Comments on: Silver in Times of Possible Currency Failure http://whiskeyandgunpowder.com/silver-in-times-of-possible-currency-failure/ Whiskey and Gunpowder features articles on gold, oil, currencies, emerging markets, energy, and more. Thu, 24 May 2012 21:26:59 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: rancherlady http://whiskeyandgunpowder.com/silver-in-times-of-possible-currency-failure/comment-page-1/#comment-2158 rancherlady Sun, 31 May 2009 07:57:19 +0000 http://whiskeyandgunpowder.com/?p=4356#comment-2158 Hi, Jason...how about metal AND commodities you know will be useful over the long haul? I think it is time to own at least one diesel vehicle (say, a nice old Mercedes you can probably pick up for a thousand or two.) Diesel is back down below gasoline, again, and the great thing about it is that you can store it, unlike gasoline which now has a six-month shelf-life. Depending upon where you have to keep it, you can get diesel in 50-gallon drums (buy a hand pump), or find a good used tank that can hold hundreds to thousands of gallons. Don't pay over a dollar per gallon of storage capacity, or that's the price I can get here in Texas, anyway. Diesel can be used to run generators and other motors, will be a great trade good if the worst happens, and wouldn't it be fun to have two or three thousand gallons hardly anyone else could use the next time gas goes out of sight?! Next time there might be lines, ration cards, and only being able to buy on alternate Tuesdays... Hi, Jason…how about metal AND commodities you know will be useful over the long haul?

I think it is time to own at least one diesel vehicle (say, a nice old Mercedes you can probably pick up for a thousand or two.) Diesel is back down below gasoline, again, and the great thing about it is that you can store it, unlike gasoline which now has a six-month shelf-life. Depending upon where you have to keep it, you can get diesel in 50-gallon drums (buy a hand pump), or find a good used tank that can hold hundreds to thousands of gallons. Don’t pay over a dollar per gallon of storage capacity, or that’s the price I can get here in Texas, anyway. Diesel can be used to run generators and other motors, will be a great trade good if the worst happens, and wouldn’t it be fun to have two or three thousand gallons hardly anyone else could use the next time gas goes out of sight?! Next time there might be lines, ration cards, and only being able to buy on alternate Tuesdays…

]]> By: Jason Freeman http://whiskeyandgunpowder.com/silver-in-times-of-possible-currency-failure/comment-page-1/#comment-2155 Jason Freeman Sun, 31 May 2009 06:39:04 +0000 http://whiskeyandgunpowder.com/?p=4356#comment-2155 Ditto. This is good stuff. I still can not understand how people don't think that we will have rapid inflation with all the spending that is going on. How are we ever going to pay this spending back? Solution, inflate it away. $1000 today is only $100 in the future. Who is hurt? Only the savers. The only solution for the common folk is to buy precious monetary metals. Ditto. This is good stuff. I still can not understand how people don’t think that we will have rapid inflation with all the spending that is going on. How are we ever going to pay this spending back? Solution, inflate it away. $1000 today is only $100 in the future. Who is hurt? Only the savers. The only solution for the common folk is to buy precious monetary metals.

]]> By: David http://whiskeyandgunpowder.com/silver-in-times-of-possible-currency-failure/comment-page-1/#comment-2149 David Sat, 30 May 2009 09:44:28 +0000 http://whiskeyandgunpowder.com/?p=4356#comment-2149 Gold coins also some in very small denominations. You can buy 1/4-ounce Krugerrands or Eagles, for example, and you can buy British Sovereigns (0.2354 ounce) and Swiss 20 Franc (0.1875 ounce) coins. Also, you can buy small gold bars in sizes ranging from 1 gram to full ounces, packaged by PAMP Suisse and others in an assay card printed with the guarenteed weight and fineness. True, the premium over spot price is higher, but the smaller coins and bars are necessary in any investment program to provide versatility. The bottom line is that a prudent investor in precious metals needs to have a full range of coins and bars in both silver and gold to provide liquidity in the event that the currency does collapse. Unfortunately, that event is not too far in the future. Got gold (and silver)? Gold coins also some in very small denominations. You can buy 1/4-ounce Krugerrands or Eagles, for example, and you can buy British Sovereigns (0.2354 ounce) and Swiss 20 Franc (0.1875 ounce) coins. Also, you can buy small gold bars in sizes ranging from 1 gram to full ounces, packaged by PAMP Suisse and others in an assay card printed with the guarenteed weight and fineness. True, the premium over spot price is higher, but the smaller coins and bars are necessary in any investment program to provide versatility.

The bottom line is that a prudent investor in precious metals needs to have a full range of coins and bars in both silver and gold to provide liquidity in the event that the currency does collapse. Unfortunately, that event is not too far in the future.

Got gold (and silver)?

]]> By: rancherlady http://whiskeyandgunpowder.com/silver-in-times-of-possible-currency-failure/comment-page-1/#comment-2147 rancherlady Sat, 30 May 2009 04:30:06 +0000 http://whiskeyandgunpowder.com/?p=4356#comment-2147 Dear Bill: Great article! So how come nobody else said so except me? LBT Dear Bill:

Great article! So how come nobody else said so except me? LBT

]]>