I just built a root cellar - not a bad thing to have out here in the Alaskan Bush. I have a feeling that we’ll be eating a lot of cabbage, potatoes, carrots, and turnips in the upcoming years.
Deflation would mean FALLING gold prices. So which is it?
Why dimes?
Keep in mind that if we hit a bad situation, those selling what you want to buy may very well only give you face value for the 90% silver coins.
I was in a store tonight and was pretty depressed because I came to the conclusion that many Americans are just idiots. You have too many illegals and too many idiots plus welfare freeloaders.
The country is going to hell with a muslim leader and they are more interested in NFL and college ball games. Pathetic.
In the name of saving some they’ve screwed us all.
Sold a 100 oz. bar last week. Nobody knows what will happen. I put my cash in a hard asset that has a stable value to me . I made 600 dollars on it in the last eight months.
I watched an auction of silver dollars last week. It really didn’t matter what the dollar was, Peace, Walking Liberty 1880 or 1927, they all brought $18.00 each. $18.00 an oz.
Dimes would weigh out the same. The actual coin has no more value than the silver content, unless it has a rare misstrike, or some other unique characteristic.
The thing about gold or silver, there are no guarantees it will be worth market value if you have to sell. And if dollars are worthless, what other unit of value will give you a fair exchange rate?
...how much are silver dollars going for these days?....also dimes?....I’ve got some I bought during Carter....back then the dollars were $13 apiece.
I’m sorry, but this article did not impress me one bit. It seemed like he was making the case for inflation, not deflation.
Good move, blam. I am doing the same. Small denominations of silver coins will always be accepted, even at deflated face value. I would rather get 10 cents for a silver dime than to get .01 for a copper-clad counterfeit coin.
I have an ad in the local paper this week selling some of my “extra” ammo and am offering the option to purchase it with U.S. silver coins at a 10:1 ratio.
I notice that gold have taken a downward plunge this past week while silver continues to barely move. Silver is $18.49 right now.
http://www.coinflation.com/