Effect of Fed Taper on Silver and Gold

FTIdeas threw out a great question on his YouTube Channel: What effect with the Fed's recent $10 billion taper have on gold and silver? I find the whole topic infinitely fascinating, so decided to dedicate a video to the topic. I did not want to bore everyone with a long, uninteresting economic answer, but I did point out how I am more inclined to focus on the long term effects of the monetary policy behind quantitative easing rather than the short-term, fly-by-night taper debates. I believe that long-term, the consequences have already been created by the creation of $2.5 trillion (yes, with a "T") in excessive reserves. For me, it isn't a matter of "if" those excess reserves will lead to price inflation and a resulting lift in the price of silver and gold, but "when."

However, as always, that is just my opinion and you would not be wise to take investment advice from a guy who collects copper pennies in his spare time. Visit the video above if you would like to hear a longer explanation of this topic from me, or start with the links below to see FTIdeas' original video or to begin or own investigation of the topic.

I finished two more nickel boxes today, so expect to see the results from those boxes in the very near future. How are all of your searches doing as we approach the end of the year?

Links:
FTIdeas' original video
Excess Reserves Totals from the Fed
Interesting Article on the Topic

Coin Roll Hunting Finds From Nickel Box #35

With the Canadian penny now eliminated, we have been focusing on coin roll hunting as many nickels boxes as we can. We are looking for any pre-1982 Canadian nickels, as well as older pre-1963 12-sided, King George VI and King George V nickels. Our 35th nickel box was a very interesting one that contained many varieties of the older coins we are looking for. Here are our results from this box:

$100 Nickel Box #35
-Pre-1982 99.9% nickel nickels: 157 (7.85%)
-Pre-1963 nickels: 11 (1927, 1929x2, 1937, 1945x3, 1961x2, 1962x2)

We found some great King George V nickels, including a 1927 and two 1929s. We have also added to our Canadian wartime nickels with three 1945 chrome-plated steel nickels. We do not get too many of these nickels, so anytime we find even one it is very exciting.

Since we are off for the holidays until January we are going to try to coin roll hunt as many nickel boxes as we can. As always, we will share the results with you all. Let us know how your coin roll hunting is going and we hope that you are having a great holiday! Best of luck in your future searches!