Silver vs IRA

[Dave]

my ammo is up more than 4x from less than 10 years ago
Ain't no stock done that.

plus, nobody gets their fingers and steals it 1, 2, 3 percent a year (government, bank, mutual fund, whatever)

I bought 3,000 shares of Ford stock in November 2008 at less than 1.50 per share. It's at 12.92 right now. Though it has taken a big hit today....

Go with Wulf's advice, most will depend on employer matching for 401(k) accounts, and precious metals are a hedge not a real investment unless you can time the markets and have large amounts of cash to invest up front.

[BushMasterBoy]

This year I have lost a third of value in silver bullion. January was 32 bucks...now I am at $22.80 an oz. I am in for the long haul, so I am still ok. Might be coming to a good point to buy some more, if it bottoms out.

[hatidua]

dont put your eggs all in 1 basket

Probably the only sound advice in existence.

[Sawin]

This year I have lost a third of value in silver bullion. January was 32 bucks...now I am at $22.80 an oz. I am in for the long haul, so I am still ok. Might be coming to a good point to buy some more, if it bottoms out.

Yep, me too but it's just "discretionary spending" money, not really for investment/retirement purposes. I've been slowly buying more as the price has been dropping too. Just ordered some of these this morning for less than face value (ironically - face value means nothing). http://www.coin-rare.com/silver-bull...klin-bars.aspx

[muddywings]

So what is the standard denomination that people are collecting? I was just thinking standard 1oz and my 1/2 oz coins.

[hobowh]

I have a mix 1oz 10oz pre 65 coins nothing to big incase it comes to trading

[Sawin]

So what is the standard denomination that people are collecting? I was just thinking standard 1oz and my 1/2 oz coins.

I have a little bit of everything from 1/10oz rounds (the size of a normal dime) to 10oz ingots. Most are 1oz though.

[sellersm]

Great time to buy, but many online retailers are running out of stock. Word has it that the US Wholesale suppliers are sold out of physical silver right now: http://networkedblogs.com/KjrG9

I know the mint's been selling out of SAE and other items.

[Sawin]

I've ordered from here before, but they do charge a surcharge for credit card orders. Other than that, they've been great. Appears to have lots of options left in stock too.
http://www.coin-rare.com/silver-bullion.aspx

[roberth]

Don't know much about silver or gold, hoping to learn, but.................

If you can't stand over it with a rifle, you don't really own it. I think Cyprus, Argentina, etc all clearly show that. They are going to steal the bank accounts, they are going to steal the retirements.

remember, a deposit in a bank is a loan to that bank. You are not being paid for that risk anymore (seen interest rates lately). Might as well keep it at home in the mattress. Safe Deposit boxes are worthless, the US has already stolen what's in your safe deposit box once (back in the 1930's), they'll do it again.

5000 dollars worth of gold and silver is a lot smaller and easier to move around than 50 $100 bills. Just saying.

AMMO

Both of these.

Let's say you have $5,000 in the bank, the bank pays 1 quarter of 1 percent (0.0025) on your $5000. The bank loans your $5000 on a house for which they charge the mortgage holder 3.5 percent. Inflation (http://www.usinflationcalculator.com...flation-rates/) was 1.6% in January 2013 so you lost some of your $5000 to inflation and the bank barely made anything on their loan which is why they don't pay you anything on your deposit. The government is strongly (almost forcibly) encouraging banks to make loans to people who either cannot or will not pay that loan back, the government backs those loans with our confiscated tax dollars.

The bank will package those bad loans, then sell those bad loans to Fannie and Freddy (that's us) and we get to pay for it. No wonder the government is holding 17 Trillion in debt, all worthless paper because of the bad loans the government forced the banks into providing. This is called redistribution of wealth. Simply put some welfare fuckstain gets a house and we get to pay for it.

Additionally look at what has happened to the US Dollar, a Euro is valued at $1.32 dollars. The Euro for crying out loud, a currency invented by window licking socialist bed wetters who thought they could join Europe under a common currency. What the hell happened to the dollar?

This financial nightmare must come to an end, I do not know how long they can keep up the charade.



I'll conclude with this: The only assets worth having are those that you can defend with your AR, the house you're sitting in, the car you drive, the firearms, ammunition, metals, medicine, food, and the water you can store.