|
|
Post by Cwi555 on Oct 1, 2014 14:32:52 GMT -7
Back to silver I'm sure my wife wants to kick me for buying it when it was in the 19-20 per ounce area. The ones who I think were really idiotic were those who bought it during the $45 per ounce jump. You didn't get hurt at that buy price. A bit of research will show several mines have either closed or reduced production. The average cost to produce an ounce of silver is 16.00. Most of the mines at or above that number have closed or slowed. news.yahoo.com/idaho-silver-mine-laying-off-170053430.htmlThere is no business that will remain open that sales it product below it's cost. There is a finite bottom price for physical metals due to that. |
|
|
|
Post by Cwi555 on Oct 5, 2014 18:43:26 GMT -7
There is a larger game afoot in all this. The players went all in when the LME sold out to the Chinese July 2012. Central bank/IMF/petrodollar vs BRICS.
If the former comes out on top, the BRICS nations will be decades recovering and gold/silver will never recover. If the latter wins, gold and silver will sky rocket as the US reserve/petrodollar reserve dies.
Place your bets.
|
|
|
|
Post by cowgirlup on Nov 5, 2014 6:18:28 GMT -7
Down to $15.26 this AM on APMEX. Not that you can actually find anyone selling that low but prices are very low. I noticed several items are sold out on various sites.
|
|
|
|
Post by tjwilhelm on Nov 5, 2014 8:36:56 GMT -7
cwi555...looking for your opinion...
If one decides to pull the trigger on a physical-silver purchase, is there any wisdom in selecting one form over another?
Silver Eagles? Maple Leafs? 1 oz. bars (JM? Englehardt?)? What form do you think is the best to go with? OR, is a mix of forms a good idea? If, so, what's a good mix?
Many Thanks!
|
|
|
|
Post by Cwi555 on Nov 5, 2014 13:14:22 GMT -7
cwi555...looking for your opinion... If one decides to pull the trigger on a physical-silver purchase, is there any wisdom in selecting one form over another? Silver Eagles? Maple Leafs? 1 oz. bars (JM? Englehardt?)? What form do you think is the best to go with? OR, is a mix of forms a good idea? If, so, what's a good mix? Many Thanks! At this point, I am inclined to go with neutral coinage. Neither from BRICS, nor petrodollar sources. |
|
|
|
Post by thywar on Nov 5, 2014 14:22:38 GMT -7
I would think pre '64 coins would be the best.. they're recognized by other citizens and they know what they are.. and you can buy dimes and use one of them to barter 500 rounds of .22 shells in a SHTF
|
|
|
|
Post by Cwi555 on Nov 5, 2014 14:57:46 GMT -7
I would think pre '64 coins would be the best.. they're recognized by other citizens and they know what they are.. and you can buy dimes and use one of them to barter 500 rounds of .22 shells in a SHTF It won't work. The idea that silver is a good idea for SHTF as it happens is a mistake. Silver is for post SHTF when stability starts to return. Staying neutral will become important for that. Pre 64 coins will also have problems changing in that environment. Legally, they cannot be melted, with a multitude of scenarios in which the end user will not accept them. Possession of BRICS based silver coins may find itself illegal in the most likely SHTF scenario of an economic collapse. There is already historical precedence for that one. Neutral coinage will not likely suffer that. |
|
|
|
Post by Cwi555 on Nov 5, 2014 15:04:57 GMT -7
People should be paying attention to the rash of fake bullion in the last few years. I used to be a fan of bullion, but the way things have went in the last few years, it has become important to recognize, that it may be in the minds of people you trade with. It's gotten to the point now that the only way for the average person to guarantee/verify them is to stick with coinage and the inherent assays involved in that.
|
|
|
|
Post by cowgirlup on Nov 5, 2014 19:14:46 GMT -7
I would think pre '64 coins would be the best.. they're recognized by other citizens and they know what they are.. and you can buy dimes and use one of them to barter 500 rounds of .22 shells in a SHTF It won't work. The idea that silver is a good idea for SHTF as it happens is a mistake. Silver is for post SHTF when stability starts to return. Staying neutral will become important for that. Pre 64 coins will also have problems changing in that environment. Legally, they cannot be melted, with a multitude of scenarios in which the end user will not accept them.
Possession of BRICS based silver coins may find itself illegal in the most likely SHTF scenario of an economic collapse. There is already historical precedence for that one. Neutral coinage will not likely suffer that.
That's interesting. Generic rounds are cheaper but I got a few US and CN rounds just because they are more recognizable didn't think of an advantage of non US and CN products. |
|
|
|
Post by wy21lmb on Nov 5, 2014 22:08:01 GMT -7
One problem with “neutral coinage” is, how does one know what countries are going to be neutral when everything shakes out. Even the Swiss, who have had a long history of being neutral in world politics, seem to be siding with the BRICS.
|
|
|
|
Post by Ceorlmann on Nov 5, 2014 22:38:45 GMT -7
People should be paying attention to the rash of fake bullion in the last few years. I used to be a fan of bullion, but the way things have went in the last few years, it has become important to recognize, that it may be in the minds of people you trade with. It's gotten to the point now that the only way for the average person to guarantee/verify them is to stick with coinage and the inherent assays involved in that. My lat trip to a local flea market had me come across a vendor who was selling fake bullion, and advertised it as such. Looking at the detail of each piece: those counterfeit bullion makers are getting pretty damn good. Makes me glad I bought a scale so I could check the weight of every piece I have. |
|
|
|
Post by Cwi555 on Nov 6, 2014 3:01:36 GMT -7
One problem with “neutral coinage” is, how does one know what countries are going to be neutral when everything shakes out. Even the Swiss, who have had a long history of being neutral in world politics, seem to be siding with the BRICS. Look for current bilateral currency and trade agreements. If it's not in place now, it won't likely change before the wheels come off this ride. |
|
|
|
Post by Cwi555 on Nov 8, 2014 12:36:56 GMT -7
|
|
|
|
Post by Cwi555 on Nov 11, 2014 3:44:19 GMT -7
|
|
