expired Posted by bridge12219 • Feb 16, 2024
Feb 16, 2024 10:33 PM
Item 1 of 1
expired Posted by bridge12219 • Feb 16, 2024
Feb 16, 2024 10:33 PM
Costco Members: 20-Count 1 Troy Ounce American Eagle Silver Coin (2024)
+ Free Shipping$550
$550
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"Why Do I Have to Pay More than the Spot Price?
Simple Answer: Because "spot price" is the bulk rate for a large bar . Further, "spot price" does not include shipping, commission. or insurance to get actual precious metal into your hands. The large bars are, instead, held in a depository far away. Government and private mints buy large bars off the market and from refiners, then they produce "rounds" in the correct fineness before they are stamped out in a press under 100 to 150 tons pressure. Obviously, the smaller the coin, the more cost to mint it, per economies of scale. Analogy: A bushel of wheat costs much less than a loaf of bread; one is in the raw state, the other required careful work/cost to produce. Then, after the coins are minted, there are distribution costs that must be covered which also add to the "coin premium.""
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If US dollars fail, we will be in a sort of trouble a safe full of silver eagles won't solve. That said, I'm not entirely vested in fiat either, but I don't own physical silver or gold.
...if it comes to a barter situation, I'd rather have ammunition, fuel, and food to be honest.
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How exciting!
Wait, do they do this with special $100 bills too? Can I buy fresh $100 bills for $117 each? Please do share if so!!
But yes it's very cyclical so you want to catch the bull markets, and you don't want to buy after it's gone up 1000% cause it's likely to go down or do nothing for 10 years.
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Here follow the trail. 1969 it was a low of $1.56 and a high of $2.04 as inflation started due to the gold standard being abolished it took more dollars to buy the same silver. Today it takes about $25 to buy an ounce. So the value of the dollar has declined tremendously. As someone stated don't trust the Fed. They're a private entity, the Federal Reserve and the 12 banks that make up the Fed.
Silver is a solid investment going against the Fed Dollar.
https://www.moneymetals
Even at this price it's a good investment. Especially to bet against the Biden economy as he crashes the nation.
Here follow the trail. 1969 it was a low of $1.56 and a high of $2.04 as inflation started due to the gold standard being abolished it took more dollars to buy the same silver. Today it takes about $25 to buy an ounce. So the value of the dollar has declined tremendously. As someone stated don't trust the Fed. They're a private entity, the Federal Reserve and the 12 banks that make up the Fed.
Silver is a solid investment going against the Fed Dollar.
https://www.moneymetals
Even at this price it's a good investment. Especially to bet against the Biden economy as he crashes the nation.
Inflation adjust historical price of silver:https://www.macrotrends
There's zero connection between inflation and price of sliver
If it had said that I wouldn't have clicked since I don't have Costco.
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