PMs General Thread

[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]

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 )

[Peter]

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 .

[ForgeCorvus]

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 .

What savings?
I spent a lot of money on beer and parties...... The rest I just wasted


Some of the silver I initially bought for way more then I should of paid is now a lot less overpriced

[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'

[pseudonym]

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.

[ForgeCorvus]

OK, does it normally bounce around like that?

[Arzosah]

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.

[pseudonym]

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.

[ForgeCorvus]

No worries..... I'm planning on the long haul, 15+ years.