Re: "hoarders will be able to acquire only an estimated $34"
Posted: Sun Sep 18, 2011 11:46 am
I'm not going to try to persuade anyone else, but here are my reasons for having some. Note - "some". Not a heavy investment, but some.
a) I save any I get in change.
b) Further, I've bought a few bricks
Rationale (assuming you have an otherwise balanced portfolio and the FRNs to spare):
a) easy to convert back to FRNs, especially the unopened bricks
b) no risk, no discount or cost to sell, no possiblity of loss
c) no labor
d) widely recognized without people having to check metal content or year
e) the Cu-Ni alloy is itself a useful corrosion resistant material in its own right
f) even if silver becomes a currency again, less valuable coins will still be needed, and these are the most likely candidate.
a) I save any I get in change.
b) Further, I've bought a few bricks
Rationale (assuming you have an otherwise balanced portfolio and the FRNs to spare):
a) easy to convert back to FRNs, especially the unopened bricks
b) no risk, no discount or cost to sell, no possiblity of loss
c) no labor
d) widely recognized without people having to check metal content or year
e) the Cu-Ni alloy is itself a useful corrosion resistant material in its own right
f) even if silver becomes a currency again, less valuable coins will still be needed, and these are the most likely candidate.