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Legit Silver/Gold question...

 
CPT Fugazi
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User ID: 1331355
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04/08/2011 08:42 PM
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Legit Silver/Gold question...
OK... so let's pretend TEOTWAWKI happens. Let's pretend it ends up looking like the landscape from the movie the Postman as far as people living in fortified small towns all over the place. Let's pretend that the Army of 8 or whatever it was called doesn't exist. ANYWAY...

I have the following questions that I can't find a very good answer for:

1. How would you know what its value is? There wouldn't be a market price to check.

2. Why would anyone care about it? It isn't very practical to own. It would serve no purpose in that kind of society.

3. Wouldn't it be best to cash out of it while the price is high?
Anonymous Coward
User ID: 989297
United States
04/08/2011 08:46 PM
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Re: Legit Silver/Gold question...
1) the value is what another human will trade to you for your metal. That's all that matters. If I'll trade you enough food for you to live on for 3 days, and you agree; that's its value. Nothing more, nothing less.

2) Immediately after an event, I don't know that many people would care about it.

3) Cash it out for what? US Dollars? Why would people want dollars or Yen or Pesos in the scene you present? At least a gold coin wouldn't fall apart or get moldy like a dollar bill.
Anonymous Coward
User ID: 1132105
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04/08/2011 08:47 PM
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Re: Legit Silver/Gold question...
OK... so let's pretend TEOTWAWKI happens. Let's pretend it ends up looking like the landscape from the movie the Postman as far as people living in fortified small towns all over the place. Let's pretend that the Army of 8 or whatever it was called doesn't exist. ANYWAY...

I have the following questions that I can't find a very good answer for:

1. How would you know what its value is? There wouldn't be a market price to check.

2. Why would anyone care about it? It isn't very practical to own. It would serve no purpose in that kind of society.

3. Wouldn't it be best to cash out of it while the price is high?
 Quoting: CPT Fugazi


1. The value would be what you can exchange that oz will exchange for... ie 500 ounces for 40 acres and a farmhouse..

2. People will care about it because it will become the medium of exchange for goods and services... When the dollar is worthless people will trade in gold but primarily silver..

3. What is high? 500? 1000? at some point it will be irrelevent how high silver goes in dollar terms...
CPT Fugazi (OP)

User ID: 1331355
United States
04/08/2011 08:48 PM
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Re: Legit Silver/Gold question...
1) the value is what another human will trade to you for your metal. That's all that matters. If I'll trade you enough food for you to live on for 3 days, and you agree; that's its value. Nothing more, nothing less.

2) Immediately after an event, I don't know that many people would care about it.

3) Cash it out for what? US Dollars? Why would people want dollars or Yen or Pesos in the scene you present? At least a gold coin wouldn't fall apart or get moldy like a dollar bill.
 Quoting: Anonymous Coward 989297


Well on point #3 I was thinking cash it out and buy something a bit more useful/barterable (food, ammo, fuel, etc)
Anonymous Coward
User ID: 1215673
United States
04/08/2011 08:51 PM
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Re: Legit Silver/Gold question...
OK... so let's pretend TEOTWAWKI happens. Let's pretend it ends up looking like the landscape from the movie the Postman as far as people living in fortified small towns all over the place. Let's pretend that the Army of 8 or whatever it was called doesn't exist. ANYWAY...

I have the following questions that I can't find a very good answer for:

1. How would you know what its value is? There wouldn't be a market price to check.

2. Why would anyone care about it? It isn't very practical to own. It would serve no purpose in that kind of society.

3. Wouldn't it be best to cash out of it while the price is high?
 Quoting: CPT Fugazi


For the record I am currently holding "some" silver.

1. A good or service is only worth what someone will provide in return.

2. Depends on what you do with said cash after you sell, and whether or not your new investment outpaces value of silver/gold.

3. Ask yourself whether the price is "high" or "low".

Nobody knows where gold and silver are heading, and if they tell you otherwise they are lying or retarded. No one cares about your security more than you so when it comes to issues like these it is imperative that you do your own research and not trust anyone else's advice.
CPT Fugazi (OP)

User ID: 1331355
United States
04/08/2011 08:53 PM
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Re: Legit Silver/Gold question...
OK... so let's pretend TEOTWAWKI happens. Let's pretend it ends up looking like the landscape from the movie the Postman as far as people living in fortified small towns all over the place. Let's pretend that the Army of 8 or whatever it was called doesn't exist. ANYWAY...

I have the following questions that I can't find a very good answer for:

1. How would you know what its value is? There wouldn't be a market price to check.

2. Why would anyone care about it? It isn't very practical to own. It would serve no purpose in that kind of society.

3. Wouldn't it be best to cash out of it while the price is high?
 Quoting: CPT Fugazi


1. The value would be what you can exchange that oz will exchange for... ie 500 ounces for 40 acres and a farmhouse..

2. People will care about it because it will become the medium of exchange for goods and services... When the dollar is worthless people will trade in gold but primarily silver..

3. What is high? 500? 1000? at some point it will be irrelevent how high silver goes in dollar terms...
 Quoting: Anonymous Coward 1132105


On #1 it seems that most people agree that silver would be what people agreed it was worth.

#2 I think society would have to be coming out of TEOTWAWKI for people to want to use it as currency.

#3 Exactly... What is high? I just found an article that said they were amazed that silver could reach $11.00. It was from 2006. Weimar Republic inflation was ridiculous too. I guess this one would be a personal decision on the person looking to sell it.
Anonymous Coward
User ID: 1333777
United States
04/08/2011 08:54 PM
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Re: Legit Silver/Gold question...
1) the value is what another human will trade to you for your metal. That's all that matters. If I'll trade you enough food for you to live on for 3 days, and you agree; that's its value. Nothing more, nothing less.

2) Immediately after an event, I don't know that many people would care about it.

3) Cash it out for what? US Dollars? Why would people want dollars or Yen or Pesos in the scene you present? At least a gold coin wouldn't fall apart or get moldy like a dollar bill.
 Quoting: Anonymous Coward 989297


Well on point #3 I was thinking cash it out and buy something a bit more useful/barterable (food, ammo, fuel, etc)
 Quoting: CPT Fugazi


You are correct! Now is the time to acquire items of value! I would forget about ANYTHING that was electric. start with Maslows hierarchy of needs, at the base is FOOD WATER, that WILL BE the MOST important item(s). You may be getting 1oz of silver for a gal of water!
CPT Fugazi (OP)

User ID: 1331355
United States
04/08/2011 08:54 PM
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Re: Legit Silver/Gold question...
OK... so let's pretend TEOTWAWKI happens. Let's pretend it ends up looking like the landscape from the movie the Postman as far as people living in fortified small towns all over the place. Let's pretend that the Army of 8 or whatever it was called doesn't exist. ANYWAY...

I have the following questions that I can't find a very good answer for:

1. How would you know what its value is? There wouldn't be a market price to check.

2. Why would anyone care about it? It isn't very practical to own. It would serve no purpose in that kind of society.

3. Wouldn't it be best to cash out of it while the price is high?
 Quoting: CPT Fugazi


For the record I am currently holding "some" silver.

1. A good or service is only worth what someone will provide in return.

2. Depends on what you do with said cash after you sell, and whether or not your new investment outpaces value of silver/gold.

3. Ask yourself whether the price is "high" or "low".

Nobody knows where gold and silver are heading, and if they tell you otherwise they are lying or retarded. No one cares about your security more than you so when it comes to issues like these it is imperative that you do your own research and not trust anyone else's advice.
 Quoting: Anonymous Coward 1215673


I have some silver myself, but I have started to question its real value to me. I agree with all your points. I am starting to think that PM ownership is a very personal decision.
Anonymous Coward
User ID: 1132105
United States
04/08/2011 08:59 PM
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Re: Legit Silver/Gold question...
OK... so let's pretend TEOTWAWKI happens. Let's pretend it ends up looking like the landscape from the movie the Postman as far as people living in fortified small towns all over the place. Let's pretend that the Army of 8 or whatever it was called doesn't exist. ANYWAY...

I have the following questions that I can't find a very good answer for:

1. How would you know what its value is? There wouldn't be a market price to check.

2. Why would anyone care about it? It isn't very practical to own. It would serve no purpose in that kind of society.

3. Wouldn't it be best to cash out of it while the price is high?
 Quoting: CPT Fugazi


For the record I am currently holding "some" silver.

1. A good or service is only worth what someone will provide in return.

2. Depends on what you do with said cash after you sell, and whether or not your new investment outpaces value of silver/gold.

3. Ask yourself whether the price is "high" or "low".

Nobody knows where gold and silver are heading, and if they tell you otherwise they are lying or retarded. No one cares about your security more than you so when it comes to issues like these it is imperative that you do your own research and not trust anyone else's advice.
 Quoting: Anonymous Coward 1215673


I have some silver myself, but I have started to question its real value to me. I agree with all your points. I am starting to think that PM ownership is a very personal decision.
 Quoting: CPT Fugazi



In a TEOTWAWKI situation people will resort back to things of value, which are the PM's and other hard assets... Look at weimar republic, zimbabwe and argentina... Silver may be the only thing that gets you and your family through this...I guess thats how important it is to me..
Anonymous Coward
User ID: 1133686
United States
04/08/2011 09:01 PM
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Re: Legit Silver/Gold question...
best getting some old jewellery at spot price.
why pay 10 - 20% premuims on coins.
use links off a chain to pay for small items.

best way, have your own seeds, stored rice.
gold may have a value,
but people would take food/goods of the same value over gold.

im starting to wonder, if something happened whos going to want to buy some gold??
i wouldnt want to buy any thats for sure. food & supplies.
Anonymous Coward
User ID: 1132105
United States
04/08/2011 09:01 PM
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Re: Legit Silver/Gold question...
OK... so let's pretend TEOTWAWKI happens. Let's pretend it ends up looking like the landscape from the movie the Postman as far as people living in fortified small towns all over the place. Let's pretend that the Army of 8 or whatever it was called doesn't exist. ANYWAY...

I have the following questions that I can't find a very good answer for:

1. How would you know what its value is? There wouldn't be a market price to check.

2. Why would anyone care about it? It isn't very practical to own. It would serve no purpose in that kind of society.

3. Wouldn't it be best to cash out of it while the price is high?
 Quoting: CPT Fugazi


For the record I am currently holding "some" silver.

1. A good or service is only worth what someone will provide in return.

2. Depends on what you do with said cash after you sell, and whether or not your new investment outpaces value of silver/gold.

3. Ask yourself whether the price is "high" or "low".

Nobody knows where gold and silver are heading, and if they tell you otherwise they are lying or retarded. No one cares about your security more than you so when it comes to issues like these it is imperative that you do your own research and not trust anyone else's advice.
 Quoting: Anonymous Coward 1215673


I have some silver myself, but I have started to question its real value to me. I agree with all your points. I am starting to think that PM ownership is a very personal decision.
 Quoting: CPT Fugazi


Sell it.. People will be clamouring to get it...
Anonymous Coward
User ID: 1133686
United States
04/08/2011 09:05 PM
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Re: Legit Silver/Gold question...
In a TEOTWAWKI situation people will resort back to things of value, which are the PM's and other hard assets... Look at weimar republic, zimbabwe and argentina... Silver may be the only thing that gets you and your family through this...I guess thats how important it is to me..
 Quoting: Anonymous Coward 1132105


you fail to realize, those people who have the gold, spend all day to mine just gold dust.

it cost them 0.5gm gold for a loaf of bread. do you not understand?

a cheap 50 cent bakery style loaf

for $25 worth of gold... that took 5 people all day to find.

the people that sell the bread, sell the gold to rip off gold buyers,
who also pay very little, but they make huge profits.

as you would, buying PM's at 10 cents to the dollar.
Anonymous Coward
User ID: 990655
United States
04/08/2011 09:07 PM
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Re: Legit Silver/Gold question...
OK... so let's pretend TEOTWAWKI happens. Let's pretend it ends up looking like the landscape from the movie the Postman as far as people living in fortified small towns all over the place. Let's pretend that the Army of 8 or whatever it was called doesn't exist. ANYWAY...

I have the following questions that I can't find a very good answer for:

1. How would you know what its value is? There wouldn't be a market price to check.

2. Why would anyone care about it? It isn't very practical to own. It would serve no purpose in that kind of society.

3. Wouldn't it be best to cash out of it while the price is high?
 Quoting: CPT Fugazi


Those that own gold and silver also own land, food, and a means to obtain more. You have to understand that wealth comes with a new set of responsibilities. The ability to protect it.

1. In the SHTF scenario you display it would be how many ounces you own not how much they are worth in fiat currency. The world is a big place. The US may not honor it but the rest of the world does.

2. Gold and silver are obtained via labor vs a fiat currency which is printed out of thin air. What currency is more honest and lawful?

3. The fair price of silver is at leat 150/ounce based real inflation. The real price of gold is 7800 based on real inflation. The prices have been manipulated down via naked shorting.
Anonymous Coward
User ID: 990655
United States
04/08/2011 09:09 PM
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Re: Legit Silver/Gold question...
People in Zimbabwe cant eat unless they dig for gold.

Anonymous Coward
User ID: 1132105
United States
04/08/2011 09:10 PM
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Re: Legit Silver/Gold question...
In a TEOTWAWKI situation people will resort back to things of value, which are the PM's and other hard assets... Look at weimar republic, zimbabwe and argentina... Silver may be the only thing that gets you and your family through this...I guess thats how important it is to me..
 Quoting: Anonymous Coward 1132105


you fail to realize, those people who have the gold, spend all day to mine just gold dust.

it cost them 0.5gm gold for a loaf of bread. do you not understand?

a cheap 50 cent bakery style loaf

for $25 worth of gold... that took 5 people all day to find.

the people that sell the bread, sell the gold to rip off gold buyers,
who also pay very little, but they make huge profits.

as you would, buying PM's at 10 cents to the dollar.
 Quoting: Anonymous Coward 1133686


Gold and silver is the perfect hedge for inflation.. While you are holding your dollars, the rest of us are loading up on things that preserve wealth...
Punk-A$$ets

User ID: 1107017
United States
04/08/2011 09:11 PM

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Re: Legit Silver/Gold question...
I dont believe in this doom and its not why I own gold or silver. I own it to make money and for insurance. Because I dont do the stock market but I like to make good money and have toys.

Who knows what would happen in this situation.

But regarding #3 on your list, what good is cash? I mean if gold and silver are no good in this situation then surely the paper isn't either?
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.

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