SilverSurfer

GovMint.com is a .com......stay away. Mint.gov is what you want.

Why do you think im a bot

I want to start collecting silver coins as a hedge against inflation. I see bags of silver with a net weight that I can buy, and I see many different kinds of silver dollars - Morgans, silver eagles, etc. I'm not sure how to start. I get internet ads from GovMint.com. Are they competitively priced and reliable?

http://www.kitco.com/ind/GoldReport/feb042010.html

The simple answer to your question is, it is a hedge to contour the hyperinflation we are going to experience sometime at the end of this decade. It is an investment, but I like coins as well. Unemployment right now is horrid. But, these people have all that time to do home repair, dig through the gargage for things they no longer need/want for a possible yard sale. They could dedicate their time going back to school. Or maybe they are just being lazy and sitting around, sulking. I'm stuck working over 50 hours a week. I'd hate to see my hard earned money evaporate in hyperinflation.

One thing I'm certain of, the Fed and Treasury aren't going to just pull a plug and get all that money back. It is easy to issue money, but hard to mop it all up. So, if they fail to get the money back, eventually it will make its way around. Too much money without demand means prices go up. Unfortunately, peoples wages are always the last thing to go up. I watched my dad struggle paying $1.35 for a gallon of gas when he was making $3.35 an hour, in 1980. He complained it was too much. Gas today is about $2.50 a gallon, and minimum wage is what now $6.25. People now just accept it as normal.

I don't know if the 21 in your signature is your age.....I offer you this to read.....hoping your question is an information/truth seeking, and not something to mock me.

This is just my concern, but we are heading for hyperinflation. People here will disagree with me, stating that they don't see any inflation. As a matter of fact, they will complain about deflation. I agree. If they are so narrow sighted that they can't read the writing on the wall, I feel sorry for them. Consider that in the past inflation has taken 6-8 years to actually take hold, after the money supply has been increased. If you look the total money supply has doubled in the past two years. Of course, you didn't see any of that money, because it wasn't lent out, like it was intended for. Instead investment bankers and commercial bankers have taken that money and invested it themselves in the stock market. That is why we had a jobless recovery....if you can call it that.

Are you buying coins for investments or savings or just collection?