Monday, August 9, 2010

Junk Silver & Eagles vs. Silver Rounds!

Objectively speaking, an American Silver Eagle (ASE) coin, one oz. of 90% junk silver coins ($1.40 face value), and a one troy ounce silver round are exactly the same. Silver is, after all, silver. However, I recommend buying ASE's and 90% junk (pre-1965 dimes, quarters, halves, dollars) rather than privately minted silver rounds, even though the former two are a bit more expensive than the latter.


Should an economic collapse occur (and assuming basic law & order is maintained or at least locally reestablished), Americans will go through a crash course in trading and real money. Initially, I expect FRN's (paper dollars) will still be exchanged due to long habit even though they have all reverted to their inherently worthless state. Next, the 90% junk silver (pre-1965 dimes, quarters, halves, and dollars) as well as the ASE's will make an appearance in trade. US minted coins will matter and their value more readily recognizable and universal.

Privately minted money in the form of rounds is an alien concept to Americans, and to the citizens of the world today. I expect this prejudice to be around a long time despite the inherent logic of the silver is silver argument.

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies (below):



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