Q & A: Do I buy more Silver or use it to buy Emergency supplies?

As of March 4th, 2011 the price of silver hit a high of $35.67 an ounce. Oil is going higher, over $100 a barrel and lots of smart ppl said it would drive up the price of precious metals = true. Remember the all time high of silver in 1980 was $48 an ounce. So here are the questions...

1. Should I keep purchasing silver each month?

2. I have a good reserve of silver, do I now use some to purchase emergency supplies since I'm short?

Anyway here is my 2 ounces of silver on these subjects & others - like growing a garden NOW, getting more guns, ammo, medicine, etc.

I hope it helps,

Steve

SafeArmsReview's webcam video March 5, 2011 04:25 PM

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[truckcat858]

why buy when it's high?

[SafeArmsReview]

@truckcat858 some ppl believe that silver will go much higher so they continue to buy. note that speculation has broke a lot of ppl.

;)

[SlvrStkr2]

Thanks for the video. Question: i have some of those same coins you showed. Now that Utah accepts silver and gold as tender, will they recognize a coin like that liberty you have? My concern is that it isn't minted by the US gov't. Maybe you would have to bring it to a coin shop and not expect the grocery store to recognize it. thanks again!

just bought a mossberg shotgun. FBI delayed my purchase by 3 weeks!

[SafeArmsReview]

@SlvrStkr2 From what I understand it has to be U.S. minted coins to be recognized at tender. The problem is a silver dollar has more silver than one dollar if the price of silver keeps going up.

Sorry about the delay on your mossberg. The longest time I had to wait was 6 hours; normal time is about 1-2 hours.

Glad you got it.

:)

[bogdan192]

Silver and gold, as well as Oil are sitting on a huge bubble.

Look for the graphs of both precious metals growth in price during the last 20 years then look at the general graph of a market bubble.

Buying silver or gold is not an investment ATM, you're only feeding the bubble and will lose big when the bubble bursts.

Precious metals will be worth scrap if the social system fails. If you really need, invest in land. Develop agriculture. Develop manufacture skills. Food and crafts will be good.

[SafeArmsReview]

@bogdan192 I tend to disagree about your "Precious metals will be worth scrap if the social system fails". Other countries who's fiat money system failed & depressions, etc actually saw great increase in the worth of precious metals.

I do agree about land - I would really like to homestead, live off the grid & live debt free. That & get the skills you mentioned.

:)

[mattyelle1]

@truckcat858 Because it's not high relatively to where it has to go. Look for $150 silver somttime in 2012...and this is conservative. See my vid on this. cheers

[oak415]

@bogdan192 This is a pretty ignorant comment. If you do your research you will know that ppl who owned precious metals during the Great Depression were not impacted.

[NoGufff]

@NoGufff I posted before the end of your vid. My apologies.

[NoGufff]

If you have the room, build a vege garden and a chicken coop. Should the shit hit the fan, and it will, silver won't feed you.

[Codeeist]

@truckcat858

Because it is low, very low.

[Codeeist]

@truckcat858

Why buy when it is high?

Because It is low, very low. Think $500/ounce

[mcdaveo22]

good vid bro. are you selling your t-shirts? I would love to have one