Junk Silver vs Bullion

[pahs1994]

I try to stick with Ben Franklin Halves. that way you don't have to check dates for silver purity. If you see Ben you know you have 90%
Also, i am sure this link has been passed around this site thousands of times, but it is always a useful tool to point out to people. The lower half of the page is the Silver calculator for US coins http://www.coinflation.com/

 

[cubical]

Buy gold as well. With gold you have a powerful ally in the central banks.

You won't be "bartering" with gold and the whole bartering thing I think is WAY overblown. Unless you anticipate some mad max type of event, the most extreme type of situation we will face will result in gold and/or silver being recognized as money again. When this happens you will be using your gold to buy a house or a car, not food.

 

[PaulStandsTall]

You shouldn't be thinking about it as an investment, because it's not. Buying commodities in the hopes that the price goes higher isn't investing. It's speculating. If you really feel strongly about everything you said, than that's a good reason to make a bet (10% of your portfolio) in gold and silver, or to buy some as a hedge. It's not a good reason to convert all of your assets to silver coins.

Yes, it is more accurately described as speculation. However as many speculators know, that's where the biggest gains exist.

I don't think anyone here is actually selling their house to buy silver. Even if they are, it would more unorthodox than risky seeing as silver is below it's nominal high of many years ago, and a recent high. I'm not saying it's not risky. I'm saying it's more unorthodox than risky.

Everything is risky.

 

[cubical]

Yes, it is more accurately described as speculation. However as many speculators know, that's where the biggest gains exist.

I don't think anyone here is actually selling their house to buy silver. Even if they are, it would more unorthodox than risky seeing as silver is below it's nominal high of many years ago, and a recent high. I'm not saying it's not risky. I'm saying it's more unorthodox than risky.

Everything is risky.

Show me an investment right now that is not speculative. Maybe buying a farm just for yourself?

Holding cash might be the most speculative of them all.

 

[oyarde]

I agree with Cubical about holding cash. I have instead , tried to hold some cash (little), land , timber and tillable ,some copper , some silver , some gold, some stock , food , ammo , firearms , and have done this for years . In the end , everything is speculative , only thing I can count on going up ? , that, would be my property tax.

 

[PaulStandsTall]

Show me an investment right now that is not speculative. Maybe buying a farm just for yourself?

Holding cash might be the most speculative of them all.

I was more clarifying the terms for sake of discussion. I agree with you that there is very little investing one can do in this political/financial climate seeing as some people are outright robbed of their funds ala MF Global. Return of the principal on a government bond is also never guaranteed like it seemed to be in times gone by.

Considering the endless deflation/hyperinflation debate, I agree with your last statement. However if that becomes the general consensus, we have a partial victory on our hands in that American cash is no longer seen as a store of value, rather a potential liability.

 

[acptulsa]

I try to stick with Ben Franklin Halves. that way you don't have to check dates for silver purity. If you see Ben you know you have 90%
Also, i am sure this link has been passed around this site thousands of times, but it is always a useful tool to point out to people. The lower half of the page is the Silver calculator for US coins http://www.coinflation.com/

Ben's ugly.

<--She, on the other hand, also appears only in 90% silver. And she's quite a looker.

 

[mortepa]

Ben's ugly.

<--She, on the other hand, also appears only in 90% silver. And she's quite a looker.

The latest version of the Mexican Libertad's have the hottest of the bullion hotties.