Purchasing silver

[aquallascott]

Hello brothers and sisters! It's become very evident that the dollars is going to collapse, and even though I should have been investing in silver, I didn't really believe I needed to. A few questions.
I'm 21 and making a decent amount of money. Still living at home, and won't consider college until after the collapse and things become stable. College (for the most part) is literally such a joke, and I'm already taking guidance from the gods career wise.
I was wondering what is a trusted site where I could purchase say... 40$ worth of silver a paycheck?
What makes purchasing SILVER instead of gold so important?

 

[enemyofjezzuz]

You might buy 100 ounce bars of silver, but I think they are too bulky.  These are for people that have huge amounts to invest, and they are usually cheaper per ounce.  But, imagine going back to a time when the dollar meant something.  Imagine going to a store to buy a horse carriage for around $100 (in 1897, yes they were really that cheap for a good one).  You have a $50,000 bill on you.  Back in 1897, a dollar was really a dollar, not a toilet paper as they are today.  Do you think you are going to get fair change back?
You might not think of this as an issue today, with a 100 ounce bar costing around 1700 toilet papers.  But, imagine the price of silver hitting its true value around 7,000 [January 2014] toilet papers per ounce.  You are walking around with what amounts to a $50,000 bill.  At the same time, the price of housing, cars, and other major items goes way down because no one can afford them or because the value of your silver goes up by huge amounts.  Suppose you can buy a house with a few ounces of silver.  How are you going to break off 3 ounces off your 100 ounce bar and get 97 ounces back?  For practical reasons, you are better off getting five tubs of 1 ounce rounds, which are not that much more expensive per ounce.
Another problem is fake silver bars.  While it is not cost effective to do this with 1 ounce rounds, 100 ounce bars are another matter.  What these are is a tin-molybdenum alloy that has the same specific gravity as the same volume of silver.  Mix the right amount of tin and molybdenum, and plate it with a thin plate of silver, and it will be very difficult to tell that you have a bad bar.  And when you go to redeem it, how will whoever you are redeeming it to know that it is real?  The 1,000 ounce bars suffer the same problem, and are best left for industrial users because their weight varies from the standard.

 

[Nicolas Thibert]

Thank you very much for your reply, it makes sense.
Buying multiple tubs of 1 ounce rounds is a great idea.
 

To:
From:
Subject: RE: Re: Purchasing silver

  You might buy 100 ounce bars of silver, but I think they are too bulky.  These are for people that have huge amounts to invest, and they are usually cheaper per ounce.  But, imagine going back to a time when the dollar meant something.  Imagine going to a store to buy a horse carriage for around $100 (in 1897, yes they were really that cheap for a good one).  You have a $50,000 bill on you.  Back in 1897, a dollar was really a dollar, not a toilet paper as they are today.  Do you think you are going to get fair change back?

You might not think of this as an issue today, with a 100 ounce bar costing around 1700 toilet papers.  But, imagine the price of silver hitting its true value around 7,000 [January 2014] toilet papers per ounce.  You are walking around with what amounts to a $50,000 bill.  At the same time, the price of housing, cars, and other major items goes way down because no one can afford them or because the value of your silver goes up by huge amounts.  Suppose you can buy a house with a few ounces of silver.  How are you going to break off 3 ounces off your 100 ounce bar and get 97 ounces back?  For practical reasons, you are better off getting five tubs of 1 ounce rounds, which are not that much more expensive per ounce.

Another problem is fake silver bars.  While it is not cost effective to do this with 1 ounce rounds, 100 ounce bars are another matter.  What these are is a tin-molybdenum alloy that has the same specific gravity as the same volume of silver.  Mix the right amount of tin and molybdenum, and plate it with a thin plate of silver, and it will be very difficult to tell that you have a bad bar.  And when you go to redeem it, how will whoever you are redeeming it to know that it is real?  The 1,000 ounce bars suffer the same problem, and are best left for industrial users because their weight varies from the standard.

 

[parkerm777]

Again I see people here trying to live and learn to survive in this world together.

 

[frizzard56]

Yeah, this is a really great post, thanks!

I'm gonna tell everyone I know about investing in silver.

When I can afford it, I'll get right on it myself.

 

[alex chapman]

this whole purchasing silver thing, is this just for America, or is it targeted at the rest of the world? im a little confused by it since it seems to be making out that its only American citizens that need to be prepared, do tell me if im wrong so i can start buying silver (im a british citizen btw)
HAIL SATAN!!!

 

[exarkuun1991]

What I understand is, if your currency is NOT based on gold/silver, buy silver. USA has debt based currency, which means the piece of paper has no value, hence, "toilet paper"..which I imagine is quite uncomfortable...

 

[enemyofjezzuz]

Is your currency backed by gold or silver?  And I mean fully backed, as in you can redeem a note for the denominated amount of gold or silver on demand?  If not, buying silver is also for you.  Yes, the euro might survive longer than the toilet paper dollar, but it too is toilet paper.  The yen may also survive a little longer.  And I am referring to weeks, not years.  British pounds are also based on debt, and hence toilet paper also.
And, once the US dollar becomes toilet paper, the price of silver is going to rise drastically and availability be cut off.  Even if the pound, euro, or yen (or yuan) still have nominal value, silver will be just about impossible to acquire, and everyone is going to want in at the same time.  Just bear in mind that you do not want to go into debt, sell all your belongings, or neglect other financial obligations just to buy silver.  And you do not need to be intimidated into thinking you need monster boxes of silver at a time--a small sacrifice may afford you a silver dime or a 1/10 ounce round.  High upfront costs may be a valid excuse with gold, but not silver.  At least not yet.

 

[[email protected]]

i think you should don't bankrupt yourself but definitly buy silver

  this whole purchasing silver thing, is this just for America, or is it targeted at the rest of the world? im a little confused by it since it seems to be making out that its only American citizens that need to be prepared, do tell me if im wrong so i can start buying silver (im a british citizen btw)
HAIL SATAN!!!

[/QUOTE]

 

[nicolasthibert]

Hi y'all,Now that I own plenty of physical silver, I'm considering to transfer a portion of my money savings to BitGold.I've done my research and BitGold is a great opportunity to counter the incoming hyperinflation.I'd like to hear from anybody who is knowledgeable on that matter or has used it.Thanks in advance
Hail Satan!Hail Uvall!Hail to Hell's Army! 

 

[babyb00m]

BitGold is virtual gold, not real gold. If you buy bullion from BitGold, you will have a digital number on a screen that says you own however many ounces of gold. If a crisis happens and the internet goes down, you will lose all of your virtual gold. Buy physical gold that you can bury in your backyard and dig up if you need to.