arent totally ridiculous anymore.. AR's are almost down to pre-panic prices ($500- $1000) People still want crazy $$$ for .22LR though..

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Old 05-24-2013, 10:31 PM   #19
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Quote:
Originally Posted by trip286 View Post
When I see people paying for groceries and gas in gold and silver, that'll be an entirely different story. I'll start wiping my butt with the green stuff.
That will be scary, indeed.

I have sold my (smallish) U.S. investments. No offence, but I think your currency is headed to the toilet. There's no way to pay off a $16T debt in $US (and climbing fast). Can't be done. On the other hand, you can pay off a debt of 16T pesos. The point being, if the US dollar is made smaller, that much debt be paid.....and that's what happens with inflation. It would not need to go all the way to the peso level, I'm just using that to make a point. Therefore, it seems to me that heavy inflation in the U.S. is inevitable. It will affect us here, too. I don't know that the solution is to hoard gold and silver but I am pretty sure it makes more sense to hold assets than cash, over the long haul, because the cash will shrink during inflation while the asset values will rise.

That's my .02, anyway.
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Old 05-24-2013, 10:37 PM   #20
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I don't see what's so strange. Until a month ago, when I diverted all my more liquid investments' dividends and capital gains ongoing earnings into purchasing gold shares, I had STOPPED buying gold when it was $500 an ounce less than its high. So, using that declining gold to buy overpriced ammo is exactly what the investment in gold was meant for -- insurance. Preservation of capital/buying power.

The ammo, they might reasonably argue, didn't cost them a penny more than it would have a year or two ago. They just put more value on the ammo today than the gold at the moment, in the short term.

Those crazy preppers! So weird!!!

I guess economics is not really that intutive. Maybe if we put everything in terms of the value of a Ford F-150 as well as the price of a gallon of Regular and a tin of chaw... Rocky7, u must have gone to The Sauder School!

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