LASSEN PRECIOUS METALS

Fine Silver & Gold Minted in the USA

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A friend who has some silver bullion with a $20 face value, asked the following question:

"Are the coins I have worth more than their face value now, or less? "

Here is my reply;

January 31, 2009

How much are your paper dollars worth and what are they backed by? They are paper that get their value from the public's "full faith and confidence." When everyone finally catches on to the truth about the Emperor's new clothes, it will be time to switch tailors! The U.S. economy will crash if foreign central banks stop buying U.S. Treasury Bills. The U.S. is so far in debt that we can't even afford to pay the interest on the debt. Why should foreigners keep investing in us? The global economy is in deep trouble because of the dollar.

In March 2008, silver spot was over $20.00 an ounce. Yesterday silver closed at $12.71, but no one can buy an ounce of silver for $12.71. The U.S. Mint is selling a set for $37.95 that includes 5 junk metal dollars (4 presidential and 1 Sacagawea) and one silver American Eagle (with a $1.00 face value).

A popular on-line coin dealer is selling 2009 Silver American Eagles (with a $1.00 face value) for $17.24. We can get you Silver Lakota for spot ($12.71 yesterday) + $5.25 = $17.96 (with a $50.00 face value and a list of merchants who accept it in trade).

It's a good time to buy silver before the price increases again. The experts we read believe that it is inevitable because;

The Fed keeps printing money, now doubling the deficit. More dollars in circulation chasing after the same goods, increases prices. We may be headed into a depression with inflation or hyperinflation. Currency devaluation in Argentina, Germany and Zimbabwe meant that it took a wheelbarrow full of money to buy a loaf of bread as the value of their currency plumeted. Gold and silver protect the value of your savings through rough financial times. Inflation causes savings to depreciate in value. Gold and silver are REAL MONEY. Paper is a poor imitation that USED to represent the REAL MONEY. You used to be able to take your paper to the bank and exchange it for the gold (until 1933) or silver (until 1971) it represented. The Fed has stolen the people's wealth. The dollar is now worth 4% or less of what it was worth in 1913 when the Federal Reserve was created by an unconstitutional act of congress. They continue the Ponzi Scheme by going ever further into debt. Need more money? Just print it!
Silver is used in many industrial applications and is becoming more and more scarce. As demand increases and supply diminishes, the price will rise. As the dollar's purchasing power diminishes, more people will rush to silver.
We're not experts. It just makes sense to us. Everyone’s retirement savings are losing their purchasing power due to inflation. Baby Boomers will continue to remove their retirements from the stock market as they retire. The stock market is artificially inflated. There is no Social Security fund. Bank CD interest rates are so low, and they are insured by the FDIC which is bankrupt! Most experts who understand what the Federal Reserve (which is not Federal and has no reserve) has done to us (with the approval of Congress) recommend that you put AT LEAST 5% to 10% of your savings into gold and/or silver. Silver is more useful for daily barter, should the day come when our dollars have been devalued away. Gold takes up less storage space and we have good deals available on that too.

I checked Ebay and searched Norfed Liberty Dollar. I found a couple of 1 oz 2007 Liberty Dollars bid up to almost $20.00 + shipping, with 3 days left to go on the bids.

The "face value" on silver bullion is kind of meaningless. The U.S. Mint silver Eagles have a face value of $1.00. The Lakota Silver says "50.00". The Liberty Dollar tries to keep pace with the dollar and their 1 oz pieces went from $10 to $20 to $50 and back to $20. Or we could get you 1 oz silver bullion with NO value on it, just the weight. What the silver is "worth" is dependant on what someone else will trade you for it (dollars, goods or services).

This video is a 2003 Sermon Titled "Conquering the Spirit of Debt". It is about money, the Federal Reserve and the debt of America. It is not about religion or politics. It just may be the most important 49 minutes you will ever spend on your education. Get a cup of coffee, sit down and watch it.

LASSEN PRECIOUS METALS
P O Box 2345
Susanville, CA 96130
(800) 791-3393
(530) 257-9033

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