croc
2nd August 2011, 04:22 AM
The revelation that the Fed lent 16 trillion to the global-banking elite in 2008, without a public paper trail, is reason enough to take as many dollars as you can lay your hands on and get some gold and silver coins. Note the lack of outrage about this in the media, or in Congress. Seeing this willful ignorance of the Fed's malfeasance by the public's watchdogs is a VERY VERY BAD SIGN of things to come. So do yourself a favor and get the hell out of the stock market, and take the after tax proceeds and buy as much Junk silver (pre 1965 US dimes, quarters and half dollars containing 90% silver) as you can afford. But unless you're a wealthy collector, stay away from those MS-69 & 70 eagles, the premium over spot is just too high, which could cause short term losses, and is unlikely to pay off in the long run as well. Low premium items like gold buffalos and maples, silver rounds and junk silver will only have small losses if forced to liquidate them for the melt value, unlike numismatics which always require a collector or specialty store as a buyer to get "full value." In times of financial collapse, you may not be able to find a wealthy collector when you need one. Numismatics are liquid at the "melt value", but not liquid at the "collector value." Mining shares are good, but junk silver coins (or pure bullion bars and rounds) are better for the average investor.
http://www.gold-eagle.com/editorials_08/lundeen073011.html
http://www.gold-eagle.com/editorials_08/lundeen073011.html