Turning Gold/Silver into usable/tangible assets

[C4IGrant]

Have a customer (which might be a forum member) purchase some guns and parts with an ounce of Gold.

I was game for it and he most likely saved some money (as he purchased the gold at a cheaper price).

He now has some guns he can shoot and spare parts. Smart move on his part?


Thoughts?


C4

[Nathan_Bell]

If it is their first defensive quality weapon, good swap. If they have a good armory and this was a 'play piece' I think he did it too early as precious metals haven't finished their climb.
For you...likely a good deal as you have the gold in hand and as I said earlier, precious metals are not done climbing.

Do believe it will become more common.

[C4IGrant]

If it is their first defensive quality weapon, good swap. If they have a good armory and this was a 'play piece' I think he did it too early as precious metals haven't finished their climb.
For you...likely a good deal as you have the gold in hand and as I said earlier, precious metals are not done climbing.

Do believe it will become more common.

He got some really good items that will retain their value (and can use them to defend himself and assets).


C4

[Nathan_Bell]

He got some really good items that will retain their value (and can use them to defend himself and assets).


C4

Not many 'toy' class items in your shop, kind of a given it will hold its value.

[C4IGrant]

Not many 'toy' class items in your shop, kind of a given it will hold its value.

LOL, no there isn't.


C4

[DeltaSierra]

The problem with the precious metal crowd is that they fail to realize that if the economy takes a real nose dive, no one will be willing to part with practical items (firearms, food, etc.) in exchange for gold or silver (while it is valuable, it is impractical as a means of defense or food.)



In this case, you are fairly well set as far as the defensive armaments go, so it makes sense to store a reasonable amount of precious metals.


Considering everything involved here, I think that you both got a good deal in this transaction.

[Irish]

Gold is far from it's peak.

[Magic_Salad0892]

I was going to wait until next year, during election time, and do the same thing.

Bombard Grant's shop for like $10,000 worth of crap, and pay in Gold.

[Belmont31R]

I would not old onto a bunch of gold if my weapons and other preps were not up to par. Gold has other uses, though.

[Caeser25]

The problem with the precious metal crowd is that they fail to realize that if the economy takes a real nose dive, no one will be willing to part with practical items (firearms, food, etc.) in exchange for gold or silver (while it is valuable, it is impractical as a means of defense or food.)



In this case, you are fairly well set as far as the defensive armaments go, so it makes sense to store a reasonable amount of precious metals.


Considering everything involved here, I think that you both got a good deal in this transaction.

Precious metals are a store of wealth. Fiat money ALWAYS collapses and there is always a reset. Precious metals will be worth X amount of the new currency vs little or no value of the Federal Reserve Notes. Definitely worthless though if you don't have food, water etc for the transition period.