If we had to pay in gold, silver, copper, vs. Dollar?
Posted: Wed Aug 12, 2020 3:50 pm
If we have to go back to paying like in the past, how will we pay? Do you hand someone a 1g bar and they give you ingots back for change?
Base Metal & Precious Metals Forum
https://realcent.org/
TXSTARFIRE wrote:Happy 1 year RealCent anniversary TCO.
franklin wrote:I will have some table at a local gun show soon. Powder and primers are in short supply nationwide and I am willing to trade a pound of powder for an ASE. Haven't figured out the trade equivalent of primers.
coppernickel wrote:It will take a while for us to learn how to figure in silver and copper coins.
Gold is too big for anything but very large trades.
We will only figure it out only when FRN are unavailable.
IdahoCopper wrote:I would pay one 90% dime for a 6-inch sandwich at Subway.
That is how it will work.
Changechecker wrote:Up until the recent run up, I tracked some items to gauge price/value of food against pm.
I started back at Y2K and tracked up until recently.
I silver dime was the same value as a can of Campbell tomato soup in 2000 approximately 35 cents
Today a can of soup is about the same. One silver dime 2.00 one can soup approximately $1.75 to $2.00
Also did same with a dinner entree Around 2000 an entree could be had for the cost of a regular silver dollar. Today it is about the same.
shinnosuke wrote:Changechecker wrote:Up until the recent run up, I tracked some items to gauge price/value of food against pm.
I started back at Y2K and tracked up until recently.
I silver dime was the same value as a can of Campbell tomato soup in 2000 approximately 35 cents
Today a can of soup is about the same. One silver dime 2.00 one can soup approximately $1.75 to $2.00
Also did same with a dinner entree Around 2000 an entree could be had for the cost of a regular silver dollar. Today it is about the same.
That is the kind of data that would help people see the sinister nature of monetary debasement by central banks. Slowly, but surely, one's savings lose their purchasing power. My box of cereal has gotten smaller and the price has gone up.