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Prepared for Alaska!? Are you prepared? How have you hedged your bets for survival in Alaska? All threads related to being ready for the worst Alaska has to dish out belong in this forum.

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Old 12-03-2010, 04:38 PM   #1
brokentoy
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Default Stocking up on Silver and Gold?

Precious metals, particularly silver at this time, seem to be the best hedge against the devaluation of our currency. What are you doing to prepare for the rapid inflationary period we seem to be entering? Thoughts?
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Old 12-03-2010, 09:47 PM   #2
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Default Re: Stocking up on Silver and Gold?

this is the wrong time to stock up on precious metals, particularly gold. prices are so ridiculously overinflated that they are bound to fall just like the overinflated housing market down south the past year and a half, and alaska is just starting to do.
but what do i know?
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Old 12-04-2010, 09:13 AM   #3
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Default Re: Stocking up on Silver and Gold?

it would be cheaper to stock up on brass and copper to allow you to take other peoples gold & silver.

at least thats how I see it.
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Old 12-04-2010, 11:29 AM   #4
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Default Re: Stocking up on Silver and Gold?

how would stocking up on brass and copper allow you to take other peoples gold and silver? The all time high for silver, adjusted for inflation, is about $138 in todays dollars. That high was reached during a period where there wasn't a multi-trillion dollar deficit, a government still printing money, an expected economic collapse in the near future, a couple very expensive wars being waged simultaneously, a liberal socialist in the white house and an overall feeling that "something bad is going to happen". I think silver still has a long uptrend and could turn some middle class people into upper middle class people in a couple of years.
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Old 12-04-2010, 04:05 PM   #5
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Default Re: Stocking up on Silver and Gold?

Do what you want but I agree that silver and gold are over valued. I cashed out on mine a few months ago. Buy tangible assets that have a use and store easy. Read what you want into that. SHTF, you can't eat gold and you cant kill game with silver unless you drop a brick on it)
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Old 12-04-2010, 09:20 PM   #6
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Default Re: Stocking up on Silver and Gold?

My dad always told me to buy low, sell high, and marry rich. The prices are too high right now to buy.

There is validity in wanting to get some gold though. If and when paper goes away.
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Old 12-04-2010, 09:38 PM   #7
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Default Re: Stocking up on Silver and Gold?

Useful assets will be just as valuable as gold (If not more so) if that time ever comes...

As already mentioned... you can't eat gold to survive... you can't use gold as a weapon to hunt with... you can't use gold as a fuel.... you can't use gold as a shelter... and so on, so forth, etc...


God forbid the real hard times come.... maybe we'll be lucky and go back to a gold standard for our currency on the up swing... but in the meantime... there are MANY more "Valuable" things you could be spending your money on than gold to prepare for volatile times... IMO.
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Old 12-05-2010, 09:11 AM   #8
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Default Re: Stocking up on Silver and Gold?

Spot on Tony- had a long convo with my Dad about this too and in the end he agrees with not only the currency of Ammo in the future but either long-term storage or componant storage. The later being a bit more difficult logistically but will ensure someone never gets "all" or "complete" assets from you.
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Old 12-05-2010, 10:40 AM   #9
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Default Re: Stocking up on Silver and Gold?

Silver I have been buying is up about 60% since I started. But I am holding off for now on buying more.

And using your "brass and copper" to take anothers silver is a bad idea. Oh, and wrong as well. May as well be shopping for a pine box.
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Old 12-05-2010, 12:05 PM   #10
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Default Re: Stocking up on Silver and Gold?

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Originally Posted by spnknu View Post
it would be cheaper to stock up on brass and copper to allow you to take other peoples gold & silver.

at least thats how I see it.


Dr. D,

That is a very real sentiment though, wouldn't you agree? So we could speculate all we want about what would be the more valuable commodity to stock up on for future endevors but the reality is you must be able to defend said gold or silver.

Like quoted above- a lot of people will be thinking that way...

*But, if I had to choose I'd say Silver too, not only can you barter with it as a precious metal but also is invaluable chemically for treatment of burns, antibacterial medicines and High Explosives.. Gold...nah, keep your chains Mr.T.
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Old 12-05-2010, 12:27 PM   #11
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Default Re: Stocking up on Silver and Gold?

On a list of priorities, precious metals is pretty much on the second page of my list, if on it at all... I mean really... wtf are you going to do with it? Sell it? Barder with it? Hord it? In bad times, people aren't going to have any money, and if they are REAL bad times, you will not be able to barder with it either...


If it was me... I would sell my gold for cash while I still could... and go buy things that are useful (Food storage, ammo/guns, tools, fuel of any kind, generator, crappy motorhome or trailer, etc.) in a real situation...

Didn't anyone ever see Mad Max: The Road Warrior? There was no gold.... it was Ammo, Gasoline, and food. I realize it was just a movie, but the basics of that scenario are possible, and become more possible all the time. I remember being in Russia for a hockey tourney shortly after the fall (93 or 94) of the USSR, and there was a transition period where the Gov didn't provide ANY services to the public. Traffic lights didn't work in heavily populated areas, there were no cops to speak of (Certainly no cop cars), vehicles were a priceless commodity (Along with fuel), and it was like that for YEARS in some areas....

As far as using your "brass and copper" to get gold.... I'm not sure that would be a good means to get anything. I am not nieve to the fact that some people will find that out the hard way though...
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Old 12-05-2010, 02:23 PM   #12
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Default Re: Stocking up on Silver and Gold?

I have read where people talk about all then need is a long distance rifle to get what they need. I society gets to that point then I think were all screwed. In all reality if a collapse does come local governments will still be present and I don't know about you but I think I would offer my time free of charge to help maintain order at least at a local level.

I dont think this thread was meant to be a wwyd in a shtf situation so to restate what I said earlier. You cant eat metal but you can sure as hell use lead, copper and brass to get you a tasty piece of raw meat. My thought is that once you start seeing commercials offering to sell you gold/ silver it's already to late.

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Old 12-05-2010, 11:07 PM   #13
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Default Re: Stocking up on Silver and Gold?

People were telling me the same stuff when I started collecting gold nuggets and gold coins from 2001-03. "The price is too high!" . I bought 53 troy ozs total for prices between $300-400 a oz before I quit. Now it's at $1400 something a oz. I see no reason to sell or buy anymore now. If the worst did happen I'd rather be standing with a bag of gold there, than be the guy there who guessed it wouldn't be worth anything.
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Old 12-06-2010, 05:13 AM   #14
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Default Re: Stocking up on Silver and Gold?

Precious metals are a good semi-static, tangible purchase for diversity in a financial investment portfolio.

However, you have things wrong with it:

You have a static, tangible, piece of metal. Nothing more, nothing less. This means that you have to be willing to part with some of your metal. You will also have to find someone who is willing to take your metal.

In the short or long term events: Like any investment other than actual gear, equipment, training, or real supplies... you don't have any of the above.

Gold may have high value to those who like it, want it, or will accept it in trade, but gold will not keep you warm. Gold will not put food on your table. Gold will not protect you. The fact of the matter is that in any sort of a SHTF situation, someone has what YOU want... guess who's not going to get $1,400 worth of supplies for an ounce of gold (spot price)

If you really do have all your supplies, training experience, weapons, ammunition, and reserves of everything to keep running in comfortable austerity for you and your family... then yes, I would say putting gold or silver as an investment form in a diverse plan (multiple eggs, multiple baskets) would be prudent... but only after you have all of those things covered.
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Old 12-06-2010, 09:59 AM   #15
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Default Re: Stocking up on Silver and Gold?

The intention of this thread was to generate discussion on the use of precious metals as a hedge against coming inflation and rough economic times. In a true doomsday scenario, beans, bullets, band-aids and your bible will be far more valuable than any PM's. I started buying small amounts of silver last year at around $12/oz. Today's high was was $30.05.

All economic indicators point to rough years ahead. I think that a $100 bill will buy you the equivalent of $20 worth of groceries in today's dollars. There will still be an economy and a sad looking stock market. Precious metals prices will rise against inflation because people won't want to sit back and watch their paper assets waste away to nothing-they'll turn to tangible assets that hold their value and can be liquidated to buy food, gas, etc.

I'm choosing silver because I believe it has higher upside potential than gold and is more desirable as an industrial metal.

From a Christian perspective, the highest priority item on anyones list should be eternal security by placing your faith and trust in Jesus Christ. We can prepare for the end of the world with a Warren Buffet budget, but we're still going to die some day-and you'll spend eternity some where.
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Old 12-12-2010, 02:18 PM   #16
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Default Re: Stocking up on Silver and Gold?

wait for the value of the euro to drop, it will bring the value of the american dollar back up for a while thus bringing the price of silver and gold back down for a while. dont buy on the upswing, buy on the downswing. that goes for just about any commodity actually. my $.02
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Old 12-13-2010, 01:29 AM   #17
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Default Re: Stocking up on Silver and Gold?

when stuff really hits the fan and our goverment is no longer working in our favor , you need something thats tradeable .. like cheap guns, ammo and if you need gold something with street currency like necklaces rings .. someone on the street knows what its worth gold coins you will loose your shirt and its not taxed when turned in .

raw gold is not currency till its turned in but hard to trade on the street . gold jewlery already has a street value wich is tradeable and not traced .

mre's when i was overseas have a great value , ammo , even car parts ..all things that very hard to get with no money ..
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Old 01-03-2011, 10:19 PM   #18
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Default Re: Stocking up on Silver and Gold?

Lookie, silver is toying with $31/oz these days. Good way to protect any cash in your bank account from inflation. Food prices have been rising steadily at about 7% monthly. I'm also buying double when we hit up costco...food
on the shelf has a better yield than any savings account right now.
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Old 01-06-2011, 07:10 PM   #19
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Default Re: Stocking up on Silver and Gold?

Had a discussion with a doctor today about what he is doing, he has been buying silver and expects it to double in price within 60 days. He as bought diesel for a two year supply. Yes, he knows what precautions to take for successful storage. Financial experts are predicting $125/ bbl oil by this summer.
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Old 01-10-2011, 06:48 PM   #20
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Default Re: Stocking up on Silver and Gold?

Silver should at the least double soon. What I've learned is that when you seen PM's rising it is actually your dollar losing value. When silver hits $60, your $60 cash will buy you the same amount of groceries you can get now with $30 cash while silver is about $30/oz.
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Old 04-07-2011, 07:42 PM   #21
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Default Re: Stocking up on Silver and Gold?

Hey look, silver just hit $40/oz.
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Old 04-07-2011, 09:03 PM   #22
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Default Re: Stocking up on Silver and Gold?

Quote:
Originally Posted by brokentoy View Post
how would stocking up on brass and copper allow you to take other peoples gold and silver? The all time high for silver, adjusted for inflation, is about $138 in todays dollars. That high was reached during a period where there wasn't a multi-trillion dollar deficit, a government still printing money, an expected economic collapse in the near future, a couple very expensive wars being waged simultaneously, a liberal socialist in the white house and an overall feeling that "something bad is going to happen". I think silver still has a long uptrend and could turn some middle class people into upper middle class people in a couple of years.
I just started reading this thread and although I like silver a lot and always have. (invested my 3rd or 4th dividend in silver in the mid 80's at the age of 15 and did ok. ). I thought I should point out that the reason the inflation adjusted all time high of silver was $138 was because the Hunt Brothers cornered the market in late 1979 and early 1980. They ultimately lost 1.1 billion dollars (about 3 billion in todays dollars) and had to be bailed out by New York Banks when silver dropped from about $50/oz to less than $11/oz in a matter of months.

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Old 04-11-2011, 04:28 PM   #23
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Default Re: Stocking up on Silver and Gold?

True about the Hunt brothers, only the circumstances today are entirely different. The explosion in PM prices isn't driven by market manipulation, but by the pending collapse of the US dollar as the world reserve currency and hyperinflation caused by nonstop money printing and overborrowing. Soon our country won't be able to afford the INTEREST on our loans and the rise of PM's in US dollars will just reflect the devaluation of our currency and our loss of purchasing power.
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Old 04-11-2011, 06:07 PM   #24
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Default Re: Stocking up on Silver and Gold?

I'm not saying don't buy silver, just that one of the reasons you mentioned for buying it was that the inflation adjusted high for silver was $138/oz. Implying that it's relatively cheap today.

I just wanted to point out that it got that high because of market manipulation. In reality if you take the hunt brothers transactions out of the loop, silver is pretty close to it's inflation adjusted all time high today.
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Old 04-13-2011, 12:34 PM   #25
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Default Re: Stocking up on Silver and Gold?

Quote:
Originally Posted by spnknu View Post
it would be cheaper to stock up on brass and copper to allow you to take other peoples gold & silver.

at least thats how I see it.
So your "plan" is to be a looter like those ******* in the Los Angeles and New Orleans riots? And take, by force, from those weaker than you? 'Cause it's cheaper? Wow, that's really despicable.
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