Is your shop prepared for the upcoming barter system?

[Signarama Jockey]

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).

Well, Nixon and FDR did the legwork to decouple the dollar from gold already. Right now, gold can be valued in dollars per oz, but it's not tied to it any more than the price of pizza is. Right now, gold and silver are just commodities with a long history of perceived value and industrial utility. I'll be the first to admit that just because gold and silver have been used as money for literally thousands of years does not mean that they will always be, but it is hard to ignore such a strong record.

The government will do everything it can to keep a strangle hold on our finances so they can feed off of us like vampires. When the dollar dies, and whatever alternative currency comes into play, the government will come after us. I expect they will criminalize and confiscate gold (again) or bitcoin or silver or barter and they will impose some new scheme that we will be forced to use under the threat of imprisonment.

 

[Boudica]

 

[Johnny Best]

Signarama Jockey will start collecting shells..
"Shell money is a medium of exchange similar to coin money and other forms of commodity money, and was once commonly used in many parts of the world. Shell money usually consisted of whole or partial sea shells, often worked into beads or otherwise shaped. The use of shells in trade began as direct commodity exchange, the shells having use-value as body ornamentation"

 

[GAC05]

Signarama Jockey will start collecting shells..
"Shell money is a medium of exchange similar to coin money and other forms of commodity money, and was once commonly used in many parts of the world. Shell money usually consisted of whole or partial sea shells, often worked into beads or otherwise shaped. The use of shells in trade began as direct commodity exchange, the shells having use-value as body ornamentation"

Got any change, can you break a 20(ton)?

 

[Texas_Signmaker]

where is our daily silver price? Silver hit a high of $47 back in 2011. So if you bought during the hype like signrama keeps doing, you would have lost 32% over the next 13 years. If on that same day you bought a Nasdaq tracking ETF, you would have made an 851% return. I know it's not a popular way of thinking, since everyone assumes doomsday is coming and the country will just end... doesn't matter who is president either... it's dumb to bet against America.

 

[Signarama Jockey]

Signarama Jockey will start collecting shells..
"Shell money is a medium of exchange similar to coin money and other forms of commodity money, and was once commonly used in many parts of the world. Shell money usually consisted of whole or partial sea shells, often worked into beads or otherwise shaped. The use of shells in trade began as direct commodity exchange, the shells having use-value as body ornamentation"

Is it any weirder than trading little pieces of printed paper back and forth?

Also, tell me how many dollars it takes to purchase a single shell necklace. If it's more than one dollar, technically the shells are worth more than the paper is.

 

[Boudica]

at least you can hold it in your hand and see it. Bitcoin you cant touch or see, I still can't wrap my head around how that works. But I do know the giant facilities where they "store" bitcoin is a health hazard to the unfortunate people who live near a bitcoin storage facility.

 

[Texas_Signmaker]

Is it any weirder than trading little pieces of printed paper back and forth?

Also, tell me how many dollars it takes to purchase a single shell necklace. If it's more than one dollar, technically the shells are worth more than the paper is.

Shell, paper, gold... It's all the same. We assign value to things. Gold no different than shell.

 

[Patrick Farrell]

Until an iron clad value system is established it will always boil down to personal preference.

 

[WildWestDesigns]

at least you can hold it in your hand and see it.

The problem with fiat is that it's based on a "promise" that one is good for the debt. Which means that it value can also fluctuate depending on how reliable the current admin of the government is perceived in being able to back it up. That fluctuates. The value isn't in the paper itself. Seeing and holding something doesn't always have the same value among those goods that can be seen or held.

That "promise" is just about as ethereal as a more digital currency (which governments want a part of as well).

 

[Signarama Jockey]

at least you can hold it in your hand and see it. Bitcoin you cant touch or see, I still can't wrap my head around how that works. But I do know the giant facilities where they "store" bitcoin is a health hazard to the unfortunate people who live near a bitcoin storage facility.

Yeah, bitcoin smells like a scam to me. I don't know, maybe I'm wrong. Blockchain is cool, and the promise of anonymous but completely verifiable transactions sounds great, but when you really really look at it, bitcoin is just a ledger of ownership - it isn't anything tangible. I mean, a rock has some utility, even if it is just as a doorstop or paperweight. Bitcoin is purely digital, and it's utility is limited to what people think its value is (not entirely unlike the dollar).

I don't own bitcoin. I also don't own any NFT's. I see the two as twins.

 

[Signarama Jockey]

Until an iron clad value system is established it will always boil down to personal preference.

Ha, is that just another way of saying that it will always boil down to personal preference?

 

[Texas_Signmaker]

Spot price of silver is now over $34 per ounce.

how come you not updating us on the silver price anymore? Current price is $30, down 9% since you posted. Trump bump from stocks same time period are up 5%.

 

[Stacey K]

I looked into buying silver but when you sell it, you have to pay taxes on it. Is this correct?

Dogecoin up 120% in past week
Bitcoin up 25% in past week

A couple months ago I bought several "Trump" friendly stocks. I did good for a while then a couple weeks before the election they tanked. Now they are going back up very steadily. I'm hoping I hit on a couple penny stocks so I can retire LOL Maybe like the Nvidia stock...my sister did very well with that one.

 

[Patrick Farrell]

Ha, is that just another way of saying that it will always boil down to personal preference?

I mean....basically hahaha.

 

[Signarama Jockey]

how come you not updating us on the silver price anymore? Current price is $30, down 9% since you posted. Trump bump from stocks same time period are up 5%.

The valuation of stocks and commodities go up and down all the time. You can't measure how well anything is doing by comparing it to the highest point it has ever been. It would be like comparing the Texas Longhorns against their 92-0 win against Daniel Baker College in 1915. Did the Longhorns play like garbage last weekend because they only scored 49 points? I mean, that's a drop of 46%. Yes, on any stock trends there are points of over-exuberance, but I personally believe that $34 is still low. And, if you go to the market to buy real physical silver, no one is selling at spot price. Go look at some of the metals sellers online. I'd be shocked if you can find a one ounce silver bar being sold for less than $34 today.

Time will tell. I know which eggs I'm putting into which baskets, and it sounds like you have your own plan. We should let the chips fall where they may and see who is the greater fool.