Junk Silver Is A Good Buy
July 23, 2012 by Bob Livingston
You constantly preach that we should buy gold. Iâ€™m on a fixed income and could not possibly buy even an ounce.
A: I realize that gold is expensive for many people. You should consider buying some silver. I actually think silver is poised to provide a better return in the short term. It will also be easier to use as a medium of exchange if/when the economy collapses. You can go to a local coin dealer and buy a few junk silver coins at a time. Pre-1964 dimes, quarters, half-dollars and dollars comprise junk silver. It costs more than its face value because of its silver content. For example, you can expect to pay the current per-ounce value of silver (or maybe with a slight markup, depending on the dealer) for a silver dollar (about $27). The half-dollar would be about $13, the quarter about $6.75, the dime about $2.70. I envision people buying bread for a silver dime when our fiat currency collapses and becomes worthless.