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FatherRosado wrote:Well just for fun I tried to pay for part of my lunch with a gram of pure silver. The manager at the store looked at the little gram of silver very closely then said that he was sorry but he could not accept it. I guess most people don't know the value of precious metals? I was happy he didn't take my gram of silver.

From the town down the road from me.-- From URL http://www.blog.providentmetals.com/protecting-your-wealth/oregon-gas-station-accepting-90-junk-silver-as-payment.htm

They run this time to time.




Oregon Gas Station Accepting 90% Junk Silver as Payment

Much of the recent interest in precious metals like gold and silver stems from the effects of price inflation.

Many people who buy coins like pre-’65 dimes, quarters and half dollars do so to protect themselves from the effects of this inflation – and to have a highly valuable medium of exchange in the event price inflation spirals out of control.

One sign pointing to this phenomenon was recently spotted at a Shell gas station off Interstate 5 in Ashland, Oregon.

There, motorists are greeted with a sign behind the front counter (shown above).

Wow, 20 cent gas!!

Those were the days…most of us alive have never seen anything like that. The lowest I remember is around $0.80 per gallon (regular cash, or Federal Reserve Notes). Today, gas prices are once again broaching records with many motorists now paying over $4.00 per gallon.

One of the factors driving record gas prices is a weak dollar and price inflation. But a burning question remains.

Is it wise to use my stash of pre-’65 dimes, quarters and half dollars to buy gas and groceries?

It may at some point but according to Michael Rozeff, not right now.

FatherRosado wrote:I showed them one of these http://shop.americancertifiedbullion.co ... 000056.htm I got it at the $4.05 price. I offered it as partial payment. The guy still said no. I just wanted to see if people would actually take silver. I was happy he said no.

silver wrote:Using credit cards for consumables is totally acceptable only if you pay it off at the end of the month. This is the practice I use and it hasn't failed me yet. You have to use discipline and don't buy but what you need. I get cash back using them.
Just my 2 cents worth.
ED

silver wrote:Using credit cards for consumables is totally acceptable only if you pay it off at the end of the month. This is the practice I use and it hasn't failed me yet. You have to use discipline and don't buy but what you need. I get cash back using them.
Just my 2 cents worth. ED

bgretz1989 wrote:I am the same way. Everything I purchase is via credit. 5% cash back on what I plan on paying for just makes sense to me. As long as your not building debt by paying it all off your making money.

Kurr wrote:Just my .o2 here.

I was told some years back not to ever buy consumables with a credit card. You eat the meal, burn the gas etc, then next month the bill comes in, and you have long ago used up what you bought. Then you not only have to pay for what you used, but you have to buy more for your current needs as well, either double spending or taking on more debt.

I personaly apply this philosophy of thought to PMs. I do not mind trading PMs for other things I need, but do not wish to trade a hard asset for a consumable, such as food. What do I have when I use that food once, or burn that gas? An epty stomach that needs refilled, an empty tank after the trip, and a void in my pocket where my silver used to be.

I personaly would rather trade for a durable good, such as a tool that I can use over and over to make more cash to buy PMs with or a product to trade for them, perhaps a raw material that I can convert into something that would multiply it's value and then I could trade, etc etc.

Again, just my $0.o2