Posted on 03/01/2011 5:13:29 AM PST by Jet Jaguar
In 1930, one could buy a brand new car for about 15 oz. of gold.
Today, one can still buy a brand new car for about 15 oz. of gold.
;^D
Copper pennies are about 20% of a $50.00 random “bag”, actually box of rolls from a bank. Wheat pennies are really getting hard to find.
That’s the “first level” of precious metals one should buy.
1) Preconfigured brass & lead - personal, family, and property defense
2) Silver - for trading
3) Gold - wealth preservation
That’s really close. As another poster said, the coinflation site is very handy.
Notice that the 90% silver coins, be they dimes, quarters, halves or dollars,
all are worth around 25 (24.58) times “face”.
If the SHTF tomorrow, remember what your $2.50 would buy today, and that’s what you should be able to buy with a silver dime post-SHTF.
Does anyone expect silver to test the $30 floor again anytime this year? If no, what’s a reasonable floor to expect on a pullback this year.
Thanks,
I simply had not given thought to the value of one silver dime today.
It puts into perspective how damaging the Federal Reserve and or Federal Government have been.
If a person hoarded a “paper” dollar bill in 1960, that person would have $1.00 today.
If a person hoarded ten silver dimes in 1960, that person would have $25.00 today.
And Obama is submitting budgets that require even more printing of paper dollars.
We are so screwed!!!!
From Obama’s election in Nov 2008 until today silver prices are up 245%, gold prices are up 95%,and oil prices are up 50%.
How is that Hope and “lack of” Change in your pockets feeling to those who voted for the ObaMao?
And Obama has the audacity to tell the Senior Citizens on Social Security there has been zero inflation and as a result the Senior Citizens are not going to get a boost in their Social Security check.
Based on your numbers, I wonder which is the better deal. We could say pennies are, then, on average 20% copper and 80% zinc, while nickels are 75% Cu and 25% Ni. Given the weights of a dollar’s worth of pennies and of nickels, we could calculate based on the metals prices what the relative values actually are. One thing I know right now: both pennies and nickels are worth more in metals content than in face value. And given the actions of our sage leaders in Washington, this is likely to continue. At least with nickels, you don’t have to sort them ... unless you’re looking for silver wartime nickels, which the tarnish however makes most of them really easy to spot.
One correction—oil prices on Nov. 21, 2008 were about $ 49.00/bbl.
So they have gone up 100% since then, not 50%.
Higher oil prices will only stall the economy, if not stop it in its tracks.
Think Zero cares?
BTW—in December 2008, oil went down to a little over $ 30.00/bbl. So, the price as gone up over 200% if you use that as the starting point.
Oh, and the Dems were in power all that time except for the last two months.
BE VERY CAREFUL!! It is a slippery slope you are attempting to explore!!! It starts with just real copper pennies, then you save ALL nickles, then you read about a few State quarters that are rare, like Delaware, Pennsylvania, and Georgia,...Then you figure might as well check for mint errors.......THAT WAY LIES MADNESS.....
Everything is okay now:
It's Official: Personal Income Is At A Record, And Americans Are Returning To Work
I saw Wheat Pennies at my local coin shop (about a month ago) selling for $4.25 per 100 coin bag. (That's four and a half cents each)
Silver closed at $33.98/oz yesterday, making one silver dime worth $ 2.458.
It will be worth more today. See link for worth of precious metals in coinage:
Just bought a roll of Mercs for $136 (w/ ship) and don’t feel a damn bit bad about it. Mercs are my fave.
“Inflation? What inflation?”
Actually, it’s deflation. Many grocery product volumes are decreasing while the prices stay the same.
There’s a shortage of silver bullion on my area. Between 3 coin shops last Saturday there was a total of 35 ounces to be found. All of the shops said they had several hundred ounces in earlier in the day and had already sold it.
Goldman Defuses The 'Religion' Of Gold: It Is Not An Inflation Hedge & The Rally Is Fading
Gold Prices Tank to 3-Month Lows
Gold hits two-month low as haven appeal wanes
Some coin collectors fear a 'gold bubble'
The “silver shortage” reflects a lack of small sellers, and shops unwilling to buy at actual market price. Tulving.com, and nwtmint.com have plenty at normal market rates
From Tulving.com
” 2011 Sealed Boxes Of Silver Maples For $1.99 A Coin Over Spot”
$2.00 and lower is what the small guys around here are charging over spot, and $2/under is what they buy it at, unless you have a hundred ounces or more then they cut a deal.
Bought a few eagles at $1 over spot this past weekend.
The run is on....
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