Another question regarding gold or silver

[r&j's mom]

Hi everyone!

I just want to say thank you for all the information you have provided. It has definitely helped me figure out where to buy the gold.

I now have another question, would it be better to buy silver rather than gold? We want to be able to have something for our future in case our 401K and IRA's become worthless before we are raptured. If we are raptured before all this, I'd like something for my unsaved family to have to use if they need it. Since silver is cheaper than gold, we obviously could buy more of it. Is silver easy to cash in if needed? I'm just so confused as to what to do!!

I greatly appreciate any information you guys can give me. This board has been such a blessing to me and I'm grateful to all of you!

Thank you in advance!

In Christ's Love,

Jenine

[I'm all 67X]

http://kitconet.com/images/quote_m_spot.gif

I remember Gold at around $600 in early 2007 I think. :scratch

[FarmBoy]

I think a mix of both is prudent and it depends on how much money you are looking to invest Personally I prefer a bunch of silver for several reasons: buy in smaller denominations and get a larger amounts, this provides flexibility when bartering, selling it back, or portioning out to loved ones.

Silver has medicinal value as in Collodial silver, one can make it at home if so inclined. (plans all over internet)

Upside potential is huge and could double in price faster than gold.

Downside: heavier/bulky some analysts think that silver will rocket up and come down again whereas gold will go up but maintain a higher price for the longterm (but then again who knows)

[chel0524]

I am buying silver myself. I think silver will be more easy to barter with than gold because it comes in smaller increments. I also would be afraid that the gov. would confiscate all gold caches.

[jds6958]

I also have a mixture of both. I expect gold to rocket, peak, and stabilize for certain reasons. I expect silver to rocket, peal, and "possibly" correct either somewhat or significantly. Because of that conclusion I consider silver a little more risky but light years better than fiat. The best exit point may just be a little more difficult to determine.

By the way, be careful on Ebay in regards to the PM market. I have seen some fraud and have talked with some individuals that participated in some very negative transactions.

...Recommend Kitco for small purchases.... Bullionvault.com for large AU purchases...

[John Doe]

If you are looking for something to barter in times of financial disaster here in the United states I would recommend stock up on pint sized bottles of Booze, and cigarettes they will go much further in a sin filled world then a gold coin or silver ring..IMOHO

Kid

To be blunt though, how Godly would it be for us to support these habits of the lost? It's a fine line you walk on regarding these things...

It's best to trust in the Lord to take care of you while still following His law.

[Tall Timbers]

I am buying silver myself. I think silver will be more easy to barter with than gold because it comes in smaller increments. I also would be afraid that the gov. would confiscate all gold caches.

I agree that silver will be better for bartering because of the value of an ounce v.s. the value of an ounce of gold.

[hoagster7]

I agree that silver will be better for bartering because of the value of an ounce v.s. the value of an ounce of gold.

Here is my take on this. When all this happens and you see a collapse, prices of everything you will want to barter for will be up in the stratosphere in price anyway. So based on that fact, Gold would be better in that it has a history of retaining it price better. Price of gas...$15 per gallon. Loaf of bread...$20 bucks. Gallon of milk...$20. Just my take.

[Tall Timbers]

Here is my take on this. When all this happens and you see a collapse, prices of everything you will want to barter for will be up in the stratosphere in price anyway. So based on that fact, Gold would be better in that it has a history of retaining it price better. Price of gas...$15 per gallon. Loaf of bread...$20 bucks. Gallon of milk...$20. Just my take.

Your point is valid for sure, but for most of us silver will be easier (less painful $$) to accumulate and in some cases you'd likely have to fork over more gold than the going price of an item. I also think that when such a time comes, even precious metals may be of little use. I see precious metals as probably working for services from someone when you have no service to give in return.

If we get to such a point we'll probably be in anarchy or a near state of anarchy... we'll have to have an awfully good hiding place for anything of value and be very discreet about spending it in order not to lose it. Guns and bullets will likely be at least as necessary as precious metals if/when those days come to us, and alliances with friends and neighbors.

I hope the rapture happens before we have to face such difficulties. Come, Lord Jesus!

[hoagster7]

Your point is valid for sure, but for most of us silver will be easier (less painful $$) to accumulate and in some cases you'd likely have to fork over more gold than the going price of an item. I also think that when such a time comes, even precious metals may be of little use. I see precious metals as probably working for services from someone when you have no service to give in return.

If we get to such a point we'll probably be in anarchy or a near state of anarchy... we'll have to have an awfully good hiding place for anything of value and be very discreet about spending it in order not to lose it. Guns and bullets will likely be at least as necessary as precious metals if/when those days come to us, and alliances with friends and neighbors.

I hope the rapture happens before we have to face such difficulties. Come, Lord Jesus!

Hi Timbers...yes you are definitely correct on this. When all that takes place who will be buying the gold anyway? I too pray that the Rapture will happen before that but who knows we need to protect our families from this irresponsible leadership we have in the US government.

I heard from jds6958 (the originator of the large thread on the economy) that you might want to keep your mortgage, take the 401k monies and use gold to hedge against a fiat currency , then use hyperinflated USD currency from the sale of gold to pay off your mortgage when gold skyrockets. You see your mortgage will still have a balance that remains constant and does not hyperinflate because they cannot to that if its a fixed rate loan! At least you will have a place to live that you own and nobody can take it away from you.