Collapse In Gold Prices And Coins - Page 2

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Author	Replies: 22 / Views: 4,453	Page: of 2

paralyse Bedrock of the Community United States 12057 Posts	Posted 07/21/2015 6:29 pm Incidentally, in the event of a financial collapse, you can keep your (valuable but not very useful) silver and gold coins; I'd rather have medicine, water, food, and ammunition (useful but not very valuable.) Starving to death, being sick, and being dehydrated while anarchists loot your undefended property is not a good way to go out, unless you plan to throw the coins at the anarchists, eat the coins, or try to compound them into medicines. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis Report this Post to the Staff
thecoinguy1964 Pillar of the Community United States 1308 Posts	Posted 07/21/2015 7:11 pm I have water, I have food, I have ammunition, I have toilet paper, and yes I have silver. All will get me through a shutdown of some sorts. Heck if it's gets much worse than that, dare I care to survive? I'm 51, and I expect worse times ahead, if the US debt is ever taken seriously, as it should, it'll make Greece look like child's play. I've accumulated silver yes, because the paper money won't be worth the paper it's printed on. Report this Post to the Staff
paralyse Bedrock of the Community United States 12057 Posts	Posted 07/21/2015 7:18 pm TP trumps all. No TP = miserable existence for sure! Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis Report this Post to the Staff
tpg22 Pillar of the Community United States 919 Posts	Posted 07/21/2015 7:46 pm In 2001 and 2002 you could purchase common MS63 Saints for around $450-500. A quick search on Heritage will show this. It will take time but chances are as gold moves down so too will common Saints. It will be interesting to watch over the next month to see if the quick $100 per oz drop does anything. I'm hoping we test $800-900 and $10 silver. Report this Post to the Staff
Cascade Pillar of the Community United States 7390 Posts	Posted 07/21/2015 7:48 pm If silver drops to $10 I'm buying a litteral ton of it. Or as close as I can get Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 07/22/2015 10:45 am Quote: In 2001 and 2002 you could purchase common MS63 Saints for around $450-500. But in 1979 and 80 they would have cost you $1200 or so because gold was much higher. So the Saint Gaudens DO track up and down with metal prices, but like I said they track down slower than they do going up. Report this Post to the Staff
terry8835 Pillar of the Community United States 1450 Posts	Posted 07/22/2015 4:51 pm I used to go to auctions and buy silver bowls, trays etc for just the spot price of silver. It was amazing that I would just multiply the oz's of silver by the spot price and come out with a pretty good result many times. I should have just stacked it up in my storage room, but I just bought and sold it. If you want to make a large pile of money into a small pile of money just play the bullion market. In 2009 it collapsed right along with the stock market and the housing market. Report this Post to the Staff
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