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posted ago by Crizpy ago by Crizpy +96 / -0

Article 1, Section 10 ”No state shall…make anything but gold and silver coin a tender in payment of debts” https://www.law.cornell.edu/constitution/articlei

Comments (18)
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guito13 5 points ago +5 / -0

Metal does have a proven track record...

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swutalk 5 points ago +5 / -0

WHAT? Laws? The Constitution??? silly talk in a demoncrap world.

but on a serious note. I agree with you. most people are just barely scraping by right not. Many are out of work and do not have extra money to do this.

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Crizpy [S] 2 points ago +2 / -0

I hear ya. Beauty about silver is it can be purchased in small increments. it acts as genuine savings, unlike the fake shit which can be inflated away at the whims of sickos. it is the poor man's best friend if he's sick of being poor and wants to save for the long run.

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swutalk 2 points ago +2 / -0

where are good places to buy this without huge markups? I have actually thought about getting some gold and silver over the past several months but money has been tight

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Crizpy [S] 1 point ago +1 / -0

You can start immediately with a mining stock like AG. Or you can go with something like SLV. Or for double the fun AGQ. In the long run, we have to be careful of things like SLV or AGQ since they're just paper derivatives and have counter-party risks.

For physical, I’d investigate if any local coin shops have survived covid and inquire there. Personally I prefer bars or junk silver coins since you can get closer to spot price

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deleted 4 points ago +4 / -0
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GenericInsult 4 points ago +4 / -0

No state shall…make anything but gold and silver coin a tender in payment of debts

"State". The Federal Government on the other hand......

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Crizpy [S] 3 points ago +3 / -0

Hmm our modern states accept fiat paper nothingness as payment of debts. I didn't see that mentioned.

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Redditcanblowme 1 point ago +1 / -0

States used to issue their own currency until the Feds made it illegal.

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Be_Banned 3 points ago +3 / -0

^^^THIS^^^

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IllEagle 2 points ago +2 / -0

Where might a financially illiterate pede find valuable information on silver investments?

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Crizpy [S] 2 points ago +2 / -0

Not too complicated. You can start immediately with a mining stock like AG. Or you can go with something like SLV. Or for double the fun AGQ. In the long run, we have to be careful of things like SLV or AGQ since they're just paper derivatives and have counter-party risks.

For physical, I’d investigate if any local coin shops have survived covid and inquire there. Personally I prefer bars or junk silver coins since you can get closer to spot price

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mintscape 2 points ago +2 / -0

Easiest way is a gold and silver holding ETF. You can also look for a miner but make sure they are quality.

The best instrument for gold is an Australian fund called PMGOLD by the Perth Mint, it's government backed and can be redeemed for the physical metal, which technically makes it an Exchange Traded Warrant rather than an ETF.

https://www.perthmint.com/storage/perth-mint-gold-asx.html

You would need to be able to trade on the ASX market for this but it is the absolute best way of holding gold as it can be converted to physical but has the liquidity of a stock.

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jubyeonin 2 points ago +2 / -0

Just look up spot price and go to local pawn shops. Buy silver coins as close to spot as possible. Most pawn shops will negotiate the price. You can decide what your price point is from the chart and possible upside. We may see $30 silver, so you can use that as a guide. If it doesn't really move up for whatever reason, average down whenever possible. Don't forget to have some cash on hand just because silver looks good.

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deleted 2 points ago +2 / -0
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mintscape 1 point ago +1 / -0

Gold and silver are always a wise thing to have when the stock market is over inflated like it is and the Fed is printing money like it is going out of fashion.

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sentient-potato 1 point ago +1 / -0

At this point the Constitution feels like a Gun Free Zone sign.

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TwoBallCureAll 1 point ago +1 / -0

Let's get in on this before there are advertisements......