Is someone making silver bullets just in case it's werewolves instead of zombies attacking?

Is someone making silver bullets just in case it's werewolves instead of zombies attacking?

 

I believe it's called capital flight into hard commodities.

 

There are three ways the federal government can get out of debt.

 

Default.

Retire it by paying it off.

Hyperinflation.

 

#1 means the dollar loses its value and you risk war with your creditors.

#2 Impossible

#3 means a collapse of the federal government, the dollar and our way of life. It won't be controllable by central bankers.

 

In any of those cases, having some hard currency means you get to eat. Silver is probably the best bang for your buck, brass being next

 

 

Or maybe he just wants some silver.

Why silver and not gold?

Why silver and not gold?

 

Gold has pretty much peaked..... Silver is next...

Silver is currently $21 per ounce. Even poor folk have $21... It was about $15 per oz in January.

I have around 50 silver quarters I think

Me personally I like silver just remember when gold goes up silver also goes up not as much but there is a ratio that it used. I still think gold will go up more (the way the economy is going), but it is nice to see a pile of silver to a little mound gold.

Silver is currently $21 per ounce. Even poor folk have $21... It was about $15 per oz in January.

 

Try finding any for $21. Street price is several dollars more than that.

Why silver and not gold?

Others have already given good reasons, but, the one I always think of is if you ever have to use silver or gold as currency if everything has turned to sh*t, it's much easier to use silver than gold. Gold is like what... $1300 an ounce or something these days? Doubt anyone is gonna have "change" to break your 1oz of gold. So, silver is much easier to use as currency.

I personally believe if sh*t really really hits the fan the value of precious metals will be none... Useful and practical things and supplies will be the most valuable and you will get them thru barter or trade. And I like more the explanation of the silver bullets

And I like more the explanation of the silver bullets

Me too The werewolf apocalypse is scary stuff!

Precious metals will be the only thing to really retain value actually. Sure, there will be more practical application for say copper and steel then silver and gold-- but long before money was ever created; it was precious metals that were the first currencies (after trade goods). Ultimately money is just a social contract. If I were to open a business and you came in with USD, I could easily say NOPE, I don't accept USD. And even if you're holding a Benjamin, which is accepted as $100 in most places, it would just be a piece of printed paper to me. Precious metals on the other hand will always be a precious metal, regardless of what the market says (the value of course can change with supply and demand... like any other trade good).

 

Also, silver and gold, in different forms, have more use then just currency-- but to "cure" certain ailments (that's of course a more specialized type though).

Well, I have been investing in silver for some time now. It actually went up over $21 a TO a few days ago.

 

The usual guy I go to is all out. After over spot costs, I pay about $25 an oz. After I hit certain milestones, I sell all loose oz bars and purchase a 10 oz or larger. You usually save a few bucks when the ingot is heavier. I tried this with gold and spent more money seeing less return playing the market.

 

The oz bars I buy are to keep on hand. I also have some bullion in a NY brokerage bank where I can buy and sell in real time. Pretty fun.

And yes, gold is way too much money for the casual investor. Palladium would be the next step above silver.

guys, please.... will move this to a separate topic.... lets not fill topics with unrelated banter.

 

if you want a good source for silver bars at a $1 over spot, let me know.

Demand for Gold becomes elastic at its current price point. A HUGE component of gold demand is in Asia (largely India) for jewelry. Once it hits certain levels, people can go without their chains. The talk of hyperinflation and a doomsday economic scenario are short sighted, and does nothing but make the more level-headed investors money off others fear and naivete.

Demand for Gold becomes elastic at its current price point. A HUGE component of gold demand is in Asia (largely India) for jewelry. Once it hits certain levels, people can go without their chains. The talk of hyperinflation and a doomsday economic scenario are short sighted, and does nothing but make the more level-headed investors money off others fear and naivete.

 

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