On 31/07/2011 12:30 PM, wrote:
On Sat, 30 Jul 2011 20:32:05 -0700, wrote:

On Sat, 30 Jul 2011 12:35:41 -0400, wrote:

On Sat, 30 Jul 2011 09:17:20 -0400, wrote:

In ,
says...

On Fri, 29 Jul 2011 13:45:13 -0400, wrote:


I bought a $1000 bag of quarters (about $5000)

I should have bought more but I was taking them on a plane and I was
trying to make my carry on reasonable. Coins did not trigger a sales
tax in Georgia at the time, it would have been 6% of $4000 in Florida.
(the difference between the price and "face"). This was prior to TSA
but I still had to go through a metal detector. The rentacop was
curious but they let me go through.


Oh good grief. You bought a bag of quarters? You must drink a lot of
pop. What a total fool. Quarters???

You're slipping, girl, you forgot to call him a moron and a racist.


Yup I am a complete moron



Quantity: 4000
Coin Type: 1932-1964 Washington Quarter
Silver Price: $39.90 / troy ounce


Total silver value is $28,863.33.


(as of Friday)

You bought a $1000 for $5000 or $5000 or $1000, and what cost $4000?
Of course, you didn't say when you bought them or any other details.
They're 90% silver. You don't say when you bought them, so another
investment might have been better.

http://genxfinance.com/a-visual-hist...rom-1996-2007/

Of course, you're too much of a baby to actual have a reasonable
debate and show some facts.

Countering my better judgment I will answer you.

I thought it was obvious but here goes
$1000 "face" (4000 quarters) cost $5000 around 2002, that is $4000
more than face so you would pay a sales tax on that part in a lot of
states (not Ga at the time)
It is selling more like 29 times face now so that is a 500% return, It
has spiked higher recently.
There may be some stocks that did that but you would not get it from
any fund.
You can also sell these coins tax free, add another 28%.

True, as it is currency it is not taxable. LOL. Good move.

As few realize if you loan the bank a $100, 10 years later you get 100%
inflation, you get little or no interest and thus have lost 1/2 the
value of the money. It is also why no one lends money to the government.

But if you buy $100 shares in a commodity, it goes to $200. But then
you have capital gains on $100 which is really a wealth tax and actually
still devalues your capital base.

But if $100 in precious metal money, it is tracking inflation without
the value loses of currency fraud and tax grab. Sweet. My 1990 silver
is like this too. Just wish I bought more.

--
Seems like paying your bills with real money is no longer the accepted
behavior in USA. Perhaps that is the problem and not the the solution.