Gold & Silver Forum (http://goldismoney.info/forums/index.php)
- Gold - Silver - Coins - Numismatics (http://goldismoney.info/forums/forumdisplay.php?f=51)
- - Silver using as money (http://goldismoney.info/forums/showthread.php?t=387978)

AD9898 | 07-02-2009 07:16 PM
Silver using as money With all the trillions of cash being printed around the world with queasing, inflation or even hyperinflation is a real possibility. Gold and silver in the hands of the people is the last thing governments want because they cant profit or control us anymore. I think small ingots of silver will be great in the future instead of cash. Ingot we trust

latemetal | 07-02-2009 07:36 PM
Re: Silver using as money Yup, I buy silver and gold for just that reason, lots of ingots and 90% coinage.:565:

Algiz | 07-04-2009 07:17 PM
Re: Silver using as money Yea I can see that, maybe not ingots though, more likely coins.

AD9898 | 07-04-2009 11:30 PM
Re: Silver using as money Quote:
Originally Posted by Algiz (Post 1800997) Yea I can see that, maybe not ingots though, more likely coins.
Coins will only be worth their weight in silver anyway, so why not ingots? Last time in 1980 people were using quarter oz ingots, and half oz ingots. If price is $50 per oz, then you cant buy small things. Quarter oz ingots will be very usful.

Algiz | 07-05-2009 02:56 PM
Re: Silver using as money Quote:
Originally Posted by AD9898 (Post 1801208) Coins will only be worth their weight in silver anyway, so why not ingots? Last time in 1980 people were using quarter oz ingots, and half oz ingots. If price is $50 per oz, then you cant buy small things. Quarter oz ingots will be very usful.
Ah I was think about the same of them and weather it would be practical to carry them around

AD9898 | 07-05-2009 09:32 PM
Re: Silver using as money yes 1 oz silver wil b worth the same whatever form

Algiz | 07-06-2009 03:56 PM
Re: Silver using as money Quote:
Originally Posted by AD9898 (Post 1802459) yes 1 oz silver wil b worth the same whatever form
Yea here in the UK I would bet that old coins will make a comeback, you can pick up pre 1918 half crowns for �3 and at the minute they are worth like �2.98 in silver content. Pre 1947 half crowns that are 50% silver and so probably worth about �1 and there are also pre 1918 and pre 1947 crowns they could stand in for the �5 note, then you have florins, shillings, sixpences and old threepence's you could probably use them for change, especially the ones that are only in fair condition and don't have much value to collectors.

Mercenary | 07-06-2009 09:20 PM
Re: Silver using as money My take is (and this is my first post so here goes) that silver 1oz rounds or bars would work best for trading scenarios for basic small supplies should paper money or credit be unavailable or worthless. For outright hoarding, storing and investing, or for large trades, I think the bigger bars are better. Little coins for little purchases, big bricks for big buys.

ozcopper | 07-06-2009 10:14 PM
Re: Silver using as money Quote:
Originally Posted by Mercenary (Post 1804136) My take is (and this is my first post so here goes) that silver 1oz rounds or bars would work best for trading scenarios for basic small supplies should paper money or credit be unavailable or worthless. For outright hoarding, storing and investing, or for large trades, I think the bigger bars are better. Little coins for little purchases, big bricks for big buys.
Welcome to GIM, good first post.

Bluecat332 | 07-07-2009 10:34 AM
Re: Silver using as money I keep reading on this forum that you're buying silver in case of a SHTF scenario. Or you buy smaller denominations of coins/bullion to be more flexible in what you can purchase in such a scenario. And I have to chuckle at statements like: Quote:
"Gold and silver in the hands of the people is the last thing governments want because they cant profit or control us anymore."
Do you really think that the huge, international monetary organizations are nervous that we are acquiring the little silver and gold that we all have - and have individually? As a more realistic scenario, I could see these guys buying and selling gold/silver into valueless trinkets that although once powerful purchasing instruments, now are relics of a time we only read about in history books. Because, really, gold/silver only has the value that we assign it. If someone you are purchasing from doesn't maintain the same viewpoint, they will want the "currency of the day"... Most people are happy with the fact that these FRN's buy them cable tv, cell phones, a weekend at the beach and whatever else the MSM tells us that we "need". I doubt seriously that there would be a wholesale abandonment of the fiat monetary system that is in place - unless it were to be replaced by yet another fiat system (read IMF or Amero). And really, do you think we are going to be able to trust that the rest of the populace (the other 95% of them) is going to learn how to value goods/services in terms of gold/silver? Not sure they're going to go from "dollars and cents" to "ounces and grams" - hell we can't even get to the metric system! Geez, I hope I'm wrong, but I just can't see it. So I'll keep purchasing my little bits of silver and gold - not hoping to be able to buy milk one day after chipping off a piece of my 100oz'er, but secure in the idea that I'll be able to exchange it for enough FRN's (or Amero's) to buy groceries at the local company store. Again, I hope I'm wrong, and the American, European and Asian people wake up and decide to take their culture and their government and their money back from the Fed, the IMF and whatever other cloaked organization is out there stealing us blind... -Bluecat332

All times are GMT -4. The time now is 04:04 PM. |

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Copyright = None use it and Link to GIM