sheskunk
Well-Known Member
Dude, just stahp.
Bad week for Americans
- Thread starter NoDrama
- Start date
Dude, just stahp.
Executive orders don't even pertain to Citizens anyway, but in that case FDR was using the trading with the enemy act to give his exec order teeth, and is precisely why he couldn't make it illegal, because executive orders are not laws. Presidents cannot make certain things illegal on their own, they need Congress to do that, they are just the executive, not the legislative.
Wish I had a pound. Not too far behind. I got almost half. I have over 500 oz silver too.
With the million people that live around knoxville probably 250k have more money than me. Idk for sure.
But if the dollar collapsed I'd probably be in the top 200 wealthiest people in the area.
You and I, sir, will be the nobility in the new post dollar world when it comes.
Harrekin
Well-Known Member
You buy any fractional coins or bars?
If you're planning for financial meltdown your best bet is smaller denominations for it's usability.
A goods delivery bar isn't much use for buying bread.
I have a few 20 gram gold bars. The rest is old 10 and 20 dollar US coin.
With silver it is all coin.
I also have the ability to melt my gold and pour it in long thin strips that can be snipped to whatever size I need.
Daily consumption needs is one reason why I stopped buying gold. Because you're right, if I need to buy a meal gold is too valuable.
If i need transport for me and my family gold is a good thing. The reason I have the strip making ability is so it can be sewn into clothing for hiding it.
Harrekin
Well-Known Member
When you melt it down it's loses 90% of it's value because it hasn't got a mark from a reputable mint.
You can melt and pour silver all you want, but melting down gold is just crazy.
I've bought lots of 1/10oz Eagles and Phillys, premium is a bit higher than oz+ sized coins/bars but your dealer should do a deal if you buy a number of them together.
Gold is nice and all, but silver is where it'll be due to it's industrial applications.
IMO, the gold:silver ratio has been skewed towards gold for way too long.
NLXSK1
Well-Known Member
Gold has value if society is still holding together. In a temporary breach of that your gold wont do you much good without a stockpile of water, food, supplies, etc.
You can wipe your ass with it but it isnt as good as toilet paper.
I would only melt it down if I had to travel with it all, for security purposes.
If civilization and law and order breaks down and you had to relocate 550 miles to warmer weather or a boat off the continent you're likely to get robbed.
I agree with you on silver. It's so much more fungible.
90% of my investment purpose is to be in something outside of currency.
The other 10% is post apocalyptic anarchy.
NLXSK1
Well-Known Member
If you have silver and I have food and there is no sure way to know when I will have food again then that silver better be shaped like bullets or it isnt going to get you anywhere.
Rob Roy
Well-Known Member
Thank you.
You scared of wearwolves?
There will be plenty of people with plenty of things for trade.
Silver will be a common mefium of exchange. Sure beats bartering.
Bartering is inneficient. People don't always have what you want. An exchange medium is valued by all. Bullets may be one also. Bit they come in different sizes.
Silver in gold will trade.
Silky Shagsalot
Well-Known Member
yes, but you can't eat it! food etc. will be the currency worth having. what do you think folks will be trying to trade those heavy metals for??? or maybe fuel...
My guess is that in a global financial melt down, lead will be much more a deal maker than any amount of more "noble metals".
Just pay the assaying fee, about $100 for a LBMA bar. Then you will get full value. Its what I do with old rings that the wife doesn't want anymore. We pay $6 for each ring to be assayed and they send us back the stones and then pay the gold value at whatever spot is.
I have to disagree, in a global financial meltdown, gold will be king. I think what you are talking about is a SHTF scenario, in which lead (in the form of rifle/pistol cartridges) will be the difference between staying alive and being eaten alive. Apocalypse shit. In a financial meltdown money is lost by the many and gained by the few, it still has value because manufacturers still need to sell wares, buy stocks etc etc. families still need to buy food, pay bills etc etc. and gold becomes so much more valuable because it has no third party risk involved, i.e it doesn't depend on a country's current account balance to have value. In the absence of legal tender laws gold and silver are the primary money because they are universally recognized as having value, you can trade gold/silver for things in any part of the world and no one needs to check the currency rates to figure out a deal or hedge that risk. Also most countries have an implied "backing" of their currency with gold, through central bank gold reserves.
Damnit.Twas meant tongue in cheek.
Wish I could find that darn *Sarc* button.
Americans have bastardized the "sarcasm" word because "facetious" is too hard to spell.
Harrekin
Well-Known Member
*BastardisedDamnit.
Americans have bastardized the "sarcasm" word because "facetious" is too hard to spell.
See the irony there?