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Hey corpus delicti - thanks for the quick response. I am actually getting a little confused now about hidden fees and charges etc. From bullionvault.com; they say that you should watch out for these potential hidden fees: spread cost , storage charge , fabrication charge , weight discount , currency...
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Thanks guys. @ Matthew - I'm not sure if I'm after digital currency or physical gold/silver. Perhaps either/or, I'm really new to this and just want to backup my money while I still can. However, being able to actually use it (in small or convenient amounts) when the time comes is clearly...
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OK firstly thank you to everyone for their sound advice it is really very much appreciated. I think I am much clearer now about how this all works but I still have a few suggested links I'm reading through. I think I can put the digital currencies on the backnurner for now, it seems a little complex...
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Hi Nitroadict, yes I appreciate advise from my brothers and sisters across the oceans too! It's just I assume there might be certain things I need to look out for over here which differ from the US, Europe etc... also I suppose there are different prices, laws, taxes and fees, and local/specific...
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Hi all! I'm a 26 year old writer/software tester and I 'study' economics on Mises.org for about 30-40mins most nights after work and at weekends to learn as much as I can about liberty and economcs. I've been doing this for about a year now. I would very much like some advice about buying...
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I have recently used American Precious Metals exchange. www.apmex.com Here is why I settled there: 1. Low premium over spot. 2. Low shipping cost ($24.95 US per shipment, regardless of size (for me so far)) 3. They advertise both their sell and buy price for most forms of bullion. You can see price above...
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The following is a 2005 article(couldn't find anything more recent in english) , but the initiative of adopting silver as currency along with fiat paper money is being discussed in the present legislature in Mexico and its being getting some supporters from bureaucrats and the media. I wanted to...
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Point taken. However I'm not debating the form and makeup of a state, or indeed the virtues of anarchism! What I'm curious about is whether or not the core economic issue is the violent enforcement of a monopoly on currency ( by the state ). Fine, get rid of the FED - let the state control money...
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@ meambobbo Great post, just curious... So... perhaps what might be ideal is a completely open, free-market competition in actual currency? Gold, silver, paper money (backed 100% by X Y or Z) or e-gold, diamonds, vintage cheeses (joke!) or whatever the free-market innovates and finds most convenient...
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I still don't quite see the point in switching to a 'gold standard' at all. Why not completely abolish the enforcement of a monopoly on any single currency, be that pure gold, gold-backed, silver, fiat etc? Why not just have open competing currencies and let the free-market decide which is...