I'm contemplating buying a small amount of silver on my credit card. I have a high apr. Has the upward trend been enough to cover say 30% interest?
I've done well in stocks in the past. While everyone was loosing their shirts I more than quadrupled my money. If I were to invest in stocks right now they would be all foreign. Chinese money and products sadly.Gonzilla said:Try stock symbol FCX they own some gold mines but primarily copper. Price is way down right now but could shoot up and double w a nice dividend approx 3.4% while you wait. Just another way to invest in precious metals and I am rather fond of dividends...
c3, I'm going to try that tomorrow. Do many banks actually have half dollars, or is it hit and miss?No. If you had bought 4 years ago, yes. Price has declined. While holding some silver is a good idea (I happen to like American coins) buying them and paying 30% interest is a losing deal.
You can try this for VERY little money. Visit banks and credit unions, and ask for ROLLS of half dollars. Take them home, carefully remove, keeping wrappers intact. Look thru them check for 1964 and earlier and 1970-1965.
Here is why- Prior to 1965, US dimes, quarters, halves and dollars were 90% silver- in 1965, the US pulled silver from it's coinage- EXCEPT- half dolars remained 40% silver until 1970. Those are worth $4.05 each at today's prices. No good ones? Return the orinary halves to the wrappers, cash them in at another bank.
What are US coins worth for the SILVER? http://www.coinflation.com/silver_coin_values.html
This is NOT any collector's value a coin may have.
My ex wife works at a bank, she has told me that getting silver coins from them is VERY hit and miss. She said that the reason why is because the bank employees buy them up as soon as they get them. Larger banks may be different thoughtexaswoodworker said:c3, I'm going to try that tomorrow. Do many banks actually have half dollars, or is it hit and miss?