Sunday, January 22, 2012

The new $20 Canadian Silver Coin

it's actually not a great deal at all..Of course a Silver Maple or Eagle is a better buy in terms of silver content. But with a guaranteed of $20, there is no risk in this coin. When the mintage is sold out, the coins can be sold on Craigslist for about $25-30 (more on Ebay). Still, long term, the Canadian government has to give a non-depreciating legal tender status to the Silver and Gold Maples. Look up Hugo Salinas-Price and see how he would like the Silver Libertad to be recognized as legal tender. it only weighs near 8 grams.. 31ish grams is 1 oz... so tha'ts about $80 per 4x need to make 1 oz that could be bought for 33ish at that time. of course the face value is $20.00 and you have for that still is worth $80.00.. like the 1 oz maple leaf with a face value of $5. once silver is worth more than $20 per 8 gram, the face value becomes meaningless. The point being so long as the melt value of the coins does not exceed the face value, a coin will circulate and not be hoarded. All governments issue issue fiat currency, meaning the face value does not represent melt value. The metal content of a quarter is probably worth $0.05, and the melt value of a dime is probably worth only a few cents. Same situation with Canadian government. They are issuing $20 face value whose melt value is only $8.as far as face value it is only worth what the government says it's worth...but if things ever go bad I would rather have a coin that's made of pure silver than a piece of green paper...that would be worth nothing.

Mike Maloney on Credit-Based Money, Feudalism, and Financial Enslavement

Mike Maloney is incredibly talented in explaining monetary history and at conveying the message to the public about the perfect economic storm that's coming. His book is an excellent read not only on gold and silver investing but on monetary history and wealth cycles. The predictions he made have been unfolding: First the threat of deflation followed by "helicopter drops" (TARP, QE1, QE2), followed by big inflation, followed by real (monetary) deflation, and finally hyperinflation. Great info!

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Mike Maloney - $20,000 Gold & Silver

Ron Paul and Mike Maloney Hit It Out Of The Park - Gold, Silver and Debt Based Monetary System . Gold and Silver are Money Historically they always have been.And that's Why do Central Banks hold Gold? Mike Maloney : "Money has to be a store of value over a certain period of time only Gold and Silver are money everything else are Currency" "our fiat based currency system is designed to continually lose value because you have to expand the currency supply to pay the interest that is due on the currency supply " "the base money portion , the portion that the FED has direct influence over is only 6 percent of our currency supply , it is 3 trillion dollars , the number of dollars that exist is a reflection of total credit and that stands at 53 trillions " "gold and silver will do it , it is better to be way too early than one second too late "

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

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