$1 Quadrillion Derivatives Casino

What does this chart tell you?

Annual_Inflation_chart_sm.jpg
 
I Love America said:
Now you are on par with Desh. Congratulations.

There is a very specific reason why junk silver is desirable.
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Just in case you didn't know, Wiki has footnotes.

Junk-silver coins may be a desirable method of investing in silver for several reasons:

Low premiums Coins can often be purchased for little or no premium over the spot price of silver, particularly during periods of economic stability.
Legal tender Coins remain legal tender and maintain their face value regardless of the price of silver.
Recognition Coins are familiar and less likely to have their value disputed than silver rounds or bars.
Divisibility Coins can be easily spent or traded in small amounts. In contrast, minted silver bullion is rarely smaller than a troy ounce, while minted gold bullion (and other precious metals) is highly valued in even small amounts, like the American Gold Eagle coins.

For these reasons, junk silver is popular among survivalists. In the event of a crisis or catastrophe during which traditional currency collapses, it is speculated that silver coins could provide a viable alternative, temporarily or indefinitely, while fiat currency, which is not backed by precious metals or other commodities, has no inherent value and can be subject to extreme inflation, even hyperinflation, similar to Weimar Germany, post-WWII Hungary and, more recently, Zimbabwe. Proponents of junk silver and other precious metals claim that, while fiat currencies have historically been subject to hyperinflation, precious metals will always have inherent value and can act as a medium of financial exchange when fiat currencies are obsolete.
 
christiefan915 said:
Just in case you didn't know, Wiki has footnotes.

Junk-silver coins may be a desirable method of investing in silver for several reasons:

Low premiums Coins can often be purchased for little or no premium over the spot price of silver, particularly during periods of economic stability.
Legal tender Coins remain legal tender and maintain their face value regardless of the price of silver.
Recognition Coins are familiar and less likely to have their value disputed than silver rounds or bars.
Divisibility Coins can be easily spent or traded in small amounts. In contrast, minted silver bullion is rarely smaller than a troy ounce, while minted gold bullion (and other precious metals) is highly valued in even small amounts, like the American Gold Eagle coins.

For these reasons, junk silver is popular among survivalists. In the event of a crisis or catastrophe during which traditional currency collapses, it is speculated that silver coins could provide a viable alternative, temporarily or indefinitely, while fiat currency, which is not backed by precious metals or other commodities, has no inherent value and can be subject to extreme inflation, even hyperinflation, similar to Weimar Germany, post-WWII Hungary and, more recently, Zimbabwe. Proponents of junk silver and other precious metals claim that, while fiat currencies have historically been subject to hyperinflation, precious metals will always have inherent value and can act as a medium of financial exchange when fiat currencies are obsolete.
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Well now you learned something.
 
christiefan915 said:
For these reasons, junk silver is popular among survivalists. In the event of a crisis or catastrophe during which traditional currency collapses, it is speculated that silver coins could provide a viable alternative, temporarily or indefinitely, while fiat currency, which is not backed by precious metals or other commodities, has no inherent value and can be subject to extreme inflation, even hyperinflation,
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I agree with everything but after collecting silver coins for 35 years and gold coins for 25 years, I now realize silver is much too heavy and needs to be hidden in a catastrophism whereas it's easy to carry $5000 in gold coins. Plus I'm in the camp with those predicting deflation.
 
chaos said:
I agree with everything but after collecting silver coins for 35 years and gold coins for 25 years, I now realize silver is much too heavy and needs to be hidden in a catastrophism whereas it's easy to carry $5000 in gold coins. Plus I'm in the camp with those predicting deflation.
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Collecting lead is the way to go; because with enough lead, I can get all the gold and silver I might need. :D
 
USFREEDOM911 said:
Collecting lead is the way to go; because with enough lead, I can get all the gold and silver I might need. :D
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If things get bad, lead and guns will be everywhere so you just pick up what you need as you go. The best survivalists will be scavengers until things settle down enough for people to start buying and selling again. Only then will I return to my stash.
 
chaos said:
If things get bad, lead and guns will be everywhere so you just pick up what you need as you go. The best survivalists will be scavengers until things settle down enough for people to start buying and selling again. Only then will I return to my stash.
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Why wouldn't those who've planned ahead for such a circumstance be the best, instead of scavengers?
 
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