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Thread: Hoarding 'junk silver' dimes to prepare for the coming Apocalypse

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    Hoarding 'junk silver' dimes to prepare for the coming Apocalypse

    You don't need to have a degree in economics to figure out what's happening to the currency in this country. Let me give to one example:

    In 1964, when I was in college, a dime was worth ten cents. A roll of 50 dimes was worth $5.00. Dimes up to 1964 were made out of an alloy of copper & silver: 10% copper & 90% silver. Silver is classified as 'precious metal' along with gold, platinum, & palladium. These metals are rare & have special properties that give them what is known as 'intrinsic value.'

    The same dime today is worth about $1.40 & a roll of 50 of those is worth around $70 depending on where the market is for silver on given day. At the same time as the value of silver has been increasing, the value of the paper dollar has been shrinking. The $24 I had last night before I went to sleep was worth less this morning. But yesterday the market for silver increased by $50/ounce.

    Why is paper money declining in value? To quote Voltaire, “Paper money eventually returns to its intrinsic value – zero” While there is a limit as to the amount of silver available in the Earth, there is no limit on how much paper currency the government can print. And paper money has no intrinsic value. As more & more is printed, its value naturally declines toward that zero.

    Definition of 'intrinsic': adjective. belonging to a thing by its very nature: the intrinsic value of a gold ring.

    A lot of people are interested in silver in certain forms: bars, ingots, medallions, commemorative pieces, etc. But the topic here is why you should be collecting a special type called 'junk silver.' What is junk silver? Basically it is a collective term for previously circulated U.S. fractional currency (dimes, quarters, half dollars) minted before 1965. As these coins are worn & are found in a wide range of conditions, they have no collector or numistatistic value. They are worth only the value of their silver content.

    There is a large & growing movement to which I belong that is collecting, amassing & hoarding junk silver. Why do we focus our attention & resources on this area? Because just like what happened in October 1929, the economic bubble that we all live in is going to burst. The after effect of that collapse took 10 years, a Democratic President & a World War to recover from.

    So what, you might ask. Recessions happen all the time & we're still here. But the prospect of a total economic collapse as happened in 1929 is not going to be something that you can just ignore, like the 'staglation' during the Carter years. Paper money, stocks, bonds & anything of current value printed on paper may become valueless. So, you might say, the Government can just print more. But as Voltaire said, the more they print, the faster its value goes to zero.

    People who are building up stockpiles of silver coins are also known as 'Preppers.' What's a Prepper? A Prepper is someone who is preparing for he coming economic collapse. Paper currency will stop being useful in daily commerce to one extent or another. But silver will not only maintain its value, it will increase in direct proportion to the loss of value of paper currency.

    People who were penniless & jobless during the Great Depression depended to a great extent on a barter economy. I have corn, you have rice, we work out a trade that benefits us both & we get to feed our families that day.

    Junk silver has a number of positive things going for it. It is instantly recognizable as a thing with historical, real, intrinsic value. It could be used to barter for food, for gasoline, for medical & dental services. Stores & gas stations already exist that will accept junk silver in return for food, gasoline & essential medical services.

    I don't have all my assets in junk silver. I have an increasing amount of it, along with vintage gold coins, vintage silver dollars & cash money in the bank as well as a nice monthly income. But I see a stock market bubble of even greater proportion that the 'dot com' bubble. And I see a Federal Government careening out of control, led by manipulators & incompetents. I don't see the near future as being very bright. I hope you see the same thing & take precautions along the lines I mentioned.
    'Make America great' - Benito Mussolini, Fascist Dictator, 1927 newsreel clip: https://www.youtube.com/watch?v=c5l_r8MG5II

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    Re: Hoarding 'junk silver' dimes to prepare for the coming Apocalypse

    Quote Originally Posted by JacksinPA View Post
    You don't need to have a degree in economics to figure out what's happening to the currency in this country. Let me give to one example:

    In 1964, when I was in college, a dime was worth ten cents. A roll of 50 dimes was worth $5.00. Dimes up to 1964 were made out of an alloy of copper & silver: 10% copper & 90% silver. Silver is classified as 'precious metal' along with gold, platinum, & palladium. These metals are rare & have special properties that give them what is known as 'intrinsic value.'

    The same dime today is worth about $1.40 & a roll of 50 of those is worth around $70 depending on where the market is for silver on given day. At the same time as the value of silver has been increasing, the value of the paper dollar has been shrinking. The $24 I had last night before I went to sleep was worth less this morning. But yesterday the market for silver increased by $50/ounce.

    Why is paper money declining in value? To quote Voltaire, “Paper money eventually returns to its intrinsic value – zero” While there is a limit as to the amount of silver available in the Earth, there is no limit on how much paper currency the government can print. And paper money has no intrinsic value. As more & more is printed, its value naturally declines toward that zero.

    Definition of 'intrinsic': adjective. belonging to a thing by its very nature: the intrinsic value of a gold ring.

    A lot of people are interested in silver in certain forms: bars, ingots, medallions, commemorative pieces, etc. But the topic here is why you should be collecting a special type called 'junk silver.' What is junk silver? Basically it is a collective term for previously circulated U.S. fractional currency (dimes, quarters, half dollars) minted before 1965. As these coins are worn & are found in a wide range of conditions, they have no collector or numistatistic value. They are worth only the value of their silver content.

    There is a large & growing movement to which I belong that is collecting, amassing & hoarding junk silver. Why do we focus our attention & resources on this area? Because just like what happened in October 1929, the economic bubble that we all live in is going to burst. The after effect of that collapse took 10 years, a Democratic President & a World War to recover from.

    So what, you might ask. Recessions happen all the time & we're still here. But the prospect of a total economic collapse as happened in 1929 is not going to be something that you can just ignore, like the 'staglation' during the Carter years. Paper money, stocks, bonds & anything of current value printed on paper may become valueless. So, you might say, the Government can just print more. But as Voltaire said, the more they print, the faster its value goes to zero.

    People who are building up stockpiles of silver coins are also known as 'Preppers.' What's a Prepper? A Prepper is someone who is preparing for he coming economic collapse. Paper currency will stop being useful in daily commerce to one extent or another. But silver will not only maintain its value, it will increase in direct proportion to the loss of value of paper currency.

    People who were penniless & jobless during the Great Depression depended to a great extent on a barter economy. I have corn, you have rice, we work out a trade that benefits us both & we get to feed our families that day.

    Junk silver has a number of positive things going for it. It is instantly recognizable as a thing with historical, real, intrinsic value. It could be used to barter for food, for gasoline, for medical & dental services. Stores & gas stations already exist that will accept junk silver in return for food, gasoline & essential medical services.

    I don't have all my assets in junk silver. I have an increasing amount of it, along with vintage gold coins, vintage silver dollars & cash money in the bank as well as a nice monthly income. But I see a stock market bubble of even greater proportion that the 'dot com' bubble. And I see a Federal Government careening out of control, led by manipulators & incompetents. I don't see the near future as being very bright. I hope you see the same thing & take precautions along the lines I mentioned.
    During an "apocalypse", the premium you pay for numismatic value (old legal tender coins) will be irrelevant. Invest only in bullion.

    Come to think of it, during an apocalypses, the only thing of real value will be food and shelter.
    If you have to resort to insults, name calling, ad hominem attacks, straw men, red herrings, appeals to authority, and other dirty debate tactics, the veracity of you argument is questionable.

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    Re: Hoarding 'junk silver' dimes to prepare for the coming Apocalypse

    Quote Originally Posted by beancounter View Post
    During an "apocalypse", the premium you pay for numismatic value (old legal tender coins) will be irrelevant. Invest only in bullion.

    Come to think of it, during an apocalypses, the only thing of real value will be food and shelter.
    As well as guns, ammo and medicines.
    'Let's smoke these losers' ~ D. Vader, Battle of Yavin

    'Uh, oh, there's just no way to spin this' ~ D. Vader, on the destruction of Alderaan

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    Re: Hoarding 'junk silver' dimes to prepare for the coming Apocalypse

    Any good recipes for precious metal?
    Everyone appreciates your honesty, until you are honest with them. Then you are an asshole. ” - George Carlin
    ”I know, everybody funny, now you funny too.” -George Thorogood

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    Re: Hoarding 'junk silver' dimes to prepare for the coming Apocalypse

    My husband isn't a 'prepper' per se but he has collected silver and gold for many years. He always said "If there's a run on banks like there was prior to the big depression, the banks will close their doors and lock you out of your account". So he has stashed 'ready money' in the form of disposable gold whether it's coin or jewelry. He also keeps a few thousand in cash, 'just in case' he can't get into the bank for months. He always says 'cash is king, but gold is better'.

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    Re: Hoarding 'junk silver' dimes to prepare for the coming Apocalypse

    Quote Originally Posted by JacksinPA View Post
    You don't need to have a degree in economics to figure out what's happening to the currency in this country. Let me give to one example:

    In 1964, when I was in college, a dime was worth ten cents. A roll of 50 dimes was worth $5.00. Dimes up to 1964 were made out of an alloy of copper & silver: 10% copper & 90% silver. Silver is classified as 'precious metal' along with gold, platinum, & palladium. These metals are rare & have special properties that give them what is known as 'intrinsic value.'

    The same dime today is worth about $1.40 & a roll of 50 of those is worth around $70 depending on where the market is for silver on given day. At the same time as the value of silver has been increasing, the value of the paper dollar has been shrinking. The $24 I had last night before I went to sleep was worth less this morning. But yesterday the market for silver increased by $50/ounce.
    I don't know if that if you just typed it wrong or misheard.But silver is $17.60 an ounce right now. The closest it was to 50 dollars an ounce was back in April 2011 where it peaked at $47.04 an ounce.

    Live USD Silver Price Charts & Historical Data | APMEX
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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    Re: Hoarding 'junk silver' dimes to prepare for the coming Apocalypse

    40% silver half dollars are a better investment. They can't go below their fifty cent face value if for some odd reason the price of silver craters. They are currently worth about five times face value.

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    Re: Hoarding 'junk silver' dimes to prepare for the coming Apocalypse

    Quote Originally Posted by JacksinPA View Post
    You don't need to have a degree in economics to figure out what's happening to the currency in this country. Let me give to one example:

    In 1964, when I was in college, a dime was worth ten cents. A roll of 50 dimes was worth $5.00. Dimes up to 1964 were made out of an alloy of copper & silver: 10% copper & 90% silver. Silver is classified as 'precious metal' along with gold, platinum, & palladium. These metals are rare & have special properties that give them what is known as 'intrinsic value.'

    The same dime today is worth about $1.40 & a roll of 50 of those is worth around $70 depending on where the market is for silver on given day. At the same time as the value of silver has been increasing, the value of the paper dollar has been shrinking. The $24 I had last night before I went to sleep was worth less this morning. But yesterday the market for silver increased by $50/ounce.

    Why is paper money declining in value? To quote Voltaire, “Paper money eventually returns to its intrinsic value – zero” While there is a limit as to the amount of silver available in the Earth, there is no limit on how much paper currency the government can print. And paper money has no intrinsic value. As more & more is printed, its value naturally declines toward that zero.

    Definition of 'intrinsic': adjective. belonging to a thing by its very nature: the intrinsic value of a gold ring.

    A lot of people are interested in silver in certain forms: bars, ingots, medallions, commemorative pieces, etc. But the topic here is why you should be collecting a special type called 'junk silver.' What is junk silver? Basically it is a collective term for previously circulated U.S. fractional currency (dimes, quarters, half dollars) minted before 1965. As these coins are worn & are found in a wide range of conditions, they have no collector or numistatistic value. They are worth only the value of their silver content.

    There is a large & growing movement to which I belong that is collecting, amassing & hoarding junk silver. Why do we focus our attention & resources on this area? Because just like what happened in October 1929, the economic bubble that we all live in is going to burst. The after effect of that collapse took 10 years, a Democratic President & a World War to recover from.

    So what, you might ask. Recessions happen all the time & we're still here. But the prospect of a total economic collapse as happened in 1929 is not going to be something that you can just ignore, like the 'staglation' during the Carter years. Paper money, stocks, bonds & anything of current value printed on paper may become valueless. So, you might say, the Government can just print more. But as Voltaire said, the more they print, the faster its value goes to zero.

    People who are building up stockpiles of silver coins are also known as 'Preppers.' What's a Prepper? A Prepper is someone who is preparing for he coming economic collapse. Paper currency will stop being useful in daily commerce to one extent or another. But silver will not only maintain its value, it will increase in direct proportion to the loss of value of paper currency.

    People who were penniless & jobless during the Great Depression depended to a great extent on a barter economy. I have corn, you have rice, we work out a trade that benefits us both & we get to feed our families that day.

    Junk silver has a number of positive things going for it. It is instantly recognizable as a thing with historical, real, intrinsic value. It could be used to barter for food, for gasoline, for medical & dental services. Stores & gas stations already exist that will accept junk silver in return for food, gasoline & essential medical services.

    I don't have all my assets in junk silver. I have an increasing amount of it, along with vintage gold coins, vintage silver dollars & cash money in the bank as well as a nice monthly income. But I see a stock market bubble of even greater proportion that the 'dot com' bubble. And I see a Federal Government careening out of control, led by manipulators & incompetents. I don't see the near future as being very bright. I hope you see the same thing & take precautions along the lines I mentioned.
    Are you planning to find a way to eat silver? No one will trade that worthless metal for food in an apocalypse
    Those who can make you believe absurdities can make you commit atrocities.
    - Voltaire

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    Re: Hoarding 'junk silver' dimes to prepare for the coming Apocalypse

    Silver exceeded $50 per ounce in 1980 when the Hunt Brothers tried to corner the market.

    Quote Originally Posted by jamesrage View Post
    I don't know if that if you just typed it wrong or misheard.But silver is $17.60 an ounce right now. The closest it was to 50 dollars an ounce was back in April 2011 where it peaked at $47.04 an ounce.

    Live USD Silver Price Charts & Historical Data | APMEX

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    Re: Hoarding 'junk silver' dimes to prepare for the coming Apocalypse

    Quote Originally Posted by jamesrage View Post
    I don't know if that if you just typed it wrong or misheard.But silver is $17.60 an ounce right now. The closest it was to 50 dollars an ounce was back in April 2011 where it peaked at $47.04 an ounce.

    Live USD Silver Price Charts & Historical Data | APMEX
    As the result of the Hunt Brothers, in the 1980's, silver reached $50 per ounce.

    Silver Thursday - Wikipedia
    If you have to resort to insults, name calling, ad hominem attacks, straw men, red herrings, appeals to authority, and other dirty debate tactics, the veracity of you argument is questionable.

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