Econ Precious Metals

Faktory 47

Shemp

Boomerwaffen Fuddmander
Kalash Klub
Lifetime Supporter
Mar 24, 2015
13,835
59,922
1,000,001
Tesseract
Zip code
30152
Couple thinking about converting to all gold? Anybody got change for a 1 oz. American Gold Eagle for a sack of potatoes? I like silver for ease of transactions where 'minor' stuff is involved. If I don't have to 'over show' my 'wealth', I won't.
If you think you're going to use this to buy things you're larping
 

dammitgriff

Hunter
Apr 25, 2021
10
10
93
Florida
fedarm.com
Zip code
33034
The dollar’s days are numbered. Privately held gold is primarily a wealth preservation asset.
If precious metals prices rise in response to market volatility as they did in the stagflationary 1970’s, gold could hit $20K per ounce.
However, I suspect our insolvent Uncle Sam will once again decree private ownership of gold illegal, and demand its conversion to worthless dollars, before that happens.
R/Griff
 

chance

Tracker
Jul 15, 2015
958
1,073
113
Ga
Zip code
30101
I agree. Still frustrated with it. I may sell half my silver and convert to gold.
Gold is traditionally more stable, and makes a lot more sense once you get over a certain amount of value in metals. Its a pain in the ass to move around with 10 or 20k worth of silver, but that value in gold fits in your pocket.
 

dammitgriff

Hunter
Apr 25, 2021
10
10
93
Florida
fedarm.com
Zip code
33034
Gold is traditionally more stable, and makes a lot more sense once you get over a certain amount of value in metals. Its a pain in the ass to move around with 10 or 20k worth of silver, but that value in gold fits in your pocket.

An ounce of gold is about equal to two rifles/pistols. A pound of gold is easier to move around -and hide- than 32 firearms.
R/Griff
 

chance

Tracker
Jul 15, 2015
958
1,073
113
Ga
Zip code
30101
All this talk made me want to go pick up some more. Traded a benjamin for $5.50 in silver change. Getting closer to my short term goal of $100 face value in pre 1965 coins.
 

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Shemp

Boomerwaffen Fuddmander
Kalash Klub
Lifetime Supporter
Mar 24, 2015
13,835
59,922
1,000,001
Tesseract
Zip code
30152
All this talk made me want to go pick up some more. Traded a benjamin for $5.50 in silver change. Getting closer to my short term goal of $100 face value in pre 1965 coins.
I've not dipped into constitutional silver yet....
 

chance

Tracker
Jul 15, 2015
958
1,073
113
Ga
Zip code
30101
I've not dipped into constitutional silver yet....
it has its benefits and downsides. I dont think it makes sense to have a ton of it, but it is nice walking out of the store with a handful for cheap. Plus you dont feel bad handling it.
 
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