Viewing a response to: @silverbug/are-there-any-base-metal-stackers-in-the-steemsilvergold-community
I guess not that many people stack other metals than Gold and Silver. Even the fairly expensive ones like Platinum, Palladium or Rhodium are not very popular among stackers. And those are way more expensive than Silver. When you come to metals like copper, you really need substancial amounts to store a significant value, which takes a lot of room and is a serious pain if you have to move it, for example. Lets say a 10.000 dollar copper stack - how heavy would that be? Of course there are a few lesser known, but more valuable metals. Like Tungsten for example or Chrome, Mercury, Vanadium ect. But they are still cheaper than Silver. And even Silver (at todays price) can be quiet bulky. There is however the alternative of "Rare Earth" metals. Some of which are very expensive - even way more than Gold. But they are difficult to get, and there is a risk that a new technology could find a cheaper replacement for the stuff you own - and then its suddenly worthless. Or you could buy 1 gram of Tritium gas for a couple of million dollars. Then you have a cool night light, at least. :)
post_id | 56,321,122 |
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author | beatminister |
permlink | re-silverbug-are-there-any-base-metal-stackers-in-the-steemsilvergold-community-20180712t160452910z |
category | steemsilvergold |
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silverbug | 0 | 29,751,949,310 | 35% |
Yeah I know what you are saying, I have about 10 kg of old copper penny's, just in case of a worst case type scenario. They are very recognisable in Australia and they sell for about 50 cents on Ebay, so I think if the SHTF they will be worth a bit more than that. I reckon in that environment they would be excellent for bartering for smaller purchases, cheers mate.
post_id | 56,396,527 |
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author | silverbug |
permlink | re-beatminister-re-silverbug-are-there-any-base-metal-stackers-in-the-steemsilvergold-community-20180713t092215517z |
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Well, its hard to foresee how something like copper will be valued in a crisis time. If the value goes up so much that you get more than 50 cent for a copper penny, people will go and scavange all kinds of places for it. And it can be found in lots of places, because of its use as electric cables. There are people here who do this already now, although you only get 6 or 7 dollar for a kilo scrap Copper. I think Silver is a better metal for bartering, and you can cut a 1oz coin in pieces for that if needed.
post_id | 56,465,067 |
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author | beatminister |
permlink | re-silverbug-re-beatminister-re-silverbug-are-there-any-base-metal-stackers-in-the-steemsilvergold-community-20180713t230404537z |
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silverbug | 0 | 12,757,183,333 | 15% |