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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  (OP)

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02/04/2019 09:26 PM

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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?

 Quoting: Anonymous Coward 51389679


Thanks so much for all the informative replies, see lots of great discussions going on here :)

love the 3 bs

beans
bullets and
band-aids

beans
Mr. Canna

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02/04/2019 09:37 PM
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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.
 Quoting: Anonymous Coward 69522418

Because under the "non-President" Obammy...your 3 shares for $1 will end up being $0.10 each. Under Trump, your 1 share for $2 will end up being $5.
Grow Your Own
Anonymous Coward
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02/04/2019 10:06 PM
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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)]
 Quoting: Hostess Cupcake

If the shit hits the fan hard.. gold will be as valuable as the next paper weight. Barter system will be in full effect. Would you trade grain for gold or gasoline if there were no gas stations open?
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02/04/2019 10:08 PM

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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


superb advice.... somebody here is smart. Coins even cheap ones will have greater exchange than paper backed by nothing. hf
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Mental Case

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02/04/2019 10:19 PM
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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?
Put equal DOLLAR amounts into gold and silver.

Put 5% of your net worth into gold and silver.

It must be PHYSICAL (hold in your hand) gold and silver...NOT a certificate!

If you decide to put $10,000 into it...$5,000 should go into gold...and $5,000 should go into silver.

Last Edited by Mental Case on 02/04/2019 10:21 PM
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Anonymous Coward
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02/04/2019 10:21 PM
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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?
[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:
 Quoting: savcash


Diversify!
Preps first(water, food, guns, ammo), then precious metals
Don't keep all your eggs in one basket.
Mkguyver

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02/04/2019 10:36 PM
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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?
People of Argentina had little use for gold, why, because there was nowhere to convert gold into usable barter. The piece I read , written by a man whom lived the economic collapse. He stocked up on coin, large quantities of a variety of coin, which like the United States is minted by Congress, not the federal reserve. Coin for this man was used for taxis, food, etc. A flexible money useful in daily life.
He also bartered pieces of gold jewelry for higher expenses.

So, store some silver and gold, but coin is also recommended.
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Anonymous Coward
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02/04/2019 10:38 PM
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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?
U.S. Silver coins are the best, even paying a little more
premium for coins that aren't all beaten-up.

Gold really isn't all the negotiable: the smallest minted
quantity you can get is probly 1 oz.
and who's got change for a thousand dollar gold piece.

it's going to cost you to get into Silver Coins but
once you do, the market valve is pretty confident.
and you'll always be able to buy stuff that's worth
5,10,20, 50 and 100 dollars, and such.



good luck
1-2-Follow

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02/04/2019 10:45 PM

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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?
"They" were saying silver would be $3000/ounce on here by 2012.

Its worth less now than it was in 2007/08 and it peaked a couple years ago at what...$40-50 per ounce lmao

Last Edited by 1-2-Follow on 02/04/2019 10:46 PM
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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?
IMO, you cannot eat gold or silver. It would be better for bartering to have liquor, soap, toiletries, ammo, and medicines, and even extra canned foods to barter with.Look at Venezuela.The people are starving, need medicine, basic sanitary supplies, etc. Gold and silver is basically worthless there, but if you have a big stockpile of neccessities, you have some great bargaining power.
lil_g

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02/04/2019 10:47 PM

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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?
and what are you going to do with it?
dream
Anonymous Coward
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02/04/2019 10:48 PM
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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?
"They" were saying silver would be $3000/ounce on here by 2012.

Its worth less now than it was in 2007/08
 Quoting: 1-2-Follow


spot value $15, ain't too shabby.

it should be about $30 though.
Dace

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02/04/2019 10:49 PM
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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?
Depends....however many oz each individual thinks they might be able to eat.
Mental Case

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02/04/2019 10:50 PM
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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?
"They" were saying silver would be $3000/ounce on here by 2012.

Its worth less now than it was in 2007/08

----------

It's not about making money...it's not an "investment".

PM's are used to save your wealth.

The idea is...if there is ever hyperinflation and it takes 50,000 dollars to buy a cheeseburger...you gold and silver will still be able to buy what they used to buy.

So that one ounce of silver would still get you 4 big macs...even though a big mac is now 100 grand.

Think that's impossible??? Look at venezuella. (or zimbabwe, or argentina, or the weimar republic...)
If I am going to be damned...I am going to be damned for who I really am!
steelman

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02/04/2019 11:03 PM
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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?
I'm stocked enough. But the truth is, it won't do you much good. No one will be selling anything. Most people don't know how to tell if silver and gold is real. Food, water, and a warm house. Think about it? Would you give up your generator and gas for gold????????????? No you won't.
savcash  (OP)

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02/04/2019 11:04 PM

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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?
IMO, you cannot eat gold or silver. It would be better for bartering to have liquor, soap, toiletries, ammo, and medicines, and even extra canned foods to barter with.Look at Venezuela.The people are starving, need medicine, basic sanitary supplies, etc. Gold and silver is basically worthless there, but if you have a big stockpile of neccessities, you have some great bargaining power.
 Quoting: tiger1


I would guess that would be right, however, getting the news of what you have, out into the neighborhood - that is the risk.
Looters and force are a factor as you then, become a "bank" of sorts.
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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


a tenth oz. of gold is about the size of a dime...

they sell leather belts with a secret compartment...

so you can wear it with 3 or 4 ounces... today's spot price is a little over $1,300 so that's about $5,000 around your waist...

if the price goes parabolic, it shouldn't be to hard to trade for food, gas, water... at least in the first month or so...

after that... who knows?


thinkab0utit7
GT Big hair...yep and Amen.
Dace

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02/04/2019 11:40 PM
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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




if the price goes parabolic, it shouldn't be to hard to trade for food, gas, water...
 Quoting: GT Big hair


Yeah...If TS ever HTF...give that a try.... you'll be still hungry and holding your little pieces of shiny metal while I'm trading a freshly shot buck for a month's worth of water.
....but, whatever floats your boat...perhaps you can trade and eat an iphone8 or something.
cheers
Southern OR

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02/04/2019 11:41 PM

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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?
I don't see how precious metals will really help. Buy heirloom seeds, coffee, and first aid items.
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1-2-Follow

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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?
"They" were saying silver would be $3000/ounce on here by 2012.

Its worth less now than it was in 2007/08

----------

It's not about making money...it's not an "investment".

PM's are used to save your wealth.

The idea is...if there is ever hyperinflation and it takes 50,000 dollars to buy a cheeseburger...you gold and silver will still be able to buy what they used to buy.

So that one ounce of silver would still get you 4 big macs...even though a big mac is now 100 grand.

Think that's impossible??? Look at venezuella. (or zimbabwe, or argentina, or the weimar republic...)
 Quoting: Mental Case


Ah ok. Looking at it that way, i understand what youre saying if youre not trying to make money, just preserve todays value.
My team color isn't red or blue. It's GOLD.

Truth is schilling in the empire of retards.

"Yep but for now we dub you toast guy." - AC520845

*PROCLAIMED PROPHET OF THE DOW* ®

Let me know when the climate STOPS changing, then i'll be worried.
Anonymous Coward
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02/04/2019 11:46 PM
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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


non-gmo seed pack.
Mental Case

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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?
Ah ok. Looking at it that way, i understand what youre saying if youre not trying to make money, just preserve todays value.

--------

Exactly!
If I am going to be damned...I am going to be damned for who I really am!
Anonymous Coward
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02/04/2019 11:59 PM
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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?
"They" were saying silver would be $3000/ounce on here by 2012.

Its worth less now than it was in 2007/08

----------

It's not about making money...it's not an "investment".

PM's are used to save your wealth.

The idea is...if there is ever hyperinflation and it takes 50,000 dollars to buy a cheeseburger...you gold and silver will still be able to buy what they used to buy.

So that one ounce of silver would still get you 4 big macs...even though a big mac is now 100 grand.

Think that's impossible??? Look at venezuella. (or zimbabwe, or argentina, or the weimar republic...)
 Quoting: Mental Case


you understand what it's all about. (this is "prepping" we're talk'in here.)
Mental Case

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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?

-----------

I think you should have them for well after TSHTF...in the rebuilding period.

ANd specifically to buy land!

You should have the goods in your posession when TSHTF...then you wont need to buy them with PM's.
If I am going to be damned...I am going to be damned for who I really am!
Mental Case

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02/05/2019 12:02 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 understand what it's all about. (this is "prepping" we're talk'in here.)

--------

Yup.

I just used big macs as an example to make the point...I don't think any McDonalds will be open after TSHTF :)
If I am going to be damned...I am going to be damned for who I really am!
Anonymous Coward
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02/05/2019 12:05 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?
Here we go again.....the "Ya can't eat gold" argument....

Why do posters say gold/silver OR preps?


The vast majority of people buying PMs already have preps.....

I have a yr of food, a bug out house/land, guns/ammo,etc, etc, before I purchased my first oz of gold.....this was back in the 90's....
Icey

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02/05/2019 12:15 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?
What about steel, aluminum, copper, and lead?
I am SNOWIE
Dace

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02/05/2019 12:17 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?
What about steel, aluminum, copper, and lead?
 Quoting: Icey


depends on which one you find more tasty.
Anonymous Coward
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02/05/2019 12:21 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



And hopefully you understand a lot..
Anonymous Coward
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02/05/2019 12:25 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?
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




if the price goes parabolic, it shouldn't be to hard to trade for food, gas, water...
 Quoting: GT Big hair


Yeah...If TS ever HTF...give that a try.... you'll be still hungry and holding your little pieces of shiny metal while I'm trading a freshly shot buck for a month's worth of water.
....but, whatever floats your boat...perhaps you can trade and eat an iphone8 or something.
cheers
 Quoting: Dace



If you think there will be easily available wildlife in a SHTF scenario you may wish to reconsider, and then make sure you have a good water filter so at least you have a drink of water while you starve to fucking death, bro..





GLP