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Reginald P. Smithers III[_9_]

Reginald P. Smithers III wrote:
JoeSpareBedroom wrote:
"hk" wrote in message
. ..
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.

OK. You show up at a farmer's place looking for 4 ears of corn. Your
cheapest coin was $100, and he only has sons, so nothing else to offer
as change. Now what? Take an extra 182 ears of corn as change?

EDIT
Joe,
What you are saying is the reason we have paper money, but if the farmer
won't accept paper money, how do we know he will want hard curreny (ie gold).
Go;d only has value, because people thought it was pretty. With the
complete collapse of society why would he want gold? It is possible that
he will want cow and horse **** so he can grow more corn. If that is
the case, then "just" will be a millionaire.