Gold and Silver - Who's stashing some away?

[Bruce Caulley]

Ahoy!
I have been putting a bit of spare cash into buying some gold and silver.  The real stuff, not certificates or futures etc  Anyone else doing the same?  I remember CaMando on the old forum had his "bunker of joy" and was stashing it away for a rainy day so thought I'd ask.  BTW a good way to buy silver in small increments is in Australian round 50c coins.  They made a metric fuck-ton of them in 1966 when we switched over from pounds/shillings/pence to dollars here.  80% silver content.  I imagine other countries had decent silver content at soome point too in their day-to-day coinage.

Cheers

Bruce

[HTM01]

when the time comes to sell you will most likely get screwed

[TylerBeer]

Yeah the margin for buying it from someone (a gold business), and then selling it back to someone (a gold business) - doesn't make sense (to me) vs. gold related stocks.   Sounds fun though

[Shazam/TPP]

you need to talk with Yukon Cornelius, i hear he's good with Silver and Gold!!   :wink:

[DUM1]

JUST A BIT HERE AND THERE
Feels good to have the real thing just in case you might have to trade it for goods sometime, like if/when the net goes down or something.
also makes a great gift , want to see someone's eyes light up ? give them a couple silver ounces for their birthday Christmas or wedding gift .

[HTM01]

JUST A BIT HERE AND THERE
Feels good to have the real thing just in case you might have to trade it for goods sometime, like if/when the net goes down or something.
also makes a great gift , want to see someone's eyes light up ? give them a couple silver ounces for their birthday Christmas or wedding gift .

that's fine but don't plan on making a killing on it, i've collected coins and bullion,  heard too many horror stories from guy's that got divorced and had to have a fire sale and lost their shirts

[DUM1]

JUST A BIT HERE AND THERE
Feels good to have the real thing just in case you might have to trade it for goods sometime, like if/when the net goes down or something.
also makes a great gift , want to see someone's eyes light up ? give them a couple silver ounces for their birthday Christmas or wedding gift .

that's fine but don't plan on making a killing on it, i've collected coins and bullion,  heard too many horror stories from guy's that got divorced and had to have a fire sale and lost their shirts

hear that , unless you bought gold back when and held on for ten years , ... :_thumbup:

[Bruce Caulley]

when the time comes to sell you will most likely get screwed

It's a hedge against market dramas more than an actual investment, not expecting to get rich.  

And, if and when the zombie apocalypse comes, I won't need to find an ATM lol

[mkd]

Precious metals market is wicked manipulated. The big guys have been caught making fake purchases to drive the price up for them to dump. All they get is a slap on the wrist.
 Agreeing with Tyler, but i still would mind having a couple ounces in the safe.

[HTM01]

[/quote]

And, if and when the zombie apocalypse comes, I won't need to find an ATM lol
[/quote]

and gold and silver won't do you any good unless it's silver bullets

[Matthew Hajicek]

When SHTF ammo will be the best currency.  And you've always got a second way to spend it.

[byte]

[quote="Bruce Caulley" post_id=12430 time=1623800832 user_id=99]

when the time comes to sell you will most likely get screwed

It's a hedge against market dramas more than an actual investment, not expecting to get rich.  

And, if and when the zombie apocalypse comes, I won't need to find an ATM lol
[/quote]

Here, here!!
Large Investement groups all diversify into precious metals for the same reason, why shouldn't you, the more eggies in different baskets the better.