On occasion, I buy fractionals,
They make them in 1/2, 1/4, 1/10 and 1/20 oz (gold, I don't know about silver, but I'd guess it's pretty much the same).
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A question for those buying gold for SHTF
- Thread starter Bryan
- Start date
On occasion, I buy fractionals,
They make them in 1/2, 1/4, 1/10 and 1/20 oz (gold, I don't know about silver, but I'd guess it's pretty much the same).
Why would you want to buy it as you have to pay a commission to purchase it and another commission to sell it? It pays no dividends, and all the government has to do it outlaw it and make people turn it in for more worthless currency. If our government went back to backing its currency with precious (like silver) or semi-precious metals like copper that would be worth more than the "full faith and trust of the American government."
If you have a functioning society.
Out of curiosity, how are you quantifying gold's value? I don't think the value of gold has fluctuated at all. Only thing that has fluctuated is the value of the dollar. For ex, if back in the 70's an oz of gold was $400 and today its $2000, is the gold worth more or is the dollar just worth less? I'm thinking the latter is more accurate.
Just kind of on this subject.
I read somewhere in the last few months something to this effect of......
That a one ounce silver coin never lost its value.
With the coin 100 years ago you could buy, this that and the other thing at the store.
That same coin today will still pay for this that and the other thing.
For example if you could buy eggs, cheese, bread and milk with the coin at one time.
The coin today would still be worth enough to buy the same things. (Except today that would cost $15 or $20, the value of the silver in the coin).
I just thought it was interesting and worth passing on.
I read somewhere in the last few months something to this effect of......
That a one ounce silver coin never lost its value.
With the coin 100 years ago you could buy, this that and the other thing at the store.
That same coin today will still pay for this that and the other thing.
For example if you could buy eggs, cheese, bread and milk with the coin at one time.
The coin today would still be worth enough to buy the same things. (Except today that would cost $15 or $20, the value of the silver in the coin).
I just thought it was interesting and worth passing on.
Exactly right! I had this same conversation with a friend yesterday. Gold is a great investment, and perfect for holding large sums of value. But to me, silver seems like it would be more mobile in terms of how you can spend it on everyday needs. Glad I'm not the only one thinking like this!
Gold has a history of being reliable money for over 6000 years. It is to be accumulated only after all other preparations are made....or if one can afford it, used as a life insurance policy on your fiat currency savings.
The characteristics of real money are durability, portability, divisibility, uniformity, limited supply, and acceptability.
There is truth to that, but there is another force we are all experiencing right now as we try to find ammo: Supply and demand.Just kind of on this subject.
I read somewhere in the last few months something to this effect of......
That a one ounce silver coin never lost its value.
With the coin 100 years ago you could buy, this that and the other thing at the store.
That same coin today will still pay for this that and the other thing.
For example if you could buy eggs, cheese, bread and milk with the coin at one time.
The coin today would still be worth enough to buy the same things. (Except today that would cost $15 or $20, the value of the silver in the coin).
I just thought it was interesting and worth passing on.
saddly its not really worth it. I work for a technology company and we recycle literal TONS of pcb's. We used to send them to a place for the gold and then just stopped as it wasnt worth the hassle. I think we were getting something like 4oz for every ton we would send them.
