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"Let them march all they want, as long as they pay their taxes."  --Alexander Haig

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Author Topic: Ways to spend silver in NH  (Read 2626 times)

Gabo

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Re: Ways to spend silver in NH
« Reply #15 on: November 21, 2005, 06:34 PM NHFT »

I have heard that Wal-Mart now accepts the liberty dollar, nation wide. Can anyone verify this?
:o

NO WAY!
If so, Walmart is my favorite big chain superstore!
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Dave Ridley

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Re: Ways to spend silver in NH
« Reply #16 on: November 21, 2005, 11:08 PM NHFT »

if you're putting something on the coin I I think the most effective thing to put on it would be something like

Keep New Hampshire Free
nhfree.com

with the most important part being the nhfree.com...
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Dreepa

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Re: Ways to spend silver in NH
« Reply #17 on: November 22, 2005, 08:56 AM NHFT »

Yeah I was thinking maybe a big NHFREE.com.

If I ordered now we would get the 'disks' until January.
I want to make sure that I would be able to distribute the majority of them.
I just don't want to blow my money and not recoup it esp since I am not making any profit.
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president

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Re: Ways to spend silver in NH
« Reply #18 on: November 22, 2005, 10:07 AM NHFT »

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Eli

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Re: Ways to spend silver in NH
« Reply #19 on: November 22, 2005, 10:23 AM NHFT »

Free State Party

<porc logo with party hat>

www.nhfree.com
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Dreepa

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Re: Ways to spend silver in NH
« Reply #20 on: November 22, 2005, 01:26 PM NHFT »

Prez if you wanna take a road trip out to WY with me..sure.

Also there are buffalo in Warner... I saw them on Sunday.
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president

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Re: Ways to spend silver in NH
« Reply #21 on: November 22, 2005, 01:50 PM NHFT »

I have a FSW coin. I need to get some more.
I want to buy something from a free stater with them.

Anyone want to resell a porcupine directory for silver?
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Kat Kanning

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Re: Ways to spend silver in NH
« Reply #22 on: November 22, 2005, 01:59 PM NHFT »

Amy probably has one still.
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Dave Ridley

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Re: Ways to spend silver in NH
« Reply #23 on: January 26, 2006, 04:50 PM NHFT »

updated version on the article at the top of this thread

Here are some thoughts on ways to spend silver, should you own or acquire any...

Certainly it is better to spend it than it is to sell it to the average coin dealer, as they will try to acquire it for a very low price, maybe even below spot. They have a lot of overhead to cover.

But how do you do that?

I'm no expert yet but these are the "silver spending techniques" that have worked for me:

- Paying your family members with it, and accepting it from them...sort of like a "family currency."
- Offering silver as payment at small businesses where the owner is present
- Offering it even at big stores, where sometimes the cashier is a coin collector and will buy it straight from you on the spot. This works about 20% of the time.
- Offering it as payment at garage sales, flea markets, etc.
- Paying free staters with it. If you ever owe me any money or buy anything from me silver is the way to go!
- Using it as a donation. Works best if you are doing direct donations to someone in your geographical area...for instance I've been giving people silver as a thank-you when they commit a publicity-generating act of civil disobedience against an unjust law.
- Sell it to someone (preferably not a traditional coin dealer)
- Use it as a gift, for holidays or birthdays. Silver rounds make great stocking stuffers (Thanks to Mike Fisher for this suggestion).
- Using it as a tip is something I have done in the past but on reflection I'm not sure that's such a good use. It's hard to know whether the person you leave it with will appreciate it or not. However if it's the type of tip you hand to someone in person then you can guage their reaction and decide whether to use fed notes instead.

In any case, once you discover that you can spend silver, even if only 4 or 5 ounces a month, that opens up a whole new world for you...a world where you are able to feel comfortable owning silver in respectable quantities..knowing that eventually you can use it at a profit, even if only at a slow rate. But in my experience it's been possible to spend/move/sell about 500 bucks worth a month.

The advantages of spending silver seem to be as follows:

1) You can usually make a slight profit by spending it...assuming you buy it in bulk at a discount price and spend it at a slightly higher price.

2) Whatever silver you own, with the intent of spending, acts as an investment. Even if it's just sitting in your briefcase for a year, it's fluctuating against the dollar like a mutual fund share. Though it will go both up and down, over the long haul it will outperform the dollar and probably even a CD.

3) Whatever silver you own serves as a steadfast hedge against monetary crises and other dollar-killing disasters.

4) Spending and accepting silver is probably better for the economy; the more of it you pump into your community and family the more you are safeguarding them against monetary crises.

5) Unlike a savings account, you do not have to report to the IRS the "interest" your silver earns as it rises in value. I don't know any way an IRS agent could track your precious metal expenditures and profits.

6) In many cases the "interest" is "paid" to you very quickly. For instance, when I bought 50 1-oz rounds of Pan American silver for $7.70 an ounce, their price quickly fluctuated up to $8.50 an ounce, within two months. That's about a 10% increase in 60 days, equivilant to a bank account earning more like 100% annual interest.  As of January 26, 2006 the bulk purchase price for the same silver round is up to $10.17 per ounce!

The flip side is that silver does go down, occasionally for 5 or 10 years at a time. When that happens you just have to hang onto it. You don't want to spend silver when it is lower in value than the price you paid for it. During times like that it seems best to just let it sit until it shoots back up again.

The best silver options appear to be the Liberty Dollar (www.LibertyDollar.org <http://www.LibertyDollar.org>), the Pan American Silver Round (<http://www.nwtmintbullion.com/silver_panam.php>) and the Sunshine Silver round which you can get at <http://www.cmi-gold-silver.com/1-oz-silver-rounds.html>

The last of these I have not yet tried. The pan american rounds I ordered took a long time to arrive, almost 50 days...but they sold for only about 10% above spot price in mint condition. Liberty Dollars are easiest to get and have a high face value written on them. But they are just as expensive as the U.S. government silver eagles. The other disadvantage of Liberty Dollars is that they are controversial; the dollar face value on the $20 round is only partly backed by silver, tho the $10-face-value round is now worth more than $10 just in terms of the silver.

In any case you can already get the Pan American rounds directly from me or the Liberty Dollars, eventually I hope to have the Sunshine rounds too.



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