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Discussion: Gold, silver, coins, bullion etc. thoughts
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Markthegenius |
Gold, silver, coins, bullion etc. thoughts
Dec 20 2011, 1:23 AM EST
I for one would like to be able to afford a lot of gold coins. Unfortunately it's currently over a £1000 for a single 1oz pure gold coin. Silver's usually less than £30 for 1oz.However, you can buy gold *plated* coins for a lot less. I've just bought a couple to check them out seeing as they're cheap. I also bought a silver plated 1oz coin I'd like to know peoples thoughts on gold plated coins- are they something you'd consider trading with? Do you find this valuable?
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bullion
chuck norris
Darken Rahl
Gold
precious metals
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redcomrad |
1. RE: Gold, silver, coins, <nobr><a href="#" class="FAAdLink" id="FALINK_2_0_1">bullion</a></nobr> etc. thoughts
Dec 20 2011, 2:23 AM EST
Gold and i believe silver does not tarnish, has been used as currency for thousands of years, and look kinda nice (personally i find silver far more appealing) so i think they could one day become a form of hard currency in an established society but they wouldn't be particularly valuable to most for quite a while sorry ooh and happy holidays.
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Oakspar77777 |
2. RE: Gold, silver, etc
Dec 20 2011, 4:09 PM EST
Gold, silver, and the like are considered hedges against tough times, but are anchors in terrible times. Even the Bible talks about the inability of a bag of gold to purchase a loaf of bread when times are sufficiently lean.Gold, silver, and the like have little intrensic value. True, they have held their value over time - but there have been occasions in which they had limited value. In other words, when the economy is touch and people worry about the future, the price of gold goes through the roof. During good times, when gold is not keeping pace with inflation and there are other more lucrative options, gold falls. So, now is not the time to purchase gold. The time to purchase gold is when it looks like a terrible investment because nobody wants it. Now is the time to sell gold, because people worries are high, the price is good, and while things might get worse, they seem to be on an incrimental path towards improvement. If everything falls apart, gold will have no more value that dirt - as it is only that useful when it comes to eating and staying alive. Also, anything that sets the human population back signifigantly is going to reduce the value of gold - since the amount of gold per person is going to skyrocket. Do you find this valuable? |
renet76 |
3. RE: Gold, silver, etc
Dec 21 2011, 1:46 AM EST
Gold and silver has been a recognized trade able commodity for as long as there has been any form of civilization well apart from the cave man who still hadn't worked out how to light a fireThere is insurmountable amounts of information on these to metals available on the web and in books so if you are looking at buying any then i would strongly do your own research on the subject before you make a formed opinion You should also ask yourself what you long term goal for the gold and silver you may buy is for 1. is it a back stop against hyper inflation? 2. is a way to store currency 3 Do you intend you use it a trade item 4. do you just want to have some for a rainy day? I personally have a innovatory of gold and silver in a secure location for part of my long term goals Now the one thing i am going to say that some will tell me i am wrong and so on is I do not waste my money buying silver dollars/ silver eagles silver rounds are going for $30-33 each silver eagles are going for $32-34 each but silver is currently only worth $29.60 an ounce so you would be paying more per ounce just do buy pretty coins so you buy 100 ounces of silver you will pay $2960 for it but if you bought the same amount in coins you would be paying any where between $3000 to $3400 for the same amount of actual silver so you could end up blowing $460 just to have coins Now people will say "oh but people know the coins and will know its silver" true but unless you are trading with people from another country any one trading in silver will also know the mint marks on your silver bars as well that verify its .999 fine silver Do you find this valuable? |
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BackwoodsJack |
4. RE: Gold, silver, etc
Dec 21 2011, 2:16 AM EST
I never understood why so many "survivalists" think that stockpiling gold/silver will make them the Scrooge McDuck's of the post-Apoc world...Gold and silver only have "relative" value...that is, they are valuable only as long as people care enough to want to own them. In a post-Apoc society, gold and silver and such will be completely worthless as america is reduced back into a basic barter society...people will trade goods they dont need to other poeple who need them, in exchange for goods that they do need. Nobody is going to be scrambling to horde thousands of pounds of gold when ammo, food, water and particularly land are the most valuable commodities to survival post-Apoc. Who would you rather be...the guy with the 500-acre spread with a natural spring in Midwest america, or the grumpy old miser lugging around a suitcase of gold from burnt-out city to burnt-out city. Gold originally only created its own value when people needed a monetary marker to take the place of actual trade goods...it was easier to keep one's fortune in a small pile of gold instead of 1000 barrels of grain...so the "gold standard" was created for people to measure and represent monetary value in a more portable, easier-to-handle manner. For the first 5-10 years after the Apoc, such a "solid money" system will be virtually unheard of, until people once again start building up more stock of trade goods than they can easily manage. Also, keep in mind the value of gold is relative only in reference to how much value people are willing to ascribe to it...and there will be massive "de-inflation" of hard currency when the SHTF. If you buy a $100 bar of gold today...2 years post-Apoc, will I trade you a barrel of seed or a parcel of land for it? HELL NO. That barrel of seed that was maybe $10 at Lowe's today is now worth infinately more 2 years after SHTF. Do you find this valuable? |
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renet76 |
5. RE: Gold, silver, etc
Dec 21 2011, 3:07 AM EST
"I never understood why so many "survivalists" think that stockpiling gold/silver will make them the Scrooge McDuck's of the post-Apoc world...while what you are saying is correct its important not too forget that countries collapse and currencies become devalued quickly Also there will always be a lag time between when gold goes from being worth something to worthless Say there was a massive disaster and every thing went down the toilet but not every where and you see other survivors trading gold and silver to buy a ticket on a boat to a safe place that wasn't effected to bad and you try to trade your seeds , ammo or what ever and you get told point blank "We are only taking gold or silver " You would suddenly see why people did buy those items before or what if there is suddenly hyperinflation and your 10k in the bank will only buy a loaf of bread Gold and silver will still have an international set price and it will be worth more then your 10k in the bank that you now cant even buy a packet of chewing gum with Do you find this valuable? |
Filadog |
6. RE: Gold, silver, etc
Dec 21 2011, 6:45 AM EST
"Now the one thing i am going to say that some will tell me i am wrong and so on is I do not waste my money buying silver dollars/ silver eaglesSeveral advantages to buying silver coins.... While you may pay slightly more for scrap silver coins now then the market price for silver you should also get more for them when you sell or trade them. Is pretty established what scrap coins are worth with out having to weigh them... such as a Siver dime being worth X times face vaule Scrap Silver coins give you a way to use and buy silver in smaller amounts. You want to trade some silver for a loaf of bread and all you have are 1 oz silver ingots what do you do? You can often buy scrap silver for below market vaule because sellers don't know what they have. I've bought lots of silver coins and other scrap at flea markets etc. at way below market....never seen a person selling a silver ingot for less then it is worth I bought out a jewelers workshop befor and have a set of stamps to mark Sterling , .999 as well as gold Ks..Believe me others do too I have seen silver ingots that I thought were suspicius and many other people probably feel the same especially people that are not real familer with precious metals If you are investing in silver for the pre apocalyptic world maybe silver ingots might make some sense, for that matter you can just buy silver stock but I think if you are thinking about post apoc trading silver coins are the way to go Do you find this valuable? |
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Filadog |
7. RE: Gold, silver, coins, bullion etc. thoughts
Dec 21 2011, 6:52 AM EST
"I for one would like to be able to afford a lot of gold coins. Unfortunately it's currently over a £1000 for a single 1oz pure gold coin. Silver's usually less than £30 for 1oz.A gold or silver plated coin contains such a tiny amount of precious metal it doesn't affect it's vaule at all. It's worth will never go up because of the silver or gold plating,..These coins are marketed as a "collectable" and if you ever tried to resell them you will be lucky to get anywhere close to what you paid. I guess always the chance you could try to pass them off to slow heads that might actually think they are worth something or think they are solid metal Do you find this valuable? |
x-wolfhunter |
8. RE: Gold, silver, coins, bullion etc. thoughts
Dec 21 2011, 6:00 PM EST
I think that gold and silver would be worthless for quite a while PZD. Mostly, trade will probably be in the form of useful items for quite some time (Years, maybe) as those are the only guaranteed payoffs; who knows if the next guy you meet will accept the gold you just got for that hunk of deer meat? After a while, or in established communities, the value of "money" as we know it will resurface and rise to popularity again. But there will most likely never be a unified money system again, IMO. And that includes gold. Do you find this valuable? |
boater1217 |
9. RE: Gold, silver, coins, bullion etc. thoughts
Dec 22 2011, 12:11 PM EST
Old saying, if you have the ammo you can get the gold. After SHTF, my opinion is that in rural areas (were I would want to be) ammo and food are going to be of more value than gold or silver. If things start to rebound then gold and silver will regain it's value because it travels better (as someone mentioned above).Right now both gold and silver are on a bubble, take that same money and invest it in food, ammo, land and weapons. Thats my plan and I am sticking to it. Do you find this valuable? |
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SEALDoc911 |
10. RE: Gold, silver, coins, bullion etc. thoughts
Dec 22 2011, 12:23 PM EST
I don't imagine gold, silver, platinum buillion having much value in a Zed world. You would have to carry it on the move and it would have no immediate value to anyone in a trade. Weapons, food, water, fuel, meds, clothing and so on, would have far more value....Depending on circumstances and whether or not there were any kind of governments; I can't imagine precious metals, gems or currency having any value. If you had these things going into the apocalypse, I would bury them somewhere and come back for them if and when new governments are set up....That's just me.
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renet76 |
11. RE: Gold, silver, coins, bullion etc. thoughts
Dec 23 2011, 12:42 AM EST
| Post edited: Dec 23 2011, 12:43 AM EST
The thing to remember is not every thing is going to be a total global apox where its going to be guns ammo and food rule the markets there is nothing to stop another great depression from happening there is nothing to stop your country from going broke If your countries economy went to the dogs and you lost your job and inflation sky rocketed you will still have bills to pay you will still have to pay your land taxes and so on and that is why people buy silver and gold not always to trade in an apox but also as a buffer against a financial crisis and that is part of peoples survival planning People say put your money in the bank and earn interest on it but what happens if your government closes the banks one day to stop people pulling all their money out of the banks fearing a economic meltdown? You might be lucky and have $2000000 in the bank but if you have no way of withdrawing it if all banks are shut down under emergency powers then you may as well have nothing people said i was stupid for spending as much as i could on gold and silver many years ago when the prices were way down but now they have nothing to say So while some are buying guns and ammo to hold off the zeds other are also buying silver and gold to hold off the banks and repo men One day it will be a rainy day its just a matter of what type of rain it is 1 out of 1 found this valuable. Do you? |
