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How to Legally Rob Banks

July 30, 2020

In June of last year, for the first time in my professional life as a newsletter editor, I recommended buying gold. Since then, gold prices have increased by 36.5%.

But I also did the homework to find a way to make gold pay a yield, something that on its own it doesn’t do.

Spot Gold Price Gain—Source: Bloomberg Finance, L.P.

In turn, I made and continue to make the recommendation to buy Franco-Nevada (FNV), a non-mining stock that simply collects royalties and cashflows from gold production from other companies.

It doesn’t yield much at 0.7%, but that’s a world away from the 0.0% yield you get from regular gold or a gold ETF like the SPDR Gold Shares (GLD), which costs 0.40% annually in fees to own.

Since then, Franco-Nevada has returned 84.9%, which is way better than just the price movement in both gold and GLD.

Franco-Nevada & SPDR Gold Shares Total Returns—Source: Bloomberg Finance, L.P.

Gold became a value investment for me, specifically because of two major changes in the markets.

First, US short-term interest rates began to fall and that only became much more pronounced in the first quarter of this year. This meant that the opportunity costs as well as finance costs to hold gold dropped.

Second, the dollar has weakened and is heading back toward the long-term average as measured by the Bloomberg US Dollar Index. This makes gold in US dollar terms more valuable outside of any other fundamentals.

But now silver is getting in on the act. The “poor man’s gold” has now jumped to over $23 an ounce. And for similar reasons as gold. The one caveat is that while gold is also used in industrial applications, silver is viewed more as an industrial-use metal first, and an investment second.

Spot Silver Price—Source: Bloomberg Finance, L.P.

And in the process of silver buying, the spread between spot gold and spot silver has been narrowing, meaning that silver is beginning to outperform.

Spot Gold (XAU), Spot Silver (XAG) & Price Spread—Source: Bloomberg Finance, L.P.

This makes silver a bargain buy. And it reminded me of one of the chapters in my book: Income for Life, 65 Income Streams Anyone Can Collect.

The chapter, which I am sharing with you in full below, provides a way to obtain silver legally—for free.


Long ago, both of my grandfathers would give me two-dollar bills. They were more interesting at the time than other denominations including the portrait of President Thomas Jefferson and the reproduction of John Trumbull’s painting of the Signing of the Declaration of Independence.

I still have some of those that I tucked away. But while I see that some of these are on offer for a premium—there’s another story worth noting.

I was told of a fellow whose dad, back in the 1980s, used to give him his $6 weekly allowance in two-dollar bills.

But instead of rushing to the corner store and spending those deuces on candy or comic books or Ravel model car kits, the fellow would turn his $6 into $10… or $20… One time he turned it into nearly $60. And this was in the ‘80s when $60 was worth a bit more than today.


Well, you can do the same thing, with just a tiny bit of effort, and it’s 100% legal.

Here’s the thing. A well-documented loophole allows you to walk into any FDIC-insured bank (even if you don’t have an account) and walk out with real, hold-in-your-hand silver coins… absolutely FREE.

And that fellow with his $20-$60 scores was working small-time. I’ve learned personally about one California man who raked in about $80,000 using this method.

Here’s what you do:

The Five Magic Words

You head to a local bank branch with your cash (it doesn’t have to be $2 bills) and say this… “$X in change, please.”

You’ll probably get a sigh and an eye roll in return—but so what? We’re talking free income here. And note, the current COVID19 environment has presented a short-term challenge in circulation of coins given the fallout from local businesses and banks being locked down—but coins are getting back into the system.

Then make sure that change comes in quarters, dimes, half dollars, or dollars—and that’s it!

They’ll give you all the rolls of coins you have coming to you—and they won’t charge you one penny for the service.

Plus, it doesn’t have to be your own bank. So, you can do this at the bank branch down the street—or you can try it out thousands of miles from home, while you’re on vacation.

Then all you’ve got to do is sift through the coins and locate the ones from 1964 or earlier. This is where the free money comes in.

Those older dimes, quarters, half dollars, and dollars contain around 90% silver. Plus, pull out any 1965–1970 JFK half dollars you spot, as they contain around 40% silver.

All of them are worth—at current silver prices of around $23.13 an ounce—at least a few bucks each. Even the dimes. For example a pre-1964 half-dollar coin has 0.36 of an ounce of silver which would be valued at around $8.33.

Now you can see how my friend turned $6 in $2 bills into $20 or more each and every week for years.

And how the California man turned his cash into 2,000 ounces of silver, worth $80,000!

Now this loophole doesn’t always work, of course. That’s why I said it would take some effort (nothing is free—not even free money).

Not all banks will make large amounts of change all the time.

Plus, you need to be lucky. Not every batch of coins you get will contain a lot—or even any—pre-1964 silver coins.

But I’d estimate it works about 25% of the time—which is pretty good odds for free money and yet another income stream.

If you’re too lazy to do that little amount of work for so much money, well, maybe this method isn’t for you. And of course, there are plenty of other chapters in the book covering all sorts of income investing ideas as well as other ways to cash in on hobbies or activities.

But I’m sure you’ve got the gumption it takes to make this loophole work for you.

One Last Little Secret

Now if find yourself making no headway with this loophole—if every single quarter, dime and half dollar you get back is 1965 or newer—chances are, word is out in your town.

The tellers at your local branches know how to “rob” their own banks. They’ve presorted the coins that come in—and have pulled out the old, good stuff.

If that’s the case, I’ve got a second loophole you can use.

The foolproof way to get silver is to have your bank order your coins directly from the Federal Reserve.

The Fed will deliver those coins wrapped up tight, and the tellers won’t get their mitts on them. And the orders are being placed near daily by local banks already to address coin circulation issues noted earlier.

They’ll be your coins.

If the tellers hassle you about your request, just use that “free money” gumption I know you’ve got and bully through. Talk to a manager if you have to.

Getting those coins is your right.

And so is your free silver.

All My Best,

Neil George
Editor, Income Investor’s Digest & Profitable Investing
Author, Income for Life