Sunday, January 26, 2014

Copper Penny Hoarding Before Silver Stacking? - Part 1 and Part 2

Although we are extremely passionate and strong advocates for the amazing hobby of coin roll hunting, we certainly understand that it is not for everyone. Similarly, depending where an individual is in their life, it may not be necessary outside of the excitement and entertainment that coin roll hunting brings. However, for us, as individuals in university with very little available money at the time (we're talking about less than $50 a month!), coin roll hunting was an extremely helpful hobby for us. When we could not afford to purchase silver and gold, coin roll hunting for copper pennies and 99.9% nickel nickels provided us with the means and flexibility to put the knowledge that we had been acquiring for the previous four years into action

The above two videos outline four of the primary reasons why we starting coin roll hunting, and more specifically hoarding copper pennies, before we started stacking silver. Those four reasons, simply, are: the built in floor of one cent, the ability to save on transaction costs, the fact that we could do as little or as much as we wanted and the ability to stop sitting on the sidelines and start accumulating assets that would benefit us within the current inflationary monetary and fiscal policy.

I could go into more detail on each one of these areas here, but it would probably be more beneficial to hear them in the videos above. Once again, I hope that these videos are not interpreted as making an argument for coin roll hunting in place of silver stacking. Both are beneficial in our opinion and each have their own advantages to weigh against your own subjective needs. Let us know what you think in the comment section below, as we always welcome and appreciate any comments and opinions!

1 comment:

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