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Old 09-12-2017, 10:51 AM   #1
JLivi1224
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Default The American dollar!

OK guys, my wife thinks I'm crazy. There are many reasons she believes so, but among the latest is I have an increasing concern about the future of the American dollar. I'm thinking heavily about investing in some tangible assets. One of these is gold and silver.
So how many of you guys own gold and silver, if so what are your reasons? How many of you guys do not own golden silver, and if so what are your reasons?
Thanks!
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Old 09-12-2017, 10:54 AM   #2
LROSE
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I have bought some silver in the past (can't afford to buy gold). DOn't have a lot but some.


My reasoning was to have it in the safe "just in case" I needed it for currency IF something should happen.
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Old 09-12-2017, 10:55 AM   #3
huntmaster
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I buy gold and silver every year from Texas Precious Metals mostly because of the cool things they put on their coins that represent Texas but also because if things go to pot (as I think they might) gold and silver will have value.
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Old 09-12-2017, 10:57 AM   #4
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i think your wife is right.
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Old 09-12-2017, 11:02 AM   #5
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Default The American dollar!

I bought gold coins several years back. Now they are worth about half of what I paid for them. In my opinion metals are a poor investment. Essentially they're a hedge against the dollar. I wouldn't consider them an profit generating asset; more like an insurance policy that will lose its value until it's needed. I guessing that's what your intention is anyway.


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Old 09-12-2017, 11:06 AM   #6
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Gold and silver will always be worth something. The dollar isn't worth the paper it's printed on. My 2 cents
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Old 09-12-2017, 11:09 AM   #7
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Quote:
Originally Posted by JLivi1224 View Post
OK guys, my wife thinks I'm crazy. There are many reasons she believes so, but among the latest is I have an increasing concern about the future of the American dollar. I'm thinking heavily about investing in some tangible assets. One of these is gold and silver.
So how many of you guys own gold and silver, if so what are your reasons? How many of you guys do not own golden silver, and if so what are your reasons?
Thanks!
Here's my take. We (along with all countries) will continue to print money. Inflation will increase above average here for a while. Gold/silver will never be great investments is my guess. I do own a few 100oz silver bars though.

IF America currency goes plop so bad you NEED silver or gold then the entire world is plain screwed. In that case your silver won't do you much good anyway.

A better way to keep up with inflation IMO is a good mix of stock index funds and real estate. If you don't want to(or have the time) own rental property then buy ag exempt land. Land should keep up with inflation much better than cash in the bank.
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Old 09-12-2017, 11:10 AM   #8
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If things get that bad, ammo will be more valuable than gold or silver. Just sayin'.
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Old 09-12-2017, 11:11 AM   #9
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Here's my take. We (along with all countries) will continue to print money. Inflation will increase above average here for a while. Gold/silver will never be great investments is my guess. I do own a few 100oz silver bars though.

IF America currency goes plop so bad you NEED silver or gold then the entire world is plain screwed. In that case your silver won't do you much good anyway.

A better way to keep up with inflation IMO is a good mix of stock index funds and real estate. If you don't want to(or have the time) own rental property then buy ag exempt land. Land should keep up with inflation much better than cash in the bank.
Exactly my thoughts commodities like gold and silver aren't a very good investment.
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Old 09-12-2017, 11:12 AM   #10
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Originally Posted by Throwin' Darts View Post
i think your wife is right.
I expected this.
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Old 09-12-2017, 11:16 AM   #11
JLivi1224
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Originally Posted by RiverRat1 View Post
Here's my take. We (along with all countries) will continue to print money. Inflation will increase above average here for a while. Gold/silver will never be great investments is my guess. I do own a few 100oz silver bars though.

IF America currency goes plop so bad you NEED silver or gold then the entire world is plain screwed. In that case your silver won't do you much good anyway.

A better way to keep up with inflation IMO is a good mix of stock index funds and real estate. If you don't want to(or have the time) own rental property then buy ag exempt land. Land should keep up with inflation much better than cash in the bank.
I'm assuming there is a good source out there on the Internet for ag exemption qualifications?
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Old 09-12-2017, 11:20 AM   #12
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Originally Posted by Pennington13 View Post
Exactly my thoughts commodities like gold and silver aren't a very good investment.
Rental prop is one of the other tangible assets I was referencing.
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Old 09-12-2017, 11:24 AM   #13
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I'm assuming there is a good source out there on the Internet for ag exemption qualifications?
If you buy land just make sure with the County it's already Ag exempt.
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Old 09-12-2017, 11:25 AM   #14
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I'm assuming there is a good source out there on the Internet for ag exemption qualifications?
You are correct. Ag and wildlife exemption info is online. There are even some companies that will help you obtain your wildlife exemption. My buddy used one to get a wildlife exemption for native birds on his property.
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Old 09-12-2017, 11:26 AM   #15
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If things get that bad, ammo will be more valuable than gold or silver. Just sayin'.
I think you are right
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Old 09-12-2017, 11:27 AM   #16
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Originally Posted by Livin'2hunt View Post
If things get that bad, ammo will be more valuable than gold or silver. Just sayin'.
Beat me to it, was going to say "invest in lead".
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Old 09-12-2017, 11:36 AM   #17
JLivi1224
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Beat me to it, was going to say "invest in lead".
Precious metal!
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Old 09-12-2017, 11:40 AM   #18
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i think your wife is right.
x2! She is logical
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Old 09-12-2017, 11:41 AM   #19
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Originally Posted by Livin'2hunt View Post
If things get that bad, ammo will be more valuable than gold or silver. Just sayin'.
I agree 100%...
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Old 09-12-2017, 11:42 AM   #20
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Gold is not an investment, it's an insurance policy. Nothing wrong with owning a good bit of it.
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Old 09-12-2017, 11:43 AM   #21
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http://www.investopedia.com/articles...st-in-gold.asp

Pretty much explains about investing in gold as a hedge against the weak dollar.

Quote:
Gold is not an investment, it's an insurance policy. Nothing wrong with owning a good bit of it.
Exactly right.
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Old 09-12-2017, 11:48 AM   #22
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Originally Posted by Livin'2hunt View Post
If things get that bad, ammo will be more valuable than gold or silver. Just sayin'.
Lol,he makes a good point!

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Old 09-12-2017, 11:51 AM   #23
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My concern is we can already produce man made diamonds. If/when someone figures out Gold and Silver....investors are screwed.
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Old 09-12-2017, 12:04 PM   #24
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There is a company called goldmoney that was talked about on a joe Rohan podcast with peter Schiff. You buy the gold and they ship it to a brinks and brinks stores your gold and issues a debit card made of gold that can be used just as any other debit card is. Some new kind of crypto-currency. That's all I know about it but I was going to do some more reading on it.
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Old 09-12-2017, 12:12 PM   #25
M16
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I like to see people invest in precious metals. I invest in lead. My lead will take your precious metals or anything else I might need.
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Old 09-12-2017, 12:20 PM   #26
adam_p
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There is a company called goldmoney that was talked about on a joe Rohan podcast with peter Schiff. You buy the gold and they ship it to a brinks and brinks stores your gold and issues a debit card made of gold that can be used just as any other debit card is. Some new kind of crypto-currency. That's all I know about it but I was going to do some more reading on it.
It isn't a crypto currency. It is just a bank account where your "money" is gold. When you make a purchase they deduct that much gold from your account.

The real gold debit card is not standard. Peter Schiff has one because he is loaded.



https://www.goldmoney.com/holding-overview
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Old 09-12-2017, 12:54 PM   #27
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Have some silver put away
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Old 09-12-2017, 12:56 PM   #28
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I would invest in guns.

We all saw what happens when we have a 1 day fuel shortage. I can't imagine what would happen if the dollar crashed.
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Old 09-12-2017, 12:57 PM   #29
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Originally Posted by Livin'2hunt View Post
If things get that bad, ammo will be more valuable than gold or silver. Just sayin'.
I stockpile that too !!!
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Old 09-12-2017, 01:03 PM   #30
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Gold and silver will always be worth something. The dollar isn't worth the paper it's printed on. My 2 cents
Why is that? Their value is only perceived. You can't eat gold or silver, you can't drink it. I guess you could melt it down and make bullets ... but in reality, it's no more valuable than dirt or rocks.
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Old 09-12-2017, 02:18 PM   #31
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I like to see people invest in precious metals. I invest in lead. My lead will take your precious metals or anything else I might need.
And if using your lead to take things I bet silver/gold would be last on your list. If you really get desperate enough to rob people you're probably really hungry, thirsty, cold etc. You wouldn't even look at gold.
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Old 09-12-2017, 02:30 PM   #32
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Like others have said.... when we get to the point the dollar crashes, I'm not trading my ammo for your piece of shiny metal. It may be a decent investment tool, but it's not a SHTF tool. And you don't need tons of ammo, just the skills/tools to get the ammo from the guy that has tons, if needed.
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Old 09-12-2017, 02:44 PM   #33
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Look up what happened in Bosnia during the civil war in the 90s....you'll need to time selling of your gold at right time before it starts diminishing in a total collapse scenario


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Old 09-12-2017, 03:44 PM   #34
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What would you sell it for.....dollars ????????Already stated that dollars are worthless...the original reason for investing in gold. Would you sell or trade it for a pound of hamburger meat ????
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Look up what happened in Bosnia during the civil war in the 90s....you'll need to time selling of your gold at right time before it starts diminishing in a total collapse scenario


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Old 09-12-2017, 03:54 PM   #35
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What would you sell it for.....dollars ????????Already stated that dollars are worthless...the original reason for investing in gold. Would you sell or trade it for a pound of hamburger meat ????
That's my point you would have to sell it off before it became worth hamburger meat... and how you would time that I don't know... in a scenario where there is a meltdown situation gold and silver will be worth something until it's too late and then it will be mainly bartering of goods and services

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Old 09-12-2017, 03:56 PM   #36
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Just look up the Bosnia situation it's exactly what people are scared of and gold and silver was pretty much worthless after the first month

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Old 09-12-2017, 04:12 PM   #37
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The idea that people will be trading gold and silver coins in a collapsed society has always seemed silly to me. They'll be trading fresh water, gasoline, services, etc. Gold/silver will be worthless.
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Old 09-12-2017, 04:19 PM   #38
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Ammo and bibles...have you not seen the book of eli??
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Old 09-12-2017, 04:26 PM   #39
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Originally Posted by Man View Post
My concern is we can already produce man made diamonds. If/when someone figures out Gold and Silver....investors are screwed.
Well making diamonds is simple from a scientific standpoint: you take a piece of coal, put it up your bum, and think real hard about Hillary Clinton for a week.

The problem with "making" silver or gold is that it's transmutation, or conversion of one element to another (whereas creating diamonds is merely a change of structure of the same element). Which means you'd need a particle accelerator, a limitless supply of energy, and even then, you'd be making gold on the atomic scale, not ounces of it.

So don't be concerned.
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Old 09-12-2017, 04:28 PM   #40
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Originally Posted by EarleyBird View Post
They'll be trading fresh water, gasoline, services, etc.
I'm pretty sure people will be paying the iron price for things, at least the first year after society collapses.
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Old 09-12-2017, 04:30 PM   #41
JLivi1224
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Don't worry guys, I have plenty of ammo. No guns though, I lost all those in an unfortunate incident.
A lot of interesting opinions though. Thanks for the responses!
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Old 09-12-2017, 04:31 PM   #42
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FTR, some of you are correct.... "investing" in regards to metals was a poor word choice.
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Old 09-13-2017, 12:40 AM   #43
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Originally Posted by Throwin' Darts View Post
i think your wife is right.
Have you ever know one, who thought she was wrong??
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Old 09-13-2017, 07:49 AM   #44
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Quote:
Originally Posted by Livin'2hunt View Post
If things get that bad, ammo will be more valuable than gold or silver. Just sayin'.
X2. I have that one covered.
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Old 09-13-2017, 07:52 AM   #45
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Originally Posted by Danimal14 View Post
Just look up the Bosnia situation it's exactly what people are scared of and gold and silver was pretty much worthless after the first month

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I work with a guy that grew up in Bosnia during the war. He said that money was worthless. The best thing to have stockpiled during those times are liquor, cigarrettes, food and ammo. If you have those things, you could barter for anything else you need to survive. Some of his stories from that time are scary as hell, bit hilarious too.

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Old 09-13-2017, 08:42 AM   #46
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Precious metals Too volatile, buy land for tax free investment (ag exempt) if you don't need the money quickly
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Old 09-13-2017, 08:43 AM   #47
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Liquor- Very high -% better like everclear. Can be used as fuel, medical, and to drink.
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Old 09-13-2017, 11:00 AM   #48
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Have you ever know one, who thought she was wrong??
ha ha ha. no. never met one who was ever wrong.
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Old 09-13-2017, 11:22 AM   #49
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I work with a guy that grew up in Bosnia during the war. He said that money was worthless. The best thing to have stockpiled during those times are liquor, cigarrettes, food and ammo. If you have those things, you could barter for anything else you need to survive. Some of his stories from that time are scary as hell, bit hilarious too.

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So Fred the guy that wears overalls with no shirt and smells of stink bait who runs the beer, bait and ammo shop will become the most powerful man in the county?
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Old 09-13-2017, 11:27 AM   #50
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So Fred the guy that wears overalls with no shirt and smells of stink bait who runs the beer, bait and ammo shop will become the most powerful man in the county?
Yep. Did you see how the Cajun Navy were the heros in the hurricane flood? Hank Jr. is right..... A country boy can survive.
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