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<blockquote data-quote="Free Trapper" data-source="post: 4320345" data-attributes="member: 26381"><p>Ok, first let me say I am NOT qualified to give anyone any type of financial advice, but I will give you my take on precious metals for SHTF scenarios.</p><p></p><p>Precious metals have always held at least some value for centuries, and probably always will. Your friend and mine FDR issued Executive Order 6102 on April 5th 1933 ordering all US citizens to surrender their Gold coins, bullion, etc. to the Federal reserve for $20.67 per troy ounce. I understand compliance was spotty at best. Just a little side note.</p><p></p><p>My feelings on keeping gold and silver is only keep US coins. You know the exact denomination and weight of the item your holding if it comes time to trade for chickens or bullets. Everyone will know what you have there and should trade accordingly.</p><p></p><p>1964 or earlier silver coins-dimes-quarters-halves. Silver dollars are kinda a whole different game. </p><p>Their weight is not a full troy ounce and they trade a little differently. Don't get me wrong, I love the Morgan silver dollar and I have a few just to fondle occasionally. </p><p></p><p>Barber/Mercury/Roosevelt dimes (again 1964 or earlier) are great barter items IMHO. You can occasionally still see Barbers that have been clipped (cut in half or quarters) that were used in trading during hard times decades ago.</p><p></p><p>1 ounce (or 5 ounce or 10 ounce) bars are pretty and varied, but how are you gonna get your full value when trading without sawing off a chunk? Never could understand trading ammo to someone who may coming back to use it on you. If your going to keep bars or rounds, Obtain known makers like Englehard/Amark/Silver Town, etc. I don't think I would want a bar from Fast Eddies Coin and Carpet cleaning!</p><p></p><p></p><p>Sorry, had to take a little break there. One of our cats decided I needed a little help and cats and keyboards don't mix!</p><p></p><p>Gold. The US Mint still make Gold eagles in Tenth/Quarter/Half and Full Ounce coins. They are a beauty to have and to hold. I would suggest the tenth ounce for SHTF scenarios if you want to keep gold coins. You can even obtain tiny 1 Gram bars from good coin shops or on line. I personally would prefer them over even the tenth ounce coin for trading (think trading value here) not for speculation.</p><p></p><p></p><p>OK, this little snippet has already gone on long enough.</p><p></p><p>Good luck to all and God bless America!</p></blockquote><p></p>
[QUOTE="Free Trapper, post: 4320345, member: 26381"] Ok, first let me say I am NOT qualified to give anyone any type of financial advice, but I will give you my take on precious metals for SHTF scenarios. Precious metals have always held at least some value for centuries, and probably always will. Your friend and mine FDR issued Executive Order 6102 on April 5th 1933 ordering all US citizens to surrender their Gold coins, bullion, etc. to the Federal reserve for $20.67 per troy ounce. I understand compliance was spotty at best. Just a little side note. My feelings on keeping gold and silver is only keep US coins. You know the exact denomination and weight of the item your holding if it comes time to trade for chickens or bullets. Everyone will know what you have there and should trade accordingly. 1964 or earlier silver coins-dimes-quarters-halves. Silver dollars are kinda a whole different game. Their weight is not a full troy ounce and they trade a little differently. Don't get me wrong, I love the Morgan silver dollar and I have a few just to fondle occasionally. Barber/Mercury/Roosevelt dimes (again 1964 or earlier) are great barter items IMHO. You can occasionally still see Barbers that have been clipped (cut in half or quarters) that were used in trading during hard times decades ago. 1 ounce (or 5 ounce or 10 ounce) bars are pretty and varied, but how are you gonna get your full value when trading without sawing off a chunk? Never could understand trading ammo to someone who may coming back to use it on you. If your going to keep bars or rounds, Obtain known makers like Englehard/Amark/Silver Town, etc. I don't think I would want a bar from Fast Eddies Coin and Carpet cleaning! Sorry, had to take a little break there. One of our cats decided I needed a little help and cats and keyboards don't mix! Gold. The US Mint still make Gold eagles in Tenth/Quarter/Half and Full Ounce coins. They are a beauty to have and to hold. I would suggest the tenth ounce for SHTF scenarios if you want to keep gold coins. You can even obtain tiny 1 Gram bars from good coin shops or on line. I personally would prefer them over even the tenth ounce coin for trading (think trading value here) not for speculation. OK, this little snippet has already gone on long enough. Good luck to all and God bless America! [/QUOTE]
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