Economy collapsed, to have your gold, now how do you spend it? - Page 2
Firearm & Gun Forum - FireArmsTalk.com > General Discussion Forums > Survival & Sustenance Living Forum > Economy collapsed, to have your gold, now how do you spend it?

Reply
 
LinkBack Thread Tools Display Modes
Old 01-25-2011, 07:24 PM   #11
Moderator
FTF_MODERATOR.png
Feedback Score: 0 reviews
 
c3shooter's Avatar
 
Join Date: Feb 2008
Location: Third bunker on the right,Central Virginia
Posts: 17,159
Liked 9509 Times on 4092 Posts
Likes Given: 1493

Default

Poink- shop carefully, they are out there. Just picked up 100 mercury dimes for $200, and yes, I know the seller.

__________________

What we have here is... failure- to communicate.

c3shooter is offline  
 
Reply With Quote
Old 01-25-2011, 07:36 PM   #12
Feedback Score: 0 reviews
 
Join Date: Mar 2010
Location: TX
Posts: 1,118
Liked 2 Times on 2 Posts

Default

Quote:
Originally Posted by c3shooter View Post
Poink- shop carefully, they are out there. Just picked up 100 mercury dimes for $200, and yes, I know the seller.
That's the key isn't it? Good deal. Almost spot on melt value.

I am staying with with silver eagle dollars as much as possible and I think today may be the best time to buy since silver dipped these past 3 weeks. I have a local contact as well who sells eagles 10% over spot. Still good deal as far as I am concerned since he prefer cash transactions.
__________________
Poink88 is offline  
 
Reply With Quote
Old 01-28-2011, 02:24 PM   #13
Feedback Score: 0 reviews
 
oneshot's Avatar
 
Join Date: Dec 2010
Location: columbus,ohio
Posts: 152
Default

I have to agree with the t.p. with that mind set I would also have to say that tampons and pad would proably be worth more than gold or silver in the long run. Think about it when the neighbors wife is screaming at him for when her time start I'll be willing to bet you could sell something like that for almost what ever you want for it. Just so he can get her to shut up.

__________________
oneshot is offline  
 
Reply With Quote
Old 01-28-2011, 02:27 PM   #14
Feedback Score: 0 reviews
 
Scratchammo's Avatar
 
Join Date: Sep 2010
Location: Memphis,The volunteer state
Posts: 1,471
Liked 24 Times on 18 Posts
Likes Given: 160

Default

Quote:
Originally Posted by oneshot View Post
I have to agree with the t.p. with that mind set I would also have to say that tampons and pad would proably be worth more than gold or silver in the long run. Think about it when the neighbors wife is screaming at him for when her time start I'll be willing to bet you could sell something like that for almost what ever you want for it. Just so he can get her to shut up.
That's why I'd save up for some diamonds also
__________________

"THE SIERRA JUST HOTEL TANGO FOXTROT -OVER"

MALO PERICULOSAM LIBERTATEM QUAM QUIETUM SERVITIUM

Scratchammo is offline  
 
Reply With Quote
Old 01-28-2011, 02:58 PM   #15
bkt
Feedback Score: 0 reviews
 
Join Date: Apr 2007
Location: Rochester, NY
Posts: 6,973
Liked 1305 Times on 664 Posts
Likes Given: 151

Default

Quote:
Originally Posted by Scratchammo View Post
I'm sure the title says it all. Say you have an ounce of gold & need to use it, how? Would you barter it? Would you trade it for silver rounds?
Should our dollar collapse, one of the last things I would do is part with precious metals. In fact, I would be looking to increase my supply by trading stuff I can provide to others for gold and/or silver.

Once a new sound currency -- a commodities-backed currency -- comes around, then I might consider trading my metals for currency.

Another angle might have me cashing in gold or silver if the prices rise so much that I can cash in a little bit of metal to pay off a lot of debt. Paying off debt is important, IMO. But that doesn't require a collapse of the current currency; just a big dip in value.
__________________
bkt is offline  
 
Reply With Quote
Old 01-28-2011, 03:05 PM   #16
bkt
Feedback Score: 0 reviews
 
Join Date: Apr 2007
Location: Rochester, NY
Posts: 6,973
Liked 1305 Times on 664 Posts
Likes Given: 151

Default

Quote:
Originally Posted by Scratchammo View Post
That's why I'd save up for some diamonds also
Diamonds aren't usable as money.

Money must be a medium of exchange such as when it is used to intermediate the exchange of goods and services. It thereby avoids the inefficiencies of a barter system.

Money must be a unit of account in that it is a standard numerical unit of measurement against the market value of goods, services, and other transactions. To function as a 'unit of account', whatever is being used as money must be:
- Divisible into smaller units without loss of value; precious metals can be coined from bars, or melted down into bars again.
- Fungible: that is, one unit or piece must be perceived as equivalent to any other, which is why diamonds, works of art or real estate are not suitable as money.
- A specific weight, or measure, or size to be verifiably countable.

Money must be a store of value which means money must be able to be reliably saved, stored, and retrieved – and be predictably usable as a medium of exchange when it is retrieved. The value of the money must also remain stable over time.

Money must be a standard of deferred payment, which is to say an accepted way to settle a debt.

Go with metals. Gold, silver, brass, copper and lead spring to mind.
__________________
bkt is offline  
 
Reply With Quote
Old 01-28-2011, 03:08 PM   #17
Feedback Score: 0 reviews
 
Scratchammo's Avatar
 
Join Date: Sep 2010
Location: Memphis,The volunteer state
Posts: 1,471
Liked 24 Times on 18 Posts
Likes Given: 160

Default

Quote:
Originally Posted by bkt View Post
Diamonds aren't usable as money.

Money must be a medium of exchange such as when it is used to intermediate the exchange of goods and services. It thereby avoids the inefficiencies of a barter system.

Money must be a unit of account in that it is a standard numerical unit of measurement against the market value of goods, services, and other transactions. To function as a 'unit of account', whatever is being used as money must be:
- Divisible into smaller units without loss of value; precious metals can be coined from bars, or melted down into bars again.
- Fungible: that is, one unit or piece must be perceived as equivalent to any other, which is why diamonds, works of art or real estate are not suitable as money.
- A specific weight, or measure, or size to be verifiably countable.

Money must be a store of value which means money must be able to be reliably saved, stored, and retrieved – and be predictably usable as a medium of exchange when it is retrieved. The value of the money must also remain stable over time.

Money must be a standard of deferred payment, which is to say an accepted way to settle a debt.

Go with metals. Gold, silver, brass, copper and lead spring to mind.
I was referring to using them to shut her up like Ron White recommends. I do see your point however. I have a rock from the diamond mine in Arkansas but I won't be trading that anytime soon. I think for such an occasion lead might outdo the diamonds
__________________

"THE SIERRA JUST HOTEL TANGO FOXTROT -OVER"

MALO PERICULOSAM LIBERTATEM QUAM QUIETUM SERVITIUM


Last edited by Scratchammo; 01-28-2011 at 03:14 PM.
Scratchammo is offline  
 
Reply With Quote
Old 01-28-2011, 03:23 PM   #18
Feedback Score: 0 reviews
 
Join Date: Mar 2010
Location: TX
Posts: 1,118
Liked 2 Times on 2 Posts

Default

My problem with people who fail to see the benefit of PM (gold/silver) is they seem to only see the extreme SHTF scenario...only TEOTWAWKI or armageddon type. In this case I will agree with them. However, in most cases (where for me matters most), society will just shift and eventually recover. Here is where PM really shines.

If we want a better discussion, I believe the particular SHTF scenario must be defined properly so we are all on the same page.

__________________
Poink88 is offline  
 
Reply With Quote
Old 01-28-2011, 05:20 PM   #19
Feedback Score: 0 reviews
 
dunerunner's Avatar
 
Join Date: Jul 2008
Location: Florence, Oregon
Posts: 8,481
Liked 32 Times on 22 Posts
Likes Given: 4

Default

I will sell you my beer for Gold, ammo, canned food, toilet paper or ammunition. You can then trade the beer for what ever you want.

__________________

People get the government they deserve.

dunerunner is offline  
 
Reply With Quote
Old 01-28-2011, 05:36 PM   #20
Feedback Score: 0 reviews
 
Scratchammo's Avatar
 
Join Date: Sep 2010
Location: Memphis,The volunteer state
Posts: 1,471
Liked 24 Times on 18 Posts
Likes Given: 160

Default

Quote:
Originally Posted by dunerunner View Post
I will sell you my beer for Gold, ammo, canned food, toilet paper or ammunition. You can then trade the beer for what ever you want.
Alchohol like cigarettes are actually a good form of currency, we used cigarettes on the ship all the time. I guess if alcohol is money then moonshine would be counterfeit
__________________

"THE SIERRA JUST HOTEL TANGO FOXTROT -OVER"

MALO PERICULOSAM LIBERTATEM QUAM QUIETUM SERVITIUM

Scratchammo is offline  
 
Reply With Quote
Reply

Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Firearms Forum Replies Last Post
The economy is so bad ... canebrake The Club House 44 09-17-2010 06:53 AM
Economy fixed. skullcrusher Politics, Religion and Controversy 9 04-03-2009 01:48 AM
The Economy - Another View Dillinger The Club House 7 03-11-2009 05:49 PM
Fred on the economy Chester The Club House 1 12-20-2008 01:16 AM
8 min about economy adamhome The Club House 0 12-08-2008 09:35 PM