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Thread: If you had $50,000 to invest in gold.... Reply to Thread
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Topic Review (Newest First)
10-13-2019 01:13 PM
bunkerbuster We spent over $50K on fuel this year placer gold mining.
Winter is upon us, crew cleaning up & mothballing the mine site.
Happy camper, a VERY productive season.
10-13-2019 12:10 PM
Camelfilter
Quote:
Originally Posted by bunkerbuster View Post
...Reality is, in shtf times gold with not be an ordinary everyday trade or barter item.
Unless its for big ticket items, vehicles, large arms/ammo deals or real property purchases, etc...

The everyday trade, barter or make change PM will be silver for goods, medicine, food, fuel, etc...
Our opinion as well.

Gold is just be a means of portable wealth for the family, for AFTER return to normalcy. A long wait.

Not much use amidst an SHTF, other than above if recognized the downturn at the beginning stage & want to buy out a neighbor & there stock. They may be interested in the portability if relocating to other family. As an overly simplified example.
10-12-2019 08:30 PM
OldDesertrat If you want gold as wealth preservation in today's pre-SHTF or no-SHTF world, Maple Leafs or US Eagles are plenty good. Easily hidden somewhere in or around your house.

Post SHTF? My opinion is that US junk silver would come to be used in commerce, and more opinion is that dimes and quarters would be preferred. There will always be the issue of making change.
10-11-2019 06:48 PM
SurvivorGirlAL
Quote:
Do you know what PVC does to silver? And silver dollars for smaller transactions? Huh? How small? Silver dimes are what you want.
Now I do, thanks!
https://www.thesprucecrafts.com/pvc-...n-coins-768300
10-11-2019 06:43 PM
SurvivorGirlAL
Quote:
Originally Posted by Hick Industries View Post
Smartest plan I heard of (no way to confirm) was a well known Jew living in 1930s Germany
lol as often as we lose tools, I'd lose my butt on that one 🤣 creative though!
10-09-2019 06:21 PM
fistfulladirt
Quote:
Originally Posted by Christian View Post
Candian gold maples due to their high percentage of gold (99%+), and US 1922 silver dollars for smaller transactions. Both buried in pvc pipes. Gold buried in a pvc pipe under an old outhouse or a large beehive. Silver inside the metal fenceposts for a chain link fence to escape metal detectors.
Do you know what PVC does to silver? And silver dollars for smaller transactions? Huh? How small? Silver dimes are what you want.
10-09-2019 05:01 PM
STEEPOE Sounds like a hookers and cocaine kind of weekend.
10-09-2019 02:53 PM
animalspooker If you want barter items in a SHTF situation, then stock up on bullets and canned foods. Clearly the bullets last longer!
10-09-2019 01:54 PM
rriley
Quote:
Originally Posted by PalmettoTree View Post
it is hard to put a stop loss on physical gold.
An alternative would be to put a stop on one of the derivative gold contracts.
10-09-2019 01:52 PM
rriley
Quote:
Originally Posted by Edge View Post
(Q 3 of 3)

Unless part of your prepping includes purchasing a mega-accurate and expensive set of digital scales; with 4 other sets of these scales purchased as redundancy back up; with (what you have hopefully guessed is a) lifetime quantity of 9vt batteries
There are a lot of Reloading Scales available for less than $100, both digital and manual (not requiring batteries). They are usually accurate to a tenth of a grain (There are 15+ grains in a gram).
10-09-2019 01:32 PM
PalmettoTree
Quote:
Originally Posted by Hick Industries View Post
Do what ever you like. Im certainly not going to post where I keep mine stored.
No and I would not either. I just disagree with that particular approach in that particular place. That does not mean it is a bad idea. There was little us in posting about the other parts of you post I agree with.
10-09-2019 01:19 PM
Hick Industries
Quote:
Originally Posted by PalmettoTree View Post
I do not agree with that!
Do what ever you like. Im certainly not going to post where I keep mine stored.
10-09-2019 12:32 PM
PalmettoTree
Quote:
Originally Posted by Hick Industries View Post
I recommend sealing your coins in a section of pvc pipe, and burrying the pipe in a trench next to your main water line.
I do not agree with that!
10-09-2019 12:27 PM
Hick Industries Smartest plan I heard of (no way to confirm) was a well known Jew living in 1930s Germany.

He sold his buisness and his home a bought gold coins. Then melted them down, and cast the metal into spanners wrenches, and other auto tools.

He painted them, rubbed them with oil and dirt, and tossed them into his car. Then took his family into the Swiss Alps for a picknick.
They packed nothing in the car except the tool box and lunch, and they never returned.

Gold is good if purchased discretly, and stored at home. I recommend sealing your coins in a section of pvc pipe, and burrying the pipe in a trench next to your main water line.
10-09-2019 09:26 AM
PalmettoTree OP if you want gold and know you will not need the money for a long, long time, buy what you want. Store it safely but do not tell anyone.

Remember gold prices are volatile and it is hard to put a stop loss on physical gold. So when/if you need the money gold can be a bad investment.

The money I put in PM I do not expect to ever need. Just be careful.
10-09-2019 08:55 AM
Edge (Q 3 of 3)

I am sure there would be links on this forum, or on the web to this question - but can someone direct me to information regarding how a lay person can "check" and be certain that the gold and silver he/she is purchasing is the real McCoy?

That it has not been semi-faked; or is less pure than stated; or has had (eg) half a gram clipped off a (say) 10 gram piece...

These questions are in relation to trading in gold and silver - once the collapse has kicked off; and you have limited safety; security; time; knowledge and other resources at hand.

eg: I can't imagine that "weighing" what you are trading with is all of the answer in the example of the "half gram having been clipped off" problem?

Unless part of your prepping includes purchasing a mega-accurate and expensive set of digital scales; with 4 other sets of these scales purchased as redundancy back up; with (what you have hopefully guessed is a) lifetime quantity of 9vt batteries - and having all of that "wrapped/protected" in homemade Faraday Cages; that you hope will work? - and including air tight and sturdy containers... (Not easy to transport around..)

Or maybe this is the answer; (to checking the weight problem)??
But what about the other issues - as above?
10-09-2019 08:32 AM
Edge (Q 2 of 3) Weights and Volumes?

I am not sure of the right way to ask this question - but I am looking at an indicator of how much cubic volume (in centimeters preferably) silver takes up - per what, I am not sure?

eg: 10 grams; 100 grams; and "x" coin denominations, and weights and volume, etc?
10-09-2019 08:27 AM
Edge (Q 1 of 3) What "Brand" is Best?

I am based in Australia.

In the event of a macro economic collapse; (global rampant inflation; central govt attempts at wage and price control; large black market sector operating) - I would see myself bunkering down in a BOL; within Australia... (eg: I'm not planning on being elsewhere in the world in the above scenario...

So regarding gold and silver, if purchasing for last-stance hedging ability against Fiat currency; I would appreciate advice from anyone who has had experience with gold and silver from the PERTH MINT; (or other 'local' recommendations)...

I have read on here that American Eagles are the best - but does anyone know how recognizable these may be in Australia; vs Perth Mint coins/bullion or "Kangaroo gold coinage etc"?

I would be looking at using the gold for larger scale (barter) purchases and "negotiations" - and the silver for more everyday stuff...

Thanks
10-09-2019 06:40 AM
FerFAL
Quote:
Originally Posted by Ankylus View Post
One of the things that FerFal said was that gold was really only valuable in jewelry. Gold coins, gold bullion, etc., were not all that valuable because people didn't really know what to do with it. But jewelry, that could easily be bartered.
Hi, what I said was that in the most common places where people sell gold (like jewelry stores and similar) they are used to dealing with junk gold, jewelry adn such, and the price you'll get for a gold eagle is along those lines (meaning a bad price for you) but I did say that you are much better off finding a reputable PM dealer in the city/downtown area to sell your bullion at a more realistic price. Also, if you can get your hands on some junk gold as close to spot price as possible, this is likely to be easier to sell in these local places without getting much of a hit, or attracting much attention (you're one more smuck selling his wedding band or family gold chain for food, not the prepper with a stash of gold eagles). I know of people that stocked up on some junk silver and gold by putting thier own "I buy gold" ads and buying from people looking to sell. Think of it as the modern version fo hacksilver, or pre 65 American junk silver coins. For Americans junk silver coins make a lot of sense.
Also, Silver gets heavy, gold it a lot better when bugging out. Keep that in mind when you contemplate your pile of loot.
I'd also put some money into crypto as well.
10-09-2019 12:38 AM
Nomad, 2nd
Quote:
Originally Posted by Ankylus View Post
One of the things that FerFal said was that gold was really only valuable in jewelry. Gold coins, gold bullion, etc., were not all that valuable because people didn't really know what to do with it. But jewelry, that could easily be bartered.
Pretty sure that's incorrect.

It's just that there was MORE jewelry, and it was more common.
Also you could act like it was your wedding ring vs your stash.

...but if you'll look at the premiums I'm 99% sure that you'll be FAR better off with coins than bling in the amounts the OP mentioned.


I do t consider it an investment, I consider it a hedge.
1/10-1 oz, common currency coins by preference.
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