hk wrote:
JoeSpareBedroom wrote:
"hk" wrote in message
. ..
JoeSpareBedroom wrote:
"hk" wrote in message
. ..
JoeSpareBedroom wrote:
"hk" wrote in message
...
Vic Smith wrote:
On Wed, 23 Jan 2008 12:22:00 -0500, "Reginald P. Smithers III"
"Reggie is Here wrote:

wrote:
On Tue, 22 Jan 2008 21:34:38 -0500, hk
wrote:

Gold has a bit of history as a valuable item. Beads, too. Paper?
No thanks.
You should own a bag or two of silver coins if you are looking
for
hard money. It is hard to make change for a Krugerrand when
you are
buying groceries
While gold and silver can be a valuable hedge against inflation
or a server recession and/or depression, it would have no value
if there was a complete breakdown in government and society.
Barter for real goods and services would be the new coin. Gold
only has value if people believe it has value, the same as with
our paper money.

Whoa. You're saying my VISA card won't work. Even the platinum?
Oh ****.

--Vic
Gold has been highly valued for thousands of years. If there is a
general collapse, it will be something easily traded for valuable
goods and services.
What's the smallest denomination you can buy these days?
I have no idea. I just buy Krugerrands and Canadian Maple Leafs in
the one troy ounce of gold size, but I think you can buy
Krugerrands in 1/10th ounce and other sizes. The Maple Leafs are
"purer," if you will. Both are recognized and accepted anywhere.
The face value is not really relevant, just the weight in troy
ounces. I started "collecting" them in 1992, when they became
"legal" again.

Try www.monex.com if you want to learn a bit about gold, silver
and other "valuable" metal coins.

Never mind.
You ask a question about coin denominations, I tell you a spot where
you can find some answers, and your response is "never mind"? Curious.


I was wondering how you'd get change if you presented someone with a
coin that you paid $50 or $100 for. Or more. And, what if that was all
you had to trade, but the person had no idea what it was worth?
Remember the 54% who never read?




Then that is the question you should have asked. The "denomination"
value on modern gold coins is less relevant than their weight in gold.
Now, collectors' precious metal coins are different. They have
collectible value, in addition to troy weight value.


When our society collapses, what will their value be? Can you eat it,
will it protect you from the elements?