| Author |
 Replies: 9 / Views: 1,839 |
|
|
Pillar of the Community
United States
1026 Posts |
Thought there was a bullion section if so can't locate it. OK I know you purchase bullion coins from bullion dealers such as APMEX and also sell them there, but if you wish to get a large quantity of gold or silver because of the world and US economy and what you think will happen to our dollar if you want then where or what do you do with your silver and gold as far as using it for cash? Moved to the "Other" section
AKA "Bullion"
-GO |
|
|
|
Valued Member
United States
207 Posts |
More than likely if the fiat currency crashed the silver and gold bullion coins could be used at face value because of the metal. However a dollar would go a lot further than it used too  |
|
Bedrock of the Community
United States
10982 Posts |
Under normal circumstances you can sell your gold & silver at most coin shops and through numerous online dealers.
In the event of a economic diaster, recognizable gold & silver would be traded or bartered for goods or services in place of ordinary cash/credit payments. Survialists often maintain a cache of gold and silver U.S. coins in their homes because they'd be instantly recognized foe their value.
Off brand bullion and non-U.S. coinage may not be easily traded thus the premium paid over spot for certain types of bullion.
|
|
Moderator
 United States
23519 Posts |
In a case like this we are usually talking about bullion coins.
If you talk about bullion bars. The price is out of reach of most and it would be hard to barter.
Bullion gold and silver coins have one thing in common.
No matter what the face value is that is not important - what is important is the weight.
One ounce of gold will bring the same value (bullion value) if it is a Krugerrand, Eagle Nugget, Maple leaf etc.
to collectors the value would be different and the markets for each gole & silver coin currently differ.
but I think you are talking about bullion trading and not collecting.
there are news letters that come daily, weekly, etc that follow the bullion price and it's rise and fall.
|
|
Pillar of the Community
 United States
1026 Posts |
Thanks for your information.
I do have small new silver dollars.
Except for the gold I have.
Think my brother-in-law made a mistake he bought 100 ounce silver bars in case there is a real economical crisis that is what I ask him what are you going to do saw off a piece to give in trade.
|
|
Pillar of the Community
United States
2335 Posts |
I think it's a non-issue. Silver & gold are a hedge against inflation, as such they should hold value against a weak dollar. When you want to use them in the future trade them in for dollars & spend them however you like.
If it gets bad enough that the dollar is worthless society will be in chaos. There will be rioting in the streets, with people killing each other right & left. The new rich will be the people with food & the means to protect that food. If it gets that bad I won't trade my food for any amount of silver/gold, & I doubt anyone else would either.
|
|
Pillar of the Community
United States
1026 Posts |
|
|
Pillar of the Community
United States
1026 Posts |
Where is the best place to get silver I got some from APMEX was happy with the sale. If silver gets under $10.00 again I want to get a very large amount of 1oz rounds. |
|
Rest in Peace
United States
2668 Posts |
I'll have food. What about a collapse such as we would have experienced if the bail-out hadn't been done? America would still be here and people would fall back on a trusted medium of exchange.
|
|
Valued Member
United States
405 Posts |
trdhrdr007 is right about gold and silver being worthless if the dollar crashes to 0 value...In a case like this,youd better just worry about having weapons to ward off the marauding gangs that want your stuff! just like in the movies "Mad Max" or "Panic in the year zero"  Edited by Mr Finger
01/10/2009 01:10 am
|
| |
Replies: 9 / Views: 1,839 |
|
Posted 12/12/2008 11:47 pm
