Friday, March 31, 2006

BE CAREFUL,

Be careful and look for price drops to buy as the price will begin to fluctuate a bit possibly, quite a bit as the FRN ghouls try to take what they perceive as profits. They view a 2 percent gain or loss at 11.50 is a larger amount than at 5 or 6 dollars, even though it is the same percentage.

When silver gets "expensive" in relation to a falling dollar chances of a larger amount fall and spike are greater, please watch percentages. Also If you are going to buy when the market is "higher" do not settle for washed out 90% silver coins, try to get the better stuff. For example, why buy warned out Washington quarters for 8. 3 times face when you can get practically uncalculated ones or even standing liberty's or barbers after all they were 2.25 each before silver ran up, and they will be 2.25 each even if silver falls. In other words they do not have any numismatic value while silver is this high they only have bullion value, yet if Silver falls they will again have numismatic value equivalent to their present bullion value, PLUS you have a nice opportunity to add to a coin collection and make you preparations for the future fun and interesting as well! Gold is the same way, A lot of these so called dealers in the area are just kidding themselves if they think that just because Gold hits 600, that warn out 20 dollar Gold pieces are worth 700 or more, the fact is that their Gold Coin Value is the same as the bullion Value and if they were sent to a refiner, ( and many will be)they would be melted down in a heart beat. Fact is I spoke with a pawn dealer the other day who had several dozen US PROOF gold modern comparatives in plastic government holders, a refiner called him up and offered to buy them all at spot ( 565) TO BE MELTED. He sold them all and made a profit besides. The same thing is true with silver dollars, 3 weeks ago you could buy junk silver dollars at any flea market for about 7-9 dollars each, and better ones for about 12-16,( nothing special but still better) well now that Silver has spiked, guess what , the Junk ones will be 10.50 to somewhere about 12 and the better ones will still only be worth 12-16 ( with a silver value of of only 8.74 each at 11.50 per ounce) guess what these folks will only pay you about 7-7.50 for a junk silver dollar tops and then pretend your better ones are junk so they can get them and turn then for 15-16 or better, Fact is if you walked in to one of these "traders" they would do you worse then a Jew money changer in the temple in Jesus' day, so know your stuff, it would be a shame to sell a 200FRN valued Dollar for 8 bucks, but these folks will let you do it and never say a word and then brag to all their buddies about it later. An example is a friend of mine's father who bought a bunch of 1922 peace dollars that were worth only 10 a piece, ( the dealer was asking 12 when I saw them) my friends dad bought them all for 16 each. Not smart, silver will have to climb to somewhere around 22 dollars for his coin to have the bullion value he paid for them and even then these folks will only pay him 90% for them ,if he finds an honest man.

Remember if it is a good deal today, it will still be a good deal after you think about it , make a few phone calls and check around.

Dimes are .07234 worth of silver each up to and including 1964
Quarters are .18084 up to and including 1964 ( 1965-69 are .1479 each)
Halves are .36169 up to and including 1964
Dollars are .77344

So Dimes have .7234 per dollars face amount worth of silver... IE they are worth 72.34 cents each and 10 are worth $7.234 @10$ounce

Quarters have .72336 per 1$ face amount worth of Silver... IE they 4 are worth 7.235

Halves have .72338 per dollars face amount worth of Silver.. IE they are worth 7.2338 for 2 when silver is at 10$ per ounce/

OK so there is no real difference in the bullion value per dollar,( UNLESS YOU ARE BUYING THOUSANDS OF OUNCES.

That is until you come to dollars which are 7.70 cents per each in silver at 10 per ounce. yet is the extra 47 cents in bullion worth paying a premium of 3 dollars unless you are getting something with real numismatic value? Don't let anyone kid you. if silver goes through the roof, all these coins will be melted as their Bullion value climbs past their numismatic value. ( EVEN THE BETTER COINS)

NOTES. Generally speaking dimes will be more worn then quarters and quarters more worn out then halves when you are buying bags of coins or rolls that you can not see, reason being a dime was a lot of money back in 1940s-60s and so the dime was in all the vending machines and in pockets, next were the quarters and finally the halves, so when looking for bullion value understand that an ideal sack of quarters, say at 100 ounces worth should have about 72.3 ounce of silver in it, but due to wear you could have substantially less even as much as 10-20% less if they are worn flat so do not let these guys kid you as far as the bullion is concerned. MOST DEALERS ARE LIARS WHO HAVE TO TURN STUFF QUICKLY.

OK BULLION: BARS,ROUNDS and other non denominated stuff

.999 is best, Sterling is good but folks can not think anymore, so getting someone to understand the value of something that is .99999 percent silver will be easier then getting a brain strain with a guy who simply can not understand that Sterling is .925

That being said. THE MOST YOU SHOULD EVER PAY OVER SPOT IS .50 anyone charging over that is a thief right now. ( the exception is for Numismatic stuff sometimes)
The fact is in a rising market these guys are hoping to make a killing and they are digging out stuff they bought several weeks months or even years ago, and they could be making a profit at spot even. if you stumble on \some one selling for a bunch over spot, just pass on by thank him for his time and keep looking. Don't forget the Internet..

Exception: When silver starts to move 75 cents or more per day, silver bugs are skittish creatures, especially the ones who still a to dim to see silver itself as MONEY. Sometimes they will be wanting to sell at under the current spot just so they do not get burned, and sometimes they will be selling well over spot because they are speculating that to sell for less would loose money tomorrow. ANYHOW.. there are plenty of sellers so be patient.. but not so patient that you watch your opportunity to protect your family from the coming collapse of the Dollar.

PAY OFF ALL DEBT>

Save 10% of what ever you make. Put it in a box
After this 10% equals a house payment, Continue to save 10% only put 5% in the Box and 2.5% in metals, and 2.5 percent in survival stuff, After you have 6 months of House payments, put 5% in metals and 5% in Survival stuff, ( call for a list). ANYTHING EXTRA put into Survival Stuff and Metals, sit back and enjoy the ride.

P.S. LOOK UP CHRISTIAN FOR YOUR REDEMPTION DRAWETH NIGH.

the preacher...