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10 Comments

  1. Been silver stacking as budget permits. As I figure it, I have approximately 11-12 pounds in 1 oz rounds (non-government minted) .999 pure, as well as a variety and assortment of “junque” silver (worn coins). I generally take $100 out of my monthly paycheck, and buy what I can (5-6 oz).
    Lather, rinse repeat.

  3. “Poised for a break”…..I pointed out to Mrs. WF that what we’re considering to purchase is already price-impacted due to the devaluation caused by QE. I found ads from just 2 years ago and compared items like arms, camping equipment, water containers, coolers. Many items made with the cheap US crude oil produced in that period.

    Ten to fifteen percent price increase is shown in just 2 years. That’s serious dollar devaluation, alright. Not inflation.

    IOW, Hg at 15 bucks now is the same as $13.50 actual 2015 valuation, IMO. Hedge now.

  4. [[[in the event of a full-blown collapse. It is wise to have some silver coins on hand for barter!]]]
    Who is going to accept silver for a tangible in a full collapse?
    Silver (all metals) only has a value because we say it does.
    With out a ‘societal order’ the circle that produces this ‘value’ is broken.
    Sure, a merchant/farmer that is self reliant with extra product might accept silver for his goods; but that is only with the intent that the societal order will be reestablished and he can cash in.
    Thoughts?
    Thank you.
    PS: I do hold silver as investment; full collapse? I think it will be worthless…..

    1. Silver has value because it has over 40,000 chemical,medical and industrial uses that can’t be substituted. One of the best antimicrobials,a coin in a container of water can prevent microbial contamination

  5. DW
    If what you are saying is you cannot eat silver I agree. We should all consider layering in wealth preservation the same way we layer in security.
    Food and water production and storage, tools, PMs, etc.

    90% American silver coins were real money when the prices of food and gasoline were based upon silver certificate dollars and our gold reserves.
    I believe we need to consider the probability that the economy that survives will include the use of bartering tangibles to include precious metals. You identified the merchant/farmer.
    “Cashing in” will be maintaining civility and living to fight another day.
    I am old enough to remember when a silver US dime or quarter was real money with real value. I gladly traded my baby teeth for mercury head dimes.
    Like you I enjoy investing in silver while I can still afford to do so.
    Just my 2 (wheat) cents. God bless.

    1. I see silver as an advanced prep, in that once you have all the beans, bullets and bandaids you can use, what do you do with additional funds?

      Obviously we invest those funds for the future and put it into something that we believe will be worth more in the future. Traditionally the most common investments were stocks, bonds, income producing property, etc. But what if these seem to be in a bubble?

      Its is obvious to me that the powers in charge have perfected their manipulations of the current financial system with their LIBOR rigging and plunge protection teams. Silver is one of those items with its historic 90:1 valuation to gold, and hasn’t been a good investment over the last 10 years.

      But I look at the mountain of debt on every level, the unfunded liabilities of governments, the growing inflation, global unrest, historic P\E ratio’s of stocks. All of this points towards a bleak future and holding dollars or stocks or bonds seems risky.

      So I keep a portion of my excess cash in silver and gold rather than dollars. In a full collapse it will continue to sit there until some new system is established and I expect it will as always have a value, realizing it might be my children or grandchildren that eventually profit from my foresight.

      In the more likely slow implosion to come I use Venezuela as my sounding board. If I lived there today would I rather have 15 Bolivars or 1 ounce of silver.

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