I was buying silver when it was only $12 per oz.
Typically you can find pre-1964 quarters and nickels at almost any antique shop and thrift store, or sometimes even at flea markets. Pretty easy to find shops that sell them today. Those will be the coins to barter with if something ever happened to the US Dollar (if people are even willing to trade essential goods for silver that is). Otherwise you can go to any coin shop that specializes in silver and gold and buy full ounces or even full silver dollars (the really big coins). Don't concern yourself with silver bars unless you have a ton of fiat currency you want to liquidate and protect.
In any case, when there is a massive economic crisis, essential goods to survive will always reign king (long-term food storage, clean water/water filtration, guns/ammo, tools & hardware accessories, extra clothing/underwear/socks/gloves/shoes/boots, extra first aid supplies and OTC meds, extra sanitation supplies)... silver will only protect whatever value you had invested with fiat currency. Digital accounts & ETFs will be useless, if you don't hold it you won't own it.
What do you guys recommend for buying silver? Should i be getting higher premium stuff like American silver eagle, generic bars/rounds, junk us coinage, or something else? I already have about 10 oz of a mix of all of the above
You can stack some silver coins and hide them away around your private property, just make sure to remember where you put it and check on it periodically. Having multiple locations is the best way. Always buy the physical silver and gold with cash too, so no one has a trace of it. Same way I buy ammo.
I'll be honest bro, if I were living in an unsafe area the first thing I would invest in is a gun and some ammo. Anything else would be a secondary concern for me.
I don't know what you should do if you are living in some ghetto but if you feel your own home is not safe enough you could store it in a safety deposit box like many others do, although under federal law safety deposit boxes are subject to seizure or confiscation whenever the government desires so...... You will have to come up with a way to stash and hide it away without anyone knowing if you cannot trust your own residence and hope no one finds it or sees you. Best of luck.
How do you store the silver safely? Where i'm living storing it at home is out of the question.
How do you store the silver safely? Where i'm living storing it at home is out of the question.
I stack silver coins and bars as collateral so if I ever take a loan (which I often religiously pay back in time) and for some reason cannot pay it back in time, I can liquidate my physical holdings to pay back my debts. I also stack them for hard times, for similar reasons. It is not a bad idea to hold something of physical value, you never know, you might need to use it and the whole idea is: silver will always have some form of value.
Everyone talks about solar technology these days. You know what you need A LOT OF to manufacture solar technology? Guess! SILVER. Solar technology relies heavily on silver mining. So it ain't going anywhere but up these days.
Why did the Reddit silver short squeeze fail?