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Lisa C. ! SIERRA ! Now that I have it...What do I do with it?

Submitted by Kat on Fri, 04/25/2008 - 19:09
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I've been buying silver and I know it's long term...In the event of an economic collaspe...What do I do with it?

Sell it on Ebay?

I need to have something of a plan and want to be educated on how to handle this investment..Help..

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bump

Submitted by doctor011 on Sun, 04/27/2008 - 17:00.

bump

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If voting could really change things,
it would be illegal. Here is hoping for change!

Some scenarios are ok to

Submitted by hawkiye on Sat, 04/26/2008 - 23:54.

Some scenarios are ok to sell. For example say you bought silver at 5 dollars an once and bought enough that now or in the near future if you sold a large portion of it you could pay off your house or another property and still have some left over. That would be worth it because without the mortgage you could still continue to buy some and lower your expenses and not worry about losing your home when the crash comes because you lost your job and can't make the payments etc.

Buying silver helps you protect your savings by retaining your purchasing power when the currency is devalued. if you can use it in some way to make you more self reliant there is no shame in selling some of it. Just try not to sell all of it if possible. But remember you can't eat silver and if its a choice of eating or saving then by all means do what you have to.

PS I never answered your original question. in an economic collapse it will become a currency again that people have confidence in and can be traded for goods and services just like our fiat dollars are now. Only it will have better purchasing value. IOW you get more for your REAL money!

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Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty, or give me death. Patrick Henry

—

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End The Fat
70 pounds lost and counting! Get in shape for the revolution!

Get Prepared!

That was a good answer...

Submitted by Kat on Sun, 04/27/2008 - 00:38.

Thank you.

My biggest concern is for my home and if silver rose to a price where I could cash some of it in and pay off the damn mortgage, then that is exactly what I would do.

My only problem would be is that if the bank was failing and called my note due BEFORE silver rose to that level...then...I'm screwed.

I think that is a big

Submitted by hawkiye on Sun, 04/27/2008 - 01:21.

I think that is a big concern for most of us. One thing to remember is that if the banks start to domino then there will be many in the same boat however all the foreclosed property will be selling for pennies on the dollar most people will still be out of luck however those who have silver and gold will have some purchasing power and though you might loose the current home you may be able walk away and buy another for cash.

Some gurus are saying silver will rival and may even exceed gold because it is used more in industrial applications and there is a shortage. (Always take the gurus with a grains of salt, however the circumstances seem to support them on this) So if you bought 20 silver eagles at say 20 an ounce for a round number and silver goes up to a thousand an ounce thats now worth twenty thousand dollars. Even if we have hyperinflation that will sky rocket most things except real estate that will actually go down because no one will be able to afford it so it will have to go down in order to sell. You might be able to take the silver you paid 400 for and buy a house priced a 20,000 that used to be 150, 000 or 200,00+ depending on what market you are in. ( that's another thing depression will even out the market and most real estate will be priced relatively the same regardless of location)

Or if your still in your mortgage and hyperinflation comes and the dollar is worthless it still takes the same amount of those worthless dollars to pay off the mortgage so you cash in some silver and pay it off because it commands more dollars because of that inflation.

So you can begin to see how it protects your savings and becomes a stable store of "value" despite the fluctuation of fiat currency. Then it makes sense to continue to buy silver and protect your savings and buying power as much as possible.

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Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty, or give me death. Patrick Henry

—

-----
End The Fat
70 pounds lost and counting! Get in shape for the revolution!

Get Prepared!

That is basically what I was going to tell you privately kat.

Submitted by IamVoting4RonPaul on Sun, 04/27/2008 - 01:41.

My "sell" signal (for some of my holdings anyway) is not the price of silver but the ratio of silver to US median home prices.

In other words, how many ounces of silver will it take to buy a median-priced home. I will start selling at a certain ratio. Most people would just shake their heads at this ratio because they couldn't possibly believe silver will be valued so highly or real estate so poorly. This will be the beginning of my transfer of some silver to prime land/real estate.

I am in a different financial position than most and have been preparing for this time for over ten years. I enjoy helping you because you remind me of myself when I first started. You "get it" and are interested in learning. Very rare qualities in the US today.

___________

Lisa C.

http://www.women4ronpaul.com/

—

Ron Paul "Sign Wave Across the USA" -- November 5th!

It gives you a target to work toward.

Submitted by IamVoting4RonPaul on Sun, 04/27/2008 - 01:05.

Take your mortgage balance and divide it, say, by $100 and that would give you the amount of ounces you might shoot for. I think silver will go past $100/oz but it's a good number to start with.

Be aware. In dire circumstances, you might just be forced to walk away from your home and keep your silver simply as a tool for survival. If you are have to choose between eating and/or leaving your home (to live with family/friends) you'll have to be ready to make that decision. Much would depend on how much metal you have at that time. Keep plugging away and hopefully you won't have to make that call.

Tough choices, huh?

___________

Lisa C.

http://www.women4ronpaul.com/

—

Ron Paul "Sign Wave Across the USA" -- November 5th!

Smart...Very Smart People.

Submitted by Kat on Sun, 04/27/2008 - 09:02.

And I'm so lucky to have all of you around....You would not believe how you've just opened my eyes through this one thread (and e-mail..Thank you Lisa...you're a doll...A silver doll !!!)..

This puts me in a better position to actually think critically and form a plan.

I hope others that were reading will pick up this knowledge as well and use it to their advantage...It was priceless to me.

Don't sell it

Submitted by thefreeman on Sat, 04/26/2008 - 17:39.

Silver and gold for a family is like insurance, you hope you never need it but you don't ever do without it (sell). The majority of people buy high and sell low - don't be one of those people! Accumulate, whether the price goes up or down, frankly, it doesn't matter. The point is to own as much as practical for your situation (keep buying within your budget). You should die owning it...and then your kids will own it. (tell them where you hide it). If you ever need it, the shit has hit the fan and it's not pretty out there!

Silver,

Submitted by kw on Sat, 04/26/2008 - 11:54.

and I remember how wonderful it was to have pockets full of the heavy stuff(silver dollars) when I was a kid. However, it seems the general populace thought nothing of it when the feds changed them out to paper. They just did it with nary a peep from anyone.

Bumping this post

Submitted by Christi on Sat, 04/26/2008 - 11:14.

For all to read and learn from. I know I am learning... have been buying for a few months now and people are right... It is addicting! Hope I use it wisely when the time comes!

Proud Ron Paul Supporter

—

Christi
Proud Ron Paul Supporter

Hey Christi...

Submitted by Kat on Sat, 04/26/2008 - 11:42.

I know how you feel...I'm addicted....But I'm learning...just like you..and I think there are a few of us on DP that need direction....We need to have a precious metal class! Silver 101...

Sign me up!

Submitted by Christi on Sat, 04/26/2008 - 12:18.

I'd take that class in a heartbeat! I'll bet it would be standing room only.

Christi
Proud Ron Paul Supporter

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Christi
Proud Ron Paul Supporter

Sorry

Submitted by Christi on Sat, 04/26/2008 - 12:19.

For the double post. I accidentally bumped the mouse!

Christi
Proud Ron Paul Supporter

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Christi
Proud Ron Paul Supporter

Sign me up!

Submitted by Christi on Sat, 04/26/2008 - 12:17.

I'd take that class in a heartbeat! I'll bet it would be standing room only.

Christi
Proud Ron Paul Supporter

—

Christi
Proud Ron Paul Supporter

If anybody here is in a PANIC!!

Submitted by takeaction on Sat, 04/26/2008 - 03:30.

I will buy all of your silver at spot if you want out!! If you can not handle what is going on...and want out....just say so! I am buying! I will pay $1 over spot for all American eagles in cash right now!!! If you have a large amount...I will fly out and hand you cash...Just say so!

I'm not panicking...

Submitted by Kat on Sat, 04/26/2008 - 11:56.

As a matter of fact...I'm still buying ,like you...I'm just trying to learn about WHY I'm buying since I've never done this before and have very little knowedge on precious metals or it's role in the economy. Moreover, I wasn't sure of it's position in a completely collapsed dollar..Having a safe full of silver eagles doesn't do me much good when I don't know what to do with it...Or how to handle it intelligently in a time of crisis.

What I am doing now is simply buying based on my gut instinct without true understanding. And I have always lived by.."If you can't fully explain it in words, then you truly do not understand it" philosophy.Then....I need to learn more.

Nothing wrong with trying to educate yourself, right?

And there are a couple of people here who do KNOW alot about this subject.

No, no, no....

Submitted by IamVoting4RonPaul on Sat, 04/26/2008 - 03:57.

kat's too smart to sell.
___________

Lisa C.

www.women4ronpaul.com

—

Ron Paul "Sign Wave Across the USA" -- November 5th!

Hang on to it

Submitted by left the hurd on Fri, 04/25/2008 - 19:38.

I personally love to touch it, look at it, stack it up, sort it, imagine who had it 100 years ago ect ect... lol .... I'm whacked that way.

But seriously, the way it was explained to me...IF things go all the way south a silver quarter is still worth a quarter where as your paper unit of debt is worth nada. I look at it that way, for me it's not the investment factor. Food, medical supplies, ammo, silver, toilet paper, veggie seeds that still reproduce after their own kind... did I say SILVER hehehe.... all very, very dear items and will become dearer as the days go by.

Now those that come thru what is coming our way and even here already with silver left will be sittin in the cat bird seat.

Be creative & find a 'nice spot' for safe keeping. watch out.... that stuff does get addictive.

Thank you for sharing...

Submitted by Kat on Fri, 04/25/2008 - 19:51.

Your first paragraph reminded me of Mr. Krabs (Spongebob)..."Money...I love money!"

So...It's not considered an investment...but more of a transfer of one form of currency into another? (Sorry if that was a stupid question.)

Kinda sorta...

Submitted by left the hurd on Fri, 04/25/2008 - 20:11.

But more like transferring something w/very little value for something real and with true worth.

We are buying a prescious & limited metal with worthless paper units of debt that are being devalued every day. That is an investment to be sure but I do not look at it as a sell-able investment.

Silver even FEELs real... paper money looks more & more fake to me, especially those new circus looking 5 dollar bills. I stock up on 5's when I'm out shopping simply for the conversation starter.

Looks like play money, well yes it does! Any idea how much this is worth? 20 cents and falling... and out comes a Freedom to Fascism DVD and a pocket constitution. Shameless I know.

Spongebob hahaha Gary rocks! And you will not go wrong with silver.

okay..

Submitted by Kat on Fri, 04/25/2008 - 20:21.

Not a sell-able investment..but maybe a trade-able investment?

That's what I've been reading here..(I think)

It can be either.

Submitted by IamVoting4RonPaul on Fri, 04/25/2008 - 23:14.

You can have "junk silver" to buy things with during hard times and you could have, say, an investment account (stocks) converted into 1000oz bars (these you hang on to as a preserver of wealth).

Also remember, you are not trading silver for something, you are buying with it. Silver is real money.
___________

Lisa C.

www.women4ronpaul.com

—

Ron Paul "Sign Wave Across the USA" -- November 5th!

Hey kat.

Submitted by IamVoting4RonPaul on Fri, 04/25/2008 - 19:28.

We have years to go before you'll want to sell. Who knows? Ebay might not even exist then. People will want to sell stuff (much of it probably stolen) for extra money.

Part with it only in cases of emergency and only if you can't get rid of cash first. The main reason for buying metal is to carry your wealth from one side of an economic downturn to the other.

I'm hurrying out the door. Email me via my website and I'll have some extra info for you. Gotta go buy cat food. It's about 5:30 PST now and I'll be gone about an hour or two.
___________

Lisa C.

www.women4ronpaul.com

—

Ron Paul "Sign Wave Across the USA" -- November 5th!

Hey Lisa!

Submitted by Kat on Sat, 04/26/2008 - 23:26.

I can't seem to get through to your website..Is it down?...

Hey kat.

Submitted by IamVoting4RonPaul on Sat, 04/26/2008 - 23:47.

It's right where I left it.

I updated my signature -- should get you straight there.

___________

Lisa C.

http://www.women4ronpaul.com/

—

Ron Paul "Sign Wave Across the USA" -- November 5th!

Duh...I got to it...

Submitted by Kat on Sun, 04/27/2008 - 00:31.

Just sent you an e-mail...

Kat, just hold it! not in

Submitted by SIERRAHPBT on Fri, 04/25/2008 - 19:24.

Kat,
just hold it! not in a bank vault!... at some point you will buy a whole weeks worth of groceries for 5 pre 1965 90% silver quarters! the silver will become money as we know it.. just like a dollar bill! not to long ago gold and silver coinse were exchanged just like paper money today! KEEP BUYING.. you can never have enough! just wait Kat.. within 3 years you will be rich beyond your dreams... Keep buying some here and some there.. it will add up! also silver is very liquid.. you could sell on ebay.. silver is hard to bid on on ebay.. i'v been trying and I keep getting out bid! this is one thing youv done that your going to be vary happy you did!

as for me and my home, we shall worship the LORD

—

“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)

Hey McCain-----┌П┐(◣_◢)┌П┐

I don't

Submitted by Kat on Fri, 04/25/2008 - 19:36.

really have too much in junk silver...I have mostly silver eagles...but I have to be smart about how to use it. This is all new to me..

silver eagles are great!

Submitted by SIERRAHPBT on Sat, 04/26/2008 - 04:52.

silver eagles are great! now just go down to your local coin store and ask for some 90% silver dimes... buy a few here and there! they could be life savers!
as for me and my home, we shall worship the LORD

—

“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)

Hey McCain-----┌П┐(◣_◢)┌П┐

I have a few silver eagles

Submitted by dcarter9 on Sat, 04/26/2008 - 00:13.

and some gold eagles as well, but I have been buying 90% silver coins lately (dimes, quarters, halves) cause you wouldn't want to come off a silver eagle for some thing that is only worth a couple of dimes or a quarter. I have also started saving my base metal change, cause it may get to the point where that will buy something when the paper won't.