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#1
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As far as how would precious metals be used to acquire anything if a paper currency fails (and lets not restrict ourselves to the US $ here) the concept is that before central governments thought up the idea of paper currency precious metals (and other commodities) have been recognized as a "store of value" throughout history, and around the world. Look to Weimar Germany with it's astronomical inflation rate in the post WW1 era, when entire city blocks changed hands for a few pieces of gold. I would never try to cheerlead anyone into doing something with their resources that they are not inclined to do, but the idea that gold/silver/etc are "worthless" is belied by several thousand years of human history. They have always carried value.
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#3
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When I started to buy a little gold, there was a sharp irreconcilable difference of opinion on whether it was best to buy bullion/modern coins with essentially no premium to the metal price or to buy the pre-1933 coins. Many of the opinions, oddly, seemed to align with what the authors were selling.
But I never got to anything like a consensus. All that said, the pre-1933 $20 gold pieces even in nice grade sell for a relatively low premium to the melt price compared to the fractionals, and they are beautiful.Some of the silver coins are beautiful too but of course there the value is nearly all numismatic.
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Four phrases I have coined that sum up today's hobby: No consequences. Stuff trumps all. The flip is the commoodity. Animal Farm grading. Last edited by Peter_Spaeth; 06-17-2019 at 05:52 PM. |
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#4
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I’m hanging on to my sterling silverware, even though it is more difficult to stack than coins.
I haven’t found anyone who will grade my f**ks.
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RAUCOUS SPORTS CARD FORUM MEMBER AND MONSTER FATHER. GOOD FOR THE HOBBY AND THE FORUM WITH A VAULT IN AN UNDISCLOSED LOCATION FILLED WITH WORTHLESS NON-FUNGIBLES 274/1000 Monster Number Last edited by frankbmd; 06-17-2019 at 08:37 PM. |
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#5
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They say that centuries ago the rich were less likely to get the plague because of the silverware that they used. I guess there are healing properties in silver? As a doctor, have you ever heard that?
Last edited by vintagetoppsguy; 06-18-2019 at 06:45 AM. |
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#6
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[QUOTE=vintagetoppsguy;1890023]
Quote:
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RAUCOUS SPORTS CARD FORUM MEMBER AND MONSTER FATHER. GOOD FOR THE HOBBY AND THE FORUM WITH A VAULT IN AN UNDISCLOSED LOCATION FILLED WITH WORTHLESS NON-FUNGIBLES 274/1000 Monster Number |
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#7
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volvos are among the safest cars on the road.
volvos require premium unleaded gas. buy premium unleaded gas and you will be less likely to be hurt in an accident. |
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