Another Newbie I guess! :)
 

Hello everyone,

I have known that Junk Silver is the way to go but I have been reading some posts in here and it seems that most of the people prefer dimes and halfs. I always thought to get quarters, not sure why but, what is the advantage to dimes and halfs?

I'm also not quite clear on the law for IRS reports (ugh).

Thanks, hope I this isn't a dumb question

Louis

Re: Another Newbie I guess! :)
 

Hey buddy, welcome,,,,,,better late than never.

For "junk silver" I'll stick to my one oz round which I keep as a survivalist tool.

In a emergency situation each one of my one oz round will be worth X number of silver dimes, quarter, half dollars or dollars.

I don't know the reasons as to why you want to buy silver, is it as an investment? or for survival like me?

How large is your family? where do you live? do you intent staying in one place or to move out in an emergency? how far do you intent to travel?.

How well prepared are you now? do you have food for the whole family for at least a year? do you have water handy? do you have weapons? do you have a safe harbor to go to? do you have an easy and safe way to get there?

Someday even if you have silver it will not help you to get what you want, I for one would never sell anything that I have for silver for the simple reason that it would be hard to replace, besides, if I were to sell my bullets to someone they just might use them against me, and If I were to sell even one roll of toilet paper to someone else then I would have to use grass some day, ouchhhhh.

Sit down, write the names and ages of your inmediate family, think about making a trip to the moon for, at least, one year with no supply ship coming back and write every thing that you think you might need,,,,, set the list aside, go back to it two days later and you will add some more, do this about five time........ walk around the house with your list in your hand and look at the stuff that you use the most and add it to your list.

You must think of this process as a means to survival and not only as a hobby.,,,,,, three things that you must keep in mind starting right now and those are LOCATION, LOCATION, LOCATION. Where you will be will depend on your chances of survival.,,,,,,,,good luck.

Re: Another Newbie I guess! :)
 

Or go to one of the many survival sites and copy their lists and modify to your needs. No use re-inventing the wheel.

Re: Another Newbie I guess! :)
 

Well I guess I'm looking for servival. Protecting what I have. Well dang this is gonna be more complicated than I thought. All those supplies.... I have 5 (6 coming) people in my family. So what is the top priority? Silver or supplies?

I'm kinda working on the supplies now in a way, I've known about this stuff for awhile.... Gonna try to rent a farm, get a cow and such and dry foods and all that.... Anyone have advice as far as what kind of silver to buy in what order? So far I think it goes: 90% dimes (dunno why dimes not quarters)
Silver rounds
?????? not sure

Thanks for the help
Louis :D

Re: Another Newbie I guess! :)
 

I WoO, Silver dimes, quarters,halves, 40% silver halves, silver dollars, Silver eagles, canadian maple leaf, mexican silver pesos, unzas, libertads, canadian silver coinage, Caribbean silver coins silver rounds and bars and really any silver coin that can be easily recognized by people wanting or accepting silver for payment will be good. So with that said "variety is the spice of life". Get some of each!!!! : :albertein

Re: Another Newbie I guess! :)
 

[Well I guess I'm looking for servival. Protecting what I have. Well dang this is gonna be more complicated than I thought. All those supplies.... I have 5 (6 coming) people in my family. So what is the top priority? Silver or supplies?]


I would try to do both. Today at lunchtime, I left work and went to Costco and looked at prices of things. Here is some supplies that you can get for little money. I would also buy a few 1 oz silver rounds (at $8 each) or a roll of 90% dimes (at about $30 a roll). Better to have some than none. I'm raising a family and I understand the tight budget.

50 pound bag of rice----$8
Large jar of dry roasted peanuts ---- $4
Bag of beef jerky ---- $9
Bag of beef sticks ---- $5
Case of bottled water ---- $4.29
Case of Spam canned meat ---- $12


And don't forget a water purifier, look for the camping models $29 to $100,
Grundig shortwave radio (battery/crank power) $39, plus first aid kit.

Re: Another Newbie I guess! :)
 

Thanks Hobo,

I'm thinking a quarter bag of dimes (90%) and the rest in rounds or.... I want everyones input on this please :) (if you have time)

http://apmex.com/shop/shop_silver.asp?orderid=0#17

I definatly want to get a quarter bag (250 face) of dimes I think. Anyone know what the Cull Silver Dollars, or Miscellaneous Silver Items are? Or should I stick with the rounds for now? My mom and dad are very busy and I sort of started researching silver on my own. They told me to get together a portfolio or plan or something for about $2,000 (got a baby coming). I don't want to get pure 90% do I?

Any input is thanked

Louis

Re: Another Newbie I guess! :)
 

Diversify. Daily stuff will use 90%, but big ticket items (land, animals) will use the eagles, maple leafs, etc. With 2 grand, stick with all silver. IMHO, 60/40 90/rounds.

APMEX is fine, fixed shipping which is nice. Got my big shipment from them.

Re: Another Newbie I guess! :)
 

Well my Newbie amigo,,,,,I am single and it took me five years to be happy with what I have, you in the other hand with six and starting so late in the game is going to be pretty hard.

What kind of work do you do? are you in the city or out, how big is your land?

For water filter I made my own for $70.00 bucks, two large filters and two five gallons buckets and with that I can filter all the water in the world, it will filter up to .002 micron ( I think that's the way to say it). You can always pre filter the water using coffee filters, make it a double.

If you are getting or will get your water from a creek then get a big holding tank and make a hole about a foot from the bottom for the water going into your house, that way the mud gook or what ever will settle on the bottom, clean the tank once a year.

The price for silver dimes, quarters, half and dollars is a lot more than my one oz rounds but at the same time my one oz round is more than the 100 oz bars, it is easier to deal with the one oz round.

Getting a farm is the most inportant thing that you can do and get the cow, you will need the milk for the little ones. Don't show or tell anyone what you have and keep a low profile.

In this Micky Mouse town with over 70% of the people on welfare every one knows me so I will have a lot of fun repelling the invaders.

And don't surrender for you will be shot anyway,,,,live and learn.

Re: Another Newbie I guess! :)
 

First off I wanna say thanks :). Anthony what is IMHO? Are you using rounds in the category of "etc" after maples and eagles?

That's cool that you made a water filter! Good idea with coffee filters. I thought silver dimes were the cheapest per oz? Not rounds? I got the don't surrender part awhile ago (Police State 101) :P

Thanks guys, so stick with silver get a rent farm so I don't get stuck with a bought farm that will fall in value with the dollar. Stick with dimes for daily purchases (someone explain why people will take dimes, I didn't know that old coinage was silver and such) and rounds for bigger. So more dimes less rounds. What are the cull dollars and mixed rounds? Worth getting instead of more expensive rounds?

Thanks again,

Louis

Re: Another Newbie I guess! :)
 

IMHO stands for 'in my honest opinion.' It took me awhile to figure that out also. Culls are old damaged, scratched and nicked up coins. I know apmex sells cull morgan dollars for $6 ea. I don't know if this is a good deal or not. I doubt collectors would want them, so I guess they would be bought for their silver content with the novelty that they are morgans.

Personally, I would buy the better rounds. I think the mixed rounds might be lower content (if they are sterling silver) and if it's a name brand round, it might be better accepted if you ever sell or trade. There are ideas out there that there could be conterfitting if silver goes real high.

Re: Another Newbie I guess! :)
 

l_wo0 ,

IMO - in my opinion
IMHO - in my humble (or honest) opinion

As for the etc, libertads and rounds (name brand). The pesos have less silver but look great (at least to me!).

IMO - land does not fall in value. It is the source of pm, and the ultimate store of wealth. Renting because it will fall in value to the dollar doesn't make sense, since the dollar will eventually be worth nothing. But renting in this balloon market makes sense. Just have the pm in hand to 'buy the farm' after the fall. That is why you need rounds, eagles and mapleleafs.

God ain't makin' no more land.

Re: Another Newbie I guess! :)
 

hmmm thanks what did you mean by 60/40 90/rounds? I guess I'll be sticking to dimes and then some rounds (we are on a tight budget), buy more as we can, my brother and I may be getting jobs soon, so maybe at least I can add to the stash.

I love reading here, it's all helpful

Louis

Re: Another Newbie I guess! :)
 

40% rounds, 60% junk silver

Re: Another Newbie I guess! :)
 

I see, Yah we are planning on buying the land after the crash. Thanks for the advise I'll be submiting my plan to the parents to day I think!

Louis

Re: Another Newbie I guess! :)
 

Oh, one more question. Where would you suggest buying some name-brand (Engel or something) rounds? I'm thinking the dimes from APMEX, should I get the rounds there too?

Thanks again :)

Louis

Re: Another Newbie I guess! :)
 

If I recall rightly APMEX sells two different sorts of silver rounds.

The APMEX brand name rounds sell for about 10 cents more then the common rounds that they offer. They do, however, offer to buy their brand named rounds back at a ten cent markup so you come out even assuming you buy and sell with them exclusively.

For better liquidity you could go with the common rounds that they sell though I have no idea what condition these rounds are in.

I did purchase some brand name rounds from them and these were uncirculated.

Re: Another Newbie I guess! :)
 

I think it would be poor strategy to pay a little more for them with the intention of selling back to them later. WTSFTF like it did in 1979-1980, there will be many variables and options to selling and such a rigid plan would likely be aborted for one reason or another, if the option was still available.

Re: Another Newbie I guess! :)
 

Listen to hoarder here, IMHO.

Re: Another Newbie I guess! :)
 

Hello,

I am new here to the Forum, and a Newbie to silver and gold as well and have found the reading and insight here very valuable.
For many many years I have wanted to invest in Gold and Silver but did not have the money or the know how to start.

today I got a nice constitution ship. I love the quote,

I have been learning about world Goepolitical events for many years now and can no longer doublethink away what is happening and what will happen in the very near future. So I am letting my first silver investment be a marker in my life of the desire to be free.

I look forward to chatting with ya and learning some good stuff about gold and silver as well as sharing my insights about what I see going on.

glad to be here :wavey:

Re: Another Newbie I guess! :)
 

Welcome to GIM---- Spacecat and a nice first time purchase

Re: Another Newbie I guess! :)
 

Being a newbie myself,

I was curious as to what people thought about what is the Minimum amount of silver Bullion to posess.

Granted it is an individual decission , but what is a good amount to have to stay above ground when things get bad.

100 oz?

500oz? 1000oz?

5000oz?

how much is enough to survive what is comming?

Re: Another Newbie I guess! :)
 

Hello SpaceCat [nice name], welcome to the board.
How much is enough? We all ask the same question. IMHO, it is never enough.
Bye the way, don't advertise purchases, in case big brother is interested. :banghead:

Re: Another Newbie I guess! :)
 

:banghead: Doh,

what I ment was I got yummy jellybean :coolbeer:

but yeah, enough is never enough,

I just want to be ok and not find my self at at the end of a long line trying to buy toilet paper on tuesdays and standing on line for 5 hours for a bowl of soup.

Re: Another Newbie I guess! :)
 

Depends on your individual resources and how rich and well off you want to be in the next extreme blow off of the PM's ........period If you are like G Khan and Bunker Hunt they would like to corner the silver market and are trying now and have tried in the past respectively

Re: Another Newbie I guess! :)
 

yeah you are rite, I will just have to do the best I can with what I am able to get.

But I would like to be able to buy a house in the country to hunker down in and a decent acerage of land on which the house sits.
It is a differant way of thinking, breaking out of the fiat matrix paradime and opening to an older one of freedom and self determination.

I can't remember who said it, perhaps many people have in differant ways.

" the time to fix your roof is when it is sunny, for if you wait until it is raining it is to late and you will get drenched."

so I'v decided to take up construction and fix my roof while it is still sunny with the clouds on the horizon.

Silverstreak, your posts are great and I am learning a good deal from you and the others on this forum, thanks :smile:

Re: Another Newbie I guess! :)
 

Thanks for the compliment Spacecat and the quote I always use with people is to """"buy straw hats in January""""

Re: Another Newbie I guess! :)
 

I once saw an annoucment, writen by some thoughtful granpa.
He said: Today I bought both my grandsons a new house {kids were about 1 year old].
Today, I bought for each of them one bag of silver coins.

How thoughtul. This guy has a lifetime of experience, seen it all before and knows, what's in store for the future. He invested for the future of his granchildren. We too, can invest for the future, for ourselfs, our children or grandchildren.
:clap2:

Re: Another Newbie I guess! :)
 

Louis,

My opinion is that the main advantage of smaller units of junk silver is the issue of divisibility. Think: making change. So pre-1965 dimes and quarters will likely have great utility in your personal post-meltdown economy. I have found halves to sell at somewhat of a premium to dimes and quarters. .999 fine 1 oz. rounds also deserve your consideration for larger ticket items and for those who might (for whatever reason) not want dimes and quarters. Diversification is a good practice.

Also, to the extent that our economy still maintains functional continuity, pre-1965 silver coins will rise in premium as the supply of silver inevitably tightens, simply because they are not and cannot make any more of 'em.

If you sell it, the IRS will want to steal some of it. Barter facilitates a modicum of invisibility to parasitic thieves.

Someone asked how much silver is enough? Opinions vary widely, but I think 1000 oz. per each person you care about and wish to support is a reasonable goal. If this is too much to consider presently, that's OK. Get what you can sub-$10.00 and be sure you acquire other survival necessities as well. Clean water, shelter, fuel for heat, food and maintain your trustworthy relationships. Do not neglect your relationship to the Creator, you will need it my friend.

Your questions are not dumb at all, hope this helped.

regards, truthseeker