Posted on 07/05/2012 3:40:07 PM PDT by blam
So, $3.30-3.50 is relatively close to $3.50 per lb.
I did not look up the price.
It has been near $4.00 per lb. before. (not sure that is a spot market price)
I lived in the copper mining district in NM in the 1972-1986 time frame. When I left copper was $.47 per lb.
That is quite a run up.
Why not a little of all?
Farm land is good.
Historically before & during major wars copper, lead and cotton prices are very high.
Financial collapses are breeding ground for wars.
Hungry people do desperate things.
Gold is gold and silver is silver (bullion, that is). Land is many things, more variables to factor in. Do you mean purchasing land that you "own" but the bank holds the mortgage? Or land that you *own*?
Personally, and I am believer in a coming crash, so you must factor that into my outlook, I would like to get a little land out of the way somewhat so I could fix it up as a getaway option. I can't afford to pay cash for what I want, so I don't see it as a good move for that reason.
Hungry people do desperate things.
Precisely why I disagree with those that believe the military will not go along with subjugating the civilian population of this country, including firing upon us.
Hungry, angry, disenfranchised, maladjusted types are prime recruits for the military in a crash, especially when the country's leadership is despotically oriented. Which I think ours obviously is. Good and moral men won't participate in that, so they either leave or are forced out.
My opinion for those here that think the military will side with the civilian population. It won't be that simple.
This is my opinion on “junk” Morgans. (I probably own 250 or so)
They are kinda neat coins, but once you’ve seen however many dozens, you’ve pretty much seen them.
You MUST go a coin show and wander around one weekend afternoon for a few hours (www.coinshows.com) and see how many silver dollars there are. Gargantuan numbers. Giant, enormous numbers of them. Many many years had 10 million minted. Even after so many millions were melted down over the years.
I classify a year/mint of SDs as “sort of rare” if there were about 1.7 million or fewer minted. Google “morgan dollar mintage” for a table. Something under 20 diff dates/mints fall into this category. The next stratum is about 400K-800K minted. Rough numbers. These are substantially rarer and are the so-called “key dates”. There are maybe ten dates/mints of these. Then there are the cats’ meows, the CC mints, and a few dates down in the 200K minted. I don’t have them memorized because I don’t care that much, but 1893-S is one.
98.5% of all you will see are very common dates. And of those dates, rather surprising numbers are in quite good condition. But they are not worth more than their silver content. By the way, SDs contain something like 1.06 times the silver in two half dollars, which is different than halves containing *exactly* double the silver of two quarters or exactly 5 times the Ag in 2 dimes. So SDs, because they are “neat” coins, typically sell for extra premium over junk quarters and dimes and halves. Justifiably. But I generally find them to be overpriced, and not as good a form as one might imagine.
There are large numbers of counterfeit Morgans that were made in China. And because of that, I like them less. People know this. Are they detectable? Yeah, pretty much, but now this places an obligation to examine them carefully, making transacting them a tad more difficult or at least time consuming. So where and how are you going to get one of those stinkers? In a bag of 100? Hmmm.
My own preferred form of silver is 10 oz bars, J-M or Englehard if possible, but the 3-4 better secondary mints are fine. APMEX, Amark, Silvertown, Wall St mint, NTR, these names come to mind and carry less premium than J-M or Engle. But that is just my opinion. I like Eagles, but they carry a fat premium I’d rather not pay. And they are NOT .999 silver, they are like 23.3 or 23.7 karat. There is a skosh of copper in there to toughen up the coin.
So, I only buy SDs when I can buy them for 2x the market price of two halves. And that is rare. I like to buy 10 oz bars (or, 1 oz rounds) when they’re having a 99 cents over spot sale.
Despots if not removed will recruit those who will. That is not an instant change.
The citizens are armed. They will not relinquish those weapons quietly. FACT.
There is a lot riding on November.
I am a boomer, born in 1947. BUT I have never been a part of the 60’s culture. Grew up on a farm, worked for independent businesses for 35 years. Not a leftie tendency anywhere in my body.
We shall see.
I am thinking of buying land and paying cash for it. I am looking at it as an investment along with having a getaway place if needed.
We still need to have cash, gold or silver. Cash is probably the worst option based on the ease of devaluing cash from the govt stance. Course bullets are a great bargaining tool also....
I agree on both points.
Addressing the second, the change has not happened. But it is and has been a work in progress whenever the Dems have the upper hand. The Clintons drove out some of the good career officers, Obama is doing the same now as well. Their goal is a gradual rotting from within the military. IMO, that is their desired and defined goal, not an unplanned result of misguided policies.
It is analogous to salt water seeping into a freshwater aquifer. One day you go to the well and it is no longer potable. It happens slowly.
Agreed
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