To: Liaison
I would assume the gross weight of collector gold coins would matter over the original purchase priceI have been a gold bug since I was young - and now I'm old.
And I still believe the central mantra of goldbuggery - the price of gold never changes, it's the price of dollars that changes.
However.
The notion that you will be using gold as money after SHTF needs the following reality check (which plays into why I am no longer a libertarian): The first time you exchange a 0.10 oz coin for a loaf of bread, and unless you are an upper-tier Navy SEAL in terms of your personal fitness and aggressiveness, you are signing your death warrant, because the fact that you possess gold AT ALL will become common knowledge within minutes.
9 posted on
03/27/2020 6:56:34 AM PDT by
Jim Noble
(There is nothing racist in stating plainly what most people already know)
To: Jim Noble
To me, the plan is to hold gold as the dollar hyperinflates, then slowly trade some of it for the new fiat currency that will replace the dollar - and there will inevitably be one, backed by the full faith and credit of the United States Marine Corps. I doubt gold (or silver) will again become commonly used money in itself.
If the SHTF scenario you paint arises, an ounce of lead will get the ex-Navy SEAL more bread than .1 oz of gold. :)
14 posted on
03/27/2020 7:06:32 AM PDT by
Mr. Jeeves
([CTRL]-[GALT]-[DELETE])
To: Jim Noble
The first time you exchange a 0.10 oz coin for a loaf of bread, and unless you are an upper-tier Navy SEAL in terms of your personal fitness and aggressiveness, you are signing your death warrant, because the fact that you possess gold AT ALL will become common knowledge within minutes. Exactly what I've been saying. Junk silver... OK. A silver dollar or a silver Maple Leaf... it's like a twenty dollar bill. But a gold piece, especially of any significant size, will make one a target.
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