Malsua 1,422 Posted December 18, 2015 Didnt the feds raise the interest rate. That would correlate to precious metals prices. Inverse relationship. Higher interest rate means the economy is doing better meaning money moves to stocks and out of PM. Quote Share this post Link to post Share on other sites
Golf battery 1,223 Posted December 19, 2015 Thats what i thought. Quote Share this post Link to post Share on other sites
Alex V 99 Posted December 20, 2015 I've been slowly investing in ammo. However the plan is not for resale. If shit REALLY hits the fan, I won't be selling it, I'll be using it lol. In the same situation, as someone said earlier, gold won't be worth much as you can't eat it, procure something to eat with it, or defend yourself with it. :-) Quote Share this post Link to post Share on other sites
Old Glock guy 1,127 Posted December 20, 2015 I've been slowly investing in ammo. However the plan is not for resale. If shit REALLY hits the fan, I won't be selling it, I'll be using it lol. In the same situation, as someone said earlier, gold won't be worth much as you can't eat it, procure something to eat with it, or defend yourself with it. :-) In a perfect world you would have both: precious metals to preserve your wealth and ammo to defend it. Quote Share this post Link to post Share on other sites
SmittyMHS 603 Posted December 20, 2015 I've been slowly investing in ammo. However the plan is not for resale. If shit REALLY hits the fan, I won't be selling it, I'll be using it lol. In the same situation, as someone said earlier, gold won't be worth much as you can't eat it, procure something to eat with it, or defend yourself with it. :-) I've always felt that way. You can trade 1 round at a time if things get real bad if need be. What good will an ounce of gold do ya? It's all according to what scenario you want to think of. Quote Share this post Link to post Share on other sites
Alex V 99 Posted December 20, 2015 In a perfect world you would have both: precious metals to preserve your wealth and ammo to defend it. Precious metals, just like anything, are only worth what people are willing to pay for them. Take a situation like we see in One Second Aftet or Lights Out or Alas Babylon. Gold is not worth defending. Sure, maybe one day it will be worth something again. Maybe. In the meantime, ammo can be traded for food, can acquire food and can protect both you and your food. If it gets to that situation, I'd rather have lead/copper than gold. Hell, once the people who have the gold run out of ammo, those who invested more in the latter than the former, can have both. Quote Share this post Link to post Share on other sites
mipafox 438 Posted December 20, 2015 You aren't paying your taxes with ammo, and that's pretty much the last thing to go in SHTF. You're also not chartering a boat from Canada. You are not bribing an Army officer to let you leave a lockdown area - or to skip your house in a weapons sweep. We have seen SHTF dozens of times in modern history, wealth is what makes the difference. Security, food and water, and self-sustainability are highly valuable. But you are still in the same position as everybody else at the end of the day without currency. Quote Share this post Link to post Share on other sites
T Bill 649 Posted December 20, 2015 You aren't paying your taxes with ammo, and that's pretty much the last thing to go in SHTF. You're also not chartering a boat from Canada. You are not bribing an Army officer to let you leave a lockdown area - or to skip your house in a weapons sweep. We have seen SHTF dozens of times in modern history, wealth is what makes the difference. Security, food and water, and self-sustainability are highly valuable. But you are still in the same position as everybody else at the end of the day without currency. I would say PM, ie gold, not currency. At some point currency not worth the paper printed on. Quote Share this post Link to post Share on other sites
DirtyDigz 1,812 Posted August 29, 2019 Gold back over $1,500, silver over $18. I think fear over another currency devaluation race (especially Chinese Yuan) is driving this. Quote Share this post Link to post Share on other sites
CMJeepster 2,780 Posted August 29, 2019 50 minutes ago, DirtyDigz said: Gold back over $1,500, silver over $18. I think fear over another currency devaluation race (especially Chinese Yuan) is driving this. Or people getting out of the stock market and into this. Quote Share this post Link to post Share on other sites
Sota 1,191 Posted August 29, 2019 which sucks as I might have some funds to invest more into my collection, but i'm going to wait for the prices to drop. Quote Share this post Link to post Share on other sites
DirtyDigz 1,812 Posted August 5, 2020 Silver over $26, Gold over $2,000 https://comparesilverprices.com/ Quote Share this post Link to post Share on other sites
DirtyDigz 1,812 Posted November 17, 2020 Interesting observation I read elsewhere: Quote At its ATH in November 2017, one Bitcoin could be traded for 15 ounces of gold bullion. Mind you, those were some manic days for crypto. In the first half of 2019, Bitcoin experienced another powerful rally which propelled price from $3,500 to $13,000. In June 2019, at the peak of that rally, one Bitcoin would net you 10 ounces of gold bullion. So far this year, we have witnessed a powerful rally that has rocketed Bitcoin from $4,000 to $16,600, and the ATH of $18,000 is in sight. Today, one Bitcoin will net you just shy of 9 ounces of gold bullion. Quote Share this post Link to post Share on other sites