Next Level: GOLD $1,350.00

hahaha

 

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Holding phyiscal gold and silver will eventually become better than holding paper (i.e. U.S. $'s). As far as I am concerned, it seems to me to be a good idea to have some physical gold and silver.

Welcome to CT. :smile

 

but it was like that when I got here... :goofer:

 

Oh yeah...welcome to CT! :hail:

Are you a Yooper or a Troll? What do you collect?

 

I don't know what a Yooper or a Troll is, sorry to say. I am not a collector, however I have a good bit of what this forum's topic is, not sure when to get rid of it, depend on what I read, read, read for answers as I feel unsafe letting anyone know of it's existence, AND a lot of "coins" that my husband "collected", and some my grandfather hung on to, which I received at his death. I once walked in to a local coin shop to see if I could find someone interested in the coins... interestingly enough they mistook me for a walking bullseye... I decided then that I would do my own homework. So I read this website quite regularly. Very interesting. Eventually I'll have an idea what to do with such items, and perhaps a good idea of the timing.

The problem with converting bullion, for me anyway, is there really aren't a lot of assets one can put them into. Nothing seems to be holding it's value right now. Selling for cash, well, our cash is worth WHAT? and falling..

O.K. I don't collect anything, but I love two dollar bills and Susan B. Anthony's!! I have saved every one I have ever come across over the years. Just for fun Yep, and silver certificates!

 

Just dawned on me..Yooper must mean "upper peninsula", and Troll, the other side of the bridge. I guess I'm a Troll -- I'm about an hour from the bridge. Still considered "up north", and definitely, if one knows Michigan, there is a big difference from "downstate" and "up north" ! I love it up here. Folksy, Friendly, Small town stuff.. an hour away from any big stores.

 

I have a cabin an hour south of the bridge in Alpena........you close by there? and you are right its great to go up north and actually see the stars.....all you hear is the lake.....man I think its time for another trip

 

Lucy: CT has a wonderful little body of Paper Money collectors and threads. There's one particular member who several years back parted ways with all (much of) his physical bullion and coin collections and went head long into building the highest grade and most complete collection of US currency he can find and afford. While the US dollar, in an economic sense, is in a dubious position, US currency of the collectible sort is something of a particularly good investment. If you delve into Paper Money topics and reinvest your bullion into numismatic paper you might be very pleasantly surprised at how well it can do. If you begin to study currency, you may find things you like, such as older Series of $2 notes, large and small to specialize in for your collection. You may also have sticker shock when you start looking at the market prices on paper as well. I've turned a good deal of my collecting interests towards Paper in the last year or so and have learned a lot about it. Just something you might like to consider as well as a neat side of CT to check out. There are some really impressive paper collections here to check out.

 

Welcome to coin talk, I understand your hesitancy to sell pms right now. Back in the day I had acquired a few saints, and sold them for about 5 times what I had paid, now I wish I had hung on to them, but it was for a worthy cause, my second daughter was born and bills needed to be paid, and in the end children are worth more than gold or silver. Tho there were times I would have argued with that sentiment.

 

There is no such thing as a "safe" asset. Each asset has its risks and rewards and you should examine the risks and rewards of those assets. Cash ($'s) is losing purchasing power every year. There is nothing you can do about that. If you believe in the gold and silver as a hedge against inflation, then you should NOT sell the gold and silver coins that you inherited. You should instead keep those coins and buy more gold and silver ONLY IF you believe in gold and silver as in inflation hedge and want to preserve what you have.

 

Yep! "Yoopers" are from the U.P. (Upper Penisula) and "Trolls" is the affectionate term Yoopers use to refer to those Michiganders who live "below the bridge".

I have a lotta relative in Michigan. They have summer property in the Gaylord area...which is about an hour south of the bridge (as I recall).

Anyway...you're right, an unacceptably large number of Dealers will rob you blind if they think they can get away with it (imo)...of course that's different than an honest dealer offering a fair wholesale price.

You may want to attend some coin shows. Large shows (like the one in Baltimore this week) is a good place to meet a variety of dealers in a competitive environment. You may find one you hit it off with. Worst case scenario, you get a more diverse picture of the market.

Since you follow CT, you should already have a pretty good idea what your holdings are worth. You might want to give eBay a try. I hear the fees can be somewhat steep, but likely less than an honest Dealer might charge.

The third option...which is probably what you're getting at...would be to post an ad in the Open section of CT. You may find a buyer at the price you want and cut out the "middleman" altogether.

Btw, you can buy uncut sheets of $2 bills directly from the BEP. They also have a "single note" program where you can get notes from each of ten (10) Federal Reserve Districts (excluding Minneapolis and Kansas City).

 

if Russia and china have there way . there talking about joining forces and are asking for a new reserve currency or as mush as six . i tired to give a link but it is not working .or it could be me . but if true the dollar is going to drop soon.
the link i was trying to provide was from bloombreg businessweek.com.
medvedev pushes ruble reserve currency to cut dollar dominance.
i was never good at links. but i know who is. chris were are are you lol

 

To the rescue Dave!

Medvedev Promotes Ruble to Lessen Dollar Dominance from Bloomberg.com 6/19/2010

 

i new you would be there. thank you :hug:

 

chris whats your take on that. remember those that wanted to sell there oil in euros. and guess what happened to them . but will this happen or is this just fiction. you see i wont say any names. because i dount trust anybody.
i am not saying the euro is any better toward the dollar . but what i have read lately oil is more in abundance than water. so which is worth more ?.
ok logging off for tonight .see you tomorrow.

 

Alpena is about an hour and a half east of me; I'm straight over, almost over to Lake Michigan, being somewhat close to Charlevoix. Lakes everywhere here, and I am on one. Also have a 90 acre farm with about 50/50 farming land and woods/streams. Perfect for wildlife habitat, then hunting during season (I make soap out of the tallow etc..) I'm in an area where NO ONE would understand the bullion thing...I keep that to myself, and have hidden it myself... and I worry quite often. My late husband died before 'taking care' of this, and I am hoping that everything I tried to pay attention to "back then" will resurface when I need it to. Ill equipped for the task, so I look (from a distance) at what others are doing. We were HUGE Y2K bugs, and I am still working through a lot of that "inventory" if you will.

Thank you all for your comments. I enjoy the 'banter' that I often see here on this website.

Regards,
L

 

...in the Gulf of Mexico, anyway. :goof:

 

I have a Cousin that farms 4000 acres of sugar beets in Midland, MI...not far from Delta College. He has an office off the machine shop that has an array of computers (about 8-10 of them) where he does nothing but trade commodities. Don't let these corn-fed country boys fool ya! :kewl:

 

was thinking the exact same thing! :hammer:

 

Amen to that!!!

The modern farmer of today is about as sharp a businessman as there is. They have to be to work the programs that the Feds set up for them. They work hard, long hours and when all is said and done, have about as honorable a life as one could ask.