1811 Capped Bust Half Dollar

1811 Capped Bust Half Dollar

Sunday, February 10, 2013

Scrap Silver

When countries build up too much debt sometimes they`ll reissue a new currency or devalue the current one they have. When that happens wealth in their paper dollar can be reduced greatly. Folks in those countries know what that is like, here in America we have not experienced that----for now !! If you have noticed Gold and Silver has gained value indicating the buildup of debt. Costs of mining precious metals has risen greatly also. This is another reason why the bullion price has not gone down such as some thought it might. If you listen to the federal reserve spokesmen they say Gold Silver is not money. Their reason for holding it is because of " Tradition " ha ha.. I guess you catch my drift. Scrap Silver will be listed as 90 % silver. Sometimes silver braceletts etc can be picked up cheaply at estate sales. Keep that in mind.

A wise move in my opinion is watch what they do not what they say. Buying bullion silver is not a bad idea, scrap silver such as older worn silver coins can be bought at your local coin store or other sources such as APMEX or other online stores. Ebay has a good source also. Know what the bullion price is before handing out money. This link changes daily for a reference.

http://www.coinflation.com/silver_coin_values.html

A word to the wise, what you have in Gold and Silver, it`s best to not let others know.

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