Long Position on Silver and Gold?

[roberth]

Those are cool and all but I try to think. If there was no currency that I trusted or no currency at all, and some dude came up to me with those for trade, and another guy wanted to trade me for the same weight in ASEs... I wonder what I would take. And, would I be worried about the next guy who I wanted to trade my "silver bullets" for something I needed... would there be another guy next to me trying to get what I wanted but what he had to trade were ASEs? hmmm...

Novelty items are cool, ASEs are practical and ASEs/junk are your best bet if you plan on barter.

[th3w01f]

Those are cool and all but I try to think. If there was no currency that I trusted or no currency at all, and some dude came up to me with those for trade, and another guy wanted to trade me for the same weight in ASEs... I wonder what I would take. And, would I be worried about the next guy who I wanted to trade my "silver bullets" for something I needed... would there be another guy next to me trying to get what I wanted but what he had to trade were ASEs? hmmm...

I agree but if anyone has one of the 30mm silver shells I'll give you $1500 tomorrow.

[Firehaus]

Should I get ase or maple leafs? Does it matter?


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[rbeau30]

Should I get ase or maple leafs? Does it matter?


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I think either would be widely recognized. I tend to think worst case scenario. No technology, no internet. After all the stupid people are dead and or have become manual laborers the people who have researched the "what-if's" will recognize your barter or have learned about the more widely utilized barter items.


I'm just saying if you had to "rack and stack" what would be more widely accpeted... I am thinking...

Junk silver (smaller purchases)
Silver ASEs
Other country's coinage (maple leafs, Silver Pesos, Krugerrand, etc)
Private Mint Coins/bars.
etc, etc.

I guess I better not get too much off topic. We are delving a little more into the "survival/preparedness" part of all this.

[4runner freak]

Where do you pick up junk silver? Paying more over spot for junk silver vs. ASEs doesn't make sense.

[Firehaus]

I think either would be widely recognized. I tend to think worst case scenario. No technology, no internet. After all the stupid people are dead and or have become manual laborers the people who have researched the "what-if's" will recognize your barter or have learned about the more widely utilized barter items.


I'm just saying if you had to "rack and stack" what would be more widely accpeted... I am thinking...

Junk silver (smaller purchases)
Silver ASEs
Other country's coinage (maple leafs, Silver Pesos, Krugerrand, etc)
Private Mint Coins/bars.
etc, etc.

I guess I better not get too much off topic. We are delving a little more into the "survival/preparedness" part of all this.

Thanks for the info! I saw that maple leafs were a little cheaper and something about anti counterfeiting measures in the new design. Peaked my interest!


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[rbeau30]

Where do you pick up junk silver? Paying more over spot for junk silver vs. ASEs doesn't make sense.

I get my stuff at Provident. I pay a little more for Junk because I store it for different reasons. My reasoning is that I am going to need a smaller denomination of "real money" some day. and rather chopping up peices of ASEs, I will be prepared for when someone wants to barter in pre 65 coins. So for what I want I'll pay more.

[hghclsswhitetrsh]

Where do you pick up junk silver? Paying more over spot for junk silver vs. ASEs doesn't make sense.

There's a couple guys just south and easy of dad's wholesale table at the tanner gun show. They are nice guys and explain the method to price on junk silver.

[rbeau30]

Where do you pick up junk silver? Paying more over spot for junk silver vs. ASEs doesn't make sense.

I get my stuff at Provident. I pay a little more for Junk because I store it for different reasons. My reasoning is that I am going to need a smaller denomination of "real money" some day. and rather chopping up peices of ASEs, I will be prepared for when someone wants to barter in pre 65 coins. So for what I want I'll pay more.

I also don't care about "being tracked" There is no way that I can be totally incognito about my lifestyle anyways. I am sure my purchases/posts/email is all going somewhere to be tracked anyways. My phone for cripes sake knows more about me than I do. So if it gets to the point where they are going door to door and seizing silver/gold/preps/ammo/guns, we got a bigger problem, and I am hopefully prepared enough to meet that challenge.

Thanks for the info! I saw that maple leafs were a little cheaper and something about anti counterfeiting measures in the new design. Peaked my interest!


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I am not an expert, but that is how I see it. You have to think about what more people will recognize in a low tech world. If you are trying to barter in the U.S. won't U.S. coinage me more recognized? Let's say there is no more exchanges or stocks, or USD anymore, and someone wants to give you an ounce of silver for your bottle of Jack. Let's say you are presented with an ASE by one guy, and a 1oz silver bar that has pandas or dragons on it and you don't recognize the maker? Who would you give your bottle of jack to? You can "rack-and-stack" what you store or buy based off of little scenarios like that.

BUT, if you don't believe we are ever going to get to that point, and the USD and world economy is going to be just fine, then get your silver and gold the cheapest way you can.

EDIT: I am going to the tanner for the first time ever this weekend. Maybe I'll pick someone out. :-D

[sellersm]

Should I get ase or maple leafs? Does it matter?

Some folks say the extra purity in the maple leaf is a good thing (.9999 vs .999). Others say that the actual denominational value of the coins means something. If you look back in this thread, you'll see a youtube video posted by me of an interview with some guys talking about expatriating, and when their friends/families left the country, the new country only honored the value of the coin as it was denominated (NOT the gold/silver content), or the "face value" in other words...

At the end of the day, it's up to you. I have both and will continue to acquire both...