Precious metals

Yes, gold would be difficult to use as daily tender. That is where silver comes in. Much easier and smaller denominations. And yes, you probably would be able to go to the store or gas station and give them a silver dollar.

Also, alot of people get PM's not to use during bad times, but as a hedge if the dollar crashes, a new system is born, and then can use PM's to buy into the new monetary system.

 

+2

And with all the current financial markets and economies around the world, its hard not to see what may happen with paper money.

 

PMs are Insurance for the crashing dollar, Inflation, You kill me thinking that paper currency based on nothing is worth something it's not and 126 countries agree and when the rest agree the dollar will be worth the same as confederate notes, nothing......
The dollar is suppose to be based on gold, that's what made us the strongest nation in the world our gold and silver reserves, not piles of monopoly money.... Now they just keep printing UNLIMITED DOLLARS reducing the value every day and we are doing something to protect ourselves.....
They are increasing the money supply by 20% a year what are you going to do to protect you self from this????? Your 201K....
Go learn about fiat currency and then ck back....

PMs are for wealth protection......

If you don't think PMs aren't worth anything don't buy any and go buy apple because no has bought into that company yet....

and honestly I'm going to sell my PMs to all the disbelievers like you because, you waited too long to buy and you will pay any price to have some and it will very hard to get....

 

Exactly

 

There we go, a pyramid scheme...buy low, bring people in, create demand, sell high, and skip town before they know the have been had.

What a classic con job.

Howard

 

But anyway,

Now the dow is down 1000 points and they blame it on china, but it's easy to see coming....... SDOW up 11% think I nailed it but we'll see...

So what's your favorite coin???

I started with eagles and maples and now I'm buying perth mint when I find a good deal...

 

And the pyramid scheme is from the GOV, pensions, social security are both ponzis....

This is investing and most people won't figure it out till it's too late.... Like buy apple at the top.... But with metal you can't just create more out of nothing which is why it is valuable and you will want some but the price will be much higher by then..... No pyramid just, supply and demand......

So if you don't want any then go buy more apple because the price is so low and I'm sure they will send you a certificate for all the stocks you own.....

And I'm not selling I'm buying, my PMs are a 5-10 year plan before I even think of selling.....

 

So again,

What are your favorite coins?????

 

People are gonna learn the hard way when they loose all they have, with no PMs in hand.

shr133, your doing the right thing. In due time everyone will see, but way sooner than 5 years. I'd say 2-3 years max.

 

Looks like virtually all commodities are fairly flat at the low end of the year. If China goes into a slump, metals will drop like a rock...

 

Yeah probably starting right now, the stock market is starting to crash now, so in 2008 it took a year to bottom but, the metals may be bottomed out now..... But the sheeple can't see any of it so I have to sound like it's for long term but it's for now, in the next couple of years.... The current dollar won't last 7 more years.....

But the biggest thing will come from china being named the new reserve currency, if the they go to a gold standard it may fix the price of gold and if the new dollar has a gold standard, we will win big time, but the price will be fixed after that...........

 

There is not enough gold in existence to return to the gold standard...after 200+ years, why should the dollar fail now?

 

The dollar will only be around as long as confidence is there. Once Americans and other countries loose confidence in the dollar, say bye bye. The loss of confidence is already happening. Many countries are finding other ways to deal without using USD.

 

Canadian Maples, slightly cheaper than American Eagles, yet it has a slightly higher purity.

 

We only became a world currency during WWI when the financial markets moved to NYC since Europe was in turmoil. I think you are peddling sail boat fuel.

Oh yea, I got my MBA work done back in the last 80's.

Howard

 

It's cool, we can agree to disagree...

I hope YOU are right, that the dollar will not fail. That said, myself, and many others (who have higher degrees than an MBA, if that makes any difference) think otherwise.

 

I love this thread.

...I do American Gold and Silver Eagles.

 

I started getting silver and gold eagles then switched to maples because they have a higher purity, now I buy perth mint and other silver that may have some numismatic value if the price is close to the same and with these crazy prices sometimes you can find low production coins for the same price....

I don't like generic coins because they may be harder to sell or have less value, unless they are a lot less they may be worth it.....

Like Somali elephants for the same price as eagles but they make only 250k.....

So I have a little of everything... but maples and eagles should be the easiest to sell when the time comes.....

I have mostly silver because the 70-1 ratio right now is too crazy, but they make so few gold eagles that when the price hits they will be hard to get... So I'm back to adding gold again, just hit my silver goal last month........ But that just pushes my goal higher.......

 

I also stick mostly to 1 oz coins or junk silver..... So far junk silver has been holding better then the bullion coins, so I may need to get some more.

We got some america the beautiful coins, they're cool but they didn't go up any extra, well the few that did we didn't buy.....

 

That was my degree in business, I later went on to a PhD in Industrial Engineering.

The real problem with the "dollar may fall" theory is that it leading for a false austerity concept, that is slowing down Europe recovery.

Notice right now that people are buying loaded 60k and 70k pickup? it seems like their credit finally recovered from the 08 collapse.

As long as people hoard dollars, and buy all we print, the value with stay strong.

Howard