Comments on: Three Things You Must Consider To Protect Yourself From Inflation

By: Joe

Joe — Wed, 11 Nov 2009 20:06:03 +0000

First of all I think your site is fantastic. Nice work and very informative.

Regarding collecting nickels for their metal content in case of an economic collapse or devaluation of the dollar – Nickels contain a lot of copper content. I am speculating, but the price of copper is demand driven based on the fact it is used in everything from construction, wiring, circuit boards,etc. etc. I am wondering what would happen to the value of copper in the event there was an economic collapse that significantly decreased demand? Would the price drop so low that it now makes nickel coins a bad investment?

I don’t know personally, just posting to get input and ideas?

By: Rudy

Rudy — Sat, 24 Oct 2009 15:28:06 +0000

I can’t say that I’d buy anything from them other than the junk silver bags that are smaller. It can be hard to find smaller bags like that though when you do they are still often a better deal than Gov Mint. Buying local is still your absolute best bet though, no doubt about it.

On the nickels, for me I don’t think that they’d be inherantly valuable like junk silver in a total collapse situation. On the flip side though, the revaluation concept is real and absolutely plausible and that’s the main reason why I store some. Not a ton, as I still prefer silver, but some nonetheless. The melt value is a reasonable hedge too. Put together they become a useful hedge commodity that you just toss in the garage or wherever in a bucket.

Worst case scenario you can always turn the rolls back into the bank if you don’t want them

By: theotherryan

theotherryan — Sat, 24 Oct 2009 09:36:20 +0000

That site seems to have insane prices. You can get a half sovereign for what they are selling a quarter sovereign for. Also their 1/10th OZ gold coins are about 40 bucks too expensive.

Other than that I like the post. As for gold and silver I think it depends on your concerns and your budget for what you should get. Though for someone on all but the smallest budget having at least some gold is probably wise. Everybody should have some silver be it one ounce rounds or 90% coinage.

I just don’t buy into the nickels thing at all. The ratio of value to size and bulk is just too low. They also lack the traditional role as a store of value and acceptability as such that gold and silver have. I think anyone can afford some silver and would be inclined to buy .22 ammo instead of silver.

By: gymno

gymno — Wed, 21 Oct 2009 19:43:04 +0000

Junk Silver is an easy way to accumulate silver. Just go on to ebay and buy a couple roles of dimes at a time. Put it away. You pay a premium over the spot price of silver but it is easy and works. The large wholesale houses sell those bags you talk about Rudy. Right now, there is NO premium over the spot price…they are priced right at the spot price when you order. Their shipment is UPS and is fully guaranteed and part of the price. ANother good place to buy is Tulving.com. They make it pretty easy. I kick myself for not saving dimes in mid 60′s…ok, i will start getting nickels. Wonder how long they will keep minting them? Not too long.