When a Nation is brought down to it Knees...who can afford to buy your gold and your silver?
dlimb2
Posts: 3,449
Only use I can find will be in exhange for food and what is needed to survive. Rome fell and it ended one of the greatest empires of all time....are we next? Looks like someone is trying to sink our ship of fools....America Wake Up!!!!
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Comments
The Fink
<< <i>Cammie no it is not off topic...use your brain for once and stop being the class clown that you have become and put your mind to some real thought instead of just a grade of a coin. >>
Russ, NCNE
TBT
<< <i>Cammie no it is not off topic...use your brain for once and stop being the class clown that you have become and put your mind to some real thought instead of just a grade of a coin. >>
I hate to say it but please use your brain. I am not trying to be mean, but that wasn't me that posted it!!!! It was another board member!
Cameron Kiefer
<< <i>but that wasn't me that posted it!!!! >>
Everybody knows that's one of your Alt IDs.
Russ, NCNE
Cameron Kiefer
<< <i>The Fink needs to be banned. >>
You want to be banned?
Russ, NCNE
<< <i>tonkiller, seems like you need a little schooling....you sell modern coins I guess...nothing of any historical value in your inventory >>
This should be good.
Russ, NCNE
Oh what the hell, interest rates haven't moved yet everything else is going up substantionally by double digit percentage points in a given time frame.
NEVER LET HIPPO MOUTH OVERLOAD HUMMINGBIRD BUTT!!!
WORK HARDER!!!!
Millions on WELFARE depend on you!
Eisenhower Dollar, BU
Set Incomplete:
Roosevelt Dime
1900 - Current Type, No Gold
Silver Eagle
Dave
To answer the question: In my opinion, if everything goes to hell and we have to revert back to our spare gold and silver coinage to survive, I think the likelyhood of getting a bypass surgery for any amount of money is fairly remote. I know I will have other problems on my hands than trying to determine the present value of my coin collection.
And with that being said, I do not know any collectors that buy silver and gold who expect to 'fall back' on the coins to live in a hypethetical 'post US economic world', and I simply collect for the fun...not the investment.
Maybe a better way to ask your question (in a new thread) would be, "why would somebody invest in bullion coins?" and simply let others answer.
Now the discussion of *If* the US is in some kind of trouble is a discussion for another forum.
Random Collector
www.marksmedals.com
Economics like many other things in life has natural cycles many of which through history have run at a speed of about 30 years to complete. When left alone they just go along as the generations of the people in charge change places. The advent of paper money backed by nothing is the worst invention of mankind, and through out history has been the eventual down fall of most great powers. For thousands of years the worlds money has moved to the strongest countries, where the people worked the hardest, had many freedoms, as well as natural resources. As the governments in those countries became world leaders their politicians have increased the size of their governments, and printed paper money to pay for their huge growth and explanation in an effort to please all of their population. In other words they start to change the natural economic cycles and manipulate the money supply. Besides having laws that say you should not mix politics and religion, there should also be laws that say you cannot mix politics and economics. Since the time of our Great depression our government has slowly been going down the path of manipulating our money and sticking its finger into every facet of economics. During the Great Depression the government decided that the way to get us out of that mess was to just let the government employ the out of work people, and start a retirement fund for everyone, and install income taxes etc. etc., and there was no longer a need to have all the money backed by anything, they wanted the freedom of the printing press. So for the last 70 years we have had no natural economic cycles. We know have one out of every three people in this country working for one form of government or another, or supplying the needs of those governments. These are just folks just trying to do the best they can, but they produce nothing, no food, equipment, nothing. For decades now part of the 76 million baby boomers that were not employed by the governments paid the tax bills for the ones that were, but that is quickly coming to an end, and these people will then want to be paid by the government rather than paying in. It is much to late to reverse this trend and therefore we are going to have a natural correction sometime in the next few years and it is going to be a disaster. We can only go through this one of two ways, either through Hyperinflation or through a direct collapse, and a deflation, we might have both.
Gold and silver will always be a world commodity and will have some value in relationship to other things. Collectable coins may increase tenfold from here but then the paper you eventually sell the coins for after the collapse will not buy much over its metal value. This coin market will collapse along with everything else should we go into a deflationary tailspin.
If it all goes to Hell in a handbasket (and, you've probably been watching too many disaster movies) you can always move to Los Angeles, where we are used to fires, floods, riots, earthquakes and other ripe disasters, both man-made and natural, at regular intervals. Yes, your coins are going to be worth whatever their intrinsic metal value is. Yes, you may be buying gas for $20 Saints -- people who fled Europe in the 30's and early 40's left with the clothes on their backs (and, if lucky, a few diamonds sewed into the linings). Some of them have led good lives in the US since then.
If you are not going to bet on the home team (USA), who are you going to bet on -- radical Islam and hate-mongering? You should be fighting to save what we have here with your last breath, dude.
Liberty: Parent of Science & Industry
Dave
Very cool Lawman!
Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin
#1 1951 Bowman Los Angeles Rams Team Set
#2 1980 Topps Los Angeles Rams Team Set
#8 (and climbing) 1972 Topps Los Angeles Rams Team Set
Of course, 1995 came and went without the "Great Collapse of America".
Maybe the author should update the title to "2005", and make some more $$$$
Dave
then go back to having fun playing with your coins. I do. The big stuff will take care of itself.
<< <i>Here's a great book for the doomsday fans....Book
Of course, 1995 came and went without the "Great Collapse of America".
Maybe the author should update the title to "2005", and make some more $$$$
Dave >>
Man, I love stuff like that!
Customers who bought this book also bought:
Black helicopter radar detectors, dried food, canned water, bomb shelters and a few rolls of tin foil.
Russ, NCNE
"The sky is falling, the sky is falling."
Wasn't it Dionne Warwick whose Psychic Hotline went bankrupt? SHOULDN'T THEY HAVE SEEN THAT COMING?
LOL !!!!
Dave
We can only go through this one of two ways, either through Hyperinflation or through a direct collapse, and a deflation, we might have both.
A pro-Gold position, to say the least!
Just off the top of my head I know a couple other ways. One is means testing to eliminate benefits, which is neat politically because you get elected by saying that Rich Person X is not paying their "fair" share.
I just think it's a mistake to limit to those two options. Some of the options I think of don't benefit the price of Gold, however!
Doom and gloom sells books. It props up the price of gold. Without it, what would gold trade for? People take advantage of people's fears, for profit. That is nothing new --- and it's been going on for thousands of years. I would expect it to continue....
Dave
You all need a new hobby! I think some UFO's landed here a couple days ago of you wana come check it out!
">"http://www.cashcrate.com/5663377"
<< <i>Most of our high government officials have known for years that a big correction was coming >>
And, they told you this right? Or, are you receiving surreptitious signals through those rabbit ears you're wearing?
Disaster bugs crack me up.
Russ, NCNE
The Federal Reserve will be the fall guy in all of this, and the politicians have set them up nicely.
Notice how after the 30’s call in of gold the government still issued money, that said on the face, backed by so much Gold and Silver i.e. gold and silver certificates, then the money changed and said for decades backed by the good faith and credit of the U.S. government, now the money does not say anything but federal reserve certificate.
As we all know the Fed is not the government but a private institution, just going along printing money, like big corporations print stock. Some very smart people in Washington who figured years ago that there was no way out of the trap wanted the U.S. government out of the loop, so that when the paper became worthless neither we, nor China, nor the Arabs could come and demand U.S. assets.
Dave
<< <i>Russ - Haven't you heard of E.S.P.? >>
Extremely Silly Person?
Russ, NCNE
The Federal Reserve System is not "owned" by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects.
As the nation's central bank, the Federal Reserve derives its authority from the U.S. Congress. It is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. However, the Federal Reserve is subject to oversight by the Congress, which periodically reviews its activities and can alter its responsibilities by statute. Also, the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government. Therefore, the Federal Reserve can be more accurately described as "independent within the government."
The twelve regional Federal Reserve Banks, which were established by the Congress as the operating arms of the nation's central banking system, are organized much like private corporations--possibly leading to some confusion about "ownership." For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold or traded or pledged as security for a loan; dividends are, by law, 6 percent per year.
The earnings of the Federal Reserve System come primarily from interest received on the Reserve Banks' holdings of U.S. government securities (which are used in the conduct of monetary policy) and from fees they charge depository institutions for providing services (such as processing and clearing checks). The expenses of the System are paid from these earnings. Any net earnings are paid yearly to the U.S. Treasury. For 2002, the payment was $24.49 billion.