[SgtPepper]

Hey guys, could somebody tell me where I could buy gold coins, silver coins, etc. for bartering after TSHTF? Can you get them at a bank, a jewelery store, or what?

Also, how much of them should I buy and will they actually be useful after a disaster?

Thanks for helping!

SgtPepper

 

[Jerry D Young]

Local coin shops/pawn shops. Cash. No names. As far as usefulness, that will vary greatly. Some people will accept, others won't. It's a matter of covering as many bases as you can, in my opinion.

 

[teotwawki]

I cannot say enough about the folks at http://www.allamericangold.com - they also host a radio show on KHNC The Lion in Northern Colorado - The Patriot Radio News Hour and have been doing it for like 12 years. Lowest commissions I've seen.

 

[rem243]

I buy alot on Ebay

 

[4giv3n1]

Don't get silver. Silver depreciates. Gold does not. You're best off getting gold

 

[Scruggs]

Silver gained 46% in the year 2007 and is currently outperforming gold on a percentage return basis.

 

[rem243]

I buy silver morgans and those 10oz bullion bars,when i can afford it i will buy1/10 and 1/4 gold eagles.Oh yeah the silver eagles are good to.Silver is just fine for those of us who cant afford gold,or for that matter platnum,wich i would love to get my hands on!

 

[SgtPepper]

Does anyone know if platinum depreciates?

Also, can I buy gold bullion if I live i Canada from a U.S. Website?

 

[Captain Killgore]

Gold should be a good investment, but like others have said, don't put all of your eggs in one basket. In my area, gold would be worthless. Fuel, food, and medicine would be premium trade items. I am sure it will vary according to area, and the type of goods being bartered.

 

[teotwawki]

If you want your PM purchases to be "untraceable" purchase for cash and purchase US Legal tender. Otherwise you're susceptible to Cap Gains, and your dealer will report your purchase to the IRS...

I think that kinda leaves you with LIBs and Eagles no?

 

[Milkman12114]

http://www.usmint.gov/index.cfm?flash=no

You can get it streight from the US Mint. Becarefull when buying from dealers. Unless you really know what to look for I suggest you get it from the mint. But IF you want to get to dealers remember they are looking for a proffet. GO get the Red Book of US coins. This might help you some. Good luck...

 

[Txkstew]

Apmex http://www.apmex.com/
is a very good source of gold and silver, but they don't ship outside the U.S.
Coast to Coast coin http://www.coastcoin.com/index.asp
site says Canadian orders are $10.00 ea no matter how big or small. I've had good experiences with both. Some things are cheaper at one, then others things are cheaper at the other.

 

[Dogmeat]

One thing to consider is how you will actually use precious metals for payment, barter, etc. If you go to a dealer (coin shop, some jewelers, etc.), they will accept coins without much hassle, since they are known and trusted to be what they say they are. For example, a 1 oz U.S. silver Eagle is going to be 1 oz of .999 silver. If you bring in a bar of 1 oz. silver, and it has the assay markings on it from a known company, it might be accepted as such. If you bring in a 1 oz bar with no markings, then it might get a bit more complicated, not something you need in a TSHTF scenario. They might have to assay it before they can accept it, because they don't know if it is .999 silver or something less.

With that in mind, buillon coins from country mints, such as U.S Eagles, British Sovereigns, etc. command a higher purchase price. Not only are they a stated metal content, but a beautiful coin as well, with more value than just metal. Buillion bars with assay markings would be next, followed by unmarked bars.

 

[teotwawki]

Many folks I know hold PM coins as stores of wealth, hedges against inflation - not as barter able coins for TEOTW - the idea would be to have a store of wealth for when normal trade is re-established. A far better investment for TEOTW IMHO are hard, durable goods - firearms, ammunition, tools, etc. If you want coing for trade during the "situation" I'd buy a few bags of junk silver...

Just my $.02

One thing to consider is how you will actually use precious metals for payment, barter, etc. If you go to a dealer (coin shop, some jewelers, etc.), they will accept coins without much hassle, since they are known and trusted to be what they say they are. For example, a 1 oz U.S. silver Eagle is going to be 1 oz of .999 silver. If you bring in a bar of 1 oz. silver, and it has the assay markings on it from a known company, it might be accepted as such. If you bring in a 1 oz bar with no markings, then it might get a bit more complicated, not something you need in a TSHTF scenario. They might have to assay it before they can accept it, because they don't know if it is .999 silver or something less.

With that in mind, buillon coins from country mints, such as U.S Eagles, British Sovereigns, etc. command a higher purchase price. Not only are they a stated metal content, but a beautiful coin as well, with more value than just metal. Buillion bars with assay markings would be next, followed by unmarked bars.

 

[Panderson]

I buy gold and silver coins specifically because currently the American dollar may be weak but the value of gold and silver is global. In other words, you are getting something that does not lose value in the world market. So if the US economic power drops to the same level as Mexico, you can take your gold to a foreign market that is still has a strong 'dollar'

 

[teotwawki]

This, of course depends on your preferred flavor of SHTF, in some scenarios you may not have access to said markets or be charged a premium for access by those who do. Ever hear of survivalist parable about the farmer with the chicken that was worth a $20.00 Lib?

I buy gold and silver coins specifically because currently the American dollar may be weak but the value of gold and silver is global. In other words, you are getting something that does not lose value in the world market. So if the US economic power drops to the same level as Mexico, you can take your gold to a foreign market that is still has a strong 'dollar'

 

[wynturmute]

Hey guys, could somebody tell me where I could buy gold coins, silver coins, etc. for bartering after TSHTF? Can you get them at a bank, a jewelery store, or what?

Also, how much of them should I buy and will they actually be useful after a disaster?

I don't know what you do for a loviing but if you have money in retirement or the bak, then pull it out and put it in swiss franks all it will do is appreciate and when you deal with post teotwaki serious smugglers it will be better than visa...
Thanks for helping!

SgtPepper

I don't know what you do for a loviing but if you have money in retirement or the bak, then pull it out and put it in swiss franks all it will do is appreciate and when you deal with post teotwaki serious smugglers it will be better than visa...

 

[medicff0879]

I don't know what you do for a loviing but if you have money in retirement or the bak, then pull it out and put it in swiss franks all it will do is appreciate and when you deal with post teotwaki serious smugglers it will be better than visa...

Investing in foreign currencies is going to be my next endeavor. As for now, I am picking up a Silver eagle every two weeks. I can afford gold but would rather work on obtaining silver for now and wait to see if gold goes down a little more before I put more money into it. I can stomach losing $5 on my silver eagles, but as of now it absolutely pisses me off to know that I have lost up to $180 on my 1oz Gold Eagle but currently sitting at just a little over $100 loss. I bought this piece back in April as gold was unfortunately coming down, I thought for sure it would go back up within months but so far I have been right and wrong. It has gone up quite a bit in the last month, but currently headed back down again!!

Silver usually varies a dollar or two from day to day, gold seems to go up/down in increments of $30+!! I have up to this point recommended only currency pieces of metal (silver/golden eagles) but after I complete the entire 86-08 set I plan to start investing in a few bars or rounds as they are cheaper than eagles.