Posted on 08/05/2015 3:47:11 PM PDT by Kartographer
Sending this to all you preppers':
First I got a FReep Mail today tell me that a fellow prepper went to the bank today to get some cash to have on hand mostly one's and quaters (This I recommend) the small the denomnations you us the less like someone is to rob you. It took the bank a good while to gather up the ones that they wanted, it turns out the banks are keeping only limited amounts of cash on hand.
The second Freep mail I go was asking about buying and keeping silver on hand for SHTF. I have only small experence with metals (Other that lead and brass)so I am puting their questions out to you.
Many preppers are buying silver and the price is now affordable for me-would you post my question to the group?
What are the best kinds to get?
I was thinking of mixing it up with a combination of 1oz bars & junk silver, but I’m not sure if this is the right thing to do.
Funny thing I have used my prepper funds to buy thing to keep me and mine alive. I do have some trade goods, but very little in metals, but to show just how FReepers are equal opertunity 'bitchers' I have got a number of down right nasty post and Freep mail some accusing of being a Gold bug metals troll and I've gotten e-mails from gold bugs because I push preps over metal! Go figure!!
Or one order of chicken nuggets if you are out of sauce!
Silver should be had for small purchases. “Junk” silver in the form of pre-1965 Dimes and Quarters will become very valuable. To put your mind around it, a silver Dime might buy a full meal for two or even four. A Quarter might buy a piece of clothing. An ounce of silver used to be a day’s wages. It might become that again once things settle down.
A full silver ounce bar is just worth 10 Dimes (which are 1/10th ounce), so it is like having a big bill. However, people may not trust that bar, so a Silver Dollar (US Silver Eagle) would be advisable. They cost $1-$3 more than junk silver per ounce but they are a larger storage of wealth. A good idea to have some and not silver bars, which usually have a stamp of authenticity but people may not trust them because they don’t know those stamps. I don’t know them, and few people do.
So, yes, pre-1965 Dimes and Quarters and Silver Eagles from any year are advisable.
“You can’t eat a silver dime or a gold ingot.”
People say that but I disagree. Payments to doctors and dentists may need to be in the form of silver or gold. I know a doctor who said he had enough chickens during the Great Depression and had to stop taking them.
Lol!
You think you’re gonna hold off roving hoards of sociopaths who now shoot you for looking at them..... when the ebt cards don’t work, the water runs out, the food runs out, the looted electronics don’t even work anymore
For a month, 3 months, 6 months?
I don’t think everyone who posts here has acreage off the grid
“Gee General Custer, I’m sure glad we have lots of ammo!”
“I am so screwed.”
Maybe but that’ll cost you some silver or gold!
Might just cost a chicken or a pack or two of McNugget sauce!!
“All money is imaginary. As soon as people lose the faith in the currency it is worthless.”
No, it isn’t. To all who read this: Never limit yourself by leaving out ways to help you survive.
You need trade goods but you also need money because money has always been the exchange way to get what you need. If power goes out for a few months, the person with change and dollar bills can buy in a store when a person with a credit card can’t. Cash will rule.
When Hurricane Ike came through here, there was no power for five days and NO STORES WERE OPEN, EXCEPT for a SHIPLEY’S DONUT SHOP. They had candles in the store and they cook with gas so they had food for sale. Their parking lot was full of cars and people bought hot dog thingies and pastry goods WITH CASH - ONLY CASH as power was out so no credit card worked.
Never limit yourself - use every means available to you now as you prepare, so you have as many options as possible to live through a tough time.
I say hoard hand tools, cutting tools, sharpening tools.
For Laz’s type of “entertainment”, half a chicken might do! silverleaf might want to go with metals!
Chase says you can’t store cash or bullion coins (only collectibles) in your safe deposit box. WTF?
There are some good (and humorous) comments here....but we MUST remember to look to God first. Most have made some reasonable preparations but our MAIN trust should be on God first and then what He leads us to do.
Even those of us who prepare can forget that at times. ;-/
AND...it was our lack of trust and dependence on God and His ways that got us all into this mess in the first place.
Thank you very much!
Don’t forget the Chicken Ranch.
Our regular money: Is needed in change and small bills for emergency when power is out.
Silver junk coins, all silver coins, gold coins: This is for preserving wealth to have wealth after a long emergency is over. In a severe emergency, it may be good to have for certain purposes. Someone said use silver/gold coins to pay for medical services, however, if the emergency is that bad, and we know only 3% of the population has three days of food in their house, that doctor will likely want food instead of money. But, we don't know, so have silver and gold coins as another choice for surviving.
Do not buy silver bars or gold bars. You can't sell them until they are assayed again to make sure the bars haven't been shaved down or otherwise altered. You will be stuck with bars you can't sell.
Holding physical gold will store your wealth and keep it from getting a “haircut” as Greece has had, and will see again.
For day to day purchases (other than doctors), silver or barter is preferred, IMHO.
I have traded silver in the past and will only take junk silver or Silver Eagles (preferred). Way too many Chinese fake items to consider no-name PMs .
If you think you may have to flee, gold is the easiest to carry, but if you have a fixed position, there are other great trade/currency type items.
Lead WILL become the new small change. 1 pound ingot molds are common, and the silver dollar shaped bottom of an aluminum pop can casts 1.3 pound pieces. A thousand pounds of lead takes up little space, needs little in the way of storage, and can be had now for around 700 bucks or less. Will triple or more in value quickly should it be needed.
Liquor has an unlimited shelf life, and has long been used for trade.
Bleach will be the new gold, but it is shelf life limited, somewhat.
The major net and cellphone disruptions yesterday rattled me a bit. Topped off the gas tanks today, may do more before the weekend.
I've had my bank account for over 30 years and anytime I deposit or withdraw anything over a few hundred, I get the once over from some exec. in the back room. What's up with that?
Even a tiny amount of gold is worth too much to buy and/or trade for food and other essentials.
I suggest silver, such as silver “rounds”, as a potential store of value or future “money”.
HOWEVER, in a true breakdown, barter items may be king at least for a while. Toilet paper, disposable lighters, batteries, etc.
The problem with bars is that most people don’t trust their silver content.
Old US silver coins (junk silver) on the other hand, are well trusted.
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