I would like to thank the 4 of you out of 18 replies who answered my question. Things are looking up.

No, too common.

But for Pete's sake.

quote:

Originally posted by jhe888:
No, too common.

But for Pete's sake.

Thanks. I wasn't sure what the downside was. brain freeze on that one.
Again, thanks 3 eights

quote:

Originally posted by RogueJSK:
Once you have all you'd ever need of all of those, then you might think about stuff like saving up old pennies to possibly melt down for scrap copper.

Melt pennies, face a $10,000 fine from the Feds: https://abcnews.go.com/Busines...ry?id=2725597&page=1

Originally posted by jimmy123x:

quote:

Personally I find collecting Gold or Silver a pretty silly principle, because they have very little real world use or need in the manufacturing sector......

You’re a little out of date Jimmy. While gold is primarily valuable as a precious metal or in jewelry, silver has many industrial uses. Solar panels, electronics, medical uses, etc. Silver pricing gets hurt in a recession because the industrial demand falls, and industrial demand is a lot of the demand for silver.

ETA: Sorry mrmn50. No, I see absolutely no use for copper as money. Along those lines, I would check with a precious metals dealer for “junk silver”, bags of coins pre-65 or thereabouts (I forget) that have no special numismatic value but are 85 or 90% (again, I forget) silver. Those old quarters and dimes are recognizable and more like to serve as money in a SHTF scenario than copper or any other industrial only metal.

Truth be told, I’d expect loaded ammunition, booze, cigarettes or something else along those lines to work better than even junk silver if the fecal material does actually impact the rotary oscillating device.

quote:

Originally posted by slosig:

quote:

Originally posted by RogueJSK:
Once you have all you'd ever need of all of those, then you might think about stuff like saving up old pennies to possibly melt down for scrap copper.

Melt pennies, face a $10,000 fine from the Feds: https://abcnews.go.com/Busines...ry?id=2725597&page=1

Originally posted by jimmy123x:

quote:

Personally I find collecting Gold or Silver a pretty silly principle, because they have very little real world use or need in the manufacturing sector......

You’re a little out of date Jimmy. While gold is primarily valuable as a precious metal or in jewelry, silver has many industrial uses. Solar panels, electronics, medical uses, etc. silver gets hurt in a recession because the industrial demand falls, and industrial demand is a lot of the use for silver.

So in a SHTF situation silver value drops like a rock, which doesn't make buying it for a SHTF a logical decision.

quote:

Originally posted by jimmy123x:
So in a SHTF situation silver value drops like a rock, which doesn't make buying it for a SHTF a logical decision.

Maybe. There is downward pressure on the price because of reduced industrial demand. That is not the only factor affecting price though. And that is not what you said. What you said was:

quote:

Personally I find collecting Gold or Silver a pretty silly principle, because they have very little real world use or need in the manufacturing sector......

and while there may be some truth to that wrt gold, it is just flat wrong wrt silver.

A humorous anecdote: Back during the panic that started during 2008, at one point there were widely discussed fears of the US government defaulting on bonds, maybe tied to one of the feared .gov shutdowns, I don’t recall. What was the result? People rushed to buy Treasuries “for safety” in the time of panic. This made absolutely no sense, (Why The Firetruck would you buy debt obligations from a country that was feared about to default in order to protect yourself from that default?) but it happened. Talking with the broker about this we both laughed at the insanity of it, but appreciated it.

If folks fear rampant inflation when we finally get out of lockdown, are in the middle of hugely depressed economic activity, and are tripping over the mountains of stimulus “cash” that the Fed has conjured into being and our government has borrowed to dump out of helicopters, it is just possible that some folks may think that buying real assets might make sense. Productive farm land is a great real asset, but not everybody has the funds for that. A few bullion coins though? Most folks could find some funds for that. I wouldn’t dream of predicting what will happen, but I will go so far as to say that multiple different things will effect the price of things, and none of it has to make sense, certainly not in the short term.

Maybe some rolls of 12 or 14 ga. wire to trade with people getting way off grid, like for solar panels ect. Skins said he knew where to get a lot of copper, it might not be safe to be in those areas, and tear out is a lot of work.

I am with the junk silver coins and ammo bunch.