Message:

<p>[QUOTE=&quot;adric22, post: 1570826, member: 38146&quot;]Just for clarification, I&#039;m not expecting to get rich for collecting bullion.&nbsp; Not that I wouldn&#039;t mind, but that isn&#039;t the goal.&nbsp;&nbsp; Really, more than anything I&#039;m using it like a &quot;savings account.&quot;&nbsp;&nbsp; In my house hold we have tried to regularly put money in a savings account at the bank, but something always seems to come up and the account is drained after a few months.&nbsp; With the bullion, the money appears out of sight.&nbsp; It isn&#039;t quite as easy to get to it or to just transfer it to the checking account and pay a repair bill or something with it.&nbsp; However, in a serious emergency, it is considerably more liquid than say a 401K which I cannot access at all until I am no longer employed at my current company.</p><p><br /></p><p>Another issue is, of course, inflation. Even if we did manage to keep money in a savings account for 30 years, the money would be worth a lot less than it is now.&nbsp; In the event we have hyper-inflation then it could evaporate completely, as would my 401K.&nbsp; So as long as the value of precious metals keeps up with the rate of inflation, then I&#039;d say I&#039;ll be doing just fine and my bullion will do exactly as it was intended.</p><p><br /></p><p>As for the cleaning issue that many have brought up.&nbsp; I can assure you I have nothing in my bullion collection that has any numismatic value.&nbsp; Or if it does, the numismatic value is far less than its bullion value so the value of silver would have to drop dramatically before it would ever be an issue.&nbsp; And I think if that happened we&#039;d all have bigger problems to worry about.&nbsp; At this point I collect:</p><ul> <li>90% Half Dollars</li> <li>40% Half Dollars</li> <li>90% Quarters</li> <li>90% dimes</li> <li>35% nickels</li> <li>40% eisenhowers</li> <li>American Silver Eagles</li> <li>Scottsdale 1/4 oz rounds</li> <li>German 5-mark coins</li> </ul><p>I buy most of it from eBay so I would suspect if anything I bid on had any huge numismatic value, other bidders would probably get it instead.&nbsp; I only bid what I consider to be fair bullion value for the coins.&nbsp; And I bid very low.&nbsp; So I probably loose 30 auctions for every one I win.&nbsp; I clean all of them except the scottsdale since those are brand new, or if i happen to get a brand-new silver eagle.&nbsp; Anything that is not shiny silver gets cleaned.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in