You Can Shop At Amazon and Help Support Emergency-Preps.com Without It Costing You One Thin Dime - Click Here to Learn How!
0 Members and 1 Guest are viewing this topic.
I want something universally recognized, and widely accepted. I don't want to have to prove the authenticity every time it's used.
My question is, are there that many people making actual, concrete plans that the supply of junk silver has run out?If so, I'm thinking that it may be later than most folks think.
And the stock market hit a 5 year high today? Go figure
...some silver coins, which everybody accepts as having some standardized value...
Anybody got some rope?
Here's the thing about silver coins (and gold). All preppers are aware that US coins prior to a certain date were ninety percent silver, and so they know there is a certain quantity of that PM in the coin. (No, I won't get into government degradation of PM currency, as with Rome). And PMs have a multi-millennial history as stores of value. Put a ten thousand dollar gold watch next to a 100,000 dollar Tourbillion that doesn't look golden, and the standard dumb crook with take the cheaper watch every time. "Go for the gold!"Many relatively durable, portable, and rare substances have become "money" in the past, but PMs have been by far the most popular for at least three thousand years. There are several good reasons for that.
Sure, people will figure out a relative value for things sooner or later, but for the first while it will probably be difficult to know just how much corn your ounce of silver should buy.
Yes, but that would be true for anything you use as money - including straight up trades. How much coffee would your corn be worth, for instance?That's what free markets are for. And, if nothing else, markets in SHTF are likely to be pretty darned free.
Hmm, you know, the way my local credit union is set-up, between the CU and Visa, they could "mint" their own "money" and act as exchange and control. A super barter system, if you will.At least the physical requirements are there, whether you could organize such an exchange is another story.
The Constitution of the United States explicitly gives the right to coin money to the Government (specifically Congress, through various laws they pass).... (Article I Section . Recently someone was convicted of counterfiting because he coined his own money and offered it to people who willingly used it. Like the Mob, Government hates competition.
I'm afraid the myth of precious metals being a hedge against a down economy, doesn't quite hold.