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[BigBamBoo]

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[Ripon83]

I prefer silver at today's price compared to gold.

[GMG]

In the past month I've bought 4 1/2 oz. of gold. Not much, but a start.

[mievil]

Yeah, but I think there is a greater "perceived" value with gold. And price to weight/size is much greater with silver. I can store 10-12 oz. of gold way easier then 570 oz. of silver.

Right. But if you consider a single ounce of silver going from $35 to $40 (which can and has happened in a single 12 hour cycle) it would be making 14%. To do the same in an oz of gold, it would need to go from $1550 to $1767. It would not do that in a single day. 50 oz of silver could.

Conversely silver could do the same thing on the negative side in a single day, which makes it more risky.

My vote is silver.

[Ripon83]

The space and weight of silver is an issue in that volume. Do you have coin? Bags of US coin pre 64 are a prob the best ShTF hedge and still does really well as a commodity play. You can probably get spot price or close too. Due to as much as you are blessed to invest I'd suggest ( if it was me) 5 ounces gold, 2 equivalent gold ounces in silver maple leafs, and one in junk silver coin....

[gorblimey]

Just don't buy these:

http://www.kgw.com/news/Counterfeit-Rare-Coins-Frustrate-Local-Dealers-124107574.html

[Ripon83]

sad

Yeah I heard they were evening "minting" junk silver US pre 64 coins in China or some places in Asia. That can be a real problem. I stick to products I know on eBay and in particular a few sets of coins that I've never heard of being counterfitted. Bullion from Apmex and keep the receipts....

Just don't buy these:

http://www.kgw.com/news/Counterfeit-...124107574.html

[Oceanbob]

Neither.

Rathole the cash.

While commodities can and do climb slowly in value based on a
'Herd' mentality; they can also Freefall to hell if the 'herd' stampedes in the wrong direction based on millions of people jumping ship at the same time.

What goes up must come down.

JMO-YMMV

Bob

[MudCamper]

I just can't bring myself to buy at today's prices. So what I do instead is stockpile more ammo. It'll be a great currency in PAW and if not I will at least eventually get around to shooting it.

[Ripon83]

Well

Ok, but as long as you have some its probably not a big deal. If its $3,000 you will probably get a bunch more for your ammo and reloading supplies too. If its $750 though - then you'd be glad you had the cash. I'm sitting on some cash right now and it makes me nervous but at the same time I am beginning to fear a deflationary state as much as an inflationary one. To which cash will be great.

Yeah...I am leaning that way too (more,ammo,reloading supplies,another AR,etc.). But again...I will probably look at gold prices in 6 month and it will be $3000+ an ounce...thats just the way it seems to work with my decisions. <sigh>

[Seeker]

Ok...with all this talk of gold and silver I am thinking about buying some more gold...probably 8-10 oz. (about all I can afford right now).

But with the current price, I am thinking it is a bit much. I know some folks think it is going to hit $1800-2000 an oz., but I am not to sure...then again I never thought it would be where it is currently.

Input and thoughts please.

You should only be buying gold or silver is you have monetary(cash) assets just laying around in a bank or something. You cant eat gold or silver so food, water, guns, ammo and other basic survival supplies should be your first priority. If you dont feel you are really ready for when STHF you shouldn't be buying any precious metals.

For example, if you have $600,000 in the bank just laying around it would be wise to spend a vast sum of that in gold or silver, but if you're living paycheck to paycheck with very minimal in savings DON'T waste your money.