Monitary issues
Precious Metals
Recently I have become interested in investing into silver with my son as a hobby. Many survivalist say that it should be something we buy and save to protect ourselves in case of an economic collapse. Like other investor n00bs I have many questions regarding what kind of silver to buy. I just read a post over at survivaal Blog about this subject. Head over there and read the letter and reply.
I will post more about collecting silver as I learn. If anyone has any expertise in this area please add your wisdom. I know that buying silver can be a little tricky as the price of silver is usually more than what the market worth per ounce is.
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2 comments for “Precious Metals”
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I’m investing heavily in enriched uranium at the moment.
Dear Sir,
I have been buying silver quarters for years. They are 90% pure silver and you don’t have to pay a markup over the price of silver when you buy them. I buy mine locally from LA Coin Exchange, so I’m sure there is a coin business in your area where you could acquire silver quarters. Another neat thing about silver quarters is that they look like regular quarters. So, in a financial collapse people seeking to rob you would probably not recognize them for what they actually are - silver. Since the dollar would be worthless in an economic collapse regular quarters would be even more worthless and a crook wouldn’t give them a second look. However, silver and gold “should” always be of value even in an economic collapse.