Precious Metals - Kimber Forum

Kimber


Go Back   Kimber Forum > Off Topic Area > Off-Topic Discussion Forum

Like Tree17Likes
Reply
 
LinkBack Thread Tools Display Modes
Old 01-27-2016, 09:50 PM   #1
Senior Member
 
Hoffbrew's Avatar
 
Join Date: Apr 2015
Location: Central California
Posts: 2,908
Precious Metals

Does any of my KT family members buy silver, gold, platinum etc... I have been reading on this but would like some advice. Spot price, pawn shop purchase, on line purchase, JM Bullion... PM me if that would be better. Lips are zipped.
__________________
NRA Life Member
USCCA


Always be ready - 5.11
Hoffbrew is offline   Reply With Quote
Remove Ads
Old 01-28-2016, 05:30 AM   #2
Senior Member
 
Insta-Gator's Avatar
 
Join Date: Jan 2014
Location: Georgia
Posts: 11,763
Commodities are too speculative, IMO, unless you just want to be holding something of value when the SHTF.

For SHTF event, bullets, food, medicine will be worth 10X it's weight in gold.
Chuck43 likes this.
__________________
Insta-Gator aka .. Gary
(warning: prone to bouts of petulance)

It's not that I have something to hide, ... I have nothing I want you to see.

(remember your 4th Amendment right, people)
Insta-Gator is offline   Reply With Quote
Old 01-28-2016, 07:47 AM   #3
Senior Member
 
Dude22's Avatar
 
Join Date: Dec 2013
Location: South West Florida
Posts: 5,837
I bought gold in the seventies at $340.00 an ounce. I purchased mine from a local jewelry shop who also sold coins. He has long since passed away and the shop closed.
__________________
Denny

KEEP CALM AND RETURN FIRE

NRA Life Member
Dude22 is online now   Reply With Quote
 
Old 01-28-2016, 08:03 AM   #4
Banned
 
Join Date: Sep 2014
Posts: 2,773
National Debt is 18.9 trillion dollars. But don't worry there is plenty more were that came from. From nowhere....

U.S. National Debt Clock : Real Time

Last time I checked they still haven't figured out how to make gold.
Chuck43, OLE442 and Spotly like this.
montanaResident is offline   Reply With Quote
Old 01-28-2016, 09:40 AM   #5
Senior Member
 
Mike240's Avatar
 
Join Date: Aug 2013
Posts: 1,707
I have some. I bought in 2010 and should have sold in 2012. It is now not worth what I paid for it. The money would have been better off in my 457 plan.

Unlike a few guys I worked with I didn't borrow all I could from my 457 plan to buy gold. Their retirement model sucks as they pay it back and have metal worth much less than purchase price.

Having some in the so called SHTF case can't hurt in the early stages when greed and hope for a return to normalcy still exists. But should it last enough you can't eat gold.

Remember Y2K? Everyone's planning for the end? A neighbor (and the only LDS guy friendly to none LDS) was talking to me a few days before it hit. Another LDS guy drove up and asked the other if he had enough stores for the worst and a plan. My friend (a bishop) and former 'Nam vet Green Beret, said he did and ask Mike his plan.

I was reluctantly asked and told him I had guns, ammo and training...and a pin map with the location of all the LDS family homes.

No offense to the Mormon members. But if it gets BAD enough for long enough lead will make a greater impression than gold.
Chuck43 and Hoffbrew like this.
__________________
Yea. Keep telling yourself that split times donít matter.
Mike240 is offline   Reply With Quote
Old 01-28-2016, 09:48 AM   #6
Banned
 
Join Date: Sep 2014
Posts: 2,773
Google this if you don't remember -- bank bail-in Cyprus.
Chuck43 and Jflytle like this.
montanaResident is offline   Reply With Quote
Old 01-28-2016, 10:09 AM   #7
Senior Member
 
glokrok's Avatar
 
Join Date: May 2014
Location: Texas
Posts: 2,525
I have been told that if it hits the fan. Those with guns ammo and whiskey can get all the food they want. You can't eat gold.
Chuck43 and Hoffbrew like this.
__________________
glokrok.com
glokrok is offline   Reply With Quote
Old 01-28-2016, 11:37 AM   #8
Senior Member
 
Spotly's Avatar
 
Join Date: May 2015
Location: Eastern Washington
Posts: 1,072
I got into silver in the 80s and have been squirreling away some ever since. Should have sold it all when it hit 50ish. I'm holding out hope that it goes back up again. I'd say if you're going to buy for investment, now wouldn't be a terrible time to do it. For me, the volatility is part of the appeal. It's like buying a lottery ticket....in the end you can wind up with big bucks....or not.
Hoffbrew likes this.
__________________
Some call me.....Tim

You can tell alot about a fellow's character by his way of eating jellybeans. - Ronald Reagan
Spotly is offline   Reply With Quote
Old 01-28-2016, 11:57 AM   #9
Senior Member
 
Hoffbrew's Avatar
 
Join Date: Apr 2015
Location: Central California
Posts: 2,908
Great answers! Not looking to stock pile, just buying some 10 oz bars for "why not" factor. Just something different, I am sure it will pass just like Broadcastify did!!! lol thanks.. I am not prepping.. well kinda I guess, just look in my safes!!! Wait.. just kidding ATF.. I just have a box of .22 and my g-pa's old Henry for target shooting.
__________________
NRA Life Member
USCCA


Always be ready - 5.11
Hoffbrew is offline   Reply With Quote
Old 01-28-2016, 05:03 PM   #10
Senior Member
 
Elapid's Avatar
 
Join Date: Oct 2013
Location: North Mississippi
Posts: 249
Now is a great time to buy precious metals, silver @ $14.22 per oz is a no brainer. I have been stockpiling since the 70's should have sold some @ 45+ but I'm sure it will go back there, it's just a matter of time and if you will live that long.
Hoffbrew likes this.
Elapid is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On