Thinking of selling your CRHing finds?

[jim4silver]

It is tempting with silver so high now, and you never know but silver could drop by half in the blink of an eye if the big speculators and institutional traders unload their futures and ETF positions to take profits (I don't believe this will necessarily happen but I would not mind it either since I could buy more cheaper).

An issue to think about is something called the gov "debt ceiling". This issue will be getting lots of attention in the near future. Right now the US gov debt ceiling limit is $14.3 Trillion. The issue will be whether or not they increase the debt limit so that the gov can continue to pay its obligations. The proponents say if they don't raise the debt limit all hell is going to break loose: gov defaults, etc.

I don't want to turn this into a political post at all, but an interesting point to consider is how much is $14.3 Trillion? How much is even one Trillion dollars? One way to put this into perspective is this: How many years would it take if you could spend a dollar every second of every day of every year until you spent one Trillion dollars? Answer: 31,546 years! That is just for one Trillion dollars.

When I read a few articles recently about this debt ceiling issue and considered how many Trillions of dollars are involved, it makes me wish I had bought more silver when it was below $20 per ounce.

In 2000 the national debt was under $8 Trillion, thus it seems to be growing quite rapidly. It really makes me value silver and gold even more knowing that so many dollars worth of debt have been created. My humble opinion is don't sell your CRHing finds unless you really need the money to pay bills and debts you otherwise could not pay.

P.S. You know that they will vote to increase the debt limit. There will be debates and such, but it will be raised like it has in the past. I would think that this will make silver and gold more valuable in the future.

All just my opinion. Happy New Year everyone!

Jim

 

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[mts]

Scenario #87. Society collapses, and food, water and shelter are at a premium. I'm wandering down a lonely country road, and come across a guy who has stockpiled food and water, more than he can ever use. I ask him what will he accept in barter for 3 cans of beans and a six-pack of Piels Light. He hesitates, then asks "what do you have"? I tell him i have silver...silver coins. Even though the govt is long gone, they still have value as a trading medium.....ala money. Not as much as food, water, shelter, or ammo....but my silver still has value, and is easily transportable, i.e. I dont have to lug around a case of creamed corn until i find someone who wants it!! Besides, anyone still left over after a meltdown are proly gonna be survivalists who already have water, food, etc. Conclusion? Having some silver is a good idea......but food, Piels Light and my gun come first.

Good Strategy you have except one flaw. You need gun(s) not gun. Preferably shooting all the same cartridge. I.E. Remington 700 .308 and the Bushmaster in .308 or the old Henry rifle shooting .44 and a .44 pistol. Keep it simple but keep as many as possible.

Just my .02 cents on the issue.

I'd rather have two guns with different but common calibers than two guns with the same but an uncommon caliber. For example, 9mm pistol and AR-15 or 12 gauge shotgun. Having a common caliber between guns is good. But being able to get ammo anywhere (including off of fallen enemies) is better. Being able to pick up someone else's gun to use with my large ammo cache is also a plus. That's my 2 cents on the issue.

 

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[blkcwbyhat]

Scenario #87. Society collapses, and food, water and shelter are at a premium. I'm wandering down a lonely country road, and come across a guy who has stockpiled food and water, more than he can ever use. I ask him what will he accept in barter for 3 cans of beans and a six-pack of Piels Light. He hesitates, then asks "what do you have"? I tell him i have silver...silver coins. Even though the govt is long gone, they still have value as a trading medium.....ala money. Not as much as food, water, shelter, or ammo....but my silver still has value, and is easily transportable, i.e. I dont have to lug around a case of creamed corn until i find someone who wants it!! Besides, anyone still left over after a meltdown are proly gonna be survivalists who already have water, food, etc. Conclusion? Having some silver is a good idea......but food, Piels Light and my gun come first.

Good Strategy you have except one flaw. You need gun(s) not gun. Preferably shooting all the same cartridge. I.E. Remington 700 .308 and the Bushmaster in .308 or the old Henry rifle shooting .44 and a .44 pistol. Keep it simple but keep as many as possible.

Just my .02 cents on the issue.

I'd rather have two guns with different but common calibers than two guns with the same but an uncommon caliber. For example, 9mm pistol and AR-15 or 12 gauge shotgun. Having a common caliber between guns is good. But being able to get ammo anywhere (including off of fallen enemies) is better. Being able to pick up someone else's gun to use with my large ammo cache is also a plus. That's my 2 cents on the issue.

That case of creamed corn will be worth 10x its weight in silver!

 

[jim4silver]

If things got as bad as some here suggest (mad max, etc), then I don't think there will be any "bartering" going on. If things are that bad who is going to want to let go of their "cream corn cans", etc? People would not be able to go to Walmart or any store to buy new stuff. So there would not be much extra to go around.

I think many don't realize just how chaotic and crazy things become when society breaks down even somewhat minimally--let alone "mad max". Some might envision open markets where people are trading, buying and selling etc, but if there is no law and order such a "market" could not exist.

Even if you could barter, you would probably get robbed and killed on the way home with your canned goods.

There would be people with food and people without. Those without will use their weapons to try and take it from those that do, and over time they would probably win (there will be alot more withouts than withs in my opinion). When people are starving their "manners" will disappear really fast.

Not a good scenario to be in no matter how prepared one is. Hope it never gets near that.

Jim

 

[blkcwbyhat]

100% right Jim. That was my point,I think,or intended! Would you go without food for a pile of metal,regardless of its value? Unless you had a purpose for it,as in sell for a profit,(to who?),or a use for your survival,like making a sword into a plowshare. Unless you have a use for it in the short term,its useless as barter.If you want to invest in metal for a mad max scenario,buy fishing hooks,lead for bullets,so on. Until some form of uniformity returns,you won't even be able to guess what the world rate for gold or silver would be.

 

[underdogger]

I'm LMAO!!!! I hope no one here is holding gold or silver for a potential
"Mad Max" situation. Gold and silver will be worthless then. Only GUNS
and GRAIN will have any value.......LOL. I hope I die at the beginning of
the apocalypse

Come on its pocyclipse

 

[$ilver$urfer]

I'm not thinking of selling my CRH finds anytime soon, but when I do I will probably go with Provident Metals. They have the best buy price I have seen around for 90% and 40% silver coins. They are currently paying .85 cents less than spot for 90% silver and $1.70 less than spot for 40% silver and OVER spot for silver bullion items. If anyone on here can find a better price (not on feebay or CL) please let the community know!

http://www.providentmetals.com/sell-to-us.html

HH,

$ilver$urfer

 

[jim4silver]

Saw the next video of the "silver bears" series recently came out. Caution, they say a few coarse words but lots of info on why silver is going to keep going up long term. For some reason they crack me up when I watch them. If you have never seen the first four episodes they are on youtube.



Jim

 

[T-Candy]

You will make more money trading it (selling the finds and re investing to find more and selling again) than just hoarding
silver. Money not in movement is just cash, money in movement is cash producing more cash.

Just my opinion.

Darth Walker

^ I visit the local "gold and silver" ~ 3 times a week.