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Does Face Value Matter When Buying Gold and Silver Coins?


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2014 Sep 10, 9:29pm   14,939 views  59 comments

by smaulgld   ➕follow (4)   💰tip   ignore  

Government minted silver and gold coins are generally considered legal tender in their country of issuance.

The silver and gold content of the coins, however, vastly exceeds the numbers printed on the coins by the government issuer.

The Canadian Mint produces a one ounce coin marked $5. The US mint produces a one ounce coin market $1.
The Canadian Mint also produces a quarter ounce coin marked $20.

Does this matter at all?

https://smaulgld.com/american-silver-eagles-vs-canadian-silver-eagle-coins/

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54   smaulgld   2014 Sep 12, 7:26am  

deepcgi says

The only reason paper and physical cost the same is so that the real stuff can be leveraged against to the greatest extent the market will bear, but the hardcore bugs don't feel that way. Neither do the Chinese. Neither do I.

Gold and silver and manipulation has gone on for hundreds of years. Gold was fixed at $35 an ounce from 1934-1971

Gold and silver are competition to the fiat currencies, so fiat currencies are used to suppress their prices.

55   indigenous   2014 Sep 12, 7:27am  

The Professor says

For how long?

Up until the point that the mutts say the king is buck naked...

56   smaulgld   2014 Sep 12, 5:18pm  

indigenous says

The Professor says

For how long?

Up until the point that the mutts say the king is buck naked...

Or until physical demand overwhelms paper shorts

57   indigenous   2014 Sep 12, 5:24pm  

smaulgld says

Or until physical demand overwhelms paper shorts

Same difference

58   smaulgld   2014 Sep 12, 9:57pm  

Central bank in battle against deflation

U.S. sees Europe deflation risk, plans G20 bid to boost global demand

http://uk.mobile.reuters.com/article/idUKKBN0H72HR20140912?irpc=932

59   smaulgld   2014 Sep 12, 10:18pm  

Nothing new but a new article by schiff re
Central banks attack on deflation
http://www.lewrockwell.com/2014/09/peter-schiff/get-ready-for-runaway-inflation/

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