Just got my 20 troy ounce fine silver order today from
Monarch. Since I last posted about them, they sold out their inventory of 1,400 one ounce rounds through the long weekend (silver is very low right now). They minted an additional 2500 today. By ordering silver rounds from them, I effectively turned 34,396 pennies (including shipping and handling and $1.29 above spot) that were minted with nothing to back their value (at a cost to the
government of 1.7 cents per penny) and have a
melt value of .004 cents per penny, into bullion that at the current spot price of silver is worth $295. If I melted down those same pennies that the government created out of thin air at over one and a half times their "monitary value" to produce, their melt value would be $138. Of course if I make my new silver into something that I sell at a small profit, my digital paypal dollars have
dubious value until I exchange them for something of tangable value. The modern day alchemist's dilemma... 91,100,73,0,B