Quote:
Originally posted by HardDrive
Can anyone suggest a good place to buy precious metals, either online, or in Seattle or LA?
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http://apmex.com/home.asp?orderid=0
For a "shtf" stash, I would suggest gold in bullion coins. I'd also suggest pre-'65 U.S. silver coins. You'd have difficulty bartering for food if all you have are 1oz gold American Eagles; silver dimes and quarters will come in handy for needed day-to-day purchases.
It's less of a factor now, since silver prices are so high, but when silver was low a few years back, buying the U.S. silver coins had minimal downside risks -- this was especially true with the 1965 50-cent pieces (half silver). You had the face value of the coin itself as the least the coin could ever be worth. It is still true today that the premium you pay for the silver content is all you can lose -- which is pretty significant now since it's about 7 times the face value of the coin.