I have seen the topic of buying survival silver coins appearing more on financial forums. While there is nothing official about “survival silver coins”, it’s a good idea to keep a supply of them around in case the banking system is closed, a natural disaster hits your areas, or political instability happens. It’s like having an emergency supply of water, food, clothing, etc.on hand So what is “survival silver”? Prior to 1965, US coins were minted with 90% pure silver and today these worn and circulated coins are referred to as junk silver. Coins with a date of 1964 or earlier were made of 90% pure silver.
Most people who buy silver bullion coins do so for three main reasons-as an investment vehicle, a hedge against inflation, or for survival purposes. The concern of most people is the safe return of their money as opposed to the rate of return. Governments that start out with good intentions become hungry monsters that eat up their citizens savings through taxation and inflation.
People who purchase gold and silver coins for survival purposes are expecting the worst case scenarios that have happened throughout the centuries. While I am not one prone to fall prey to conspiracy theories, it is quite clear in reading the daily news that that the entire civilized world that relies on the US dollar is in severe trouble.. Everyday I read online news sources and there are several articles daily about the world financial troubles. Between the years 2008 through 2011, the US money supply has increased 3 fold.. Given the fact that the fiat currencies have a life expectancy averaging 27 years tells me that the US dollar is in deep trouble The United State of America went off the gold standard in 1971 when President Richard Nixon signed a bill into law to prevent foreign nations from turning in excess dollars in exchange for gold
Paraguay and Argentina barred the doors to their banks in 2002 to prevent a run on the currency. The few people that had the foresight to save part of their money in hard assets like gold and silver fared very well. In time, the banks opened and allowed the depositors to withdraw a limited amount of money Simultaneously the Argentinian peso and the Paraguayan guarani plummeted in value Brazil followed suit shortly after and be defaulted on its huge international debt and they are currency also tanked.
Similar to a forest fire burning excess ground cover and dead trees, the free market when left to do it’s work cleans up the financial chaos. Greedy individuals never seem to learn the lessons of history when they try to control the free market as they usually get toppled or thrown out. Unfortunately, dictatorships often take over the failing government.
I am not a political or historical expert. I have read what has been repeated dozens of time throughout history by greedy politicians and corrupt bankers. Survivalist prefer tangible assets that have practical uses such an automobile, garden tools, fuel, land, or livestock. Having part of your assets in junk survival silver will make the acquisition of desirable goods and services easier to obtain.
Where To Get The Best Deals On Survival Junk Silver Coins
Local Coin Shops
The first place that I would look for bargains is at your local coin shop because their overhead cost is much lower than large online coin dealers. While I have links here on my site for buying junk silver coins, I believe that you should get to know your local coin dealer and build a relationship with him or her. The benefits of personal relationships with local vendors will be priceless during turbulent times. I buy my silver bullion coins both online and from a local jeweler and coin dealer. I like to be known by these local businessmen, but not really “well known”. While I prefer making silver purchases locally, buying online has many advantages such not broadcasting to everyone in the neighborhood that you are storing up survival silver under the foundation of your home.
Golden Eagle Coin
I have been able to capitalize off small dips in the spot price of silver and purchase online at the spot price.
Golden Eagle Coin is a locally owned company started by two coin enthusiasts that has grown into one of the most respected gold and silver companies in the United States. They offer both junk silver coins for survival and numismatic coins for those interested in the collectable aspect of coins. Golden Eagle Coin has a better selection than most local coin shops and yet still will serve your needs just like the local coin shops.
If our economy ever goes back to trade and barter, making change is going to be important so be sure to buy junk silver dimes, quarters, and half dollars to make this process easier.
