SILVER-Is it worth holding for y2k, : LUSENET : TimeBomb 2000 (Y2000) : One Thread

I live in Japan and there are no Silver coins. They were removed from circulation fo 60 years and have been no other that I am aware of. I have been stocking up on daily supplies for about 6 months and have a few months supply of other items.( If you think it is going to bad in the US, Japan will melt. If any one wants any electronic goods I suggest you buy them now.) But I think that now that I have this much in supplies I want to try and preserve my financial assets.

It is too expensive to buy these coins for the silver content as they cost around $80 a piece. Any suggestions

-- George (, October 07, 1999


You could open and hold accounts in other countries, repatriating funds as required in Yen (check or wire) or other major currencies , or physical metal. This depends on internet or postal service, and DHL (whatever) holding up after 2000-01-01. offers gold, silver, platinum, and palladium. will introduce you to three banks (Austria, Switzerland, Luxembourg) that could purchase coins or bullion and hold it for you, but you first have to join and subscribe to their newsletter, which costs a bit (see their web site for latest). Problem is, just about the time you get established, it will be 2000-01-01.

-- A (, October 07, 1999.

Buy Gold

-- golman (, October 07, 1999.

Thanks A ...I am not very confident in the yen next year and I read that during the germna hyper inflation the people that had diversified there assets did ok when it was over.

-- George (, October 07, 1999.


This may be off base, but if you are trying to store your wealth and carry it through to post-Y2K would not any precious commodity be satsifactory. One that would be valuable post-Y2K.

Pearls, gem stones, lumber, copper pipe, plywood - I imagine you can think of other tangible items available locally that would be a store of value.

-- Bill P (, October 07, 1999.

When gold flies, silver will soar. Gold usually leads, but silver has a wonderfully strong follow-up, and will probably surpass gold percentage wise. Carl the bug.

-- Carl Eschbach (, October 07, 1999.

For the spot price of gold: graph.html

For the spot price of silver: ver.graph.html

For the spot price of platinum: latinum.graph.html

For U.S. Markets and stock quotes:

For Major World Indices:

Stan Faryna

Got 14 days of preps? If not, get started now. Click here.

Click here and check out the TB2000 preparation forum.

-- Stan Faryna (, October 07, 1999.

Carl, I couldnt agree with you more. I believe silver WILL soar higher on a percent basis than gold, especially 90% silver coins(junk silver).

-- Peter (, October 07, 1999.

George, Buy gold, U.S. Treasuries, or, as someone said, ordinary consumer items for sale/barter after Y2K. I hope Japan will hold. I have friends there and, much less important, a book scheduled for release next summer...

-- Mara Wayne (, October 07, 1999.

Amen Carl...

Silver is IMHO a GOOD investment. If you have gold and no silver you may be surprised at the prices when it is said and done and it is time to "cash" in the precious metals. Silver has always outperformed gold, percentage-wise.

"In every financial turmoil there is a silver lining..." - yours truly

watchin' the pretty coins...

The Dog

-- Dog (Desert, October 07, 1999.


Do you plan on leaving Japan (it doesn't sound like it if you have 6 months worth of basic preps there now)? I would say that $80 for a silver coin is not a good price unless the coin weights about 444 grams of silver (14 troy ounces or so). Probably you are looking at coins which are of collector value (old coin) vs bullion value. I would suggest that Japanese tend to go more for gold and platinum as investments (they also hold a tremendous amount of savings in paper currency I understand). You should be able to buy gold in wafers from local dealers. I do not know the price structure there but suspect that it is pretty steep on the buy side and pretty low on the sell side. Possibly you could get to Tokyo and to a Canadian bank which deals in bullion and has a more typical price structure. If the pricing is too outrageous then just buy over the phone from the States or Canada and have them ship it to you OR hop a jet this way and do it here. Expect 2 - 4 weeks order fulfillment though.

-- ..- (dit@dot.dash), October 07, 1999.

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