Should we trade our gold for silver?

Discussion in 'Survival & Sustenance Living Forum' started by Scratchammo, Apr 9, 2011.

  1. Scratchammo

    Scratchammo New Member

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    Exactly one year ago the silver to gold ratio was 63:1, today it's 36:1. Wouldn't it be wise to consider exchanging? We also have to take a possible gold seizure into consideration. I'm thinking of exchanging my APMEX ounce for a kilo of silver & the remainder for Silver Eagles.
     
  2. Poink88

    Poink88 New Member

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    A bit late but I would personally do it.
     

  3. orangello

    orangello New Member

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    Well, if you have any muzzle-loading firearms, you could also benefit from having some anti-werewolf ammo available to you.
    ;)
     
  4. Scratchammo

    Scratchammo New Member

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    Nah, I got silver plated buckshot :D
     
  5. dunerunner

    dunerunner New Member

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    Gold has better weight characteristics for making bullets, but silver can be used. Is that what you meant? Cause SHTF, Gold and Silver will initially be worthless as paper or coinage. After the SHTF crisis, it will again regain its value. Depends on what you want to guard, carry, etc.
     
  6. c3shooter

    c3shooter Administrator Staff Member

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    Seriously- the dang crystal ball is in the shop for calibration and an oil change- so I don't have a CLUE- and if I did, I would be too feelthy stinkin' RICH to be fooling around on some internet forum!!!

    Remember- Bears make money, and Bulls make money. Piggies get slaughtered. IF you had made the switch a year ago, I would be cashing in, taking the money and running like squirrel that had sucked down two Red Bulls and a Jolt cola. Will silver continue to climb? Will the gold silver ratio continue to flatten? Will Little Orphan Annie find her dog?

    Unless you got a DeLorean with a Flux Capacitor, you're gonna have to wait and see.
     
  7. Ploofy

    Ploofy New Member

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    I would say sell both and invest in non currency methods of payment. Get proficient with a welder. Get a decent water purifier with a couple filters. Precious Metals will be worthless when you'll want to sell them. Sell now, and sell to someplace like Switzerland. But thats just what I would do.
     
  8. 12fretter

    12fretter New Member

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    Historically the ratio has always reverted itself back to 16:1 without exception. If I had gold, I'd do a lot of it especially in junk silver where bartering will be easier, when the dollar falls. No one will have change for an ounce of gold, but you can hand them a 90% silver dime. Just my two cents, of course, I have very little in precious metals because I've been running a struggling business since being laid off two years ago, but that's another thread.
     
  9. dunerunner

    dunerunner New Member

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    Or, you can hand them 10 .22LR rounds! :D
     
  10. Lindenwood

    Lindenwood New Member

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    That's what I've always thought. By the time the situation gets desparate enough for you to try to dump off all your stocked precious metals, people will have way bigger concerns than jewelry.

    On the other hand, early on, you might be able to buy a few things you need as things continue to fall flat. For example, a month after the dollar collapses, when paper money might be worthless, you might still be able to trade someone a 4-wheeler for a handful of gold coins, when otherwise cash wouldn't be acceptable.


    The things that will keep you alive will be most valuable if TSHTF but some sort of social order is restored: weapons, ammo, food, water purification.

    Other less important things might be toilet paper, deodorant, razors, batteries, etc.

    But, I'd say keep a small amount of gold (or, I suppose in this case, silver) around, but don't put too much stock in it. I do see the logic in keeping silver, because it will indeed be difficult to "break" an ounce of gold, heh. On that same note, you probably wouldn't bust out the precious metals every time you needed a candybar, so in these cases you might very well say I'll give you five gold coins and a box of 9mm for [insert important item(s) that you really need].

    And I guess to answer your question, if it is still worth a relatively large amount, then you might as well trade it out. But be ready to sell quick (if you can) because it is going to flip the other direction quickly and then nobody will want to buy it from you.
     
  11. 12fretter

    12fretter New Member

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    I don't think I agree with this. If you think more (and I HATE to use this term!) globally, precious metals will always be worth something. Just because our currency falls flat doesn't mean that precious metals aren't worth something to other currencies. Moreover, if the world fell flat, precious metals would be THE King of currency. Since we are seeing a cascading effect in revolutions, we may also see that same effect in economic crashes, leaving precious metals king.

    I'm not stocking up big quantities, but I do have some junk silver. I think it's foolish to go into collapse without some form of proven currency dating back thousands of years.
     
  12. BlackWidow

    BlackWidow New Member

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    I have a little bit of each and wish I had a lot more. After studying it for a while, certain things stand out. Silver is perfect for small transactions, and is really starting to return to its true value. Everyone should have some silver in 1-oz or smaller pieces. Old 90% silver dimes might be ideal. Other things may be used for barter - coffee, ammo, eggs, batteries, etc. But I believe gold and silver in the hand will rule supreme if things break down. They are the surest store of value through hard times.

    Gold is a little different in that it would generally not be used very often for commerce if TSHTF. Maybe to buy a farm or a houseboat or a missile silo, but other than that it's usually better to hide any gold until the crisis is well over. It helps you carry your wealth or savings THROUGH the crisis. One other important role for gold in a breakdown is this - if things get really bad, 1-oz of gold (per person) will get you across any border in the world. That might be something to consider in your planning. But for most of us, silver is the better value and much more accessible.
     
  13. Ploofy

    Ploofy New Member

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    If it's serious enough to border hop, borders will either be Kill on sight or completely unguarded.
     
  14. bkt

    bkt New Member

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    If you have little or no silver and some gold, trading in an ounce or two of gold for silver bullion or junk coins is a good idea.

    The purpose of holding precious metals isn't to use them for barter if the SHTF (though silver will be easier to work with than gold in such a situation), but to have a store of wealth after the dust settles.
     
  15. user4

    user4 New Member

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    Quoted for truth
     
  16. Scratchammo

    Scratchammo New Member

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    Well I've been watching the market recently & it's hard to say where silver is going but even if I don't trade my gold I still want to get more silver.

    Gold/silver ounce ratio:
    April 5, 37.06257982120051
    April 6, 36.95431472081218
    April 7, 36.90176322418136
    April 8, 36.25061546036435
    April 9, 36.06356968215159
    April 11, 36.39303482587065
    April 12, 36.21890547263682
    April 13, 35.84255842558426
    April 14, 36.69154228855721
     
  17. bkt

    bkt New Member

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    So go buy more silver. Both metals are holding rock steady. It's the dollar that is reliably falling in value. The sooner you part with Federal Reserve Notes in exchange for money (metal), the better.

    People have done gold/silver swaps depending on varying price ratios in order to increase their metal supply over the years. But with the recent GATA metals-price-manipulation revelation and the general mayhem in paper currencies, I wouldn't recommend trying to do that.

    And if you're going to look at ratios, you'd best go back significantly farther than a couple weeks. :) Look at it from 1850 through today and you'll see the clear divergence. Take a closer look over the last decade, and you'll be able to see how silver has irrationally and inexplicably followed gold no matter what (that's the price manipulation GATA exposed). Now that that manipulation has more-or-less stopped, you can see how silver prices move much more freely relative to gold.
     
  18. Cody

    Cody New Member

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    I've always thought that seeing paper, gold, or silver as money just doesn't make since. Often wonder how it got established and plan to do some researching on it.

    In an industrial world I can see its resource need for electronics. But as for the first guy to trade his food for something shiny.....don't get that. Don't get me wrong I applaud it at times because of what we're able to obtain because of it. But there's a reason they say you can't take it with you.

    For all intent purposes I will probably never see the value in something you can't use for your needs. If I had something to trade in a post apocalyptic world you'd never be able to buy it from me with money. Besides If money and time was well spent on needed resources, you would probably be able to just come across it all later on.

    I recommend watching Water World.

    Also don't forget the golden rule.

    "You know the golden rule: **** the gold. He who has the nickel-plated makes the rules."

    3,000 Miles To Graceland.
     
  19. 12fretter

    12fretter New Member

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    Post apocalyptic is not the only scenario though. While it is true enough that precious metals will do very little in that post apocalyptic world (Mad Max), there is another scenario where the dollar falls. Sometime in the future, another form of currency will take its place. During that interim, precious metals are your wealth that can carry you through. Once the new form of currency takes hold, you can bet, based on history, that it will be tied to precious metals all over again. If I had more money to put into my retirement (chuckle chuckle), it would be in precious metals, probably junk silver. If I could convert my current, albeit small, 401K to precious metals, I would.
     
  20. towboater

    towboater Well-Known Member

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    I think trading silver for gold would be a better bet. although most of the time I'm wrong...hehehe