Gold/Silver

Michael W. Smith · #21 12/04/13, 10:13 PM

Quote:

Originally Posted by Rosco99

I suggest that you start with a base of 4 $5.00 rolls of Roosevelt dimes
then add rolls of 50 cent pcs

You can build your investment a lot cheaper, (but more slowly), by going into your local bank and getting rolls of pennies, dimes, quarters, 50 cent piece.

Go in and buy several rolls, take them home, open them up and look for the old ones. Pick out the old ones for your collection, rewrap them and head back into the bank for a new stash.

With the economy the way it is, people have dug into into their cupboards and unknowingly grabbed old coins worth more than face value. (Or teens raiding their parents or grandparents money stash.)

Just today when I got change at the doctor's office, I was handed a wheat penny!!

Cascade Failure · #22 12/04/13, 11:05 PM

Quote:

Originally Posted by fatrat

I would buy neither because I think at this time they are both over priced. I would buy land and what ever I need to make that land produce without being dependent on government or Monsanto to do so. I believe the time will come when the ability to independently produce food and seed will be more valuable than gold or silver. That's just my opinion.

Gold is about 1240 an oz right now. How many acres can you get for $1240 minus the taxes that year, minus expenses necessary to "make that land produce without being dependent on government or Monsanto to do so"? What are your expenses to do so?

LoonyK · #23 12/05/13, 03:55 PM

Quote:

Originally Posted by Sawmill Jim

Where would you store a hundred thousand dollars of food

At present prices anyway tomorrow you may put that much food in two sacks

I think I would build a lake with that kind of money, ever producing food source.

plowjockey · #24 12/05/13, 04:59 PM

Quote:

Originally Posted by Cascade Failure

Gold is about 1240 an oz right now. How many acres can you get for $1240 minus the taxes that year, minus expenses necessary to "make that land produce without being dependent on government or Monsanto to do so"? What are your expenses to do so?

An ounce of gold, will fill a pickup truck with gasoline, about 13 times.

That not much of an investment either, especially since the price of gold is in decline.