Is Silver next?

teddy12b

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With the debt ceiling chatter I'm a little shocked the price hasn't had a little jump, but history has proven me to be a bad investor.
 

snorko

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Question for the collective re gold. I've been wanting to move a little into gold, ideally by selling some silver to purchase the gold. However the ratio has been too high for the last several months to consider that approach.

Instead I am considering just buying little bits as I can. I want to stick to 1oz and 1/2oz modern sovereign coins, but sometimes prices for "old" coins are hard to pass up. For instance right now Provident has original 1908 Austro-Hungarian 100 Korona coins for $1,761.69 or effectively $1,797.64/oz. This is far better than the best modern sovereign, a 1oz Britannia for $1,841.67.

So what are your opinions on old coins? I don't like that they are not labeled with their content like modern coins.
 

teddy12b

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I'm of the opinion that ultimately what will matter is the actual material itself and not so much the collectors value of what type of coin it is so I stick with bullion bars of everything so long as it's clearly labeled on the bar. I understand there's a case to be made for raw bullion vs minted coins, but I'm not anticipating anyone wanting my coins post SHTF because some old president was on it they'll want it for the actual materials it's made of.
 

spencer rifle

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Rounds work well for that, as long as they are also clearly labeled for content. One ounce do nicely - it's hard to make change from a 10 ounce bar.

By the way, Teddy, give us a heads-up if you are going to buy. I'll need to get my funds ready for the inevitable price drop.
 

teddy12b

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Mmmm... Grabill Meats. I know one of the owners, and he says the official shelf life is 10 years, but unofficially, they will be good as long as the can is intact.
That's good because with everything going in the world I'm shopping by the case, not just individual cans.
 

tim87tr

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Some positive discussion for buyers on how and why Silver is currently undervalued. Silver talk at 15:00 to 19:00 by Bill Holter, precious metals expert.


 

snorko

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Mmmm... Grabill Meats. I know one of the owners, and he says the official shelf life is 10 years, but unofficially, they will be good as long as the can is intact.
Their web site is a static page. I assume there is no online ordering then? I saw no info on pricing, ordering, etc.
 

chocktaw2

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Made a sizeable purchase in Ft. Wayne. Dude gave me 20 free oz, no kidding. I take it back, lady thanked me for my honesty. I pointed the guy out, he wanted to know what the problem was. Lady explained it, thanked me again for bringing it back. He gave me a very short thank- you. Next time,.... you, my gain.
 

d.kaufman

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Figured this article fits in here.

Venezuelans using gold to pay for meals and even haircuts

 

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