Merchants accepting silver/gold for payment?

geo in mi · #61 01/01/11, 09:13 AM

You guys are all crazy. I'm going to invest my cash in the company that makes super accurate micro balance scales that operate without batteries...... (The higher the gold price, the smaller the flecks needed to pay for eggs and bacon....)

geo

pancho · #62 01/01/11, 10:46 AM

Quote:

Originally Posted by Trixie

I'm trying to understand the difference here.

Some are talking about investing in gold and making a profit when it increases in value, some are talking of having gold to pay taxes, etc.

If you are investing in gold - for investment - do you actually have the gold in your possession - or do you have a certificate and who is holding your gold?

If you don't have your gold in your possession, that would pose the problem of not really having it - or having to rely on someone else, wouldn't it?

As for having it in your control, how much would you actually keep around your home? In what form would you keep it?

As far as the powers that be no longer having control of precious metals, I'm thinking that's wishful thinking.

May this next year find us all in better health, and finances - and may our country begin to work it's way up again - and all those who invested in gold will make real profits but we will never find out who is right in this argument.

Gold can be used for both, profit and paying taxes.

A certificate for an amount of gold held by others is useless. Many times they do not even own any gold. If you can not hold it you don't own it.

Gold in coin form would be my preference. It should be an easy recognized coin. As far as how much to keep, I don't think there is any right amount. I am sure you can't get too much gold.

texican · #63 01/01/11, 12:10 PM

Quote:

Originally Posted by City Bound

thank you for the information tex. I did not know what was going on in Africa.

The gold and silver backed dollar IMO is still a silly and outdated logic system to base currancy on. This economy base of metals is an ancient hold over from the Metal ages when people took the currancy for its literal worth because it was used to make swords, tools, pots, and other actual things. Now, it seems to me that the present day idea of the value of currancy is like a ghost or a dream in peoples minds.

I see land, freedom, friendship, health, and love as wealth. I think it is safer for the greed-balls of the world to see more value in paper money and coins then in other forms of wealth because these kind of people just pervert whatever they touch in life for their own vanity, greed, and power hunger and it might be safer for these kinds of people to be preoccupied with these things so that they dont cause real trouble.

Agree mostly. I tend to trust something more that is not common, must be sought out, mined, smelted, and struck into coinage, than I do a piece of paper with numbers on it, that can be printed en masse, on a whim of a politician, with nothing but promises backing it up.

mightybooboo · #64 01/01/11, 02:23 PM

All I know is metal investments over the 5 and 10 year period are the best investments there have been.And in your hot little hand.

When the worldwide famine hits ( I'll hold my breath waiting on that),I dont care who you are if you arent Gates,Buffet and ilk with 500,000 acres and a private ARMY,you are toast,your warehouse WILL be over run,and you will be KILLED,even if its a group running unarmed into machine gun fire,you are history. Think you are Rambo,and an island unto yourself,you are way out in fantasy land.

Right NOW,REAL WORLD,its economic collapse thats the reality,and the reality to protect against that,currency wise,is metal.

As for how well weve done with 40 years Fiat...BRARAHAHAHAHAHAHAHAH!!! The Fiat money's value has collapsed! A 1964 DIME is worth TWENTY FIVE Fiat dimes! a 2011 dollar is worth 4 cents (some say 3 cents) in value to a 1920 dollar.

Like it or not,its reality. IF you have 'money' I want that real VALUE backed money,not toilet paper cyberspace 'money'

mightybooboo · #65 01/01/11, 02:42 PM

Quote:

Originally Posted by geo in mi

You guys are all crazy. I'm going to invest my cash in the company that makes super accurate micro balance scales that operate without batteries...... (The higher the gold price, the smaller the flecks needed to pay for eggs and bacon....)

geo

Yup,thats REALITY Geo,so very REAL WORLD that is,not fantasy land,REALITY,Here,Now.

mightybooboo · #66 01/01/11, 02:45 PM

Quote:

Originally Posted by Trixie

May this next year find us all in better health, and finances - and may our country begin to work it's way up again - and all those who invested in gold will make real profits but we will never find out who is right in this argument.

Ive already listed,factual,my returns during the collapse.Its already been PROVEN,I did it,reality.There is no speculation on that,just factual reporting.

silverbackMP · #67 01/01/11, 02:55 PM

Two pre 65 silver dimes still buys a gallon of gas (more than a gallon right now).

Never paper--always physical.

If you don't hold you don't own it...Ponce.

mightybooboo · #68 01/01/11, 04:56 PM

[QUOTE=Trixie;4834137]I'm trying to understand the difference here.

Some are talking about investing in gold and making a profit when it increases in value, some are talking of having gold to pay taxes, etc.

If you are investing in gold - for investment - do you actually have the gold in your possession - or do you have a certificate and who is holding your gold?
Not in YOUR possession,its all in reality just a promise.Like the Metal stocks Im in,in REALITY its all a promise,nothing more.Im not banking it will have ANY value when I retire,any more than I trust any stock,which is essentially ZERO,I would NEVER do a 401k or IRA again,ever! I wouldnt INVEST in Gold,IMO its a hedge against fiat collapse or economic collapse to PROTECT your wealth.

If you don't have your gold in your possession, that would pose the problem of not really having it - or having to rely on someone else, wouldn't it?
Yes indeed!

As for having it in your control, how much would you actually keep around your home? In what form would you keep it?
Thats all dependent on your finances.And your OTHER forms of insurance,you alone know where you stand in that regard.Definitely would hold in coin form.

As far as the powers that be no longer having control of precious metals, I'm thinking that's wishful thinking.
They used to control far more,but yes,their evil fingers remain all over it,just like it does with Fiat

May this next year find us all in better health, and finances - and may our country begin to work it's way up again - and all those who invested in gold will make real profits but we will never find out who is right in this argument.

City Bound · #69 01/01/11, 05:45 PM

I would like a more trustworthy currancy also, but will that ever occur? I doubt it , because the government and wall st would have to pay the piper then and that is something they could never literally afford to do, because their business is all smoke and mirrors.
It will also never happen, because the government, mega industy, and the super rich are the puppet masters for the money system that we volunteer ourselves to be in. They, will never get the short end of the stick, because they makes all the rules.

If people want to be free and have a stable currancy, then maybe they need to make their own money system as a community and keep it honest and stable.

People in the Birkshires of the state of Conn have made their own money and their own small system for running it and from what I read about it, and the little I have understood, it is working for them and it is a system that is still honest and wholesome.

When the banks collapsed not long ago in Argentina, some local communities made their own currancy and they were able to keep living as a community, even though the government money was shot.

mightybooboo · #70 01/01/11, 05:46 PM

Quote:

Originally Posted by texican

I like PM's, but they won't get you anything at Texican's Country Store... at least NOT till after I get resupplied several times (post shtf or post TEOTW).

Or you wont get anything either?

I could take a 2 cent match and a cotton ball and burn you into a Crispy critter. Think you are that omnipotent then?

Desperate folks take desperate measures,and 'my' starving wife and kids while you are fat and happy,nope,aint happenin'.I say we all go down with the ship,eh?

Again,ugly reality,hope your Army and Fire dept are up to snuff when the trees get sparked.

Nope,you are not immune,especially in a fixed defensive position.That isnt Military hardened,with that ARMY out to defend it.2 cent match......

Got your Bulldozer repellent?

Heeeeere's MARVIN!