Pre-1933 gold coins and pre-1965 silver coins are an excellent way to invest in precious metals and serve as a reminder of a time when the United States had sound money.
Article is generally good but the chosen font makes it hard to read. Keep it simple use something that is sans serif like verdana. There are dozens to choose from. A little research will go a long way.
Beyond the general argument that the current silver-to-gold ration (~85:1) must eventually revert to long term historical norms (e.g., 15:1), which favours silver over gold, there is a rational suspicion that there is much more gold in the world than official figures admit.
“…detail is that the amounts of gold bullion in existence are badly obfuscated, and perhaps "off" of public estimations by as much as an order of magnitude. My reason for maintaining this view was the Sterling and Peggy Seagrave book titled Gold Warriors, which reviews the implications of the USA's top secret recovery of Japanese gold bullion looted from Asia during World War.”
My pleasure, Jesse. Dr. Farrell’s thoughts on gold, space asset hypothecation, hidden system(s) of finance, bearer bond scandals, etc. are rather interesting.
Unfortunately, I've had to sell some of my silver coins to make ends meet. A couple of weeks ago, I think a "junk" silver dime was worth $2.30 and you can still get at least $2 for that dime. In Troy, Alabama a gallon of gas today is about $2.80. I can buy a gallon of gas for a little more than one silver dime! I don't think you could buy a gallon of gas for a dime in 1964, when they stopped making silver dimes. So that dime was an excellent inflation hedge.
Not mentioned in this article is how rigged the "markets" for gold and silver coins are. IMO This HAS to happen to protect the fiat printing press. The rigging of these markets is one of the great unexposed scandals of our times.
I'm also a Substack author. One of my recent essays listed many of the great "unexposed scandals" of our Covid times. I just itemized the Covid frauds. However, if I was listing all unexposed scandals of recent decades, the rigging of the gold and silver markets would be at or near the top of this list.
The government covering up for Epstein's VIP clients would also be high on that list.
Some scandals - or pretty much all scandals - are off-limits to real investigation ... which is our greatest unreported scandal.
Just a caveat: There are many pitfalls to rare coins. At the very least, you are an amateur going up against experts. Grading (condition) of coins is highly subjective and changes values astronomically. For a rare coin the difference between MS-63 and MS-65 can be many hundreds of % of the price. The "MS-65" you bought many years ago often turns out to be an "MS-63" or lower when you try to sell. Oh, did I mention illiquid markets? Alas, there's problem of outright fraud too. Real world experience: My Dad invested thousands in rare coins in the 1980s. After his death (1989), we probably got about ten cents on the dollar selling his collection. From what I've read, that's not atypical. What I’ve described are only a few of the issues, and you will never hear about them from the coin dealer or other promoters.
All that negative stuff said, there are still reasons to collect or even invest in coins: beauty, rarity, etc. Even after learning the downsides, I’ve still speculated (as opposed to invested) in a few coins. I bought a few semi-rare coins that were closer to their bullion value. But I didn’t stake my life savings in this risky market.
I have the same affection for the older coins and carry a nice BU 1923 s mint $1 coin in my watch pocket to remind me what a dollar was before the debasement politicians took over. The art, the heft and solid intrinsic value of those coins also speak out loud of their artistic beauty and a forgotten value now lost to past history. I can and do show this coin to young and old to remind all of what our country once was, and hope that I can inspire young and old to save these coins as a source of true value, beauty, history and pride of craftsmanship. They might come in handy sooner than we think….
Does the author seriously not know what the word "intrinsic" means?
The US stopped offering gold to citizens in 1933. Nixon's move to stop sending gold to foreign treasuries was the least bad option, and it had ZERO effect on American citizens, save for the criminals illegally holding gold. I am fine with such crimes. Much like recreational drug consumption, a victimless crime says more about government oppression than the values of any citizen refusing to follow a ridiculous law.
The worst problem was the foolish Bretton-Woods system with fixed exchange rates. That system was foolish beyond belief and did nothing outside of destroy US industrial capacity and relieving millions of Americans of their jobs and self-worth. This most embarrassing act was replicated with the entrance of the People's Republic of China into the WTO, making sure the US had no factory jobs left for those silly Americans who kept on insisting that they work and contribute to society.
I love coin collecting. I mostly collect US silver and gold coins, but silly articles by men with no understanding of monetary economics keep repeating silly, stupid false concepts while never revealing the ways the US government sold out the American people to the voracious globalists. Money does not need to have a shiny metal as an underlying product. A currency board based upon an underlying holding of gold would be disastrous. We can manage the money supply just fine with the dollar so long as there exists a political will to do so. What we need from Washington is a core respect for the working every day American and his interests around the world.
We clearly made a mistake with global trade, especially trade with the Communist Chinese and their anti-Democratic allies such as Russia, Iran, North Korea and others. We need to right that ship first, then get the budget deficit back below the rate of growth at a minimum, ideally getting back to a balanced budget across the business cycle like in the 1990's. Now that the Democrats have abandoned any concern for the working man and only represent the bankers and tech bros, we are stuck with prayers that Trump will save us. We all better hope that he does, because we are rapidly chasing a Latin American-style debt crisis and the collapse of everything it means to be an American.
Let's all try to focus on what matters (proper governance, less regulation, balanced budgets), and stop obsessing with a mythical past that never existed (so-called "sound money"). We are closer to civilization collapse than anyone realizes.
No way. Gold and silver's bull market is not over by any stretch of the imagination.
Is the global debt crisis solved? Absolutely not. That's all you need to know.
This is just a routine pullback in a secular bull market. Bitcoin, Nvidia, Apple, the S&P 500 had many pullbacks along the way, but people only want to focus on their gains in hindsight.
Only those who have faith, vision, patience, and tenacity will prosper from gold and silver's bull market as gold heads to $15,000+ and silver to $300+.
If you're looking for a get-rich-quick scheme, however, gold and silver aren't going to live up to your expectations.
I once borrowed some money using my silver coins as collateral, which I had to ship to the loan company. When Covid hit, the price of silver was around $21/ounce. After the lockdowns - when one would think silver (and gold) would have shot to the moon (due to coming rampant price inflation and worries about the world) - the "market" price of silver (of course) plunged like it never has before. In about two days, the price of silver was $12/ounce. My loan got called and I forfeitted much of my silver. I also had to send more silver so I could keep some of it. This confirms one of my maxims in our New Abnormal: What SHOULDN'T happen ... will happen.
Of course, silver has now rallied to over $30/ounce last I checked ... but that doesn't help me today. Anyway, these markets are rigged to high heavens in my opinion. Silver should be $50 or $100/ounce today. However, if this happened this would send a "panic" signal to dollar markets and even the "Man on the Street" would be scrambling for some "real money." To prevent this reaction or canary-in-a-coal-mid signal", the Powers that Be rig these paper markets.
There's a reason the these people coined the term "gold BUG" ... the same reason I'm also called a "science denier" or "wacko extremist" for doubting the pronouncements and wisdom of experts like Anthony Fauci. The narrative about "sound money" completely changed from the times of our grandparents and great grandparents. This was intentional.
Article is generally good but the chosen font makes it hard to read. Keep it simple use something that is sans serif like verdana. There are dozens to choose from. A little research will go a long way.
That’s strange. This was a font I had never seen before. I am on Substack every day. So maybe it was just my system.
Hmm - I’m not sure what’s going on, but I’ll keep an eye on it. Thanks.
Thanks for the feedback. Unfortunately, Substack chose that as the default font for all writers and I have no way to change that.
Beyond the general argument that the current silver-to-gold ration (~85:1) must eventually revert to long term historical norms (e.g., 15:1), which favours silver over gold, there is a rational suspicion that there is much more gold in the world than official figures admit.
“…detail is that the amounts of gold bullion in existence are badly obfuscated, and perhaps "off" of public estimations by as much as an order of magnitude. My reason for maintaining this view was the Sterling and Peggy Seagrave book titled Gold Warriors, which reviews the implications of the USA's top secret recovery of Japanese gold bullion looted from Asia during World War.”
https://gizadeathstar.com/2021/05/whos-minding-the-mint/
Interesting argument- thank you.
My pleasure, Jesse. Dr. Farrell’s thoughts on gold, space asset hypothecation, hidden system(s) of finance, bearer bond scandals, etc. are rather interesting.
Thank you - I'll look into that further.
Unfortunately, I've had to sell some of my silver coins to make ends meet. A couple of weeks ago, I think a "junk" silver dime was worth $2.30 and you can still get at least $2 for that dime. In Troy, Alabama a gallon of gas today is about $2.80. I can buy a gallon of gas for a little more than one silver dime! I don't think you could buy a gallon of gas for a dime in 1964, when they stopped making silver dimes. So that dime was an excellent inflation hedge.
Not mentioned in this article is how rigged the "markets" for gold and silver coins are. IMO This HAS to happen to protect the fiat printing press. The rigging of these markets is one of the great unexposed scandals of our times.
I'm also a Substack author. One of my recent essays listed many of the great "unexposed scandals" of our Covid times. I just itemized the Covid frauds. However, if I was listing all unexposed scandals of recent decades, the rigging of the gold and silver markets would be at or near the top of this list.
The government covering up for Epstein's VIP clients would also be high on that list.
Some scandals - or pretty much all scandals - are off-limits to real investigation ... which is our greatest unreported scandal.
https://billricejr.substack.com/p/itemizing-the-worlds-great-unexposed
Just a caveat: There are many pitfalls to rare coins. At the very least, you are an amateur going up against experts. Grading (condition) of coins is highly subjective and changes values astronomically. For a rare coin the difference between MS-63 and MS-65 can be many hundreds of % of the price. The "MS-65" you bought many years ago often turns out to be an "MS-63" or lower when you try to sell. Oh, did I mention illiquid markets? Alas, there's problem of outright fraud too. Real world experience: My Dad invested thousands in rare coins in the 1980s. After his death (1989), we probably got about ten cents on the dollar selling his collection. From what I've read, that's not atypical. What I’ve described are only a few of the issues, and you will never hear about them from the coin dealer or other promoters.
All that negative stuff said, there are still reasons to collect or even invest in coins: beauty, rarity, etc. Even after learning the downsides, I’ve still speculated (as opposed to invested) in a few coins. I bought a few semi-rare coins that were closer to their bullion value. But I didn’t stake my life savings in this risky market.
I have the same affection for the older coins and carry a nice BU 1923 s mint $1 coin in my watch pocket to remind me what a dollar was before the debasement politicians took over. The art, the heft and solid intrinsic value of those coins also speak out loud of their artistic beauty and a forgotten value now lost to past history. I can and do show this coin to young and old to remind all of what our country once was, and hope that I can inspire young and old to save these coins as a source of true value, beauty, history and pride of craftsmanship. They might come in handy sooner than we think….
Does the author seriously not know what the word "intrinsic" means?
The US stopped offering gold to citizens in 1933. Nixon's move to stop sending gold to foreign treasuries was the least bad option, and it had ZERO effect on American citizens, save for the criminals illegally holding gold. I am fine with such crimes. Much like recreational drug consumption, a victimless crime says more about government oppression than the values of any citizen refusing to follow a ridiculous law.
The worst problem was the foolish Bretton-Woods system with fixed exchange rates. That system was foolish beyond belief and did nothing outside of destroy US industrial capacity and relieving millions of Americans of their jobs and self-worth. This most embarrassing act was replicated with the entrance of the People's Republic of China into the WTO, making sure the US had no factory jobs left for those silly Americans who kept on insisting that they work and contribute to society.
I love coin collecting. I mostly collect US silver and gold coins, but silly articles by men with no understanding of monetary economics keep repeating silly, stupid false concepts while never revealing the ways the US government sold out the American people to the voracious globalists. Money does not need to have a shiny metal as an underlying product. A currency board based upon an underlying holding of gold would be disastrous. We can manage the money supply just fine with the dollar so long as there exists a political will to do so. What we need from Washington is a core respect for the working every day American and his interests around the world.
We clearly made a mistake with global trade, especially trade with the Communist Chinese and their anti-Democratic allies such as Russia, Iran, North Korea and others. We need to right that ship first, then get the budget deficit back below the rate of growth at a minimum, ideally getting back to a balanced budget across the business cycle like in the 1990's. Now that the Democrats have abandoned any concern for the working man and only represent the bankers and tech bros, we are stuck with prayers that Trump will save us. We all better hope that he does, because we are rapidly chasing a Latin American-style debt crisis and the collapse of everything it means to be an American.
Let's all try to focus on what matters (proper governance, less regulation, balanced budgets), and stop obsessing with a mythical past that never existed (so-called "sound money"). We are closer to civilization collapse than anyone realizes.
political will?
respect for the working every day American?
balanced budgets?
I'm laughing so hard, my side hurts.
M8 like changing the subject . . . . GOLD and silver on the way down. So many exaggerated or lied to get views and hits
No way. Gold and silver's bull market is not over by any stretch of the imagination.
Is the global debt crisis solved? Absolutely not. That's all you need to know.
This is just a routine pullback in a secular bull market. Bitcoin, Nvidia, Apple, the S&P 500 had many pullbacks along the way, but people only want to focus on their gains in hindsight.
Only those who have faith, vision, patience, and tenacity will prosper from gold and silver's bull market as gold heads to $15,000+ and silver to $300+.
If you're looking for a get-rich-quick scheme, however, gold and silver aren't going to live up to your expectations.
Maybe Dogecoin is more your speed.
I once borrowed some money using my silver coins as collateral, which I had to ship to the loan company. When Covid hit, the price of silver was around $21/ounce. After the lockdowns - when one would think silver (and gold) would have shot to the moon (due to coming rampant price inflation and worries about the world) - the "market" price of silver (of course) plunged like it never has before. In about two days, the price of silver was $12/ounce. My loan got called and I forfeitted much of my silver. I also had to send more silver so I could keep some of it. This confirms one of my maxims in our New Abnormal: What SHOULDN'T happen ... will happen.
Of course, silver has now rallied to over $30/ounce last I checked ... but that doesn't help me today. Anyway, these markets are rigged to high heavens in my opinion. Silver should be $50 or $100/ounce today. However, if this happened this would send a "panic" signal to dollar markets and even the "Man on the Street" would be scrambling for some "real money." To prevent this reaction or canary-in-a-coal-mid signal", the Powers that Be rig these paper markets.
There's a reason the these people coined the term "gold BUG" ... the same reason I'm also called a "science denier" or "wacko extremist" for doubting the pronouncements and wisdom of experts like Anthony Fauci. The narrative about "sound money" completely changed from the times of our grandparents and great grandparents. This was intentional.
Wild story - sorry you had to go through that on top of the pandemic.
Yes, I agree that they're manipulated and I recently documented some of that manipulation in silver:
https://x.com/TheBubbleBubble/status/1854301421971050985