I have a pretty good amount of Gold and Silver coins like the American Eagle,easily identified and Gov't issued plus they sell as close to spot price as any coins.I don't look at my Gold and Silver as an investment but as an insurance policy I hope I never need.All paper money will fail at some point,always has and historically Gold and Silver are what people revert back to for money.With the US Gov't 21 Trillion$ in the hole and no sign of a spending decrease something will have to eventually give in my opinion.I have sold several pieces of farm equipment and was paid in Silver American Eagles,I'll allow the seller what spot price is at the time which can be checked on the Monex website 24 hrs a day.The coins are always worth more than spot price so if that's what the buyer wants to do its fine with me.If they go to a coin shop to sell the coins they won't get as much as spot price so we're both ahead. As the saying goes about different types of money Gold is the money of Royalty. Silver is the money of Gentlemen. Paper is the money of Fools. Credit is the money of Slaves.
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Today's Featured Article - Fasteners: The Nuts and Bolts of Nuts and Bolts - by Curtis Von Fange. The nuts and bolts of nuts and bolts is an interesting and essential piece of knowledge that applies to our older tractors. An improperly torqued capscrew on an engine head or a shear bolt that is too hard on the driving shaft of a bushog can create havoc and make an expensive and uncalled for repair. Let’s examine the purpose and design of these fasteners in order to ensure their proper use. Fasteners are probably one of the aspects of mechanics that is given the least amount of thought.
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