WWIII, silver prices, and my Coin Roll hunting Poll

[SilverForBrains]

The end of the 1 mo. period is getting closer where we find out who is the winner for the silver dime. thanks to all who put in a guess! a brief spoiler, the consensus is that silver would be higher, and it's looking like that's the direction it's going in.

Russia is now sending troops to small towns outside Crimea? is this the start of something really big? WWIII? The second USSR? I am thinking now's the time to stop CRH and start straight out buying. Thoughts, opinions? The next few months will be big geopolitically, The amount of silver I can procure CRH may not be worth missing the opportunity to take those funds and buy in what may be considered an incredibly low price.

life gets more interesting everyday

time for a beer

 

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[SilverFace]

You mention some good points that are definitely worth considering. To be honest I haven't been following the current geopolitical situations and developments as closely as I should. Other than fiscal and monetary policies and issues I've simply lost interest in most current affairs and over the years I've been focusing on studying and learning more about history and economics....true honest history and real economics .....not the nonsense and propaganda that I and probably most of us were and are still being taught in public schools today.

Because I've finally had a proper education and explanation of basic economics and sound money I now understand and appreciate the value and importance of real money. So for quite some time I've been convinced the US dollar is unfortunately not only worthless but the biggest con in the history of the world and very confident that its just a matter of time before PM prices will be going much higher in the future. And the current geopolitical developments you mentioned are another reason to be concerned about owning US dollars and to appreciate owning real money with real intrinsic value.

 

[fistfulladirt]

This game involving the dollar can be played out for a very long time.

 

[Gold Maven]

It's hard to pull the dollars out of the bank and convert them to gold or silver, when the prices could drop.

If the banks collapse, which seems to be unavoidable, we will all think wtf were we waiting for.

 

[StevoCBR]

Great question in my mind Silver for Brains, I think you bring up a excellent question. I personally think the answer is yes. I quite CRHing ag for the most part years ago when it was nothing but skunks and my time and gas and wear n tear on my vehicle was far out weighing the finds and just started buying. I, like a lot of Ag hoarders on here believe that we just need to keep stacking and at some point that will payoff.

Fistfull does make a good point and I personally believe that the only reason the dollar hasn't collapsed already is because they are propping it up. But i share Albert Einstein's views, "Nothing that can't go on for ever, will" So when is the million dollar question.

But with the geo-political that is going on. And the further you research and understand what is going on, Iran, Arab Spring, socialism, the fact that after WWII they tied the worlds monitory systems together, and that the US dollars day's are numbered as the world's reserve currency, the fact that half of the people in this country have been conditioned to expect and demand handouts instead of embracing capitalism and freedom and hard work, etc, etc and I good go on for days.

So who knows the timeline and when except God and the fabian socialist's, but yes I think it is wise to be buying what you can afford.

I have some friends that have started buying silver in small quantities, mainly young professionals. But they also want to buy new release Dvd's, etc. And I harp on them that personally until you have 1500oz, you should really think about eliminating dumb purchases and focus on stacking. Because your right, when the game is up and it will happen very fast. There will be no PM's left to buy at your LCS. Because personally, knowing what I know if you don't have that much, I feel it's worth in the long run to make those sacrifices now, ie second job, etc to acquire more Ag.

And yes and you can quote me on this. There will be a day, more than likely sooner than later. That WE WILL ALL say man remember those days when you could go buy it for $25 an ounce and it was still available. The more you educate your self and understand the markets and supply and demand, it does paint a picture that there is huge upside to owning in my opinion.

But don't take my word on it, go look for yourself. And just like Rileyboy has always said It's still out there. Well so are the facts!!!

 

[bottlecap]

Not to get off topic from WWIII etc., but what is the most common way you buy large quantities of precious metal? Are you buying bouillon off the internet or somehow ordering bricks of silver? I guess what I'm asking is if I wanted to invest in silver what route do you recommend?
What are the chances of silver decreasing greatly in value? Slim to none? Looks like there are a lot of different options for buying silver, coins, bars, silver that looks like a dollar bill.....

 

[SilverFace]

This game involving the dollar can be played out for a very long time.

Yeah its been playing out for way too long and the longer its played the worse its gonna be in the end. Its an extremely serious dangerous game that should never be played in the first place. Eventually we all will just have to put the play money away and be responsible and face reality and start using real money again. No Ponzi schemes ever last forever. The US dollar continuing to be accepted as the worlds reserve currency after the US government decided over 40 years ago to blatantly declare it worthless by no longer backing the dollar by gold is the biggest con and Ponzi scheme in the history of the world (even bigger than social security which is another huge problem we will be facing soon). This is only going to lead to complete disaster in the end. The Feds policy to monetize and inflate our debt away destroys the value of our currency but eventually our creditors are going to finally wise up and stop playing this ridiculous game and the dollar index will crash as it unfortunately should and PM prices will soar. This isn't a matter of opinion this is just economic reality which we will all have to face soon. The important thing is to understand the truth and be prepared for the inevitable.

 

[StevoCBR]

Not to get off topic from WWIII etc., but what is the most common way you buy large quantities of precious metal? Are you buying bouillon off the internet or somehow ordering bricks of silver? I guess what I'm asking is if I wanted to invest in silver what route do you recommend? What are the chances of silver decreasing greatly in value? Slim to none? Looks like there are a lot of different options for buying silver, coins, bars, silver that looks like a dollar bill.....

The best place to go is reputable LCS, I personally would check BBB website to see if there is any complaints and a rating. Can silver dropped drastically....yes. The facts show that through silver ETF's aka paper silver JP Morgan and other big banks have manipulated the price of silver, and the CFTC (US governing body of commodities) has turned a blind eye...look at silver prices in April 2011' Personally depending on how much you want to buy, I think a good mixture of 90% US silver coins, 1oz rds, 10oz rounds and then 100oz bars in that order. Dealers right now are $2-$3 over spot per ounce and that is standard. You can try Craigslist...but be careful some will search for better deals closer to spot. I would only meet someone off CL in a bank lobby....lots of cameras and that would deter any would be thief...but if you got the jack just go to a LCS. Good luck

 

[bottlecap]

Thanks Stevo. Just thinking about eliminating some small spur of the moment purchases and instead buying some silver, could add up quick and if I am not emptying my bank account it really can't hurt, if the price tanks just hang on to it and hope for better days. Looks like there are actually some fairly reputable sellers right on ebay, if something was off with them it would surely be reflected in negative feedback. Thanks for the tips. I will start small with an Oz here and there, then maybe get some 10 oz bars, could turn out to be a great investment.

 

[foofighters]

Living in the great state of MN bottlecap you have the pleasure of paying sales tax on bullion purchase at a lcs.

But if you are going to order an oz here and there the shipping will be as much as the tax or more.

I'd find a LCS and start a relationship. Places have been known to forget about the sales tax if you are paying tax and come in regularly.

I cant recommend anyone in the west metro but I have been to the gold and silver store in st. cloud. Not a bad little shop.

Do a web search on gold and silver stores in the metro area and don't over look the pawn shops. Sometimes a guy can work out all right deals on 90 percent coinage at them.

 

[ArkieBassMan]

This game involving the dollar can be played out for a very long time.

And when the dollar does finally collapse, they'll begin printing "New Dollars" and start all over again.

 

[fistfulladirt]

Bottlecap, some of us on here consider PM's as insurance, more than an investment.
I tend to shy away from ebay, but have made PM purchases there (90%) in the past.
Local dealers are face-to-face easier and safer to deal with.
My "investment" in PM's has not done very well dollar-wise in the last few years, but, I believe a rigged market is keeping prices low, and cant continue forever.

 

[xrunndonex]

This Russian thing will not start a wwIII lol. Do you know what Russia is trying to do? It has to due with the black sea

 

[bottlecap]

Living in the great state of MN bottlecap you have the pleasure of paying sales tax on bullion purchase at a lcs.

But if you are going to order an oz here and there the shipping will be as much as the tax or more.

I'd find a LCS and start a relationship. Places have been known to forget about the sales tax if you are paying tax and come in regularly.

I cant recommend anyone in the west metro but I have been to the gold and silver store in st. cloud. Not a bad little shop.

Do a web search on gold and silver stores in the metro area and don't over look the pawn shops. Sometimes a guy can work out all right deals on 90 percent coinage at them.

Well I did a search and it looks like there is a pretty reputable LCS about 10 minutes away. I will be paying him a visit with the thousands of dollars I am about to make sifting through these stinking boxes of nickels!

 

[SilverFace]

And when the dollar does finally collapse, they'll begin printing "New Dollars" and start all over again.

After the US dollar finally collapses we will have to start all over again by going back on a gold standard, otherwise there will be no buyers for our "new dollars" regardless of how much the Fed prints.

 

[xrunndonex]

After the US dollar finally collapses we will have to start all over again by going back on a gold standard, otherwise there will be no buyers for our "new dollars" regardless of how much the Fed prints.

Nope china will buy america and we will be under chinas dictatorship.

 

[SilverFace]

Nope china will buy america and we will be under chinas dictatorship.

Well if that were to happen Im not really sure if that would be better or worse than what we currently have in this country now. In many ways China has more freedom and free-market capitalism than we do in the US today.

Btw, I just checked and silver prices were down a little today to about $21.13. I guessed $21.12 for the contest so I'm pretty close right now but I know prices can change a lot in the next 10 days. I actually hope one of the younger members of this forum who might be just starting their coin collections wins. Good luck.

 

[fistfulladirt]

After the US dollar finally collapses we will have to start all over again by going back on a gold standard, otherwise there will be no buyers for our "new dollars" regardless of how much the Fed prints.

That would be great, but it wont work. If we do go back to a gold standard, it will be under another country's currency. You see, this country is broke, and has no gold.

 

[SilverFace]

Not only is our country broke we are the largest debtor nation in the history of the world and our debt is only going to be increasing at an alarming rate in the years to come. In addition to the current $16+ trillion in national debt I've heard figures in the range of an additional $100-$200 trillion owed for unfunded liabilities. And what is going to be our continued monetary and fiscal policy? More spending, debt and inflation (QE). To say the current state of our economy is complete irresponsible financial insanity is an understatement.

 

[ArkieBassMan]

After the US dollar finally collapses we will have to start all over again by going back on a gold standard, otherwise there will be no buyers for our "new dollars" regardless of how much the Fed prints.

We will never again be on a gold standard. Like FFD said, most likely there is no gold. Even if we do still possess some, there isn't enough. Government will never again limit itself to that extreme.

There will be plenty of buyers, in this country at least, for the New Dollars. We will have no choice in the matter. All of the old dollars will be converted into New Dollars at a rate of somewhere between 100-1 and 1000-1 and it starts all over.