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If I HAD to put all my eggs into ONE pm basket right now...

ChrisRxChrisRx Posts: 5,619 ✭✭✭✭
in Precious Metals
It would be platinum no doubt. What a buy!!! 10 times scarcer than gold!
image

Comments

  • ttownttown Posts: 4,472 ✭✭✭
    But really an industrial metal even though jewelery is made with it some. People have been programed to gold and that's why goverments hold it. But I collect the plat series.
  • CladiatorCladiator Posts: 18,041 ✭✭✭✭✭
    If I had to buy only one thing with my money right now it would be food. If two it would be food and ammunition. Precious metals are a bit down the list.
  • ttownttown Posts: 4,472 ✭✭✭


    << <i>If I had to buy only one thing with my money right now it would be food. If two it would be food and ammunition. Precious metals are a bit down the list. >>



    You collect food?image
  • Norseman88Norseman88 Posts: 962


    << <i>

    << <i>If I had to buy only one thing with my money right now it would be food. If two it would be food and ammunition. Precious metals are a bit down the list. >>



    You collect food?image >>


    Obviously he doesn't collect food, I'm sure you're aware he's referencing to the importance of food over bullion.
  • KareemofwheatKareemofwheat Posts: 200


    You collect food?image >>


    Obviously he doesn't collect food, I'm sure you're aware he's referencing to the importance of food over bullion. >>

    image
  • LALASD4LALASD4 Posts: 3,602 ✭✭✭
    I collect food and water, and a couple tanks of propane. I could last about 30 days without leaving my house.image

    Have not stated on the ammo yet.image

    I got some platinum too, for now, maybe I can melt them to make ammo? I wonder what platinum bullets would be use for.
    Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent.
    San Diego, CA


    image
  • GriptionGription Posts: 228


    << <i>

    << <i>

    << <i>If I had to buy only one thing with my money right now it would be food. If two it would be food and ammunition. Precious metals are a bit down the list. >>



    You collect food?image >>


    Obviously he doesn't collect food, I'm sure you're aware he's referencing to the importance of food over bullion. >>



    hey it's mr. literal image
    heehaw
  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭


    << <i>I got some platinum too, for now, maybe I can melt them to make ammo? I wonder what platinum bullets would be use for. >>



    Doesn't platinum have an extremely high melting point that requires special equipment to melt? Lead may be more practical.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • CladiatorCladiator Posts: 18,041 ✭✭✭✭✭


    << <i>I collect food and water, and a couple tanks of propane. I could last about 30 days without leaving my house.image

    Have not stated on the ammo yet.image

    I got some platinum too, for now, maybe I can melt them to make ammo? I wonder what platinum bullets would be use for. >>

    Folks without ammunition will be unwittingly supplying food to those with ammunition.
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    Platinum is just fugly... very unappealing.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭


    << <i>

    << <i>I collect food and water, and a couple tanks of propane. I could last about 30 days without leaving my house.image

    Have not stated on the ammo yet.image

    I got some platinum too, for now, maybe I can melt them to make ammo? I wonder what platinum bullets would be use for. >>

    Folks without ammunition will be unwittingly supplying food to those with ammunition. >>



    If things get really bad, "folks without ammunition" may be food for "those with ammunition". image



    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • COINB0YCOINB0Y Posts: 4,505
    If I had to buy only one thing with my money right now it would be food. If two it would be food and ammunition. Precious metals are a bit down the list

    image Totally!
  • ChrisRxChrisRx Posts: 5,619 ✭✭✭✭


    << <i>If I had to buy only one thing with my money right now it would be food. If two it would be food and ammunition. Precious metals are a bit down the list

    image Totally! >>



    That is so unrelated. I plainly said if i was to buy just ONE pm it would be platinum.
    Food has nothing to do in this discussion. I guess you are feelin "witty?"
    image
  • Norseman88Norseman88 Posts: 962


    << <i>

    << <i>

    << <i>

    << <i>If I had to buy only one thing with my money right now it would be food. If two it would be food and ammunition. Precious metals are a bit down the list. >>



    You collect food?image >>


    Obviously he doesn't collect food, I'm sure you're aware he's referencing to the importance of food over bullion. >>



    hey it's mr. literal image
    heehaw >>


    Hey don't shoot the messenger and yes I love all kinds of bullion but I love to eat better. image
  • Norseman88Norseman88 Posts: 962


    << <i>

    << <i>If I had to buy only one thing with my money right now it would be food. If two it would be food and ammunition. Precious metals are a bit down the list

    image Totally! >>



    That is so unrelated. I plainly said if i was to buy just ONE pm it would be platinum.
    Food has nothing to do in this discussion. I guess you are feelin "witty?" >>


    I actually agree that the PGM's are a great buy at these levels and recently bought my first Platinum coins cosisting of two 2008 1 oz. eagles, five 98-02 1/4 oz. proof eagles and twelve mixed proof and business strike 1/10 oz. eagles. I actually thought that Palladium was a better buy in the $170-$180 range but I couldn't find any and I've already accumulated 190 oz. in the $200 range so it was time for some Platinum.image
  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    I wonder what platinum bullets would be use for.

    Defense against wealthy vampires? image

    My Adolph A. Weinman signature :)

  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>I wonder what platinum bullets would be use for.

    Defense against wealthy vampires? image >>




    Actually, platinum tipped bullets are used in heavy grain muzzleloaders.

    Very heavy grain as opposed to regular bullets and are used in hunting large game.

    Not to bore anyone here with the details, but they are indeed in regular use.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • DarinDarin Posts: 7,043 ✭✭✭✭✭
    All I have is silver right now.
    Might get some gold after the first of the year if gold doesn't go up much between now and then, and if those new high relief gold coins aren't too expensive.
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    90% silver may be a good thing to have socked back if the SHTF & our fiat $ $ $ become worthless.

    Regards, John
    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭


    << <i>I wonder what platinum bullets would be use for.

    Defense against wealthy vampires? image >>



    I think you mean wealthy werewolves.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • notwilightnotwilight Posts: 12,864 ✭✭✭
    Platinum is denser than uranium and would probably make an awesome armor piercing bullet...depleted uranium is much cheaper for the military however.

    food is hard to store for long times in versions other than C-rations. The idea of storing bullion is that it can be traded for food, ammunition, and other necessities if currency collapses....

    --Jerry
  • WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    Is canned foods considered a metal?

    image


    Steve
    Good for you.
  • Coll3ctorColl3ctor Posts: 3,334 ✭✭✭
    If people would just first think about their actions and not go on impulse alone we wouldn't be in this mess image
  • tydyetydye Posts: 3,894 ✭✭✭
    Ammo is first. If I have that I will just take your food. And your metal while I am at it. Just kidding of course

    ammo is up. Cases 2 weeks ago that were $200 are now $279 if you can find them.
  • KCCKCC Posts: 129


    << <i>Is canned foods considered a metal?

    image


    Steve >>

    image
    -Ken
  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>Platinum is denser than uranium and would probably make an awesome armor piercing bullet...depleted uranium is much cheaper for the military however. >>




    Not really, that's not quite how it works. The military has no uses for it and it's not from a lack of experimenting. Platinum shatters at super high velocity.

    I explained it earlier in extra heavy grain bullets used for big game. Large loads of lead tend to break up at higher muzzle velocities, hence the platinum tips.

    DU is used in sabot rounds. That would be large rounds, tank and artillery rounds. DU is far denser than platinum. It's not even close. The damage has nothing to do with armor piercing, it's due to the impact that virtually vaporizes it's target.

    A sabot round is much like a piece of solid pipe, no tapered tip. While it's housed in a ballistic round for accuracy, that shatters instantly.

    Incredibly high speed impact is DU's trademark. That sort of impact can literally explode a opposing tank, doesn't need to pierce any armor in the process.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • COINB0YCOINB0Y Posts: 4,505
    image
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>It would be platinum no doubt. What a buy!!! 10 times scarcer than gold! >>



    ask this question.....has platinum ever been 10 times more valuable?

    i really enjoyed the food and canned humor of this thread

    90% would be my answer though, if you were getting in today
  • cohodkcohodk Posts: 19,109 ✭✭✭✭✭
    PMs are only good as trading vehicles. They go through boom and bust cycles just like everything else.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • PutTogetherPutTogether Posts: 2,141 ✭✭✭
    Related to the Ammo idea - I keep hearing gun sales in the US have SKYROCKETED since the election
  • Norseman88Norseman88 Posts: 962


    << <i>Related to the Ammo idea - I keep hearing gun sales in the US have SKYROCKETED since the election >>


    All of us rednecks are concerned that Obama will limit availability of guns for sale therefore the increase in gun sales before he takes office. Also people want to have something at their disposal should their unemployed neighbors show up unexpectedly in the middle of the night.image
  • ChrisRxChrisRx Posts: 5,619 ✭✭✭✭
    image

    Looks like I was right. If only I took my own advice image
    image
  • 1jester1jester Posts: 8,637 ✭✭✭
    I'll go against the grain and say that if I had to put all my eggs into one PM basket, it would most certainly be silver.

    imageimageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>image

    Looks like I was right. If only I took my own advice image >>




    Ummmm, no.


    Nov 2008 spot :::: Today

    Gold: 750 ::::: 1152
    Silver: 10.25 :::::: 18.65
    Palladium: 230 :::::: 435
    Platinum: 860 :::::: 1614


    So 3 out of the four PM's had almost identical gains, with gold somewhat lagging behind. Turns out you were NOT right afterall.image
  • tydyetydye Posts: 3,894 ✭✭✭
    Well I went with the food collecting bit (augmented with some beer) and now i am up 25 lbs from 2008
  • 1jester1jester Posts: 8,637 ✭✭✭


    << <i>Well I went with the food collecting bit (augmented with some beer) and now i am up 25 lbs from 2008 >>



    I hope my 25 lbs of silver prove as valuable! LOL.

    Still loving that Galaxie, sir!

    imageimageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
  • pf70collectorpf70collector Posts: 6,648 ✭✭✭
    Yes it has doubled in a year but not at its all time high of 2300 then it collapsed to 800. Its a volatile metal. Really don't know how it will do. If we go into a double dip recession watch out. If it ever goes to $800 again I will be buying.
    Montana State Quarter Die Clash

    Box of 20
  • InYHWHWeTrustInYHWHWeTrust Posts: 1,448 ✭✭✭


    << <i>

    << <i>

    << <i>If I had to buy only one thing with my money right now it would be food. If two it would be food and ammunition. Precious metals are a bit down the list. >>



    You collect food?image >>


    Obviously he doesn't collect food, I'm sure you're aware he's referencing to the importance of food over bullion. >>



    There's chicken and beef bullion, which are kind of like food. and the OP did refer to EGGS in his basket... image
    Do your best to avoid circular arguments, as it will help you reason better, because better reasoning is often a result of avoiding circular arguments.
  • jmski52jmski52 Posts: 22,831 ✭✭✭✭✭
    PMs are only good as trading vehicles. They go through boom and bust cycles just like everything else.

    I disagree. As long as the primary trend remains intact, there is nothing better to have as a store of value AND an insurance against stupidity and calamity. They are always liquid and can always be traded for something less "barbaric".image

    The value of precious metals will always maintain some relativity to other commodities. If paper currencies and vaporware financial derivatives become fairly-valued, you will thank your lucky stars that you have some pms.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    bullion is good... but I prefer a thicker soup myself.

    Liberty: Parent of Science & Industry

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