Page 1
Page 1
Started By
Message
locked post

Junk Silver "investing" for economic collapse

Posted on 2/21/11 at 11:29 am
Posted by koolrat12
Member since Jan 2011
46 posts
Posted on 2/21/11 at 11:29 am
If one were to believe that the USA was eventually going to financially/socially/govermentally collapse (the cause doesnt matter - multiple radioactive bombs or whatever) - would "junk" silver be a good investment? It would seem that small demoniations of high percentage silver - 90% dimes and quarters etc., would be a good thing to have (along with guns and food). I am, of course, speaking of havig the actual coins and not a paper investment in a mining company.
Posted by Bunk Moreland
Member since Dec 2010
66426 posts
Posted on 2/21/11 at 11:47 am to
I read some doomer type boards and those thinking about barter are big into junk silver. The upside is the small denominations and it's difficult to fake. Gold coins aren't going to work if you need bread. I think silver rounds may do the trick in a collapse, but even those denominations may be too large for various transactions. The only real downside I see is that if things are that bad, even junk silver might have little value. I assume it is a pain to find, too.
Posted by koolrat12
Member since Jan 2011
46 posts
Posted on 2/21/11 at 12:10 pm to
Appreciate the reply. One can purchase bags of silver coins at about 15-20% higher than their value in silver at the time. For ex. I see them selling for 35.81 and the price of silver is 30.60
Maybe I am thinking wrong, but in a doomsday type situation wont gold and silver be worth a lot more than presently? I would guess bartering would be the main economy with a few transactions actually being valuable metals - gold and silver?
Posted by Bunk Moreland
Member since Dec 2010
66426 posts
Posted on 2/21/11 at 1:10 pm to
You're probably right if the dollar collapses and paper becomes worthless. This seems the safe assumption because gold and silver are shooting through the roof and the 5 and 10 year charts look great. I tend to agree with the hyperinflationistas, too, but there are still a few really smart deflationists making their case. Cash would be king in that situation. Keep in mind, we were apparently on the verge of a financial collapse in '08 that would likely have been deflationary. Anyway, here's the argument:
LINK
Posted by LSU0358
Member since Jan 2005
8086 posts
Posted on 2/21/11 at 1:23 pm to
Silver would be a good investment even if you didn't believe in collapse...
Posted by John Merlyn
Member since Oct 2009
2203 posts
Posted on 2/21/11 at 1:31 pm to
You can't eat silver or protect it without guns so I would probably stock up on ammo and rationa first. If it ever gets to that point I think we are all fricked anyway.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 2/21/11 at 1:32 pm to
quote:

Silver would be a good investment even if you didn't believe in collapse...


Not at those spreads.
Posted by LSURussian
Member since Feb 2005
133517 posts
Posted on 2/21/11 at 2:24 pm to
quote:

in a doomsday type situation wont gold and silver be worth a lot more than presently?
Bullets will be worth more than either of those....
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 2/21/11 at 2:39 pm to
quote:

Bullets will be worth more than either of those....


I'm thinking about building a post apocolypse club med on my farm. It's my billion dollar idea.
Posted by LSU0358
Member since Jan 2005
8086 posts
Posted on 2/21/11 at 3:42 pm to
I didn't see the 15-20% spread before I replied. The OP would be much better off buying the SLV fund. Now if the OP is really worried about collapse, but guns and ammo. If you want to make money, buy silver.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 2/21/11 at 3:59 pm to
Clearly dinars are required.
Posted by WNCTiger
Member since Aug 2006
2883 posts
Posted on 2/22/11 at 11:24 am to
quote:

The OP would be much better off buying the SLV fund.


in a collapse scenario? Are you fricking crazy?



Paper burns.









Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 2/22/11 at 11:33 am to
It would definitely be the best asset to hold if Werewolves take over the planet.

I'm going to write a seekingalpha article about that and it will move markets.
Posted by LSU0358
Member since Jan 2005
8086 posts
Posted on 2/22/11 at 11:41 am to
The OP would be much better off buying the SLV fund. Now if the OP is really worried about collapse, but guns and ammo. If you want to make money, buy silver.


first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram