Gold & Silver Forum

Gold & Silver Forum (http://goldismoney.info/forums/index.php)
-   Survival Prep (http://goldismoney.info/forums/forumdisplay.php?f=141)
-   -   Silver or Gold bullion for survival preps? (http://goldismoney.info/forums/showthread.php?t=181111)

Ridge Runner 09-24-2007 09:57 PM

Silver or Gold bullion for survival preps?
 
Should I buy a few gold bullion coins or a lot of silver bullion coins for survival preps?

Any articles written about this? What are your opinions?

melbo 09-24-2007 10:21 PM

Re: Silver or Gold bullion for survival preps?
 
Depends on your perceived needs for Survival PMs.
If you think you may be able to barter with it, Silver may be a better choice. If you are just looking to preserve your wealth for a brighter day after things start to return to a more normal status, Gold works well for its size.

I'd recommend both.
I think Franklin Sanders has a pretty good article on this...

Yep, here it is.

http://the-moneychanger.com/commandments.phtml



money matters 09-24-2007 10:32 PM

Re: Silver or Gold bullion for survival preps?
 
1/10th or 1/4 oz gold eagles pack a lot of buying power into a small space. Maybe consider a money belt or a garment concealment place.

Canada Silver Maples are .9999 pure and can be used to make colloidal silver, you can split one with a knife edge. 90% US silver coins are durable, cheap and recognizable.

Silver is a decent play to improve its ratio to gold right now. Maybe go with silver eagles and a few maple leaves, then plan to trade into gold as the spread declines. See what you pay the least amount of premium for on buy-in, and what your dealer will credit you for on a trade situation, buy accordingly. 40% silver, Kennedy halves, are always one of the safest buys because of their higher intrinsic value compared to 90% coins.

Ridge Runner 09-25-2007 07:17 PM

Re: Silver or Gold bullion for survival preps?
 
Where would you recommend buying PM's in the quantities you list?

The Argent Dragon 09-25-2007 08:05 PM

Re: Silver or Gold bullion for survival preps?
 
Quote:

Originally Posted by Ridge Runner (Post 751241)
Where would you recommend buying PM's in the quantities you list?

I prefer to buy from www.apmex.com for large orders........otherwise I just quietly accumulate here & there from coin shows, online deals, and local antique shops.

Gold is a bit tougher to find at a good deal locally. I agree with storing 1/10th through 1/4oz gold. There are quite a lot of European coins available too in 1/5th +/- as in the 20-francs, 20-lire, 20-corona, etc.

Generally those 1/5th oz coins are 0.1867 (0.1960 for the corona).

Hope that's not too confusing.

:wink:

Infidel 09-25-2007 09:14 PM

Re: Silver or Gold bullion for survival preps?
 
Quote:

Originally Posted by melbo (Post 750085)

I'd recommend both.
I think Franklin Sanders has a pretty good article on this...

Yep, here it is.

http://the-moneychanger.com/commandments.phtml

Quote:

Originally Posted by The Money Changer

For $25,000 buy 3 bags of US 90% silver coin, $2,000 worth of Sovereigns, French 20 Francs, or 1/4 oz. American Eagles, and the balance in one oz. Krugerrands, Austrian 100 Coronas, Mexican 50 Pesos, or American Eagles.

Telling, is isn't it?

KASHMAN02 09-25-2007 09:27 PM

Re: Silver or Gold bullion for survival preps?
 
Quote:

Originally Posted by Ridge Runner (Post 750067)
Should I buy a few gold bullion coins or a lot of silver bullion coins for survival preps?

Any articles written about this? What are your opinions?

You should first have the means to protect your preps, guns and ammo, then food, pms after.

Ridge Runner 09-25-2007 10:26 PM

Re: Silver or Gold bullion for survival preps?
 
Quote:

Originally Posted by KASHMAN02 (Post 751381)
You should first have the means to protect your preps, guns and ammo, then food, pms after.


Big Game rifles...check
Small Game rifles....check
Self defense rifles....check
Hunting shotguns....check
Self defense shotguns....check
Self defense handguns....check
Hunting handguns.....check

15,000 rounds of various ammo....check

Food for 2 months...check

Years worth of savings......check

Well balanced retirement fund.......check

No debt (except for mortgage $500 month).......check

Personal documents in order....check

Adequate life insurance...check

Frugal wife........BIG CHECK


I am truly blessed, but I am not ready to lean back and take it easy yet. PM's are what I am lacking.

Argentsum 09-25-2007 11:31 PM

Re: Silver or Gold bullion for survival preps?
 
Will you bury or will you carry?


All times are GMT -4. The time now is 10:14 AM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Copyright = None use it and Link to GIM