some questions please

[jennifer302013]

i was just wondering if silver nickels and dimes and quaters and half dollers in 30 yrs do u expect them to be worth more then they are today i am just wondering so when im older i will have alot saved i been at this for over 12 yrs now with coins do u think in 30 yrs when im ready to retire from working haha it will be good

 

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[Gold Maven]

precious metals prices go up and down, I'm sure they will be worth more then, but no one can say for sure.

I'll hang on to mine unless an emergency pops up, I just like having them.

 

[cooper36]

Save them.
I think the price of Precious Metals will continue to go up as do a lot of people.The US currency is not backed by anything any more not gold not silver and they keep raising the the limit on what we can spend.
Cooper

 

[jennifer302013]

ty

thanks so much guys

 

[mercury1]

I believe our country is on an unsustainable path that will cause economic chaos. I think this situation will lead to a big increase in precious metal prices as pm's have intrinsic value where US currency is worth less and less every day as they just print it out of thin air. This has been done by other countries and it always ends badly. Always. No exceptions. I view my pm holdings as a supplement to my retirement although I like my coins so much, if I didn't need to cash them in I'd probably not. Hang on to them as long as you can.

 

[jennifer302013]

will do trying to find as much silver as i can for my retirement heehe

 

[Styfflin]

I agree with most sentiments here. I'm saving everything worth keeping. I hopefully won't need it for retirement, so I'm planning on my collection being inheritance.

 

[50cent]

i was just wondering if silver nickels and dimes and quaters and half dollers in 30 yrs do u expect them to be worth more then they are today i am just wondering so when im older i will have alot saved i been at this for over 12 yrs now with coins do u think in 30 yrs when im ready to retire from working haha it will be good

Jennifer, in my professional opinion, I think prices will be around what they are worth in relative value to what they are now. Its better than nothing, since currency deflates if you are just keeping it in the bank but; of course, its not like you 'gain' anything either. The market goes up and down, your best bet would be to diversify your investments.

If you look at its value in a completely historic sense, it is very possible with more and more mines being opened and land being cleared throughout the world, silver prices could drop even lower. There will actually be future demand for AG for material reasons rather than investment; AG is the most conductive metal, and if there is enough demand, enough silver being produced, it would not surprise me if high-end handheld wireless communication devices started implementing antenna's made of silver.

 

[FloridaFinder]

There will actually be future demand for AG for material reasons rather than investment; AG is the most conductive metal, and if there is enough demand, enough silver being produced, it would not surprise me if high-end handheld wireless communication devices started implementing antenna's made of silver.

They say it is more conductive than gold but it tarnishes, so that's why gold is used in computers and other high-end electronics. I agree with what you are saying but manufacturing electronics keeps the demand higher for gold than silver. It's very difficult to predict long term if the gap between Ag & Au will ever start to close substantially.

 

[AdDicted2Ag]

Like 50 said.. Diversify your investments.. No one can say for certain what will happen in the future, but one thing for sure is, I trust my savings in PMs more than any fiat currency..

 

[LooseChange]

If you do use physical precious metal as an investment, no one but you will be able to report the sale and the original cost basis for income tax purposes. If you forget to claim the income from the sale, no one will able to point out your mistake. Unfortunately, in that scenario the tax due on the gains goes unpaid. I suspect that that inadvertently happens from time to time.

So, keep very good records.

 

[maverick]

Jen, most of us are doing this in hopes that it will be worth it, I don't think anyone knows for sure if the value will climb way up there, but we are all hoping it will, so, I would say yes, keep all of it and keep collecting it! HH, Maverick.

 

[fistfulladirt]

You get to retire?

 

[50cent]

You get to retire?

Retirement is a big scam. I suggest you invest money in order to make it, its really a hit or miss chance 50%/50% of living to or dieing before retirement age if you are young.