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One way of monetizing gold is a gold chain. You just clip off one or two links and drop them on a powder scale. There are 480 grains to a troy ounce. At today's price, that's a little over $3/grain. If you make the chain out of 18 kt. gold, that drops it to $2.60/grain. That solves the problem of excessive gold value. If you pre-clip a few links, you can keep the chain hidden.
This was a medieval merchant's trick. A balance beam powder scale measures in grains and doesn't even need batteries.
For consideration of possible bartering I like silver dimes. Depending on the spot price of silver they are generally worth in the ~ $1.50 USD range most of the time. I call them the "new silver dollar". I actually got one from a cashier about a year ago which would be rare on it's own but I almost never pay cash for anything so its even more unusual.
For consideration of possible bartering I like silver dimes. Depending on the spot price of silver they are generally worth in the ~ $1.50 USD range most of the time. I call them the "new silver dollar". I actually got one from a cashier about a year ago which would be rare on it's own but I almost never pay cash for anything so its even more unusual.
For the purposes of bartering after SHTF, I generally use the expression "worth ten times face value," even though it is nowhere near precise, simply because I can usually get get them to understand that, without a calculator. I am always amazed at how many cannot multiply by 15 without a calculator.
For consideration of possible bartering I like silver dimes. Depending on the spot price of silver they are generally worth in the ~ $1.50 USD range most of the time. I call them the "new silver dollar". I actually got one from a cashier about a year ago which would be rare on it's own but I almost never pay cash for anything so its even more unusual.
You will run into the problem of younger people (and the older ones are dying off every day...) who never heard of dimes being made of 90% silver. Don't laugh. You can go to a coin dealer today who will know what you have. But if coin dealers are closed, try and use those dimes for "barter". People will give you 10 cents worth of credit - IF the dollar still has any value.
You will run into the problem of younger people (and the older ones are dying off every day...) who never heard of dimes being made of 90% silver. Don't laugh. You can go to a coin dealer today who will know what you have. But if coin dealers are closed, try and use those dimes for "barter". People will give you 10 cents worth of credit - IF the dollar still has any value.
You'll still be better off than people trying to pay for things in Bitcoin with the electricity and internet down. But in all seriousness, I remember in the 70's or 80's when silver hit near $40 (almost $120/ounce adjusted for inflation) people knew where the silver was and they scrounged and sold it. People were selling whatever silverware was mixed in with their flatware. Now silverware is virtually non-existent. If silver was worth $120/ounce again sorting through old piggy banks will be all the rage.
You will run into the problem of younger people (and the older ones are dying off every day...) who never heard of dimes being made of 90% silver. ...
I think a lot of that problem would sort itself out in a short time,
if people see a few among them have a preference for the
older coins. Of course, by the time they do, things will be pretty
bad, and I would stash my silver for a later date, in hopes that
things even out and trading becomes reasonably normal.
Once things return to normal, I think junk silver will have some value.
Money should be a store of value. It should have value today, tomorrow and in the future.
No, it shouldn't.
The purpose of money is to facilitate consumer transactions, and nothing more.
Your stupid doctor should be smart enough to know that, but apparently not.
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