Gold and Silver Bullion: Buying Gold in Small Denominations for an Economic Collapse.
www.mintproducts.com In this video I make suggestions on what types of Gold to buy (in preparation) if an Economic Collapse occurs. The same rules apply to Gold as Silver, as my earlier video titled Silver Bullion: Why and What forms of Silver Bullion do I buy?" Do keep in mind that Gold is a preference, and not necessary. But I do believe in diversifying.
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great information keep it up
to those of us new to silver, as i read Ted Butler/gata i realize he and others have waited 20 years for this moment we are at last entering. The moment of truth in value. Perhaps we will also learn to value those who are older and hopefully wiser.
Good video. Thanks
Bright side… silver $350/oz, gold $9200/oz… Bad news, bread $75/loaf, Gas $125/gal. In truth if you have gold silver you’ll most likely be doing a streight barter of xxx.yy oz of gold for ??? That’s the cold reality of an economic crash.
Bottom line plat and silver have higher up side potential, gold has preserving power, but if possible stockpile some food and grow a garden with your friends too.:-)
A wise man, very wise indeed, better safe than sorry dude. I’m a true believer.
I’ll tell you what gets me….I go on ebay and see these 1 gram silver bars and coins that are becoming popular now…they are selling for $4 each!….do people not do the math on that….there is slightly over 31 grams in one troy ounce…that means they are buying a gram of silver at the price of about $125 per ounce! They would be much better off just buying pre-65 dimes.
LOL GML! You’re right on the money recognizing a lack of common sense. I can buy 2.25 grams by just buying a silver dime LOL! Most of the time you can buy these at spot or just above. But anyway……each to his on :>)
My grandfather was about 13 an on his own during the depression- to this day he keeps gold and silver on hand- just in case. His reasoning? He said you cant just print money like toilet paper lol..The older generation knows what bad times are-
why not gold?
@topbluffa1……I’m sorry but I’m not quite understanding your question about the gold.
Mike
i think IF there is ever an economic collapse like some predict, it’ll be so bad that it won’t matter that much if you have gold or silver or not, because so many will not have it, it’ll be total anarchy, and when you go to do your business with your gold or silver, you’ll be a target
Do u consider your damaged silver coin as collectable error coins?
Yes I do……..it’s called a clipped planchet. Many may not, considering it’s not a coin of commerce. But yes, many people, such as myself, consider it to have a higher dollar value to collectors.
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Thats why you’ll be carrying a gun
10 dollars each? NICE.
Value is the best reason for buying…
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i got a question.
what proportion of the US population has a southern accent like yours vs a northern accent like those in NY & Canada ?
@orangedac
LOL! This is a Southern Accent. I guess most of us down here speak like this. Some with a deeper accent. Some southern accents jump out at me also. There’s some that’s a LOT deeper! Many are obvious to me too.
@WhyMeWhySilver
Its a cool accent.
Everytime i hear it, i see a tumble weed roll by and i feel i’m about to engage in a gun fight at high noon..
I buy my silver from 1/3 oz fractional in older currency (Australian 1966 50c coins) all the way up to 10oz coins and bullion bars.
In Gold, I purchase around the 1/10th oz coins
Fractional has liquidity, which when prices move will ensure you can use your PMs in a practical sense.
I never buy numismatic coins for that reason. I don’t want to be a position where I’ve paid a lot of money for a numimatic coin only to have it’s value drop to the value of the metal itself, assuming I can even get the full metal value price for it. I buy government minted bullion, junk silver, .999 silver rounds (soon), and 1/10th oz. gold coins. I really eventually want to buy fractional bullion rounds, but I haven’t gotten that far yet.
@orangedac
Like, less than 10% of Americans have a southern accent
NY and Canada have their own accent, NY is for only their city
Just started swaping my 1 oz for fracs. Sold 8 Krugs at 1,260 few weeks back, now got it swithed into 1/10 and 1/4 oz. Some reason I dont like anything outside of even grams or fracs of oz. cant get into the .1234 oz coins. Decided on keeping a personal collection of 1 oz proofs etc. (for personal fondling)
@stealinator I think you done well at selling at gold’s recent peak. Your smaller fractionals would certainly give you a larger market of buyers that could otherwise NOT buy a larger priced coin of 1oz. Great Move! You’e setting yourself up in a position that’s going to be desired by many when these metals grow to even higher highs :>)