tag:blogger.com,1999:blog-9159885928142195731.post1256102031136934901..comments2021-08-23T09:12:15.742-04:00Comments on The Po File: Rethinking SilverMasterPohttp://www.blogger.com/profile/07247333453805284751noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-9159885928142195731.post-17398966634372028752010-10-17T22:55:57.967-04:002010-10-17T22:55:57.967-04:00Gold is most often purchased by the oz, but (junk ...Gold is most often purchased by the oz, but (junk silver) not so much. I wouldn't buy silver (or gold) for face value or post-SHTF barter either. Rather as a hedge against inflation. I have a couple of posts that expand on that; <br /><br />http://suburbansurvivalist.wordpress.com/?s=silver<br /><br />Bottom line; silver (and PMs) are a good hedge against inflation, right up until TEOTWAWKI. Then, IMO, they won't be worth much for a long, long time. Have to unload before TSHTF and convert into something that will be needed (food, fuel, med, etc.). Also praying we don't go there. <br /><br />Silver dollars (and junk silver generally) are well recognized and draw a slight premium above spot price. I've been going with Franklin halves, which have a small fraction less silver content but are recognizable and retain value well.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9159885928142195731.post-27317853026980691542010-10-17T22:35:56.407-04:002010-10-17T22:35:56.407-04:00SS - Mathemtatically you're right.
However it...SS - Mathemtatically you're right.<br /><br />However it's very difficult to buy <i>exactly</i> $1,000 (or any denomination) of metal. Much more common to buy by the ounce.<br /><br />MasterPo isn't suggesting gold coins for the face value. A dollar is a dollar is a dollar. If the U.S. curreny is down the tubes it won't matter if your dollar is in paper or metal - the dollar is still worth trash. But the value of the metal will be more than the paper. That's the point.MasterPohttps://www.blogger.com/profile/07247333453805284751noreply@blogger.comtag:blogger.com,1999:blog-9159885928142195731.post-48989359706462148062010-10-17T22:27:27.028-04:002010-10-17T22:27:27.028-04:00MasterPo doesn't know either if things will ge...MasterPo doesn't know either if things will get that bad (and prays it doesn't!).<br /><br />But most reasonable people have been in gold or silver (or platinum) for many years long before now to at least some extent so you can't blame Beck and Limbaugh.MasterPohttps://www.blogger.com/profile/07247333453805284751noreply@blogger.comtag:blogger.com,1999:blog-9159885928142195731.post-72574114821974046632010-10-17T13:42:38.074-04:002010-10-17T13:42:38.074-04:00Gold vs. silver profit example should be $1,000 of...Gold vs. silver profit example should be $1,000 of gold and $1,000 of silver, rather than 1oz of each, in which case a 20% increase in value is the same. <br /><br />IMO the main advantage gold has over silver is size; a few hundred dollars face value of silver coin (or equivalent amount in bullion, rounds, etc.) gets hefty fast. <br /><br />I've been buying silver since early last year and am putting some away every couple of months.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9159885928142195731.post-21269392318410269232010-10-16T11:26:43.643-04:002010-10-16T11:26:43.643-04:00Make sure you buy your coins on the market. You wi...Make sure you buy your coins on the market. You will quickly find that a silver dollar is not worth all that much unless it is in mint condition. <br />Since I don't think the US economy will get to bartering in gold or silver- if I invest it would go to silver mines. But I am not investing there:>) The run is up and now buyer are just making Glen Beck and Rush Limbaugh more wealthy.Janettehttps://www.blogger.com/profile/10054888725603183006noreply@blogger.com