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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?

 
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Odious Tumulus

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02/05/2019 12:26 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?
I got news - Simple economics - Supply and Demand. The more people buy gold and silver, the less valuable it will be in a disaster situation. What are you going to buy and how will you account for it with so many scenarios of doom? Such a waste.
Ash Nazg Durbatulûk, Ash Nazg Gimbatul, Ash Nazg Thrakatulûk, Agh Burzum-ishi Krimpatul
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02/05/2019 12:31 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?
Here's a real pro-tip: Be the guy who can 1. Test/Assay other people's gold and silver. (Rare skill in the wild). 2. Be the guy who can MAKE CHANGE. (WTF you gonna buy with that 1,000 oz. bar, buddy? All at one time?). 3. Have "real" scales (not digital) and BONUS....Be able to cast ingots in 1/4 oz and 1/10th oz "denominations".

None of these take as much as just stockpiling.
Dace
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02/05/2019 12:33 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?
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..
 Quoting: Anonymous Coward 73285566


I already have a backup water system fed from 2 sources...as far as wildlife, I can go outside and trip and hit a wild hog at the least....bonus for living in the boonies....

...and miles and miles of sparsely spread out hillbillies all around me who would shoot your ass on sight in said scenario so no worry about anyone infringing on my shit.

...thanks for asking...I'm set.

Last Edited by Dace on 02/05/2019 12:34 AM
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02/05/2019 12:50 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?
What about steel, aluminum, copper, and lead?
 Quoting: Icey


they're worth pennies per lb.
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02/05/2019 12:57 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?
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.
 Quoting: Mental Case



Great advice^

Barter goods for if/when the SHTF.. gold for if/when you make it out the other side..
Windsage

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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.
 Quoting: Mkguyver


Was that Ferfal? He used to post on GLP all the time, wrote a book about the collapse in Argentina. Two things he wrote which I particularly remember:

1. Have a pistol and ammo, everybody walked around armed and with good reason.

2. If there was anything he could do if he could go back in time before the collapse, he said it would be to buy MORE FOOD, and lots of it. Must eat every day and food became very scarce and extremely expensive.
Windsage

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02/05/2019 12:58 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?
What about steel, aluminum, copper, and lead?
 Quoting: Icey


they're worth pennies per lb.
 Quoting: Low Earth Orbit


But old fashioned made-to-last hand tools are a great thing to have.
Anonymous Coward
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02/05/2019 01:02 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?
...




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..
 Quoting: Anonymous Coward 73285566


I already have a backup water system fed from 2 sources...as far as wildlife, I can go outside and trip and hit a wild hog at the least....bonus for living in the boonies....

...and miles and miles of sparsely spread out hillbillies all around me who would shoot your ass on sight in said scenario so no worry about anyone infringing on my shit.

...thanks for asking...I'm set.
 Quoting: Dace


Good you have reliable water sources.

If the shit ever did seriously hit the fucking fan you'd be lucky to find a goddamn squirrel to shoot. When the supply lines break down, the animalistic masses will quickly creep out into even the most remote areas.

Tens of thousands of armed, hungry and desperate masses..


Hope you and your hillbilly brothers have a fuckload of ammo..
gOnEmAd

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02/05/2019 01:08 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?
Anyone that doesn't have a secured water source shouldn't worry too much about the stuff that comes after.
Crypto-Tard

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02/05/2019 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.
 Quoting: Anonymous Coward 10485453


Exactly. Metals are the last thing you should buy. Get food, tools, camping equipment, tarps, etc. FIRST.

If you have money left, start with US silver coins, get a few hundred $ of them, then think about gold.
In the end, the truth is revealed. You might not accept it, but it will be right in front of you and undeniably true.
Anonymous Coward
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02/05/2019 01:13 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?
For the "average-person", I dont think it really matters if it's gold or silver you buy lol. Thats pretty much up to how you choose to store them.

In the event they are used as currency for everyday living/survival, they gonna get chopped anyways. (You're gonna break off chucks of any 1oz bars, especially gold, to weigh in exchange for goods).
Icey

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02/05/2019 01:21 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?
What about steel, aluminum, copper, and lead?
 Quoting: Icey


depends on which one you find more tasty.
 Quoting: Dace


I buy them to feed to the needy.
I am SNOWIE
Icey

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


they're worth pennies per lb.
 Quoting: Low Earth Orbit


How much do you have?
I am SNOWIE
Anonymous Coward
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02/05/2019 01:46 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?
Buy ammo.
Anonymous Coward
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02/05/2019 02:28 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


they're worth pennies per lb.
 Quoting: Low Earth Orbit


But old fashioned made-to-last hand tools are a great thing to have.
 Quoting: Windsage


good barter items, if we get pushed back into the Stone Age...
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02/05/2019 02:42 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?
They say?
All preping should be what you can afford.
My wife never asks me how many of something we should we get of any thing, I am a preper/horder, as many as we use in a year and then some more.

Gold silver are on my list for barter and long term safe hedge.
For many reasons, it will retain or regain its value. 1900ish a US $20 gold coin was 1 OZ gold, You could buy 2 suits and shoes for $ 20.
Can you buy that today for $20, Nope but that same 1 OZ of gold is apx $1400 today can you get the 2 suits and shoes for that. Yes, The Gold value retained.

The most valuable to me is, Experience, knowledge and skills with garden, small animals, water systems, Power systems, mechanical, welding. Saving the fruits of your labor dehydrating, canning, curing and storage. Garden knowledge, soil building, additives fertilizer, pest control, tools, ect never ending, I spend most of my extra federal reserve notes in this pursuit.
This week it for the rabbits, building a better dry area too much rain have about 20-30 baby's a month, just started several months ago.

Basics Shelter paid for no loan, bug out place.
Food long term freeze dried, canned.
Water and water rights at bug out.
Security more than enough if such a thing is possible.
Cash on hand 1 years worth of all bills.

Next permaculture $10k a 20k gal pond stocked with fish and plants water pumped filtered through a 1/2 acre garden then back to the ponds. And expand green house. I got a lot of hydroponics, aquaponics and dirt experience 50k worth in the last 5 years.
Trees eatable and medical herbs takes years.
Xeven
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02/05/2019 03:38 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?
When SHTF I will trade you bullets for needed food and water. You make easy target lugging around metal. I’ll be the guy selling bullets.

We won’t be needing your gold and silver however.
I reserve the right to declare my comments and posts as satire. Nothing I post should be considered or interpreted as advocacy for illegal activity. My comments maybe designed to inspire critical political thinking. For Hire!
Anonymous Coward
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02/05/2019 06:09 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?
Why sell your bullets.
keep them to give away free when you have to if you know what I mean.
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02/05/2019 06:44 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?
Buy one Bitcoin store on a hardware wallet and look at it in 5 years...will out perform everything else by a factor of 100 imo.
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02/05/2019 07:02 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?
Once you have the "appropriate" amounts of "beans, bullets and band aids" stored up purchasing a small amount of gold and silver is a smart plan.

Choosing smaller pieces is slightly more expensive to accumulate than 1oz sizes. However IF you ever have to spend it, I'd rather have options to that end rather than cutting coins down.

I would recommend 10 oz or so of gold in small denominations; 1/10 oz or gram size coins/bars.
For silver I would suggest a 1000 oz in either pre 1965 U.S. 90% coins or a combination with the above and 1 ounce silver American eagles or Canadian silver maples.

I consider the gold/silver portion of anyone's preparedness to be part of your real world hedge against inflation. Or as an investment with the duality of possibly being useful as a barter item in world changing catastrophe.

Worst comes to worse and the world keeps on turning; just sell it for more green toilet paper. cool2
Mental Case

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02/09/2019 10:52 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?
Another reason you should own some physical gold and silver is it is OUTSIDE THE SYSTEM (just like cash).

The IRS or govt can put a lean on your house or car...freeze your bank accounts.

But they can't touch what they can't find (gold/silver/cash).

You would be amazed at how tiny 12 grand in gold is!
If I am going to be damned...I am going to be damned for who I really am!
wingbat00

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02/09/2019 11:32 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?
brass and lead are a better investment. if anything can goods...

you can't eat silver or gold.
savcash  (OP)

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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?
water, from a swimming pool, filter it w/o elect, for drinking..owning a large pool would be a bonus??
Lester
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02/10/2019 01:36 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?
Preppers are kind of the short-term to intermediate visionaries....

They can envision problems affecting them from a variety of sources. 'Preparing" to them means buying stuff so if they need it, they will have it. It don't mean that they learn how to be self-sufficient, or how to use the stuff they buy...

What will YOU Need?
Only YOU can answer that one.

You can't eat gold or silver. If you have a few .9999 fine coins or bars, you can make colloidal silver. It does work.

Gold and silver were money in the USA. They are rare elements in nature, cost a lot to refine, are valued for many reasons from jewelry to electronics and are in very tight supply. Fiat money, is just paper; paper with a declared value, legally enforced.


Do you need portable wealth? Maybe...
What you DO NEED is to have Food, Water, Shelter, Warmth, and Protection.

Got a water source that isn't city-controlled?
Got your own septic or other independent sewage system?
Got gear to generate electricity and store the power you generate?
Got enough fuel to run your generator for more than a couple days?

Got cash, maybe lots and gas cans to get more fuel if it's available?

Got your own food supply, so your good for weeks or months, maybe years?

Got the means to cook your food, boil water, maybe distill water or alcohol?


Then, are you skilled at electric repair, cooking from scratch, diagnosing and treating ailments in your family members? Got communications gear? Got supplies to keep your auto(s) running? Can you fix bicycles?


If the banks are down, got money?
Got a skill you can barter or something to trade to a doctor or surgeon?

Know how to stitch a cut or treat a wound?


Life happens...
If you got no phone, no car, no way to leave where you are; and some major shit befalls you... Do You KNOW What To Do?

Prepping is a joke, but it sounds better politically than admitting your a survivalist who perceives the system can but fail. Prepping disregards the elephant in the living room: What If It Really ALL Does Fall Apart and Chaos Reigns?

Lots of stuff on this topic in the archives here.
Anonymous Coward
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02/10/2019 01:41 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? For prepping? Gold has zero survival usefulness, and any value it has exists only as an idea. I would laugh if you tried to offer me gold in exchange for my food in a "The Road" situation, I would rather you trade me some bullets or food stuffs. I will trade you 1 egg for your 10oz of gold!

Food, weapons, skills, these have direct value.
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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?
If you have actual savings, put 10% in metals. Metals that women like, gold/silver/platinum. If you are not net positive do not be doing anything until you are.
Anonymous Coward
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02/10/2019 02:18 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?
Hold on a sec.

First of all, if you don't have physical possession of food, water and other basic essentials for daily existence for 90 days... beef that up and then check back this post.

Ok, good now? Got preps for 90 days? Now you are ready to consider PM's for SHTF.

Now, you have money left over after providing food, water, security etc for yourself and those you love for 90 days... what to do with that? This is what gold and silver is for. To transition wealth from one side of a situation to another. It is not much good while Marlboros are being traded for packs of ramen noodles. It is definitely good when commerce comes back but fiat currencies are still distrusted or volatile in value.

It's been said you can't eat gold. True. You also can't eat turpentine. Or motor oil. Or kerosene. Nor gasoline. Nor twine nor guns nor medical supplies. I think we've disposed of that argument sufficiently. You have to eat. That much is established. If you haven't got that covered independent of any means of commerce for at least 90 days... you've got more pressing priorities than previous metals.

Now... assuming beans bullets and band-aids are covered for 90 days... you need to have thought to what kind of commerce will prevail. Because something will. You can't afford to rely on a "job"... which means someone willing to hire you. You have to start thinking about your own worth in terms others will recognize. Or, living in complete isolation, which is impractical or impossible for 90% of us.

For surplus wealth after basic food, fuel, water and health is assured for your team for 90 days... I'd put the first 3k in small denomination silver and anything over that in 1/3 silver and 2/3 gold.
Jake

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02/10/2019 02:19 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?
I'm selling silver now if anybody wants to buy any.


pm me

Last Edited by Jake on 02/10/2019 02:20 AM
Anonymous Coward
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02/10/2019 02:29 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?
Hold on a sec.

First of all, if you don't have physical possession of food, water and other basic essentials for daily existence for 90 days... beef that up and then check back this post.

Ok, good now? Got preps for 90 days? Now you are ready to consider PM's for SHTF.

Now, you have money left over after providing food, water, security etc for yourself and those you love for 90 days... what to do with that? This is what gold and silver is for. To transition wealth from one side of a situation to another. It is not much good while Marlboros are being traded for packs of ramen noodles. It is definitely good when commerce comes back but fiat currencies are still distrusted or volatile in value.

It's been said you can't eat gold. True. You also can't eat turpentine. Or motor oil. Or kerosene. Nor gasoline. Nor twine nor guns nor medical supplies. I think we've disposed of that argument sufficiently. You have to eat. That much is established. If you haven't got that covered independent of any means of commerce for at least 90 days... you've got more pressing priorities than previous metals.

Now... assuming beans bullets and band-aids are covered for 90 days... you need to have thought to what kind of commerce will prevail. Because something will. You can't afford to rely on a "job"... which means someone willing to hire you. You have to start thinking about your own worth in terms others will recognize. Or, living in complete isolation, which is impractical or impossible for 90% of us.

For surplus wealth after basic food, fuel, water and health is assured for your team for 90 days... I'd put the first 3k in small denomination silver and anything over that in 1/3 silver and 2/3 gold.
 Quoting: Anonymous Coward 76258609


Yer gold and silver have 0 value if no one wants them. Their values exist only in a communal idea, in exactly the same way as paper money or coins. Lead and gunpowder is significantly more valuable, because you can use this to get more food and/or defend/attack against things. What are you going to do with a lump of gold? Throw it at someone's head?

1dunno1
Mental Case

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02/10/2019 08:14 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?
Prepping is a joke, but it sounds better politically than admitting your a survivalist who perceives the system can but fail.

--------

You are looking at it with tunnel vision.

Not every crisis is an end-of-the-world type scenario (actually very few are).

My preps have saved me from driving while intoxicated (ran out of ciggies while I was drinking...got a pack from my emergency carton).

They've given me hot coffee and light and news during a power outage.

And they've made life alot more comfortable during a few snow storms.

And the worst...I ran out of toilet paper! But nope, I had lots in my emergency stash :)

As far as I'm concerned, my preps have more than paid for themselves!
If I am going to be damned...I am going to be damned for who I really am!