Showing posts with label inflation. Show all posts
Showing posts with label inflation. Show all posts

Wednesday, November 9, 2011

Prices NEVER Go Up!

It drives me crazy everytime I hear a newscaster, financial analyst, or even an average consumer  complain about how prices of food, gas, appliances, etc., are going up. Especially when they then launch into an ill-considered rage at the "fat-cat oil barrons" or the "greedy corporations" or the evil 1%". As a result, I'm going to say this one time only. Prices NEVER go up! The real prices on the everyday items your grandmother and father bought cost the same as they did back in the day. After all, how could prices increase? I mean, an orange in 1963 is an orange today, why would you pay more for it now then you did back then? So, if prices haven't gone up, then what has changed? The value of your money has GONE DOWN.

In 1964 President Johnson announced that starting in 1965 US coins (dimes, quarters, and halves) would no longer be minted from 90% silver, but would be switching to a nickel copper composition. The only exception was to be the 1965 - 1970 Kennedy half which would be lowered to 40% silver. FDR had previously taken gold money out of the hands of US citizens in 1933. Nixon terminated the last connection the US Dollar had to Gold (and sound money) when he terminated the Bretton Woods arrangement in 1971. Now the US was free to print money to its hearts content without the necessity of having something concrete backing the paper money. As the money supply began to increase inflation took off in the late 60's and never looked back. Today you would need over $7.50 to buy what $1.00 would've bought you in 1964!

But wait, doesn't my last sentence above contradict my premise about unchanging real product pricing? If you need $7.50 to buy in 2011 what $1.00 purchased in 1964, doesn't that mean prices did indeed rise? The short answer is basically, yes and no. Yes, prices increased because we use paper funny money and coin slugs today instead of real silver and gold money. However, in silver and gold money prices have remained remarkably steady since the early 1960's! See below:

1964 - One loaf of white bread could be bought for a silver 1964 dime.
2011 - You can buy a loaf of white bread today with that exact same silver dime.

1964 - One nicely tailored men's suit $50.00
2011 - If you saved your money in silver coins you'd have $1250 to buy that suit!

1964 - One gallon of gas cost $0.30
2011 - Three silver dimes would give you $7.50 towards that gallon gas! Wow, change too!

1964 - The cost of $10 worth of 90% silver quarters was...well...$10.
2011 - Go on eBay and see for yourself. Right now you'd have to pony up $250 in funny money to get ten bucks of real silvery money!

So you see, assuming you saved the last real money (90% silver coins) we had in 1964 you'd find that either your buying power would be the same, or that it actually improved!

Hmm, maybe I am wrong. Prices aren't just stable over the last 5 decades, they've gone down!

Bottom Line: Politicians and Big Banking interests are expanding our money supply recklessly to serve their own agendas and enrich themselves. Eventually, the average Joe America will lose everything as the US Dollar inflates to worthlessness. Be aware of their duplicity! Don't complain to the store clerk or the check out worker like a drone about rising prices. Instead, rebel (legally) against a tyrannical government that is debasing the once mighty and sound US dollar and ruining the savings and buying power of a Nation. BUY SILVER & GOLD NOW!

Rick



GoldSilver.com - Buy Gold & Silver




Sunday, March 13, 2011

6000 Years of Gold Fever!


4600 B.C. Ancient civilizations begin to use gold as jewelry because of its beauty.

1500 B.C. The gold-bearing regions of ancient Nubia make Egypt a wealthy nation.

1323 B.C. Egyptians create Tutankhamun's funeral mask, a triumph of gold craftsmanship.

1200 B.C. Egyptians master the art of beating gold into leaf and develop the lost-wax jewelry casting technique, still used today.

1091 B.C. Squares of gold, about the size of postage stamps, become a form of money in China.

560 B.C. The first gold coins are minted in Lydia, now a region in Turkey, after a refining breakthrough ensures consistent purity.

Funeral mask of Tutankhamun (14th century B.C.)

334 B.C. Alexander the Great and his army cross the Hellespont into the Persian Empire, seizing gold now valued at up to $980 million.

218 B.C.–202 B.C. The Romans gain access to Spain's gold-mining region during the Second Punic War.

58 B.C. Julius Caesar conquers ancient Gaul, acquiring enough gold to repay all of Rome's debts.

50 B.C. The Romans issue a gold coin, the aureus, which circulates for almost 400 years.

309 A.D. Roman Emperor Constantine launches the gold solidus. It circulates for nearly 1,000 years in various forms..

696 An Islamic gold coin, the dinar, is minted in Damascus.

1284 Venice introduces the gold ducat, whose weight and purity remain unchanged for 500 years.

[TIME_aureus] Money Museum

Aureus (Rome, 128 A.D.)

1492 Christopher Columbus discovers the new world, leading to the Spanish Conquest. By 1510, Inca gold from Colombia and Peru pours into Spain.

1663 The Guinea, named after Africa's "Gold Coast," is first minted in Britain and becomes its main circulating coin.

1694 The Bank of England, the first central bank to have gold reserves, is established.

1700 Gold is discovered in Brazil, which becomes the world's largest gold producer by 1720, tripling the world's output.

[TIME_solidus] Money Museum

Solidus (Byzantine Empire, 705-711 A.D.)

1717 Sir Isaac Newton, master of the Royal Mint, fixes the price of gold at £3.17s.10d, essentially putting Britain on a gold standard until 1931.

1787 Ephraim Brasher, a goldsmith, strikes the first U.S. gold coin.

1792 The Coinage Act places the U.S. on a bimetallic silver-gold standard.

1817 Britain introduces the sovereign, a gold coin valued at one pound sterling. It becomes the dominant coin in international trade for the next 100 years.

1837 Gold weight in the U.S. dollar is lessened so that an ounce is valued at $20.67.

[TIME_dinar] Money Museum

Dinar (Gupta Empire, 375-414 A.D.)

1848 John Marshall finds gold flakes while building a sawmill near Sacramento, triggering the California gold rush. The discovery transforms world gold production, which escalates tenfold during the next decade.

1852-1853 Britain and France mint substantial quantities of gold coins from California and Australia. Gold begins to take over from silver as the most widely circulating currency.

1862 The Latin Monetary Union is established, setting standards for silver and gold coins in France, Italy, Belgium, Switzerland and, later, Greece. The countries accept each other's coins as legal tender.

[TIME_ducatus] Money Museum

Ducat (Venice, 13th century)

1871 Germany issues the mark, a new currency based on gold. Ten more European countries join the gold standard during the 1870s, leading to a collapse in the silver price, as nations disposed of silver coins.

1873 The U.S. adopts an unofficial gold standard after silver is eliminated.

1887 John Steward MacArthur patents the MacArthur-Forrest process for using cyanide to extract gold from ore, leading to the extraction of gold in South Africa.

1896 William Jennings Bryan urges a return to a bimetallic system in his "Cross of Gold" speech at the Democratic national convention.

NA

Gold Washing in California, an 1896 engraving

1898 Prospectors discover gold in Klondike, Alaska, prompting the century's final gold rush.

1900 The U.S. adopts the gold standard through passage of the Gold Standard Act.

1913 The Federal Reserve Act requires backing Federal Reserve Notes 40% in gold.

1931 Britain abandons the gold standard.

1933 President Roosevelt prohibits private holdings of gold coins, bullion and certificates to alleviate a banking panic.

1934 The Gold Reserve Act of 1934 gives the government permanent title to all monetary gold and halts minting of gold coins. Only Federal Reserve Banks may hold certificates, putting the U.S. on a limited gold bullion standard. President Roosevelt reduces the dollar by increasing the gold price to $35 per ounce.

[TIME_stater] Money Museum

Stater (Tribe of the Parisii, 120-100 B.C.)

1935 Construction begins on the bullion depository at Fort Knox, Ky.

1944 The Bretton Woods agreement establishes the basis of the post-war monetary system. The U.S. dollar is set to maintain a conversion rate of $35 to one ounce of gold.

1961 Central banks of the U.S., U.K., and six European countries form the London Gold Pool and agree to buy and sell at $35.09 per ounce.

1968 The London Gold Pool collapses, leaving the U.S., Britain and other European nations unable to maintain the gold price at $35. The gold price begins to float freely for the first time.

1971 President Nixon closes the "gold window," stopping all gold sales and purchases and ending conversion of foreign-held dollars into gold.

1973 U.S. devalues the dollar and raises the official selling price of gold to $42.22 ounce. Dollar selling continues, which leads to currencies being allowed to float freely.

1975 Americans are allowed to hold gold other than jewelry for first time since l933. Krugerrand sales and gold-futures trading begin in the U.S.

1976–1980 The International Monetary Fund abolishes its official gold price, freeing governments to trade gold in private markets.

Bloomberg News

Gold futures are traded on the Comex floor of the New York Mercantile Exchange.TIME_comexTIME_comex

1980 Gold reaches an intraday high of $875 on Jan. 21 but falls to $591 by year-end.

1981 The U.S. forms a Gold Commission to make recommendations on government policies about the role of gold in domestic and world-wide monetary systems.

1999 The euro is introduced, backed by a new European Central Bank holding 15% of reserves in gold. The Bank of England sells half of the U.K.'s gold stocks, pushing down prices to $250 an ounce.

1999 Europe's central banks enter the Central Bank Gold Agreement, which limits their annual sales of gold into the market. This action stimulates a rise in the gold price during the next decade.

2009 Central banks return to buying gold for the first time in two decades.

2011 Gold hits an intraday high of $1,445 on March 7.

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, APMEX Gold and Silver and Silver American Eagles.

Rick

CLICK ADS BELOW FOR FREE DISCOUNT!

Buy Gold Online Today at APMEX.com


Friday, March 11, 2011

Should You Hoard Nickels?

As precious metals like silver, gold, and platinum continue to increase in price as the US Fiat Money Paper Dollar is overprinted into financial oblivion, base metals are attracting some side glances as well. In particular copper pre-1982 pennies and nickel coins (75% copper & 25% nickel). Indeed, due to the rise in the commodity price of both copper and nickel, coinflation.com lists the metallic value of the current US nickel at close to $0.07 cents! If it wasn't for a pesky law passed in December of 2006 forbidding the exportation and / or melting of US nickels, enterprising speculators might be lighting up the cauldrons already for profit!

However, given the assumption that most US citizens who've chosen to start hoarding nickels are lawful people, what could possibly be their motive for stacking the 5-cent pieces in their garages, sheds, basements etc? Well, it can't be for ease of storage and portability (always great in survival situations). For example: $20,000 worth of gold coins could be easily carried by your 85 year old grandmother in her purse. $20,000 worth of American Silver Eagles weighs 40 pounds, and can be carried by an average man some distance. However, $20,000 worth of nickels (face value) weigh 4,410 pounds, and isn't going anywhere without a forklift and a light truck or heavy duty pickup! As far as ease of storage gold and silver win hands down as well. My wife hardly even notices my hiding spots for my gold and silver coins. On the other hand, how is any married man (who presumably wishes to stay that way) going to schmooze his significant other into letting him store a mere 400,000 nickels or $20,000 worth around the house! I suppose you could form the nickel bricks into coffee tables and other furniture, but I just can't see my wife sitting down quietly while a truck is backing up to the house to unload the massive cargo.

I don't want people to get me wrong. I am very sympathetic to any person whose goal is to diversify out of the US(less) Dollar into more valuable commodities. I imagine the typical nickel hoarder may have missed the gold and /or silver trains, and is hoping to catch the more modest nickel and copper rockets before takeoff. However, I just see the logistics mentioned above to be major stumbling blocks to realizing an eventual profit from hoarding nickels, to say nothing of the thorn in the nickel-guys paw that is the US Law also detailed above.

Finally, I'd like to offer my advice. Forgo the nickels with the numerous logistical and legal roadblocks, and buy American Silver Eagles and Junk Silver (pre-1965 dimes, quarters, halves) on every dip in silver prices. Silver is headed to $50 and beyond. You may have missed the first quarter of the game, but there is still another three to go with a nice half-time show in the middle (NO CHRISTINA AGUILERA I PROMISE - I LOVE AMERICA TOO MUCH)!

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):

Rick

CLICK ADS BELOW FOR FREE DISCOUNT!

GoldSilver.com - Buy Gold & Silver

Saturday, February 26, 2011

Silver Trading Facts for Dummies!

To successfully trade silver and not get ripped off you need a few pieces of info you should learn and memorize.

First, 1 Troy Ounce of silver = 31.1 grams

Secondly, 1 ounce [troy] = 1.097 regular ounce. Troy ounces are just a little bigger than the regular ounce.

The main measurement for silver when quoting or being quoted is the Troy ounce. You can see that it is a little larger than the typical English/American ounce.

The next number to remember is crucial and easy:

All USA pre-1965 dimes, quarters, and halves are made from a 90% silver 10% copper alloy. $1.40 face value (FV) of US junk silver coins has ( 1.0127 troy ounce) the near equivalent of 1 ounce of pure silver (if melted down and copper separated) . The difference between the 1 troy ounce and the decimal 1.0127 is negligible. When silver is $33 per troy ounce you're looking at only a $0.42 (in funny base metal money) discrepancy. For instance, everything else being equal, you could trade (2) Franklin or (2) 1964 Kennedy halves plus 4 silver dimes and your $1.40 in junk silver could be traded for (1) American Silver Eagle ( 1 troy ounce .999 pure silver) as the amount of silver would be virtually identical.

Botton Line : Just remember $1.40 FV in junk silver coins = 1 Troy Ounce Silver Eagle.


For more crucial number crunching help and fun go to Coinflation.com. Great site with articles and a website that continually tracks the silver price and gives you updates on how much your silver coins are worth from a strictly silver content standpoint. Note: This article is not for coin collectors looking for errors or Proof and/or Uncirculated coins. All we care about in this article is silver content only! The site is hooked in with eBay, so they can tell you how much your $10 face value Franklin half roll is worth in silver, how many ounces the roll contains, and approximately how much you can expect to be paid by the winning bidder. Usually +5% to -5% of current melt price as a rule.

Fun Fact: 90% silver US coins made for circulation were made with 10% copper to form a alloy that was tougher and more wear resistant than a pure silver coin. The Silver American Eagles are beautiful coins made from .999 pure silver, and are therefore softer and more prone to wear if handled excessively. Of course, it was known upfront that although the Silver Eagles are an official US Dollar, very few mental defectives have ever tried to buy a candy bar at 7-11 with one. Why? Because typically you'd rather give a cashier a crappy piece of paper money worth inherently zero, to handing over a coin currently containing $33.39 in silver content along with a near $3.00 fee per coin tacked on as a common premium for these beauties.

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):

Rick

CLICK ADS BELOW FOR FREE DISCOUNT!
GoldSilver.com - Buy Gold & Silver

Sunday, December 12, 2010

Rising Cost of Restaurant Meals!


The year was 1943. The Second World War was raging in the Pacific and Europe and the Zoot Suit Riots were pitting soldiers against Latinos in Los Angeles. The atom bomb was still on the drawing board and it was 5 years before the first McDonald's opened. You could grab a hamburger from a good restaurant for 40 cents and get somMenu_1943Re curly fries for another 20. A Coke? That will cost you another dime, mac. For a little more than a dollar you could substitute a steak for the hamburger and exchange the coke for a milkshake concocted with real milk and real ice cream.


Inflation

When reading old menus the first thing that stands out naturally are the prices. If you could still order off a six and a half decade old menu, there wouldn't be a hungry person in America today, and if you're still challenged by the concept of inflation, one look at the menu will clarify your mind. The average price of 10 staple casual dining restaurant items were $0.47 in 1943 compared to $6.10 today. That's a stunning 1,302% inflation or 4.05% per year. For example, back in 1943 you could treat three of your buddies to steak sandwiches, fries and a large coke and pick up a $4.00 tab. Today, that act of generosity would cost you over $54. Other wallet busters included hot fudge sundaes for 35 cents and a stack of pancakes for 30 cents. A Root beer float or freshly squeezed lemonade would set you back another 20 cents.

Sales Taxes

In California the sales tax was 3 percent. That's a far cry from the current 9.75% rate in Los Angeles County. This is not a misprint; in nominal dollars, the sales taxes on that burger went up a stunning 5,464% and somehow the local and state governments managed to have balanced budgets. For those of you history buffs, West Virginia was the first state to enact a sales tax in 1921 and California didn't have a sales tax until 1935. I would have paid 12 cents in taxes for treating my three buddies to a steak meal. Today, the state charges diners $5.40 for the privilege. I guess that's why good friends are harder to find nowadays!

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, APMEX Gold and Silver and Silver American Eagles.

Rick

CLICK ADS BELOW FOR FREE DISCOUNT!

Buy Gold Online Today at APMEX.com




Wednesday, December 8, 2010

Hyperinflation in the Future!

In 1910 the average unskilled worker could expect to earn about one silver dollar per day. He was expected to support himself and his family on this daily wage. Doesn't seem like much today, but it was enough to buy the food and fuel needed to keep going and even set a little aside each week.

How much would a US worker need to earn each day in 2010 to pay the bills to heep pace with his ancestor? Even more interesting, given the same rate of inflation, if not hyperinflation, how much will it cost our future children in 100 years just to get by?

1910 - $1.00 wage earned per day (unskilled work)
2010 -$103.00
2110 -$10,600

1910 - $0.05 candy or chewing gum
2010 - $1.22
2110 - $28.00

1910 - $0.165 gallon milk
2010 - $3.85
2110 - $89.70

1910 - $0.125 one gallon of gas
2010 - $3.00
2110 - $73.00

Voltaire (1694-1778) “Paper money eventually returns to its intrinsic value ---- zero.”

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, APMEX Gold and Silver and Silver American Eagles.

Measuringworth.com CPI and Wage calculators were used to compute the prices above.

Rick

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Buy Gold Online Today at APMEX.com


Tuesday, November 30, 2010

Food Hyperinflation Coming To Your Store!

The National Inflation Association (NIA) projects that at the average U.S. grocery store it will soon cost:




$11.43 for one ear of corn
$23.05 for a 24 oz loaf of bread
$62.21 for a 32 oz package of Sugar
$24.31 for a 32 fl oz of soy milk
$77.71 for a can of Folgers Coffee
$45.71 for a 64 fl oz of Orange Juice
$15.50 for a Hershey's candy bar

NIA also projects that by the end of this decade, a white men's cotton t-shirt at Wal-Mart will cost $55.57.
Pdf File Here..http://inflation.us/foodpriceprojections.pdf

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, APMEX Gold and Silver and GoldSilver.com.


Rick

Buy Gold Online Today at APMEX.com

Sunday, November 28, 2010

The Return of Silver & Gold Money

Many voices of sanity like Ron Paul, a Congressman from Texas, are calling for a return to silver and gold money. Silver and gold coinage offers stability to economies afflicted by the overprinting of unbacked paper money and base metal coins. Money minted from precious metals have been used historically by humanity for over 5000 years. Such currency has long offered incentives to save rather than spend by dramatically limiting or even eliminating price inflation, and preserving buying power over long periods of time. "Real" money also forces governments to spend within their limits, since it's impossible to just print silver or gold to pay for expensive social programs without the fiscal necessity of raising taxes.

I believe the following steps would be effective in slowly re-introducing silver and gold coinage back into the money supply of the US:

  1. Begin minting a dime sized coin made from 90% silver and 10% copper. The coin must NOT have an assigned value to avoid the possibility of the raw material value of the coin exceeding it's worth as US currency. It was this circumstance that doomed our 90% silver coin program when the price of silver rose in the 1960's. Instead, this coin will have its value set on a regular schedule by the US government about 10-15% above the current price of silver. If the price of silver goes up, the posted value will likewise rise. However, if the price of silver falls the last quoted value will be preserved to maintain economic stability. The additional assigned value for the coin will avoid the market temptation to melt the coins as well as providing a profit or "seigniorage" to cover minting costs. Note: although the new silver coin will not have an assigned value indicated, the silver content in ounces should appear much as it does on the reverse of the American Silver Eagles to build consumer confidence and knowledge.
  2. Introduce the new silver coin into the current money supply, and allow it to circulate along with the current paper money and base metal coins. According to Gresham's Law, the bad paper money will drive out the good silver coin. In other words, the American people will begin to save the new silver coins rather than spend them. The same process can then be repeated with gold and even platinum coins. Eventually, we'll be able to remove billions of dollars of fiat money from circulation, while keeping inflation low or non-existent and fostering a new generation of savers for the future.
  3. The US government is gradually forced to balance the budget as the fiat money supply is slowly scrapped. The citizens of the US will eventually realize that nothing is free in life. "Free" programs like Universal Healthcare may sound great, but deferring the resulting monstrous bill for later generations to pay is not only shortsighted but unconscionable.

I expect that the Keynesians, Statists, Inflationists, and Big Banking interests will fight the above fiscal sanity plan tooth and nail. Banks in particular have made obscene profits by manipulating the fiat money supply and interest rates, sucking the wealth from the US worker and forcing him into a virtual slavery. Men like Benjamin Shalom Bernanke, Tim Geithner, and President Obama are unfortunately woefully mired in the failed policies and theories of the past. However, they must be forced by "any means necessary" to realize they've had their chance to experiment with our lives and our national well-being, and failed miserably. Now it's the turn of the sane citizens of the United States to return our country to it's former greatness before hyperinflation and a complete currency collapse devastates the once mighty US!

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, APMEX Gold and Silver and GoldSilver.com.

Rick

Buy Gold Online Today at APMEX.com

Saturday, November 27, 2010

Silver At Over $150 Per Ounce!

In 1900 the average wage for an unskilled worker in the US was $1 in silver per day. The Morgan Silver dollar minted during this time period contained .7735 troy ounces of silver. So a worker could expect to earn about three quarters of an ounce of silver per day with which he was expected to support himself and his family.

Using a calculator found on measuringworth.com, we find that the same unskilled worker in 2009 would need to earn $122 US per day in order to "enjoy" the same standard of living his ancestor had in 1900 with his silver dollar! Of course, our paper dollars and coinage today are made from worthless unbacked paper and base metals, unlike the Morgan Silver dollar that compensated our 1900 working man. However, a very interesting conclusion can be drawn about the comparative price and value of silver today if we look at these numbers a bit closer.

If the buying power of one 1900 silver dollar is roughly equivalent to $122 in 2009 US money, then why isn't silver selling for $122 for three quarters of an ounce of the precious metal (or around $158 per troy ounce)? The answer is that the price of silver has been manipulated and suppressed by the US Government and the banks for decades.

At the writing of this article silver is hovering around $26.75 per ounce. With the world economies in recession, and eternal wars in Iraq and Afghanistan dragging on, the case for silver finally rocketing to it's true market price exceeding $150 per ounce is looking more and more like a slam dunk.

PS. GOLD BUGS: If our worker had chosen to be paid for five days labor with a 1900 $5 Liberty Half Eagle gold coin, he'd have earned about .242 ounces of gold for his five days of labor. In 2009 he would have needed $610 US to maintain the same living standard. At $610 for almost one quarter ounce of gold means gold should be selling for almost $2500 per ounce instead of the present $1364!

PPS: Gold should double in price in the near future, based on the above wage equivalents, but silver has a lot more room on a percentage basis to grow from $26.75 to $150. Buy gold and silver now!

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, APMEX Gold and Silver and GoldSilver.com.

Rick

CLICK ADS BELOW FOR FREE DISCOUNT!

Buy Gold Online Today at APMEX.com

Friday, September 10, 2010

Idiots Collecting State Quarters!

I recently heard that about 160 million misguided Americans have wasted their time and money collecting the completely worthless so-called "state quarters"!

It is my hope that this article will enlighten the readers to realize their mistake in purchasing the US State Quarters, and invest their scarce monetary resources instead in an infinitely wiser capacity.

Now, I don't have a problem with some grandmother buying a map of the US with places for each of the 50 quarters. Heck, that sounds like a good geography lesson for some grandkid for about $30. No, my problem lies with the stacks of bricks that amateur "collectors" are buying in some misguided attempt at making an investment for the future.

There are only 2 factors that increase the value of coins over a period of years, and the state quarter possesses NEITHER of these qualities.

1. The coins should be made from precious metals like gold or silver. The state quarter like all quarters made for circulation since 1965 are made from 92% copper and 8% nickel, or worthless base metals. Yes, the "proof" versions do indeed contain 90% silver, but are so severely overpriced that realizing any future profit from them is highly unlikely.

2. The coins must be rare. To date there have been $34 billion worth of these quarters minted for circulation, making them one of the highest minted coins in the history of the world! A thousand years from now archaeologists will be throwing these things away as ubiquitous and bothersome relics, more closely akin to beer flip tabs than valuable relics!

What should you do if you have a hoard of these valueless slugs? Either pay your utility, grocery, or tolls with them, or go to your neighborhood bank and exchange these cheap con items in for paper folding money ASAP. Then buy as much 90% junk silver coins dating 1964 and prior (dimes, quarters, halves) as you can. Check out www.coinflation.com to see the going rate prices for these coins based on the value per ounce of silver. These coins are made from 90% valuable silver, and after the infamous Great Melt of 1980 there are no more than a total of $500 million (face value) still in existence today (compare that with $34 billion in state quarters alone that are loitering about the country at this moment)!

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, APMEX Gold and Silver and Silver American Eagles.


Rick


Buy Gold Online Today at APMEX.com