Posted on 08/27/2012 8:36:40 PM PDT by GlockThe Vote
I have been accumulating silver Eagles , maples, Austrian phils, and pandas.
Can anyone give me a good idea or reason why Gold is better than silver for the average Joe investor in physical bullion?
From what I can gather Silver overall is a better avenue for most of us.
Ill make this quick and simple..
>>as of today...There are more physical ounces of mined gold in existence then there is of silver!!!
Do your own DD!
or...put another way...if the Lone Ranger was around today...He'd practice with gold bullets and save his silver ones for the “silver screen”...
All original pictures compliments of...lol...U guessed it...Eastman kodak and all other silver “CONSUMERS!”
Both are good. Silver is easier to use though for smaller items.
oh it has!..Sell me yours at spot tomorrow!...I'll pay “cash”.....Hurry cause its going to zero!
(lol...You decide which will go to zero quicker...*W*)
Whats yourscreen name again?......I missed it in my haste to post
Excuse me Sir..but could I get change for $166.60...Ill take that coffee to go...
Well said!...your Granny left u an “Insurance policy!”...let the premium build!
Bookmark for later.
In my opinion silver is a far better medium of exchange than gold is.
Thank you for all the help!
Gold has its obvious advantage in being able to carry it on you, if you need to. For example, once ounce of gold can buy enough food to feed a person for about one year (although you’d have to cook a lot...2 ounces gets you to what an average person spends per year).
But when Doomsday hits, and the dollar is worth nothing (some time in Obama’s second term), you want to have silver as a day-to-day currency (ideally old coins). You can use it much more discretely than gold, which you’d have to flake off and hope the buyer has a way to verify it. But then, when you’re out of silver, you sell a K’rand and buy a bunch more silver coins with it, and start again.
So think gold>short term, silver>long-term.
Despite what anyone tells you, gold and silver will still have value when/if the SHTF. I think some physical gold would be useful but scrap US silver coins would be best for most common purchases or barter deals. Silver eagles would be fine as well but people know and recognize dimes and quarters.
A great barter commodity as well is sealed half-pints of whiskey and vodka. Again, if the SHTF liquor will be in very short supply and great demand. Moonshine might be okay for some but a half-pint with a genuine tax seal on it will be much more readily accepted, IMHO.
Silver mainly because gold is somewhere near the peak (though people have been saying that for years). So probably a 80:20 split between silver and gold respectively.
Ping
I’ve been stockpiling toilet paper, to swap for gold and silver when the time comes.
It’s about $1670 per ounce. 8-28-12
Exactly what you said.
Lead is far cheaper than gold or silver.
Buy a box of 5,000 rounds of .22 and a cheap rifle to use it and you are set for under $300
If TSHTF you will not regret this one iota.
http://www.providentmetals.com/bullion/wholesale-gold-silver-bullion-deals.html
Are any of these good deals ?
Goldbug Ping.
Got plenty of that.
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