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Anyone selling? makes me mad the price the stores pay, $2
Frank, If you were in Pensacola I could recommend a good, honest shop. It's family owned and ran. I met the guy and we started shooting the bull and I go in there quite often just to talk to him. Once you met him and get to know him he will do whatever he can to help you. He let's me borrow his $800 metal detector to go look for stuff around here. You wouldn't believe some of the stuff he has found and I have found.
I understand gold/silver as a hedge against inflation. The problem I see is that if U.S. currency drops excessively in value then there are two directions.
a. The dollar is crap so you sit on G/S till it comes back up then trade for dollars. Trade G/S for inflated dollars so you can buy what you need as needed?
b. The dollar totally fails, economy collapses, chaos. Most of the Worlds finances, production and distribution is tied to the dollar. With no authority to recognize its value, is it worth more then its weight in bullets? It may have value outside the U.S. but here you are. G/S will only be worth what someone is willing to give you for it. The higher your need, the less value your G/S has. Since the majority of those surviving the chaos will not have G/S, only material goods and personal skills will have actual value.
We know diamonds are a very controlled monopoly and that controlled release onto the market is the only way they maintain a artificially high value. Is this the same with gold? Gold like diamonds is found and a major find could destabilize the market/economy unless monopolize.
Why is silver so cheap now? Does it really cost more to produce then its worth (refined ingots)? Nobody ever thought that would happen just as they think it will never happen to gold.
If the SHTF value is in the weight why pay a premium for special coins?
If the price of S/G is $X, why can you never sell it for that? Fees right but they get a chunk out of every oz or coin you cash or trade. Forces you to pay more when you buy and get less when you sell. Private party sales may do better but market prices are not what you get.
I'm not knocking those that want to invest in G/S, I just see issues that push me away from it. There is no way to tell the value of whats at the end of the rainbow until that time comes. I'm diversified: beans and bullets. Lol
Sincerely, good luck with your investments.
I'm not a "extreme" prepper. I don't worry about it.
I've got to make a trip to Arizona to get the silver dollars my Dad left me
My half-brother has my third in his closet and said if I could wait he would be coming this Thanksgiving to his daughters place outside of Huntsville.Al. and I wouldn't have to make the long drive to Phoenix
While I know I can trust him it's his health I worry about
If it hadn't been for him I'm not sure my Dad would have left me anything as I'm the bastard son he never told the brother about
Found him and met him in 2009 and we hit it off like we had grown up together
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here is a site to gauge value, strictly in silver content....get a red book of coins for numismatic value
http://www.coinflation.com/silver_coin_values.html
silver dollar worth about $11.50 in silver, todays price
side note, article about gold bar found in Germany..
http://www.thespreadit.com/gold-bar-lake-keep-69589/
I've got to see what the numismatic value is as they are all old silver dollars
Dad told me that he got into collecting them after he found a 1924 Morgan on a job site outside of Seattle
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I've got to see what the numismatic value is as they are all old silver dollars
Dad told me that he got into collecting them after he found a 1924 Morgan on a job site outside of Seattle
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Supposedly he would have to ship them as freight
The old man had a huge collection. He started collecting when he retired from the Air Force in 1968 and was still buying them 47years later
My brother Rick said it took almost a week to sort through them
Rick's wife died in 2012 an I think he wants to spend more time getting to know his little brother, that's the feeling I get talking with him
Being the illegitimate child I really didn't expect anything, hell I never got child support and was shocked to find out the old man left me several thousand
The coins are just an added blessing
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