The “cold” part of cold hard cash means gold or silver

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This weekend I went out and did something I haven’t done this century: I went to a coin dealer and bought some “real” money.  I’m doing this as a hedge against inflation.  As I was pulling out of the parking lot, I spotted a person wearing an “End the Fed” t-shirt, so I stopped to chat briefly.  Apparently he got the t-shirt at some sort of “tea party” (presumably as in “Boston Tea Party”) political/economic meeting.

I had never heard that slogan before, but encountered it a second time when someone forwarded me this link to Ron Paul on the topic: http://www.youtube.com/watch?v=NwHdSl1ASbA&feature=player_embedded

The coins in my collection that I purchased in the the 1990’s are now worth about double.  Not great as a speculative investment, but decent for savings.

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