Econ Precious Metals

Faktory 47

Huddy

Tracker
Lifetime Supporter
Jan 5, 2016
564
1,499
113
Cumming, GA
Zip code
30040
I suppose the real answer lies in, to what purpose, or what end, would you purchase said pm for. If the goal is to own something to act as a wealth storage system to ride out "the bad times" then gold would be the way to go simply for holding more value per volume. If the goal is specifically to barter during "the bad times" then silver offers a more manageable value per volume and thus offers an advantage. The issue that I always see with the pm discussion is that people start assigning current, or predicted, US dollar values to pms for barter purposes...and during total shtf, that goes out the window. If your fam is starving, you'll trade every ounce for food...thus the value of pm varies per individual transaction and situation.
 

Balthaz

Gone In 60 Seconds
Site Supporter
Kalash Klub
Lifetime Supporter
Mar 26, 2015
5,597
28,961
113
Dallas Ga.
Zip code
30132
Right now silver seems the be the best thing going.
I have not bought any gold in a long time.
just been stocking up on silver with what little extra cash I have after buying ammo.
 
  • Like
Reactions: lesptr and karlvv

oio

I suck dick
Nov 17, 2015
1,686
5,739
113
Alpharetta
Zip code
30009
I dabble in precious metals as well, but not silver or gold.
platinum/palladium/rhodium
much higher return
 

chance

Tracker
Jul 15, 2015
958
1,073
113
Ga
Zip code
30101
The biggest thing is to just keep converting cash to metal. Silver is a great choice up to a point. Storage could become an issue, but the potential for higher returns is there. Gold seems a little more stable, and its wealth density is obviously way higher. You can also convert between the two when the gold/silver ratio makes one metal “cheaper”.
Im about 65% silver 35% gold with a variety of sizes and types. I only started buying in July 2020 and its amazing how much value you can rack up in PM pretty easily. Normally I would be buying gun stuff and other hobby stuff with this money.
 
  • Like
Reactions: Grunk and Shemp

Shemp

Boomerwaffen Fuddmander
Kalash Klub
Lifetime Supporter
Mar 24, 2015
13,835
59,922
1,000,001
Tesseract
Zip code
30152
The biggest thing is to just keep converting cash to metal. Silver is a great choice up to a point. Storage could become an issue, but the potential for higher returns is there. Gold seems a little more stable, and its wealth density is obviously way higher. You can also convert between the two when the gold/silver ratio makes one metal “cheaper”.
Im about 65% silver 35% gold with a variety of sizes and types. I only started buying in July 2020 and its amazing how much value you can rack up in PM pretty easily. Normally I would be buying gun stuff and other hobby stuff with this money.
Between RC and PM I'm pretty much done with guns. It's just too expensive
 
  • Like
Reactions: chance