Posted on 10/31/2020 4:32:49 PM PDT by blam
I know what you meant. You have to get a person willing to pay extra for the silver coin before you can spend it.
That's what they don't tell you.
You buy junk silver with dollars and you sell junk silver with dollars.
It's not money - it's a commodity - one with only maintains it's current value due to a group of people who think it has some inherent worth.
Great Britain used to use pieces of wood for their currency (tally sticks). Nothing special about gold or silver in a monetary way.
Waiting for it to hit $45/ounce and sold at $43. Originally bought at $17.
I then wrote a financial blog predicting it would go below $10. It almost did.
Watch oil. If it takes off to $100 then buy junk silver. Most commodities follow each other in the markets.
I am familiar with the author....he has been right about a great many such things
Says your 1964 quarter is worth $4.29. (If I'm reading it correctly)
“ A quarter is a quarter, regardless of its silver content.”
Okay then. I’ll trade you 1990s quarters for pre-64 quarters 1 for 1.
Take me up on it?
L
“Nothing special about gold or silver in a monetary way.”
I respectfully disagree. Both gold and silver have numerous uses in industry and high tech. Silver in particular is critical for all sorts of tech manufacturing. Both of these materials are expensive to extract and available only in limited quantities. US dollars on the other hand are created a trillion at a time whenever our politicians find it convenient to do so.
I think this is better discussed in terms of the value of the US dollar. The US dollar used to be worth 1/30th of an ounce of gold. Currently it’s worth 1/1,880th of an ounce of gold.
If nothing else it'll put a smile on the face of whoever you leave your guns to.
There is something interesting about coins.
All of our paper currency is based on debt (Treasury bills, notes, and bonds).
Think of this debt as a claim on the future labor of the US taxpayer.
The Federal Reserve controls all of this.
What does the US government control? Coins
The Fed buys coins from the government, but only enough to perform transactions.
Look on the Feds balance sheet. Paper currency is an asset. Coins are an asset. Federal Reserve notes a liability.
The answer to our monetary system is to have the US Treasury issue all of our currency, not based on debt but created to pay for infrastructure and reduced (destroyed) through taxation if the economy gets too hot.
They should stop making all of these claims on the future labor of the coming generations.
That's untrue.
Politicians have zero say over our currency. The Fed (international banks) control it all.
Think of it this way.
All money in a Fed-controlled system is based on debt, which is equal to a claim on the future labor of a country's citizens. It's a promise that labor will be supplied at some future date.
How much future labor can be promised? Infinite.
Will that crash the system? No - promises can be made until the cows come home.
The danger is that it creates debt slaves out of all nations.
The ONLY solution is to have our US Treasury control our monetary supply. No - our money does not need to be in the form of gold and/or silver...
My Winchester Silvertips will be worth a fortune!
“My Winchester Silvertips will be worth a fortune!”
Especially in Transylvania.
5.56mm
Ohhh, those are nice!
I’ve got my junk silver, ammo, reloading supplies, and food stores. Only preparation I’ve got to make is to fill up six 5 gallon water jugs, fill up all my cars with gas, and fill all the spare fuel cans and the generator. Might pick up a couple extra propane cylinders, too.
I thought the decline in electronic manufacturing was was drove the price of silver down to it’s current level?
bttt
Socialists are vampiric, so may be very useful here at some point in a future CW II.
I get a lot of my silver coins by hawking the Coinstar machines. Those machines typically do not accept silver coins.
Meant to say:
Look on the Feds balance sheet. Coins are an asset. Federal Reserve notes a liability.
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