Reasons to own all silver and no gold

Discussion in 'Money, Investing & Precious Metals' started by BillS, Apr 18, 2017.

  1. BillS

    BillS Well-Known Member

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    [ame]https://www.youtube.com/watch?v=Bub1M4sCLmo[/ame]

    He holds signs up that you can read as you skip through it. It's worth taking some time to look at.
     
  2. Pessimistic2

    Pessimistic2 Watching the world self-destruct!

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    Whaaaa?

    He lost me when he equated the difficulty storing 10,000 ounces of silver vs 10,000 ounces of gold.........Ummmm, if you have 10,000 ounces of silver @ the current price of $18.26, and you have 10,000 ounces of gold @ the current price of $1,290.10 ..... you have $180,260 in silver, and $12,901,000 in gold.
    Reality is you only need 140 oz of gold to equal that 10,000 oz of silver. I'll stick with the gold, thank you! Storage? Ummm, I'd say gold is a lot easier to store physically, dollar for dollar value.....:rofl::wave:

    http://invest.monex.com/silver-pric...Google&utm_campaign=Non-Brand&mm_replace=TRUE

    http://www.apmex.com/spotprices/gold-price
     

  3. tmttactical

    tmttactical Supporting Member

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    I am going to store lead. Cheaper and has more uses. Only store silver if we have a Werewolf epidemic. Okay, I know but somebody had to say it.
     
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  4. bkt

    bkt Well-Known Member

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    The point of storing precious metals is because the dollar is worthless [email protected] You might consider stopping valuing the metals in dollars. :)

    I didn't watch the video yet, but it has been said there is less silver above ground than gold today because silver is used so heavily in industry (where gold is not) and used in ways it cannot be reclaimed (as in medical bandages).

    History has the gold:silver ratio at 1:15 or 1:16 over thousands of years. Today, that ratio is 1:70. That doesn't mean gold is overvalued; it means silver is undervalued. Well, both metals are undervalued relative to dollars.

    As with anything, I like to diversify. Holding a mix of metals isn't unwise.
     
  5. Tweto

    Tweto I love the smell of Argon in the morning

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    The point on the video is which metal will make you richer. For preppers the point is what will store your wealth the best, the dollar, Gold or Silver. It's obvious that the dollar has never been a good method to store wealth in but both PM's do have a track record over time of being a very good storage of wealth.

    Yes, there are a lot of advantages to Silver, but to a prepper it's important to have both. I can fill one hand with Gold coins and walk a way from my current life and start a new life else where, even in another country. I can't carry 100 pounds of Silver very easily on my person and go undetected by other people, but a hand full of Gold fits into a pocket and is very discreet.

    Never listen to any one that says that PM's are hard to store. Yes, some say get a 500 pound safe, but some just store it in the walls of their houses.

    I have been concentrating of my Silver stash this year but most years it has been Gold and next year will be Gold again.
     
  6. Genevieve

    Genevieve I'm done - gone

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    People will always get a gleam in their eye if you flash them gold for something

    I say diversify ;)
     
  7. Flight1630

    Flight1630 Junior Member

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    Silver. Isn't also to kill vampires lol
     
  8. Pessimistic2

    Pessimistic2 Watching the world self-destruct!

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    Diversification....

    Diversification....isn't that "multiculturalism" by another name?

    OK, seriously, yes, some diversification is a wise move....don't put "all your eggs in one basket" type of thing. But as several have pointed out, a pocketful of gold will enable you to do just about whatever your little heart desires, but you'd need a pickup truck to haul around the equivalent in silver. I am in gold and platinum, silver not so much (well, practically zip, actually)...and the stocks are limited to "necessary commodities," food industry, medical, oil (yes, oil), and cosmetics (yes, cosmetics, dammit, you know HOW MANY cosmetics women buy every year?). And every now and then I'll stick my neck out on an IPO or two, and hope for a quick rise, and capital gains be damned.....sometimes it works,sometimes it doesn't, but there's a lot going on in the "high tech market" now and worth a shot or three. IPOs are "speculative," though, and like "gambling," you should never stick in more than you can afford to lose. (You come up with a sure-fire legal way to beat the casinos, let me know, people been trying that forever and 99.9% go home broke.) :coffee:
     
  9. Tweto

    Tweto I love the smell of Argon in the morning

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    Casinos are manipulated so that just a some small percentage win.
    Wall street is manipulated so that only a small percentage come out ahead.
    Gold and Silver prices are manipulated.
    The dollar is manipulated.

    So what do we really know. You can count on losing all your money at a casino, you can lose a good portion of your money on Wall street, The dollar may go up but most likely will drop in value, but Gold and Silver is real money and is the basis for all forms of value in currencies and may go down relative to the dollar but chances of it going up in any SHTF scenario is very good.

    So in these current times, I vote for Gold and Silver (physical only).
     
  10. Pessimistic2

    Pessimistic2 Watching the world self-destruct!

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    Casinos, by law, I think, have to "pay out" a certain percentage of what they "suck in." The thing is, those payouts, except for the occasional, win-the-lottery-type "Jackpots," are spread out so thin you wouldn't even know they exist!

    Wall Street is a nightmare....if you don't stick to "necessary products" investments you're probably gonna get burned. (Hell, even if you DO stick to the basics, you may get burned!)

    Gold/Platinum/Silver are manipulated....but traditionally have been the best things going for the individual investor......and if the SHTF, will likely be the only form of "money" worth a hoot. (Certainly green dollars won't be worth anything, except maybe tinder...)

    Yup, me, too....Gold/Platinum/Silver get my votes! :D
     
  11. BillS

    BillS Well-Known Member

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    I have about 3 ounces of gold: an ounce, half ounce, and 15 1/10 of an ounce gold Canadian Maples. I could sew my gold coins into the lining of my clothing just like refugees have done for years.

    I have the bulk of my savings in silver. Bix Weir is one of a couple of guys who thinks the silver price will briefly equal the gold price once the Federal Reserve and the big banks lose the ability to manipulate the price.
     
  12. ZoomZoom

    ZoomZoom Rookie Prepper

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    For those saying to stick with gold so you can stick it in your pocket when you bug out, what are you going to do when you need a tank of gas and bills are no good? A few 1-ounce silver rounds over the counter and you have your gas.

    When doing transactions in metals, unless you're buying something really big, silver has the advantage as it is a much smaller demonination.
     
  13. Tweto

    Tweto I love the smell of Argon in the morning

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    Gold has never been a daily use type money. That's what Silver is for. Gold is for reestablishing a living by buying a home, a car, etc. Silver is for fuel, food and other normal every day expenses.

    Some economist recently said that after the dollar collapse that every ounce of Gold will buy a house and every ounce of Silver will buy a weeks worth of food. This could be true, I don't know.
     
  14. Pessimistic2

    Pessimistic2 Watching the world self-destruct!

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    BillS....you said, "Bix Weir is one of a couple of guys who thinks the silver price will briefly equal the gold price once the Federal Reserve and the big banks lose the ability to manipulate the price."

    That's why there are only a "couple guys"....ain't gonna happen. Not saying silver is a bad investment (it isn't), but the price of silver is never gonna equal the price of gold.
    Check the history of silver/gold prices......manipulation or no manipulation, gold has it all over silver. ESPECIALLY when you consider dollar value storage, ease of use......you want to drive a 1-ton dualie to haul around that silver, or would you rather stick gold in yer backpack, or even a fanny pack?

    The chance of silver EVER equaling the price of gold is about as good as me winning the megalottery! Just my opinion, but I don't think history should be ignored.
    http://onlygold.com/Info/Historical-Gold-Prices.asp
    http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx
    ;):wave:
     
  15. bkt

    bkt Well-Known Member

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    Actually, in a SHTF situation that is large-scale, tampons, condoms, fish hooks, cigarettes, booze, clothing and similar things would be better to have for barter. That's just my opinion.

    I hold precious metals as a store of wealth for after the SHTF situation.

    If you tear them in half, you can wipe twice.... :rolleyes:
     
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  16. bkt

    bkt Well-Known Member

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    Absolutely correct. Having silver - in particular, old U.S. currency "junk" silver - specifically for smaller purchases makes sense.

    I don't think anyone said to stick only with gold - folks here seem to embrace the idea of holding all kinds of precious metals. Weir, on the other hand, advocates dumping ALL gold and buying silver. That doesn't seem like a terribly wise move.
     
  17. Pessimistic2

    Pessimistic2 Watching the world self-destruct!

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    ZOOMZoom....Ok, so I'm a nitpicker, sue me...you said, "For those saying to stick with gold so you can stick it in your pocket when you bug out, what are you going to do when you need a tank of gas and bills are no good? A few 1-ounce silver rounds over the counter and you have your gas."

    OK, how about you give the gas guy ONE 1/10 oz gold coin, and take yer change in silver? (1/10th oz gold right now = $120.90 And 10 oz of silver =$180+) Your tank holds how many gallons? "Just sayin'," to quote another Forum member...:)
     
  18. LastOutlaw

    LastOutlaw Well-Known Member

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    As the value of the dollar goes down in a crash the value of the silver and gold will go up. What an ounce of gold is worth today may be 100 times more once the dollar crashes. Same for silver. So the 1/10th ounce of gold that is worth $120.00 today may be worth $1200.00 when the dollar crashes or even $12,000.00. Who knows. The gallon of gas may be more as well but it will not be 100 times it's cost today. When Iceland crashed its financials you could buy a $100,000.00 home for $300.00 in silver.
    Your 1/10th of an ounce gold coin would buy a lot of gas or bread and making change could be a biotch. That 1964 dime might just fill your tank and get you the bread that you need and not need to make a crapload of change.

    I store all kinds, rounds, silver dollars, bars, gold coins etc. But my fav is junk coins. People are making fake silver dollars and ingots but no one is making fake 1964 and earlier coins.
     
    Last edited: Apr 20, 2017
  19. Pessimistic2

    Pessimistic2 Watching the world self-destruct!

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    Yeah, I suppose "making change" could pose a problem....cut the 1/10 ox gold coin in half?:D You have a point...something to think about..:dunno::coffee:
     
  20. TheLazyL

    TheLazyL Cowboy

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    When all of y'alls gold and silver has been spent, stolen, melted and long gone is when I become rich and the Owner of all. Twinkies is what I've invested in. They got so many preservatives in them that 10 years after TEOTWAWKI they will still be soft and eatable.

    Think about it. When all else has been gone forever and I offer to trade Twinkies, what would you trade for that taste and for the memory of the past?