Preparedness

[Renaissance]

3Dstudent

I'm also wondering about buying gold or silver. I'm guessing there will be a little time where it's useful when the dollar is just paper. But there will come a time when the only thing that will matter would be food, water, and warmth.

I am wondering about buying silver as well....is it too late at about $29 dollars an oz? Anyone in the forum know how much silver increases in value as compared to gold? I was told that it is the last thing to go, after gold is 'bought up.' Any feedback is appreciated.

I initially bought silver at $12 an oz about five years ago. It would go up to $20 then back down throughout the years until about six months ago when it just took off. I don't know the figures for gold, but I'm pretty sure it's gone through the same dynamic. You can look up silver charts and compare them to gold charts to see a more accurate picture.

 

[Mrs. Peel]

3Dstudent

I'm also wondering about buying gold or silver. I'm guessing there will be a little time where it's useful when the dollar is just paper. But there will come a time when the only thing that will matter would be food, water, and warmth.

I am wondering about buying silver as well....is it too late at about $29 dollars an oz? Anyone in the forum know how much silver increases in value as compared to gold? I was told that it is the last thing to go, after gold is 'bought up.' Any feedback is appreciated.

I initially bought silver at $12 an oz about five years ago. It would go up to $20 then back down throughout the years until about six months ago when it just took off. I don't know the figures for gold, but I'm pretty sure it's gone through the same dynamic. You can look up silver charts and compare them to gold charts to see a more accurate picture.

I bought some silver and gold around the same time, the gold price seems to have risen faster that the silver. I bought the silver back when it was at a high of around $20/oz, then it tanked for a while, and has just recently gone up again.

 

[Zadius Sky]

I am wondering about buying silver as well....is it too late at about $29 dollars an oz? Anyone in the forum know how much silver increases in value as compared to gold? I was told that it is the last thing to go, after gold is 'bought up.' Any feedback is appreciated.

Buying silver is not a bad investment and useful when becomes a part of a barter system. I brought silver at $13 to $15 an oz over three years ago. I sold it two years ago when it got up to $25 before going down again because I needed the money at the time.

I often checked this website to see where silver and gold are at: _http://www.monex.com/liveprices

 

[Bobo08]

In this monetary environment, it is never late to buy precious metals if you have some extra cash. You just need to choose when to buy. Silver is such a roller-coaster compared to gold. Therefore, if you can buy it on a deep dip, it can appreciate significantly better.

Right now, both gold and silver are on a slight downtrend. I think it's better to wait until silver hits about $25 before buying. Same with gold, it's likely to go down to about $1315 before rising again.

By the way, if you are to buy silver, consider buying small denominations like 1 ounce instead of big bars.

 

[3DStudent]

I don't quite understand the concept of spending the gold or silver once you have it. Will stores start accepting it? And it's so expensive, that even an ounce of silver is 20 something dollars. So how would you buy something that's say 5 dollars if you only have an expensive coin. If they give you back change in the form of a collapsed dollar, it would be like giving you dirt as change.

 

[Mikey]

I don't quite understand the concept of spending the gold or silver once you have it. Will stores start accepting it? And it's so expensive, that even an ounce of silver is 20 something dollars. So how would you buy something that's say 5 dollars if you only have an expensive coin. If they give you back change in the form of a collapsed dollar, it would be like giving you dirt as change.

I think at the time when Gold and Silver is the only monetary payment, stores won't exist any more. You would get natural produce (e.g. from farmers) either at once, or over a prolonged period of time. Or so I guess.

 

[ScottD]

I don't understand the concept of buying into gold or silver either as it is based on illusory value anyway. I'd much rather invest into food stores or alt energies and detaching myself from relying on the current system. In a total collapse I feel like bartering certain skills or food would be much more valuable than a supposed precious metal.

 

[Mikey]

I don't understand the concept of buying into gold or silver either as it is based on illusory value anyway. I'd much rather invest into food stores or alt energies and detaching myself from relying on the current system. In a total collapse I feel like bartering certain skills or food would be much more valuable than a supposed precious metal.

Precious metals have the advantage that they don't degrade as foods do, and they can be more easily stored. Value isn't illusory, because you can actually buy something with it. Of course, a mix of various different saving options (monetary and non-monetary) will allow for most flexibility -- that is, if reality doesn't change fundamentally. Otherwise, all bets would be off, in which case knowledge to face the unknown would be the best 'saving'.

 

[3DStudent]

I see what ScottD is saying. The metals are just pieces of matter. They could be used by a blacksmith to make something useful, but it would take a lot and be really expensive to make something big. Other than that, we put a value on them based on the amount on the Earth and stuff like that. So I think they will hold their value more so than the doomed paper currencies. As long as most people believe something has value, then it can be used to trade for other things.

 

[Lucius]

I don't understand the concept of buying into gold or silver either as it is based on illusory value anyway. I'd much rather invest into food stores or alt energies and detaching myself from relying on the current system. In a total collapse I feel like bartering certain skills or food would be much more valuable than a supposed precious metal.

Precious metals have the advantage that they don't degrade as foods do, and they can be more easily stored. Value isn't illusory, because you can actually buy something with it. Of course, a mix of various different saving options (monetary and non-monetary) will allow for most flexibility -- that is, if reality doesn't change fundamentally. Otherwise, all bets would be off, in which case knowledge to face the unknown would be the best 'saving'.

Preparations saving stuff, making food jars, cause that you gain knowledge. You start looking on ongoings reality differently, c's always repeat all is a lesson. For someone spending extra cash on gold or silver for other person just buy more food...

 

[SolarMother]

Bobo

In this monetary environment, it is never late to buy precious metals if you have some extra cash. You just need to choose when to buy. Silver is such a roller-coaster compared to gold. Therefore, if you can buy it on a deep dip, it can appreciate significantly better.

Thank you all for your input!
Silver doesn't seem to appreciate much, that was my main concern--and buying it at this 'late date.' Buying it at a deep dip would make sense, but all the sites show it doesn't go up very much at all compared to gold, so I wonder if it is worth it. Doing this would be an addition to food stores and alt energy.

 

[LQB]

For an on going discussion on gold, have a look here: http://www.cassiopaea.org/forum/index.php?topic=11095.0

 

[ScottD]

Precious metals have the advantage that they don't degrade as foods do, and they can be more easily stored. Value isn't illusory, because you can actually buy something with it. Of course, a mix of various different saving options (monetary and non-monetary) will allow for most flexibility -- that is, if reality doesn't change fundamentally. Otherwise, all bets would be off, in which case knowledge to face the unknown would be the best 'saving'.

It is illusory in that we have given it value by telling ourselves it is worth something. Value to me is ideological and not a real construct. Currently we know of no other way to trade for things other than giving certain items of rarity a higher value than others which gives buying power. Should a catastrophe happen and a paradigm shift in this thinking occur then commerce as we know it may have a new face, then that current value has no meaning other than what one has applied to it. At least, that's how I see it.

All I know is I'd much rather receive a hunk of meat in exchange for my skills or tools rather than a supposed precious metal. :).

Sorry I know we're straying off-topic with this....back to canning meats? Any good suggestions for a brand/type of pressure canner/cooker?

 

[go2]

All I know is I'd much rather receive a hunk of meat in exchange for my skills or tools rather than a supposed precious metal. Smiley.

What will you do when the seller demands gold for meat?

http://www.youtube.com/watch?v=bvJNpkLxyzg

 

[ScottD]

All I know is I'd much rather receive a hunk of meat in exchange for my skills or tools rather than a supposed precious metal. Smiley.

What will you do when the seller demands gold for meat?

http://www.youtube.com/watch?v=bvJNpkLxyzg

Find another that would barter :D