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<p>[QUOTE="superc, post: 1712844, member: 44079"]That is where my own head is. I have silver coins left to me by my spouse, by my parents, and by my grandparents. None of them do I sell. Instead I have been adding to the collection. I don't see it as having an end. Whatever the best price of that day is, that is the price I will try to acquire them at. I am a long way from 1,000 lbs of silver coins, and have less than a tenth of that, but I think 1,000 pounds of negotiable silver coins is a very decent goal for any person who wants their grandkids to someday be able to decide if they can afford to eat.</p><p><br /></p><p>Regarding those here and elsewhere who decry silver not being money, they are correct, at present. Money is a concept. It is whatever the current ruler of the country you are in says it is, coupled with what the rest of the world agrees it is worth. History shows us that in many, many, countries when economic conditions get bad enough for lonly,g enough sometimes (violently, sometimes not) a change of government may follow. Even in the history of the US we see that in the transition times from Wilson to Roosevelt when Roosevelt narrowly evaded an armed coup (go look up 'the office plot' and General Butler if your own HS teachers didn't bother to teach you about that little US history tidbit). Often after a change of government or significant instability the currency of that country goes through a re-evaluation, or changes. Now you can take a chance and decide 'Bitcoins' are where you should put your money and hope the ISP provider running the server doesn't go down and everything just vanish, or you can put your spare change into something with an intrinsic value that will still have (allowing for market fluctuations of course) a similar intrinsic globally agreed upon value after the transition, or 100 years from now if you are taking the generational view as I am. Only two or three types of 'no longer being made' investments come to mind. Land with a good water source (which is becoming rarer), and bullion. Is it possible someday one of my kids will decide he or she should sell it all to buy a new car which will lose value the second they drive it out of the showroom, or perhaps develop a substance abuse problem and begin swapping two or three MS 70 slabbed Eagles for $10 bags of rock or ice? Sure. I hope they turn out smarter than that however, and I hope their own children stay as smart. For me, silver acquisition is a generational acquisition. All that being said, if I ever buy a $250 face value bag of silver coins and find out some twerp missed an 1804 silver dollar in the bag, heck yeah, I would sell that one, buy a new car, and another bag of silver too, probably.[/QUOTE]</p><p><br /></p>
[QUOTE="superc, post: 1712844, member: 44079"]That is where my own head is. I have silver coins left to me by my spouse, by my parents, and by my grandparents. None of them do I sell. Instead I have been adding to the collection. I don't see it as having an end. Whatever the best price of that day is, that is the price I will try to acquire them at. I am a long way from 1,000 lbs of silver coins, and have less than a tenth of that, but I think 1,000 pounds of negotiable silver coins is a very decent goal for any person who wants their grandkids to someday be able to decide if they can afford to eat. Regarding those here and elsewhere who decry silver not being money, they are correct, at present. Money is a concept. It is whatever the current ruler of the country you are in says it is, coupled with what the rest of the world agrees it is worth. History shows us that in many, many, countries when economic conditions get bad enough for lonly,g enough sometimes (violently, sometimes not) a change of government may follow. Even in the history of the US we see that in the transition times from Wilson to Roosevelt when Roosevelt narrowly evaded an armed coup (go look up 'the office plot' and General Butler if your own HS teachers didn't bother to teach you about that little US history tidbit). Often after a change of government or significant instability the currency of that country goes through a re-evaluation, or changes. Now you can take a chance and decide 'Bitcoins' are where you should put your money and hope the ISP provider running the server doesn't go down and everything just vanish, or you can put your spare change into something with an intrinsic value that will still have (allowing for market fluctuations of course) a similar intrinsic globally agreed upon value after the transition, or 100 years from now if you are taking the generational view as I am. Only two or three types of 'no longer being made' investments come to mind. Land with a good water source (which is becoming rarer), and bullion. Is it possible someday one of my kids will decide he or she should sell it all to buy a new car which will lose value the second they drive it out of the showroom, or perhaps develop a substance abuse problem and begin swapping two or three MS 70 slabbed Eagles for $10 bags of rock or ice? Sure. I hope they turn out smarter than that however, and I hope their own children stay as smart. For me, silver acquisition is a generational acquisition. All that being said, if I ever buy a $250 face value bag of silver coins and find out some twerp missed an 1804 silver dollar in the bag, heck yeah, I would sell that one, buy a new car, and another bag of silver too, probably.[/QUOTE]
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