Anyone interested in getting some Silver Coins or at least speaking with a
source for them, Investment Rarities is an excellent honest and dependable
place. I've used them in the past for both Gold and Silver. I'm ordering some
I oz Silver American Eagles this week - rolls of 20. They also sell the Canadian
Silver Maple Leafs. IRI is located in Minneapolis, MN and have been in business
for many, many years.
1-800-328-1860 [email protected] - Ellen Petty is the counselor
I'm dealing with. I'm taking info she mailed to me, to my daughter's for Easter to
discuss purchases by my children too. "Silver Unleashed" is one report she sent
me. As Ellen stated, When [Not If] the collapse comes shopping for groceries,
gasoline, etc. Silver Coins will ne needed and the prices will sky-rocket.
I have no affiliation with IRI except as a customer.
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Junk silver is where we are going next. We've been collecting silver eagles etc for many years but they won't be very good for smaller transactions. My husband thinks that we will never use silver directly in transactions but I am pehpas more paranoid about the future than he is. He does think it is a good hedge against deflation so this is the direction we are going, especially since we don't know were to put retirement money right now.... I do wish I had invested in Starbucks last year though. They have skyrocketed since they introducted instant coffee.
__________________ "The nurse should be cheerful, orderly, punctual, patient, full of faith, - receptive to Truth and Love" Mary Baker Eddy
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The trouble with buying silver, whether bullion or eagles, is the price manipulation by the big banks, in particular JP Morgan which is a Rockefeller bank.
All the bullion dealers selling silver talk about 'someday' the manipulation is all going to end and silver will take off.
Personally, I think it will go up but I dont forsee it taking off. We are in a position where trading in general is being manipulated and that includes silver and gold and the banks have everything to lose by gold and silver going up, especially in the middle of a manufactured stock market boom.
As far as buying silver coins to barter you have to ask yourself, how are you going to convince a bewildered grocer, who knows nothing about silver prices, that a nice shiny 1 dollar eagle coin is really worth 25 times more than its face value.? This applies even more so to those stocking up on pre-1964 silver coins(worn junk silver).
I don't think Bullion will be spendable at grocery stores, gas stations, etc. 1oz
Silver coins will. Gold coins due to much higer value would be more for buying
appliances, cars/trucks, larger more expensive items. Silver more usefull for
everyday transactions. Think of past situations in other countries where it
took a wheelbarrow of money to buy a loaf of bread, etc. If a 1oz Silver Eagle
has value of $28 or $30 or ? you'll be the one checking out thru the grocery
aisle first.
The Chinese and Japanese aren't stocking up on Gold and Silver for nothing.
Do you Really think that China is going to finance OUR new Health Care costs?
China is already bailing on the USA!
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A general rule of the street is when everybody and the Butcher is buying something, it not going up for much longer. After all, if we do not collapse in the near future, who is going to buy all of this Gold and Silver, when everybody and their brother already owns some?
When I see coin dealers selling on the TV when there was hardly any before, it makes me think we are in a bubble again. Plan on holding it for a longer time, if you are buying.
Well, IF the collapse doesn't happen any time soon, at least any gold or
silver coins can be passed on to my chrildren and/or grandkids outright,
without them having to pay any Inheritance Taxes.
When my Mother died and left each of my 4 children $20,000 each in
bonds they had to pay taxes on them.
She left my son 2 very old gold coins from the 20's, now very valuable,
which she'd never turned in when people were ordered to by the Gov.
He still has them and no taxes required!
As far as pre'64 junk silver in dimes quarters, etc. I think i'm probably
more likely to spend the value of a Silver Dollar for groceries, than I am
to have to be concerned about the value of what the pre'64 coins will be.
I don't know about you all, but MY costs for food/all products at the
the stores where I shop are going UP on a daily/weekly basis.
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__________________ "The nurse should be cheerful, orderly, punctual, patient, full of faith, - receptive to Truth and Love" Mary Baker Eddy
Visit www.HealthSalon.org
Shitaki! Thanks for that Video, Arrow! A great way to see how
it will be done with Junk Silver coins.
I've heard many times and for many years that Everything begins in
California and works it's way Eastward!
SO! It's already begun! I foresee ultra long line at supermarkets when this
goes into effect.
__________________
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Shitaki! Thanks for that Video, Arrow! A great way to see how
it will be done with Junk Silver coins.
I've heard many times and for many years that Everything begins in
California and works it's way Eastward!
SO! It's already begun! I foresee ultra long line at supermarkets when this
goes into effect.
I do not make much anymore, but I purchased 25 ONE oz silver rounds in 2005 for 7 bucks each and purchased another 75 overthe past 2 yrs for 2.5 to 3 times that price plus 200 mercury dimes. From what I understand:
1) Do not freak out of silver and gold drop 50% or more, this will only be temporary.
2) Silver (and gold) are both undervalued with respect to the dollar. Silver should actually be around 80 and gold 3300.
IT IS REALLY AMAZING HOW MANY OF US ON THIS BOARD THINK THE SAME , AND I MEAN BESIDES NATURAL MEDICINE.
I think the Silver rounds should work, as long as the quality/value of the
silver can be determined.
As of yesterday, 3lbs of yellow onions went up from $.99 to $1.99 - that's
over 100% price increase! The crackers I buy went from $1.39 to #1.49
per box, down from 10 oz to 9.5 oz now. Anytime costs go up, we
consumers get screwed Bigtime, by having to pay for cost increases.
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I think the Silver rounds should work, as long as the quality/value of the
silver can be determined.
As of yesterday, 3lbs of yellow onions went up from $.99 to $1.99 - that's
over 100% price increase! The crackers I buy went from $1.39 to #1.49
per box, down from 10 oz to 9.5 oz now. Anytime costs go up, we
consumers get screwed Bigtime, by having to pay for cost increases.
No, these price increases took place at Aldi's , a discount grocery store.
BTW, I saw that silver rounds are going for $17. + Today.
A nice increase in your investment!
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No, these price increases took place at Aldi's , a discount grocery store.
BTW, I saw that silver rounds are going for $17. + Today.
A nice increase in your investment!
I bought the initial 25 at 7 an ounce, the rest at 17-21. We have aldis here also, I watch what I but there though, some seriously processed crap.
Yes, I know most of they're stuff is processed, but their cottage cheese is
best price around, as well as fresh produce usually. You have to watch
their specials. Canned goods, canned tomato juice, [bagged baby leaf spinach is 1.69] cost less there too. The only boxed item I buy there is
a wheat cracker similar to Triscuit. Never any meats unless maybe a ham
slice. I'm very careful about what I buy there. But their prices have been
going up regularly.
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