Long Position on Silver and Gold?

[davsel]

I agree this is a good way to enter the PM arena and pay the lowest premiums, but building on your premise that in SHTF scenarios collector values are moot, I do not put as much faith in the SHTF value of pre-'65 US coins despite their silver content. The face value is still only "One Quarter Dollar", etc and the silver content is not marked on them at all, so the general public will be ignorant of their value....IMHO, I'd recommend generic rounds and ingots that have clearly printed on them "1 Troy OZ .999 fine silver" or something similar.

If available and priced acceptably, why not get an assortment of 1/10 oz, 1/4, 1/2, 1, 5, & 10oz...? There is no "recommended" ratio, just whatever you think is a good split....

Just because it is marked "1 Troy OZ .999 fine silver" does not necessarily make it so.
I am willing to bet there are far more counterfeit silver rounds and bars in circulation than Morgan or Peace dollars.
I'm not saying you can not buy the real thing from a reputable dealer. I'm saying that I would trust the silver content of a US Silver Dollar over what is stamped on a shiny bar from a stranger (EBay).
Same reason I stick with Krugerrands. They have been around for a long time and are easily recognizable.

[Sawin]

Just because it is marked "1 Troy OZ .999 fine silver" does not necessarily make it so.
I am willing to bet there are far more counterfeit silver rounds and bars in circulation than Morgan or Peace dollars.
I'm not saying you can not buy the real thing from a reputable dealer. I'm saying that I would trust the silver content of a US Silver Dollar over what is stamped on a shiny bar from a stranger (EBay).
Same reason I stick with Krugerrands. They have been around for a long time and are easily recognizable.

Oh, I get that 100%. I will NEVER buy "silver" on ebay, craigslist, etc.... I buy it from reputable sources only. I just want to remind you that in a SHTF scenario, especially one of economic collapse where bullion comes in to the limelight, that would imply the US dollar is worthless.... or more near so than presently....and the silver content of those US coins is not well known enough in my opinion. Also, with respect to any tender used for barter/sales, etc, having the value/weight visibly marked permanently on that tender makes it worlds easier.

[hatidua]

Oh, I get that 100%. I will NEVER buy "silver" on ebay

How is buying from APMEX, MCM, or any of the other big sellers on eBay different from buying from them directly?

[lex137]

I'm not going to blast where I keep mine. I will tell you that it's not in the bank!!

[HoneyBadger]

Muddywings, you may want to look into insurance for specific valuables. I have "valuables" insurance through USAA to cover things like Mrs. HoneyBadger's jewelry and some other especially valuable items around the house.

Otherwise, OPSEC is key. Bury it in your backyard or build it into a wall behind the drywall if you want, just don't ever tell anyone about it and don't forget to dig it out before you move...

[muddywings]

Muddywings, you may want to look into insurance for specific valuables. I have "valuables" insurance through USAA to cover things like Mrs. HoneyBadger's jewelry and some other especially valuable items around the house.

off topic rant but I dropped usaa for geico for auto insurance and saved $600/year. I then asked about my subscribers savings account status and was advised since I still had my personal article floater (jewelry) with them it would continue to accumulate. So i moved my jewelry over to my home insurance (AMFAM) and dropped the policy with USAA. Now they said they can't pay out my SSA for six months but when they do, I have $2500 coming to me.

[davsel]

Is that a satellite dish in the lower right?
I want a safe lined with that!

bury PMs under large rocks - protected from forest fires.

[<MADDOG>]

Is that a satellite dish in the lower right?
I want a safe lined with that!

bury PMs under large rocks - protected from forest fires.

You're right, damn satellite TV will outlive cockroaches... I didn't even see that!

[Great-Kazoo]

Is that a satellite dish in the lower right?
I want a safe lined with that!

bury PMs under large rocks - protected from forest fires.

Large rocks will crack and or explode under intense heat. The igneous and magnanimous will fair better than others, however they all shit the bed under that level of heat.

[Sawin]

Safe Perhaps?


It looks to be in the garage area, and against a now-absent wall, so it's possible. I doubt a fridge/freezer would still have any kind of recognizable form, but that looks at least a little bit like a safe to me. It also looks about the right size relative to the crispy car in the driveway....