hawgdawg
Forum Supporter
What a rollercoaster we've been on .
How could they have gone down already? I didn't buy yet -What a rollercoaster we've been on .
How could they have gone down already? I didn't buy yet -
its the powers that be that "manipulate" pms.....I firmly believe they control exactly where pms go....at least as long as they can they will....till the dollar and the Ponzi sceme holding it up all comes tumbling down....
But , where do we need to be when the ponzi falls . Have our cash stashed , or holding these metals ? How much would an individual need to have on hand to carry him thru some roughtimes ? Can holding gold and silver really get you thru an economic collapse ? I'm not holding a major amount , just need to know if I should start picking up a little more .
But , where do we need to be when the ponzi falls . Have our cash stashed , or holding these metals ? How much would an individual need to have on hand to carry him thru some roughtimes ? Can holding gold and silver really get you thru an economic collapse ? I'm not holding a major amount , just need to know if I should start picking up a little more .
Ridiculous! PM's will have value in collapse, and history has already proven the fact. PM's have always had value, and always will.In a total economic collapse neither PMs or cash will be worth anything. Rice, beans, and bullets will be the reigning currency.
Ridiculous! PM's will have value in collapse, and history has already proven the fact. PM's have always had value, and always will.
Well said!True, precious metals will hold value, but invest in the day to day necessities first, like food, water, toilet paper, hygiene products, fuel, etc., anything that you consume on a daily basis. Once you have a year or two of that set aside, then you can think about having some funds in precious metals. Be sure to have plenty of coins, both precious metal and clad, because paper money will likely be worthless.
ETA: Don't forget the guns and ammo, too.
I cashed in a buncha clad at my banks coin machine yesterday and headed off to buy some silver coins. When I got to the store, and mind you I know the owner, he wouldn't sell me any cull coins due to the silvers price going bonkers as of late. He would have sold me collector grade coins, but that's not what I wanted. I told him I just wanted silver to hoard. He said he was doing the same. I said I'll stop by on Monday in case he changes his mind. Otherwise I'll go elsewhere
Gold to silver ratio right now is at a very high point so silver bugs and especially Gold silver ratio traders everywhere are loading up on silver. Ratio traders will load up on underpriced silver and then down the road when the ratio swings down around 40:1 they will trade all the silver for Gold.
It takes 83.285 ounces of silver to equal the value of 1 ounce of Gold today. The GSR usually hangs around the 50 to 70:1 range.
As you can see the ratio has not gone into the 80+:1 range very often in the last 40 years. Precious metals folks are getting excited.
View attachment 343540
Hence why he's reluctant to sell huh?
Bingo! Big online dealers like Apmex and silvertowne are still selling like normal but mom and pop's are probably buying and holding.
PM prices rising!