I keep hearing about folks buying precious metals instead of stocks. This is sound advice. I have been investing in precious metals for years...4140 arsenal grade steel, copper, lead and brass. I figure these will be priceless after the SHTF.............:help:
I keep hearing about folks buying precious metals instead of stocks. This is sound advice. I have been investing in precious metals for years...4140 arsenal grade steel, copper, lead and brass. I figure these will be priceless after the SHTF.............:help:
The rate of return of precious metals over 5 years or more is relatively low. They're too volatile to justify purchasing for the short term, and are often beaten by even the worst mutual funds. The "school of thought" is that when the dollar is worthless, gold or silver will always be an accepted form of currency. My take on this, is that if the dollar DOES become worthless, few people will have liquid forms of gold anyway. Much of the "Buy Gold" stuff you see is often stocks in gold mining/refining/forming companies. When the dollar is worthless, goods and services will be more important than a shiny coin.
Buy mutual funds.
My idea of precious metal are the items used in the MFG of firearms and ammo. :nhl_checking:
My idea of precious metal are the items used in the MFG of firearms and ammo. :nhl_checking:
OK.........so we can use the silver to make bullets to kill Dracula....:big_boss:
i think what pascal was trying to say up there is that if things have gotten so bad that the fiat currency system collapses, the last thing anyone will be thinking about is gold and silver. Things that can't be made easily, like batteries and ammunition, will be far more valuable. You can also use it for yourself until you need to spend it. Invest in gold all you want, but if tshtf and no one wants the gold, then you're stuck with a lump of pretty metal that you could have used for something else, like reloading supplies or a generator, or whatever. But, those things you can both use yourself *and* trade if you need to.
SILVER IS FOR WEREWOLVES
WOODEN BULLETS ARE FOR DRACULA (yes they actually made wooden bullets for training in europe)fftopic:
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