Unchained Preppers
General Category => General Discussion => Topic started by: Grudgie on October 02, 2012, 03:42:45 PM
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It's about time I put my USDs in gold. Does anyone know of any good no nonsense gold sellers? I'm not looking to hunt for weeks on the lowest markup from shady vendors. I'm just looking for an honest price on gold Eagles, Buffalos, possibly krugerands or some sort of ounce bars. Can anyone recommend some good sellers? I'm new to the precious metal game so I'm lose in the cage.
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Honestly, put it in something else unless you are a millionaire, even then, there are things you can buy to better prepare than gold. You can't eat it, you can't shoot it, and money and gold become useless when the SHTF or WROL, honestly, nobody will trade it for anything until civilization returns.
I've talked to 6 people who have actually been in SHTF or WROL, and they said the exact same thing, bro. JMHO.
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Three things:
1) Like what EJR said, first put your money in beans, bullets, band-aides and then bullion,
2) Buy silver before you buy gold. It is cheaper and easier to use for barter. Gold is good if you have a shit-ton of USD lets say
north of $50K you want to protect which is about 28 one ounce coins, and
3) I dealt with Lear Capital. They charged about 2 - 4% over spot depending on how much you are buying. My suggestion is you
price out three houses and then play one against the other ;)
Gold and silver will probably be at about 30% higher this time next year due in part to the 'open ended' Quantitative Easing that the Fed started in September. Keep in mind if you buy precious metals you are buying them NOT as an investment. You are buying them to secure your paper dollars. Buy it and then do not look at the price post the sale.
Just saying... :))
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Very good points both of you. Let me explain my sitiation in a little more detail.
To be perfectly blunt, I am sitting on top of roughly $30,000 USD. The only thing left for me to prep is around 5-7 thousand worth of storable foods. And there is no way that I am going to spend all of my thousands on Beans bullets and bandaids because I don't think all out WROL is going to happen tommorow (and that would be quite a bit of bullets beans and bandaids). Could steep inflation hit in the next few years? I think it will, which leads to me to my little Dollar problem. Even with a 10% inflation I am losing $3000 of buying power.
At first I considered land, but I have just under enough to really buy what I want and there is no way I want to take out a loan at my age and this unpredictable economy.
Like I said, you both bring up good points about gold being worthless in a practical sense, but the idea is to sell BEFORE SHTF. Or even sell after SHTF and be 4 steps ahead of everyone else.
Yea, QE3 has me more than a little worried. Like you say if gold shoots up 30%, with an investment of $15000 I will then be sitting on $19500. Sure the idea is to protect agianst inflation but any surge in gold is just icing on the cake.
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5-7K really isn't that much bro. I'd say I have a healthy 4-5K into BB&B right now and I feel completely naked and underprepped.
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I would say 7000 worth of oats and wheat is more than enough but that is just my opinion. Supplemented with chickens, goats, fish, game, honey, and everything we can harvest and can IN ADDITION to what I already have prepped is plenty. But that is just a personal decision based on my needs. I'm not telling anyone else how to prepare.
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I'll toss out a few Ideas and should mention I help a friend at his pawn shop. Bars and bullion are beginning to be faked at a small scale right now, with rampant inflation we expect to see more tungsten core fakes and altered bars and rounds down to 1 oz sizes. I have personally handled counterfeit U.S. 5, 10, and twenty dollar coins, they are very close. We no longer just accept "slabbed" gold coins because of the difficulty weighing and measuring them as well as the number of counterfeits showing up from china (coincidentally the source for N.G.C. and P.C.G.S. shells and holographic seals) Old used coins individually measured, weighed, observed, and felt are the only good investment IMO. As for the hedge against inflation I say your on the right track as long as you can hold it in your hand, no ETFs see the m.f. global/j.p. morgan incident. Just be ready to dump the stuff when you feel right, don't try to ride it to the top. All that said I believe an actual physical business with sufficient supplies on hand providing a needed service/s will be worth more than stationary investments IF IF AND ONLY IF you have a secure location and security. I'm of the belief that a business that has the ability to run a year without resupply would be the cat ass so to speak. Don't write off silver but I wouldn't bother with much larger than dimes (a handful only at $2.75 each including the 10% premium in shop now, they don't last long) On gold we can not keep it in the shop for more than a day with a 10% over spot premium, tells me everything I need to know about the dollar right there.
Also of note nothing screams valuables like a big heavy safe.
Cashe but never cash.
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I would say 7000 worth of oats and wheat is more than enough but that is just my opinion. Supplemented with chickens, goats, fish, game, honey, and everything we can harvest and can IN ADDITION to what I already have prepped is plenty. But that is just a personal decision based on my needs. I'm not telling anyone else how to prepare.
I was talking about all three B's there. not just food.
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And you haven't donated to the website yet? tisk tisk.
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Here we go. Let's all poke fun at the greedy capitalist lol.
I was talking about all three B's there. not just food.
I was talking about just food itself. I am good on guns and ammo. Let's not forget the 3 G's now. God, Guns, and Gold.
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Grudgie and all...
Think about a business you can do in the coming depression / collapse and buy the items you will need now for the successful execution of your business.
I open this to the forum and maybe it deserves a separate subject line but what are you going to do to make $$ or barter for your skills? I will start with a few things we plan to dabble in and have bought inventory to support the business...
> Reloading ammo,
> Sharpening things like, chain saw chains, scissors, knives, gardening tools, etc
> Selling seeds,
> Splicing rope, wire to rope and wire rope,
> Welding,
> Medical (My sister in law is a RN),
> Making beer and hard cider,
So what is going to be your profession in post collapse?
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Prostitution.
Edit: Seriously, you have good points. I'm not planning on ivesting all my money in Gold. I will still have a solid base of cash and a job to make preps on.
I thought that my post appocalyptic profession would be to survive, but you bring up a good topic that would make a good thread. I do reload, and my Grandfather is soon to get me started in bee keeping so I could always learn to make mead. I plan to take welding/machining soon and later attend a gunsmithing school. I would like to enlist in the Navy as a Corpsman but I doubt I would make it due to my health. Sharpening is a good idea too. I never considered it a profession but it does seem like a good idea.
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LOL Prostitution [URL=http://www.smileyvault.co
In any kind of collapse; trust me here, women will not be hard to find if you have food and can supply safety.
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Damn son, $30,000 would buy a hell of a machine shop if that's your path.
Got a bug-out location?
Have well-water and backup power?
Do you have HAM radio and emergency communications?
30k is a shit load of money to waste on shiny yellow metal.
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I have between $300 and $350 face value in junk silver. Of course im a coin collector so it was got before silver went crazy but its all merc dimes a few barber dimes and pre 64 quarters. Still I may be broke but I wont sell because it has become an important part of my preps. Gold I dont see much use for honestly I would and have gone into junk silver.
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Grudgie as much as I dont like you and trust me I dont but if you cant find a chunk of land for 30 grand you arent looking we picked up 22 arces in a prepper paradise for 33000. it has 2 springs that we have found a nice stream running down the center and it just so happened to be in the middle of a prepper community (little bonus) but real estate is far better an investment than gold or silver.
Edit: that came off harsh im trying to like you, I really am because SP is a family.
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It's true, there probably is a good location out there in my price range. Maby I have high standards in that I want it to be perfect, but I think it is mainly because of my age, I don't want to make any hasty decisions about where to settle down yet before my life's direction is a little more set in stone. I'm trying to figure all of this out. All I know for sure is that having all of my assets in USDs is scaring the jeepers out of me thanks to QE3 and 16 trillion+ debt.
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Then in the mean time go junk silver, check craigslist (junk silver is 1964 and back quarters and dimes) last I heard it was 3 times face value maybe more now. But even at 4 times face your making money when you consider a silver dime is running about $3.00 each maybe more havent checked spot in months. But even still thats thats $.40 for $3.
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Grudgie as much as I dont like you and trust me I dont but if you cant find a chunk of land for 30 grand you arent looking we picked up 22 arces in a prepper paradise for 33000. it has 2 springs that we have found a nice stream running down the center and it just so happened to be in the middle of a prepper community (little bonus) but real estate is far better an investment than gold or silver.
Edit: that came off harsh im trying to like you, I really am because SP is a family.
That's what I was thinking. 30 grand would get you a prepper's paradise in most places. You might have to move, but hell, just take that off the bottom line, bro. If I had that much cash, I would not be living where I am right now. I'd buy a preppers paradise and slowly move all my preps up there. Seriously, man. I'd have the land straight SETUP right now.
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It's true, there probably is a good location out there in my price range. Maby I have high standards in that I want it to be perfect, but I think it is mainly because of my age, I don't want to make any hasty decisions about where to settle down yet before my life's direction is a little more set in stone. I'm trying to figure all of this out. All I know for sure is that having all of my assets in USDs is scaring the jeepers out of me thanks to QE3 and 16 trillion+ debt.
Sounds reasonable Grudgie.
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If i had 30k id buy a chunk of land so fast... id camp on that fucker if i had to... id feel so free knowing i have a peice of land that is all mine no matter what. Assuming i pay my property taxes of course [img]http://www.arrse.co.uk/at lol
But seriously... Any sizeable land is a dream come true like no other for me. All of the sudden you can put walking cheeseburgers on it... and plant those nasty green foods.... all of these things at your fingertips simply by owning dirt.
And finally... Dont you dare pull out gold or silver for trade if you run into me... its hard to laugh and keep a sight picture.
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your gonna buy gold at $1800+ an ounce?
i can put enough [img]http://www.arrse.co.uk/at on here to express how stupid this thread is
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If i had 30k id buy a chunk of land so fast... id camp on that fucker if i had to... id feel so free knowing i have a peice of land that is all mine no matter what. Assuming i pay my property taxes of course lol
Lol or until the government declares imminent domain and builds a highway through the middle of your land in return for 'compensation'.
And finally... Dont you dare pull out gold or silver for trade if you run into me... its hard to laugh and keep a sight picture
Heh. Like I said, the idea is to sell BEFORE WROL gets that bad. If it even happens at all.
your gonna buy gold at $1800+ an ounce?
i can put enough on here to express how stupid this thread is
I confess I don't know much about the stock market. All I know is that bad times=expensive gold. And China or Russia no longer lending us money=bad times in my narrow framed world. Care to elaborate? Sureley gold won't drastically fall by hundreds of dollars agian any time soon.
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Please keep in mind, as a prep you don't buy PM's to make money (An investment), you buy it to hold the value of today's money. Buy it, put it away and forget about it.
Here is an item to think about:
In 1971 a gallon of gas cost between 29? to 36? per. Today in NE PA gas costs $3.99 a gallon and $4.29 in the southern tier of NY. I heard it is between $4.50 & $5.00 a gallon in CA. If you take today's value of two pre '64 silver dimes, is equal to about $5.00. One quarter is about $6.50. Back in '71 they were were worth 10? & 25? respectively.
One ounce of silver (Today's silver spot), 14 pre '64 dimes or $36- will fill my wife's Mini Cooper.
My point is... PM's just hold the value of your dollar (s) the day you trade it... into the future.
Just saying [url=http://www.freesmileys.or
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i do care to elaborate
there is absolutely no fucking way your preps are close to squared away enough for you to buy gold, cause lets face it yall buying shit with gold after a collapse is a losing investment
food water ammo guns gas diesel medical supplies drugs booze shit paper feminine products will all be infinitely more valuable than gold and easier to trade or sell for other things you need than gold ever will be in todays market or after a collapse
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There are a few cases that I can see owning Gold and Silver coin but they are few and far between.
Now .22 bullets packaged in 50 round boxs.. that will be the new twenty dollar bill.
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If i had 30k id buy a chunk of land so fast... id camp on that fucker if i had to... id feel so free knowing i have a peice of land that is all mine no matter what. Assuming i pay my property taxes of course [img]http://www.arrse.co.uk/at lol
But seriously... Any sizeable land is a dream come true like no other for me. All of the sudden you can put walking cheeseburgers on it... and plant those nasty green foods.... all of these things at your fingertips simply by owning dirt.
And finally... Dont you dare pull out gold or silver for trade if you run into me... its hard to laugh and keep a sight picture.
Make a cabin off the timber on the property is the BEST way to get a house for free, if you go up in the MNTS, the building inspectors don't care around there, because word is they will get shot snooping around other people's property. No need to get license or plans approved, seriously. Taxes can be taken care of by raising cattle, honestly. All you need is about 20 acres on a very difficult ridge that is hard to reach except by one way in and one way out. Sounds perfect to me.
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Exactly, to TG, JM, and Redneck, honestly, bro.
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George Soros put over a hundred million in gold recently. I have made up my mind.
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Like 100 bucks? That's about the comparison to 100 million dollars compared to Soros' BILLIONS. You do understand that right?
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EJR Wrote:
Make a cabin off the timber on the property is the BEST way to get a house for free, if you go up in the MNTS, the building inspectors don't care around there, because word is they will get shot snooping around other people's property.
I hear ya' EJR however what you are saying is a tough assignment. Take it from someone who bought a log cabin kit. Cutting your own trees; curing them and then building a log cabin is quite a feat. Not impossible (Obviously) but quite like climbing Mt. Rainer. :)) For my hardwood floor I traded hemlock trees for finished maple and cherry flooring. Even after receiving our flooring it took me 6 months to normalize the moisture in the planks enough so I could lay them.
Grudgie if I was you (Which I am not) and I had a desire to buy PM's I would stick with silver. You can use silver to barter...You would use gold to buy a business.
To TG's point the best barter tool is .22LR. At between $15- to $20- a bulk pack, what at great deal! Think about this...Most folks in a TEOTWAWKI will be tooting a .22 cal rifle / pistol. A box of 50, .22's will be worth a one ounce piece of silver.
I am enjoying the discussion on this subject. PLEASE... lets keep it rolling along. I am reading some great comments and thoughts! [URL=http://www.smileyvault.co
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yes!.... im loving this .22lr money idea... I always thought of bullets as the new gold but yes... .22lr is perfect. If 50 rounds is 20 bucks im finally a thousandaire... lol
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George Soros put over a hundred million in gold recently. I have made up my mind.
and he probably has a serious fucking retreat with a warehouse stocked
are you fucking trolling us bro?
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George Soros put over a hundred million in gold recently. I have made up my mind.
and he probably has a serious fucking retreat with a warehouse stocked
are you fucking trolling us bro?
Im starting to think so.
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Yea you're right. George Soros is a crazy old bat who doesn't know what the hell he is doing.. [img]http://www.arrse.co.uk/at
Look, he may have put around 800 million in gold recently. If it was 800 million or 8 hundred, why would George Soros buy a bad asset?
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Hey Grudgie, gold isn't a 'bad asset' gold is a great insulator. If you do your homework you will see that what Jmac is saying is correct. Gold has never increased in value.... EVER!
SO why is it trading at $1780? You ask, its because the unit of currency that buys it is WORTHLESS.
No shit, a man with a wool 3 piece suit, an ounce of gold and a .38 pistol is in the exact same position as he was in 1930 because as a representation of wealth Wool suits, Gold and Pistols have all retained their value against inflation.
Was shit cheaper back in the day? no money was worth more.
If you would like to we can get deep on this topic but if you check the record all the way back to when we left the gold standard you will see that the buying power of gold and money has always been relative.
My attempt to store wealth is to put away things that will keep their value or maybe increase in value due to scarcity. I live smack dab in the middle of the biggest stretch of desert in America so you know that post collapse I will have a very hard time getting my hands on some things due to the distance between me and where that good is actually available. Shrimp- Gone, Lobster- Never Again, Oranges- I hardly knew you. Look around at where you live. What won't you be seeing again if shit hits the fan. Stock extra of those idems.
Suger for example will become a luxury in most of the world because of the labor it requires. They won't be planting suger beets in Nebraska if there is no grid power to run the Domino Refining Plant.
Black Pepper... Does that shit grow anywhere? seriously...
Heavy Nylon Thread, the kind that you would use for sewing together a pair of boots. The process that makes it starts as raw oil. Add all kinds of energy and you get thread. You know that isn't going to be happening.
So I pass the torch to you guys, list three tangible assets that could serve as currancy post SHTF.
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I'd say
-gasoline
-matches/butane lighters
-weed/rolling paper dip snuff chew
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Yep, gold is just a financial place holder. A value place holder.
Gold keeps going up in USD price, because USD are becoming more and more worthless because of QE and inflation. Its that simple.
Gold is simply a hedge against inflation. That is all.
In fact, if you held one ounce of gold from 1850 until now, that gold would buy you a couple suits and a pistol, the same way it would buy you a few suits and pistol today.
Its a VALUE holder. That is it. Nothing more.
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Sugar, Salt, Flower.
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Hope, Change, Forward
Oh three things worth a damn... umnmm
-Marijuana in CA for sure
-Sugar to feed the stoners
-Toilet paper to wipe their ass
Sound sarcastic but its not.
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TP is going to be huge! I need to really start stocking that one idem.
Hey gang, please explain why you would think those items would make a good currency for your particular AO.
You notice I didn't put down Gasoline? Have you guys read James Wesley Rawles' Book Survivors?
I agree with him that the 4 corners will keep making coal, power and fuel. So I am not going to stock any fuel past my own need because if someone is making it locally then I don't see much market for it.
I would say the same with Weed in CA or tobacco in VA.
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Inflation is exactly why I want gold.
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OK, I and my brother are at the BOL this weekend finishing the 1st floor hardwood floor (Bedrooms). I opened up SP for him to read this subject and here are three things:
SMc JMc
.22LR ammo (A) Fasteners: Screws, Nails, Nuts & Bolts (1)
Viagra [img]http://www.arrse.co.uk/at (b) .22LR ammo (2)
Misc. spare parts for all firearms (C) Chain saw parts, e.g. plugs, pull cords, chain, etc (3)
A) Buy in bulk and vacuum seal them
B) The older gentleman will beat a path to your door
C) When you go to gun shows buy misc. parts for cheap and put 'em away
1) Not unlike the Domino Sugar Plant comment, there will not be many fasteners being produced. In parts of the world they burn
down houses and then sift through the ashes for the fasteners
2) Well daaaa!
3) I live in the middle of a wood paradise. A chain saw is a must for heat, light, cutting planks, killing zombies, etc.
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chainsaw?
you old bastard..... [url=http://yoursmiles.org/p-m
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LOL Mountain!!!
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I've been trying to come up with a list of three particular items that would fair well as currency in my area and something occurred to me.
NW Arkansas seems to be populated by two types of people - Wal-Martians and Arkansans... and no they're not the same. :/ I consider myself to be the later of the two and in this area we're dying out.
Which means I'm surrounded by upper-middle class the-sky-will-never-fall hipster goobers.
So we'll be stocking up on all the basics and more because lets face it, if SHTF all those goobers will be extremely needy sons-uh-bitches.
Good lord we need to move...
Any suggestions? Haha...
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I've purchased silver from Apmex and was very easy.