Loading ...Silver and Gold coinage
Silver was removed from Canadian coinage in 1968.
It disappeared fast.
That’s 56 yrs ago.
A child under 5 likely never handled money.
Thus anyone under 61 yrs old has no memory of silver coins in circulation unless it was in a collection.
Over the years I asked people born from the 70’s on if they knew anything about Canadian silver coins. Firstly, most had no idea what the coins were made of and secondly, most had no idea that we had silver in our currency at one time.
Almost everyone knows that Gold is precious but Silver not so much.
The US Govt Debt was 10 Trillion when the GFC hit in 2008-9. Now 33.5 Trillion today.
Gold ranged from $800-$1000 as the GFC hit. Can one extrapolate roughly 3.3 x the price for an expectation of $3300?
The US Govt Debt will start to grow faster as the higher debt financing kicks in this year.
Columbia, CAN 80% has been one of my primary stacking types here in the states esp since premiums skyrocketed in 2021. I only collect 1966 and earlier to ensure 80% purity – Halves and Silver Dollars 1967 and earlier. It’s dirt cheap down here, today I picked up about $5 at $13.44/$FV – around spot from a retailer. It’s beautifully designed coinage. I figure one day when the CBDC noose tightens (I’d guess CAN before the US), CAN 80% will be in demand once again. Thanks for mentioning this – there are so few fans of this coinage, I had to respond 🙂 .
Columbia, your analysis is correct in relation to Silver as being completely misunderstood by the people. Moreover I would say most people are even scared of holding gold (that means that they do not even understand that gold is precious). In my business as an insurance advisor (I used to work in Switzerland), I tried to advise my clients to buy gold for about 10 years now. I can tell from experience, only 1 out of 100 listened !!!