Autumn

Autumn
Showing posts with label Pesos. Show all posts
Showing posts with label Pesos. Show all posts

Tuesday, March 26, 2013

Like a Moth to Flame

I'm drawn to silver. Not only is it a wonderful hedge against inflation, but it feels good. I like its heft. As of late I've adjusted my investment away from pure silver rounds and bars to the currency of Old Mexico. Vintage Mexican coins contain anywhere from ten to ninety percent silver. Always check before you buy.

The beautiful old coin pictured was minted in 1952 and contains (as you can well see) .72 percent silver, or at today's current spot, just over eleven dollars worth of silver. Adjust for Numismatic value and you have a twenty dollar (or more) coin. This coin was minted in Mexico City as indicated by the mark, Mo. Its weight is just over 27 grams. An ounce of silver weighs 31.1 grams.

Here's a link for the silver conversion tables of Mexican silver coins. If you'll scroll down the link you'll also find tables for other countries as well.

As long as silver remains below thirty dollars an ounce I'm a buyer. Trust me, one day you'll wish you had a small leather pouch filled with silver.

Have fun.

Stephen