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re: Buying Gold & Silver coins and bars.

Posted on 1/21/15 at 10:32 pm to
Posted by Kashmir
Member since Dec 2014
7825 posts
Posted on 1/21/15 at 10:32 pm to
i buy silver fairly often. don't have any gold. I buy silver eagles, 1 and 10oz bars, and 90% coins.

Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65924 posts
Posted on 1/21/15 at 10:53 pm to
quote:

90% coins

This

Pre-1965 US Dimes, Quarters and Halves.

On the extremely odd chance that we did hit a fiscal Armageddon, actual 90% Silver Dimes, Quarters and Halves become relevant as they are already familiar to all Americans and will get some fixed values. Silver Eagles* and/or Silver Bars? Not so much.

*Silver Eagles: I get that they are produced by the US Mint, they are legal tender and they have a denomination inscribed on them but no one has ever taken them in change for normal business transactions. They have never circulated as normal coinage here. They would be like a Foriegn coin to most Amurkins.

In an Economic Panic, one doesn't want more uncertainty.
This post was edited on 1/21/15 at 11:00 pm
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