[coyotehunter]

what is junk silver? i wana invest in silver but not very much is junk silver a good way 2 go so i have quantity? plz help

[killer]

I've tried my hand panning for gold in the Ruby Mountains of Nevada while deer hunting one year. There was what they called "fools gold" plentiful you could see in the streams.

In a SHTF scenerio how would you know real gold/silver from fake? My parents always talked about the depression and some of the crooked deals that would go on as people tried to hook wink others out of real assets.

[rondog]

Quote:       Originally Posted by coyotehunter

what is junk silver? i wana invest in silver but not very much is junk silver a good way 2 go so i have quantity? plz help

"Junk" silver is typically old silver US coins, which are 90% silver, not pure. There's also silverware and silver serving sets, but that stuff's hard to find. People don't use real silverware much anymore, and most of the old stuff was sold off during the big silver boom way back when it ran up so high. That's one of the big points about holding silver today, there's just not much junk left to come flying out of the woodwork if the price goes nuts again.

Go to your local coin shops, and see what they have. Look for 1oz. to 10 oz. bars of pure .999 bullion, 1oz. .999 silver rounds, and old 90% silver coins. There's even places you can still buy the big cotton bank bags full of quarters, dimes, even half dollars.

Avoid "numismatic" type collector coins, much too high of a premium to buy, and resale value won't be squat. That's a whole 'nother aspect of things.

[jashoffa]

As a hedge agenst inflation gold is a poor choice now...the price is inflated due to the speculation and panic buying. As a means of currency in a SHTF situation gold will only be relivant if the SHTF situation is long term (total collaps) in the short term no currency would be good, bartering would be the only acceptable form of payment. Goods and services you need for the goods and services I need. In a survival situation only that which is needed to live will be acceptable to barter with and gold will have little if any value during the SHTF period. Now if one manages to make it through and society is rebuilt gold will again have value but how much value is hard to say. The value of anything is only what someone else is willing to pay for it. If you have $1000 dollars worth of gold today there is no way to know how much it will be worth after a SHTF situtation.

[Mooseman684]

Quote:       Originally Posted by rondog

Actually, Mike, pennies that are 1982 and earlier are pure copper, and worth saving just for the copper value alone. Newer than 1982 are copper-plated zinc, and aren't worth anything, other than 1 cent.

Actually , The new pennies made of Zinc are deadly when fired out of a Black powder cannon en Masse ! SO I save em for Cannon Fodder !!! LOL
Killer Cash...Pennies from Heaven...

[srt 10 jimbo]

I have an Italian wife. so I Invest in gold and diamonds.

[oldjarhead]

Quote:       Originally Posted by killer

I've tried my hand panning for gold in the Ruby Mountains of Nevada while deer hunting one year. There was what they called "fools gold" plentiful you could see in the streams. In a SHTF scenerio how would you know real gold/silver from fake? My parents always talked about the depression and some of the crooked deals that would go on as people tried to hook wink others out of real assets.

Fools gold is Iron Pyrite and can be identified by its flat smooth surfaces in a "nugget"; real gold in nugget form is awkward and 'jagged' looking or in small flake form.
Gold coins are softer than their silver counterparts and can be tested, if you will, by biting down on them to see if your tooth leaves an small impression...this is not recommended however...rough on the tooth and the coin. Weight is the best test for gold.
Rondog... speaks the reality. In a shtf senerio collector values are out the window so if you aren't a collector, don't pay the premium. Also be aware that dealers, even in bullion, will charge you a premium over the trend value so check trend before you buy so you don't pay too much.

[oldjarhead]

Quote:       Originally Posted by jashoffa

As a hedge agenst inflation gold is a poor choice now...the price is inflated due to the speculation and panic buying. As a means of currency in a SHTF situation gold will only be relivant if the SHTF situation is long term (total collaps) in the short term no currency would be good, bartering would be the only acceptable form of payment. Goods and services you need for the goods and services I need. In a survival situation only that which is needed to live will be acceptable to barter with and gold will have little if any value during the SHTF period. Now if one manages to make it through and society is rebuilt gold will again have value but how much value is hard to say. The value of anything is only what someone else is willing to pay for it. If you have $1000 dollars worth of gold today there is no way to know how much it will be worth after a SHTF situtation.

Very well stated.
SHTF commodities will be food, water, ammunition...not necessarily in that order but something everyone will need.

[jashoffa]

Quote:       Originally Posted by oldjarhead

Fools gold is Iron Pyrite and can be identified by its flat smooth surfaces in a "nugget"; real gold in nugget form is awkward and 'jagged' looking or in small flake form. Gold coins are softer than their silver counterparts and can be tested, if you will, by biting down on them to see if your tooth leaves an small impression...this is not recommended however...rough on the tooth and the coin. Weight is the best test for gold. Rondog... speaks the reality. In a shtf senerio collector values are out the window so if you aren't a collector, don't pay the premium. Also be aware that dealers, even in bullion, will charge you a premium over the trend value so check trend before you buy so you don't pay too much.

When panning for gold the "fools gold" floats away with the other sand and materials and the gold hangs up on the bottom of the pan. I saw it on a Gold Prospecting show on the outdoor channel. it was pretty neat to see. This of course is because "fools gold" is lite like the other materials and the gold is so much heavier than everything else.

[blueice]

Quote:       Originally Posted by killer

In a SHTF scenerio how would you know real gold/silver from fake? My parents always talked about the depression and some of the crooked deals that would go on as people tried to hook wink others out of real assets.

Anything in a large bar form becomes problematic....Coin have the advantage of being able to be weighed and measured, to detect blinks....

It is of the essence to have at least 10% of ones net worth invested in either coins or miners...

[coyotehunter]

hey rondog i was just wondering how much a 1776-1976 silver dollar is worth and are they 90% silver

thanks

[rondog]

Quote:       Originally Posted by coyotehunter

hey rondog i was just wondering how much a 1776-1976 silver dollar is worth and are they 90% silver thanks

It's worth a dollar, and no, it's a "sandwich" coin, with copper in the center. No silver coins since 1964. This doesn't include the Silver Eagles that are stamped as "ONE DOLLAR", those are .999 pure silver, and worth far more than one dollar, closer to 20. Those are collector coins, not for monetary useage.

[coyotehunter]

hey rondog thx 4 the info man how much is silver worth an ounce and how much are the silver rounds?

[pico]

You can get a spot price on all the precious and semi precious metals at www.kitco.com

Silver is really the way to go for hedging against inflation, and if you are wealthy enough to have gold, then you need to have the 1/10th ounce coins instead of the 1 ounce types. Anyway, silver at present should see considerable growth (no promises there), so I have at present much more of my percentage of metals in silver versus gold. Palladium is making big gains lately, so having some of that on hand as a pure investment might be wise for someone with a few thousand in Federal Reserve Notes doing nothing, but ammo is probably a better investment at present.

[rondog]

Quote:       Originally Posted by coyotehunter

hey rondog thx 4 the info man how much is silver worth an ounce and how much are the silver rounds?

It changes constantly, you'll have to pick up the phone and call your local coin shops. The hard part will be finding a place that actually HAS some silver for sale.

Just DON'T make the mistake of putting money into PAPER silver, where some place "holds" silver in your name, "so you don't have to ship it or store it". Big scam, you're just giving money to somebody to "hold" something for you that likely doesn't even exist. Very few reputable places doing that. One good place to buy silver on-line is Investment Rarities.

There's a LOT of things to learn about silver and the market, but basically, there isn't enough silver to meet the demands, and the price doesn't really reflect that supply/demand disparity because of huge futures traders keeping the price down via shady transactions. There's far more silver bought and sold on the futures markets than actually exists in world inventories. If they're ever held accountable for it and they have to back out of the markets or make good on their short positions, the price of silver could explode violently. Read up on the commentaries here... Investment Rarities Incorporated - Gold & Silver bullion and coins since 1973. Over 2 billion sold and delivered

Silver is different from gold, in the fact that silver has many industrial uses that there's no substitute for, and the users HAVE to have it. Our world would be very different without silver. Gold has a few uses, but is mostly valued for ornamental/jewelry uses. Check out The Silver Institute - Home

Gold is cool, but at some point, folks who have real, actual physical silver bullion stashed away may very well see tremendous profit potential from it. I'm not talking about SHTF nonsense, I'm talking about investing in something that could reap you outstanding gains. Kinda like meeting some young feller named Bill Gates back in the 70's, who was starting a computer business and was looking for investors to take a chance with him. But do your own research. Lotta good info here too. Gold-Eagle

[oldjarhead]

Quote:       Originally Posted by jashoffa

When panning for gold the "fools gold" floats away with the other sand and materials and the gold hangs up on the bottom of the pan. I saw it on a Gold Prospecting show on the outdoor channel. it was pretty neat to see. This of course is because "fools gold" is lite like the other materials and the gold is so much heavier than everything else.

That's interesting. I've only seen fool's gold in larger nugget form. Didn't even know if formed in flakes.
Thanks for the exchange.

[oldjarhead]

Quote:       Originally Posted by rondog

It's worth a dollar, and no, it's a "sandwich" coin, with copper in the center. No silver coins since 1964. This doesn't include the Silver Eagles that are stamped as "ONE DOLLAR", those are .999 pure silver, and worth far more than one dollar, closer to 20. Those are collector coins, not for monetary useage.

Just to add...there are no silver coins for circulation since 1964. There are now silver proof sets available since 1992. These are considered collector coins but make fairly decent investor items as well. The box will show 'silver proof coins'; if the box shows 'proof cons' they will be the clad issue and most likely are valued less than what you pay for.
Buying bars is ok but keep to the lower weight bars...1 oz.
Trying to liquidate a 10 oz or larger bar could prove difficult.

[rondog]

Quote:       Originally Posted by oldjarhead

That's interesting. I've only seen fool's gold in larger nugget form. Didn't even know if formed in flakes. Thanks for the exchange.

Lots of fool things come in flakes...I'm living proof!

[Cohn]

If it is even worth anything when the SHTF I will find someone with a lot of it and use my gun to steal it.

[Mooseman684]

Quote:       Originally Posted by rondog

It changes constantly, you'll have to pick up the phone and call your local coin shops. The hard part will be finding a place that actually HAS some silver for sale. Just DON'T make the mistake of putting money into PAPER silver, where some place "holds" silver in your name, "so you don't have to ship it or store it". Big scam, you're just giving money to somebody to "hold" something for you that likely doesn't even exist. Very few reputable places doing that. One good place to buy silver on-line is Investment Rarities. There's a LOT of things to learn about silver and the market, but basically, there isn't enough silver to meet the demands, and the price doesn't really reflect that supply/demand disparity because of huge futures traders keeping the price down via shady transactions. There's far more silver bought and sold on the futures markets than actually exists in world inventories. If they're ever held accountable for it and they have to back out of the markets or make good on their short positions, the price of silver could explode violently. Read up on the commentaries here... Investment Rarities Incorporated - Gold & Silver bullion and coins since 1973. Over 2 billion sold and delivered Silver is different from gold, in the fact that silver has many industrial uses that there's no substitute for, and the users HAVE to have it. Our world would be very different without silver. Gold has a few uses, but is mostly valued for ornamental/jewelry uses. Check out The Silver Institute - Home Gold is cool, but at some point, folks who have real, actual physical silver bullion stashed away may very well see tremendous profit potential from it. I'm not talking about SHTF nonsense, I'm talking about investing in something that could reap you outstanding gains. Kinda like meeting some young feller named Bill Gates back in the 70's, who was starting a computer business and was looking for investors to take a chance with him. But do your own research. Lotta good info here too. Gold-Eagle

Not true about GOLD RD, besides jewelry Gold may have a place in rebuilding the world in the aftermath, and re-establishing communications , etc.
Electronics use Lots of gold for transistors and other components as well as plating critical connections because gold doesnt tarnish like silver does...Gold will be tradeable as a Commodity when Paper is worthless. SO will silver at a lower Value than gold...Now if we get invaded by Werewolves , the price of Silver will skyrocket !!! LOL
Diamonds and pearls will be worthless pretty much...
Early on, The MOST valuable items if SHTF will be food and Water, fuel , Medicines, and Guns and ammo...but there is More of a chance of trading gold and silver later for those items needed than some form of paper...
My SHTF store will be well stocked and well Guarded...