Information About Coin Collecting

We lost another dear friend on Monday. I haven’t written about it yet because I was involved in helping with the Memorial. Norm’s death was expected as he had emphysema and had been suffering for a long time. It was a relief when he was able to pass away. His dear wife and son were with him along with the Hospice nurse that helped ease his suffering. His family and friends are very grateful to this angel in human form.

You also have another avenue to invest in Silver and it may be in your pocket right now. Any Silver nickel or dime that was produced in 1964 or earlier is pure silver. Any time you make a purchase and are handed loose change, check the Silver and save any coin that predates 1964. You may already be invested in a precious metal and not even know it! Either save or take those coins to the dealer to find out how much they may be worth.

We charge a monthly fee. It is 0.12% per annum charged monthly in arrears, and it is subject to a $4 per month minimum. You will pay $4 a month if your holding is less than $40,000. $100,000 stored will cost you $10 per month. You can use all three vaults if you wish, as this doesn’t escalate your storage bill. Those fees includes insurance. Gold is very easy to store because there are no complex stock splits, dividends, rights issues etc to administer. It simply sits quietly in a highly secure vault. That’s why our storage rate at 0.12% per annum (less than 1% after 8 years) comes in at less than a tenth of share portfolios which I read recently charge an average of 1.31% per annum in management fees.

There are currently no freely circulating gold currencies in the world; so, right or wrong, as a medium of exchange it is clearly prone to failure. Why? Because it is so good at storing value that presented with a choice of spending pesos or gold people repeatedly spend pesos and save gold – which means the gold gravitates to savers, not spenders, and stops circulating as currency.

What does all this have to do with precious metals investing, and silver investing in particular? Nothing–at least not directly. First, the CPI is not a measure of inflation. It is a measure of price change of particular consumer items. Second, prices fluctuate all the time. If you read the next sentence beyond the headline that grain prices are up, you learn that production (supply) is expected to be down. The economic law of supply/demand has not ceased to work. And oil, like all commodities, is priced in U.S. dollars. Have you heard? The dollar is falling. Therefore anything priced in U.S. dollars rises.

coin shop Advance

Taking the silver dime and nickel to a local coin shop, one can exchange .15 cents worth of silver and receive in return $1.20 in current currency. That would be enough to buy a hamburger and pay the tax. The formula used by