I just read the whole thread, interesting opinions here, I like it.
I bought some silver (bar and pellets) years ago, I may have around 1kg of pure silver, about 20grams of pure gold and maybe 50kg of pure copper (not counting the junk copper I also have). That is what I have in terms of metals. Thanks @DNA for mentioning it above.
The copper thing, in 2022 I was building a distiller, and I needed a long copper coil, part of the distiller setup. I was astonished with the price of copper, basically riding along with silver, but in 2022 copper worth more than silver, I paid premium price for the copper (I don't mind), right now it seems to be picking up again along with silver. I got copper wires (best for storage) and copper coil (beside the metal price, it is can be very useful for many setups) - copper is easier to resell unlikely silver or gold, any shop that fix fridges/aircon/electrical services would buy from you, copper has many applications on daily life, so if I have to choose silver/gold/copper, I go with copper. For me the only downside, it is bulk you need a storage to keep it, my little storage looks like a pile of junky, so no one will steal a damn thing from there, I also put a warning in the door, beware mega spiders inside lol
Do you know thieves steal copper wires from houses? That happened to me when I had a property for rent in my home country, they stolen all the electrical wires from the house, since the house was empty and no one was living there for months. I knew about that when I found a tenant to rent it and he told me there was no electricity in the house, so after a little investigation, we realized there was no wires at all in the house, so you know copper has its value.
Gold is good, but as someone mentioned above, you can't buy a loaf of bread with it, generically speaking, you can't do small purchases with gold, only large purchases.
I live in Thailand, silver here is not welcome, gold is the thing, Thai people love gold, but they won't buy any gold from people, they only buy from institutions that provide a certificate, so this for me is another huge issue, because there is no trust in the peer to peer scheme of things (I know too many scammers nowadays), be it between friends or strangers, it is all the same here, certificate from a reputable company or no deal. So I think in terms of adapting to local reality and not trying to make things up, if there is no acceptance outside this little scheme/setup/conglomerate of gold institutions here, then I won't play their game, because if SHTF scenario happen, all these institutions would go off and then what? The paradigm changing all of sudden the people would start trading/exchanging their gold for goods/services without their certificate? Sounds pretty much like hypocrisy to me, so I refuse to play, and that is how I adapt to their game.
This is hard for me to understand and I don't want to depend on things that is hard to deal with or better saying creates dependency (like be part of a chain, one fail all fail). So in a bad scenario: land, food production, water, energy production, remedies/meds, clothing, animal feed, compost, livestock, fishery, and so on... these things make a way more sense if we can manage to keep it running. We don't need precious metals if we think and act like that. The metals would be good to pay for things like property taxes, because it will rise in the coming years.




Reply With Quote