Learning about silver, which may be the best investment these days, I came about the title quote.The Northwestern Mint selling point:This portable and tradable silver bullion is perfect for when you need to get out of Dodge fast! Whether .999-fine silver bar or round, each is scored into four pieces, giving them the potential to be split up should the need arise. Stock up and be ready with this barter-friendly bullion today.
"Should the need arise, the changeable nature of Stagecoach Silver will enhance your flexibility in any financial or trade scenario. Each is scored into four pieces. The obverse shows a stagecoach racing out of town and the text “When you need to get out of Dodge.” The reverse displays a “1/4” symbol."It seems a rather useful thing to carry around.
7 comments:
I can't think of anything more useless when the shit hits the proverbial fan. Nobody knows the value of silver bullion anymore. Why would you trade precious food or ammunition or whatever for a 1/4 ounce of some shiny metal that may or may not be real silver? For the time being, US $100 bills are much more useful and portable as lightweight stores of value. Gold coins such as the Kruegerrand at least have some measure of recognition, even if no good for small purchases and are much lighter. To carry any significant wealth with you in silver you'd need to get out of Dodge with a large truck.
K
Once, a silver dollar was a dollar!
My father told me that before WWI, his father used to ask people to pay him with paper rubles instead of gold or silver - they were easier to carry. Afterward he was sorry.
Yes, I am old enough to remember when American pocket change (not just dollars but every denomination from ten cents up) was made of 90% silver. A silver dollar contain almost an ounce of silver, so the current American (paper) dollar is worth less than 10% of its value in the mid-1960s. This is in line with other prices - for example I recall that our new automobile (a large 4 door sedan) cost $3,200 in 1968 and the same would be around $30,000 today.
K
Since you seem knowledgeable about these things-how would I go about investing some money in gold? Not gold obligations or futures, but gold itself?
I would just buy some gold coins - Krugerrands or other well known coins - Maple Leaf, etc. They are easy to resell for almost as much as you paid. Coins as stores of value have a 2500 year history.
http://www.monex.com/why/howtobuy.html
Ssurprisingly, Krugerrands are not sold in Israel. May be I am wrong. Anyway, I am not interested. I invest in my daughters.
B, you can buy a share in an ETF, which has real gold holdings.
Anon.
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