Investing in precious metals

[HK4U]

My idea of precious metal are the items used in the MFG of firearms and ammo.

I knew that was what your were referring to.

[boyzoi]

My idea of precious metal are the items used in the MFG of firearms and ammo.

OK.........so we can use the silver to make bullets to kill Dracula....

[festus]

OK.........so we can use the silver to make bullets to kill Dracula....

SILVER IS FOR WEREWOLVES

WOODEN BULLETS ARE FOR DRACULA (yes they actually made wooden bullets for training in europe)

[boyzoi]

LOL..... blood-suckers everyone of them
I wonder if George had wooden bullets to match his wooden teeth.

[toreskha]

I think what Pascal was trying to say up there is that if things have gotten so bad that the fiat currency system collapses, the last thing anyone will be thinking about is gold and silver. Things that can't be made easily, like batteries and ammunition, will be far more valuable. You can also use it for yourself until you need to spend it. Invest in gold all you want, but if TSHTF and no one wants the gold, then you're stuck with a lump of pretty metal that you could have used for something else, like reloading supplies or a generator, or whatever. But, those things you can both use yourself *and* trade if you need to.

[HK4U]

Be sure to have plenty of food. At least 3 months supply. A year is better. Gold and sliver are o.k. if you have the necessities taken care of but you can not eat gold. Also plenty of guns and ammo. Like the late Mel Tappan said. "If you store food and your neighbor stores guns when the crap hits the fan he will have his guns and your food.

[PascalFleischman]

i think what pascal was trying to say up there is that if things have gotten so bad that the fiat currency system collapses, the last thing anyone will be thinking about is gold and silver. Things that can't be made easily, like batteries and ammunition, will be far more valuable. You can also use it for yourself until you need to spend it. Invest in gold all you want, but if tshtf and no one wants the gold, then you're stuck with a lump of pretty metal that you could have used for something else, like reloading supplies or a generator, or whatever. But, those things you can both use yourself *and* trade if you need to.

bingo!

[jwtollett21]

Historically mutual funds seem to give us the greatest return rate. We have seen a steady climb. If you have a good 25-35 years the stock markets the way to go.

Worst case scenario and the stock markets collapsed i guess you needs your gun and ammo, food and water. Just live off the land.

[wolfhunter]

SILVER IS FOR WEREWOLVES

WOODEN BULLETS ARE FOR DRACULA (yes they actually made wooden bullets for training in europe)

:off topic: I once read an article concerning handloaded, large caliber revolver rounds with projectiles made from wooden dowels for SD in apartments. Theory was the projectile would stop at or near impact. (And just think of the torture in the ER when they try to dig out all those infection causing little splinters that don't show on XRay)

[Boomboy007]

I would still recommend having a little tradeable gold on hand. IMHO the best thing to acquire is 24K casting grain (used to be a jeweler LONG ago). The casting grain is comprised of small, irregular granules, like a very fine gravel. This consistency allows for easy transport, and one may easily trade the grain in any amount desired. Bullion, coins, and other types are fixed weights, and are therefore more difficult to trade in small amounts. An ounce or two might mean a lot down the line, and is probably one of the most concentrated trade goods, per weight and volume, that you could carry.

I agree that you can't eat it or shoot it (well, actually...), but I simply can not believe that it would not retain a lot of value at some point down the line. By all means, get the water, food, firearms, ammunition, etc. first. Then, consider a little bit of gold for "after".

For what it is worth, if you decide to buy gold of any kind for trade or investment, make sure that it is 24K. Alloys will be much harder to test after TSHTF, and refining facilities will probably be few or non-existent. Jewelry is excepted from that statement! If you are buying a piece of gold jewelry for your better half, stick with 18K or 14K, depending on the piece. Of course, you know not to buy jewelry as an investment, right?