Star43
Buckeye
I agree. And if something does go bad.......I bet you that the ones closest to this so-called vault MAY get something, but you will probably just end up with your pretty piece of paper......IMO.
Gold and Silver
- Thread starter chm270
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el caminero
Single-Sixer
Wasent that a family guy TEOTWAWKI story? Had some random roadside randy newman?
el caminero
Single-Sixer
Owning vs posessing. Critical.
Armybrat
Buckeye
Junk silver will always have value to more people than not, no matter what the skeptics claim. Same for gold.The term "Junk Silver" always kind of peeved me. Collectors call it junk silver because it is not the "perfect coin" , meaning it can show some wear and tear, as after all these are mostly older coins.
These coins were designed to be used as true currency to be handled and passed from hand to hand, etc....An old professional who has sadly passed, taught me everything I know about Silver and coins in general. He would always say "Silver is Silver"....the secret was to pay little or as close to zero in premium as you could to keep your cost down. That is what truly makes it a good buy....as far the silver content in US Continental Silver, 1964 and earlier. The formula was Always 90 - 10. 90 % Silver and 10% copper as to give it more durability in it's use. Always 90 - 10.....From 1965 - 1970, only in half dollars , 40% silver was used. After 1970 all normally minted coinage meant for circulation had no silver content at all ...Now one could buy Silver proof sets from the mint, but I don't want to include that in this. For the regular guy, 1964 and earlier has the solid 90% silver ratio. Canada up until 1967 used a 80 - 20 silver to copper ratio, but that is a whole another story. Personally I like Canadian Silver coins. The Canadian mint does a very nice job. Yes, Bullion is .999 % pure silver. You can buy Bullion silver or also American Eagles which is also .999 % pure silver. In Canada the Maple Leaf is .9999 in pure silver. If you are a collector, price is not concern or matter, as they are collectors. I personally am more of an enthusiast, meaning I appreciate a "good coin" but am very reluctant to pay any high price. I believe in the low premium to spot price to make that buy, a special buy. All of this is how I feel, and think I have been way too wordy here, so I will stop right now.....
Those of you who don't think so, please send me all of yours for free and I'll pay the shipping.
el caminero
Single-Sixer
I have twice looked at gold and said its a great time to buy a bunch (but i was so broke if they was selling world cruises for a sawbuck i couldnt afford to get outta sight) and everybody i mentioned it to, said, nah, its gonna go down some more, then maybe ill buy some. They were right, it did, both times, but not by much. None bought any, some laughed with me later about missing out (and they had the money to do it!) when it skyrocketed.
Out right theft that concluded the act handing over control of U.S. monetary policy to a bank with an official sounding name.
Star43
Buckeye
I agree Dave that gold would not work or be practical at all. I mean it is very valuable but too valuable for everyday transactions. How could you get any change back ?? The type of silver that Armybrat shows, to me in my opinion, would be the definite way to go. People know and recognize it, and it would work. Those old dimes, quarters, and half dollars would work perfectly and the increment size would work as needed. Thanks for showing the quarters Armybrat....keep collecting more of them.
Star43
Buckeye
Keep collecting. I agree with you 100%....Junk silver will always have value to more people than not, no matter what the skeptics claim. Same for gold.
Those of you who don't think so, please send me all of yours for free and I'll pay the shipping.
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Armybrat
Buckeye
Oh, I don't buy gold & silver except when it is part of the jewelry for gifting to my wife of 56 years. The silver & gold coins I have were all inherited.
I buy guns & ammo.
I buy guns & ammo.
Star43
Buckeye
Gee, to buy guns and ammo.......now that sounds like fun......Oh, I don't buy gold & silver except when it is part of the jewelry for gifting to my wife of 56 years. The silver & gold coins I have were all inherited.
I buy guns & ammo.
Star43
Buckeye
You know Army, I just looked up Gold and Silver and the prices are rising , every day. Which is a good thing, but at the rate of the climbing, it does kind of make you a little nervous as right now Gold is at $2373.79 per Ounce. Silver is now at: $28.48. (Hence why Silver is known as the poor man's gold). That describes me (poor man). But, Mr. Armybrat, to put it into perspective, every one of those little quarters you have there in your picture is worth slightly more than $5.15 EACH. Just saying........Oh, I don't buy gold & silver except when it is part of the jewelry for gifting to my wife of 56 years. The silver & gold coins I have were all inherited.
I buy guns & ammo.
Armybrat
Buckeye
Yeah, prices are crazy now.
Correct- But "official sounding" was pretty much the complete description at the time.
Silver has also been called "The Devil's metal".
Star43
Buckeye
That's a first for me ?? Never heard that before.
Star43
Buckeye
How can it be the devil's metal, when silver bullets kill werewolves ?? And the Lone Ranger used Silver bullets !!! Just saying....
JackBull
Buckeye
This is a misleading statement. Buffet buys what he knows. His company, Berkshire Hathaway pays only a small dividend. Total return trumps dividends. For every dollar you get in a dividend, the value of the stock decreases. A dividend is just a forced sale.
A company that pays a reasonable dividend in the neighborhood of 3-5% is generally a stable company and so a good investment. Higher dividends could be a huge danger signal.
Berkshire Hathaway doesn't pay a dividend.
No matter how bad the economy gets, the scoundrels of the world will be more than willing to kill you for gold or silver. Paper money might be a different story unless they need to go to the bathroom!
