Silver for SHTF
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- Опубліковано 11 жов 2024
- Sensible Prepper Presents: Having a supply of Precious metals can protect your wealth in a market of Financial uncertainty. It's one of the best bartering items because it has a known value and is easily recognizable.
Money Metals Silver Starter Kit:
www.moneymetal...
Gold/Silver Starter Portfolio:
www.moneymetal...
The Modern Survival Manual: Surviving the Economic Collapse
www.amazon.com/...
Thanks For Watching~ Sootch00
Music is from Jingle Punks Royalty Free Music through the Fullscreen Network. Used with permission.
Silver is a store of wealth. A quarter in 1963 (90% silver) bought a gallon of gas, today that 1963 quarter (worth about $3 melt value) still buys buys a gallon of gas.
This is EXACTLY what I have taught out twin sons. So many want to argue that silver and gold are a bad investment....well, I suppose they are of your goal is to produce more fiat currency. All that fiat made through rising stocks wont mean much if the dollar becomes worthless.
I dont call it investing in silver, I call it simply an exchange from one currency (fiat) to another (silver)
Jay- Rus there is a difference, money is a store of value over long periods of time. Currency doesn’t fulfill the role of money as it constantly is devalued. Every currency system is a scam that always collapses to 0.
I am 20 and my grandma died when I was 2. I will get the money she left behind for me when I turn 25. It makes me sick to think about how the money was worth 3 times as much back then as it is now. Had they just bought precious metals that would not have happened.
Well said
I picked up most of mine back at 5 bucks an oz, back in 98 and 99. I have everything else pretty well set up, so now i stock extra silver on the side from time to time. Good video. Also smart to stash cash as well as coins. We prep for ALL types of emergencies not just the end of the world as we know it.
+Iridium242 Thanks Brother. That's the whole point of this video.
I'm 19 and just ordered 8 ounces of silver for the first time. I really wish my generation would take physical money that holds its value more seriously. welp, i tried to start young.
I'm with you. I'm 21 and I've been storing silver since I was 17. I wish more people did it.
+The Survival Guy Good on you. Get started early.
15 years old and I have collected around 35 ounces
Glad to hear there are more smart young men & women out there than the few I personally see.
Never give up, never give in, keep it up, stay safe, keep warm, have fun & whittle to keep your sanity ;-)
Doug Duncan Thanks for the support! I only wish that my college accepted silver as payment though. It would help a bit.
you're the man sootch! i just got to meet you at Going Gear today, thank you for being so friendly and personable and interested in what i had to say! much respect. i'm also a beginning stacker, and love your videos on the subject. One thing i want to clarify though is silver comes out of the ground in a higher concentration than gold, and theres more of it on the planet, but the available above ground silver is much less than available above ground gold, because the industrial uses of silver often destroy it in the process. keep up the amazing work!!
I have a friend that said exactly what you stated,"You can't eat silver!"...I just shook my head...
Thanks for letting us know about the starter kit. I was looking around earlier, but didn't really know how to get started, and that suggestion helped a lot. With silver being ~$17/oz right now, you're basically paying 5 bucks to get the starter kit shipped.
You can't eat silver...but you can make an antibiotic from it, preserve milk etc.
Kill Werewolves!
INDEED!
+Viking4freedom Why does every single video about precious metals have this fuckin comment. We know you can't eat metal. We didn't just think about this for 5 minutes. We have land, water, food, sanitation, guns, ammo, AND OMG...SILVER TOO.
+Viking4freedom You guys who say "you can't eat it" should just go butt-buddy each other and stick guns in all your holes. You are just as common as the fuckers that say "muscle weighs more than fat" like its little known knowledge, or mention "triptophan" every thanksgiving as a reason why you get tired after you eat. Sorry dude. Lots of people are more educated than you.
You're so smart! Vote for Bernie! FREE SILVER!
interesting, i put all my clients in silver at $5.00 and gold when it was $300 too, i was working as head trader at Osbourne Stern and co at the time that would have been back in roughly 1991-ish if i remember right.
Best thing to buy are the Bars, no coin minting cost, so you get more for your money.
rolls of silver half dollars are also a good way to buy
Thanks for the info regarding bars vs. coins.
People need to learn the difference between real money (gold and silver) and fiat currency which is a faith based currency. Real money has no borders as well.
Sootch you are entirely correct. Food, water, physical fitness and defense are the top priorities, but with the national debt close to 20 trillion dollars everyone should have some precious metals.
Joe Biden has just announced he will lower his usual 10% to 8% to help us out. Joke
I started buying silver before I saw this video today. I'm glad you made this video. Thanks
Great short starting video on silver! Agree on silver as a hedge and sticking with coins that are recognized easily.
Gold is not good for bartering. At 1300/ounce, you can't trade for supplies. Silver is the way to go
Why? If we were living in some post apocalyptic world, why would anyone swap supplies for silver? Silver would be worthless, as would gold.
Sure, make your own clothes, hunt your own food, make your own medicine, fix your own vehicles, make your own fuel, raise your own livestock, trap your own animals, cut your firewood, provide all of your own security, make your own bullets....getting the point? Complete self sufficiency is a delusional pipe dream. Complete self sufficiency = dying quick.
bobbluntman the statement was 100% self sufficiency, and that bartering equals suicide. They are both woefully incorrect. That's why i said that. 100% self sufficiency means you can make or fix everything. There aren't enough hours in a day to learn and do everything you need to be completely self sufficient, and to even act as though it's a possibility is delusional.
You can stock up as much as you want but if you are forced to leave, chances are that you won't be able to take your stockpile with you and will have to abandon it. You will have to trade, barter, and scavenge your way and that means you have to deal with other people. This irrational fear that everyone is out to get you is stupid and paranoid. Even in a breakdown of normal resources, rational people understand the concept of cooperation and free trade.
bobbluntman I'm glad to see you back off of your ridiculous statements and revise them with the introduction of a little reason.
People don't want to face the ugly reality that their life savings is going to be destroyed so their only response is to mock others that have done something so they can feel comfortable in their inevitable self destruction.
Great Observation.
Silver and gold have been used for thousands of years and will continue to be, even during shtf
Many of these people that you are referring to know exactly what is happening and are ignoring and even mocking many because they have a vested interest to keep the narrative going. Many have a conflict of interest to keep this Ponzi scheme going because they are depended on commissions and other side benefits and if it dries up they stand to loose.
Still even with all that is happening if you can afford to be into the market too that is a good thing. Don't invest in just one thing.
Joe Blow the next shtf is about survival of the soul. There is only one prep
Great video! I personally use JM Bullion with free shipping over $100 and Provident Metals where I recently got some great Molon Labe 1 oz rounds. I like the selection at Money Metals, but free shipping is at $1K or more.
Great video! Just thought I'd point out that people often forget that part of prepping is also preparing for things you KNOW are going to happen. Retirement, for instance. Imagine the kind of retirement fund you'd have if you had put $20/week into silver since you were 20 years old! Investing in general should be a part of prepping!
Great Great advice. I have a good stash myself just for the reasons you mentioned. Back in the 80s I used to go into banks buy up all their half dollars. Then picked out all the silver haves and turned the non silver halves back in. 40% and 90% silver at face value.
Lots of awesome information here......as always! Keep up the good work man! I love your stuff!
Have been watching your vids for a couple years now, and have never seen this vid. Our family prepares, and we each have our own go bags. Have recently been stacking silver for a little while now, and just happen to come across your vid today while searching for some silver vids.
Good to see that you are making plans similar to the direction we have gone as well.
Thanks for your vids
When I was young I collected old coins: Barbers, Peace, Liberty dollars half dollars and quarters, So I am set pretty well in this department already. I believe that God puts everything together for a purpose. Thanks for your excellent videos!
Eu Também Colecionava Moedas Desde Meus 10 Anos
Deus é Maravilhoso!
Jesus Está Voltando!
Great video. I enjoy all of your videos and have been watching a long time. You have very level headed approach to sharing your knowledge and opinions. Much appreciated and always look forward to the next. God bless.
I live in lebanon and the country went to the crapper in a matter of a few months because of partial economic collapse, food prices more than quadrupled, women haven't started selling their gold to buy food and essentials YET but anyone that has gold or silver has a LOT and I mean A LOTTT of leverage in this economy.
for example: you could buy 2 large fried chickens(with fries) for an ounce of silver(that was before the economic issues)
now that same ounce(even assuming it's still 17-18 usd per ounce and hasn't hiked up) easily buys you 5 fried chickens while it costs 3 times MORE in local currency because of devaluation since value doesn't disappear it just changes form.
all I'm saying here is that talking from real experience(that's is still ongoing), gold and silver in a collapse BUY MORE than they do in normal times.
don't assume that an ounce of silver feeds your family for a day, in a collapse it will feed 2 families for a day easily because of the extra leverage.
Silver & Gold... the only currency that matters.
It's also a great Christmas song.
Thank you for all the info. By far the most helpful video I've seen.
Good advice. Rest of my preps are 99% complete. Got all the "3s" covered x 2. Plenty of other valuable metals (copper, brass & lead). Had a few pre-65 dimes already that I have picked up over the years. Time to increase my silver stockpile.
That the dollar has lost gold and silver backing says far more about the dollar as a CURRENCY than it ever will about gold and silver as MONEY.
There is a book called: It Aint Gonna happen. And it is written by A friend of Medjugorje. Silver is mentioned as the next big thing to invest in. Ive already invested in the Iraqi dinar and I'm still waiting on that. Having silver is a good thing to stock
I use the rule of 3's in my budget - 1/3 for food, 1/3 for other supplies (to include ammunition), 1/3 for silver, gold, platinum I spend $150 a week on prepping so that's $50 for each group For those of you who have been in the service I use Provident Metals because they offer a military / veteran discount but yes I bought the starter kit from Money Metals - gave the 1/10 ounce silver away to parents to get their children started in investing in precious metals
I can only WISH I had that much money to invest in preps every week! lol
Great video! I've bought from Money Metals many times before. Their rates are good and one of the main reasons I like that company is that they allow you to buy all the way down to just one silver coin, if that is all you can buy. So many other companies lock you in to buying their minimum order amount in order to buy from them. Money metals doesn't do that. So it makes it more convenient for those of us who don't have a lot to buy silver with. It allows you to pick silver up over time as your paycheck allows.
I bought a few 10oz silver bars a while back, and not very much in gold, not so much for the collapse of the economy, but because I figured it was a little easier to store in a safe, and have never been a huge fan of keeping all savings in the bank..
At least the silver and gold is worth a bit more since the day I bought it.
Good video as always :)
You might want to get some smaller silver amounts for bartering. The 10 oz bars would not be as useful for barter as silver dimes, quarters, and dollars. Just a thought.
Couldnt have said it any better. Glad to be a stacker! Great video thanks
Valuable metals have no expiration dates. Good prep item if u ask me.
I just subscribed to your channel and was very pleased.Thank you for the information.I have been collecting silver for this exact reason.also thanks for the links I am ordering the gold/ silver kit.
That joke about the guy who never got the 15000 was hilarious!
And the double laugh even priceless!
I kept playing back the video
On that part!!!!
Ja ja!
Jaa jaa!!
Something like that!
Is hard to conterfeit that laugh!
I live on 5 country acres in Kentucky. Many of the locals would not know if any foreign silver coins and silver rounds are real silver. So for bartering in SHTF I only store American coins, especially silver dollars, because everyone knows that silver dollars are silver.
In a crappy economy, I can see silver being useful. In a complete collapse, I don't see it having any value, at least not for a long time. When people are struggling to survive, they're not going to trade food or firewood for silver; they're going to want staples in exchange for staples. Once people are getting it back together enough to be interested in jewelry, maybe. So put back some silver with your other "precious metals," but also stock up on alcohol, tobacco, first aid supplies, soap ... things that people would be scrambling for.
but once things correct you can always exchange in the future. it's better than nothing.
Its money...u take the silver and use it to buy something from someone else...
Thank you for helping those of us that need guidelines! Keep up the good work.
The starter kits are really cool. Have never seen that. Thanks for sharing!
VERY timely video. I have a few Oz. of Silver, and hope to buy more in the next couple of Months. My Mother just bought a LOT of Silver for each of her kids-to be given to us after she passes...Which I hope is a LOOONG time from now! Your observation that there will still be commerce after everything goes Belly up is SPOT ON!
Thanks! Just order me one each of the starter portfolios.
And added a new precious metal company to my list.
Thanks!!!!
Good vid brother. People keep telling me that "you can't eat your silver". I say, that's true but, you can't eat food that you don't have either. We will all run out of food at some time unless you have a warehouse full. I do not, so we will always need something that we all agree has value that we can trade with each other because it has worth. PM's have always fulfilled that niche and it always will.
BAD Joke, but here it goes....
"You can use Silver to buy a Shovel, after you've used your Brass & Lead".
that works...
Bruce Forster Qà
LIKE YOUR THINKING!
You can make change with copper.
🔫🔫🔫👍🏿👍🏿👍🏿👍🏿
Best case scenario Silver and gold will serve as a bridge to the next economic system and protect your current wealth. In a total global meltdown shtf wrol situation its impossible to fore see how things will play out. Owning precious metals will be essential in covering your bases. Gold, silver, copper lead any resource could be a life saver. As a survivalist or prepper discounting the importance of resources such as gold or silver is a huge oversight in my opinion. Diversification is key.
You can use it to make colloidal silver too. That's really where the value is. When one doesn't have a doc to write an antibiotic, they'll go looking for an alternative.
Great overview
Funny how only 6 people seen this lol
Don't know how I missed this video i've been watching your stuff a few years now. Anyway for those like me just getting here about 6 years ago I came into some extra cash not much and bought 100 ASE's at around $16-$17 each those same ASE's are now selling today at $40-$42 each depending on year minted. Think about that and go get yourself some you never know.
The 100 dollar bill could be banned soon and after the collapse, the US dollar may worthless as well. Silver is the way to go
I've actually already been looking into buying gold and silver. Even if nothing ever happens it'll act as a hedge against inflation.
I always head over to my LCS and spend whatever I have left rom my paycheck at the end of the week on silver. After buying ammo and some other stuff throughout the week.
+Cody Johnson www.texmetals.com/products/silver-coins
Main problem I had with silver was the weight. I bought 2 bags of junk silver and I could carry a bag only for a short distance. I returned them . I understand and agree that silver is more practical in bartering than gold.
You returned them? Why not keep them for bartering in SHTF?
@@Dr.Pepper001 she seems to be thinking that silver would be too heavy in a bugout situation. I think most situations would call for hunkering down at home.
I signed up for a "Silver Subscription" from Montana Rarities. I set it up for 50 bucks a month and they mail me how ever much that buys based on the current spot price. It's a great way to build up your stores over time without spending a ton of money!
I do have tons of silver and really appreciate your information. I purchased a couple of the kits from Money Metals Exchange. Thank You for the tip! Please keep the great videos coming.
Good video! I wish more pepper channels would do videos like this. I stack silver rounds and bars for shtf situation and everyone thinks I'm crazy. I know I'm the only one with my head on straight. If I never need it I'll leave it with my children. When I'm gone and it'll make me feel better than leaving cash. I buy 15 to 20ozs a week, I look at it like keeping money in the bank but only better.
To have to purchase a shovel... to bury the guy who tried to steal you silver? HAHA
You're right. Hope you and your family are safe. Hello from Las Vegas.
Correction: @10:02 you say they are all minted by the U.S. Government. Any coin that is marked with the words " Money Metals Exchange " is not minted by the U.S. Mint.
More over, to be fair, right now, it is good to have something like this. I had collected a lot of gold and silver jewelry and precious stone jewelry that saved me when I became homeless. I eventually sold all of it but it served the purpose well and I was able to eat. But the hell was mine, it was not an all out SHTF or civil break down.
Double check those Walking Liberties, especially the fractional (1/2 oz. & 1/10 oz.). To the best of my knowledge, the US Mint doesn't mint fractional silver coins. The American Eagle (the one in the same flip as the Canadian Maple Leaf) is minted by the US Mint and does display the Walking Liberty on the obverse of the coin. I think the others are actually minted by a commercial mint. They of course are still silver, just not minted by the US Mint and therefore "silver rounds" rather than "coins".I think there will always be people willing to trade for silver. Not everyone has the same wants, needs or priorities.
That youtube adrevenue in one video lmao👍🏻😂👌
Setting aside the SHTF scenarios. The tax implications on the purchase and sale of collectibles such as silver and gold coins are interesting. There does not appear to be any reporting requirement on the part of the dealer for transactions below $10K. So, once you sell it's up to you to report the profit to the IRS so you can pay the capital gains tax.
It's worth mentioning at about the 10:00 mark you mention all the coins from the "Money Metals Exchange" were minted by the government except the Maple Canadian coin. This is inaccurate. The 1 oz silver ASE was minted by the US Mint. The fractional coins in the center and right of the picture are minted by a private mint for that seller. They are not government silver.
Thank you so much you are truly a friend, may you always be as wise as your are now. So be it 3x3x3.
Silver is money. It's less for the collapse, and more for storing and maintaining wealth and labor through and after a collapse. Good video, thanks.
I would take silver in trade for goods.
If some of you think items will be taken by force it would be a grave mistake.
A soldier in the roman Empire earned 1 Darius in a day. It consists of roughly 2-2.5 grams of silver. So you would need 2oz of silver to last you a month. Or 24oz a year.
*Denarius
Great video on Silverstacking. People need to understand that this is not investing in silver, but instead is a method of holding the value of what they have.
Hey sootch! Just sold 150 oz yesterday. Silver is a safe investment and is great protection against the weakening U.S dollar
I've really been on the fence, not necessarily about buying it, but getting the ball rolling. You have great content, and are definitely in my top 3 favorite channels for lots of reasons. you did if I could only have 5 guns first for crying out loud lol. keep this "golden" content coming sir.
Though Sootch is discussing silver in this video, it is important to look at all of your preparation as a whole, silver, gold, bullets, food, water, booze and medical supplies. All of these items will be important for use, as well as barter, but their importance will go up and down at different points along the SHTF time line based on the nature of the event that has re-directed or priorities. Once again Sootch, thanks for perspective
The money metals silver starter kit is not all government minted. Only the one ounce silver eagle and one ounce maple are. The rest are privately minted.
I started buying fractional gold and silver bars in 2012...Precious Metals ARE Money....You can barter with it..
If new to stacking silver many bullion dealers offer a one time offer to buy at spot price. You can save a few dollars by paying with a check, it takes more time but costs less. At this time SD Bullion seems to have best deals on constitutional silver.
I’ve always felt that every Adult should assemble and keep safe a minimum of one Half Pound of Gold and Five Pounds of Silver, just as an absolute bare MINIMUM SHTF grab bag.
This is an attainable goal, and should be more than enough to weather out the first several weeks of an Apocalyptic Scenario, at least, as much as can be expected to, anyway…
Supplies: Regulated, can last 10-30 yrs on average. Invested wisely, 100+ yrs.
Silver: Indefinite lifetime, easy to steal unless buried in the yard.
Supplies: Guaranteed meals and safer living for present disasters.
Silver: Will not be accepted by a starving man with a bowl of food.
Supplies: Can be traded as need be for nearly any useful commodity.
Silver: Relatively light enough to transport to other locations. "Liquidated value"
Supplies: Usually bulky and too numerous to transport in one trip.
Conclusion: If you're preparing for anarchy and food shortages, get supplies.
If you're preparing for turbulence in unsure times where society is still together, get silver. If you can't decide what might happen. Get a bit of both. Spending ratio $2/3 supplies, $1/3 silver. Food water and shelter are basis for life. Silver can buy what you didn't plan for in a pinch.
Agree about having multiple sizes of silver coins for currency. Great info.
Not to be a smart ass but i believe the only one in that starter kit minted by the us is the 1 oz american eagle
At the moment I have enough silver to cover a mortgage payment if I need to.
When you can't store any more beans or bullets, silver can extend your preps out into the future. This is how I use it, and how I advocate for my community to consider it as well. And in the unlikely event that the current system persists into your old age, this is a liquid prep that you can cash out, and maybe even come out ahead on. I doubt my paracord will do as well.
This has to be the only silver video I have watched that has really made me think about investing in silver. While I have to admit I'm still on the fence so to speak, my concern is that while the price of silver is at whatever it is at this point in time; What value will it have after the fact ? While I do agree that precious metals will have value, the question is what will that value be ? Most of my prepping dollars are currently going into either food production and preservation or power generation, while a portion is still earmarked for other supplies, food and power get the lions share.
I have been working on being the grocery store because I feel having the ability to produce and preserve food will provide for a financially secure future. Back when I began prepping I soon realized that it doesn't matter how much of anything that you have, it's having the ability to resupply that is the key to survival. Then to be able to produce in excess of your needs gives you valuable barter items. While it is not my intention to provide food for the county, I'm quite sure I will have all the customers in my local area, we also have local flea markets where you can barter items. At this point I'm not really worried about much of anything. Because again it doesn't matter how much you have including silver or gold, without a marketable skill set or being able to produce items yourself, eventually the well will run dry.
I do believe we are headed for a financial collapse, it is a mathematical certainty when you spend more than you make. That is what led me to the concept of production, through hundreds of hours of research and countless days of work I have worked out the details to the letter. Being a master certified diesel technician I have a marketable skill, however I'm not a one trick pony I'm skilled in many areas; Turning wrenches is just how I make a living. While silver stacking could be a back up to my back up, I urge everyone to learn new skills as they will serve you well, education is only expensive when you don't have it.
+mrgearheadfromhell This clown is your typical you tube CON MAN. Silver and gold dealers are
spending billions of dollars for ads and paying guys like him to pitch
this trash because they charge HUGE commissions. If silver and gold are
so great why dont dealers hold onto it for themselves? Stop being
conned people. All of these preppers and doomsday fools are CON MEN who
are making money selling ads and products based on your stupidity.
+You Are a Loser
Stock and bond dealers charge HUGE commissions. They report making billions in their financial disclosures. If stocks and bonds are so great why don't dealers hold onto them for themselves?
See how easy it is to see a BS argument?
PS: I would love to see where you got the "billions" in "billions of dollars for ads", on second thought, I don't want to smell something that brown and stinky.
+mrgearheadfromhell I have no idea if there will be a financial collapse in our lifetime. But if you're saving for the future buying A LITTLE gold or silver is quite prudent. After all, in a time of crisis, if a love one gets ill for example, having food or power to trade is OK but you never know what other people will need.
What if someone else has what you need, but they already have food and power? Having a mobile, easily identifiable store of value will make things a whole lot easier.
aCycloneSteve
WTF do you know about prudence?? HAve you EVER worked as a licensed financial adviser?? I HAVE and I can tell you that you are wrong. You WILL LOSE MONEY buy gold or silver.
You Are a Loser
So as a financial advisor it's in you personal self interest to push stocks, bonds and mutual funds?
Funny investment story. Years ago, I was a PI in the DC area, I got hired to find a man's assets. The man had embezzled several hundred thousand from his employer, bought gold when it "peaked" at $400+ and got caught shortly after gold dropped back around $300 per oz. He figured he would make a killing and put the money back with no one as the wiser.
Common sense advice on starting in smaller denominations. Great video.
great story. ...I am doing this with my 401k...fiat for hard assets
Silver and Gold have been money for thousands of years and will continue to do so. It's a precious metal, it's supply is finite. It has value.
+Geordie Prepper
The truth about US paper money is that it is even worse than just a fiat currency. It is a debt backed currency which means it is actually worth less than nothing. You and I and everyone owe money for every dollar issued assuming that the currency doesn't go bust.
Rusty Chains True, that is why fiat and debt backed currency needs to be consigned to history and the rule of law and the money as stated in the Constitution be brought back. Fiat currency has a 100% failure rate.
Intrinsic Value of silver. This is the built-in value of silver, that is, it cost money to mine the silver out of the ground, to refine it, then make it into bars or coins and assay them (verify the weight, purity, and mint). This value is brought forward and also due to the rarity of the silver market it tends to hold value.
Silver can also help with water and wine preservation. It can help detect some poisons. And if the were wolves attack, you are good to go. You might also be able to fashion a faraway cage with silver. Collonoid silver also helps heal if you can make it since silver has anti bacterial properties. Silver put in a bag is also a weapon.
I buy from a Local guy, quarters all pre 1964. He used to be my ex wife's Great great grandmothers mechanic, he knows me, and cuts me a deal.
It's weird that you put this video up. Two days ago I bought my first 1oz coins. 2 2016 Australian Kangaroos and 3 2016 Somalian Elephants.
Great advice. There's a book out there called, "The Creature From Jekyll Island" which talks about the Federal Reserve (NOT a government agency) creating money out of thin air and giving it to our government to disburse; currently the US is 19.2 trillion dollars in debt to the Federal Reserve. When more of an item gets produced it loses value or is worth less than before, which in this case is Federal Reserve Notes. The obvious question is why have precious metals been losing value with all this money printing. There a many reasons but the three most obvious ones are: manipulation by banks to keep it low (if you don't believe me research Deutsche Bank manipulation April 14), fractional paper trading of precious metals and there's no velocity in the market - meaning countries and banks are holding Federal Reserve Notes and not distributing to the masses. All it takes is one country/bank to start disbursing (buying property or other assets and loaning money) to have a domino effect where all others will do the same. Saudi Arabia was threatening to do this with 750 billion dollars just last month if the US government opened up the 28 pages of the 9/11 investigation to the American public. Once the velocity starts the dollar drops in value. I know this sounds conspiracy theory or that I sound like I'm a crazy person but please research it yourself.....you'll be scared with what you find.
Praise the Lord grab up silver and pass the Ammo around the boogie man coming to town
I lived in Chili in 1969-70. When I arrived one Escudo, (Scud), was worth 2 cents US. When I left it was worth >.0001 cents.....We would see baskets of Scuds on the street...
you make the best videos sootch keep up the great work!
I like silver too.. I stay away from Numismatic (collectible) coins because there's too much premium over spot price of silver. That is... you pay extra for the collectible aspect of the coin... collectible isn't something people will really care about in an SHTF situation... I also stay away from "Junk" silver because now in a barter situation you're stuck explaining to someone what it's worth "Oh really it does have silver in it because it was made before a certain year" and "well it's a certain percentage of silver" etc... silver eagles maple leafs rounds & bars is the way to go it says "1 oz .999" on it and there's no question what it is... Plus you can watch for low premium deals on rounds & bars especially. Good stuff Dave!!
The Deutsch Mark was the only paper currency that had intrinsic value (it had a silver thread in it) also save any bicentennial quarters some are silver as well as 1942-44 nickels. 1982 and older penny's are copper and worth more than the zinc that we use today.
Sootch just wanted to suggest one adjustment you should make. I 100% agree with keeping some cash on hands at all times(in my case it's mostly in case a hurricane hits me here in Florida, which is also a concern for you in SC). But keeping $1000 in $100 bills is not a good idea, because you may have a hard time finding people who have change for that, unless of course you are buying something close to the value of the bills. I keep $500-$1000 in $20 bills in my safe...
+SirReptitious I agree. I keep a variety of denominations for the same reason ... also in Florida.
thank you for this video.I'm gonna by me some silver.
Great collection you have there! I agree with what your saying! I stack silver every week
A $100-bill today is worth what a $20-bill was when I was in High School.
I agree with you, buy junk silver coinage at pure metal value. Numaistic silver is useless once the SHTF. And silver is small enough in value it has barter-value, gold is too-large in value. Coin silver is more advantageous that mint-silver; silver dimes, silver dollars. Commodity value, not collector's value.
The house next to ours got robbed today, the family fought him off, then he ran through our back yard and across the highway. I was not home at the time, but it was probably better that way because no one was seriously injured and he was captured.
+Simon Depew Wow, glad no one was hurt.
Yeah me too.
Silver starter kit is at $80.24 as of right now, 6:55PM 5/4/16. $17.50 an ounce for silver.
Best deals and most reliable outfit I've found is JM Bullion
In Europe Degussa is supposed to be pretty good
Junk silver also called constitutional silver and also yes 90% silver 10% copper. Half dollars from 1968-1970 is 40% silver but still silver so ya get as much as you can but watch the premiums on the silver
I've bought 80 1 ounce silver rounds bullion so far this week while prices are down. I only buy the cheapest ones that are priced closest to spot. I stay away from the fancy engraved collector versions. In shtf situation they are only going to care about the worth of the actual silver, not how pretty or rare the engravings are. The problem is all the plainer cheaper bullion stuff is sold out, just the higher priced limited edition collector rounds that start at 8 dollars and ounce over ask and go up from there.
Nobody was going to come take the guns, but since you just sweetened the pot with silver.... hmmm? lol
There's also Industrial/Recovered silver. Two ways this works if SHTF. First, you can use it to make change. Secondly, silver is antimicrobial. Throw an ounce or two into a mesh bag and drop it into your water supply.
www.apmex.com/category/25775/industrial-silver-grain