Tuesday, August 16, 2011

JUNK SILVER vs. .999 FINE SILVER - DAVID MORGAN

Investing in silver. Junk Silver or .999 Fine Silver? By David Morgan. junk silver is the easiest way to get silver for cheap and it doesn't carry a premium price like Silver Eagles. Just go buy a few dimes.everyone should own a mix of junk silver. I have nickels, dimes, quarters and dollars. I'm looking for more small denomination junks silver for a SHTF scenario and need small barter money.I buy junk and 999 fine, they are both winners.Diversification is good idea even if it's just in your silver. One point many stackers miss is the need to 'make change'. If all one has is 1 oz. and the other one 'say's sorry no change' and one really needs the product one leaves money on the table. Also the distinction between .999 and .9999 is lost on most people. If the price is 1 oz. most people are going to shave some off and give it back to you if it's .9999. They'll just say tough @#$!.


Monday, August 15, 2011

Junk silver coins ? Buy while they call it as junk.

ACQUIRING AND COLLECTING 90% JUNK SILVER COINS? One of my favorite things in life is collecting coins and I love collecting the 90% silver junk coins. Since silver's demonetization, silver has been junk, not precious. So they call these 90 percent US silver coins as junks. Because they were so cheap. Silver Dime bag was few bugs before. People think silver as industrial metal. But it was not hundred year ago. Silver was monetary metal and subsidiary coins not junk silver coins.

40 Years ago Nixon ended The Gold Standard

Discussing whether it is time to get back to gold standard , with Jared Bernstein, CNBC contributor; and John Tamny, Real Clear Markets. "It was a monumental blunder, the biggest of modern times. leaving gold was a devaluation of the dollar and as history shows when money is devalued, investment becomes defensive. it flows into the hard assets of yesterday that already exist and away from the innovative ideas of tomorrow in assets that don't exist, leaving gold restrained, our economic evolution and it shows up in the numbers that you just cited. we've grown less quickly, unemployment's been higher. it's been a major disaster and it's time to turn back " says John Tamny



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
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