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To: 2banana

If we’re trading gold and silver, then we have a monetary system, not a strict barter economy. The definition of money is, “A medium of exchange, or a store of value,” independent of the item’s practical use. Gold and silver have some practical uses, but those will be no more relevant in a total economic collapse situation than will be the decorative value of cowrie shell.


16 posted on 09/27/2015 6:30:41 PM PDT by Tax-chick ("There will be no conservative issue islands left to stand on if the red tide comes in."~S. Knish)
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To: Tax-chick

Yes.

Hence Ezekiel 7:19.

https://www.biblegateway.com/passage/?search=Ezekiel+7:19&version=KJV


17 posted on 09/27/2015 6:41:47 PM PDT by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: Tax-chick

2 things I can think of regarding metals after the SHTF: First Gold/Silver will be easily, (and maybe the only thing), accepted by any new Gov. of ours that comes out of the ashes as a conversion or ‘trade in for the new’ for what they possibly might or will establish as their new ‘money’ system. 2: Their might be folks whom will only accept for whatever their reasons, as a trade for their goods/items etc, precious metals from the second party. We will see I guess.


23 posted on 09/27/2015 6:53:11 PM PDT by bobby.223 (Retired up in the snowy mountains of the American Redoubt and it's a great life!)
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To: Tax-chick

The concept of money does not require government.


34 posted on 09/27/2015 7:38:43 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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