| Home |
| Search |
| Today's Posts |
|
#11
posted to rec.boats
|
|||
|
|||
Will losses at Bank of America...
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.  |
| Thread Tools | Search this Thread |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Forum | |||
| (CA) [02/10] - Ever Ultra Roberts Bank BC 2007_0909_0657.jpg (1/1) | Tall Ship Photos | |||
| 35s5 Losses are Staggering! | ASA | |||
| A really big battery bank deal. | Boat Building | |||
| Monkey pretends to mourn American losses in Iraq | General | |||
![Reginald P. Smithers III[_9_] is offline](https://www.boatbanter.com/images/SultanThemeVB3R/statusicon/user_offline.gif)
Threaded Mode
