Author Topic: Discussion of Gold and All Items Pertaining to It  (Read 2105 times)

Surly1

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Hi GO--

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Russia: Putin Silver One Kilo Coins Launched
Silver coins with the face of Russian President Vladimir Putin are being minted in Russia. The coins weigh one kilogram (1kg - 2.2lb) and are being launched by the Art Grani foundry to mark Crimea’s reincorporation into Russia.
Thanks Surly, A most interesting coin. The Kilo silver coins have become popular of late as have the new 5 0z silver coins from the US Mint.

My preference is for the smaller 1 oz in case I have to use them for barter some day. The big coins are gorgeous ans most impressive, but containing 32 oz of silver makes them a poor choice for monetary transactions in my view.

Understood. I guess I don't understand the purpose of creating a coin the size of a hockey puck? Clearly impractical for trade.

Just primate dispel behavior? Because we can? Or "mine is bigger than yours?"

I remain mystified.

Golden Oxen

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Understood. I guess I don't understand the purpose of creating a coin the size of a hockey puck? Clearly impractical for trade.

Just primate dispel behavior? Because we can? Or "mine is bigger than yours?"

I remain mystified.

Agreed Surly, 5 or 10oz coins I can understand, but 32 oz makes no sense to me either. That puts them in the sculpture or small statue department in my view, beautiful but impractical.

Golden Oxen

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Thanks for the lesson GO.  Sounds like if you're going to make a purchase based on beauty alone, there isn't much point in buying more than a single coin.

Yes JoeP, One purchase only, treat it as a souvenir item in my opinion.

JoeP

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Go, I'd like to sincerely thank you for your patience in answering my questions about PMs.  I compare it to Jack Nicklaus (back in the eighties) answering a younger golfer that has asked questions about his tournament strategy. My situation is that my investment portfolio is currently underweight in PMs and I suppose I have just grown tired of the intangible options. Thanks again.

Golden Oxen

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I suppose I have just grown tired of the intangible options. Thanks again.

Any time JoeP.

GO'S me name, Gold me Game.  :D :D

                                                                   

                                                                   

Walter Johnson

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Hi Walter, now I get it, look mostly to silver for health benefits.

I think JD covered the question quite well, the uses for silver in the medical profession are too numerous to mention, and every day I read something about it's powers of killing bacteria. Read an article a while back, sorry I cannot remember where, that  the giant Japanese manufacturers are coating washing machines, dryers, air conditioners etc with it. Seems it prevents Legionnaires Disease, and is powerful enough to kill the super Bug that has arisen in India. Some places are considering legislation that would require dentists to use silver dental tools only. Hospitals are installing special air purifiers with silver to prevent bacteria outbreaks as well. Water purification seen as very important as well, now and in the future.

My interest in  silver stems from it's monetary history, rather than it's medical, but I thank you for bringing this important aspect of silver to the forum.


I believe also the folklore is that gold fillings are not just not bad for you but are actually good for you, we are composed of minor quantities of many trace elements, not always found in our diet after all. This is what was meant by the bible saying Adam was formed from the dust of the earth.

Congratulations, you passed the first fitness to pontificate test, next comes codification: kindly complete the following.

Rosster gona roost

Hamster gon hamst

Silver



Golden Oxen

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  Rosster gona roost

  Hamster gon hamst

  Silver gonna rise and shine   ;)

                                                                   

 Two Hundred Year Silver Chart

                                                                   

Golden Oxen

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There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.

–Ludwig von Mises