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Is your shop prepared for the upcoming barter system?
- Thread starter Signarama Jockey
- Start date
Johnny Best
Active Member
Maybe grasping for the word "stupid".
Said Jake Paul to Mike Tyson.
Signarama Jockey
New Member
You have to grasp for the word stupid?
Hahaha... yeah, I bet you would.
Hahaha... yeah, I bet you would.
Signarama Jockey
New Member
Spot price of silver is now over $34 per ounce.
WildWestDesigns
Active Member
It's a little disconcerting that people don't care much of the "poor man's gold" and if it does hit $100 dollars an ounce (which some are predicting) that's going to impact a whole slew of things (dentistry, medicine, water purification and for those that are into the green energy take over, solar panels and EVs,and other things, some do and some don't directly impact peons like us). So yea, silver prices are kinda of a big deal, it isn't just about silverware and jewelry.
Texas_Signmaker
Very Active Signmaker
What's up with you? You leave and come back just to post this? You had so much to say before.
Stacey K
I like making signs
I looked into buying silver but you have pay taxes on it when you sell it - like 28% from my understanding. Seemed a bit risky to me. So instead I put some extra money in the stock market. Well, that took a crap the last couple weeks.
wrapworld2
New Member
I've used the barter system for the entire 25 years of my wrap shop.
I've traded out for some military generators underground storage tanks. 1000s of rounds of ammo - un known amount of weapons. Survival food crates. Underground tanks for fuel / and propane tanks buried. A 1945 decommissioned jeep. Camo covering for my underearth bunker hone. Solor panels out the wazoo. Lord knows how many batteries. Faraday defense systems against EMP weapons. So..... move to Tennessee. The hillbilly conspiracy theorist are thick down here..... but we have lots of hollers and woods . Plenty of livestock and food plots. Vehicle without smog control systems or computers in them. Pre 70s .... and lots and lots of tannerite packed in hrink wrap in old crown royal bags hanging in trees throughout the woods.
They may not have as many teeth as y'all but I gotta say. They pretty @#$% prepared out here in the sticks. Think hank Williams jr. wrote a song about these country folks. . . . .
Enjoy the panic. I'll be over here In my 240 acre patch of woods praying for yall.
I've traded out for some military generators underground storage tanks. 1000s of rounds of ammo - un known amount of weapons. Survival food crates. Underground tanks for fuel / and propane tanks buried. A 1945 decommissioned jeep. Camo covering for my underearth bunker hone. Solor panels out the wazoo. Lord knows how many batteries. Faraday defense systems against EMP weapons. So..... move to Tennessee. The hillbilly conspiracy theorist are thick down here..... but we have lots of hollers and woods . Plenty of livestock and food plots. Vehicle without smog control systems or computers in them. Pre 70s .... and lots and lots of tannerite packed in hrink wrap in old crown royal bags hanging in trees throughout the woods.
They may not have as many teeth as y'all but I gotta say. They pretty @#$% prepared out here in the sticks. Think hank Williams jr. wrote a song about these country folks. . . . .
Enjoy the panic. I'll be over here In my 240 acre patch of woods praying for yall.
Attachments
Geneva Olson
Expert Storyteller
he can't argue on facebook with anyone.
Ray Miller
Owner
I've often traded/bartered things over the years. Both parties always felt like they made out in the deal. The main difference is how you go about it. To legally barter, you must treat it as a cash sale and report the sales tax and all of your other expenses and report it on your taxes. Otherwise, you're just cheating the system. Also you can't barter certain things like groceries, your mortgage, car payments and sometimes not finding someone to barter with you, if you need a particular product. You will also find the type person who thinks their thing is worth more than yours and it ends in no business at all.
JBurton
Signtologist
I thought we were talking end of the world here, something tells me the schmo walking around asking who to hand this 10% tax to is going to do badly in this scenario...
Signarama Jockey
New Member
Yeah, gotta pay those extortion fees. I'd feel just terrible if I didn't pay the king his portion of my labor.
Also, silver is at $34.65 an ounce as of now.
But, this price isn't so much of silver becoming more valuable, it is the dollar becoming less valuable.
WildWestDesigns
Active Member
Well, there is talk about decoupling commodities from the dollar as well. That's where we are at. Now, I'm all for going back to the gold standard (what Greenspan wanted to do back in the 90s).
Signarama Jockey
New Member
I'm all for going back to actual gold and silver currency.
....although, then they wouldn't be able to tax every transaction.
...which I'm also okay with.
WildWestDesigns
Active Member
Depends on how it is setup. It too would have to be decoupled from the dollar in under to be on equal footing with the other currencies as well (unless we totally get away from any such type of fiat currency, which may be possible, people were already trying to push cashless not too long ago).
