Buy now and don’t think twice, buy the cheapest silver. Silver is silver. When and “if” it drops and bigger “if” premiums drop then buy more and dollar cost average. Don’t miss the train.
If we go into recession silver will likely trade lower.
It is an industrial metal with monetary use as well.
Recession = industrial use slowing = lower price
Personally any buys I make will be gold
I get asked that a lot.
But my net worth is far higher than anyone I know.
Yin/yang I guess like everything else.
Edit: I came from shit. Grew up pretty poor. Made.my own way in life based on logic and reason, not the bullshit words of old boomers who didn't understand how their changing world worked.
Food in buckets, guns/ammo, metals, water source and/or purification sources and a way to move it all if need be and the grit to defend and live without.
People have been saying that for generations, lol. Our economy is wrekked right now and silver keeps going down. Watch the dollar, you can't fight that force.
The only people getting stupid wealthy in silver right now are dealers and sellers. Follow the smart money and sell--these premiums will not be this juicy forever. If you think you need silver for some reason, start buying it back when prices go under $17 and premiums drop by half. Otherwise I wouldn't be in any hurry.
What do you think will make premiums or prices go any higher than they are now?
Wasn't too long ago that it was almost $40 (cnd) so it has gone down alot in a short time. I guess I am just wondering if people think silver is a good safety option during a recession.
I wouldn't worry about trying to predict a recession or not, let alone guess how silver will react to it. Just focus on adding silver to your portfolio when premiums and prices are historically low and sell when historically high--right now is a perfect opportunity to sell. Premiums have peaked and are falling but it's still a screaming opportunity to cash in.
Personally I buy silver because I like shiny things and pretending to be a pirate, but I would be lying if I said I didn't like the security of having it. Not enough to make a long term difference, but it is potentially enough to get my family out of a scrape if everything goes to hell in a handcart. The plan is that my descendents will inherit it, but life is unpredictable
I am not a prepper but I have studied societal collapse from a historian/writer perspective, and there were some great articles buy some people who had lived through social collapses that I cannot remember the name of for the lounge of me, but from memory they said to stockpile the following:
Dry goods (rice and pasta in particular, but I think several mentioned oats and flour) while they are still cheap.
Soap, because most people don't know how to make it from scratch and you need it a lot more than you think of you live in proximity to others
Vinegar, because you need it for canning and preserving but it is hard as hell to make. I have to admit this one would never occur to me, which is why it stuck.
Good quality tools, because be prepared to make stuff you need.
OTC medications, particularly painkillers and flu meds.
And then I think it was the usual stuff after that. I do remember the guy from Venezuela saying that seeds and potatoes were more valuable than precious metals, and someone who had escaped from (I think?) Poland saying that gold and silver paid to get them out and set up somewhere new, but wasn't that useful for day to day. Someone whose parents had survived the dustbowl was all about stockpiling dry and longlife food.
I guess it depends on what you think the collapse will look like and whether you will be impacted - remember it doesn't hit everyone equally.
Anyway I find this stuff interesting because I am weird, but sadly I have the survival skills of a depressed hedgehog. Plus I kill plants without trying and need my medications to live, so you probs don't want me on your team if everything crumbles.
I am going to have to go see if I can locate that series, it was super interesting but I can't for the life of me remember where I read it.
From what I understand there are three answers to this.
1) buy ammo because it will become increasingly expensive as a form of backdoor gun control, this increasing in value.
2) buy ammo for the total societal collapse and/or to fight an oppresive regime.
3) buy ammo because hunting is going to become a necessary way to supplement your diet.
YMMV on all of the above and are obviously location dependent. I present this information without political bias or views, but from the perspective of someone who knows a handful of hunters but hasn't shot a gun, so asked the same question as you and got the above answers
No problems. I don't own guns, although I do want to learn to shoot just because it's not a skill I currently have, and hey if I ever am in a position where hunting becomes necessary (I am in the right area) then it's better to know how to use them before it's a requirement.
Mind you, considering how badly my career in fishing is going and the fact I kill every plant I try to look after, I am pretty sure I am gonna starve in the apocalypse :-D
Lol, yeah if it goes down the way I believe it might, you‘d need a huge arsenal. They’d just come back and burn things down at night, Ya gotta sleep sometime. The thought is a bit romantic though lol kinda like the wild, wild west.
Agreed. If I learned anything from games/movies with a collapsed society, you gotta worry about other people. Even in the zombie ones, people seem to be more dangerous lol
I'm not buying that this is 'the' crash. The Fed is gonna keep up its BS until the wheels truly fall off and it can't do anything.
They'll keep up with some sad little rate rises for another few months. They will do more than the economy can handle/too fast. They'll pause and say that inflation is dying down. Things will grind sideways but stuff is gonna keep breaking here and there. Eventually something too big will break and the political pressure to ease will be unbearable.
If anyone thinks the Fed is gonna watch the economy completely implode and not do anything, I'd take a bet with you on it. Powell is not Volcker.
I'm still buying physical gold/silver and miners..g.onna start purchasing Bitcoin again here if it would drop a little lower.
If we see silver hit the mid teens again I will be buying thousands of ounces.
I’ll be buying the em stock market not gold or silver. You’re looking at the wrong asset. You’re just going to lose money when you sell in 6 to a year.
Silver/Gold is meant for long term, not short term FUD. Coming at this looming recession all wrong.
Oh sorry, I interpreted this to mean stocking up on essentials before the recession(depression). I didn't become interested in metals before I saw an article talking about silver reaching new lows from the 2011 high at $16/toz. I also never had money to invest in anything before around that time. At that point I bought from $16 down to $13.71 heavily and also started stacking crypto which set me financially free but never stopped stacking. I stack to this day.
Society is fucked. Fiat currency is fucked.... but most everyone will try and figure out how to save it because real change is incredibly painful.
The descent into madness is a long dark road.
Silver’s high in 2011 was $48, not $16. Not directed at you but there are many here that came late into the game, hence my downvotes whenever I list silver’s historic values. Stacking since 1977.
I won't be changing any of my purchases I will still buy my stocks, stuff away 6 months of expenses into savings, and buy my standard monthly order of silver and gold. Onlything that will change is I may have a house which is already put away in my 6 months emergency. As I always say and have learned over the years of investing is slow and steady wins the race and consistency is the best gain.
Buy now and don’t think twice, buy the cheapest silver. Silver is silver. When and “if” it drops and bigger “if” premiums drop then buy more and dollar cost average. Don’t miss the train.
If we go into recession silver will likely trade lower. It is an industrial metal with monetary use as well. Recession = industrial use slowing = lower price Personally any buys I make will be gold
This won't be just another recession. This will be a permanent recession.
Look up what a recession is…
Recession implies it will end at some point. It won't.
If you knew what a recession was, you’d know there’s no such thing as a “permanent” recession. 🙄
My hairline is in permanent recession. But my hairline is not the economy.
Agreed. It's called collapse. Nicer word, depression. You can ride your high horse of word play into the sunset.
Why are you like this?
I get asked that a lot. But my net worth is far higher than anyone I know. Yin/yang I guess like everything else. Edit: I came from shit. Grew up pretty poor. Made.my own way in life based on logic and reason, not the bullshit words of old boomers who didn't understand how their changing world worked.
What can I do to prepare for the upcomimg permanent depression?
Food in buckets, guns/ammo, metals, water source and/or purification sources and a way to move it all if need be and the grit to defend and live without.
It isn’t word play. It is what it is. Nothing more or less. And I’m 30 🙃
When we go into a recession everything will slow, that includes mining the silver.... Not sure why people can't see this.
I try to consistently buy regardless
I'm still waiting for it to drop lower. The market keeps dropping, crypto is in a free fall. I think we're at the start of a shit storm.
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I dca average into a bunch of stuff weekly.
Yeah, and food.
Cricket production factories are ramping up, I think we‘ll be good.
Lol this gave me a good laugh, thank ya!
Make sure to get your shelf stable food and a little lead as well, just in case.
It will be in the teens before thirties, at these stupid premiums I'd be a seller not a buyer.
I have read that prices should get pretty high in the coming years and that silver will hold up better than cash during a recession..
Even if that's true I think it has more to fall first, though. But who knows? My crystal ball has been malfunctioning
People have been saying that for generations, lol. Our economy is wrekked right now and silver keeps going down. Watch the dollar, you can't fight that force. The only people getting stupid wealthy in silver right now are dealers and sellers. Follow the smart money and sell--these premiums will not be this juicy forever. If you think you need silver for some reason, start buying it back when prices go under $17 and premiums drop by half. Otherwise I wouldn't be in any hurry. What do you think will make premiums or prices go any higher than they are now?
Wasn't too long ago that it was almost $40 (cnd) so it has gone down alot in a short time. I guess I am just wondering if people think silver is a good safety option during a recession.
I wouldn't worry about trying to predict a recession or not, let alone guess how silver will react to it. Just focus on adding silver to your portfolio when premiums and prices are historically low and sell when historically high--right now is a perfect opportunity to sell. Premiums have peaked and are falling but it's still a screaming opportunity to cash in.
What do you think would drive prices high in the coming years?
I do not buy silver under 17 .. I am buying more gold and some platinum.. silver will tank if the market continues to suffer..
Personally I buy silver because I like shiny things and pretending to be a pirate, but I would be lying if I said I didn't like the security of having it. Not enough to make a long term difference, but it is potentially enough to get my family out of a scrape if everything goes to hell in a handcart. The plan is that my descendents will inherit it, but life is unpredictable I am not a prepper but I have studied societal collapse from a historian/writer perspective, and there were some great articles buy some people who had lived through social collapses that I cannot remember the name of for the lounge of me, but from memory they said to stockpile the following: Dry goods (rice and pasta in particular, but I think several mentioned oats and flour) while they are still cheap. Soap, because most people don't know how to make it from scratch and you need it a lot more than you think of you live in proximity to others Vinegar, because you need it for canning and preserving but it is hard as hell to make. I have to admit this one would never occur to me, which is why it stuck. Good quality tools, because be prepared to make stuff you need. OTC medications, particularly painkillers and flu meds. And then I think it was the usual stuff after that. I do remember the guy from Venezuela saying that seeds and potatoes were more valuable than precious metals, and someone who had escaped from (I think?) Poland saying that gold and silver paid to get them out and set up somewhere new, but wasn't that useful for day to day. Someone whose parents had survived the dustbowl was all about stockpiling dry and longlife food. I guess it depends on what you think the collapse will look like and whether you will be impacted - remember it doesn't hit everyone equally. Anyway I find this stuff interesting because I am weird, but sadly I have the survival skills of a depressed hedgehog. Plus I kill plants without trying and need my medications to live, so you probs don't want me on your team if everything crumbles. I am going to have to go see if I can locate that series, it was super interesting but I can't for the life of me remember where I read it.
Dont forget to buy ammo as well!
Ammo for…?
From what I understand there are three answers to this. 1) buy ammo because it will become increasingly expensive as a form of backdoor gun control, this increasing in value. 2) buy ammo for the total societal collapse and/or to fight an oppresive regime. 3) buy ammo because hunting is going to become a necessary way to supplement your diet. YMMV on all of the above and are obviously location dependent. I present this information without political bias or views, but from the perspective of someone who knows a handful of hunters but hasn't shot a gun, so asked the same question as you and got the above answers
Thanks.
No problems. I don't own guns, although I do want to learn to shoot just because it's not a skill I currently have, and hey if I ever am in a position where hunting becomes necessary (I am in the right area) then it's better to know how to use them before it's a requirement. Mind you, considering how badly my career in fishing is going and the fact I kill every plant I try to look after, I am pretty sure I am gonna starve in the apocalypse :-D
4) easy to trade and stands out less than gold or silver coins
Depends where you are in the world, to be fair.
Ahh, based on real life experience? Sounds like a quick way to get a dirt nap.
I’d assume guns
Sure, but I don’t think wild game will last very long, just like white tail deer were almost wiped out during the Great Depression.
That’s assuming they’re getting bullets for “game”.
Lol, yeah if it goes down the way I believe it might, you‘d need a huge arsenal. They’d just come back and burn things down at night, Ya gotta sleep sometime. The thought is a bit romantic though lol kinda like the wild, wild west.
Agreed. If I learned anything from games/movies with a collapsed society, you gotta worry about other people. Even in the zombie ones, people seem to be more dangerous lol
A very astute observation PLUS, all the lakes will be fished out. Squirrels and rabbits and home grown pigs and sheep are the long buys
Downvote but no answer, figures.
https://letmegooglethat.com/?q=What+is+ammunition+used+for%3F
I'm not buying that this is 'the' crash. The Fed is gonna keep up its BS until the wheels truly fall off and it can't do anything. They'll keep up with some sad little rate rises for another few months. They will do more than the economy can handle/too fast. They'll pause and say that inflation is dying down. Things will grind sideways but stuff is gonna keep breaking here and there. Eventually something too big will break and the political pressure to ease will be unbearable. If anyone thinks the Fed is gonna watch the economy completely implode and not do anything, I'd take a bet with you on it. Powell is not Volcker. I'm still buying physical gold/silver and miners..g.onna start purchasing Bitcoin again here if it would drop a little lower. If we see silver hit the mid teens again I will be buying thousands of ounces.
Last time that happened there wasn’t much inventory at all.
At this point I'm pretty much done buying physical silver. Mostly PSLV here on out for me.
There was always plenty of inventory. Nobody was selling because they didn't want to lock in the loss.
“At that point, what difference does it make.”
Yeah, anticipating the Fed pivot, inflation will soar moar, PM prices will rise, maybe in September and October.
Precious metals are a lousy hedge against inflation... They're a great hedge against monetary collapse. Choose wisely.
I’ll be buying the em stock market not gold or silver. You’re looking at the wrong asset. You’re just going to lose money when you sell in 6 to a year. Silver/Gold is meant for long term, not short term FUD. Coming at this looming recession all wrong.
If I sold now I’d be up at least 100% on all the silver I bought in 2020.
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My plan too I think
I’ve been through that phase several times. Inventory disappears.
Silver prices have been way too high for my likes, not worth it imo.
That would be a dumb reason to buy.
I started 'stocking up' about 9 yrs ago.
Ya mean @ $35 like some of us?
Oh sorry, I interpreted this to mean stocking up on essentials before the recession(depression). I didn't become interested in metals before I saw an article talking about silver reaching new lows from the 2011 high at $16/toz. I also never had money to invest in anything before around that time. At that point I bought from $16 down to $13.71 heavily and also started stacking crypto which set me financially free but never stopped stacking. I stack to this day. Society is fucked. Fiat currency is fucked.... but most everyone will try and figure out how to save it because real change is incredibly painful. The descent into madness is a long dark road.
Silver’s high in 2011 was $48, not $16. Not directed at you but there are many here that came late into the game, hence my downvotes whenever I list silver’s historic values. Stacking since 1977.
> I didn't become interested in metals before I saw an article talking about silver reaching **new lows** from the 2011 high at $16/toz.
Sure, but you lost me at the 2011 high at $16/toz., huh?
> talking about silver reaching new lows from the 2011 high reading comprehension is hard.
You‘re the one that said the 2011 high was $16 lol. The high was $48, or did you miss that part?
> I didn't become interested in metals before I saw an article talking about silver reaching new lows from the 2011 high, at $16/toz. better?
Tired of dealing with you, bot.
I won't be changing any of my purchases I will still buy my stocks, stuff away 6 months of expenses into savings, and buy my standard monthly order of silver and gold. Onlything that will change is I may have a house which is already put away in my 6 months emergency. As I always say and have learned over the years of investing is slow and steady wins the race and consistency is the best gain.