Re: gold and silver
[Re: Jays]
#6591294
08/09/19 12:39 PM
08/09/19 12:39 PM
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Joined: May 2016
Posts: 3,516 Southern Illinois
Foxpaw
trapper
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trapper
Joined: May 2016
Posts: 3,516
Southern Illinois
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I don't look at silver coins or bullion as an investment tool, but rather, a safer means of saving then currency in a back savings account. ( A means of barter, should the economy fail. Not to buy and sell as one would do in the stock market. ) Yes, I have the same thought pattern. There will be many that will say a melt down won't happen or if it does things will be so bad your planning won't help. To expand your way of thinking, I can remember when we had an ice storm and was out of electricity for 4 days. Town was down for a couple days. Cash registers don't work with out electric nor does gas pumps. If you have a generator it won't work without gas nor will your truck. Here we live on the New Madrid fault so you see we could have a few days of a lot of inconvenience if not prepared a least to a degree. Not even considering terrorist acts. Even a snow storm ain't fun when you have food and no toilet paper, lol. A guy needs to be self functional for at least a few days, unless you think the gov will save you. That might include cash, food, water, gas, antibiotics any other personal medicines, and etc. And if you are in the country the gov services will center on the city masses first. Hospitals, post office, court house, etc. all come first.
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Re: gold and silver
[Re: Gary Benson]
#6654689
11/01/19 09:06 AM
11/01/19 09:06 AM
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Joined: Jan 2008
Posts: 9,194 Alaska and Washington State
waggler
trapper
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trapper
Joined: Jan 2008
Posts: 9,194
Alaska and Washington State
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I can see the sense of owning silver but owning gold just doesn't make sense to me. I'd bet there's been times a person would trade a pickup load of gold for a pickup load of firewood. That might be, however I'll bet if such a time ever arrived you would have a much better chance trading a pickup full of gold for a pickup full of firewood than you would have trading a pickup load of cash for a pickup load of firewood.
"My life is better than your vacation"
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Re: gold and silver
[Re: pcr2]
#6654703
11/01/19 09:26 AM
11/01/19 09:26 AM
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Joined: Nov 2007
Posts: 898 N. W. MISSOURI
TRAPPER-ED
trapper
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trapper
Joined: Nov 2007
Posts: 898
N. W. MISSOURI
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PRE- 1964 SILVER COINS is always good to have
50 + years of trapping & some fur buying and i still know nothing.
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Re: gold and silver
[Re: pcr2]
#6654732
11/01/19 10:21 AM
11/01/19 10:21 AM
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Joined: Jan 2007
Posts: 3,960 Northern Nevada
Bob
trapper
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trapper
Joined: Jan 2007
Posts: 3,960
Northern Nevada
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Precious metals are a terrible investment if you’re looking to see returns. That said, I buy some silver boullion sometimes. I just like having it to be honest. I tell my kids it’s my “pirate money” lol
"I have two guns, one for each of ya."
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Re: gold and silver
[Re: pcr2]
#6654741
11/01/19 10:38 AM
11/01/19 10:38 AM
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Joined: Dec 2006
Posts: 5,559 La Crosse, WI
Macthediver
trapper
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trapper
Joined: Dec 2006
Posts: 5,559
La Crosse, WI
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I've hung on to almost all the silver and gold I've found with my metal detector. I've only every sold a few coins and then it was like selling fur. Not sure you get what it's really worth just what someone paid you?? I've thought about sending all the gold and silver to someone to have a gold button or bar made. But then the whole trust thing kicks in and I can't get myself to do it. I know the gold jewelry is all different 10k 14k 18k. Same with silver lot is stamped 925 but I have no idea what to expect back from a refiner?? Market goes bad who sets the value of the Silver coins I've saved? I just hang on to things I probably should have sold years ago because I'm uneducated on it all. I do love reading these posts and learning though. Guess my kids will have to figure it out one day?
Mac
"Never Forget Which Way Is Up"
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Re: gold and silver
[Re: pcr2]
#6654752
11/01/19 11:02 AM
11/01/19 11:02 AM
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Joined: Dec 2006
Posts: 3,844 Pa
Wright Brothers
trapper
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trapper
Joined: Dec 2006
Posts: 3,844
Pa
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Check the price of scrap lately? I have enough brake rotors to run a full time coon line. Not sure which plan is worse lol.
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Re: gold and silver
[Re: pcr2]
#6654759
11/01/19 11:10 AM
11/01/19 11:10 AM
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Joined: May 2010
Posts: 28,978 potter co. p.a.
pcr2
OP
"Twerker"
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OP
"Twerker"
Joined: May 2010
Posts: 28,978
potter co. p.a.
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yepper,we play "my scrap pile is bigger than your scrap pile lately."
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Re: gold and silver
[Re: pcr2]
#6654775
11/01/19 11:36 AM
11/01/19 11:36 AM
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Joined: Dec 2006
Posts: 1,045 KS
TurTLe
trapper
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trapper
Joined: Dec 2006
Posts: 1,045
KS
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I save stuff. I don't plan on making anything off of it. It will all go to my daughter, and she'll make a mint. She has nothing invested.
Lifetime Member of the NTA, FTA, Kansas Furharvesters,and the Arizona Trappers Association.
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Re: gold and silver
[Re: pcr2]
#6654820
11/01/19 01:01 PM
11/01/19 01:01 PM
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Joined: Nov 2008
Posts: 4,548 Cleveland IL
muddyriverdogz
trapper
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trapper
Joined: Nov 2008
Posts: 4,548
Cleveland IL
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Gold and silver are all manipulated down by the banker's through paper gold and derivatives to protect the dollar. You probably will not see much of a rise in price unless there is a crisis. Witch could happen.
I will add there is more above ground gold than there is silver. Up is down and down is up these days. No real price discovery taking place in anything.
Last edited by muddyriverdogz; 11/01/19 01:21 PM.
You only live once, so get over it!
Tactics may change but the goal remains the same.
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Re: gold and silver
[Re: pcr2]
#6654831
11/01/19 01:34 PM
11/01/19 01:34 PM
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Joined: Jun 2011
Posts: 233 mississippi, Stewart
Eric Yeatman
trapper
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trapper
Joined: Jun 2011
Posts: 233
mississippi, Stewart
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I always keep old silver coins as I get them
The best investment to me has always been ammunition and guns
I can’t eat silver and gold and I can’t kill anything with it
You always see the commercials about buying silver and gold in case the economy collapses but they are taking cash for it in return so how good is it really
Want to buy Fur Harvesting and Predator Control by Roy Kuykendal
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Re: gold and silver
[Re: pcr2]
#6654867
11/01/19 03:29 PM
11/01/19 03:29 PM
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Joined: Oct 2019
Posts: 1,363 Custer Co, Idaho
sneaky
trapper
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trapper
Joined: Oct 2019
Posts: 1,363
Custer Co, Idaho
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All of the gold ever mined wouldn't even fill up the base of the Statue of Liberty. All of the jewelry you see now has been recycled at some point, same with recycling computer mother boards. A little gold goes a long way as it is extremely ductile. Paper money is only worth what the government says it's worth. It is backed by nothing. If things ever went sideways you have tangible assets in gold and silver, and monopoly money in paper.
Sometimes nothing can be a real cool hand
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Re: gold and silver
[Re: pcr2]
#6654878
11/01/19 04:00 PM
11/01/19 04:00 PM
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Joined: Jun 2011
Posts: 233 mississippi, Stewart
Eric Yeatman
trapper
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trapper
Joined: Jun 2011
Posts: 233
mississippi, Stewart
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My thinking is if things go south what is silver and gold actually worth
I know it would be worthless to me
Want to buy Fur Harvesting and Predator Control by Roy Kuykendal
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Re: gold and silver
[Re: pcr2]
#6654889
11/01/19 04:19 PM
11/01/19 04:19 PM
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Joined: Dec 2010
Posts: 34,872 Central, SD
Law Dog
trapper
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trapper
Joined: Dec 2010
Posts: 34,872
Central, SD
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I have a bunch of troy ounce silver coins from shooting trophies for trap shooting, silver was a little over $5 a ounce back then. I would shake my head, shoot all day pay for shells and targets and IF you win you get a $5 coin. LOL
Was born in a Big City Will die in the Country OK with that!
Jerry Herbst
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