LIVING OFF DIVIDENDS & PASSIVE INCOME

Bought a 1 ounce silver dragon coin on Ebay. Its a beautiful coin, minted by the Perth Mint in Australia. [As I mentioned in a previous post, I'm a big fan of the Perth Mint's Golden Lunar Series.]

Don’t know why I bought it. Maybe its because I like shiny things. I think silver prices might jump 50% over the next 3 years but the 1 ounce silver is current worth about $9.25 and the coin was just under $20 with shipping and insurance. I definitely won’t make my fortune with a $20 coin. But I guess its better than blowing money a DVD. Or is it??

Anyone else out there who likes collecting coins?

Check out my bookstore.
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• Gold Jumps: Has It Become Correlated To The Stock Market? I've been an avid collector of gold and silver coins and have been following the prices for a years. Gold is supposed to have a negative correlation with the stock market. This year has proved otherwise. Of course, as we've seen repeatedly in the past, all asset classes correlate to......
• What Happens When Demand for US Debt Dries Up? Over a year ago, I wrote about China threatening to stop buying US Treasuries. According to an article in the New York Times, it now looks like China is losing it's appetite for US debt : In the last five years, China has spent as much as one-seventh of its......
• Another Gold Investing Update Regular readers will know that I've been investing in gold since gold was in $500/Oz. I advised some readers not to jump in at $720 but wait for a pull-back. Well it pulled back from $720 to around $570 and then jumped up a bit. Today it settled around......

• Modern coin collecting fun but useless for preserving wealth The state quarters series is in the final stretch. The South Dakota quarter was released at the beginning of the month. (Will this be the only US coin with George Washington on it twice?) Only ten more states to go. There is a lot of educational value in the release......
• Liberty Dollar headquarters raided The Evansville, IN, headquarters of Liberty Dollar was raided by federal agents earlier this month.  The Liberty Dollar is an alternative currency backed by precious metals that is designed, and encouraged, to compete with current US currency as an "inflation-proof currency."  Documents, precious metals, and other equipment were seized.The Liberty......
• Hi-ho, Silver! Oh boy -- silver blew through $14 an ounce today and almost hit $15 before retreating a little. It hit $10 only six weeks ago! Gold still doesn't seem to be getting much respect, but it's above $630/ounce now. Silver's getting even less, apparently. How high does it have to......

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Related Posts

• February 18, 2009 -- Demand For Gold Tops $100 Billion!
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• August 16, 2006 -- Gold At $100 Off Its 2006 Highs