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Copper Catcher
Administrator
USA
2092 Posts |
 Posted - 10/15/2009 : 21:05:19
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For me this question is deep rooted in ultimately how bad you think things will get!
If you think the dollar is here to say and you see precious metals as just another investment and way to turn a profit; then you have a different objective than those who hold precious metals and view it as a form of security.
Most of the talking heads on T.V. will tell you this is just another economic cycle and not to believe Chicken Little!
Is the glass half full or half empty? Only you can make that call.... Good Luck!
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 10/15/2009 : 22:24:13
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I do not see the glass as either half full, or half empty.. I see excess capacity.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 10/15/2009 : 22:39:36
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| I view them as both, but more of a security than an investment. |
Copper Penny Investing
www.portlandmint.com |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 10/15/2009 : 22:51:20
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The dollar will be devalued more, but I don't think its going to go anywhere, it really can't... Check out this discussion,
3rd hr part 1 is on the dollar..
You must be logged in to see this link. |
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Dalsuh
Penny Hoarding Member
USA
757 Posts |
Posted - 10/15/2009 : 23:10:17
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I will always hold on to my metals. I enjoy the craftsmanship of different bullion, the numismatics of coins(esp. U.S.) and the buying/selling/trading. Very few hobbies offer a return on your purchase and actually makes you save REAL money.
If I didn't get into metals a couple years ago, I'd probably be saving up for a new car. Now I'm looking for that widow who hates her husbands hoard of pennies. |
PACK THE FORUM EVERY MONDAY NIGHT
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Mountain 7 PM
Pacific 6 PM ( HoardCopperByTheTon Time)
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 10/16/2009 : 02:31:48
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| You might find her Dulsah. But what if the Hoard is too big to ship? |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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2old
Penny Pincher Member
188 Posts |
Posted - 10/16/2009 : 10:23:17
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| HoardCopperByTheTon, you are one of my favorite characters on this forum. I would like to give you a couple thoughts. 1.No hoard is too big to ship. 2. One of my clients owns 1.75 million pounds of copper, he sold 24,000 pounds of #2 yesterday. He did not start buying until mid-2008. It is his hoard/stash whatever. But basically a shield against inflation/deflation. 2. He used to buy electronics from a variety of sources including military scrap, they would sort it and put the scrap in cardboard Gaylord's, put them in a old aluminum semi box and ship it to Wyoming for smelting/refining. In return he would get silver or gold pellets/bullion on which he paid no taxes on until he sold them for dollars, but he could trade them for other bullion tax free. By the way, they semi box made a one way trip., it was scrap too and got melted down. So, keep on sortin! |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 10/17/2009 : 17:40:55
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I posted this on the sister site goldforum, but this information applies here too.
You must be logged in to see this link.
The Dollar in Your Wallet Is Only Worth 18¢
- The Casey Files -
by Jeff Clark
Excerpt-
...The local paper once ran a story of a blue-collar worker in the next county over who had stuffed a tidy wad of dollars into the back of his gun cabinet early in his working life. The money was discovered by the family after his death. While saving money is good, the duck-hunter equivalent of Family Mattress Bank & Trust won’t keep your money from depreciating; the stash of $10s and $20s had lost over half their purchasing power since he’d hidden them some 30 years earlier.
About the same time the gun locker was being lined with legal tender, both of my grandfathers – unbeknownst to me at the time – bought some gold and silver coins for me and likewise stored them away. I inherited one set a few years ago and got the others just last month. And the purchasing power of the coins is still the same as it was 30 years ago.
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I would say that gold and silver are for both investment and security, security towards your buying power.
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Gold/Silver - Investment or Security?
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