Can I ask a stupid question that's been bugging me? What type of SHTF scenario are you guys planning on that silver will be a valuable asset? The only one that makes sense is a financial collapse but other than that wouldn't goods like food be worth far more..... If your starving I'm not gonna trade my chickens for a hunk of metal when I'm sure there's plenty that could be looted or just left lying around. Not being a smart ass just really curious how this goes towards prepping? I understand if you have a ton of silver how it could benefit you but don't see the big picture.
PS sorry for the thread jack.
...Almost better than sex and guns (well, not really) but still a fun and smart activity...Thanks again, Zero
Something to keep in mind: IN charges sales tax on gold/silver sales. IL does not. That's a 7% savings right there. Maybe not worth driving to IL just to purchase but if you're over there anyway........s.
I guess I just don't understand enough about economics but I would think the value of that gold will collapse just as fast as the value of the dollar. If the US economy is out of the equation that gold will lose a huge percentage of it's value unless you can access a global market. Gold's value is driven by the economy because people can afford to pay X amount for it once people can no longer afford it does't it devalue? I guess I'm seeing it as you would have to have extremely large sums 100k plus to have a true benefit in a financial collapse. But I guess you have to start somewhere.
Cyprus is failing, Europe is unraveling....and silver FELL over a dollar in the last few days?!?!?!? What am I missing? I read where Cypriots and others in Europe, were moving money out of cash in Europe to tangible assets in the US (land/gold/silver) Why the drop?
thats funny I have bought from three different coin shops in north central indiana for years always in cash and never paid sales tax. now if you're using plastic that might be different