Hot Tip: Silver and gold prices are WAY down

Spot silver is down to $12.70 an ounce this weekend and gold is sitting at $786. If you've got a reputable dealer nearby and you've got some extra cash sitting in the SHTF fund then now is as good a time as any to go snatch some up. It aint gonna get much cheaper. While the government keeps reassuring us and telling us how things keep looking up we continue to see home values slide even more, the unemployment rate rise every month and foreclosures and huge bank losses continue. Once something else happens that sends the price of oil skyrocketing again we'll see the price of precious metals skyrocket right along with it. Get it while it's cheap.

Comments

Ryan said…
Outstanding. I picked up some assorted silver this weekend. At some point in the not that distant future I would like to have a month or two of cash expenses in silver.
August 16, 2008 at 4:24 PM
The Urban Survivalist said…
Make sure that you have cash first. Silver is great but it's not that easy to liquidate if you really need it. Make sure that you have enough cash to pay your bills for at least a month or so before you start buying a lot of silver.
August 16, 2008 at 8:30 PM
Anonymous said…
I agree with Urban, and the best position is variety; cash, silver, gold, items of high barter value in any situation (ammo, food, and other necessities).

One thing with metals, trusted is probably better. For example recognized silver coinage might be easier to unload than ingots which some might require an assay on before acceptance.
August 17, 2008 at 10:15 AM
The Urban Survivalist said…
The pain in the butt that it would be to convince people that what you're trying to give them is actually silver or gold is the biggest fear that I have with precious metals. If times really do get tough then it could be harder to get rid of it for what it's worth than it is now.
August 17, 2008 at 12:18 PM
Post a Comment

Popular posts from this blog

Some Self Defense Basics

Image
Hey, everyone. If you haven't noticed by now I've been focusing a lot on self defense lately. It seems to be almost completely ignored by people in preparedness circles. I can understand why. It takes a long time to get good at it. There's a lot of getting sweaty and rolling around with other sweaty people. It's pretty easy to get hurt. Especially, if you're just rolling around with your buddies in your backyard. Quality training is pretty expensive. Besides, why learn how to fight when you can just carry a gun? Realistically, though, there aren't too many situations that we should be prepping for that are more likely than getting jumped on the street and sometimes pulling a gun will get you in a lot more trouble than it's worth. Here are some really good videos on self defense basics. Stephan Kesting has a lot of BJJ videos online and he's one of the better "youtube instructors" that I've found. He sticks to the basics and he ...
Read more

Why you should train jiu-jitsu (or some other "real" martial art)

"Where there's discomfort there's fear. In these very tough positions you're in a little piece of hell. And through this daily suffering, you learn to survive in these situations. You have to find comfort in uncomfortable situations. You have to be able to live in your worst nightmare. Jiu-jitsu puts you completely in the moment where you must have complete focus on finding a solution to the problem. This trains the mind to build that focus, to increase your awareness, your capacity to solve problems. Sometimes, you don't have to win. You cannot win. But that has nothing to do with losing." -Rickson Gracie This is why I continue to train jiu-jitsu. At a good school you'll do a lot of live grappling (we call it rolling). You get choked out, arm barred, leg locked and put into plenty of other uncomfortable situations all the time till you get used to them. Then you start learning how to defend. Then you find yourself submitting people. Then a...
Read more

10 Natural Disasters Caught on Surveillance

Image
Today I've got a guest post for you all. If you've got an idea for a guest post you can shoot me an email at artyboy at gmail dot com. If I like it then I'll post it up. Just make sure that it's original content and not something that's been posted on a million other blogs all over the internet please. Anyway, on to the post. About the Author: This article was written by 2MCCTV Surveillance , international supplier of surveillance cameras and complete systems . They offer complete security solutions for home and small to enterprise-level businesses. 1-877-926-2288 The past decade has been filled with natural disasters. These recent disasters have had drastic consequences on the environment and the people affected. Tsunamis and earthquakes destroyed homes and displaced millions. What are your plans for a natural disaster; do you know what to do? There are thousands of recorded videos on the internet depicting the tragedies. Here we’ve compiled 10 natural ...
Read more