Gold Investing

[Walk and Talk]

Originally Posted by ILG

Probably this one more than any other.

One of the things I have heard about silver ore, is that there is less and less being found and entering the market. Meanwhile, there is a growing need for it worldwide, as it has many applications. From what I hear, silver has a tremendous potential to exceed gold in value in the soon coming years. I.e. An ounce of silver now selling for $12, might exceed $700 an ounce before long.

Others more in the know than me might be able to discuss this with substance.

[CC1]

Beware of multi level marketing scams that involve buying gold.

[Praxeas]

Originally Posted by ILG

I suspect silver has never been confiscated like gold either, huh?

Why only buy 1964 and before?

Look at the edges of any coin today and they will look like it's part silver and copper. Actually there is very little silver in them. And a penny has very little copper too. After 1964 they minted them with less silver and a penny with less copper.

[Praxeas]

Originally Posted by Walk and Talk

One of the things I have heard about silver ore, is that there is less and less being found and entering the market. Meanwhile, there is a growing need for it worldwide, as it has many applications. From what I hear, silver has a tremendous potential to exceed gold in value in the soon coming years. I.e. An ounce of silver now selling for $12, might exceed $700 an ounce before long.

Others more in the know than me might be able to discuss this with substance.

When I was a kid I collected coins. My grandfather had a block of silver he got from silver certificates. He used to challenge the kids to pick it up from the top (it was shaped like a pyramid) and we could keep it. I used to visit them every christmas back east in Maryland. One year the plane company over booked our flight and as a result we got our tickets for free. My dad gave me that money and put it in a savings account.

Well I was pretty savvy back then I guess and I told my dad I wanted to use the money to buy silver and I was really hoping to get my Grandfathers silver too lol....My dad said no and two weeks later silver went from about 6$ an ounce to 14$ an ounce. I learned later on that my grandfather sold the block long before silver went up. It was well known that silver was not just a currency but it was widely used in things like x-ray films and other things.

I might even buy myself some silver though I was thinking of buying some ETFs in gold too

[CC1]

Growing up my family had a collection of dozens of old (late 1800's era) Silver dollars and other old coins.

My mom had them after my dad died and they god lost at some point. We found a few of them when we moved a year ago but it was just a few. I have not had a chance yet to look and see if they are worth anything.

[Walk and Talk]

Prior to his death in 1970, at the age of 53, my dad was a millionaire geologist. Among other things, he owned two mercury mines north of San Francisco.

At the time of his death, he was dating a woman (Ellen ???) who owned, with her husband, a chain of sporting goods stores in the Bay Area. She obviously did not need more money.

Just prior to his death on a business trip, with her, to Phoenix, AZ, she had him sign a last will and testament giving her everything. Her kids were the witnesses. (quite illegal)

When he died, she had him cremated and the ashes dumped out of an airplane over Phoenix, BEFORE SHE EVER CONTACTED MY SISTER OR MYSELF TELLING OF HIS PASSING. To do this, she needed to state that she was his wife. (quite illegal)

Besides the mines and bank account, she also got his gold and silver coin collection he had hidden in his linen closet. Every sheet, pillow case, towel, etc. was neatly folded. What the onlooker did not know was that between each folded layer of cloth was a layer of gold and silver coins.

• Note - My sister and I both feel dad would not have given her everything unless he wanted to do such. We did not contest the will. We did not have the money to contest it anyway. We had no way to prove she was a murderer, so did not pursue that. We both feel the Lord knows and there will come a judgement day.

Anyway, that is my gold and silver coin story.

[CC1]

Originally Posted by Walk and Talk

Prior to his death in 1970, at the age of 53, my dad was a millionaire geologist. Among other things, he owned two mercury mines north of San Francisco.

At the time of his death, he was dating a woman (Ellen ???) who owned, with her husband, a chain of sporting goods stores in the Bay Area. She obviously did not need more money.

Just prior to his death on a business trip, with her, to Phoenix, AZ, she had him sign a last will and testament giving her everything. Her kids were the witnesses. (quite illegal)

When he died, she had him cremated and the ashes dumped out of an airplane over Phoenix, BEFORE SHE EVER CONTACTED MY SISTER OR MYSELF TELLING OF HIS PASSING. To do this, she needed to state that she was his wife. (quite illegal)

Besides the mines and bank account, she also got his gold and silver coin collection he had hidden in his linen closet. Every sheet, pillow case, towel, etc. was neatly folded. What the onlooker did not know was that between each folded layer of cloth was a layer of gold and silver coins.

• Note - My sister and I both feel dad would not have given her everything unless he wanted to do such. We did not contest the will. We did not have the money to contest it anyway. We had no way to prove she was a murderer, so did not pursue that. We both feel the Lord knows and there will come a judgement day.

Anyway, that is my gold and silver coin story.

Yikes!!

Have you done any research to see what this woman did in the future? If she was a "Black Widow" there might be similar stories either before or after what happened to your dad.

I would assume now that she is either dead or very old since your story happened in 1970 and at that time her kids were of legal age since they witnessed the will leaving here everything.

[Walk and Talk]

Originally Posted by CC1

Yikes!! Have you done any research to see what this woman did in the future? If she was a "Black Widow" there might be similar stories either before or after what happened to your dad.

I would assume now that she is either dead or very old since your story happened in 1970 and at that time her kids were of legal age since they witnessed the will leaving here everything.

I have had no other information about the woman. I strongly doubt my sister would have access to any information about her.

The Lord knows.

According to her, the reason she was dating my dad, while married, was that her husband was disabled and dying. Hmmm. Interesting thought you have come up with here.

[Praxeas]

Originally Posted by CC1

Growing up my family had a collection of dozens of old (late 1800's era) Silver dollars and other old coins.

My mom had them after my dad died and they god lost at some point. We found a few of them when we moved a year ago but it was just a few. I have not had a chance yet to look and see if they are worth anything.

be careful about who you get to look them over...they may say they are not worth as much as they really are so they can buy them

[ILG]

Originally Posted by Walk and Talk

Prior to his death in 1970, at the age of 53, my dad was a millionaire geologist. Among other things, he owned two mercury mines north of San Francisco.

At the time of his death, he was dating a woman (Ellen ???) who owned, with her husband, a chain of sporting goods stores in the Bay Area. She obviously did not need more money.

Just prior to his death on a business trip, with her, to Phoenix, AZ, she had him sign a last will and testament giving her everything. Her kids were the witnesses. (quite illegal)

When he died, she had him cremated and the ashes dumped out of an airplane over Phoenix, BEFORE SHE EVER CONTACTED MY SISTER OR MYSELF TELLING OF HIS PASSING. To do this, she needed to state that she was his wife. (quite illegal)

Besides the mines and bank account, she also got his gold and silver coin collection he had hidden in his linen closet. Every sheet, pillow case, towel, etc. was neatly folded. What the onlooker did not know was that between each folded layer of cloth was a layer of gold and silver coins.

• Note - My sister and I both feel dad would not have given her everything unless he wanted to do such. We did not contest the will. We did not have the money to contest it anyway. We had no way to prove she was a murderer, so did not pursue that. We both feel the Lord knows and there will come a judgement day.

Anyway, that is my gold and silver coin story.

Wow! That's awful!!