Buying Gold? How to do it ....
- Thread starter Tree Spud
- Start date
Foggy47
5 year old buck +
Silver coins of all denominations made before 1964 (I think). Dimes quarters, half dollars, and peace dollars. Easy to determine the value on a multiple at any point in time. I.E. 15 x a dime's face value is $1.50 in cash value. A dollar at 15x + $15.00 in cash.
Junk silver are coins that have been in circulation and are not felt to be collectable.....other than for their silver content. It could be melted down for its true value in scrap metal.
Junk silver are coins that have been in circulation and are not felt to be collectable.....other than for their silver content. It could be melted down for its true value in scrap metal.
Edit: @Foggy47 posted a few seconds before me so...what he said. A silver dime is worth $2.28 at current silver price of $31.62 per ounce.
A good list is here along with melt value per coin:
Silver Coin Melt Value Calculator - U.S. Silver Coins
The U.S. silver coin melt value calculator will quickly show you how much the silver in your coins is worth. Calculate the silver value of U.S. junk silver coins.
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hunts_with_stick
5 year old buck +
Maybe buy your way out?
hunts_with_stick
5 year old buck +
Gold and silver have been used as barter for 1000s of years, if things get bad, it would likely go back to that. Yes, to some it might not be worth much and they won’t see value in it, but others will. If there is one of you and you have 1000 head of cattle, sure you might sell some for gold, versus if you were a family of 5 with one head of cattle you may not.
Tree Spud
5 year old buck +
Yep, pennies & nickels will probably go by the wayside soon as hey cost more to make than they are worth.
People in India used their gold to wait out the virus. They hoard gold jewelry. But this wasn't a case of their paper money being worthless.
One would probably want to research Germany's inflation. Here's a link with a chart showing how if you held gold or silver there in 1919 it put you ahead of everyone else financially:
One would probably want to research Germany's inflation. Here's a link with a chart showing how if you held gold or silver there in 1919 it put you ahead of everyone else financially:
Electrodigical
5 year old buck +
if you think inflation is bad now, wait till half the people the people think your gold has no more value than any block of metal. Your bar of gold, one chicken. ;)
Of course full on Road Warrior is unlikely, and if it did happen, any other form of currancy will be worthless as well. In all the more likely long term situations, I can see owning gold making sense.
Not really a problem for me though, I've decided gold isn't worth the trouble and I'm keeping my non existent money in nonexistent cash.
Of course full on Road Warrior is unlikely, and if it did happen, any other form of currancy will be worthless as well. In all the more likely long term situations, I can see owning gold making sense.
Not really a problem for me though, I've decided gold isn't worth the trouble and I'm keeping my non existent money in nonexistent cash.
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