1 gram silver is expensive | TigerDroppings.com
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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
58940 posts

1 gram silver is expensive

Why are 1 gram silver bars/coins so damn expensive. They are like double the regular price of silver. I don't get it.


tigerpawl
LSU Fan
Can't get there from here.
Member since Dec 2003
6324 posts

re: 1 gram silver is expensive
Because when the shite hits the fan and you actually have to use them, you'll have reasonable/negotiable denominations to buy the proverbial "bread and milk". Smaller is better in that regard, and you're paying for the immediate buying power.

Imagine going to Rouses with a 100 oz. Engelhard?


Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
58940 posts

re: 1 gram silver is expensive
Ok, that's a good point.


soccerfüt
Oral Roberts Fan
& Expertly Using My
Member since May 2013
8276 posts

re: 1 gram silver is expensive
Buy US 90% Silver Coinage. Pre 1965.

WIN

Even idiots can recognize a dime or quarter or half dollar if it ever comes time to have to use them to actually purchase goods.
This post was edited on 5/2 at 2:25 pm


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Mr.Perfect
Louisiana
Member since Mar 2013
7253 posts

re: 1 gram silver is expensive
quote:

when the shite hits the fan and you actually have to use them


I will never understand this. You think if SHTF the grocery and mall are going to have a weight and measure scale where the credit card machine uses to be?

Guns ammo and stored food will be all that matter till a new government is formed and a new currency is created.

Also... I dont think this will happen.


LSURussian
LSU Fan
Member since Feb 2005
85159 posts

re: 1 gram silver is expensive
quote:

Because when the shite hits the fan
Could you please describe what it will be like if that happens? Thanks.


TheIndulger
LSU Fan
Member since Sep 2011
13051 posts

re: 1 gram silver is expensive
quote:

Because when the shite hits the fan and you actually have to use them, you'll have reasonable/negotiable denominations to buy the proverbial "bread and milk".




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tigerpawl
LSU Fan
Can't get there from here.
Member since Dec 2003
6324 posts

re: 1 gram silver is expensive
quote:

Could you please describe what it will be like if that happens? Thanks.
End of the Road; How Money Became Worthless


LSURussian
LSU Fan
Member since Feb 2005
85159 posts

re: 1 gram silver is expensive


Iowa Golfer
Iowa Fan
Heaven
Member since Dec 2013
2650 posts

re: 1 gram silver is expensive
History always repeats itself, even if bankers deny this reality. When? That is the question though. Could be tomorrow, could be a thousand years from now.


iknowmorethanyou
LSU Fan
Paydirt
Member since Jul 2007
5066 posts
Online

tigerpawl
LSU Fan
Can't get there from here.
Member since Dec 2003
6324 posts

re: 1 gram silver is expensive
Add this to the library:

John Law and the Mississippi Bubble


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Hawkeye95
Iowa Fan
Member since Dec 2013
7432 posts

re: 1 gram silver is expensive
quote:

I will never understand this. You think if SHTF the grocery and mall are going to have a weight and measure scale where the credit card machine uses to be?

Guns ammo and stored food will be all that matter till a new government is formed and a new currency is created.

Also... I dont think this will happen.

there will still be bartering, and precious metals will retain some value. but its not like the qwik-e-mart is going to have slushies.

You will have to barter with farmers or other good producers. They are going to want something of value, and precious metals are about the best you can come up with. Ammo would be a good alternative, but its heavy and its not worth **that** much.

The ultimate would be cigs. And diet coke.

But this isn't going to happen anytime soon, and if it does we will have plenty of clues. It could have happened in 2008, but we dodged that one with a hearty gov't response. I don't see them failing to do it again, if the need arrives.


cave canem
Mississippi St. Fan
land o sand
Member since Oct 2012
2265 posts

re: 1 gram silver is expensive
Ok back to the op's question. For the same reason that coke, doritoes and anything else cost more per volume in smaller quantities, production, packaging, and marketing cost are higher on a per unit ratio the smaller unit you buy. The doomsday wacko's think they can buy supplies after armagedon with small amounts but have not thought it through very well. NO ONE is going to give up what they need to survive in a end of the world as we know it situation for a piece of metal.
If this is why you are planning to buy silver you would be much better off stockpiling ammo, guns, and non-perishable food items.


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TigerTatorTots
New Orleans Pelicans Fan
Mandeville, LA
Member since Jul 2009
69371 posts

re: 1 gram silver is expensive
quote:

Guns ammo and stored food will be all that matter till a new government is formed and a new currency is created.

Bingo

Guns and ammo will be sooooooooo much more valuable that any precious metal...and I'm a physical silver owner. If shite really hit the fan, I won't be trading 100 bullets for an ounce of gold.


Volvagia
LSU Fan
Baton Rouge
Member since Mar 2006
41811 posts

re: 1 gram silver is expensive
quote:

Because when the shite hits the fan and you actually have to use them, you'll have reasonable/negotiable denominations to buy the proverbial "bread and milk". Smaller is better in that regard, and you're paying for the immediate buying power.


Ive been thinking of picking up some Eagles....

But I have been leery of people thinking that the listed demonination is the fair value of the coin.

$20 dollars for currency labelled as one dollar.


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Volvagia
LSU Fan
Baton Rouge
Member since Mar 2006
41811 posts

re: 1 gram silver is expensive
quote:

If shite really hit the fan, I won't be trading 100 bullets for an ounce of gold.


Seems to me that will be the smart move if you weren't compromising yourself in doing so.

Come out of the deep end rich.


cave canem
Mississippi St. Fan
land o sand
Member since Oct 2012
2265 posts

re: 1 gram silver is expensive
You only come out the deep end rich if the metal you trade for still has value. How many pieces of silver or gold will you trade for a can of pork and beans if you are starving?
I also buy and hold some physical silver and have for over 20 years. I did however unload most of my holdings in the last 24 months. Bought most under 5$ an ounce sold at 45$. This is why you invest in metals if you have the time money and patience, not because the world is coming to an end. It is just like anything else, buy low sell high. Just remember entirely different forces drive the metal market than the stock market and they are much harder to predict on a daily basis. Trying to daytrade metals has lost many a man his fortune and I would not advise it to anyone.


TejasHorn
Texas Fan
High Plains Driftin'
Member since Mar 2007
4055 posts

re: 1 gram silver is expensive
Will the Gap and Chik-Fil-A take this smaller coinage too? This will be good for me to know when "SHTF."


soccerfüt
Oral Roberts Fan
& Expertly Using My
Member since May 2013
8276 posts

re: 1 gram silver is expensive

Abita Brewery

Somebody with propane or gasoline.

Somebody with MREs

And maybe by that time, somebody with Viagra





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