For a mature stacker, global uncertainty = cautious calm
Weiss
Posts: 9,941 ✭✭✭✭✭
I was at one of the local shops not quite 2 weeks back and made a rookie mistake. I was offered a stunning 1943 50 peso at melt. I mean she was easily a 63 and maybe even a 65. The 1943s are a strange piece. An interesting one-year variety with a small mintage. Unlike the rest of the pieces in this series, they don't have a denomination. Where the "50 pesos" should be, there's just the weight given.
I took a pass, and when I went back a few days later, she was gone 
Even at melt, she was something like $2700. One guy apparently came in and bought almost everything made of gold this dealer had. I'd estimate that at maybe 20 ounces, total.
He needed it. Inflation spooked him. The cost of oil zooming up above $100 per barrel spooked him. The drop in the stock market spooked him. And I bet the images of two million Ukrainians fleeing for their lives, with nothing but the clothes on their backs, spooked him.
Don't get me wrong. None of that makes me happy. But the reason why I left that 50 peso, and a nice stack of profit on the counter in that coin shop was because unlike this panic buyer, I didn't _need _this piece. Like many of you, I've been stacking for decades. Global inflation, devaluation, uncertainty aren't new concepts to me. So PMs have always been a small but very significant part of my broader wealth portfolio. I'm concerned about what's going on, and I hope it rights itself before it turns horrific. But I'm not freaking out. And I bet you're not, either.
Not quite 50 pesos, this is 39.5 
--Severian the Lame
Comments
Nope, but I am thinking of dumping the small stack of silver I put together since the last spike.
just sit back and watch the fireworks. the person that bought them all was probably a newbie and didn't have any gold, you like most of us are already set, you didn't need that coin as bad as the buyer did
One has to hold a raw 50 peso in hand to truly appreciate and enjoy the size of the coin.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Opportunity comes, and then it is gone.
Seize the opportunity.
It's a new paradigm now. The value of Social Security is anything but secure.
I knew it would happen.
Absolutely this. I was series 6 & 63 way, way back in the day (Prudential). And while we always showed clients what we projected their Social Security was going to be based on our best modeling, I always reminded them that there are simply no guarantees with stocks, mutual funds, annuities, real estate, CDs, or anything--especially products you don't have direct control over.
Diversify. Compound interest is incredibly powerful and you need to have investments that take advantage of interest. But you should also have small, portable, inflation resistant wealth.
--Severian the Lame
The 1943 50 peso "dual weight" error would be tempting deal at spot, even for the most seasoned and mature of PM aficionados.
Like weiss said its a one off, Perhaps the die sinker had one too many the night before and grabbed the same set of punches?
It's all about what the people want...
In this case that 1943 50 peso could have easily netted you another smaller gold cinco or Diez peso.
Dam Nice of you to leave some for the next guy though
Only 89,000 of such gold coins were minted and hence it is a ONE-YEAR TYPE LOW MINTAGE COIN
That is a beautiful chunk of gold.... Never held one of those.... 1.2 troy ounces.... Nice. Cheers, RickO
South of the border Beast Mode activated!
--Severian the Lame
I have this little beauty... a favorite of mine. Cheers, RickO
