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Post by Nighthawk on Sept 24, 2014 14:18:01 GMT 10
With many believing that global economic collapse on a catastrophic scale is inevitable, is anyone here buying gold and/or silver, both of which are widely tipped to show a dramatic increase in value in the coming years?
On the one hand, I don't see precious metals having much practical value when it comes to needing to barter for goods in a post-SHTF world, however if it meant keeping the banks off your back during a new Great Depression/Recession then perhaps it is worth looking at.
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Frank
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Post by Frank on Sept 24, 2014 16:28:39 GMT 10
I am not collecting precious metals, but can see the value in it (gold would be far preferable to silver though). In a complete SHTF situation a lump of gold may not be worth much for bartering, but as you mention, if it holds or increases value could be handy in keeping banks off your back. I wouldn't mind having a stack of gold that had been bought in the 90's and selling it at todays prices.....
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remnantprep
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Post by remnantprep on Sept 24, 2014 16:51:14 GMT 10
We are!
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Post by You Must Enter A Name on Sept 24, 2014 19:47:26 GMT 10
I am not collecting precious metals, but can see the value in it (gold would be far preferable to silver though). In a complete SHTF situation a lump of gold may not be worth much for bartering, but as you mention, if it holds or increases value could be handy in keeping banks off your back. I wouldn't mind having a stack of gold that had been bought in the 90's and selling it at todays prices..... lol agreed. in the year 2000 it was worth about $280 U.S to the ounce now it is about $1200 U>S to the ounce, and at one point in 2011 it got up to $1500 U.S to the ounce. Even most land doesn't increase in value that much that quick
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SM+?
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Post by SM+? on Sept 24, 2014 22:37:12 GMT 10
I'm collecting both metals and gem stones, the rarer the better. Years ago whenever I was a kid there was a lot of turquoise so many people didn't see the value in it, but now it's hard to come by and the price for it is high. You can get the fake crappy turquoise but I talking the real deal stuff that's true turquoise, also it may be worth collecting some of the other metals too like copper, bronze and so forth.
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Post by thereth on Sept 25, 2014 0:15:35 GMT 10
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Post by Nighthawk on Sept 25, 2014 1:58:58 GMT 10
You can get 1oz bullion bars out of the US for the same price as the base rate from that website, and would need to buy a kilo of the stuff for their discount rate to start kicking in.
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Ammo9
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Post by Ammo9 on Sept 25, 2014 2:54:10 GMT 10
I place more value in steel, brass, copper and lead.
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Post by thereth on Sept 25, 2014 2:54:22 GMT 10
tbh i havent even thought of looking overseas, i will though.......
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remnantprep
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Post by remnantprep on Sept 25, 2014 8:50:07 GMT 10
Coins are a good way to go! Florins before 1946 contain 80% silver, and up to 1966 they contain 40%. In 1966 round 50c coins contained 80% silver. We are looking at some gold sovereigns as well which contain about 1/3 oz of gold!
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Post by Nighthawk on Sept 25, 2014 8:51:11 GMT 10
I'm picking up 1oz bullion bars off the US ebay site for between US$19-$21 each.
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remnantprep
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Post by remnantprep on Sept 25, 2014 8:53:38 GMT 10
Bullion would more likely be confiscated by the government! You would need to hide it at home. Coins are already in a tradable format.
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Post by Ausprep on Sept 25, 2014 18:40:22 GMT 10
Just brass and lead.
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Post by Nighthawk on Sept 25, 2014 18:51:33 GMT 10
I've got plenty of that as well
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Post by thereth on Sept 25, 2014 18:58:38 GMT 10
NH, can you send me a link to your ebay seller? all the ones i founf are either $80US+ or silver 'plated'
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Post by agriculturalprep on Oct 23, 2014 21:43:37 GMT 10
Hey guys,
I am collecting some, try to keep it about 5% of what i make more to ensure my money doesn't loose all its value not so much for barter and trade, i have smaller silver coins if needed.
But investing in productive land and in things people need not want! Agriculture and food are so vital and important, we are already facing a global world food shortage and people who don't believe that need to understand that by 2050 worlds population is expected to be at '10 billionish' and every year we fall 5% behind on the reality of feeding that many people in Agriculture, if you can grow your own and trade people will be lining up eventually to trade for food.
Smart investment if you think about it. I am looking for a link i will share tomorrow probably, really good stuff.
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Post by thereth on Oct 23, 2014 21:54:18 GMT 10
hey ag, i agree with you in principle, but it is far easier to spend a couple hundred getting a few ounces of silver then buying hundreds or thousands of acres, that is obviously what a lot of us aim towards but it is a long process and things like precious mtal collecting allow us to prepare for something that happens before we are able to purchase land.
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Post by pheniox17 on Oct 23, 2014 23:45:09 GMT 10
I support the concept 100% my funds currently restrict this side of my prepping plans (I have too many different things going at the moment)
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Ammo9
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Post by Ammo9 on Oct 24, 2014 0:23:56 GMT 10
I'm coming around in terms of buying precious metals. What's with all the hassle to register to buy them from Perth mint...
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Post by pheniox17 on Oct 24, 2014 1:13:33 GMT 10
Apparently there are other traders at
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