Posted on 04/16/2013 6:08:57 AM PDT by blam
You probably heard what Milton Friedman had to say. That historically silver has been the coinage for everyday transactions while gold is for bankers making settlements with other bankers and for large commercial transactions. During a future SHTF and chaos using 90% silver and USG one ounce silver is better than using gold coins which will attract too much attention to you, your family and where you live. Using silver will also attract unwanted attention but not as much
Using 1964 dimes is probably safest.
There’s no doubt that the Fed is glad to see its toady financial firms clean up in these swings. The market psychology prior to Easter (just after Cyprus) was bullish and a lot of longs went on margin. It was a perfect time to 1) smash the longs 2) make money and 3) buy another year for the Fed to inflate. Only #3 really matters.
They rule on a monthly, yearly short term basis so just another year another year is their mantra to do their fiat money mischief. No long term outlook so #3 is the biggest reason while the ChiComs and Russia and their friends have a longer term view so will scoop up physical gold cheap now. They should send thank you notes to JPM and The federal Reserve Bank
Using 1964 dimes is probably safest>>>>>>>> will be very in demand to make change in a SHTF scenario. You can see how if you buy ten 1/10 oz US gold coins this will cost you about 33% more than a single one ounce US gold coin
I have heard hints that Mulligan Mint is going to mint 1/10th oz silver for the same premium as full oz coins.
Yes, that’s a big deal.
Will Mulligans be 90% silver? Because 100% silver wears when circulated. Right now all 100% gold and 100% silver coins and bars should only be sold/exchanged with their plastic covers on
90% silver wears too when circulated...obviously
The pre-65 US currency was 90% silver.
Eagles, etc, are “worse” being 99.9% silver.
I was assuming that the mulligans would be 99.9%.
Just checked, they are .999 “paradimes”. Due out in May.
http://mulliganmint.com/production/silver/
The last of these dimes that I bought were bought from a guy at a flea market...he was asking $2.60 each and let me have all he had for $2.30 each.
I prefer junk silver and have half dollar and one dollar coins too.
In gold, I have a few Krugerrands I bought back in the early 90's.
The LBMA has reacted in desperation, conspiring to sell 500 tons of paper, fake, not-real, naked-short, IOU gold on Friday in a deliberate attempt to shake Gold loose from weak hands and to discourage physical redemption.
Eastern hemisphere central banks are going to buy the hell out of this paper intervention. The Gold is going east. Westerners with unallocated Gold are going to be left with a pile of worthless paper.
And if the LBMA actually defaults then the world is going to change overnight. We'll see a zero on the end of the prices of Gold and Silver.
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