Junk Silver coins and silver or gold bullion are the ways I would use to fight inflation and protect my
income and assets from losing their value in times of high inflation or strife. When the dollar goes
south precious metals go up. Silver is expected to rise faster than gold because silver is undervalued
in comparison to gold.
For small purchases, like buying a loaf of bread or what ever "Junk silver coins" also known as "
survival coins" are best. They are worn or have no collectors value and are among the cheapest ways
to buy. Bullion bars are the very cheapest per oz. are used to make house, car, and other large
payments. Numismatic gold and silver is not going to do much when times are tough. People will want
to know how many troy ounces there are and use that as their value. For example: I have seen 1 oz.
silver coins sell for over $100. The silver content is worth about $18 Aug. 2010. If you buy junk coins
at $3 per oz. over spot and silver later goes to $25 an oz. You paid $21 and may only get $22. You
still have a $1 dollar profit. The numismatic coin may bring some over spot but most merchants will
give you about spot. A loss of about $75 when you need funds right now.
When you buy coins they should be what are popular and the value known by the local merchants
and the general public in your area. Bullion should be stamped with the number of troy oz. and
fineness. I.E. .99% pure or similar.
There are money cycles to watch that predicts when things are likely to fall apart. 2011 is
predicted to be bad and stay that way till Dec. 2012. Isn't that when the Mayan calendar ends?
Things should gradually improve afterward. Read the following reports. They explain why silver
is your best bet for safety and covers the money cycles that come around every so many years.
