Hoarders

Originally Posted by Butternuts

all I found of value was a small but heavy copper pipe and a 1940's silver coin. Everything else was trash, lol.

Grandpa was a coin collector and he had plenty of old coins but he needed some money in the 80's and sent about half his collection off... never got a nickel back. Got scammed. Those old proofs would probably be worth $100k today. My dad and uncle still have the other half of the collection stored in safety deposit boxes. I guess I'll get some of it one day and then probably pass it down to my son.

[Bump]

Originally Posted by Phobia

Grandpa was a coin collector and he had plenty of old coins but he needed some money in the 80's and sent about half his collection off... never got a nickel back. Got scammed. Those old proofs would probably be worth $100k today. My dad and uncle still have the other half of the collection stored in safety deposit boxes. I guess I'll get some of it one day and then probably pass it down to my son.

very nice, I expect silver to steadily go up in value over time. I like it because it's an edge against inflation, though many think it's too much of a risk. Not me, give me all the silver I can get!

[Jewish Rabbi]

Originally Posted by Butternuts

very nice, I expect silver to steadily go up in value over time. I like it because it's an edge against inflation, though many think it's too much of a risk. Not me, give me all the silver I can get!

Silver and gold actually normally go up in value at the same rate of inflation over time.

[Bump]

Originally Posted by Jewish Rabbi

Silver and gold actually normally go up in value at the same rate of inflation over time.

I'm not sure how true that is. If you bought a bunch of silver 15 years ago and sold it today you are gonna get way more value than what you paid for it, more than inflation.

I also like it, because it's currency that's been used since earlier than recorded history, it will ALWAYS be viable currency. I like having the metal more so than paper money. Like if there is an economic collapse, which is practical, in the future, you will wish you had gotten some silver because your paper money will be worthless. I like it.

[Jewish Rabbi]

Originally Posted by Butternuts

I'm not sure how true that is. If you bought a bunch of silver 15 years ago and sold it today you are gonna get way more value than what you paid for it, more than inflation.

I also like it, because it's currency that's been used since earlier than recorded history, it will ALWAYS be viable currency. I like having the metal more so than paper money. Like if there is an economic collapse, which is practical, in the future, you will wish you had gotten some silver because your paper money will be worthless. I like it.

No argument that silver has gone up more than inflation in this period of recession. Over time, however, it has historically been pretty even.

And if the shit hits the fan, silver won't do you much good either. People will want to barter something that is actually useful.