amalekidad wrote:Here is another way to look at it. A year ago I bought a roll of 40% silver for $50, today the same roll sells for $100.
exbingoaddict wrote:mr18 wrote:exbingoaddict,what i understand for CRAP HITTING THE FAN is when there would be a total collapse of the dollar and replaced with another fiat currency or perhaps merging the dollar with other countries. Silver and gold always retain their value. Silver can and is used today in exchange for goods and services. My father has done lots of side jobs where he has been paid in silver with no worries of selling the silver for FRN when needed to.
Mr18, so you're thoughts are is silver is an alternate to the FRN? Ok, I can buy that, I'll give that thumbs up.
There's a pet peeve I have when people throw around the "SHTF" talk. If they mean we're going to have a collapse of civilization, then metal is worthless. It's survival mode, you can't drink gold. You need water, food, shetler, and weapons. I'd rather have the canned fruit then all the silver in the world. In the fallout shelter, the man with the can opener is King.
Now if we're talking inflation hits and dollars keep lowering in value, that I can see. What is the point you seem to be making. US Dollars become more worthless and gold and silver retain value compared to the FRN.
exbingoaddict wrote:mr18 wrote:exbingoaddict,what i understand for CRAP HITTING THE FAN is when there would be a total collapse of the dollar and replaced with another fiat currency or perhaps merging the dollar with other countries. Silver and gold always retain their value. Silver can and is used today in exchange for goods and services. My father has done lots of side jobs where he has been paid in silver with no worries of selling the silver for FRN when needed to.
It's survival mode, you can't drink gold. You need water, food, shetler, and weapons.
Rodebaugh wrote:exbingoaddict wrote:mr18 wrote:exbingoaddict,what i understand for CRAP HITTING THE FAN is when there would be a total collapse of the dollar and replaced with another fiat currency or perhaps merging the dollar with other countries. Silver and gold always retain their value. Silver can and is used today in exchange for goods and services. My father has done lots of side jobs where he has been paid in silver with no worries of selling the silver for FRN when needed to.
It's survival mode, you can't drink gold. You need water, food, shetler, and weapons.
Oh yeah.... http://www.ediblegold.com/
ultra low calories and (insert ingot joke here) benifits
Rodebaugh wrote:Silver dollar prophylactics
Talk about a cull quality coin
97guns wrote:i hate that term cant eat gold, well you cant live in a loaf of bread either. with metals you can buy bread, with bread the only thing you can do with it is eat it.
68Camaro wrote:The refining cost would be an interesting datapoint. Mabye MH would know. But my belief is that most 90% wouldn't be refined anyway - at least until it turns to a slick - whereas 40% would tend to get refined quickly. Frankly, I would only collect 40% with the view of sending to a refiner, and would be factoring in those costs. So if we can get some data on those costs, I might change my mind and start picking up 40% for melting!
Rodebaugh wrote:Silver dollar prophylactics
Talk about a cull quality coin
exbingoaddict wrote:mr18 wrote:please tell me more on the bad 90% investment. you see, i hoard it all, some not to re-sell later since it is for a SHTF type scenerio. but if i want to turn a profit, what would your recommendation be?
Read up the theard. 90% silver would have to be melted and refined to make bullion. If Silver keeps rising, you'll have everybody lined up at refiners doors with Grandma's prized flatware. They'll be in a postion to pay you below spot because they don't need it.
Define the crap hitting the fan for me. What causes it? Why is silver a good buy for it?
fullmetalraymond wrote:exbingoaddict wrote:mr18 wrote:please tell me more on the bad 90% investment. you see, i hoard it all, some not to re-sell later since it is for a SHTF type scenerio. but if i want to turn a profit, what would your recommendation be?
Read up the theard. 90% silver would have to be melted and refined to make bullion. If Silver keeps rising, you'll have everybody lined up at refiners doors with Grandma's prized flatware. They'll be in a postion to pay you below spot because they don't need it.
Define the crap hitting the fan for me. What causes it? Why is silver a good buy for it?
That's true indeed, but if that drove the price for silver down, wouldn't it drive it down across the board? What I mean is, wouldn't even the .999 holders have to take a hit as well? Silver's silver after all.
Sheikh_yer_Bu'Tay wrote:During TSHTF, silver is very important to sanitize water. It is a very powerful anti-microbial. Drop a few Ag dimes into a canteen and the water stays fresh & drinkable for a very long time. From the Romans forward, Ag has been used to keep drinking water safe. Navies use it on board ships to this very day.
Silver-nitrate is a powerful topical ointment for both bacterial and fungicidal infections. Even just bandaging silver coins against a wound will help it to heal. In a SHTF scenario, it's better than nothing.
beauanderos wrote:It wouldn't drive it down across the board. These guys are saying that, under those conditions, 40% would be penalized as being difficult to refine, and the smelters would offer less for it percentage wise than they would 90 or 999. What those who predict that the smelters would do this fail to realize that most of the easy to melt silver has been melted. If, as they say, adjusted for inflation $50 equals $125 or more... than just consider during our current run up... if we were to hit $125 in 2011 dollars... how much more silver would be drawn out to be melted. But really? There isn't that much heirloom silver out there anymore. Ever heard of the Treasure Hunters Roadshow? They have been siphoning off silver from desperate sellers for more than ten years already, in excess of a quarter of a billion dollars worth annually.
That is only a concern if you want to sell "right now" or you are expecting silver to peak. If silver were to stay high, you would be able to get a better price later on, wouldn't (shouldn't) you?exbingoaddict wrote: Read up the theard. 90% silver would have to be melted and refined to make bullion. If Silver keeps rising, you'll have everybody lined up at refiners doors with Grandma's prized flatware. They'll be in a postion to pay you below spot because they don't need it.
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