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they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?

 
savcash
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02/04/2019 01:08 AM

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they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
[link to www.youtube.com (secure)]



this guy says in gold at least a MINIMUM OF TEN OZ!!

and in silver, at least a MINIMUM OF 1,000 OZ!! AND HE SAYS, THAT IS THE BARE AMOUNT!!

You agree?

gold
Anonymous Coward
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02/04/2019 01:11 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
Do yourself a favor and buy a bicycle, tools and spare parts before you buy the metals.
Anonymous Coward
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02/04/2019 01:16 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
Gold. Easier to store. 100grams max in size, Reporting reasons when sold.

1gram to 100grams


Trying to store the equivalent value of silver to gold gets insane.
Anonymous Coward
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02/04/2019 01:19 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
100 grams right now is about $4400.00

If gold doubles in price like under Obama where islt was almost $2k, you will be under the $10k threshold still.
savcash  (OP)

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02/04/2019 01:19 AM

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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
Do yourself a favor and buy a bicycle, tools and spare parts before you buy the metals.
 Quoting: Anonymous Coward 10485453


or stock up for barter, booze and amo.
Would do gas, but it doesnt save easy, grin. And someone over there calculated out those amounts//

"10 ounces of gold and 1000 ounces of silver is £21,926 at the current spot price which is obviously without premiums,

silver
Anonymous Coward
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02/04/2019 01:23 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
Do yourself a favor and buy a bicycle, tools and spare parts before you buy the metals.
 Quoting: Anonymous Coward 10485453


or stock up for barter, booze and amo.
Would do gas, but it doesnt save easy, grin. And someone over there calculated out those amounts//

"10 ounces of gold and 1000 ounces of silver is £21,926 at the current spot price which is obviously without premiums,

:silver:
 Quoting: savcash


Pri G for gas
Pri D for diesel



Thats all I say. Look it up.
Anonymous Coward
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02/04/2019 01:25 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
Pay attention to what Trump is not saying. Gold is "low" right now.

$15/hr will cause inflation to go up, and gold will hedge against that.
Also, the market for stocks sucks.

Why pay $2 for one share, when you could get 2 shares for $1 like under Obammy.
Windsage

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02/04/2019 01:27 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
You can also buy rolls of US dollar coins or quarters for face value. In event of an economic SHTF, coinage is backed by the U.S. Treasury whereas paper money is backed by nothing but "market value". Hyperinflation results in it being worth the paper it's printed on. Coins are backed by full faith and credit of US govt.
savcash  (OP)

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02/04/2019 01:29 AM

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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
You can also buy rolls of US dollar coins or quarters for face value. In event of an economic SHTF, coinage is backed by the U.S. Treasury whereas paper money is backed by nothing but "market value". Hyperinflation results in it being worth the paper it's printed on. Coins are backed by full faith and credit of US govt.
 Quoting: Windsage


i had heard that..... from where?
Anonymous Coward
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02/04/2019 01:30 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
You can also buy rolls of US dollar coins or quarters for face value. In event of an economic SHTF, coinage is backed by the U.S. Treasury whereas paper money is backed by nothing but "market value". Hyperinflation results in it being worth the paper it's printed on. Coins are backed by full faith and credit of US govt.
 Quoting: Windsage


epiclol


What if there is no more .gov?
Anonymous Coward
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02/04/2019 01:30 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
You can also buy rolls of US dollar coins or quarters for face value. In event of an economic SHTF, coinage is backed by the U.S. Treasury whereas paper money is backed by nothing but "market value". Hyperinflation results in it being worth the paper it's printed on. Coins are backed by full faith and credit of US govt.
 Quoting: Windsage


i had heard that..... from where?
 Quoting: savcash


You can buy truckloads of COPPER pennies on ebay.
savcash  (OP)

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02/04/2019 01:30 AM

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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
Do yourself a favor and buy a bicycle, tools and spare parts before you buy the metals.
 Quoting: Anonymous Coward 10485453


or stock up for barter, booze and amo.
Would do gas, but it doesnt save easy, grin. And someone over there calculated out those amounts//

"10 ounces of gold and 1000 ounces of silver is £21,926 at the current spot price which is obviously without premiums,

silver
 Quoting: savcash


Pri G for gas
Pri D for diesel



Thats all I say. Look it up.
 Quoting: Anonymous Coward 69522418


can u use that..After gas has sat for a yr?
METELLYOUNOW

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02/04/2019 01:35 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
An ounce of gold will buy pretty much the same quality suit that it would have bought 100 years ago.

Gold won't matter to desperate people.

It will be useful when people are civil though.

Ammo will be most valuable
Guns
Medicine
Water
Food
.
.
.
.
.
.
.
.
Gold

That's my list anyways.
savcash  (OP)

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02/04/2019 01:38 AM

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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
good link for barter..


[link to web.archive.org (secure)]

snip//

For small and quick trades, the usual currency were cigarettes, because of the percentage of people that smoked.

Even values were expressed often like “Oh, that’s worth 10 cigarettes.” In other situations it was ammunition-bullets.

How were trade items valued? If someone wanted to make a trade, who set the terms?
Nothing was fixed.
Anonymous Coward
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02/04/2019 01:40 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
Do yourself a favor and buy a bicycle, tools and spare parts before you buy the metals.
 Quoting: Anonymous Coward 10485453


or stock up for barter, booze and amo.
Would do gas, but it doesnt save easy, grin. And someone over there calculated out those amounts//

"10 ounces of gold and 1000 ounces of silver is £21,926 at the current spot price which is obviously without premiums,

:silver:
 Quoting: savcash


Pri G for gas
Pri D for diesel



Thats all I say. Look it up.
 Quoting: Anonymous Coward 69522418


can u use that..After gas has sat for a yr?
 Quoting: savcash




If the gas doesnt contain ethanol, yes,
If it has ethanol, you add it when bought, and maintenance dose it after.
Anonymous Coward
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Australia
02/04/2019 01:58 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
In a shtf situation where you had to fill a backpack and run and there was NO going back...

If I had a stack of freeze dried food and a stack of gold bars....it would be the food that went into the pack.

Gold is only worth something IF there is a currency system and NO starvation looming.


All them fuckheads who stocked up on gold are going to starve to death....next to a pile.of gold.


Idiots.
Anonymous Coward
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02/04/2019 02:12 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
High value trade items,
booze
cigarettes
ladies,
just like it has always been.
Anonymous Coward
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Australia
02/04/2019 02:14 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
High value trade items,
booze
cigarettes
ladies,
just like it has always been.
 Quoting: Anonymous Coward 74614567


10 tobacco seeds will be worth more than 10 kilo of golf in a shtf situation.
Anonymous Coward
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02/04/2019 02:17 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
In a shtf situation where you had to fill a backpack and run and there was NO going back...

If I had a stack of freeze dried food and a stack of gold bars....it would be the food that went into the pack.

Gold is only worth something IF there is a currency system and NO starvation looming.


All them fuckheads who stocked up on gold are going to starve to death....next to a pile.of gold.


Idiots.
 Quoting: Anonymous Coward 77170597





So, Being that I have golds, you assume I have no other preps?
Idiot.
Hostess Cupcake

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02/04/2019 02:47 AM

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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
Should you have precious metals as a means for buying goods when the SHTF?

Through human history, gold and silver were valuable. They were used for getting goods in all times, including hardest times like wars and similar.

Having precious metal for SHTF is big in the prepping community but I need to point out some things.

The value of gold went down during SHTF so much that you need to think about it very hard.

For example, in normal times (I am using these numbers as an example) you could buy with one gold ring 300 small cans of meat. When SHTF you could buy 20, and you could buy 20 if you could find a man who wanted to take that ring from you.

He did not usually want to take it because he could take stuff that he could immediately use, like weapons, drugs, or medicines.

He simply could not do anything immediately useful with it.

Having precious metals is a great idea for later, when some kind of system jumps in, because they are gonna be again precious.

Right in the middle of SHTF, the value of it is poor.

That is one of the reasons why some local warlords came out as very powerful people after everything. They simply took precious metal from folks for a “can of the soup“ value (or sometimes for nothing) and they had enough power to store that metal for the time when it would be valuable again.

Do not throw everything into precious metals. Store immediately useful things.

[link to web.archive.org (secure)]

Last Edited by Hostess Cupcake on 02/04/2019 03:13 AM
"Back from the dead bitch with a swarm of locusts." ~ My Psychosis


"Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

~ US Banker's Magazine, August 25 1924
Anonymous Coward
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02/04/2019 02:52 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
Fuck silver unless you need a new tea set or silverware.

Buy gold and buy as much as you understand;)
Anonymous Coward
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02/04/2019 02:53 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
Anonymous Coward
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02/04/2019 02:54 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
Many business cycles have patterns or laws of nature, seven year cycles, 80-20 rule and sophisticated financial tacticians follow these complicated interlocking trends and future contracts. But I have one rule I follow closely -

Possession is 9 tenths of the Law. Own your own assets. Own your own home, own your own business. Own your own wide range of Gold. Buy and store your physical Gold and have complete and utter control over your Gold products.
Anonymous Coward
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02/04/2019 02:57 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
In 1997-98 gold was $480 per ounce and bread cost $1.60 or 300 loafs of bread per ounce of AU
In 2007 -08 gold was $800 per ounce and bread cost $2.50 or 320 loafs of bread per ounce of AU
In 2010 gold is $1360 per ounce and bread cost $3.50 or 388 loafs per ounce of AU



2010 AU $1350 equates to 388 loaves of Bread at $3.47 per loaf
2015 AU $2,142 equates to 388 loaves of bread at $6.25 per loaf
2020 AU $5,000 equates to 388 loaves of bread at $12.90 per loaf
2020 AU $10,000 equates to 388 loaves of bread at $25.90 per loaf
Hostess Cupcake

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02/04/2019 03:14 AM

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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
Fuck silver unless you need a new tea set or silverware.

Buy gold and buy as much as you understand;)
 Quoting: Anonymous Coward 77166178


Yes, that way I can trade you a can of SPAM for gold.
"Back from the dead bitch with a swarm of locusts." ~ My Psychosis


"Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

~ US Banker's Magazine, August 25 1924
Anonymous Coward
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02/04/2019 03:30 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
Fuck silver unless you need a new tea set or silverware.

Buy gold and buy as much as you understand;)
 Quoting: Anonymous Coward 77166178


Yes, that way I can trade you a can of SPAM for gold.
 Quoting: Hostess Cupcake



Yes, people like you should by spam and cupcakes and NOT gold..


spam
Anonymous Coward
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02/04/2019 03:33 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
Fuck silver unless you need a new tea set or silverware.

Buy gold and buy as much as you understand;)
 Quoting: Anonymous Coward 77166178


Yes, that way I can trade you a can of SPAM for gold.
 Quoting: Hostess Cupcake


Actually, assWHIPE, MEN would not need your spam

We can handle our own meals without government handouts and dragging around dead weight that will eventually be consumed, rather quickly I may add.


(Yes, stress the WHIPE part)
Anonymous Coward
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02/04/2019 04:26 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
Ok, to the question:

All the survival guru's who are worth their salt are saying something like:

Based on the prepper financial situation he/she must do the bellow:

1. Buy and store long term food to cover for at least 3 months of daily living for all people in the household (better is 6 and best is 1 year) and means of cooking/heating these foods (small gas/wood burning stoves, with reserves of gas, wood for it, etc)

2. Buy & store water: 1 gallon/person/day covering for 1 week all persons and as well, filter systems to make good any muddy water, etc (like Berkey systems and few spare filters for it)

3. Buy and store:
- general use medicines (anti inflammatory, anti diarrhea, band-aids, disinfectants and antibiotics)
- then family member illness based medicines (diabetes, etc)
- household and water disinfection: bleach and bleach solid base (could be stored longer time than liquid)

4. Keep a few thousands, covering at least 3 months household strictly expenses (utilities, basic foods, no other fluff her!)

5. If still money remains you need to buy tools, devices for different handwork you may be doing (electric generators, manual tools, few electric but efficient!) and mostly important - fire-weapons & ammo - to be able to protect all the above (in US that would be some kind of fire weapons for each able body in the house and suitable ammo for each)

6. Now, if still money left you buy a few hundred OZ of silver coins and probable bars (there is a discussion about legalities facing confiscation of some coins and bars)

7. Now, if still there is money, is good to have some regular, nothing fancy, pawn gold jewelries, purity less than 24K to minimum acceptable in your country (14K, 18K, 20K) in form of rings and chains, medallions (which can be accepted at any pawn shop and chains could be cut at length if the need arise, you could cut 1/5 of that chain for a sack of grains in a barter, etc)

8. So if you have a definitely level of wealth, still more money remains, then you can buy 24K bank bullion in smaller and bigger weight denominations (10, 20, 50 grams for barters) (100, 250, 1000gr for wealth storage) Of course I suggested first buy pawn lesser quality gold, because during SHTF, if you want trade gold, you will get the smallest amount of money on it and will probable forced to sell 24K gold like for price 14K gold. Besides, selling 24K gold will mark you as a target for attack, etc so not good like to go trading/bartering anywhere with larger bars 10 max 20 grams gold. Larger bars are to be used, as reconstruction capital after the SHTF (if will be the case)

Of course, is good to have some out of every category, you can work in parallel, but the 3 B's (Beans Band-aids and Bullets) are most important for each of us.
Hostess Cupcake

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02/04/2019 04:31 AM

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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
Fuck silver unless you need a new tea set or silverware.

Buy gold and buy as much as you understand;)
 Quoting: Anonymous Coward 77166178


Yes, that way I can trade you a can of SPAM for gold.
 Quoting: Hostess Cupcake


Actually, assWHIPE, MEN would not need your spam

We can handle our own meals without government handouts and dragging around dead weight that will eventually be consumed, rather quickly I may add.


(Yes, stress the WHIPE part)
 Quoting: Anonymous Coward 51389679


It sounds like you'll be carting around a bunch of metal that will be worth less than you paid for it. Watch out for bandits. I'll still trade your stupid ass a can of SPAM for some gold though.
"Back from the dead bitch with a swarm of locusts." ~ My Psychosis


"Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

~ US Banker's Magazine, August 25 1924
Hostess Cupcake

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02/04/2019 04:50 AM

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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
Fuck silver unless you need a new tea set or silverware.

Buy gold and buy as much as you understand;)
 Quoting: Anonymous Coward 77166178


Yes, that way I can trade you a can of SPAM for gold.
 Quoting: Hostess Cupcake



Yes, people like you should by spam and cupcakes and NOT gold..


spam
 Quoting: Anonymous Coward 77166178


Are you sure I shouldn't bye it instead?
"Back from the dead bitch with a swarm of locusts." ~ My Psychosis


"Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

~ US Banker's Magazine, August 25 1924
Anonymous Coward
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02/04/2019 04:54 AM
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Re: they say to prep, buy silver and gold, but, how many oz of each- is a good amount that will be needed?
Fuck silver unless you need a new tea set or silverware.

Buy gold and buy as much as you understand;)
 Quoting: Anonymous Coward 77166178


Yes, that way I can trade you a can of SPAM for gold.
 Quoting: Hostess Cupcake


Actually, assWHIPE, MEN would not need your spam

We can handle our own meals without government handouts and dragging around dead weight that will eventually be consumed, rather quickly I may add.


(Yes, stress the WHIPE part)
 Quoting: Anonymous Coward 51389679


It sounds like you'll be carting around a bunch of metal that will be worth less than you paid for it. Watch out for bandits. I'll still trade your stupid ass a can of SPAM for some gold though.
 Quoting: Hostess Cupcake





I have a lot, yes. But I trade all my extra fiat for it.
Note, I said EXTRA.
That is after everything else is squared away.

My skills, food, water, and shelter are enough for me to get by.