...Hey everyone, our 3rd grade son, Jack, just got the lead child part in the Troy University production of "The Music Man." Jack is going to play the part that Ronnie Howard played when he was about the same age!
But tonight Jack is playing basketball for the Cavs. I've got to run help coach the team!
True story! In the 1920s, my parents considered buying a candy store in Chicago Illinois. They went to inspect the property and were amazed at the number of children that were coming to buy candy for a penny a piece.. then somehow they discovered that the owner had a friend passing out pennies to the kids in the neighborhood to pump up the value of the candy store! I wish I had remembered the story to put in my autobiography!
I had acquired a lot (for me) of silver. When it hit $48 an oz I sold, making a tidy profit. When it tanked, I started collecting it again. You are right that the market is rigged. JPMorgan has 200 million ounces in its vaults, and it can manipulate the market any way it wants. I collect it anyway. It’s pretty.
They rig it through the paper futures markets. They don't want a run on gold and silver so they pound home the message nobody is going to benefit by acquiring silver. They are protecting the printing press IMO.
But I had some baseball and football cards when I was 8, 9 and 10. My mom wanted me to throw them out. I told her they'd be worth something, someday.
I sold some when we bought our house twenty years later. It helped with the down payment.
I kept about 1000 cards. They help me remember being that age. When you come to visit me, I'll show you these.
My older brother threw his cards out. They'd have been more valuable than mine.
I used to have Willie Mays and Walt Frazier autographs. They each came to a local store and sat there for a couple of hours, signing. They probably got paid a couple hundred bucks. Today's athletes don't do this stuff. They make way more money in salary.
I'm not sure if I have those anymore. If I do, they're in a box in my basement.
When we talk, I can tell you a funny story about a basketball jersey I bought in a thrift store. And an error I made that was bigger than your coin divestiture.
I never seriously collected baseball cards, but had a shoe box or two at one time. I had a great album collection and I learned from a recent yard sale that people will pay pretty good money for some of these old albums.
My Mom threw all of those away.
I also had a Daniel Moore print of Coach Paul Bear Bryant that Coach Bryant himself signed. He didn't sign many before he died. I sold that too at an Estate Sale I needed to do to raise money.
It can't be bigger than my silver coin divestiture. I still think silver - once the manipulation program is exposed - will go to at least $100/ounce, perhaps more. I would be a multi-millionaire. Sigh.
Lifesavers (round life-saver shaped candy) used to be a thing - 5 cents at the corner pharmacy, 4 cents down at Meijers ('Meijers Thrifty Acres' - a chain in the Midwest) in a little stacked pack of like 10 ... this would have been early 1970's
You're too kind on Johnson. Many would argue that the sovereign silver backed dollar is one of the reasons JFK got whacked and Lyndon was brought in to "save" the privately run Fed (ditto Pompidou, the ex-Rothschild banker, who conveniently replaced De Gaulle who had the gall to nationalise Banque de France). Any ressemblance to the current treacherous presidency of a Rothschild "banker" is no doubt fortuitous...
I also think the government quit making nickels with nickel a decade or so ago, but I need to check this. It still might be worthwhile to start hoarding nickels of certain dates or getting rolls and finding and keeping the nickels that were made of nickel.
.... A little free investment advice for subscribers to The Troy Citizen and "Bill Rice Jr's Newsletter!"
I actually don't agree with Trump on this one. Yes, it costs more to make pennies than pennies are "worth," but it doesn't cost all that much to make all the pennies we need. And if we eliminate pennies, then everything is going to be priced to the nearest nickel (or to the nearest dime if we eliminate the nickels that are also more expensive to produce than they are worth), and you can bet that everybody is going to round up, which is just a raise in price. The reality is, once we went off the gold standard, the idea that our coins were "worth" anything other than whatever was stamped onto their face sort of disappeared. As you said, we took all the silver out of coins in the 1960s because the melt value was a lot higher than the face values. We could make pennies and nickels out of whatever metal is cheap and easy to produce and could continue to price things to the nearest penny. There's no reason that pennies have to be made out of copper (they've just got a thin copper shell now anyway, with the core not being copper) or nickels be made out of nickel.
Great points. I agree. And I still think central bank digital currency is probably coming - which will eventually get rid of all cash - which is when it's "check mate" for the Globalists and Totalitarians.
CBDC is probably unstoppable in the limit. I’m hoping we have dodged it for a while, but I’m sure it isn’t dead. The DC uniparty wants it as a lever of control. It will be sold based on convenience (“No more fooling with coins!” “Everything is electronic and instantaneous!”) and security (“The drug dealers won’t be able to hide.”), but the reality is that it’s just another way to monitor the people and a tool to punish them for wrongthink. Hitler and Stalin could never have dreamed of such control.
re: "Yes, it costs more to make pennies than pennies are "worth," but it doesn't cost all that much to make all the pennies we need."
I agree with this. AND they are used and re-used, its not like they are a one-time use 'thing'!
re: "We could make pennies and nickels out of whatever metal is cheap and easy to produce and could continue to price things to the nearest penny. There's no reason that pennies have to be made out of copper ... or nickels be made out of nickel."
Agree, and the example is literal 'paper money' - like the dollar bill ON UP to the C-note ... paper!!!!!!
Writing this story made me think I could re-start saving nickels. I bet a lot of people are already doing this and I bet the banks aren't handing out rolls like they used to do without any question.
And you are right. You can find people who will "barter" for silver coins. I've done that too.
You do have lots of good ideas and your heart was in the right place. Your head, too! Another good idea you had was when you married me.
My best idea ever.
...Hey everyone, our 3rd grade son, Jack, just got the lead child part in the Troy University production of "The Music Man." Jack is going to play the part that Ronnie Howard played when he was about the same age!
But tonight Jack is playing basketball for the Cavs. I've got to run help coach the team!
True story! In the 1920s, my parents considered buying a candy store in Chicago Illinois. They went to inspect the property and were amazed at the number of children that were coming to buy candy for a penny a piece.. then somehow they discovered that the owner had a friend passing out pennies to the kids in the neighborhood to pump up the value of the candy store! I wish I had remembered the story to put in my autobiography!
That's the way the real world works!
I had acquired a lot (for me) of silver. When it hit $48 an oz I sold, making a tidy profit. When it tanked, I started collecting it again. You are right that the market is rigged. JPMorgan has 200 million ounces in its vaults, and it can manipulate the market any way it wants. I collect it anyway. It’s pretty.
They rig it through the paper futures markets. They don't want a run on gold and silver so they pound home the message nobody is going to benefit by acquiring silver. They are protecting the printing press IMO.
Whatever they don’t want us to, that’s what we should be doing…
I have no coins.
But I had some baseball and football cards when I was 8, 9 and 10. My mom wanted me to throw them out. I told her they'd be worth something, someday.
I sold some when we bought our house twenty years later. It helped with the down payment.
I kept about 1000 cards. They help me remember being that age. When you come to visit me, I'll show you these.
My older brother threw his cards out. They'd have been more valuable than mine.
I used to have Willie Mays and Walt Frazier autographs. They each came to a local store and sat there for a couple of hours, signing. They probably got paid a couple hundred bucks. Today's athletes don't do this stuff. They make way more money in salary.
I'm not sure if I have those anymore. If I do, they're in a box in my basement.
When we talk, I can tell you a funny story about a basketball jersey I bought in a thrift store. And an error I made that was bigger than your coin divestiture.
I never seriously collected baseball cards, but had a shoe box or two at one time. I had a great album collection and I learned from a recent yard sale that people will pay pretty good money for some of these old albums.
My Mom threw all of those away.
I also had a Daniel Moore print of Coach Paul Bear Bryant that Coach Bryant himself signed. He didn't sign many before he died. I sold that too at an Estate Sale I needed to do to raise money.
It can't be bigger than my silver coin divestiture. I still think silver - once the manipulation program is exposed - will go to at least $100/ounce, perhaps more. I would be a multi-millionaire. Sigh.
I'm 71 and clearly remember penny candy but also remember always hearing the phrase that a nickle isn't nickle it is mostly copper.
https://www.pcgs.com/news/nickel-the-other-precious-metal
Lifesavers (round life-saver shaped candy) used to be a thing - 5 cents at the corner pharmacy, 4 cents down at Meijers ('Meijers Thrifty Acres' - a chain in the Midwest) in a little stacked pack of like 10 ... this would have been early 1970's
I think the copper is more valuable/expensive than the nickel.
You're too kind on Johnson. Many would argue that the sovereign silver backed dollar is one of the reasons JFK got whacked and Lyndon was brought in to "save" the privately run Fed (ditto Pompidou, the ex-Rothschild banker, who conveniently replaced De Gaulle who had the gall to nationalise Banque de France). Any ressemblance to the current treacherous presidency of a Rothschild "banker" is no doubt fortuitous...
I also think the government quit making nickels with nickel a decade or so ago, but I need to check this. It still might be worthwhile to start hoarding nickels of certain dates or getting rolls and finding and keeping the nickels that were made of nickel.
.... A little free investment advice for subscribers to The Troy Citizen and "Bill Rice Jr's Newsletter!"
I actually don't agree with Trump on this one. Yes, it costs more to make pennies than pennies are "worth," but it doesn't cost all that much to make all the pennies we need. And if we eliminate pennies, then everything is going to be priced to the nearest nickel (or to the nearest dime if we eliminate the nickels that are also more expensive to produce than they are worth), and you can bet that everybody is going to round up, which is just a raise in price. The reality is, once we went off the gold standard, the idea that our coins were "worth" anything other than whatever was stamped onto their face sort of disappeared. As you said, we took all the silver out of coins in the 1960s because the melt value was a lot higher than the face values. We could make pennies and nickels out of whatever metal is cheap and easy to produce and could continue to price things to the nearest penny. There's no reason that pennies have to be made out of copper (they've just got a thin copper shell now anyway, with the core not being copper) or nickels be made out of nickel.
Great points. I agree. And I still think central bank digital currency is probably coming - which will eventually get rid of all cash - which is when it's "check mate" for the Globalists and Totalitarians.
CBDC is probably unstoppable in the limit. I’m hoping we have dodged it for a while, but I’m sure it isn’t dead. The DC uniparty wants it as a lever of control. It will be sold based on convenience (“No more fooling with coins!” “Everything is electronic and instantaneous!”) and security (“The drug dealers won’t be able to hide.”), but the reality is that it’s just another way to monitor the people and a tool to punish them for wrongthink. Hitler and Stalin could never have dreamed of such control.
re: "Yes, it costs more to make pennies than pennies are "worth," but it doesn't cost all that much to make all the pennies we need."
I agree with this. AND they are used and re-used, its not like they are a one-time use 'thing'!
re: "We could make pennies and nickels out of whatever metal is cheap and easy to produce and could continue to price things to the nearest penny. There's no reason that pennies have to be made out of copper ... or nickels be made out of nickel."
Agree, and the example is literal 'paper money' - like the dollar bill ON UP to the C-note ... paper!!!!!!
Cool story's.
I still have lots of hockey cards, silver, gold and gems. I didn't need to sell it so there it sits.
It has been a good fall back reserve when I needed to sell off some to cover unexpected bills.
Now I hoard it because it might be my future form of payment and barter.
Writing this story made me think I could re-start saving nickels. I bet a lot of people are already doing this and I bet the banks aren't handing out rolls like they used to do without any question.
And you are right. You can find people who will "barter" for silver coins. I've done that too.