Where Investor Money Is Going: 'Under the Mattress'

Ha- you'd have to sort through all the pennies and isolate only the old ones- the newer pennies are mostly tin, and therefore pretty worthless.

It's a good metaphor for the country as a whole- Nice copper plating on a tin foundation.

You made good money if you put your funds in gold in 2008 or 2009 when the "hate the rich" politics began.

Actually you didn't make any money, but you stepped aside while the value of the dollar dropped 45%. You could get back in today for 45% more dollars I bet.

Smart move- I should have put more into gold myself. Just beware that if we manage to dump Obama, things could change- the dynamics could change, but unless we get a massive boom from the new administration- gold is probably a pretty safe bet.

Not at all, the melt value is what determines the scrap value that you can get for the coins if you decide to buy or sell them.

BearMtnHIB wrote: You made good money if you put your funds in gold in 2008 or 2009 when the "hate the rich" politics began.

Actually you didn't make any money, but you stepped aside while the value of the dollar dropped 45%. You could get back in today for 45% more dollars I bet.

If'n I'm not mistaken, silver went up in value more than gold did over the same period. Silver prices have about tripled and gold has roughly doubled.

bailey bud wrote:
b) Gold ---- I don't sit my funds in a bank account ---- they're monitored there, and out-of-reach. I think bank accounts give way too much power to government(s).

Good idea if they go to means testing.

If I believed Mitt was going to win, I would be buying into the market, especially undervalued coal. But I am pretty sure Obama will win and continued economic distress, maybe I will buy into a pawn shop and start buying household silver and old coins.