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 Replies: 52 / Views: 8,366 |
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Valued Member
United States
477 Posts |
Should I sell my copper penny hoard and other material assets before or after the Apocalypse? If I sell material assets, such as silver, gold or copper, after the apocalypse I'll get less money because we'll be using a new currency with more purchasing power. If I went and spent 30 USD on a silver round and in turn got about a dollar in the new currency I'm not really making any money now am I  ? Perhaps I'm preserving wealth and silver will increase in USD value and during the apocalypse it might shoot up to like 1000 USD an ounce because the USD is worthless. Should I then turn my sliver in for 1000 USD or wait tell the apocalypse passes by for 5 new USD? Just wondering what is general suggested idea path to take when selling precious metals during or post apocalypse economy? If copper goes up to like 100 USD a pound and I got 100 pounds of copper pennies that I got for face  I will make lots of money... or sell post apocalypse and loose money? I also think that the one think people are forgetting in investing in copper, silver, gold, is that well ... do you really think that once our toilet paper money is washed down the toilet that we would go back to toilet paper money again? My guess would be probably not  , we would probably go back to gold, silver, copper coinage, and that one could easily acquire massive amounts of precious metals and copper by just simply going to the bank. Only for the whole process to start all over again, gold is taken out of circulation, then silver, then copper... my copper, silver, gold may actually loose value  . I think the apocalypse will be a big one, as the USD goes down so does several other currencies one after the other, a global reset may be a possibility, don't know... hmmm... now there is a way to get rich, not quick but still a way to get rich... once we start a new currency, hoard all silver and gold coins as much as you can, as the currency collapses you'll be able to sell the coins for metal value... once the apocalypse happens I'll look into really investing some money so that way the new currency is fresh and far from collapsing... Edited by greenprint
08/17/2012 01:05 am
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Pillar of the Community
United States
808 Posts |
greenprint? Are you writing a book? These, um, questions of yours sound like research.
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Pillar of the Community
Japan
666 Posts |
sell right after Apocalypse ...
use paper to warm the place
Edited by bekiz
08/17/2012 01:10 am
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Valued Member
 United States
477 Posts |
I have. I think some very big things will happen within the next decade. Possibly world war three, the collapse of the dollar, we'll be more than double the average toilet paper money time span if we withstand 2020 so I don't really think it will happen. If you look at Rome, they originally had silver coinage but reduced the amount to basically no silver at all in their coins and their original silver coins were probably worth a lot of money in scrap when their economy was collapsing. Still never the less after it collapsed, other economies used silver coinage reducing the cost of silver in the new currencies. During collapse you can make lots of money selling material assets, or wait to post collapse and make basically nothing. Once a new currency starts up seems to be the time to acquire massive amounts of material assets.
Preserving your wealth in silver and gold works but post collapse your value will decrease dramatically as we go back to silver, gold, copper coinage and anyone can just go to the bank and get coins. I highly doubt we'll go back to worthless paper money. Weather or not we go back to silver or gold, I don't know, but it's how it's been for some time.
It would appear to me as if no one can really make or earn any money by investing in material assets as a long term investment today, only perhaps when a currency is fresh is the best time to invest.
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Pillar of the Community
United States
5818 Posts |
Forget about 2020, you will have to get through 2012!
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Pillar of the Community
United States
1454 Posts |
GP,
Your making a lot of assumptions, especially about the value of silver and copper in a post-apocalyptic world. We simply don't know what kind of currency will come out of a collapse. A lot would depend on what kind of TEOTWAWKI we're talking about. That's the problem I see. Too many variables.
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Bedrock of the Community
United States
10029 Posts |
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Forget about 2020, you will have to get through 2012! Nope. No need to worry about this either. The Mayan calendar predicted the end of the world in 2012. But since they did not have leap year and our calendar does, we have already passed this dat they knew the world would end. So since we already are gone anyway...  How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Pillar of the Community
United States
808 Posts |
 greenprint, In the absolute worst case scenario you are attempting to describe, your PMs will be worth whatever someone will be willing to trade for them. And, for a time, they may not be worth much. Have you considered real estate? Where you decide to ride out the bad times might help you focus on what you might actually need as opposed to literally worrying about the price of tea in post-apocalyptic China. |
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Pillar of the Community
United States
1391 Posts |
You are getting predictable greenprint. I saw the topic and knew this had to be your thread.
Still don't understand the way you think.
If 1000 old US dollars can buy a roll of toilet paper and 1 new US dollar can buy a roll of toilet paper then you are not "less rich" because you have a smaller number.
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Pillar of the Community
United States
1436 Posts |
If one believe's in the Mayan calendar theory, it would be best to sell NOW and enjoy your last few months.
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Pillar of the Community
United Kingdom
2624 Posts |
The reason to invest in silver and gold is because if you keep your wealth in USD you would expect its real terms value to fall, I would say that silver and gold will keep more value than paper money.
As to the timing of selling, during an apocolypse people will be more worried about food than silver... you can convert it after the apocolypse for a currency with equal purchasing power to your metals. You wont get rich over night, but you will have kept more of your wealth than if all your savings had been in a currency that collapsed and got replaced.
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Valued Member
United States
264 Posts |
If you think there is an Apocalypse coming then you should sell your precious metals to currency and buy food and ammunition.  If you think there will be a financial meltdown then you should convert all your currency into gold and silver. Survivalists have so many difficult decisions to make! |
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Valued Member
United States
404 Posts |
In the event of an apocalypse, odds are most of us will be long gone before a replacement goverment and new currency is developed. And for those who do survive the initial few months of complete chaos, silver and gold will not be a top priority.
If you're worried about an apocalypse, I say sell now and start stocking up on higher priority items, long term food storage, ways to gather and store water, protection, and shelter. An ounce of water will be more valuable than an ounce of silver.
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Pillar of the Community
United Kingdom
616 Posts |
Silver will be invaluable in fighting Vampires.
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Valued Member
United States
404 Posts |
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Silver will be invaluable in fighting Vampires. I thought silver was for werewolves? Will throwing silver eagles at them work? I'll start with those and work my way up to the 5 oz pucks. I'm pretty sure I don't know how to melt silver into bullets. Or I can trade my silver for garlic cloves. |
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Valued Member
United States
259 Posts |
Call me Pollyanna, but I'm gonna bet against this happening (and am investing accordingly.).
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Replies: 52 / Views: 8,366 |
Posted 08/17/2012 01:09 am
