YOUR SIDE: The Readers Take Over
Espousing the benefits of buying silver
To the editor:
Betty Brothers, the Salem City auditor, counts and wisely spends our pennies My main duty as treasurer of Salem is to invest any pennies left over. I am limited in what I can invest in, which is wise, since you don’t want to lose any of the principle. It must be collateralized. I would like the citizens of Salem to be aware of a situation.
Silver is priced by the Troy ounce, and it is currently $15.79 per ounce. The cost to produce an ounce of silver is $16 per ounce. It has also been historically in a ratio of gold of 16 to one.
The current price of gold is $1,200 per ounce, therefore the price of silver should be $75. The price of gold should either eventually come down, or the price of silver should go up. I would bet on silver since it is below the cost to even produce it.
A Troy pound of silver is 12 ounces, not 16, so be aware of this if you are buying a pound.
A silver round is a coin minted by a private mint — its only value is the silver. They are also made in different weight amounts, such as 1/10, 1/4, etc. This is the least expensive way to buy silver. You naturally can buy U.S. silver coins. They are more expensive, since they can also be used as currency.
I prefer to buy through the internet. Most sites charge you no sales tax or shipping if your purchase is above $150. There are many sites to choose from. I have most frequently used Govmint.com, APMEX.com; but as I said there are many more.
I would like you to remember that our currency used to be backed by gold and silver. Now it is only backed by the good will of Uncle Sam.
Your money is a note from a $20 trillion debtor, not the most comforting thought. I would rather have something of value then a debtor’s note. Junk silver is the term used for U.S. coins minted 1964 or before because they are only 90 percent silver. You should consider buying silver this Christmas.
DR. JOHN CONRAD,
A call for motorists to be careful with bicyclists
To the editor:
It’s a call for motorists in Ohio to be careful when passing a bicycle.
The Ohio legislature recently passed, and Governor John Kasich has signed, the so-called “3-Foot Law” that mandates at least 3 feet of clearance when a vehicle overtakes a cyclist on the road. The law takes effect in 90 days.
The law culminates several years of work by the Ohio Bicycle Federation and has Ohio joining a number of other states with a similar law.
The measure was supported by the Outspokin’ Wheelmen Cycling Club of Youngstown (OSW) whose members lobbied local legislators to pass the measure.
The OSW and the federation say the value of the “3-Foot Law” will be in educating the public about the rights of cyclists and the need to drive carefully when coming upon a rider on the road.
Under Ohio law, a bicycle must observe traffic laws but the cyclist has the legal right to use the roads.
Known as HB154 the new measure also allows drivers and cyclists to proceed through a red light if detectors to change the light to green fail to sense the bicycle or vehicle.