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Nickelless
Administrator
USA
5580 Posts |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 05/04/2009 : 18:36:40
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| What I am doing is putting together both .999 and 90%. I buy whatever is the best buy at the time. If things go south both will be worth weight in silver or gold. |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 05/04/2009 : 18:48:37
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Although I am not on the SHTF bandwagon, I don't think it matters too much, I think having both as investment is a good thing.
I'm not crazy about 90% premiums right now, so personally I am purchasing 999 bars (5 and 10oz, I don't like the 1oz rounds) and government issue 80,90% I can find for 15% over melt or less...
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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 05/04/2009 : 18:51:20
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If you've aleady got some .9999, I wouldn't sell to buy 90% silver. The spread between the selling and the buying will probably lose you money. I'd suggest in the future for you to acquire 90% with new money.
I think in a SHTF scenario, the 90% or other silver you have in your possession will be the way to have a nestegg for your family when things quiet down. I don't think you'll ever get the opportunity to use it to buy things; it will be too dangerous to let others know you have it. Better to use food, ammo, or other essentials (like good 'ol toilet paper) for trade.
From a pure investment standpoint, I like USA 90% silver because they are not making any more of it - supply over the years is less and less as it get melted down. Further, I think over time it will have some numismatic value. |
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 05/04/2009 : 21:01:29
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| i like both but i would not sell my pure for some 90% |
Inquiring minds want to know |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 05/04/2009 : 21:19:39
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| I think a nice mix of both 90% and 0.999 would be prudent if you think that we will have a SHTF scenario. Use 90% for bartering purposes, and hold your 0.999 to get you through to the other side when/if a new currency is implemented. I am admittely heavy in 90% relative to my 0.999 stash, but I am not going to trade what I have for the other. I guess if you are light in one area, focus your next silver area there to bring that up to a level that makes you happy. I wouldnt trade unless you can get equal amounts of silver without absorbing shipping costs. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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buyingsilvers
Penny Collector Member
441 Posts |
Posted - 05/04/2009 : 22:09:12
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I wouldnt trade it in. Just buy the 90%.
I think if SHTF does occur, people will quickly figure out the value of goods & monetary metals. Even if not, I'm sure banks or dealers will be willing to convert your silver into FRN.
I have hundreds of dollars in 40% silver that I kinda want to upgrade to 90% or .999, but I might not. If SHTF & silver prices does blow through the roof, I'd want to get rid of my small bullion bars & crappy 40% & 90% first. The "good numismatic & semi-numis" like mercurys, walkers, standing libs, barbers, silver dollars, etc. I'd not want to sell unless I have too.. |
Edited by - buyingsilvers on 05/04/2009 22:28:18 |
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wagsthadog
Penny Hoarding Member
USA
565 Posts |
Posted - 05/04/2009 : 23:34:30
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quote:
Originally posted by buyingsilvers
I wouldnt trade it in. Just buy the 90%.
I think if SHTF does occur, people will quickly figure out the value of goods & monetary metals. Even if not, I'm sure banks or dealers will be willing to convert your silver into FRN.
Hi there-
I wholeheartedly agree with this statement. If it DOES get to a SHTF scenario, where people are trading gold/silver for necessities, I doubt with every fiber of my being that some seller of water is going to sniff his nose at a krugerrand or gold 50 pesos and ONLY accept american eagles or what have you. Would YOU turn away someone with ANY precious metals whatsoever if they were willing to trade it for your surplus commodities? No? Same for the rest of the SHTF survivors....
Get a Krause catalog of world coins. That will solve almost any problem that could occur with foreign/lesser purity coins. Whats nice is that you dont need to have a current catalog to be able to find the purity/rarity of almost every known coin, especially ones that are likely to be circulating in SHTF. I have a 1979 catalog and even though the prices are off, all purities and mintages are there. Name a country and denomination and you can look it up. Doesnt need batteries.
bottom line, if it's close to spot, buy it!
JMO
wags |
Only when they CAN'T have it, ......THEN they'll want it.
I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win. |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 05/05/2009 : 04:58:05
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right now premiums on .999 are low relative to 90%. 90% is just starting to come down, while .999 has been dropping for a few months.
this is a good time to trade 90% for .999, not the other way around. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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vrbsroma
Penny Collector Member
394 Posts |
Posted - 05/05/2009 : 16:07:46
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SHTF=90%
Investment=99.9%
I like to diversify. |
As far as I know, it is stated "In God We Trust" on the US dollar. How can I trust this currency if I do not believe in God?
Possession is nine-tenths of the law.
When I give my two cents, they're always copper! |
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ME CO
Penny Pincher Member
USA
199 Posts |
Posted - 05/05/2009 : 17:02:24
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| I see the gold and silver ratio is down to 67. Maybe time comin to trade silver into gold. HH Mark |
"54/54/2280" |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 05/05/2009 : 17:06:59
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| IMO, the big advantage of 90% over .999 is that it is in small units of silver. One disadvatange is that most of it looks like clad and doesn't even say silver on it. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 05/05/2009 : 17:34:51
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| Another thing to consider is that unless you are a great horse trader most of us take a beating on the deal every time we trade off silver for gold or even .999 for 90%. But perhaps you can find someone willing to do so with a fair deal on the trade forum. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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WIZARD1
Penny Sorter Member
USA
48 Posts |
Posted - 05/05/2009 : 17:41:02
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| 90% is the way to go its cheapest safest investmant if shtf i would rather have guns ammo and liquoer and propane as investments |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 05/05/2009 : 19:57:45
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| .999 and 90% are both good for investment, imo. Liquor, tobacco, ammo, water, food, medicine will all be good trade items. I personally don't think there will be super-crazy "mad-max" SHTF, just inflation and bad economic times, possibly war-shortages as well. Also, having PMs is a good insurance policy if you are out of work for a few months. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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Nickelless
Administrator
USA
5580 Posts |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 05/05/2009 : 23:38:36
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quote:
Originally posted by Nickelless
I'd almost forgotten about this thread amid the busy-ness of the past few days. I'm not going to trade my .999, but I was curious to know what you guys thought.
It's not all that hard to have some of both.
Get anything you can if the price is right.
Don't stop at just .90 and .999, go for .925, .40 and .30 too.
There's also other percentages if you look at Mexico.
You can't have to much and variety is the spice of collecting! |
There's profit if you melt things!!
8{> |
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Should I trade my .999 for 90 percent?
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