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RE: Wake up to the dangers of a deepening crisis

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RE: Wake up to the dangers of a deepening crisis
by Dagmar at 3:30 am EST, Nov 29, 2007

Decius wrote:
I met an old German man on a plane a couple months ago who collects gold coins... Not because he is interested in them, but because he sees it as an insurance mechanism in the event of a cataclysm. I told him that I hope things like that don't happen anymore. When I got home I googled US gold coins. You'd be amazed what a single gold coin marked $5 goes for new.

No, actually I wouldn't. They're made of gold, and $5 of gold wouldn't be enough to make a half a dime. We can'y make pennies without the copper being worth 10x the face value of the coin without hollowing them out and filling them with zinc/nickel. Most importantly, you're generally supposed to be able to take gold coins to a jeweler or a pawn shop and be able to sell them for their value in weight.

RE: Wake up to the dangers of a deepening crisis


 
 
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