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Article- Using the banking system to acquire physical metal

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Article- Using the banking system to acquire physical metal

Postby cuneo187 » Wed Aug 27, 2014 4:36 pm

Lists pennies, dimes, quarters, halves and gives good info on what to keep in each group. Good info for newbies.

http://412libertarian.com/heres-how-to-use-the-fractional-reserve-banking-system-to-acquire-virtually-risk-free-options-on-physical-metals/
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Re: Article- Using the banking system to acquire physical me

Postby beauanderos » Wed Aug 27, 2014 4:51 pm

well-written article, thanks for posting :thumbup:
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Re: Article- Using the banking system to acquire physical me

Postby Morsecode » Wed Aug 27, 2014 7:21 pm

At 3 1/2 years, I believe you just won the Longest Time Since Last Posting contest :thumbup: :clap:

And I enjoyed the link, too...
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and be with caution bold.
Not all that tempts your wandering eyes and heedless hearts is lawful prize,
nor all that glistens gold.
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Re: Article- Using the banking system to acquire physical me

Postby beauanderos » Wed Aug 27, 2014 7:39 pm

Morsecode wrote:At 3 1/2 years, I believe you just won the Longest Time Since Last Posting contest :thumbup: :clap:

And I enjoyed the link, too...

He will comment on your remark March 27, 2018 :shifty:
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Re: Article- Using the banking system to acquire physical me

Postby plus1hdcp » Wed Aug 27, 2014 8:02 pm

Nice article and thanks for posting.
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Re: Article- Using the banking system to acquire physical me

Postby SilverDragon72 » Wed Aug 27, 2014 8:13 pm

A good article :thumbup:

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Re: Article- Using the banking system to acquire physical me

Postby JadeDragon » Thu Aug 28, 2014 12:49 am

There is an error in the article. Says to keep all pennies from 82 back. Better to say 1981 if you don't want to explain the switch over.
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Re: Article- Using the banking system to acquire physical me

Postby Recyclersteve » Thu Aug 28, 2014 7:40 pm

JadeDragon wrote:There is an error in the article. Says to keep all pennies from 82 back. Better to say 1981 if you don't want to explain the switch over.


I agree with this quote, but would add that if you have a gram scale (costs about $10), then you can separate the non-desirable zincs (2.6 grams) from the collectible coppers (3.1 grams).
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Re: Article- Using the banking system to acquire physical me

Postby Recyclersteve » Thu Aug 28, 2014 7:41 pm

I meant to add that the weighing is only needed for 1982 Lincoln pennies.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).

NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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Re: Article- Using the banking system to acquire physical me

Postby silverstacker » Thu Aug 28, 2014 9:17 pm

Thanks for the read. I will pass this well written article to a few friends of mine that are just starting out.

Thanks
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