Yesterday, I made a Squidoo lens which I entitled
Silver Coins Value Chart.
This is post about a new hobby that I am very much into.. in fact it's a hobby that I think is just about the most profitable hobby for collectors, that you can be into.
Wait for it!..
It's collecting coins of value.
For a while now there has been some debate over the actual value of paper money. Obviously the various Governments of the world are able to print as much of it as they want. That combined with very low interest rates means that every unit of currency.. call it $ for now, are actually worth less every day you hold on to them. Why? Well say interest is 1% and inflation is 2% - well your dollar is actually worth less (has less buying power - month on month)
I believe the answer is to have a holding of silver either as bullion (basic coins) or in specialist silver dollars.
It's amazing to see that the buying power of a silver dollar (worth some $30 odd per piece) is the same as it was when it was originally worth - $1 (That's because the content of actual silver is worth as I said, around $30) And,,, experts say it's only going to increase in value.
So I have a bit of fun.. I collect silver dollars, I love having them, and it looks like they will only go up and up in value. Seems like I am doing something very sensible!
Check out my squidoo page, for more!
CONTENTS AT A GLANCE
- Where Buy Silver
- US Silver Coins Value
- Silver American Eagle Price Charts
- Buying Silver Coins
- My Favourite Site For A Silver Business...
- Home Business Silver
- Robert Kiyosaki