Quote:
Originally Posted by crazyme4878
Okay, can someone clarify for me? Why does anyone care about precious metals in regards to preparedness? It isn't just this thread, but I have seen comments here and there about silver and gold and the price of and how pure...or something. I tend to skip over those posts... But who cares? Right now we use the dollar to purchase (please don't go into "the dollar isn't worth anything" arguement--I understand that), and if we can no longer use the dollar to purchase, well, wouldn't that be a SHTF scenerio where all that other planning and preparing would come into play? And if there was something you needed that you could still manage to "purchase," wouldn't you be more likely to do so by "purchasing" with something edible or drinkable or with something that helps another person get something edible or drinkable?
It seems like everyone is in line with the above thinking, but like I said, I have seen quite a few posts on other threads discussing silver and gold and just couldn't figure out why it mattered.
|
Evidently it is not likey you ever held any real money once in your life. This is pretty typical for anyone born after 1957, when the last Siver Certifiate was printed. The last 90% siver American coins were minted in 1964, and in 65 the last vestige if coins in a % of siver which I forget the % were minted.
I guess the last of any real valued coins we had was the cent in copper, and I forget what year that was as well.
The Govt's of the world typically guaranteed silver to be of a certain value since man made money. Before that assorted items were used as a means of trade, like sea shells as dentaliun shells, or wampum. Other early cultures use stonce, sometimes very large but cut to appear as giant donuts, and were so large no single man could move them.
Other cultures like the American Indian used ponies.
For some cultuers money was a sign of wealth you could wear, such as coins with a hole, or chains made of silver where to use the chain to buy a item, links were removed. In the early Euro/American Fur Trade Silver objects as earring, brooches, bracletts, and arm bands were wearable money.
Other metals were sometimes used as well, but mainly silver was the accepted metal then and since time, once silver was discovered.
Since then, silver was the basic standard, with odd bits of other metals sometimes accepted.
I am also aware of tobbaco leaves and grains such as corn being used as money, but silver was King over most forms of money for a very long time.
These days there is no guarantee what so ever as to the value of a dollar.
The dollar is what ever anyone is willing to trade for it, and since there is no standard, and any time the Govt wants it can cancell the use of private notes on a whim. If the Govt wants it can say a roll of TP is money as things are right now. And IMO a roll of TP is probably worth more than a buck. We would just look silly walking around trading items for rolls of TP.
It appears as working all day for most people earning dollars worth 2.1 cents is no problem, but in that case anything you buy is a really great deal huh?
I don't feel like breaking down to a 25 cent pice in silver right now, as I need more coffee, but if you do you will find a old siver 25 cent pieces is worth more than a gallon of gas if the gas is 5.00 bucks a gallon.
This should scare the pants of all of us, but it does not because most people have no idea, or care that money is worthless.
When a ounce of silver becomes worth the stated $250.00 this year it could mean a loaf of bread is worth so much you can't possibley pay for one. That all will depend on what usless trivial items you have, anyone else will accept as a item of value.
The why some people want these metals is to hedge the bet that silver and gold, with other metals will always have a value. That they see a day where a paper note not back up and guaranteed by anythung will be worthless.
What will you do with 10,000 worthless paper notes? I'll wipe my butt
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
that sounds good.
