I want to make some money...American Silver Eagles

My school requires a personal finance class to graduate, but we don't discuss investing much. Mostly taxes and budgeting!

 

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You're lucky. That's more than many colleges provide.

 

What's your suggestion? Teaching them to stack silver? We're not talking about competing economic ideas. We're talking about how to balance a checkbook.

 

I think teaching the pros and cons of precious metals, stocks, and real estate is a good lesson

 

I think you will do well in life.

 

Thank you!!!

 

Could start with the history of money and how it evolved into modern fiat, where it comes from and such. I've spoken to bank managers and professionals in other fields, that have no idea how modern money is created. I think there's room for improvement.

 

No, but it marked the first time there were NO backed currencies in the world at all. Fantasyland closed then.

 

lol Keynesian Nirvana!

 

see question below in green...

 

Gulf War? Conflict in the Middle east?

 

Same as it has always been with a debt based, Ponzi twist: A lack of financial discipline.

 

I guess my question went over your head.

 

Well simplify your question then, ole wise one.

 

no

 

lol

 

After reading this thread I decided to throw all my ASE's in the trash.

 

The answer to each of you is exactly the same: around 7.5% compound interest, which is pretty close to the true inflation rate. Nowhere near the published one, of course.

Bottom line: the national debt is progressing at the expected rate.

 

So .. are we to assume then that the US Money Supply is going to implode and everyone is going to revert to PMs ?

I don't ever see that happening.

PMs are nice to look at and are good at storing wealth but will never replace paper or electronic money. After all, people want their money "now" and a physical block of metal isn't going to transfer very quickly. Think of the distribution system needed for that much less the quantity which probably far short from existing to support the number of people.

Look at all the disasters in the world and what was the "currency"
In Puerto Rico they didn't have cash, so what did they do? Use PMs? NO ... they waited for Cash.

in 2009 when the economy imploded, loss of jobs, loss of homes, etc; what did the US and world do? Use PMs? No .. they still used cash.

If the Zombie Apocalypse occurs will everyone use PMs? Nope, water, food, bullets and sharp axes will be the top monetary methods. Assuming everyone forgot how to manufacture and lacked common sense.

Might be time to move to Chili to get one's PM fix.

 

I'm not suggesting electronic currency is going away but the dollar is going to have to change again. Maybe private banking will be removed as the workhorse of currency creation and that function taken over by government debt free? I don't know what the future holds. For the time being, inflation is going to continue to consume the wealth/purchasing power of those not positioned properly and in conjunctions with private debt, is going to continue to stave off a real economic recovery... IMO.

And if history is a guide, maybe a couple of "Black Swans" for good measure.