Gold has served as a store of value & as a medium of exchange for 6000 years of written & recorded history! Why do central banks hoard it in massive vaults if it's just useless stone???
Enjoy eating that silver during a collapse when its outlawed and people are
struggling to just eat. Try to hand me a bar of silver for a loaf of my
bread and I'm gonna tell ya to keep walking.
+Michael FI was only going off your example of shunning silver/money as payment because you cannot eat it. I was also assuming you made the bread, as you could not have purchased it if you are trading without using money (aka barter). You even listed the goods you would want to barter with.
+Mike Blain I don't run a bakery, it was an analogy. And I've never spoken about any style of ideal bartering society or the merits of one...so I don't know where you get any of the things you said or question me about.
+Michael FThats fine if you only want customers who are producers of paper, charcoal, gasoline, batteries, etc. But if you want your bakery business to succeed, you must not restrict your customer base like that. You would need to accept some kind of token which is recognized by everyone as having value (ie. some kind of money). If you don't, then your ideal bartering society would rapidly grid to a halt.
HOW TO Save Your Assets From The PAPER CRASH -- Will Lehr
We all know the paper crash is coming, and those who are not prepared may well lose everything. In fact, Ron Paul just released a statement proclaiming that ...
so if you hate and think the banking system is corrupt and evil now what
makes you think after a reset it's gonna be better?? when you put this kind
of thinking into peoples minds there is no way there are going to trust
anything after they have had their wealth stolen, ever no way no how so
tell me how your gold and silver is gonna be worth anything in terms of any
monetary valuation that will be made by some sort of banking consortium,
you really think people are are gonna trust the Chinese Communist govt.
sorry i have some problems with all of this that is being sold, I'm not a
defender of the bankers but you cant say on the one hand they are gonna
take your money, make your money worthless and then say when the reset
comes they gonna make multi millionaires out of people that hold P.M.'s
please help me here seriously
+miguel thecreditor I'm not assuming anything, the govts can decree all they want...countries and people that produce stuff will not accept paper currency for trade....which is why gold/silver was/is money, no counter party risk....prob won't happen over night...but people need to realize that black markets will spring up and anything of value will be with sound money or assets....also people need to be involved not just let the "elite" garbage scum make the rules again....
+Night Flyer They may try...but good luck when 100+ miilion people in america are armed to the teeth, even in 1934 with Communist FDR, it was voluntary "confiscation"....
+nomad07XX I understand that but you are assuming that the govt. is going to recognize such, dont be so sure that your P.M's are going to save you, I have P.M's too so I am not trolling here I an asking a legitimate questions here, no one knows what is going to come out the other end
Gold and silver is called honest money, because it forces honest accounting. It can't be conjured from thin air, which is why the US constitution sets the value of money in gold and silver terms. Precious metals are wealth Preservation, though there will probably be substantial gains in overall value as well.
Eagles and maple leafs demand more price because they are govt minted. They are considered currency. US HAS 1 dollar, Canada is 5$ and if someone copies them they get Fraud and Counterfeiting charges. A silver round can only get fraud . However they are all 1 ounce plus spot price. If you wanted to sell a maple or eagle and a round for same price, the eagle and maple would go first if same price therefore it demands a higher spot of about 1 dollar.
i cant stress this enough people, Grow a Food Forest, the best time to
plant a tree was YESTERDAY. Food and water will be much greater
commodities in the future. like they always say gold and silver are Stores
of wealth, they are only valuable in a POST collapse scenario, the actual
collapse itself could last months, or Years ! FOOD and WATER should be
priority 1 !