PMs General Thread

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Winterprep
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Re: PMs General Thread

Post by Winterprep »

My take on PMs is that they are for investment only.I don’t think that many folk will be interested on bartering with them during a SHTF scenario,there may be some and some smaller value coins “might” be handy. Each to their own and we all prep for our own reasons and thinking. I only wish I had got into gold much earlier but the gold I have has increased between 30% to over 100% depending when I bought them.

WP.
ForgeCorvus
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Re: PMs General Thread

Post by ForgeCorvus »

Winterprep wrote: Sat Feb 08, 2025 4:06 pm My take on PMs is that they are for investment only.I don’t think that many folk will be interested on bartering with them during a SHTF scenario,there may be some and some smaller value coins “might” be handy. Each to their own and we all prep for our own reasons and thinking.
Thats about where my reasoning is, PM's to store wealth. Any bartering will be with surplus or (preferably) skills.... In fact I'm already doing some skills bartering.
I only wish I had got into gold much earlier but the gold I have has increased between 30% to over 100% depending when I bought them.
Me too, I bought a small quantity of gold scrap (9k) from a friend a couple of years ago. The gold content was about 2 grams or £90 spot at that time.... Now its around £150 (I know its melt value isn't that high )
jennyjj01 wrote:"I'm not in the least bit worried because I'm prepared: Are you?"
Londonpreppy wrote: At its core all prepping is, is making sure you're not down to your last sheet of loo roll when you really need a poo.
"All Things Strive" Gd Tak 'Gar
Peter
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Joined: Wed Mar 01, 2023 4:21 pm
Location: West Midlands

Re: PMs General Thread

Post by Peter »

Winterprep wrote: Sat Feb 08, 2025 4:06 pm My take on PMs is that they are for investment only.I don’t think that many folk will be interested on bartering with them during a SHTF scenario,there may be some and some smaller value coins “might” be handy. Each to their own and we all prep for our own reasons and thinking. I only wish I had got into gold much earlier but the gold I have has increased between 30% to over 100% depending when I bought them.

WP.
The main reason for PMs is to hide your savings from TPTB :P .
ForgeCorvus
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Re: PMs General Thread

Post by ForgeCorvus »

Peter wrote: Sun Feb 09, 2025 8:24 pm
Winterprep wrote: Sat Feb 08, 2025 4:06 pm My take on PMs is that they are for investment only.I don’t think that many folk will be interested on bartering with them during a SHTF scenario,there may be some and some smaller value coins “might” be handy. Each to their own and we all prep for our own reasons and thinking. I only wish I had got into gold much earlier but the gold I have has increased between 30% to over 100% depending when I bought them.

WP.
The main reason for PMs is to hide your savings from TPTB :P .
What savings?
I spent a lot of money on beer and parties...... The rest I just wasted :lol:


Some of the silver I initially bought for way more then I should of paid is now a lot less overpriced :oops:
jennyjj01 wrote:"I'm not in the least bit worried because I'm prepared: Are you?"
Londonpreppy wrote: At its core all prepping is, is making sure you're not down to your last sheet of loo roll when you really need a poo.
"All Things Strive" Gd Tak 'Gar
ForgeCorvus
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Re: PMs General Thread

Post by ForgeCorvus »

Just had a look at the PM spot prices thread.

Last week gold went up a tenner in two days. Not a wild swing, just noticeable
This week its gone up £45 overnight WTF?
Is it because a certain US president keeps saying whatever is on his mind?.... I know markets hate uncertainty and when things are unstable people buy trustworthy investments. Gold is a 'safe pair of hands'
jennyjj01 wrote:"I'm not in the least bit worried because I'm prepared: Are you?"
Londonpreppy wrote: At its core all prepping is, is making sure you're not down to your last sheet of loo roll when you really need a poo.
"All Things Strive" Gd Tak 'Gar
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pseudonym
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Re: PMs General Thread

Post by pseudonym »

ForgeCorvus wrote: Tue Feb 11, 2025 7:48 pm Just had a look at the PM spot prices thread.

Last week gold went up a tenner in two days. Not a wild swing, just noticeable
This week its gone up £45 overnight WTF?
Is it because a certain US president keeps saying whatever is on his mind?.... I know markets hate uncertainty and when things are unstable people buy trustworthy investments. Gold is a 'safe pair of hands'
Nope, dropped £52 today.
Two is one and one is none, but three is even better.
ForgeCorvus
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Re: PMs General Thread

Post by ForgeCorvus »

OK, does it normally bounce around like that?
jennyjj01 wrote:"I'm not in the least bit worried because I'm prepared: Are you?"
Londonpreppy wrote: At its core all prepping is, is making sure you're not down to your last sheet of loo roll when you really need a poo.
"All Things Strive" Gd Tak 'Gar
Arzosah
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Re: PMs General Thread

Post by Arzosah »

ForgeCorvus wrote: Wed Feb 12, 2025 8:12 am OK, does it normally bounce around like that?
I don't know about gold and silver in particular, but on a spreadbetting account, that would probably be an artefact, and any trades made on it would be null and void. Back in the day, anyway.
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pseudonym
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Re: PMs General Thread

Post by pseudonym »

ForgeCorvus wrote: Wed Feb 12, 2025 8:12 am OK, does it normally bounce around like that?
"Currently, no countries operate on a pure gold standard. That means no government directly tethers physical gold to its currency's daily valuation or exchange rate on a fixed basis. This once-universal economic system has been replaced by a fiat currency experiment"

We as preppers/stackers must decide what our limits are and not worry about FOMO.

I am stacking for my Relatives futures, they just don't know it yet.
Two is one and one is none, but three is even better.
ForgeCorvus
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Re: PMs General Thread

Post by ForgeCorvus »

No worries..... I'm planning on the long haul, 15+ years.
jennyjj01 wrote:"I'm not in the least bit worried because I'm prepared: Are you?"
Londonpreppy wrote: At its core all prepping is, is making sure you're not down to your last sheet of loo roll when you really need a poo.
"All Things Strive" Gd Tak 'Gar