Archive for the ‘junk silver bags’ Category
February 2nd, 2011 | 
Author: Junk silver bags are all the rage today because they are legal tender. Their worth is not dependent on the price of silver and they can be spent in small amounts. Gold would also be safe for trading but it’s not as marketable as junk silver bags because gold comes in too large of a denomination. There’s no such thing as small change with gold.
Junk silver is considered safer than “fiat currency”. Dollars, euros and pounds are all examples of fiat currency. You don’t know what fiat currency means, do you? Well, according to Wikipedia fiat currency is the term used to describe money which is declared by a government to be legal tender. It has no intrinsic value and it is not fixed in value in terms of any objective standard. Fiat is a Latin word which means “let it be done” . Fiat currency is called this because it was established by government decree. Basically the government of a country said “let it be done” – about the currency in its country.
The problem with fiat currency is that ultimately it can collapse and get devalued as is happening with many of the currencies in the world today. However silver and gold will always retain their value. Therefore junk silver bags are considered a safe bet and are becoming popular now. I however am not convinced that this is true. When I was researching info on junk silver bags I saw that on ebay you can buy, for one example, a junk silver bag with a face value of $1000 for a price of appx $20,000. Now, that may be a safe bet if the value of the junk silver bag stays at that price and you can resell it. It is said that junk silver bags are safe because you always have the face value of the silver coins, which in this case is $1000. Now maybe I am not understanding this properly but it seems that if you paid $20,000 for the junk silver bags you should feel secure because no matter what happens in the future at least you have a $1000 value of the coins. How can I feel secure if I stand to possibly lose $19,000? I don’t think that junk silver bags are all that they promise to be. So look into it carefully before investing in them.
