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?
We have a barter system in operation around here with farmers. Those who
barter make deals that please both sides. In the case you cited, the guy
offering up the gold might get "picking privileges" for a season or two
or three.
I have a barter set up for the bit of farmland I own. A local farmer
takes care of the land for me, grows whatever the hell he wants on it
(mostly produce for a truck stand he operates), I have "picking
privileges" for my table, and he and his operational farm equipment
help me out when I need it. This spring, he'll be removing two dying
trees for me, tilling our garden, et cetera. He trades some of the
silage on the land for riding lessons for his kids at a horse farm down
the way. I have entree to the horse farm to pet the animals and
contemplate whether I want a pet farm animal. No money changes hands.
I pay taxes on the land, but as undeveloped land, they are not onerous.
This isn't anything I developed. This sort of barter has been taking
place since Adam begat his brother or however that fairy tale goes.