Quote:
Originally Posted by Digging4Truth
Gold have I none... Silver I have. 
I used to buy silver coins when I found an opportunity.
It is said that in times of severe depression that a silver dollar can possibly feed a family for a week because silver holds its value when fiat money fails.
It is also suggested to buy in American coins because the quality & weight are trusted and the coins are easier to sell. Buying gold or silver is not just about their current worth but also their ease of disposal should one find a time they want to sell them.
Of course this has already been covered very well before.
Be sure and buy coins from 1964 or before.
Also... don't buy the coins that are in excellent condition... part of their worth is their condition. Only the worth of the silver will be hold out if things take a down turn. |
That is assuming collectors with money won't still want to buy them. One reason for a coins loosing value when in not good condition is also that it has lost it's metal content having been worn off. Buying certified coins like krugerands and US eagles etc etc and keeping them in their containers will ensure no degration in value due to wear.
Still baring the evil government banning bullion, might be better to buy some bars or ingots
Also I don't think the content of the silver in even pre-64 coins is over 90% silver. They dropped a lot less once they started minting coins over zinc and other stuff.
http://www.monex.com/prods/silver_coins.html
This place has american silver eagles and canadian silvers.... .999 silver content
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