patrick.net

Just looked it up. You can buy junk silver for about 22 times face value. A gallon of gas will cost you a quarter.

B.A.C.A.H. says

Not in California, because taxes have become so much a part of the gasoline price.

Those public employee benefits are freaking expensive.

My understanding is that if you purchase gold or silver in an amount costing more than $1500 USD, it doesn't count as "jewelry" and so isn't taxed. That said, if you could, it might be wise to make these purchases without the knowledge of various governments. If you purchase in an amount exceeding $10k USD then there are requirements to reporting to the federal government, so that is something to think about too.

There are 0.72 Troy OZ in a face-value dollar worth of dimes, quarters, and halves. There is 0.77 Troy OZ in a silver dollar.

Given today's silver price, a silver dime is worth 0.10 x 0.72 x $18.91 = $1.36

Camino Coin of Burlingame is a big-time dealer. Walk in with a stack of currency or call ahead if you're concerned. They also buy/sell sports memorabilia as well, which probably takes a little heat off people walking out. They have been around from the tail end of the gold rush ... really!

Their website is: https://caminocompany.com/
Avoid the squatter-company whose address is just the concatenation of Camino and Coin. (Ha! They aren't even using SSL!)

SunnyvaleCA says

Given today's silver price, a silver dime is worth 0.10 x 0.72 x $18.91 = $1.36

Try to buy one for less than two bucks.

SunnyvaleCA says

My understanding is that if you purchase gold or silver in an amount costing more than $1500 USD, it doesn't count as "jewelry" and so isn't taxed. That said, if you could, it might be wise to make these purchases without the knowledge of various governments. If you purchase in an amount exceeding $10k USD then there are requirements to reporting to the federal government, so that is something to think about too.

I think you missed my point.
California keeps adding taxes to the gasoline price so the rate of increase in the overall price consumers pay at the pump (in California) exceeds inflation.

ad says

The amount of silver and value of a silver dime is equivalent to the cost of a gallon of gas since the dime entered circulation.

It's close enough that the point has been made:

We would have almost no inflation if we had physical silver currency once again.

Taxes and things like Bidet shutting off the Keystone Pipeline can increase prices, but those are easily reversible with better policies.

My friend has a lot of silver he bought at $45 per ounce to sell to you.

cisTits says

Anyone know a good site to purchase junk silver (pre-1964 silver dimes, etc)?

Don't want to buy from anyone to avoid getting ripped off.

@cisTits

These are the guys I've used, but you would likely need to order today, guessing this will sell out fast:

Here's the special offer. VPM will sell $150 face value US 90% silver dimes (1,500 dimes) or quarters (600 quarters), our choice of denominations, containing 107.25 ounces of silver for $19.93 per dollar face value, a total of $2,989.25 plus $25 for shipping, i.e., $3,014.25 total.

One more thing: immediate delivery. Deliveries for one ounce silver rounds and ten ounce and 100 ounce bars have now stretched out to early January, eight weeks if you're lucky. Most of this coin is already sitting at VPM, and the rest will arrive in three days, so these coins can ship as soon as your payment clears, by Fed Ex two day service.

Please note this is a fixed price offer based on spot silver at $18.81.

Whatever the spot silver price, this offer's price will not change.

HOW TO ORDER:

** Call VPM at (888) 661-4093.

** Tell us how many lots you'd like.

** You cannot specify dimes or quarters.

** We will take orders on a first-come, first-served basis. Price is valid only as long as the supply lasts. We have only thirty (30) lots.

The following other conditions apply

Special Conditions:

Sorry, we will not take orders for less than one lot. Fine to send a personal check, but if you do your order will probably take four weeks to arrive.

ORDERING INSTRUCTIONS:

1. You may order by phone only, (888) 661-4093. Sorry, we can't ship outside the US or to states that charge sales tax, including HI, KY, ME, MN, MS, NV, NJ, NM, VT, WI, and DC. Tennessee no longer charges sales tax on gold and silver.

2. When you buy from us, we cannot later change or cancel the trade. We are giving you our word that we will sell at that price, & you are giving us your word that you will buy at that price, regardless what later happens in the market, up or down.

If you break your word to us, we will never again do business with you.

3. Once your order is filled, we will e-mail you a confirmation.

4. You may send payment by bank wire or personal check. We allow ten days for your check to clear after it reaches us.

5. We will ship by Fed Ex within approximately days of receiving your wire,

but due to insurance restrictions cannot ship on Thursdays or Friday.

SunnyvaleCA says

If you purchase in an amount exceeding $10k USD then there are requirements to reporting to the federal government, so that is something to think about too.

Depends on how you pay:

Everything is exempt from reporting when you buy gold or silver, unless you pay more than $10,000 in cash. Even then it's not your gold or silver purchase that must be reported, only the cash transaction. Contrary to the scare stories, very few things are reportable when you sell. Under 26 CFR 1.6045-1 and Rev.Proc. 92-103, dealers need only report customer sales of 25 or more (but not fewer) Krugerrands, Maple Leaves, or Mexican Onzas, five bag lots ($5,000 face value} of US 90% silver coin, kilo gold bars, 100 oz. gold bars, 1,000 oz. silver bars, or 50 oz. or 100 oz. of platinum. If you sell lots smaller than these, the dealer reports nothing.

cisTits says

Anyone know a good site to purchase junk silver (pre-1964 silver dimes, etc)?

Don't want to buy from anyone to avoid getting ripped off.

@cisTits

This shop is near me and gives fair prices:

http://www.mishinternational.com/

They deliver.

Onvacation says

Try to buy one for less than two bucks

NuttBoxer says

silver for $19.93 per dollar face value

I stand corrected! $1.93 plus shipping when you buy in bulk.

clambo says

My friend has a lot of silver he bought at $45 per ounce to sell to you.

Should buy silver based on dollar cost average not at the peak price which is around $45

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I dunno, bros. Like clambo pointed out, every time the preppers and gold bugs and silver bugs buy in a big way, it's been a peak.

Maybe "it's different this time." (Like Bay Area Real Estate).

I appreciate this link: http://www.mishinternational.com/

Where else is good to buy silver through the internet such as silver bars and silver eagle coins ?

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B.A.C.A.H. says

I dunno, bros. Like clambo pointed out, every time the preppers and gold bugs and silver bugs buy in a big way, it's been a peak.

If we get to Mad Max type environment then I don't think silver will matter much. I think it will come down to bartering of goods you can use like trade a can of beans for some potable or drinkable water.

I don't think we'll have enough stability where people will agree to use silver as a medium of exchange or a replacement for fiat currency like the US Dollar or EU.

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ad says

Where else is good to buy silver through the internet such as silver bars and silver eagle coins ?

The Internet because it's anonymous? You're better off bringing cash to the local silver shop.

Onvacation says

Where else is good to buy silver through the internet such as silver bars and silver eagle coins ?

The Internet because it's anonymous? You're better off bringing cash to the local silver shop.

I was asking what other websites are there that are good as far as buying silver like silver bars and silver coins.
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ad says

I don't think we'll have enough stability where people will agree to use silver as a medium of exchange or a replacement for fiat currency like the US Dollar or EU.

Another reason not to hoard this "industrial metal".

B.A.C.A.H. says

Another reason not to hoard this "industrial metal".

If there is a collapse of society, I just don't think even silver is going to be of enough value to be freely used for bartering, even if it is an "industrial application material" in the pre-collapsed world.

Society would have to be well on the road of recovery for silver and gold to be considered a medium of exchange.

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You think people are buying silver and gold for the collapse. That's why you're struggling to understand. It could be valuable as things are going down to trade for something you need, maybe even transportation. But most people are buying it for after the collapse. Do you want to come out on the other side penniless? Or ahead of majority of the population? Those of us who have our food, shelter, security, and water already provided for, are going to use the extra to buy up assets for next to nothing from those who are desperate, and to rebuild the world on the other side.

What will your digital account balances be worth? What about your paper once people stop taking it? I guess my struggle is to understand what alternatives you're thinking of to avoid destitution?

ad says

If there is a collapse of society, I just don't think even silver is going to be of enough value to be freely used for bartering, even if it is an "industrial application material" in the pre-collapsed world.

Society would have to be well on the road of recovery for silver and gold to be considered a medium of exchange.

NuttBoxer says

You think people are buying silver and gold for the collapse. That's why you're struggling to understand. It could be valuable as things are going down to trade for something you need, maybe even transportation. But most people are buying it for after the collapse. Do you want to come out on the other side penniless? Or ahead of majority of the population? Those of us who have our food, shelter, security, and water already provided for, are going to use the extra to buy up assets for next to nothing from those who are desperate, and to rebuild the world on the other side.

Different views.

I don't think someone would trade gasoline or food with me for silver. Bullets, potable water, maybe. Maybe trade their SUV for a dirtbike.

Silver? Gold? Call me a clueless podunk stupid person, I don't care. It's just my opinion.

What is your plan to avoid financial disaster in the face of a increasingly unstable world economy, built on the largest bubble ever blown in credit history? I see many potential mitigations, but they all require a willingness to separate from the current system.

NuttBoxer says

What is your plan to avoid financial disaster in the face of a increasingly unstable world economy, built on the largest bubble ever blown in credit history? I see many potential mitigations, but they all require a willingness to separate from the current system.

This never made sense to me. Maybe if you hold fiat currency only and have that imo crazy belief that the dollar will be worthless soon against other currencies (currently it's going the opposite way), you may lose it all, but most people have assets, houses, stocks, maybe precious metals. Any asset of any practical value will sell and convert to whatever the new currency du jour is. How do you see people losing everything? I'm not disputing money printing and debt has debased our currency and that most countries have too much debt (/gdp), but assets will always retain their intrinsic worth, so will services people can provide, if they are able ad willing to work, where's the "collapse"?

NuttBoxer says

rebuild the world on the other side.

Build Back Better?

Is the crash and the turmoil inevitable? Will our world become MORE dystopian? Mad Max?

rhetorical

NuttBoxer says

I see many potential mitigations, but they all require a willingness to separate from the current system.

I think the decoupling from the 2009 past of zero interest rate policy (ZIRP) and quantitative easing is going to happen to the point that the Fed will keep the Fed Funds rate at least at 4.5%. They are willing to see house prices drop at least 20% to 25%.

The stock market already had its pandemic gains wiped out when you account for inflation.

The question is, will the economy barely survive all of this or will the Fed have to come in and lower rates to 0.25% again ?

I hope asset prices like stocks and housing correct without causing a collapse of the economy.

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NuttBoxer says

What is your plan to avoid financial disaster in the face of a increasingly unstable world economy,

Everyone should have yams, ammo, Krugerrands and Claymores ready.

NuttBoxer says

What is your plan to avoid financial disaster in the face of a increasingly unstable world economy, built on the largest bubble ever blown in credit history? I see many potential mitigations, but they all require a willingness to separate from the current system.

It could get ugly. Some years ago I read as much as I could get my eyeballs on,about the Great Inflation in Weimar Germany. Mainly from esoteric out of print books buried in the stacks of the main library. That crisis lasted two years.

We pretty much would have to go off the grid, be self sufficient for water and food and everything else, to be unaffected. And even then with a David Koresh kind of prepper's arsenal we still might not be able to fight off others to defend our hoard.

So that leaves dealing with it the rest of civilization. One thing I learned in the Financial Crisis was that sovereign states made good on their versions of FDIC type deposit insurance: Greece, Cyprus, Iceland. Maybe the daily withdrawal amounts were limited. Maybe (like in Iceland) the purchasing power of the deposits shrunk with super high inflation. But small depositors (ie, not Russian oligarchs who deposited large amounts in Cypriot banks) were made whole.

Regarding hoarding precious metals, the US government already seized gold in 1934. They can do so again. Or else (more likely, in my opinion) they can tax the redemption of it so heavily that it won't be an effective hedge-hoard. Maybe retailers of gasoline and food (and electricity) will accept silver bullion for more than the face value of it on the coins. Maybe. What do you think?

Phillips Curve applies. So Fed was referring to how 2% to 3% inflation will result in higher unemployment.
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ad says

Phillips Curve applies. So Fed was referring to how 2% to 3% inflation will result in higher unemployment.
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Yeah but we do not have an unemployment problem at all in this recession, it's purely inflationary. In fact it's the opposite, we don't have enough workers for essential services as people have left the workforce in droves, moved back in with their parents or stay in a roommate situation forever or found a way to get by by abandoning the quest for keeping up with the joneses and instead focus on exploiting the leftoid welfare/disability state, stimmy checks and section 8. Or just steal regularly under $950 to make a living, tax free. There aren't any mass layoffs and there won't be any, this is a dysfunct economy of the unwilling to work, and some like truck drivers priced out of work, caused by leftoid marxism. Good news is you can always make money if you know how to hustle. Bad news is you are up against 8% inflation pa, few will beat it but it's def possible if you work hard and invest smart.

mell says

. Or just steal regularly under $950 to make a living, tax free. There aren't any mass layoffs and there won't be any, this is a dysfunct economy of the unwilling to work, caused by leftoid marxism.

Yeah,the latest generation is not into the rat race as much and are not looking to impress their high school classmates at their 5 or 10 year high school reunion.

Woke statist groups funded with Chicom and Soros money promote tolerance of substance abuse, freeloading, and mental illness as alternative lifestyles.

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B.A.C.A.H. says

I don't think someone would trade gasoline or food with me for silver.

Yep, an average person nowadays has no experience to tell real silver from some other alloy, so they most probably won't accept it.

mell says

This never made sense to me. Maybe if you hold fiat currency only and have that imo crazy belief that the dollar will be worthless soon against other currencies (currently it's going the opposite way), you may lose it all, but most people have assets, houses, stocks, maybe precious metals. Any asset of any practical value will sell and convert to whatever the new currency du jour is. How do you see people losing everything? I'm not disputing money printing and debt has debased our currency and that most countries have too much debt (/gdp), but assets will always retain their intrinsic worth, so will services people can provide, if they are able ad willing to work, where's the "collapse"?

The US dollar is the reserve fiat paper that backs all the other fiat papers. If it goes down, they all do.
Do you really own your house? No mortgage, no taxes? If not, and your ability to make those payments is wiped out, how will you keep it? A collapse of the fiat is really a collapse of the system, an unwinding of all the debt. Every business that borrows goes under. No more Ubers in the red for years but still operational. Unless you work for yourself, your job likely will be gone, or you'll be competing with more people than ever for what's left. Are you in the top 1% of your field? And that's assuming your field isn't wiped out entirely.

Assuming the company you hold stock in doesn't go under, the re-valuation to non-inflation levels will still likely cause you to lose 90% of the value. Unless you are Warren Buffet, you lose everything.

But you don't need my opinion, read for yourself how people have fared during currency collapses. History is lined with examples.

B.A.C.A.H. says

One thing I learned in the Financial Crisis was that sovereign states made good on their versions of FDIC type deposit insurance:

And if all they have to give you is Weimer style wheel barrels full of paper?

B.A.C.A.H. says

Regarding hoarding precious metals, the US government already seized gold in 1934. They can do so again. Or else (more likely, in my opinion) they can tax the redemption of it so heavily that it won't be an effective hedge-hoard. Maybe retailers of gasoline and food (and electricity) will accept silver bullion for more than the face value of it on the coins. Maybe. What do you think?

They don't need to seize gold and silver, they just need to roll out the CDBC's, and for force everyone to use them.
If you're "redeeming" metal for paper in a crises situation, you're going the wrong way. If you're talking post-crisis, a high tax would just keep all the action in the black markets, and cause their markets to collapse. They need our labor, our time, our abilities. They can't do shit without us.

I think people will barter in what has value, and the more easily divisible, the better. There was such revulsion against paper money after the Revolution that the idea had to be buried until people had forgotten. This will be worse, and the stigma in people's minds will be far sharper, and last far longer. After this collapse, I don't see paper money or central banks having any place left in this world for at least a hundred years.

Hugh_Mongous says

Yep, an average person nowadays has no experience to tell real silver from some other alloy, so they most probably won't accept it.

Those of us who do are the same ones who've been stocking up. It will be our market, and because we know the value, they'll learn it because that's the only way they'll be able to get what we have.

NuttBoxer says

Those of us who do are the same ones who've been stocking up. It will be our market, and because we know the value, they'll learn it because that's the only way they'll be able to get what we have.

And the rest of us will keep collecting the interest you pay in taxes and loans, and the dividends you pay when buying services and stuff, including even the mining companies, the gun companies and whatnot.

NuttBoxer says

I don't see paper money or central banks having any place left in this world for at least a hundred years.

So you see that much of an economic collapse within the next 50 years to result in this ?

Milton Friedman wrote about how both parties of a transaction have to believe they got a fair deal in order to maintain a healthy free enterprise system and economy.

If there is that much of a Mad Max style collapse, then economy will be based on bartering to the lowest level of survivability which is potable water, food, shelter, housing, and medical care.

It will be interesting to see how so one barters with a medical doctor to get urgent care for a wound based on them only having 10 egg laying chickens.

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NuttBoxer says

The US dollar is the reserve fiat paper that backs all the other fiat papers. If it goes down, they all do.
Do you really own your house? No mortgage, no taxes? If not, and your ability to make those payments is wiped out, how will you keep it?

No it won't go down, all fiat currencies debase from money printing, but some more than others as they print more which causes the current run on the dollar you're seeing. Your wages and assets go up, as long as there isn't a supply problem of goods and services how can there be a collapse? Your mortgage is denominated in the same fiat so it will adjust. Once the majority of earth's inhabitants don't want to have anything to do with the greenback then we'll have a problem. Currently it's looking like the opposite. Doesn't mean what the Fed is doing is ok or good in any way, but the dollar's demise has been called too many times with nothing to show for. The Euro is worth 98 cents right now, you can live very well in Europe drawing an American salary atm, almost like a king.

NuttBoxer says

Hugh_Mongous says

Yep, an average person nowadays has no experience to tell real silver from some other alloy, so they most probably won't accept it.

Those of us who do are the same ones who've been stocking up. It will be our market, and because we know the value, they'll learn it because that's the only way they'll be able to get what we have.

I don't see how are you going to persuade somebody who has something real like food, energy or clothes you need that these old worn coins are worth more than what is written on them. "Son, it says 25 cents right there on the coin you gave me so why should I believe you that it's really $10? I'll just keep my jerry can of gasoline thankyouverymuch".

B.A.C.A.H. says

And the rest of us will keep collecting the interest you pay in taxes and loans, and the dividends you pay when buying services and stuff, including even the mining companies, the gun companies and whatnot.

Why would you get a cut of the taxes? As far as loans, if you can't afford your lifestyle, you should make changes before you start investing. There are a number of people who have operated outside the financial slave system for some time now, and that is only going to grow. Those people won't be contributing anything, but even for those who do, how does any of that benefit you?