[rondog]

I did say that gold has some uses, but silver has far more of them. It's the best conductor of electricity, the best reflector of light, and a very safe and effective germ killer. There's more, but I can't remember them and don't have time to look 'em up. Pretty much everything electronic and electrical has silver in it, and most research into superconductors involves silver. Gold is a good conductor, and there's that whole tarnish thing, but silver is a far better conductor. The Silver Institute goes into better detail about the uses than I ever could.

I personally don't buy into the whole SHTF and "bug-out" nonsense. If something like that happens I don't care to be around to try and struggle to survive in the aftermath, I've suffered enough in this life, thank you. But I am interested in silver as an investment vehicle for the here and now, the short-term possibilities for profit are very intriguing. When I first got interested in it around 2000 or so, it was approx. $2.50 an ounce. It's now $18 an ounce. I used to have a 100oz. bar that I bought for $285, it would be worth $1800 now. I'm no math whiz, but that's a pretty good return IMO, and it hasn't even begun to take off yet. I've got some stashed and I'd buy more, but it can be pretty hard to find.

If the giant commercial short sellers ever stop their nonsense, it'll explode, but they're in it too deep to let it get away from them and the mess is so big the CTC won't touch it. So says all the analysts that I've been reading.

[coyotehunter]

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

well i agree on not getting too worried about a shtf scenario but if the economy goes down completely then would you consider that a shtf? also i dont have any stores close to me at all so is it ok to buy off the net? or is it to risky? also on those sites u gave me idk what im looking at lol but thx... whats the difference between 1 oz. rounds and 1 oz. bars? and what is bullion

[binabik]

I was gonna buy a 2 or 3 oz of gold just because they were worth 450, however i didn't have any money then so i wasn't able to, next time i checked when ihad the money it was over 1k per oz and so i had to pass that up. now i am broke again so i doubt i will get any any time soon but i love how the 1 oz gold bars look so i would get it just for that if it was inexpensive enough

[oldjarhead]

Not to worry yet.
In the war between us and zombies...garlic will be the commodity of choice.
Buy now while the price is low.

[jashoffa]

I thought garlic was for vampires?

[LakerDad]

I still like collecting lead, brass, copper and other bullet related items
You can't go wrong with having garlic around, lol...having plenty of these around for those unexpected guests, is a must.

[M14man]

Lead, bullets,powder,primers....

[oldjarhead]

Quote:       Originally Posted by jashoffa

I thought garlic was for vampires?

I think it works for both...haven't check that out yet but when I do I'll let you know...lol
I know that Vincent Price as the Last Man on Earth hung it on his front door to keep the zombies at bey.
Isn't it a cross that stops vampires?

[jashoffa]

I don't know but I guess enough garlic would keep anyone away.

[testhop]

Quote:       Originally Posted by sbowers5

I bough mine in the from of 1oz gold coins and they were sent directly to me, they are $50 gold Eagles and I was fortunate to get in when gold was $425 an oz. So i have my gold stored in my bank box Steve

steve
what happens if the banks are closed (like a bank holiday that never reopen)

[testhop]

my stockbroker says to buy guns ammo and can goods for metal investment .

[Johnnycat]

Since our last discussion Gold and Silver have continued to increase in price. Today prices dropped a little so I jumped in with mostly junk silver, some silver rounds, little gold bullion.

I have some food, water, and bullets. Now I have currency.

I figured if nothing else the prices will likely continue higher with the current mess of a budget being presented - so it's a hedge against inflation and an investment.

If it comes to total economic meltdown/SHTF silver/gold won't be useful initially, but as these stabilize a little it will become important. I intend to survive the initial onslaught, so having some of the silver around will likely come in handy.

[ZombieHunter]

Quote:       Originally Posted by sea_chicken1

Burry it near where you plan to g incase of an emergency and write down the gps location.

If I were you, I'd draw a map instead...

[alwaysaz]

Quote:       Originally Posted by testhop

my stockbroker says to buy guns ammo and can goods for metal investment .

We must use the same guy, although for my specific needs he suggests "bullets, beans, and band aids"

Every time I hear about how precious medals are a "can't miss" it reminds me of the real estate talk in 2005. "Real estate has never lost value" "They aren't making any more land." Etc... Check out a trend over past 10 years. I thought about buying it when it was on its way up at around $500 an ounce, but did not pull the trigger.

Now, I am okay to pass on an opportunity for growth. I can see a stock market recovery, (or dead bounce) as a possibility, with a rapid sell off of gold.

[rondog]

This is a current 10-year chart of gold prices.



This is a current 10-year chart of silver prices.



As you can see, there's been a lot of volatility, ups and downs, gains and corrections. But, the overall 10-year trend is steadily UP for both. If you see a big sell-off in one of these markets, that's not the time to sell and flee, that's the time to jump IN! Corrections, or sell-offs, are normal in strong bull markets. A common correction move will typically back up approximately 50% of the previous gains.

If you see a sell-off occurring, and it reaches the 50% point of the previous run-up, it's time to buy. Both appear poised for a correction, but it's very hard to predict.

[Dragunov]

If I invest in silver, it would be to mould silver bullets in case werewolves attack at the same time as zombies.

[srt 10 jimbo]

My Wifes Italian , so It's Diamonds ,Diamonds and more Diamonds!

[Dragunov]

Quote:       Originally Posted by srt 10 jimbo

My Wifes Italian , so It's Diamonds ,Diamonds and more Diamonds!

Diamonds are too hard on a rifle bore.

[blueice]

SPOT MARKET IS OPEN
closes in 17 hrs. 47 mins. Feb 07, 2010 23:28 NY Time Bid/Ask 1066.40 - 1067.40 Low/High 1063.30 - 1072.00 Change +1.40 +0.13% 30daychg -71.70 -6.30% 1yearchg +151.90 +16.61% Charts...

The wife and I recently took positions in miners, about two weeks ago (1151 gold) and have lost 20% of our of our investments...

[moosemike]

Quote:       Originally Posted by rondog

Silver and gold will be more useful in a currency/market crash/financial crisis scenario, rather than a SHTF scenario. Which, IMO is actually more likely than SHTF. At least that's the direction our gooberment has been merrily skipping towards for many, many years. It would take a lot to send the human race back to savages.

Well said.