Precious Metals question

[Hogmauler]

I was talking to our investor and he owns precious metals. Said during a time such as this “you may want to consider purchasing some”. He was telling me what kind he bought. Let’s say I bought $10,000.00 worth of 1920 TBH ers. According to him , if I took em to a bank to redeem them I’ll get face value. A dollar for a silver dollar. I would have to take them to a collector to get more than face value for them. I hope I’m spelling this out right. So who of you is gonna try and locate a dealer during a time of civil unrest, one scenario. Ir the dollar crashes, another scenario, and you haul a bunch of these around to pay for what you need. Do you think the US would ever allow the dollar to be replaced by an alternative currency short of the SHTF? Am I looking at this wrong fellas? Help me out. I’m not the sharpest pencil in the bunch.
Thanks in advance!

[blood-sport]

I’ve been doing this for over 30 years. Believe me what I’m telling you.

You’ll have zero problem liquidating your silver or gold. No need to head to the bank.

I also hold a position in precious metals and liquidation is not a problem.

Best of luck. If you have anymore questions please feel free to reach out anytime.

All the best -

Blood-Sport
Sergio
832-277-5725
JFJCo.com


Sent from my iPhone using Tapatalk

[Hogmauler]

Thanks Sergio. Haven’t seen you in a while.

[kerrbow]

Consider it like an insurance policy. I buy junk silver(pre-64 silver coins). Good luck.

[Hogmauler]

Why is it called “junk silver”. Seems like pre 1964 the coins would be pure or purer silver.

[M16]

While lead currently isn’t a precious metal it certainly could become one in the future. And I’ve never had a problem getting rid of lead.

[kerrbow]

Why is it called “junk silver”. Seems like pre 1964 the coins would be pure or purer silver.

It is 90% silver content. Most of it is dimes, quarters and very common. It is usually sold in bags of $100-$500 face value.

[Hogmauler]

While lead currently isn’t a precious metal it certainly could become one in the future. And I’ve never had a problem getting rid of lead.

Wow never thought of that. So you buy bricks of it?

[M16]

Wow never thought of that. So you buy bricks of it?

Some ingots but mostly in bullet form.

[SabineHunter]

It is 90% silver content. Most of it is dimes, quarters and very common. It is usually sold in bags of $100-$500 face value.

Actually, it is really pre-65. 1964 and older had 90% silver, 1965 till now is clad. You are mixing the pre-64 with the Winchester, which is correct.

[Hogmauler]

How does a person decide what to buy? The broker walks you through it?

[perow]

I was in the business for a number of years and have done business with a bunch of members here. I am about to jump on a plane but send me your # and I can call you later and go over everything with you

[hopedale]

I was in the business for a number of years and have done business with a bunch of members here. I am about to jump on a plane but send me your # and I can call you later and go over everything with you

Come on man. The GS wants to know what you have to say.

[Tony Pic]

Bruce...precious metals are for when the banking system collapses to have a negotiable item of value, and for folks that speculate to build their portfolio with. Physical precious metals are nice to have in hand.
If the SHTF...silver, gold and ammo/bullets will be the ONLY items negotiable worldwide. If all heck breaks loose you will have no problem at all buying or selling for what you need with precious metals.

[Hogmauler]

I would imagine Pic that if you’re meeting with someone to make an exchange you would definitely need an over watch guy!