The Game of Monopoly is the textbook or blueprint that provides individuals with a plan to become financially free. Since most people only see Monopoly as a game, they may miss many of the real life lessons it can teach. For example, what does Monopoly teach you about your salary and money? The first space in Monopoly says, “Collect $200 salary as you pass Go”. The question is, “how should you view this money and what should you do with it?”
american silver eagle
The U.S. Mint has increased its weekly allocation of American Eagle silver bullion coins. “The U.S. Mint has 2,204,500 ounces of American Eagle silver to allocate this week,” says a memo from the Mint. Previously, the Mint had been allocating 1 million ounces weekly, an official says.
By Allen Sykora of Kitco News; firstname.lastname@example.org
The U.S. Mint has suspended sale of U.S. silver eagle coins because a large increase in demand has depleted their inventories. In the memo to authorized purchases said the suspension would last about two weeks.
In today’s memo to bullion coin buyers, the Mint said:
“As you are aware, the significant increase in demand for American Eagle Silver Bullion Coins depleted our current inventories. The United States Mint facility at West Point, New York, continues to produce American Eagle Silver Bullion Coins and we anticipate resuming sales in approximately two weeks.”
The U.S. Constitution (Article I, Section 10) provides for individual states to recognize gold and silver coins as payment for all debts. Last Wednesday, Oklahoma joined Louisiana, Texas, and Utah in exercising their Constitutional right to grant U.S. minted gold and silver coins legal tender status.
Bartering with gold or silver coins is legal in all states. However, states with legal tender recognition make it much easier for citizens to receive payments or pay bills in gold or silver. Legal tender status means no state or local sales or income taxes apply to transactions involving gold and silver American Eagles (and certain other U.S. coins).
At the federal level, capital gains taxes would still apply on coins whose value has appreciated in dollar terms.
What’s needed to allow gold and silver to compete on a level playing field with the U.S. fiat dollar is what Oklahoma has done at the federal level. Until then, we as individuals can help undermine the dollar’s undeserved and highly abused monopoly status by pressuring our state legislatures to declare gold and silver legal tender.
I watch CNBC practically every morning. It has become a daily routine for me. It is only one of my channels of information. During breakfast, whether it is cereal, waffles, eggs and bacon or a bagel with cheese, I read my morning newspaper with my left eye and watch the stock market reports on CNBC with my right. I sometimes switch to the Chicken Noodle Network (CNN) for some news of the day.
This morning, CNBC reported that the U.S. Mint has sold four times more American Silver Eagle dollar coins than last year. Did they mean that there has been a 400% increase of sales in just the first three months of this year, compared to the same time last year or is the comparison to the whole year.?
I have been keeping my own statistics since September 22, 2010. On that day Silver sold for $21.04/oz. On that day, Silver was in a ratio to Gold of 61 to 1.
Yesterday, March 30, 2011, Silver closed at $36.98. That is an increase of about 43% since September, 2010. Now the ratio of Silver to Gold is 38 to 1.
Can you achieve these results with your IRA or 401K? I doubt seriously this gain could even be achieved in the stock market., unless you bought into some new wonder stock!
On CNBC, their very short comment was that ‘the little man’ is buying American Silver Eagle dollars as his method of saving, shouldn’t you?
There are many ways and means of buying and saving Silver. Some companies want to sell these Silver dollar coins at prices between $125 to $200 a coin. They call them numismatic collectables. The only buyer you will ever find for those coins is a collector or maybe a coin dealer. These coins are certified as MS70.
I believe if you can afford about $70 a month for an American Silver Eagle dollar coin, you are better off! I propose that you look at what I have to offer. The program that I am involved with is not the typical MLM (multi level marketing) program. In short, you purchase one Silver dollar a month and sell two or more people on the same idea. For every two you sign up, you receive one free Silver Eagle.
Figure that out! Your one plus the one you receive makes your coin cost about $35. If you sell four and get two, then your cost is about $23.40 each. Wow, and Silver is now over $37/oz.
Try this program and you will soon see and realiuze more of a gain than you would in the stock market.
About the Author
Author: Peter M. Olsen
I am 72! I lived and worked in West Germany for 27 years. I have been involved in network marketing, off and on for about 15 years. I have a blog which relates a little of my life, my thoughts and opinions. There are a lot of photos too!
My blog: www.ANobodyIsSomebody.com
Be my guess and collect numismatic MS70 coins?. They can only be sold then to a numismatist. I say it is better to buy one silver dollar a month and sell two or more people on this plan. For every two you sell, you receive one free!!
Take a look: www.mintfreshsilver.com.
The 2011 American Silver Eagle coin will soon be available to purchase from coin dealers as well as authorized distributors. Silver Eagle coins are certainly in demand – sales of the coin shattered quite a few records within November of 2010. Actually, not any other month in the coin’s history has seen greater sales including December of 1986, the first calendar month which the coin had been released!
I purchased my very first American Silver Eagle coin back in February of 2001 (a box of 100) and paid $6.99. In those days, buying silver coins of any sort wasn’t on anyone’s priority list except perhaps for the most diehard silver fans. With a gain of 329.18% on that coin, as you might imagine, I’m thrilled with my decision to invest in Silver Eagles.
You’re probably wondering, however, with the price of silver trading over $30 an ounce, does it still makes sense to invest in American Silver Eagles?
The answer to that question is a resounding YES! Here are 5 reasons why I believe you should invest in this lovely silver coin.