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Old 09-22-2010, 01:00 PM
 
Location: Where the mountains touch the sky
4,919 posts, read 5,805,760 times
Reputation: 8314

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True, but silver is holding around $20.00 an ounce. That means I can buy around 30 oz before they have to report it. Besides, I rarely buy from coin dealers, and I sure can't afford gold.

Besides, if it is used as currency or trade between individuals, there are a lot of transactions that obama won't hear about or be able to get his hands on in the new black market economy if this keeps up. There will be a lot of bartering and trading instead of cash deals. I saw that a lot in Eastern Europe where people were used to dealing with an overreaching government. The economy went underground.

I do know a couple places I can pan some gold out if I wanted, but there is no place to sell placer gold, so I would have to smelt it into my own ingots, but there is no assurance of purity. Besides, while I could pan enough to keep myself in beans pretty easy, there isn't enough there to warrent a larger operation, so I consider it a no intrest savings account. I can get it if I need it, but it isn't going anywhere if I don't.
And before you ask, it is on private ground so nobody else will be stumbling on it either.

I tend to agree with you on general terms rickers, however, it is hard to buy a bag of spuds with a smile and a hug, I just ain't that pretty!!

 
Old 09-22-2010, 01:13 PM
 
Location: Lost in Montana *recalculating*...
11,861 posts, read 15,514,458 times
Reputation: 12163
Quote:
Originally Posted by Walter Greenspan View Post
At current prices, a single one ounce gold bullion coin will cost more than $1,300.
Yeah, I'm referring to the burden of reporting seemingly mundane transactions, not just dubloons
 
Old 09-22-2010, 08:40 PM
 
Location: Brendansport, Sagitta IV
7,543 posts, read 12,608,126 times
Reputation: 2954
Quote:
Originally Posted by Threerun View Post
That's a part of the bigger $600 purchase reporting requirement on the 1099.. That's going to be tough on all small businesses, not just coin dealers.
And a hostile interpretation could hold that if you spend $600 on household groceries at Costco and wrote a business check for it, that's reportable!!

As someone else said, way to drive the economy underground...
 
Old 09-22-2010, 08:44 PM
 
Location: Brendansport, Sagitta IV
7,543 posts, read 12,608,126 times
Reputation: 2954
Why No One Eats At My House, Not Exactly Kosher:

Leg o' Lamb roasted with a pound of bacon draped over the top.

Didn't do anything special for the lamb (the idea was to prevent it from drying out without having to baste it, and I suppose it accomplished that much) but it made the best broth in the history of future mutton soup.
 
Old 09-22-2010, 08:46 PM
 
Location: Spots Wyoming
18,696 posts, read 36,462,881 times
Reputation: 2147483647
What the hell happened to Mooo Juice? Has anybody else seen this?

2 weeks ago, I was in town and picked up a gallon of Whole milk at Wally World. Great Value. Store brand. It was $2.50. Today, I was in town and picked up a gallong of milk. Same stuff. $3.89. Huh?

I even dug out my receipt from 2 weeks ago thinking I was mistaken. Nope, receipe confirms it.

Did our cows go on strike?
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Old 09-22-2010, 09:51 PM
 
Location: Lost in Montana *recalculating*...
11,861 posts, read 15,514,458 times
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I think the national avg is around $3.25 a gal. May have been some special the week before?

I know 2009 was a depressed year for milk prices and they were forecast to increase in 2010-2011.. Supply reduced- not as many cows giving milk.

My son has to drink the lactose free stuff, so we pay A PREMIUM. Liquid gold, lol.
 
Old 09-22-2010, 10:01 PM
 
Location: Spots Wyoming
18,696 posts, read 36,462,881 times
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Quote:
Originally Posted by Threerun View Post
I think the national avg is around $3.25 a gal. May have been some special the week before?

I know 2009 was a depressed year for milk prices and they were forecast to increase in 2010-2011.. Supply reduced- not as many cows giving milk.

My son has to drink the lactose free stuff, so we pay A PREMIUM. Liquid gold, lol.
No, it had stayed at $2.50 for some time. Wasn't a special. Just really surprised me to jump like it did.
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Old 09-22-2010, 10:01 PM
 
Location: In The Outland
6,023 posts, read 11,909,801 times
Reputation: 3535
The prices just keep soaring and the wages are stuck in a rut. Poor folks are screwed, families are struggling big time everywhere. I keep telling myself how lucky we are then I open the mail and find a bill for a shot my wife got for her knee (needs a replacement) to ease the pain that lasted for a few weeks.
$720. for the shot and there were other charges stemming from the same doctor visit.
I don't have insurance like her so I generally just go without any medical care at all.
How do folks make it anymore ? I want the fifties and sixties back !
 
Old 09-22-2010, 10:16 PM
 
Location: Spots Wyoming
18,696 posts, read 36,462,881 times
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Quote:
Originally Posted by rickers View Post
The prices just keep soaring and the wages are stuck in a rut. Poor folks are screwed, families are struggling big time everywhere. I keep telling myself how lucky we are then I open the mail and find a bill for a shot my wife got for her knee (needs a replacement) to ease the pain that lasted for a few weeks.
$720. for the shot and there were other charges stemming from the same doctor visit.
I don't have insurance like her so I generally just go without any medical care at all.
How do folks make it anymore ? I want the fifties and sixties back !
You are dead on. I'm not sure how people make it. I have VA rights for some things, but other things, I'm billed. I don't have insurance. So right now, I'm behind a bunch.

A few years ago, I was found in a Coma. I was taken to the local hospital. 7 days later, I come to and the first thing I told them was, "Take me to the VA, I have no insurance." they took me. For that 7 days, I was billed over $50,000. Hey, wait a minute, I didn't eat anything.....
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Old 09-22-2010, 10:23 PM
 
Location: Lost in Montana *recalculating*...
11,861 posts, read 15,514,458 times
Reputation: 12163
From 2003-2007 I paid about $750 p/mo for my share of health insurance. My employer did not cover my wife and kids. That was using an HSA account to help defray the cost, which was really negligible to say the least. Single income, two kids- we ate a lot of venison, peanut butter and homemade bread (which we still do)..

Many of my small business clients back in WV simply went without insurance. Couldn't afford it for themselves, let alone their employees. Their kids went on CHiP programs and if they themselves got injured- no paycheck. Make payment arrangements with the hospital and doctors groups.
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