I always laugh when I hear gold commercials now.
Silver is a better bet. It’s not that expensive and if you’re a prepper it makes it much easier to deal with.
Lots of vintage silver coins available too.
I agree.
Silver if you are going to use the coins as barter or prepper currency. Need to have a mix of junk silver coins and silver bars. That would also indicate the need for a safe and not a small one. False bottom to a gun safe works as well.
Gold (physical gold) if you are looking to protect large quantities of currency, i.e. not really used for barter. This is mostly for protecting long term finances. Bars work better than coins in my opinion. This should be in a real safe. Don’t skimp and don’t try to hide. If you can think of a hideaway, so can the thief.
** when buying gold or silver, buy anonymously! Use cash or a prepaid card that you paid cash for. Do not use a bank account, bank card, etc. Cash at pawn shops or gun shows works really well. Get a spot price from the Internet so you know how much above the current spot price the seller is asking for **
Gold (paper / certificates / account) if you are using it as a trading medium. Don’t expect this form to be available if the economy collapses. Also, if you store your physical gold in a bank, expect the feds to seize the gold during the collapse. This form is also HIGHLY traceable for taxes and ownership.
Over the past two years, I've been striving to get through the hype and figure out the whole thing about metals. I agree with you about silver. I'm speaking as a person with limited assets. I have to be concerned with how do I get the correct value when it's cashed in.
Here's where I'm at FWIW. With gold, there's the issue of purity. That's both in not getting ripped off when purchasing it and the ability to get full value in crisis times. It's also less sturdy.
As far as someone keeping the gold in safe keeping for you? Forget it. We'd NEVER see it in a crisis situation.
Silver eagles and 90% silver US coins have an easily understandable value. I can look at Coinflation or a similar site and know exactly what the coins are worth. It's easily verifiable because the coins are a known commodity. In an emmergency, I would know exactly how much a roll of 90% silver quarters, for instance, is worth. In addition to all of that, silver is seriously underpriced in terms of its real value in terms of use.
I'm self-educated about this, a lot of my info coming from Freepers who know a lot more about it than I do. Please, anyone who has input, correct me where my thought process is in error.
I agree. Also purchased fractional gold in various coin and ingots. Cheap enough and feels really good to hold silver, gold and plutonium.
It may end up being a stupid idea, but if not....well shucks.