re: Anybody Buy Gold and Silver?

I usually buy silver coins but not exclusively for investment purposes. I am more into it for the numissmatic value.

I love the Silver Eagles and the Canadian Maple Leafs. Morgans and Peace dollards are pretty cool too.

IF you are thinking about purchasing PMs for a SHTF case, think of it this way.

Will you be able trade a bar of silver or gold for some food or ammo?

Just remember this, PMs are more of a 'store of value' or hedge against inflation.

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If the whole economic system collapses the most important metals to own will be little pieces of lead stuck in the end of small, brass tubes....

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Bingo.

If the economic system collapses, precious metals won't have much value as people are thinking they would. You can't do anything with gold or silver. Bullets, alcohol, luxuries, etc will all have more value that metal.

Where precious metals come into play is before the bottom drops out of the economy.

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I'm not sure I agree with this. If you look at historical precedent, it seems precious metals are valuable. There is a reason they did what they did to gold during the great depression. Take a look at miners during the depression years also.

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I wouldn't consider the Great Depression being the "bottom dropping out" of the economy. PMs still had purpose then. I'm talking full on shite hit the fan, life as we know it no longer existing. Once we get to the point where bullets are the superior form of currency, god help us all.

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if the economic system collapses, precious metals won't have much value as people are thinking they would. You can't do anything with gold or silver. Bullets, alcohol, luxuries, etc will all have more value that metal.

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Agreed. If shite really hits the fan, then antibiotics, guns, ammo, propane, generators, canned food, dried food, booze, lighters, candles, cooking oils/fats, batteries, toilet paper...etc would all be much more valuable than precious metals.

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If the dollar deflates by as much as some of you think, all that gold and silver won't help much.

It's like some of y'all think we'll be transported back to merry 'ole england. Taking the grocery getter to Starbucks and Whole Foods with our bag 'o gold coins.

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Tell that to a Venezuelan today....

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I bet this guy was on an episode of doomsday preppers

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you shut your whore mouth girl,
however,

guns, ammo, food and clean water will be much better barter items than gold or silver if the SHTF.

Or how about during Katrina disaster where ammo and gasoline where the biggest commodities to trade???

Sorry, I missed your post earlier been busy lately. Honestly I just started adding gold and silver again after parting with some toys I no longer used and was tired of coveting.

Silver will hit a high mark again as it always seems to do and I might dispose of some bars and repurchase them when it hits a low rate. The MS-70 coins will be staying in the vault.