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Our policy for Gold and Silver standards of barter at savvysurvivor.com 

There has been a longstanding hesitation among survivalists in trading precious metals because of the premiums attached to the metals when they are purchased from dealers, and the fact that those same dealers will rarely, if ever pay the premiums back when the bullion is "cashed out".  This frustrating situation makes a lot of people avoid being involved with trading these commodities because they can get burned.   The other common argument is that you can't use gold and silver to buy groceries, so "what is it good for".   Well, right now, it is good for everything sold here at savvysurvivor.com 

Still, in the current commodities market, gold and silver "prices" are a bluff.   Many major bullion distributors have shortages of stock, and the bullion banks are usually selling thin air promises when they talk about delivery dates on gold and silver futures.   For that and several other reasons, premiums are placed on gold and silver bullion when a dealer actually has it on hand to sell to a willing buyer.   The fact of the matter is that the premium is not an exclusive entitlement, and in a market of rising values, it can be anybody's game, including yours.  

The big bitching point people have about buying Gold and Silver bullion is that they don't get the premiums back when they "sell" right? well, we are making a move to put that issue to rest.  

I have adopted the policy of accepting gold and silver bullion as payment/trade for merchandise at savvysurvivor.com for a long time, but now, I am not just willing to pay the spot prices, I am willing to cover the premiums.   While the prices of the Gold and Silver will fluctuate, I will pay the premium prices associated with the actual physical bullion bars and coins as follows:

Silver - $.30 over spot for all bullion and adjusted value of pre-64 US coins.   I am placing a special premium of $4.50 fixed on 10 oz silver bars.   Example, if silver is at $6.50 per oz, I value a 1 oz silver round at $6.80 in merchandise.   A 10 oz bar of silver at $6.50 per oz becomes valued at $69.50 in merchandise and so-on. 

Gold - I prefer the US Gold Eagles simply on the basis of their known content, but will accept other established bullion and coins on a $20 per oz premium.   Example, you have a 1/10th oz Gold "dime" when gold is at $450 per oz, then it values at $47 merchandise trade value.  A 1oz Eagle is worth $470 in merchandise.

Compared to the various fees of transferring money through credit cards and bank transfers, this is a fair way of doing exchange without some of the issues surrounding "cash".    The value of the metals can easily be checked at websites like Kitco.com

The value of the metals in any trade deal will be established with the postmark date of the package they are sent in.  

If you have any questions about this or want to do business, you can contact me at alexo53@hotmail.com 

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