Trading Silver & Gold Bullion if there is a currency collapse
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- Опубліковано 9 січ 2024
- What is your plan with silver & gold bullion if the currency crashes? Do you have a plan for your precious metals?
#silverprice #preciousmetals #junksilver #goldprice
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I like these hypotheticals but what are your tips or what is a good strategy? Let me know!
I've learned myself to get by with half of what I used to. I've learned myself not to eat for 4 days a week and be fit. I'm looking to alternative jobs like starting to become an undertaker (I kid you not :) ) because that job will be a needed job. Now I'm a AI automation engineer and I don't show my clients all the things I can already do but I'm scared. I'm really scared. I can now automate almost all jobs already.
In every nation that has gone through a hyperinflationary monetary collapse, shops pop up on every corner offering to buy gold and silver. I think the supply will not meet the demand and such shops will be forced to pay way over spot. Converting precious metals into fiat or digital currency even, will be no problem at all. My main concern is that such buy back programs essentially behave as an unofficial confiscation program, as all of these shops will probably be one way trips to the central banks as they draw down the supply even more to limit our options.
@@joshspeed7794I’m thinking totally opposite when SHTF that cash will still be king for a while and converting PM’s to this useable currency, these LCS or bullion dealers will be overwhelmed and premiums will be in the negatives. Bartering will still be your best alternative overall, don’t get me wrong I’m also a stacker, prepper and collector of these PM’s. Food Fuel weapons shelter may be the most valuable asset in time of a devaluation of the dollar. Way too many variables to honestly say.
If the the dollar is worthless how will Precious metals be valued?
@@AboveAverageMan97 The nice thing about PM’s is there is a history of worth as a stable global money. Not saying that they will hold this value when SHTF but if you would look at when Nixon took us off the gold standard our 90% silver coins are now worth silver spot price if not more due to premiums in both directions. Value is only seen when selling and buying.
It's not a matter of "if" there is a currency collapse it's just a matter of when.
Amen brother, the predators didn't come this far to stop now. Been planning it since 1963, same year JFK got murdered
Na...japan is a great example. Huge inflation and currency debasement for decades...they have to print the way out or revalue metals and peg the dollar to metal instead of oil
You have the right attitude. I wish I had the knowledge base I have now and my prepping would be in much better shape.
Agree, the currency collapse is only a matter of time, like standing on a railroad track, seeing a train coming your way, it is inevitable. Best prepare.
I'm not sure it will get at that point cash will be always cash, people will always use it. Look what happening in Argentina or Venezuela or Lebanon etc. There was recently a video from George Gammon which he went there in Buenos Aires and he succede to barter his gold, silver and Bitcoin people didn't want them.
Actual experience, I am from Germany and will let you know what my dad DID IN 1946 AT THE END OF WWII
He was a plumber by trade but also produced some jewellery mostly earrings which consumed a lot of silver wire
When the Reichsmark collapsed there was no currency available for several months
People were unable to buy necessities, particularly food, My Dad was able to visit farmers and barter his silver wire for
produce, and he was able to obtain sufficient food that any excess our family did not need he was able to barter for other items such as clothing, toiletries etc. Needless to say, we had sufficient food that we were not starving.
If something similar happens now it may be a bit more difficult but swapping will be the only way to go forward
Hope this will help somewhat
Wolfe
Thank you.
Gold and silver are always worth something sometime but not in a recession for must people
Most sensible comment ever. Not every can even afford silver these days. I've got a few but I stopped buying my silver billion, coins cause I thought it doesn't mean everyone else has silver. Funnily enough I also thought jewelry with precious metals.
Good advice, as 'jewelry' and 'numismatic precious metal coins' were excluded from the US 1933 'GOLD confiscation'.
I absolutely agree. However I see one thing that will complicate matters this time and that is the introduction CBDC's. I don't know how bartering will work in that system. Ultimately it will be linked to a social score system similar to China.
Make relationships with farmers and talk around to see who would be opened to bartering silver for product or services in ur area
I'm in Amish country, it's a forgone conclusion 'round these parts. Eagles, silver dollars, 90%, Maples and brass are all popular.
I have a large Amish com as well. I was just wondering if they would barter for silver. Ty
The ones I've tried with at markets had no problem taking rounds, so long as the weight and fine were on it.
I probably live near you
I’d use my silver for barter etc
Got lots
If what you describe happens. Goods will not be available. Needs and wants will be clearly established
Surprised they even want to touch a shining round.
I agree silver & gold will be used to trade. When going to trade....be armed & aware!
Absolutely, those of us that stack precious metals should always be well armed and have plenty of ammo for those unthinkable scenarios
@@ReflectiveMetal 3 things come to mind first get out of dept and stay out. seondly Along with guns and food you need to fortifie your home base. Thirdly develope a trusted small community.
And always barter/buy things far away from your home/location
Finally someone actually addresses the most obvious question that anyone should ask if they are attempting to secure their assets by investing in precious metals. You are literally “the only” stacker that is willing to address this!
Well there is Arpad from Star Academy Which he himself experienced during the period of high inflation in Romania and explains these mechanisms very well
I think it will be used for barter just like they are presently doing in Venezuela. Gold and silver are Gods money. Haggai 2:8 "The silver is mine and the gold is mine says the Lord".Precious metals have always had value and always will.
THIS. Granted, Venezuela is not the United States, but people are people. Surely there lessens to be learned from how precious metals have been used in Venezuela.
@@michaelwatt7846….and all those states with weak currencies! People always found and will find ways trading with each other on local markets aside from whatever their government is messing up 🤷♀️ Look at all those states where even today not even 50% of the population are having any bank account (like Mexico today not to speak of African countries) just dealing with cash only or barter trades 🙄
Precious metals will not always have value: Ezekiel- 7:19.
Uhmmm,. Didn't Venezuela have problems GETTING food? Embargos?
Amen. That is true, GODS money!
Tools, supplies, and skills will be currency. I think acquiring them all is ideal. That being said when you can't do it yourself and need to outsource, then bartering off your skills, extra tools or surplus supplies would be the first option personally. When you have nothing to flat out trade, this is where silver and gold really come in. Honestly this is how a lot of my friends and family already operate, with cash being the last form of payment.
This is the 1st intelligent thing I have heard from any of these channels! Storing tools and swapping skills. Well done. You won't have any trouble.
Agreed,I can fix broken down vehicles,I can repair wrecked vehicles and paint them,and I have a Ton of Black basecoat clearcoat Nason product,can paint up a road warrior cruiser or several lol,but for sure hand tools will be King again and Solar systems for power,bullets and silver for bartering, hopefully Joe is 1st to Parish= intentionally..
This is why they say a community will be your greatest ally after the collapse. They would need to set up a trading post where everyone would come to barter. It would need to have good security. Also, it may be beneficial to have some type of rating system for the buyers & sellers. If they don't score well you simply don't invite them back. The whole post should be ran by a panel of respected and verified community members.
Well I checked something out.. since Argentina cut its currency in half. I can’t remember the current trade value, but I could trade 50 oz silver for a 3 bedroom home on 5 acres with a 2 car garage..
50 ounces of silver won’t get you anything close to that in Argentina, that’s ridiculous. You couldn’t even get one acre for that amount of silver lol!
@@brianpendez5340 The guy is making shit up from things he's likely heard from the Weimar collapse. (Takes all kinds...)
Maybe 50 oz of gold would get you that but not silver...according to several metals channels who are old enough to know their history.
Maybe gold but not silver.
@@brianpendez5340
It would not buy it but if you bought it with a loan in pesos it would probably pay it off.
Having some Junk Silver (1964 & earlier US Coins) of various denominations would solve this issue. Large bars could be saved for purchasing land or paying taxes and the Junk Silver for groceries, gas and other lesser transactions.
You're exactly right. You can add silver bullion coins to that.
That's why we need a real president Donald trump'
No taxes.
@@user-wg6fm8kc4yhe Will be the reason the dollar will become worthless just like you and him!
@@Jenda-ld8dj That was my opinion. Why would you be paying taxes in a collapsed economy?
I''m stacking my way to 300 ounces of just silver dimes. I have also made a book out of a range of silver spot prices showing the silver price per ounce and the value of a silver dime. With this I hope to show people the value of a silver dime at the varying prices.
smart,mercury head dimes and small increments,will be street money,cash is going away,but not now,by may
14 silver dimes in an oz times 300 is little over 3000 dimes, which would cost around $6000.
@@lamarravery4094 and he wanted 300oz, so that is 4200 dimes. dependin on face value, more in the $8k+ range
No silver coins?
Solid video. Ever since the shenanigans of the start of 2020 I researched the fall of Venezuela‘s currency. So I just been stacking assets that increased in massive value during their down fall. Gold, silver, long term food storage and seeds. All things I can barter with my locals peeps. Also…I have been building out my local community with people that have similar ideologies as me. So I have a doctor…chiropractor…local person that grows veggies and local butcher. They all will accept metals for services. You gotta put the time and effort to secure success in the future.
Thank you
I agree with your plan - food, stacking, water filtration, community, etc. I’ve also recently started hearing about buying the emergency medical kits offered by Dr Stella Immanuel, Jase Medical and Dr Malone. There are concerns about those supply chains, too.
Community is way undervalued. Too many think they can go it alone with their weapons & food storage. Don't think that's gonna work out well
Very smart strategic planning. I am in a similar situation, where I live on an acreage near a small city. I put aside many barter items, and I am a tradesman myself who can barter my services for many different repairs. Better to work with each other than against each other! My wife was an RN for 38 years, so I believe we will be useful to our neighbors! Good luck and thanks for this video!
Oops, I meant to make a mainstream comment but, ok, maybe this will work out as well!
Silver as a currency substitute for daily living in this scenario. 1oz Silver would likely buy £20 of groceries or fuel. If currency fails, then food price will rise rapidly but so will value of silver and Gold. Just harder to spend say a Gold Sovereign valued at £400. Keep gold as an alternative long term storage of your currency and try to pay off as many debts as you can now.
" ... and try to pay off as many debts as you can now." Great tip for anyone who has any debt. Wife and I went debt-free in 2014, so debt is not an issue here.
I agree. I believe silver eagles will go a long way in supermarkets and at gasoline stores. Keep in mind that what the receiver is willing to take is more important than what you may have to offer (tender).
What I have done,
Roosevelt dimes, many thousands,
1 Oz rounds, hundreds of pounds of grains and beans, 2 solar ovens, water filters, AMMO n Reloading supplies, connections with local farmers NOW. Tools n skills
Be Vigilant, No Fear 🙂
@briansmith4724. I'm with you! Be prepared, not scared! I've got 2 yrs worth of food for 4 people + security items. We have a red necked town with many hunters & veterans. We'll have community security protecting us all. We've got greenhouses for year round gardening. I garden,can, sew, fish & shoot. We'll grow or hunt or fish for food & barter. Local vets will step up to patrol & protect.
@briansmith4724 - just an FYI that I recently found out - dried beans must be cooked or canned before 2 years. If not, trying to cook them will be like trying to cook rocks & they'll be just about that hard. Canning before 2 yrs will lengthen their storage 2-3+ years.
Add baking soda to the water to soften beans
I stack for the inevitable, but I know very very very few people who know the value of silver or even constitutional silver. Sad
my biggest question mark is now how long the shitstorm will last... I hope 6 months because most crisisses last that long before the tide starts to turn. But the aftermath mostly lasts years also...
Hopefully most states will have their honest money systems setup before then. I live in Florida, and we are trying to pass into law an honest money system where your silver and gold are deposited into state vaults, and you are issued a debit card to use for purchases against your metals. The value of the metal will be instantly up to date at the time of purchase. The bill also allows you to redeem your unused metals if you desire. I'm praying this bill passes into law.
Really, you are going to trust a government that always spends more than it has to hold your gold and silver and promises to play banker. Thanx no I can hold my gold and silver myself. I would have more faith is a bank like Chase set up a debit card system, they just want transaction fees:)
In Central Florida - we agree with you george
what a great idea
You reintroduce third party risk with this system. Remember, the dollar used to be backed by gold. The same could happen with this system.
@@sstrauss6752 True under any system. The bill in FL includes law to prevent confiscation by state or fed. It also has redeemable in your metals option if you chose to pull out. Your account is only metal, no cash. You'll be issued a debit card for the metals in your account. As long as they don't print promissory notes it makes it a lot harder to run fractional reserve systems. When you use your card, the receiver can choose fiat or metal for payment. Value of the metals will be tagged to the market price at the very moment you bought. This is what I understand about the proposal at this time.
I too, have this same concern with my metals. I asked UA-camr Yankee Stacking this same question yesterday. His reply was “barter”… Without going back and forth with him, I left it there… Again, my question is the same as this video. What do you do with your gold and silver in the event of a currency collapse? Cash, fiat currency would be absolutely worthless. You wouldn’t sell your gold and silver for worthless currency, would you? Barter? If there is a currency collapse, what would happen to society? It would be every man for himself? The “Mad Max” scenario. You would have to be armed to the hilt and ready to use those arms in the event that you were attacked and robbed… You will be afraid to leave your house to go out and barter…
My stacking approach is simple. Just like trading stock you buy with one thing in mind: exit strategy! My larger bars of silver and 1 oz gold coins will be to secure my mortgage. Unless it's a complete collapse like an EMP. If it is a long slow move away from the dollar by the BRICS and the dollar loses all value people will move to safe "exits" bitcoin PM's ect This is happening quickly now. At some point when my stack can be converted to dollars enough to pay what's left of what I owe, I will cash out and pay it. Remember most banks can out last you in bad times. Just hope the bank holding your mortgage doesn't get gobbled up by a bigger bank. REMEMBER THE GREAT TAKING BOOK. Constitutional silver for bater after SHTF until some order is restored.
@user-wz9sm2sm2z
will there even be banks to outlast you? They'll take what they can & may - or - may not give you fair price for metals so could result in them taking your home for none pymt as your careful figuring out what to pay them isn't valid any longer. Govt may confiscate metals - who knows! There's talk of a credit card issued to everyone but will it reflect what you had to turn in during confiscation???? Who knows! Have at least 6 months to 1 yr of food & seeds stashed - at least you can eat!
I'm glad you put this video out because this is a reality that a lot of people don't think about.. but if you ask me.... I think the better commodity to have is food and water.
How long will those things last?
@@bamahama707 How long will you last without it?
U need it all & durability is very important. How food is stored is critical. Water collection & filtration will be essential. It's not this vs that, you'll need it all
Moths. Too
Become the bank... be the exchange.. use your stack to facilitate transactions...Also... precious metals are more than gold silver and platinum.. include lead copper and brass.
Nickel!!
Ok yes. Be the bank, but NOT for a fee as THIs is what got us into this mess in the first place.
Those here are taking the most important step. Stack. Beyond that and other prepper concepts it is hard to effectively plan. Edication and discussion will certainly come in handy. Thanks for your video.
*Education
Many people will be with out and have a hard learning curve with precious metals. Stack while you still have it available. Even if it's just a little.
So true
The many who don't prepare by having at least 6 months of food may be screwed if places don't accept metals. Times will be tough - how many want to barter for metal instead of food items if you have nothing to feed your family?
If going to a barter exchange, swap meet or whatever, never let anyone know how much you have, keep whatever you have spread around on your body so that they don't see you pull it out, be armed and trained, look around and get a feel on who is fair and who isn't and get an idea about what the exchange rate is if anyone else is actually trading in precious metals.
You gotta cut down on your intro man! Just get directly to what you’ll talk about please
When that day comes, there will be a Metals Dealer on every corner. I seen this happening in 2006-2008. There were We buy Gold signs everywhere.
I totally agree with you on this happening during the Savings and Loans crisis…. During the S&L crisis you could not get the money you had in the S&L… so if you had no money at home.. you couldn’t pay bills or buy food… but if you had some gold jewelry or other form of gold you could sell it… there were representatives that would buy the Gold…. You simply got a group of people together and contact the rep …they would come to your home to buy… the problem was that the reps would cheat you … this is how they did it… everyone would submit their jewelry together… if one person had 18 carrot and someone else had 15 carrot…. They would call it all 15 carrot. They had no way of verifying the purity of the Gold so they bunched it all together and payed at the lowest carrot purity in the pile. So if you submitted an 18 carrot gold chain and the other guy submitted a 15 carrot Gold chain the guy with the 18 carrot chain got payed for 15 carrot gold purity and not 18. At least this is how I understood it… maybe others had a different experience. The other thing is that they were only interested in Gold.
I remember that!
Having worked in retail for a good portion of my life, my first thought when I began stacking was exactly this, how am I going to make change. It didn't hurt that the eBay Live dealer I started buying from was giving away a 1g Valcambi break-away with every order. I also started stacking constitutional silver for this purpose as well. Great video.
Making change will be a very useful thing to do, so consider buying a box or two of nickels from a bank for that purpose.
Exactly!
Well I don't know but the Democrats always tell what they are going to do. And there was a video the other day. Talking about the government confiscated gold from the American people. It made sense to me they want total control. Of the American people your wealth it seems like. They wanted to take all of the 401s and other savings accounts. When Obama was president but the time wasn't right but it is. Right now with the digital currency coming you go to bed. With a big account and wake-up with zero and there. Is nothing you can do to stop them from getting. Your precious metals that you have stuck away I could be. Totally wrong but the way things are going the massive. Over reach that is going on forcing people to buy electric cars. It is all a scam this power grid can not handle all of that. In 2025 they going to force every home owner to upgrade all their. Electrical equipment it will cost us thousands of dollars to do that.
You can buy Valcambi's 50 x 1g or even 100 x1g break-away. They look like small gold chocolate bars. No wonder where they got the idea: they are in Switzerland.
Metals can be used to trade at a pawn shop, or other such place. Some stores may take metals as the worthless paper they take in will be even more worthless by the end of the day, but..... Metals main purpose is to retain wealth on the other side of a collapse. How much you need depends on your plan for the other side.
100% agree
As fiat debt paper becomes completely worthless, gold and silver will shine even brighter. People in general will finally get it that metals are *money* and everything else is credit.
Pawn shops in a pinch maybe, but they ARE in it for a profit which means you get LOWBALLED -
Don't go to pawn shops. They will rip you off.
There's always going to be a currency as medium of exchange whether a silver eagle is priced at $50 dollars or $50 million.
I strongly believe that in a currency crisis PMs will go into bubble territory just like in 1980.
I hope to be smart enough to echange my PMs at the right time.
Like when you can buy the average home for anywhere between 1000 to 5000 silver eagles
In my opinion stack constitutional silver mostly dimes. We need to stop thinking of the word dollar and start thinking in grams when the dollar is worthless. ( how much is that tank of gas worth? 15gr ) What determines the value or worth of something is supply and demand. One dollar and forty cents in 90% junk silver = 28.35gr/ One dime is 7.075gr etc.
Good video. Good content to think over. Two thoughts, if I may share:
•Fractional gold & silver: there are many who give a bunch of flack for this. I definitely do fractional. IF there ever is a SHTF situation, it will be needed. Not having fractional is like saying that you should stack cash for an emergency, but only all in 100 dollar bills only. Definitely have fractional.
•I have my regular schedule buys for gold & silver. Over the past 2 years I’ve also added 2 other metals on my “Metals Buy” days, lead & brass. You can never have too much gold & silver, and you can never be over-protected.
Nice video brother!
Copper pennies are as fractional as it gets. Don't leave them out. If a silver dime goes back to being with a days wages, like it used to be, those pennies will be like dollar bills. Just my thoughts.
@@TheHaughtyOsprey
I personally do save constitutional silver (aka “junk silver) half dollars, quarters and dimes. As a reminder (and some may already know this), if you choose to keep copper cents then be sure to keep only PRE-1982 cents. Those are 95%+ copper. From 1982 to present all cents are zinc with a copper coating. They are also know as “Zincoln” cents.
@@TheHaughtyOsprey I save copper pennys and nickles. While reading your comment I was thinking , zinc pennys will probably be good also.
I'm a senior, Canadian prepper and been stacking for 5 years. We bought quite a few 1 oz RCM coins to barter with as well as an electronic kitchen scale and a Dremel tool to cut then up into quarters if necessary. That said, I can lock my doors and shelter in place for 3-6 months if necessary. And yes, we have previous metals including lead. I made some suggestions a few minutes ago to get people thinking and focusing on actions they can take now. Good luck and God bless.🙏✝️💕
Thank you for this discussion, it is long over due. We have heard all the discussions why we should buy gold and silver from many who have a vested interest that we do so but not many speaking what we do with it once we have a dollar collapse. I feel the time is coming where the Pocket Pinger will be a part of every retailer and vendor in the market as an affordable option for verifying along with an earth magnet and scale. 👍🏼
One thing I thought of. In that scenario, a lot of fake gold and silver will be circulating, making local barter difficult for those who know little to none about how to verify. Investing in a sigma metalytics so you can take with you when bartering would help tremendously at giving peace of mind for the buyer or trader. Just a suggestion 😅.
It's a good idea, and not just for your own use. People with the tools and expertise to verify gold and silver will have a solid profession in a bullion economy.
Good idea. Your post just convinced me to buy a Sigma Metalytics precious metals verifier. I think there will be a huge opportunity for those who can guarantee the content of coins, rounds and bullion. All while taking a small fee for the service.
Given that the "great collapse" is an almost zero probability event, don't count on making a living or even a good side business with it at this point, but if the Sigma saves you from just one counterfeit gold round, it's paid for itself.
@@rvalens2 I agree 👍
Might be better to use a combination of specific gravity test, magnetic, slide, scale, and diameter tester.
How many people are going to trust your machine? When scams are running wild it would be just too easy to rig a machine.
If the dollar collapsed then you wouldn't want to sell it for cash, that would be pointless. Stack fractional pieces for liquidity. Gold and silver have been sought after as wealth for thousands of years, people will still want it in a collapse. Plus whenever a new currency comes into use then you can sell your metals for that.
yes ... and day to day items will have value , like beans and rice. Flour will be king.
Don't hold rice and flour for too long. I held both those items too long and moth webs developed. You will eat it if you're starving.
@fishmongerama. You need to rotate your stock. Put bay leaves in with food in food grade containers with good lids to stop pests.
Florida has just introduced a bill to use precious metals as currency . 5 states already have. Think if this happens it will have a positive effect will gold and silver and other states will follow
It's funny that states seem to need a bill to legalize what is already legal according to the Constitution: "No state shall coin money, emit bills of credit, or make any thing but gold and silver coin a tender in payment of debts." ~ Art. I, sec. 10, cl. 1.
Thats because they are goin to confiscate all PM. ITS RECORDED EVERYTHING U BUY. NOT UNLESS ITS PRE 1933
@@edwardmarquis4411 But they did make Fiat money right? So you see it really don't matter what they are required to do, but it does matter what they did or will do! That is where we need to return obviously, just pointing out what many can see.
I am with you on this. I wold suggest silver and gold and storeable food and water. I would not advertise this, keep it to yourself and do the low profile. If you have gold or silver, make sure it is well hidden and only the immediate family should know where this is. Am I being paranoid - yes. It is better to have it an not need it than to need it and not have it.
The best trade is silver and gold in a fractal. But the one thing no one talks about is seeds for food. We have thousands of seeds for food, like corn beans cucumber lettuce tomato. And a greenhouse. We also have a pond with fish and a large parcel of land for hunting. Don't need a grocery store if you have these things.
This is a really delicate touchy situation when talking about gold silver and other commodities. There's going to be two scenarios in my personal view One being that if you have a bunch of gold ounces and there is a collapse and you become desperate you will hand over a higher value then you will get in return. From my perspective I think people should learn to accumulate junk silver dimes quarters, And also the new instrument goldbacks. The other thing is a lot of people view their ounces of gold as personal items meaning it's like art It has a nostalgic value where they will not part ways with it ever this is very important to think about this If you're buying ounces of gold I agree it's beautiful but remember one thing Will you part ways with that piece of gold when it comes time to probably not but you will part ways with dimes and quarters You will part ways with Gold backs. So ladies and gentlemen really think about this as I want to see all the people that live within the 50 states of the United States succeed I love all human beings on his planet but first I want to see my own people do good and when we do good the rest of the world can do good or they can do good at the same time we do good bless every human being on this planet and God bless everyone in America.
Imagine buying bread in Australia with a gram of gold or a goldback. A goldback: what's that- never heard of it. Wake up Australia.
In my humble opinion, in a rapid financial collapse (say over 60-90 days), gold and silver will have great desirability as a safe haven for wealth. If the economy has a really long recovery period (longer than 6 months, then metals will not be desirable by the masses. (sure, some folks will still barter for it, but in reality, only about 10% of the entire population has any desire to own metals today....I think we are kidding ourselves if we think all of a sudden only gold and silver is going to be accepted as payments....people will flock to the things they need to actually survive.)
Other things like food, water filtration, ammo, meds, coffee, smokes, booze, seeds, camping items, etc. will be the most desired things, simply because of supply vs demand. (there will be extreme shortages of all these things and much more)
Once the economy recovers (and it will, as it has in every other country that has had a collapse and the governments are still around) then I think metals will become desirable again on a wide-spread model, and that will be a time when stackers may smile big.
In the event of a catastrophe like an asteroid impact, super volcano, full nuclear war or any other globe-altering events, metals will probably only have a desirability for a few weeks at best. Once people realize that any potential rebuild is going to take years, they will revert to survival items as mentioned above. Metals would not come back in to value until the system was well on its way to rebuilding.
Personally, I do not think we will ever see a true financial collapse as long as the federal government exists. They simply will not allow it. They will change currencies as many times as needed to keep things going. Short of a civil war or other major event as mentioned above, the economy will see bigger lows and not as big highs, but it will continue to function, and the masses will survive just fine.
I am not speaking down on metals - I stack both gold and silver, but my overall stack is diversified with other things too. (yes, including cash - for today, cash is still king, and is desired by 90% of the population over my silver or gold) I probably am not really considered a true stacker, because at 5oz of gold and 800oz of silver, I have slowed way down on my purchases. (I still shoot for 50oz per year, via 10oz bars) - For fractional, I do not think you can beat good old 90% US coins. (The premiums are getting back down to a point where it no longer is off-limits to most)
Cheers!
One heck of a good comment here! I agree totally. It would take a bit of time for silver and gold to be accepted after a major catastrophe or an economic collapse. Trade items will be critical during this phase. Yes, I have personally considered this and planned for this as well!
Yes trade items will be important but the fallback currency will be silver & gold..
@@BroCoolFire Possibly yes - But the snag in that plan is :
If only 10% of the population currently has metals, then a return to gold/silver being the fallback currency as you mentioned, will make it pretty hard to survive for the 90% of the population that does not have any. - For that reason, I think it will only be when society has regained its footing, and is on the way to recovery that metals will be come more widely accepted.
(That could take years)
I believe it will be the reverse. Depending on the disaster of course. It will take the average person some time to get up to speed on trading with pm coinage. They will trade stuff right off , food , batteries, gas etc and probably won't want your merc dime for a loaf of bread. After things settle down traders will be using metal to store their wealth and conduct exchanges.
Good Analysis 👍👍
High Premium rounds and bars will be a bust in this scenario. The poor farmer or tradesman will be pulling their app and quoting you the current price. You will be left defending why your Eagles are better silver than Buffalos. ...Keep it simple.
Agree. In this scenario someone might better to have some fractional coins instead of ounces. Both silver and gold kind.
I recently bought silver coins that at spot from a dealer that normally carry a 400% premium. He didn't care, silver is silver. So you're 100% correct.
There are exceptions. A 1oz Gold Eagle will be much more desirable than a 1oz gold bar, because it's far harder to counterfeit. Also, Mercury dimes are a higher premium than pre 65 Roosies, and may be more desirable in a SHTF scenario because everyone can tell the difference quickly and easily rather than trying to determine if a Roosevelt dime is the silver type or clad. I know YOU can tell the difference, but there will be plenty of people who have no idea in the start of the event.
@@geckster109People will learn quickly when the situation requires it. Everyone will become an expert on identifying and determining value almost overnight.
Good video. An excellent rationale for junk silver.
Shaving silver off your silver bar I think is going to be popular , like it’s done in Venezuela with gold …but I think once people find out you have precious metals you become a target and I believe it becomes a very dangerous world .
Spot on, it is nice to see someone is thinking. Of course better to have than not. That one gold coin or bar may save your life in time of war or some-type of uprising. So many don’t understand about fractional trading and to me shaving is the only way to go and you better have some type of digital scale and acid tester as-well.
At that point it is a dangerous world if you have metals or you don't.
The first tip I'd offer is to say that I don't think people will have any use for metals unless a functioning economy exists in some form. If SHTF, and prior to a functional economy, people will want only what serves immediate needs: food, ammo, medical supplies, etc. Before I worried about stacking metals I'd make sure I knew my neighbors, knew my community, had friends to align with, had a means of house to house communication. If the issue is purely a currency collapse I agree with you and the places that you think will trade metals for services. (I already pay an electrician - partially - in silver, at spot.) I think services and skilled trades are where metals will come in handy, same as you surmised. Also, if metals are through the roof, fractional denominations will surely be desirable. The trick will be in convincing people that you have real silver. I don't think telling 'em about the history of US coinage, i.e. junk silver, is going to be effective but people may catch on fast. Still, I'd rather be using some rounds and showing them a receipt from an LCS as I think that'd fly better in securing trade with ordinary folks.
But don't you think well worn constitutional money will vet itself and speed its acceptance for trade? Especially in the early stage of collapse? Pretty hard to fake those.
exactly
You could also do a couple of tests on the spot, ping test and the magnetic test
@@amadbejermi7152 Also weight and dimensions if you have the means to measure them accurately.
I agree, the fractional pieces are the most econmical right now. 🎉
you said like I think that PMs are an insurance for the future. But IMO the reason for PMs is partly barter but also to have the basis for the next monetary system whether that's CBDCs or a IMF central currency or even BRICS currency. Everything that you accumulate, including PMs, for a SHTF event is to give you options and to give you time to figure out the next action.
The Govt. will call those metals in AT THEIR PRICE. If you fail to turn it over they will arrest you for having it. Who you gonna trade with? What are you gonna want for the trade? People are not going to want metals.. use your head.
This happened for gold in America and the UK.
Items made of silver like spoons are sold at scrap value but even if silver bullion and Coins were legalised into a corner the government isn’t going to attack the ownership of cutlery.
Only a small amount of people turned in their gold. Most did not.
What are PMs?
@@BruceGordon925The government has never confiscated collectible coins.
Ammunition will also be a tier one currency.
In Russia millions of people died from hunger during the revolution, civil war and WW2. Those who had gold didn't. Even the German soldiers could be bribed with gold. Gold and silver will save your life if the situation gets really bad. If it isn't too bad you will be able to buy other assets with your gold - real estate, art and jewellery.
This is a very important topic to address for all stackers. Consider a scenario where you have accumulated 5,000 ounces of silver over years of stacking, and finally, you watch the dollar collapse in slow motion over let's say a year. Silver hits $1,000/ounce and yes, there are still buyers in business. You cash in for $5,000,000 and beeline to the Caymans. During the month you are celebrating, the pace of the dollar decline intensifies and silver moves to $2,000/ounce, then $10,000 and so on. You will be wiped out just as badly as those who never stacked an ounce. So, my suggestion, barter your silver for everything especially land.
I've read that, during the depression, fleeing the country was difficult as, before you could go, you were asked to pay your share of the national debt. Not sure how true that is but I'm sure they'd make it harder than people realize. I have a farm in S. Brazil that would be my destination but I expect it to be very hard to get there if shtf.
I would also add that a person should never relinquish their entire stack! If you exchange part of your stack for land, save some for taxes, etc. My plan is 50% for exchange, 50% in reserve just in case the price of PMs continues to rise.
@@jaybarr3307 Probably not that hard to do if you can get into Mexico before catching a flight to Brazil.
@@jaybarr3307 Just like the bible says once the gates are shut no one gets in and no one gets out.
Yup tye wall border crisis is more about shutting us in. Not to escape. They will confiscate guns PM. THEY ARE STOPPING TRUCKERS CARGO NO FOOD AT ALL. HAVING A GARDEN N PM U WONT BE ABLE GO TO SELL IT AT DEALER THEY WILL HAVE NO ELECTRICITY. 1 GILD COIN IN ROARING 20S GOT A FAMILY THRU DEPRESSION. HOW NOT SURE THINK THEY KEPT IT THEN IN 30S SOLD OT BOUGHT LAND. BUT 20 ERA IS DIFERENT THEN WHAT THE ELITES ARE DOIN NOW. THEY WANT TO BUTN KILL DESTROY TAKE. EVEN IF U BUY LAND N PAY TAXES. THEY WILL TAKE IT. NE BEST IF A GROUP BOUGHT LAND PAID TAXES M HAD A WELL WATER N GUNS. SMALL MINI COMMUNITY MAKING CLEAN WATER. NOT YO MENTION MARSHALL LAW PLUS AMMO CONTROL N WEATHER WARFARE. IF U KNOW SOME GOOD PEOPLE YOUR GOOD BUT EVERYONE WILL BE AGAINST N TURN ON EACH OTHER. WHEN THERE HUNGRY. MONEY N PM WONT MATTER. CBDC ROLLS OUT BEAST SYTEM NO BUYING SELLING. U WILL BE SNITCHED ON.
REMEMBER THE MASK HOW IT DIVIDED FAMILIES N CAUSED PARoNiA. ???
It will be survival n rioting fear no dealers on Block streets and w AI IT WILL MONITOR UR EVERY FOOT STEPS N CELL-PHONE SOCIAL MEDIa platform
Look at corners of streets Google maps. They see your face everywhere n can report you find you etc. How quickly they will do this n get un police to track U. Have no idea
I think fractionals just make sense, especially when you are dealing locally with obtaining goods. I do wonder if someone collects coins that are silver and the dollar collapses, then the silver currency value goes down with the dollar, will you be able to get the full value out of coins? That's another reason why I think fractionals are a feasible solution.
If the dollar collapses, the value of your silver will increase in value in dollars. However, what an ounce of silver will buy in today's terms should buy the same amount of commodities (food etc) as it did before the collapse of the dollar. For example, I can buy a beef cow to butcher from my neighbor for one gold coin today and also after the collapse.
Purchasing fractional silver doesn't make sense simply because of the premiums involved. Junk silver, particularly dimes fit the bill nicely. Fractional gold on the other hand, does make sense.
One tip that I used in the past, currently use, and will help in the Future, is logging. Log all types of assets with prices on paper every quarter. Do your best to Keep records of price fluctuations on all that matters to you; coffee, copper, silver, sugar, grains, gold etc. It's a good habit to have so when the time is needed, you will have an idea on values that can be used for easier bartering with neighbors, friends and local vendors. Also I remember reading about how values would reach over 3x value on liquidated assets ie: precious metals on hand.
I totally agree, localities will differ from area to area and cash will still be king for a short while whereas bartering will be your best option. Of course PM’s are better to have than not, nothing is for sure.
I personally appreciate your concern about a possible scenario like the one you describe I believe that when the time comes we will probably react accordingly certainly it will be a very confuse how the react to it we just don't have to loose faith in God and ourselves we will need to be calm and vigilant at the same time have mind of preparedness God bless us all and let's keep moving and don't allow the spirit to fall cause we as human beings and God's children will prevail.
Amen
Good subject
I have been doing same thoughts. Barter is most likely. Hoping to just give to grandkids and not need it personally.
I had this idea that I would act as a money changer in my community. I would gather some of my old military buddies for protection and offer an exchange service in gold, silver and whatever local currency is used. I will have coin books that define precious metal content of all types of coin, I will have precision scales, precision calipers and even a Sigma Analytics tester for gold and silver. This can all be done in a small protected space and fees collected based on the size and type of transaction. An X-Ray flourescence gun would be ideal if you can keep it running.
I definitely can see a point in time where stackers will become the new local bankers. With much higher prices you could just make your money on the bid/ask spread like now, only the margin will likely be wider and much more profitable.
Get multiples of all the items that you've listed. You could trade them as well as use them several years because availability may be an issue. Batteries will be needed as well.
@@bryanrettig1859 "Batteries will be needed as well." Yes, they will, especially rechargeable types like NiMH and Li-ion.
A solar powered battery charger or two would be good as well.
Good luck, very dangerous when the public is hungary and there children have no food. God be with you.
You price an xrf gun lately? Heck you can do that now it's called a coin store.
In the early 2000s here in Michigan lots of grocery stores we’re accepting silver and gold as payment for groceries
Wow 🎯
Gas stations
Hey Australia,did you hear about this brilliant idea as mentioned above. I hope they are still doing it and continue doing it until the end of time.
Yes .... I remember signs up at gas stations that they would take your silver.
i also stack simipresous metals like brass aluminum and other bullion as well as amo and of course silver the bigger question is how do you protect it when it all goes down and once all is restored who wins how is the silver and such how do you turn it back to back into real usable moneys
yes titattim brass steal copper lead some of everything zinc
I would buy land and houses. Then I would rent the houses back to the sellers at a price they can afford. Eventually, they will rise in value.
You can but copper bars and trade them as currency. Or, trade aluminum.
I think this is why everyone should have goldbacks which are currency with real gold in the bill, Perfect for spending/bartering.Currently legal tender in Utah, Wyoming, S.Dakota, Nevada and New Hampshire. If you are not familiar with Goldbacks, lots of info online.
In a hyperinflation, the first thing to disappear are the metal coins. Metal will be seen as worth more than paper.
Put away some nickels for the initial bartering.
Regular nickels. N penny's copper. But do u mean silver nickels
Silver nickels, although I have them, is a mistake. You have to explain to people that they are worth more than a regular nickel. Yes stack some regular nickels and some pre-1982 copper pennies. There is no downside as you can always get face value back.@@arlenegarza4353
Very good, important thxu. I think 100 ounce bars, kilo's etc (silver of course) will be important for purchasing property, cars etc if there's a total breakdown or if just a reset back to a bi-metal backed currency, the larger pieces of metal will do just fine. The main thing is to get them while the dealers and coin shops are still accepting fed notes
Some people take 'stacking' with 'SHTF' too literally. The reason people have started stacking (and I hear dealers saying more retirees come in to sell a couple of Oz p/w) is so they may have a hoard, and collect a pension whilst selling 1 or 2 rounds p/w to buy extra food or fuel or alcohol, without having to declare it as an income. It is just a little extra luxury. It is prepping but prepping for retirement, not SHTF. In reality, the fan has already been shat on for a lot of retirees who dont have enough now because of the cost of living. SHTF for our elderly, is here and now.
Silver for trade, gold for saving.
Hi, One thing I've been doing is building a network of local individuals that are willing to trade various goods and services without actual dollars changing hands. These are like minded people and I've used silver to pay for some things. My intention is to find out how I can use what I have in the local economy before I am forced into doing so. I live in a rural area and produce farm and wood products; some of which I sell.
I see a transitionary period that could get ugly. Like minded people will begin trading with it almost immediately. As soon as others see it's value then they will trade with it. Care should really be taken though because those who don't have it will try to get it however they can. Therefore I think stacking some paper would be wise to get through the transition period, as it will be recognized as money even after it really isn't anymore. Then ease into using pre-'65 90% with select strangers. There will likely be a lot of fakes being passed so well worn constitutional money will be easily vetted as legit. Also, it may even be declared/rumored by gov't /media that P.M.'s are worthless relics in order to encourage use of some other made up currency they'll invent to ease hysteria and keep control, while hoarding all the P.M.'s THEY can. All that said, other items will likely be recognized as currency. A box of .22 shells would be hard to counterfeit and would hold real tangible value, not mentions it's small size and fractional possiblities.
Yes, I think so too
Smaller denomination coins or bars.
1gram bars or 1/2 gram.
Silver is also your best bet.
If you buy coins or whatever locally from a dealer then your chance of getting some metals cashed out is very good
I bought my first eagles about twenty years ago and it took three eagles to fill up my truck back then. Fast forward to today and it takes three eagles to fill up my truck. Best hedge against inflation IMO.
Exactly that’s why I stack Silver in everything from 10 ounce bars down to 1/10 ounce rounds. You don’t know what you will need in the future but it’s best to have a mixture of all of it. And buy it now while it’s cheap.
To me smaller is better so I'm stacking silver dimes because it's 14 to 1 ounce. Plus most people will recognize a silver dime.
@@bryanrettig1859 right and they will recognize silver bullion also.😄
I like the idea barter for what you need. In cases of land or real estate how is that type of paperwork completed. Will there be people to make such purchases legal. If there’s no cash what are these individuals working for. That part is something I have been trying to understand.
Julie, maybe you could ask 2 people, like a lawyer, o a judge, to sign as witnesses. You would pay them for the service with some silver round, for example. You also need to receive the proof of their identity and keep it with the land purchase contrat.
yes fractional is good along with 90%. You have to be able to make change and fill the gaps.
We are going back to gold as a measure of currency and as an asset to back our new currency. The world will trade in the value of gold using the blockchain.
For banks to meet the Basel III requirements they must meet specified levels of gold/silver.
The banks most likely will accept gold & silver. And about 1/2 of our states are or in process of accepting gold & silver as money. 😊
Junk silver may become more valuable than stacking!
You are asking all the right questions and raising excellent points (liked and subscribed!!).
I love the idea of a Farmer’s Market, etc.
I think it’s impossible to predict exactly what a post-currency collapse would look like and I consider myself to be a fairly sophisticated “prepper”, so try to be prepared for a variety of scenarios.
And you are right: very few people in the prepper ”space” ever discuss how exactly precious metals would work in a SHTF scenario.
Having some money set aside in the form of precious metals is a great idea.
Flea markets yes, grocery stores no. Recently while in my local Food City , I always ask if they have any different coins or half dollars at the cash office. The young lady had one Kennedy half and I gave her a dollar bill , and was waiting for change. She asked me " These are 50 cents right ??'' The very next time I visited my Grandkids I took silver coins to explain what they are.
Good topic. Question, how much gold and silver would you need for, say, three months?
You should have Gold, Silver and cash at the ready. I seriously doubt we'll have a "hyperinflation" where a loaf of bread costs $100, and most likely, more of a "higher inflation", with a
devaluing Dollar, and with the accompanying rise in P-Metal values selling metal and getting currency will be possible, along with barter to those who know about Gold/Silver.
Gold and silver is not for SHTF, it's wealth preservation for when things get back to normal. Don't stack unless you are fully stacked with food and supplies.
PM’s great for times of uncertainty and fear. Not so good for times of terror or desperation. If can’t get cash from bank and silver goes above $100, LCS’s will run out of cash to buy in a terror time. Like having only a $100 bill today and a store won’t accept it. You hold value but can’t liquidate it
Possible scenario: you have heard that Safeway will be receiving shipments of food on Wednesday. You go to the store early Thursday morning. You find that you were able to get many of the things that you needed. Let’s say it came to $400. How do you pay for it? Silver coins? Tiny gold coins? What are their values? If your gold and silver was worth more than the food you were buying, would you get change? Would you even want the change? How is it going to work at a retail level? All the best to you. Good channel. Thank you.
In a currency collapse... Likely the grocery store won't stay open .. would need to know a food producer and deal direct... Or someone who has a lot of long-term food storage...
Farmers.... ect. Stores probably not open . You need to think about a pantry
I guess the store would give you store credit if the store could not provide change
IMO probably not much of a market immediately, small stores and individuals like you said. CBDC will take affect for a time. Big business and stores will need it. Later as it becomes untenable and the abuse begins gold and silver will shine.
Barter ability is key. Last year I paid for my car to be worked on with metal. I laid down the cash and asked the manager if they wanted that or the metal. They took the metal and gave me my cash back. His wife later called him stupid but he knew the value was more than that of the cash. And I had paid less for the metal than the cash value at the time of the sale.
That's why I love 90% junk silver. It is fractional, recognizable, and will be easy to use. However, we do not know what the situation will be so it would not be wise to only have 90% IMHO. That's why also stacking rounds, government issued, and gold is so important. You need to have all options available so you are prepared for whatever the situation may be.
I sell my farm produced food products at farmers markets for years. This 2 years a sign said I would take US pre 1964 silver at $17 food value to $1 of silver. If the US dollar is worthless people will trade and accept silver, or gold. I keep smaller denomination's of coins so I can get smaller items I need. If someone walked in with an oz coin, silver or gold change would not be available. What would be their option...buy more products? cut a coin in pieces? or probably be paying a higher price for the items. Fractional coins have too much premium added at this time.
How do get fuel to power the vehicle to go to that marketplace ?
Wait patiently!! Even after the dollar collapse. Wait a couple years until Electronic currency is backed by Gold.
My only suggestion is well thought out. There will be no internet. So if everyone grasps this concept it is a fair starting point. In 1964 the USA went off the silver standard and went to fiat paper.
If we take the cost of goods and services in 1964 based on silver, we can establish a base starting point for trade and goods and services.
1- gallon of gasoline was between .27 and . 32 depending on local taxes. A 1964 silver quarter pretty much bought a gallon of gas.
2024 a 1964 silver .25 quarter is worth about $4.00 in fiat. A current gallon of gas is about $3.75 based on local taxes.
So the thesis is 60 years later in SILVER COINAGE you can still get the same amount or close to value in objects and goods and services. Similarly the gold to silver ratio in 1964 is pretty close to the same value trajectory.
With that math fundamentals in place, you can get pretty close to fair market value on almost anything. Gold a Silver ( Brass) and on brass I’m not talking about it as a commodity, you should be able to do day to day fundamental trading of services and goods.
So print out your charts on 1964 values of bread, milk, gas, wages, and so forth and you have the start of a base of fair trade in precious metals again. I refer to this as the great reset.
Everything went south when we became a debtor nation.
Also older US pre 1964 silver coins are 90% silver and 10% copper.
Gold is gold. That’s just my thought on how to value everyone’s silver and gold equally. Of course their will bee scammers and a holes working to screw you over.
Things I guarantee that will Nat be available will be firearms. At that point you have missed the boat and most likely won’t make it a week
Shift your paradigm to the value of goods & services. E.g. in 1960's, gasoline was a quarter (90%, 0.18 oz). Today that same silver is $4.10, about the price of hi-test gasoline today. In 1964, the price of labor was $1.25 minimum wage, or 5 of those 90% quarters. The same hour of work is about $20, today, the same as the value of that silver.
Also I've been hearing that bank deposits will be tokenized on the block chain and backed by gold when they bring out the cbdc. If you hold gold they may try to do a gold confiscation...its been done before. They did not confiscate pre 1933 cause it is considered collectable. If you can hold on to your gold til the very end when rhe new currency is directly tied/convertable to gold you'll be very fortunate.
Move to one of several US states which have already approved gold as legal tender! Have a stack of goldbacks! I'm researching apmex to buy some. During the aftermath of devastating hurricane in Puerto Rica when lights went out..people tried selling their gold to dealers..got ripped off. However..people who had stockpiled cigarettes and booze..workers restored their damaged homes..work all day for a few packs and a bottle!...
The collapse wouldn't happening in a day. So as inflation starts going up u can sell ur metals for supplies
My prepping advice, you better have access to clean water, for me it’s a manual pump well, six months of food on hand, and lots of freedom seeds to protect what you have, in my opinion the silver trading and bartering will come much later, except for the ones in the know,Keep Stackin bro
Pre '65 dimes and quarters are priced lower than 3 years ago at American Gold Exchange.
Perfect for barter.
great vid, it is something a lot of people don't think about is how would they implement a barter economy with there silver and gold. definitely food for thought.
Buy your stash in small denominations like tenths, Mexican pesos, ducats, etc. it’s hard to get change for an ounce coin or bar if you are bartering for commodities.
I love fractionals as well as full oz. They most definitely have a place in ones stack 👍🏻
I believe precious metals will be used as one form of currency after a financial collapse, EVENTUALLY. Initially it will not be widely used. Barter will be the currency of the day after the collapse. Useful items for everyday life and skills. People with skills in this scenario will be needed initially. After a period of time then precious metals will take their place.
Some years ago I noted this question and the reply of someone from South America who had lived through a currency collapse. The major point was NOT to try and barter PM coins or bars in public because that would attract unwelcome attention and make you a target for a home invasion and once invaded your chances of survival diminished starkly! The advice was to collect gold wedding bands and use them for barter and trade as they did not draw attention and can be used quietly, with downcast face, from “wedding finger” to purchase. Collecting a store of second hand 22ct wedding bands is more expensive than buying coins or bars in my experience but they are a different form of PM insurance to cover the immediate needs of a currency collapse. My two penny worth!
I stacked as much smaller silver as possible, ounces, half ounces, quarter ounce and 1/10, plus a bunch of constitutional silver and a decent amount of 999 silver casting shot for the smallest bits I could get my hands on. Also got a bunch of 999 copper on the cheap a few years ago, including casting copper
Its said that 1oz of silver would feed a family of 4 for 1 month in Venezuela just a couple of years ago
Interesting
I wish the state of Virginia recognize precious metals.
Start talking to your representatives, congressman and governor. Start a group and make your wishes known.
Glad you brought this up because i started buying silver coins then stopped -because thought excately the same thing. Whos going to have silver coins for trading also?. Not alot of people can afford to even buy silver coins. Very good and glad someone was thinking practical also. I think like investing have multiple things you can trade with