Bullion Crazed

"Does anyone seriously think our currency will collapse?"

If it does, guns and gun ammunition will be worth more then silver.

Today, I bought 20 90% silver half dollars for $100.00. I think I did OK?

I don't think the currency would collapse. Gold and silver are like any market with a supply and demand. The whole "currency might collapse" thing probably adds a couple dollars on the spot price because some people actually believe this idea and purchase gold just for that reason. Gold is used in so many things these days, from electronics to jewelry. With computers selling like hot cakes over the past 10 years, this could explain why gold prices have been steadily rising, except now, due to the recession.

See, if Gold was such a life saver for world collapse than why did the price of gold drop at all during this current recession? It's because there is no real demand for gold right now due to the recession. People aren't buying as much jewelry these days or computers because people are saving their pennies. I just recently got laid off from my job due to the recession; I was in the Metal-Working industry for commercial and aerospace construction.

Gold is like any other commodity.

I guess if your particular countries dollar collapsed but the rest of the world was not affected by your dollar crash, than I guess Gold would be a life saver.

I think gold has been rising this month because of investor buying while its low, I don't believe the price is rising because of Supply and Demand.

I always wondered what people would do with all their silver if our currency did collapse. You can't eat metal. Wouldn't they be better off buying land to live off of?

I heard Bill Gates is hording world Seeds and has them in a bunker in Amsterdam. See, that's the mind-set you need to deal with world collapse. Chemically free Seeds are an interesting investment due to the current trend among growers that genetically alter crops to produce larger and faster food.

I'm hoarding free pizza coupons.

large transactions of 5,000 plus ounces will get you pretty close to spot. Smaller items such as 10oz and 1oz you run into the fact that dealers still have inventory that they paid $15 plus an ounce for and are unwilling to take a loss on it. Just my 2 Cents worth..... If I was worried about a collapse I would be investing in non-perishable food stuffs. I guess that explains whiy there is no room in my pantry for any more rice and beans......

Yes, food storage. When the car is paid off next year that money will go to food storage every month. My buddy plans to start utilizing his food storage to rotate it. I may do that to some extent, but food pantries are always open to unexpired food goods.

An investment, food security, and a tax deduction. Works for me.