reply to post by anhinga
anhinga What year coin/silver is the *good* year to get? I heard it's something pre- either 1970s or 60s, at the price of gold and anyone
doubting an imminent stock crash, you're turn at the plate....
In Re “silver” dollars, half dollars, quarters and dimes. The last silver coins were minted in 1964. This was done because the price of silver
exceeded the value of the silver in the coins. I do not know for sure, but it is my memory only that nickels were never silver. And of course,
pennies have always been copper except 1943 when they were made of zinc coated steel. Beginning with the 1965 date, our coins are nickel clad copper
core.
Holding gold for a total breakdown of society is not a good move, IMO. I used to say, “I’m saving lead for that time.” Lead bullets. I’d
rather have 10 lead bullets than 10 gold coins. You don’t have to pay with lead bullets. You just take. Gold is for the R&Fs. Rich and famous. Not
for the P&P-ers. Poor and poorer. For us P&P-ers, times will be rough and most of us will die. R&Fs will hire Blackwater types with gold to kill us
when we get either too close or begin to aggravate them.
Bullets shelf life in a cool dry place is 20-30 years.
Another real problem with gold in times of disaster is ASSAYING. This makes gold coins with ridges popular because that is a defense against shaving
the coin. A very accurate scale is also desired. Bottom line, if it gets so bad we need gold to buy food, it is already TOO late. Enjoy.
anhinga plus, the dollar dropped all the more yesterday, to 1.41 per euro. Not pretty times ahead in this opinion....
Look, there are 400 billion worth of US dollars in print. 240 billion worth is used in the US, 160 billion worth is the WORLD currency and is used
abroad. Money speculators are the one’s setting the trading prices on a day to day basis and that has not much to do with the price of gasoline.
When the Euro is in the history books, the US Dollar will still be there.
That is because 300 million industrious people, the world’s best 3.6 million square miles of land, and a $12 t. economy BACKS the US dollar. Sleep
easy my friend, let the speculators have their own brand of fun.
anhinga the U.S. savings rate is at pre-depression levels. The deficit is at record levels, you can't keep raising the debt ceiling,
it'll catch up to haunt (credit card/mortgage holdings of debt) the service economy sooner then. Right or wrong there?
I’m ignoring all but your remark about raising the debt ceiling. Actually, you can. They have proved that. I HATE IT. America is worth about $60 t.
if you put everything here up for sale. American “makes” about $12 t. a year. We currently pay about $400 b. to “service” our national debt.
$8 t. $3 t. is owed to ourselves in a complicated sort of way. To “service” the debt means you pay interest only. As long as your lenders do not
object, it works.
If you are an Arab sheik with $83 a barrel oil, and you are making about $50 million a week, WHERE are you going to put your money to be safe? In
India? Ha! In the PRC - China - about to blow apart? Ha? In Euro’s where they can’t even get a Constitution passed? Ha! In Russia? Ha ha ha! Maybe
in Myanmar (Burma)? Please, there is only ONE place the R&Fs can put their money,
THE U S of A!
RELAX!
[edit on 10/6/2007 by donwhite]