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Have you ever heard the term “Junk” Silver? That’s the commonly used name for US coins that were produced back when Uncle Sam had some integrity, and put real silver in our dimes, quarters, half dollars, etc. Well, it’s not junk and for a couple reasons.
Any dime, quarter, or half dollar minted before 1965 is 90% silver, and 10% copper. Then after the coinage act, 1965 – 70 minted coins only had 40% silver. After that? Now that’s true junk. Our coins are a mix of base metals, but nothing precious in them. They’re only “worth” what Uncle Sam says they are.
Hey Everyone, the free investing newsletter is posted. Today we're discussing the metals, such as silver and gold and how one of our "Vegas plays" had turned an investment of 19K into a whopping 240,000 dollars in 8 months. Yes you read that right, that's not a misprint.
I want to talk about strategy and how sometimes the best intentions go awry. Take a few minutes to read it and learn one of my investing rules... a rule that I actually broke. And why.
NOTE>>> I have a lot to say about this Ebola thing, but since it just hit the US on Tuesday, I’m not prepared. But this weekend I’m going to talk about the entire situation. Stay tuned.
We've created a Facebook page where I'm going to be making comments about the market on a fairly consistent basis. So please go there and do the "like" thing so that any alerts or market comments I make show up on your page.