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What is your opinuion for the future US & British coins?
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<p>[QUOTE="doug444, post: 1944463, member: 38849"]I am not a dealer either, except in the sense that I am selling off a lot of peripheral items to raise cash to buy junk silver. I think it is a harmless, prudent strategy.</p><p><br /></p><p>Gold and silver are the only REAL money you will ever hold in your hands, and because the gold/silver ratio is currently very high (takes 60+ ounces of silver to buy 1 ounce of gold), and these things tend to revert to the historical mean (in the 16 to 25 ounce range), I tend to believe silver will rise in price, percentage-wise, more quickly than gold. </p><p><br /></p><p>For China and India, where much of the gold purchased is in the form of jewelry, silver might not work out as well. Also, silver comes in sizes and denominations more useful for trade, whereas the smallest unit of gold coin (1/10th ounce) you can buy is in the $150-175 range. A silver dime will always buy a loaf of bread, and no one has to "make change" for you.</p><p><br /></p><p>This is why I shy away from silver ASE's, bars, rounds, etc., and stick to the coin types Americans have seen in their pockets for the past century: Mercury and Roosevelt dimes, Washington quarters, and Walker and Franklin half dollars.[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1944463, member: 38849"]I am not a dealer either, except in the sense that I am selling off a lot of peripheral items to raise cash to buy junk silver. I think it is a harmless, prudent strategy. Gold and silver are the only REAL money you will ever hold in your hands, and because the gold/silver ratio is currently very high (takes 60+ ounces of silver to buy 1 ounce of gold), and these things tend to revert to the historical mean (in the 16 to 25 ounce range), I tend to believe silver will rise in price, percentage-wise, more quickly than gold. For China and India, where much of the gold purchased is in the form of jewelry, silver might not work out as well. Also, silver comes in sizes and denominations more useful for trade, whereas the smallest unit of gold coin (1/10th ounce) you can buy is in the $150-175 range. A silver dime will always buy a loaf of bread, and no one has to "make change" for you. This is why I shy away from silver ASE's, bars, rounds, etc., and stick to the coin types Americans have seen in their pockets for the past century: Mercury and Roosevelt dimes, Washington quarters, and Walker and Franklin half dollars.[/QUOTE]
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