I don't have anywhere near my wealth in precious metals, maybe a hair under 1%. I have firearms I hope I never have to use (for self defense), I have emergency food supply I hope I never have to use, I have car and home insurance I hope I never have to use. This, other than for S&G, I hope I...
It's not a coin, it's a 1 oz bar. It is sealed in plastic with serial number printed on the back. Also comes in a sleeve. I got this from Costco.com so getting it is as easy as getting anything from their website except you'll have to sign for the package. Aside from Costco there are a dozen of...
So your question was rhetorical then. If things get that bad people will still need to trade for goods and services. At that point money is worthless (or worth a lot less) so precious metals are the most viable thing worth exchanging for.
I'm sure your question in rhetorical but you don't "invest" in gold, silver, or any precious metals the same way you would stocks. Those are hedge against the dollar dropping. You just kind of buy them and leave them in the safe. If and when the value of the dollar tanks the value of the metals...
I have tons of ammo for all of my firearms too, no gasoline though. I do have 3 5-gallon gas can and a 2.5 gallon one. I suppose I can fill them up and get a bottle of Stabil to keep them around and rotate the inventory once in a while. As for silver bars, the most common ones are 1, 10, and 100...
Actually I picked up a couple of the Lunar Year Dragon 1 oz bars from their website. Since then gold prices have gone up nearly $500/ounce. I have some coins my father left me from the early 1980s. Silver prices are dropping so I'm thinking of picking up a stack of coins.
Anyone here dabble in those two precious metals? I'm not talking heavy investors but rather buying some just to have around and maybe eventually grow your inventory in case the dollar goes to crap.