Saturday, November 13, 2004

Silver

Yesterday I went out and bought my first bit of silver. Seeing as I am not terribly wealthy I cant afford to buy much so I figure $50 a week will provide me with a little bit of a 'saftey net.' Spot price was $7.62 per ounce with a spread of .89 per coin, total of 8.68 per coin after tax. The state no longer taxes precious metal coins, bars or bullion, but the city does.

I found a coin from Norfed in the bin. The Liberty Dollar has a face value of $10. I highly urge all my readers to visit their local coin dealers and look for these coins. $1.42 profit if you take that coin and go down to the local merchants and spend it. Not only do you turn a profit, but you are helping to raise awareness about the Federal Reserve and alternatives to it.