Gold or Silver ? - Page 4
You are Unregistered, please register to use all of the features of FirearmsTalk.com!    
Firearm & Gun Forum - FireArmsTalk.com > General Discussion Forums > Survival & Sustenance Living Forum > Gold or Silver ?

Reply
 
LinkBack Thread Tools Display Modes
Old 10-06-2011, 12:09 AM   #31
bkt
Feedback Score: 0 reviews
 
Join Date: Apr 2007
Location: Rochester, NY
Posts: 6,973
Liked 1305 Times on 664 Posts
Likes Given: 151

Default

Yup, seems way off to me, too. A bunch of places out there are way off. Or my math is way off.

The site you refer to seems to have prices far closer to regular bullion prices.
bkt is offline  
 
Reply With Quote
Old 10-06-2011, 01:30 AM   #32
FAA licensed bugsmasher
FTF_LIFETIMESUPPORTER.png
Feedback Score: 0 reviews
 
ScottA's Avatar
 
Join Date: Apr 2010
Location: Davenport,IA
Posts: 7,140
Liked 2473 Times on 1325 Posts
Likes Given: 879

Default

As long as society is still in order, I buy the GLD exchange traded fund (ETF). It's a very convenient way to buy gold.
__________________
Scott

Quote:
If you're not representing Jesus in a way that makes people want to hang out with you, you're doing it wrong.
Quote:
Those who refuse to participate in politics shall be governed by their inferiors. -Plato
Join the NRA
ScottA is offline  
 
Reply With Quote
Old 10-06-2011, 03:37 AM   #33
Feedback Score: 0 reviews
 
12fretter's Avatar
 
Join Date: Apr 2011
Location: Knoxville,TN
Posts: 417
Liked 53 Times on 31 Posts
Likes Given: 2

Default

Quote:
Originally Posted by ScottA View Post
As long as society is still in order, I buy the GLD exchange traded fund (ETF). It's a very convenient way to buy gold.
This doesn't seem safe to me when there are so many reports of an impending crash of the US Dollar. You'll have a certificate saying that someone owes you a boatload of useless paper. You would have to cash in right before the crash, then spend the cash on some other useful commodity.

I'll stick with junk silver. The way I figure it is, if it keeps going up, that means the dollar is getting weaker and weaker, and I have given myself a chance of carrying my "wealth" into the next era. I'll need all the internationally acceptable currency I can get my hands on. If the price falls, that can mean an improving economy, and even if I lose a bit on the investment component, if the economy improves, I won't care as much.

By the way, NO ONE knows I have silver. But an ETF is backed by a promise that someone will pay you for it when you go to turn them in. What would happen to a paper certificate payable in cash, and value tracked by the price of gold, if, say, the government confiscates all the gold....again. Now you're beholden to the government to get your cash, and they can control the price of gold.

Maybe that's a conspiracy theory gone haywire. But I'll still stick with junk silver.
__________________
12FRETTER
12fretter is offline  
 
Reply With Quote
Old 10-06-2011, 03:49 AM   #34
FAA licensed bugsmasher
FTF_LIFETIMESUPPORTER.png
Feedback Score: 0 reviews
 
ScottA's Avatar
 
Join Date: Apr 2010
Location: Davenport,IA
Posts: 7,140
Liked 2473 Times on 1325 Posts
Likes Given: 879

Default

Quote:
Originally Posted by 12fretter View Post
This doesn't seem safe to me when there are so many reports of an impending crash of the US Dollar. You'll have a certificate saying that someone owes you a boatload of useless paper. You would have to cash in right before the crash, then spend the cash on some other useful commodity.

I'll stick with junk silver. The way I figure it is, if it keeps going up, that means the dollar is getting weaker and weaker, and I have given myself a chance of carrying my "wealth" into the next era. I'll need all the internationally acceptable currency I can get my hands on. If the price falls, that can mean an improving economy, and even if I lose a bit on the investment component, if the economy improves, I won't care as much.

By the way, NO ONE knows I have silver. But an ETF is backed by a promise that someone will pay you for it when you go to turn them in. What would happen to a paper certificate payable in cash, and value tracked by the price of gold, if, say, the government confiscates all the gold....again. Now you're beholden to the government to get your cash, and they can control the price of gold.

Maybe that's a conspiracy theory gone haywire. But I'll still stick with junk silver.
You're correct, it doesn't work as a SHTF strategy.
__________________
Scott

Quote:
If you're not representing Jesus in a way that makes people want to hang out with you, you're doing it wrong.
Quote:
Those who refuse to participate in politics shall be governed by their inferiors. -Plato
Join the NRA
ScottA is offline  
 
Reply With Quote
Old 10-06-2011, 01:22 PM   #35
Feedback Score: 0 reviews
 
Vincine's Avatar
 
Join Date: Jun 2011
Location: Adirondack Mts.
Posts: 3,495
Liked 1912 Times on 990 Posts
Likes Given: 1456

Default

Quote:
Originally Posted by 12fretter View Post
I just did a quick comparison between my guys and the link above. . (snip) . . Or is apmex really expensive?
Thanks for the PROVIDENT link! I did these silver coin comps this morning. Lowest price in bold:

Morgan dollars, 100 coins; APMEX, $2,834.22 PROVIDENT, $3,091.22

Mercury dimes, $100 face; APMEX, $2,462.92 PROVIDENT, $2,380.00

2009 Silver Eagles each; APMEX, $35.62 PROVIDENT, $37.56

$1 Face value; APMEX, $24.29 PROVIDENT, $23.02
__________________
"Sometimes I pretend to be normal, but it's boring and I go back to being me."
"You might as well be yourself, people won’t like you anyway."
"Tres verbo dictom"
Vincine is offline  
 
Reply With Quote
Old 10-06-2011, 02:13 PM   #36
Feedback Score: 0 reviews
 
fireguy's Avatar
 
Join Date: Oct 2010
Location: Wichita,Kansas
Posts: 1,853
Liked 52 Times on 33 Posts
Likes Given: 60

Default

A friend an I have been using Provident Metals for a while now. Good service and the price is reasonable. I was buying 1/10 oz. gold eagles, a few a month until the price got up to $1600. I am going to start purchasing more silver since it is more affordable. I have pre-65 dimes, quarters and dollars. I think I will go with 1 oz. and fractional .999 silver coins now.
__________________
Join the NRA! Stop the Brady madness!
fireguy is offline  
 
Reply With Quote
Old 10-07-2011, 01:43 AM   #37
FTF_SUPPORTER.png
Feedback Score: 0 reviews
 
shadamai's Avatar
 
Join Date: Jul 2011
Location: NC
Posts: 652
Liked 103 Times on 63 Posts
Likes Given: 39

Default

Quote:
Originally Posted by 12fretter View Post
This doesn't seem safe to me when there are so many reports of an impending crash of the US Dollar. You'll have a certificate saying that someone owes you a boatload of useless paper. You would have to cash in right before the crash, then spend the cash on some other useful commodity.

I'll stick with junk silver. The way I figure it is, if it keeps going up, that means the dollar is getting weaker and weaker, and I have given myself a chance of carrying my "wealth" into the next era. I'll need all the internationally acceptable currency I can get my hands on. If the price falls, that can mean an improving economy, and even if I lose a bit on the investment component, if the economy improves, I won't care as much.

By the way, NO ONE knows I have silver. But an ETF is backed by a promise that someone will pay you for it when you go to turn them in. What would happen to a paper certificate payable in cash, and value tracked by the price of gold, if, say, the government confiscates all the gold....again. Now you're beholden to the government to get your cash, and they can control the price of gold.

Maybe that's a conspiracy theory gone haywire. But I'll still stick with junk silver.
I agree...I like to have something I can actually get my hands on...
shadamai is offline  
 
Reply With Quote
Old 11-23-2011, 09:37 PM   #38
Feedback Score: 0 reviews
 
bick65's Avatar
 
Join Date: Nov 2011
Posts: 48
Default

Bullets in the event if a global melt down I can hunt defend myself . Can't eat gold or silver . Bullets , gun , knife, ax , saws ect
bick65 is offline  
 
Reply With Quote
Old 11-23-2011, 10:49 PM   #39
bkt
Feedback Score: 0 reviews
 
Join Date: Apr 2007
Location: Rochester, NY
Posts: 6,973
Liked 1305 Times on 664 Posts
Likes Given: 151

Default

Quote:
Originally Posted by bick65 View Post
Bullets in the event if a global melt down I can hunt defend myself . Can't eat gold or silver . Bullets , gun , knife, ax , saws ect
And once the bad situation is over and you've cleaned your guns and put them away, what store of wealth will you have? Stocks? Cash? That won't help your if the cause of the global meltdown is the dollar crapping out.

Precious metals, land and maybe a few other things hold value pretty well relative to other commodities.

Do as you see fit, of course.
bkt is offline  
 
Reply With Quote
Old 11-24-2011, 02:38 AM   #40
Feedback Score: 0 reviews
 
aandabooks's Avatar
 
Join Date: Sep 2010
Location: Central Illinois
Posts: 1,591
Liked 355 Times on 212 Posts
Likes Given: 64

Default

I sold off my old class ring recently and used the money to buy silver. The pawn/jewelry store I dealt with used that days current silver price on melt price to value their 90% coins. I picked out a bunch and grabbed up some Morgans and various coins. They charged $2 over spot on the whole transaction.

Here's the website they had pulled up: Silver Coin Melt Values - Coinflation (Live Prices)

I don't have much silver yet but will keep buying a bit at a time. Everything I got was pre-64 and some of it was in plastic collecting cases. He had said they are put together 3rd party from circulated coins.
aandabooks is offline  
 
Reply With Quote
Reply

Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Firearms Forum Replies Last Post
Silver fireguy Survival & Sustenance Living Forum 45 09-26-2011 04:44 PM
Should we trade our gold for silver? Scratchammo Survival & Sustenance Living Forum 22 04-17-2011 06:56 PM
Buds Gun Shop/2nd Amendment Gold or Silver Dollar Car54 The Club House 0 04-29-2010 01:28 AM



Newest Threads