GasGuzzler
Hawkeye
Yet another topic no one should answer. Too many people watching to tell what you're doing.
Gold and Silver
- Thread starter krw
- Start date
GasGuzzler
Hawkeye
Why type in BOLD?
'I can sell my stocks/bonds, etc., in two days at most.'
Sell them for what? Paper money or a bank account that is equally worthless??
Sell them for what? Paper money or a bank account that is equally worthless??
Star43
Hunter
Sure you can sell your stocks and bonds....now, when things are somewhat normal, but when it is SHTF time, good luck then trying to sell your stuff then with ALL the other people trying to do the same thing......at the same time.....good luck.
Why ask? If it irritates block me!
![Pampers Sensitive Baby Wipes, Clinically Proven, Fragrance Free, Unscented, Water Based, Hypoallergenic, Multi-Use, Hand Wipes 336 Wipes Total (6X Flip-Top Packs) [Packaging May Vary]](https://m.media-amazon.com/images/I/41KLBHu9CAL._SL500_.jpg)
Why not?
Bad Barlow
Blackhawk
Bold lettering is regarded as shouting, if you're a shouter, go for it.
I couldn't care less, just FYI
What number is that in the official book of rules! I have often heard from scholars that ALL CAPS is considered as shouting in text form! Never heard that claim about bold type! Once I see it in the official book of rules, I'll still not really care!
What is this thread about again? I lost track.
David Lee Valdina
Single-Sixer
Performing assets work the best. Real estate is the best hedge against inflation. If you live in a state with favorable landlord/tenant laws, owning rental property is the very best, provided you can do your own work necessary.
Gold and Silver! The pros and cons. You most likely will never buy gold or silver at spot unless you deal with an every day civilian who is pressed the sell and knows the gold & silver buyers usually will pay below spot! You will usually never sell above spot unless deal with an every day civilian who doesn't want to mess with dealers and coin shops. So, you are caught in between the dealers who buy and sell metals. They make money by doing this.
I've seen a lot of online promoters who list site(s) that want to sell you 3rd party "premium" collectable silver and gold objects that are slabbed and graded products that are greatly exaggerated as to their rarity and value! You start out in the hole and will most likely remain there. I have stated this on one of these sites and have had my posting privileges limited. Wonder why???? LOL!
I have bought coin silver for years as close to melt value as possible. I have bought other government minted metal rounds at lower than current spot pricing. It's all set up to where the average citizen loses a bit whether buying or selling IMO!
I've bought it and sat on it. Over the long-haul, I believe that metals with retain more value than paper backed by our governments. Even lead, when manufactured into ammunition will hold or gain value in bartering situations.
I'm just and everyday Joe and not a financial advisor but I believe things will go sideways soon enough and any cash I have (in the bank or otherwise) will become almost worthless. I very well could be wrong about all this.
Good luck to everyone! I wish you the best!
I've seen a lot of online promoters who list site(s) that want to sell you 3rd party "premium" collectable silver and gold objects that are slabbed and graded products that are greatly exaggerated as to their rarity and value! You start out in the hole and will most likely remain there. I have stated this on one of these sites and have had my posting privileges limited. Wonder why???? LOL!
I have bought coin silver for years as close to melt value as possible. I have bought other government minted metal rounds at lower than current spot pricing. It's all set up to where the average citizen loses a bit whether buying or selling IMO!
I've bought it and sat on it. Over the long-haul, I believe that metals with retain more value than paper backed by our governments. Even lead, when manufactured into ammunition will hold or gain value in bartering situations.
I'm just and everyday Joe and not a financial advisor but I believe things will go sideways soon enough and any cash I have (in the bank or otherwise) will become almost worthless. I very well could be wrong about all this.
Good luck to everyone! I wish you the best!
Last edited:
- Joined
- Apr 3, 2012
- Messages
- 10,875
There will come a time when golds only value will be using it as a substitute for lead.
Didn’t Einstein say something to the effect of:
“I don’t know how they will fight the 3rd world war; but the 4th world war will be fought with sticks and stones.”
Something like that anyway.
“I don’t know how they will fight the 3rd world war; but the 4th world war will be fought with sticks and stones.”
Something like that anyway.
Star43
Hunter
Hiii Yoooo Silver Awaaayyyy. !!! 
The reality is that dramatic market declines happen slowly, then suddenly. Who here is sage enough to accurately predict when a slow decline portends a collapse? The market mavens don't.
Most disgusting are the market gurus at Morningstar, etc. (all of whom are under 50 years old and highly compensated) who continued to shill "undervalued but great performer" stocks even in the midst of the recent catastrophic collapse. If you're 30-40 years old, perhaps you have the time and stomach to allow your savings to climb out of that hole. But retirees can't wait that long - we (a) must take RMDs from our 401k's, (b) must spend our retirement savings at their very depressed values, and (c) are very reluctant to get back into the equities markets for fear of further losses.
I'm in that "retiree" camp. I fired my "personal investment advisor" (Schwab), cashed in all of my equities in 2022 (taking a 15% hit) and put all of my holdings in T-bills, spacing them in 3-month "laddered" maturities so I can frequently either buy more T-bills or dip my toe back into the equities market. Employing that approach, my 2023 portfolio returned 5%, and during that same time frame the DOW industrials returned 5.3%. I know, the S&P 500 offers greater returns, but it also takes greater hits.
Married wage earners who have children in, or about to enter college are in a real pickle. If they (as I did) intend to pay for their kids' college degrees, what can they do? I paid for 3 bachelor's and 2 master's degrees out of savings and current earnings (no borrowings and no student loans for any of my kids). But that was 15 years ago. I doubt I could do that in today's business climate.
The Magnificent 7 would have been a great bet early in 2023, but who knew? [In fact, the term "Magnificent 7" wasn't even coined until those 7 stocks already achieved much/most of their gains.] Right now those stocks are overvalued. If the recession that market pessimists predict for 2024 actually occurs, those Magnificent 7 stocks wouldn't look attractive at all.
In my experience, most market "experts" are folks who, solely by looking in their rear-view mirrors, tell you what you SHOULD HAVE DONE. Unfortunately, those same experts failed to give advice that PREDICTED those dramatic returns.
Face it, the stock market is nothing other than a Las Vegas casino. As a retiree, I'm compelled to play (thanks to high inflation) so I place low-risk bets.
Star43
Hunter
You paid for all of those degrees out of savings? Most guys could not or even want to do that. Your kids are lucky to have a dad like you....I agree 100% that these so called financial experts aren't worth a salt. Yes, all I ever heard was "you should of done this or should have done that" Who really knows what is going to happen or what to do, as life is a crap shoot. And yes, the stock market can be like a Russian roulette. Another reason not to trust the Russians. Any way, I agree with being as conservative as you can, to play it a little safe and hope for the best. To me, to spend a whole lot of money on Gold or platinum, or diamonds and rubies, etc. makes NO sense to me. To me, one can't go wrong with the so called "junk silver" as a good back up. Silver will always be considered as a monetary item as it was used for centuries and centuries. Also, you can hold it and touch it .....it is real. Good luck !!
Problem with Ebay are the fees for selling. Then if they use PayPal, more fees to get your money.
GasGuzzler
Hawkeye
PayPal is not the form of payout from eBay any longer. eBay pays out via bank draft. You might be able to force a PayPal payout but there would be no point in adding the fees. Buyers can still pay using PayPal, but the seller doesn't pay the fee. eBay does still charge their commission. Doesn't bother me as I usually only sell things I do not have a cost in. eBay buying and selling of precious metals can be rewarding but buyer beware.
Star43
Hunter
Personally, I have never had much luck at any pawn shop near me ALL wanted way too much money. To me, look for a coin shop near you or in your general area. I used to go to one right in my town. He was a great guy, but passed away and his family closed shop. Now I go to one about 30 minutes away and buy silver from a very nice guy. Just go check other shops. I checked out a few I would not want to go back too. But I like this shop & he is very fair price wise. It's worth trying to find a nice shop around you. That way you can see it and touch it and buy it, and at a fair price.
GasGuzzler
Hawkeye
I don't think coin shops are common everywhere.
Star43
Hunter
They sure are in the Central Valley in California. Go online and look. You may have to drive a little to go see them......but they are there.
Yes, Costco was selling one ounce bars. The actual physical gold. High demand.
re: One Second After. True enough but that's "Stage One" of a disaster. In the immediate aftermath of some kind of collapse, food, medicine, and security are the bigs. Nobody wants your gold or silver. But Stage One will pass. Small local markets will spring up. Mostly barter... but it gets difficult to buy a bag of vegetables for a chicken. So the odds are that such a "post-collapse" society would start using junk silver for their day to day market activities. Those pre-65 quarters, dimes, and half dollars will be back in use. If that time continues and there is still no viable banking system... things are REALLY bad... then it is logical that something like one ounce bars of gold will be in use as the traditional "store of value" and/or for very large purchases. Like buying land or a building, etc.
As a person who very strongly believes in big time diversification, I do own gold and silver. Not a huge amount... less than 2% of my investments. But I also own a big chunk of real estate (90 acres) as well as <5% in crypto. Then bonds, then stocks. We are retiring this spring and then moving to Cuenca, Ecuador next summer. The success of my investments is what allows us to move to our dream city. Where the cost of living is actually much lower... so we will be able to continue to live at low cost and let our investments continue to grow.
re: One Second After. True enough but that's "Stage One" of a disaster. In the immediate aftermath of some kind of collapse, food, medicine, and security are the bigs. Nobody wants your gold or silver. But Stage One will pass. Small local markets will spring up. Mostly barter... but it gets difficult to buy a bag of vegetables for a chicken. So the odds are that such a "post-collapse" society would start using junk silver for their day to day market activities. Those pre-65 quarters, dimes, and half dollars will be back in use. If that time continues and there is still no viable banking system... things are REALLY bad... then it is logical that something like one ounce bars of gold will be in use as the traditional "store of value" and/or for very large purchases. Like buying land or a building, etc.
As a person who very strongly believes in big time diversification, I do own gold and silver. Not a huge amount... less than 2% of my investments. But I also own a big chunk of real estate (90 acres) as well as <5% in crypto. Then bonds, then stocks. We are retiring this spring and then moving to Cuenca, Ecuador next summer. The success of my investments is what allows us to move to our dream city. Where the cost of living is actually much lower... so we will be able to continue to live at low cost and let our investments continue to grow.
wheelgun1958
Hunter
I'd wager weed shops are more prevalent.
Star43
Hunter
There are few of those too....but I can honestly say there are far more coin shops than gun shops around. Ironically, the coin shop I like the most is about 20 - 25 minutes away and used to be a gun shop before they closed down last year. California is not gun friendly and the state makes it hard for a small gun shop to survive.
So, you aren't required to sell on Ebay with Pay Pal as the only payment source as a seller? Do they allow you to sell with non electronic payments such as USPS Money Order, Personal Check or cash? I will buy with Pay Pal but never sell with Pay Pal because of the information they want from me to receive funds. Also, does Ebay send info to the government about your transactions. I've not sold on Ebay for a decade but have been a member since 1999.
Last edited:
IF you hold gold or silver as trade goods in a SHTF scenario, you'd better have someone (better yet, two someones) you can trust 100% to cover you while you make those trades.
I don't think many folks realize just how bad it can/will be in this type of scenario.
I understand some folks want to own valuable assets that can be transported BUT there's the security issues that go with this type of property.
I don't think many folks realize just how bad it can/will be in this type of scenario.
I understand some folks want to own valuable assets that can be transported BUT there's the security issues that go with this type of property.
Bad Barlow
Blackhawk
I could foresee a lot of "trades" , where ONE of the "traders" ends up with the goods AND the assets!
Star43
Hunter
That could happen for sure. That is why he mentioned one should have a friend or two to be there with him just in case.....another reason small increments of silver is/would be the best way to go......gold could never really work in this situation as the value is too high in value to ever properly get your "change" back.....nothing is really new here as that is why silver was used in the first place as "money"......how are you going to buy some milk or bread or some can goods with a bar of gold ??? That makes no sense. Never did and never will. Gold is pretty to look at and that is about it.......Stick with the silver.
