How much silver would make you feel comfy about a dollar crash?

[robskicks]

How many ounces of silver do you need to feel safe?

 

[Ronin Truth]

Much more than you have access to.

 

[oyarde]

Old school investment advisers usually suggested around 10 to twenty percent in gold etc. Of course , they were thinking stock crash , not a currency problem. I would not be comfortable without 50 percent or more in land,silver,gold,copper,lead,tools,equipment etc. So , if I was a young guy with 20 to 40K in the bank in a savings , IRA , 401K Etc , I would want the same in hard money after I had a pc of property, water and the means to defend it .

 

[robskicks]

Much more than you have access to.

What?

 

[robskicks]

Old school investment advisers usually suggested around 10 to twenty percent in gold etc. Of course , they were thinking stock crash , not a currency problem. I would not be comfortable without 50 percent or more in land,silver,gold,copper,lead,tools,equipment etc. So , if I was a young guy with 20 to 40K in the bank in a savings , IRA , 401K Etc , I would want the same in hard money after I had a pc of property, water and the means to defend it .

Wasn't asking about percents but specifically ounces you hold in your possession.

 

[Zippyjuan]

Let's see. How long do you expect dollars to be worthless and you have to live on silver? Let's use one year and if you think you will need to live longer, multiply it.

To replace the median income (before taxes) of $52,000 and at a price of $14 an ounce currently, you should have 3,714 ounces or 255 pounds.

 

[devil21]

Let's see. How long do you expect dollars to be worthless and you have to live on silver? Let's use one year and if you think you will need to live longer, multiply it.

To replace the median income (before taxes) of $52,000 and at a price of $14 an ounce currently, you should have 3,714 ounces or 255 pounds.

Zippy Translator: Don't buy physical silver. Stay a slave to imaginary wealth. "Chosen" bankers want you to hold garbage while they horde the real money.

 

[cjm]

The correct answer is "zero." There is no amount of silver, or food or lead for that matter, that would make me feel "comfy" about a dollar collapse. Don't kid yourselves folks, it will be very messy.

 

[oyarde]

Let's see. How long do you expect dollars to be worthless and you have to live on silver? Let's use one year and if you think you will need to live longer, multiply it.

To replace the median income (before taxes) of $52,000 and at a price of $14 an ounce currently, you should have 3,714 ounces or 255 pounds.

Not really Zip , you only have to replace anything you actually have to buy.

 

[Dr. Dog]

I have about 2000 ounces of silver tucked away in my bedroom. Got another 6000 or so stashed away around my property.

 

[Bossobass]

In January of 1919, one ounce of silver was worth approximately 12 Deutsche Marks. By the end of 1923, one ounce of silver was worth 543,750,000,000 Deutsche marks.

 

[cubical]

Silver doesn't make me feel any more comfy than does copper, lead or zinc.

Gold on the other hand....

 

[NoOneButPaul]

Youd be better off hoarding nickels honestly. If you sit down and think about it you'll realize i'm right...

1) No physical premium
2) More recognizable than Gold or Silver in a meltdown scenario
3) Melt value is 50% of Face
4) Can always be turned back into paper at a bank with no issue
5) Less likely to be confiscated like Gold or Silver

I own a lot of gold and silver and years of being a stacker allowed me to realize I should have gone heavier on the nickels. Gold and silver will not make you rich and in the event the dollar completely crashes food will be more valuable and in the event all the metals rise up (Say Gold to 10k Silver to $500) it's very reasonable to suspect a Nickel might be worth a dollar or two. No bad for something you don't have to pay a premium on.

 

[Ronin Truth]

I SWAG ~$100K per year, for life, ought to pretty well cover it.

 

[robskicks]

Youd be better off hoarding nickels honestly. If you sit down and think about it you'll realize i'm right...

1) No physical premium
2) More recognizable than Gold or Silver in a meltdown scenario
3) Melt value is 50% of Face
4) Can always be turned back into paper at a bank with no issue
5) Less likely to be confiscated like Gold or Silver

I own a lot of gold and silver and years of being a stacker allowed me to realize I should have gone heavier on the nickels. Gold and silver will not make you rich and in the event the dollar completely crashes food will be more valuable and in the event all the metals rise up (Say Gold to 10k Silver to $500) it's very reasonable to suspect a Nickel might be worth a dollar or two. No bad for something you don't have to pay a premium on.

Good point where do you buy nickels from?

 

[Dr.3D]

Good point where do you buy nickels from?

I believe you can still get them at banks for $2.00 a roll.

 

[presence]

If you think any amount of fiat, metals, bitcoin, stocks, bonds, etc. will protect you from a economic turmoil you're doing it wrong; at any point any one of them can go absolutely bust; silver included.

A few "buy and holds" might be lucky and happen to pick which one wins... but its much wiser to play the charts; ride the bulls and dump the bears as they come. Keep yourself always in the rising ratio... it doesn't matter what it is. If dollars are bulling silver I don't give a shit how comfy silver might feel, you gtfo and move to fiat. If silver is bulling bitcoin... I don't care how cool bitcoin is, you move to metal.

Stay on the bull train. That's my advice.

 

[Zippyjuan]

Youd be better off hoarding nickels honestly. If you sit down and think about it you'll realize i'm right...

1) No physical premium
2) More recognizable than Gold or Silver in a meltdown scenario
3) Melt value is 50% of Face
4) Can always be turned back into paper at a bank with no issue
5) Less likely to be confiscated like Gold or Silver

I own a lot of gold and silver and years of being a stacker allowed me to realize I should have gone heavier on the nickels. Gold and silver will not make you rich and in the event the dollar completely crashes food will be more valuable and in the event all the metals rise up (Say Gold to 10k Silver to $500) it's very reasonable to suspect a Nickel might be worth a dollar or two. No bad for something you don't have to pay a premium on.

Illegal to melt coins.

$10,000 in nickels would be 200,000 of them. At five grams each, that is one million grams, 35,000 ounces (32,000 troy ounces), or 2,200 pounds (just over a ton). If median income is $50k and you got paid in nickels that would be eleven tons (one million coins).

 

[RJB]

Youd be better off hoarding nickels honestly. If you sit down and think about it you'll realize i'm right...

1) No physical premium
2) More recognizable than Gold or Silver in a meltdown scenario
3) Melt value is 50% of Face
4) Can always be turned back into paper at a bank with no issue
5) Less likely to be confiscated like Gold or Silver

I own a lot of gold and silver and years of being a stacker allowed me to realize I should have gone heavier on the nickels. Gold and silver will not make you rich and in the event the dollar completely crashes food will be more valuable and in the event all the metals rise up (Say Gold to 10k Silver to $500) it's very reasonable to suspect a Nickel might be worth a dollar or two. No bad for something you don't have to pay a premium on.

I like nickels and pre '82 copper pennies. Yeah it's bulky, but someone can run off with silver or gold. I won't mess with someone big enough to run off with a ton of nickel or copper.

 

[Dr.3D]

Illegal to melt coins.

In the event of a crash of the dollar, I doubt government will be able to afford to prosecute those who do.