Silver Barter for Food

[TXBullion]

I went to pick something up with the fiance today on long trip. We stopped to grab some food on our way back. Lo and behold, the guy takes silver for his special combo! I didnt have any but the rate wasnt the best. He said he posted this rate last week. So far he has been doing it one month and has not received any customers. Asked him if he had any to sell but he was a holder

[timmus0382]

That's great I wish I saw that more often especially for things that will outperform silver like guns and ammo I can see a box of any common caliber going for a couple ounces in the future. People have to eat and protect their families. You know you can't eat silver and you can't throw it fast enough to penetrate. Or something like that.

[neilgin1]

Tex, that is the one of the most telling pictures i've seen since we started this new paradigm, its a glimpse at the future, thats for sure.

thank you bud, neil

[neilgin1]

That's great I wish I saw that more often especially for things that will outperform silver like guns and ammo I can see a box of any common caliber going for a couple ounces in the future. People have to eat and protect their families. You know you can't eat silver and you can't throw it fast enough to penetrate. Or something like that.

good point, but i think you got to have the whole mix. If you just have silver or PM's, you got 'victim' written on you. if you have just have guns-n-ammo, and thats how you're going to feed your family, you have 'brigand/pirate' written on you, which in some parts might be a death sentence. If you have the whole package, including a means to grow food, and are an upright member of a community, known as a square dealer, then we can pull through this mess coming down the pike.

[anarchir]

In NH, Free State Project members frequently accept silver as payment for goods and services.

Specifically, the upcoming Porcupine Freedom Festival (link below) will have many vendors who will be selling food and other things for silver.

http://porcfest.com/vending

[Morsecode]

Once the cigar store starts doing it that'll be the end of my hoard. Arturo Fuentes for a quarter? oh yeah...

[mortarman]

I've been giving this issue some thought for a while. The biggest stumbling block most folks will have is perceiving the price of an ounce from the perception of a falling dollar. In order for this to fly at a realistic exchange rate, there has a to be a tipping point at which, regardless of the price in FRNs, the market has stabilized the price of an ounce of silver (or gold/copper/ni) relative to the available supply of goods/services.

We are already seeing huge distortions in the economy where our purchasing power seems to be going through the roof, since the exchange rates of our hoards are accelerating relative to the cost of other goods and services. There will come a day, most likely after we see a significant hike in interest rates, when the excess reserves that the Fed has been creating and paying -.25% since TARP I will be flushed into the domestic money supply. This should drive prices up across the board.

Case in point: I bought a Beta C .223 Drum for $275 after Tucson back in January. I paid for it in silver, and got about $30/oz for it. It was a knee jerk reaction to the proposed hi-cap mag ban, and it lost me over 50% in nominal gains. Eventually, the price of consumer goods will catch up, but it's going to suck in the mean time every time we have to convert our metal savings into FRNs IOT make daily purchases of things that aren't keeping up. Another reason to maintain good cash flow, even in a highly inflationary environment.

[AGCoinHunter]

I like that he has an "NO OBAMA" sticker under it. I think you will see this come up more and more as people realize how worthless fiat is. Now when I see them taking pre-82 cents, I will be amazed.

[IdahoCopper]

I posted a similar offer on my business Facebook page:
http://www.facebook.com/pages/Beefjerky ... 6449615113

So far, only one customer with silver for jerky. He is on this forum.

The .gov is up to its usual tricks. Obama has started a commission to watchdog gasoline prices. They think the oil companies are price gouging. The .gov will do and say anything to avoid admitting the truth, the dollar doesn't buy as much oil as it used to, so fuel prices are going up. Its inflation of the currency.

[sparechange]

The .gov is up to its usual tricks. Obama has started a commission to watchdog gasoline prices. They think the oil companies are price gouging. The .gov will do and say anything to avoid admitting the truth, the dollar doesn't buy as much oil as it used to, so fuel prices are going up. Its inflation of the currency.[/quote]

Another commission? Wonder what it will cost the taxpayer? Oh well, it's on fiat!!

[Treetop]

That's great I wish I saw that more often especially for things that will outperform silver like guns and ammo I can see a box of any common caliber going for a couple ounces in the future. People have to eat and protect their families. You know you can't eat silver and you can't throw it fast enough to penetrate. Or something like that.

good point, but i think you got to have the whole mix. If you just have silver or PM's, you got 'victim' written on you. if you have just have guns-n-ammo, and thats how you're going to feed your family, you have 'brigand/pirate' written on you, which in some parts might be a death sentence. If you have the whole package, including a means to grow food, and are an upright member of a community, known as a square dealer, then we can pull through this mess coming down the pike.

I agree 100 percent. great post!!!

[VWBEAMER]

Why would I pay on silver when I got worthless FRNs to get rid of???

[Rodebaugh]

Makes me think: would 25 cents be a valid/fair price for that combo in 1964? and......were there hotdogs in 1964?

[abe]

I wonder if the hot dogs in 64 had chicken lips in them?

[OneBiteAtATime]

This is interesting..... I've been exporing how to trade Labor for Silver for some time now.... has anyone managed to make something like that happen?

[neilgin1]

This is interesting..... I've been exporing how to trade Labor for Silver for some time now.... has anyone managed to make something like that happen?

i dont know about "now"...where we have some sort of Fed Reserve fiat, full "faith and trust" game still hobbling along, but i was "wargaming" out a future scenario, with some friends, how much would labor/stuff cost? How to valuate goods.services.

the only historical model i can validate is in the New Testament, where it references a laborer's daily wage as a denarius, the roman 1/10th an ounce of silver.

for trade, barter purposes, lets just say that within the US, the prime instrument of trade would be the pre-65 90% silver coinage,

we all know that 90's in the $10 face value have 7.23 TROY ounces in them, but what about individual US 90%'ers, how would we round them off, or UP, shall i say:

our dime has .07 troy ounces in each one, so do we round them up to a tenth of a troy ounce? which would make it a modern denarius.

i've read that if you factor in inflation and old CPI accounting numbers, the old "Hunt" high comes out to $440 the troy ounce, which would make the 90% dime worth $44 "dollars", about what minimum wage 8 hour labor nets today, after taxes, and all that.

But if we go to coinflation, the intrinsic value of a 90% dime is quoted at $3.37 based on the play game Comex quote of 46.68 (4/22/11)

so what's it really worth? (i'm sorry to seem to be meandering, but i'm still tugging on my second cup of coffee)

i look at 90%'er's and ask, in a trade situation, what do we round the silver content up to?

the dime with .07 t oz, seems to be a obvious tenth of a t oz.

but what about the quarter, and its .18 t oz silver content, do we round that up to .20, a fifth of a t oz, or do we just say for trading purposes, its a quarter of an oz? period.....OR does it trade between .20 to .25?

the 90% half Dollar is even more difficult, as you all know, it has .36 t oz silver content, so do we round to .40, 2/5th's an ounce, or again, just quote a 90% halve at a half an ounce?

in a barter situation, a trade deal with silver as the medium, the store of wealth, who would have the upper hand? the guy with the full cord of split dried firewood, or the guy with the unc Franklin half? that MIGHT be valued at $220?

one might say, the guy with the firewood has the upper hand, BUT what if another guy, who also has a cord of split cured firewood, knows somebody who is willing to sell a hindquarter of dressed hog for a 90% Half Dollar, and says "i'll sell you that firewood for a Franklin half?".....ok.

but now the first firewood seller, who has to buy some flour and lard to buy, counters, "Give me a quarter and a 2 dimes for the cord".

who has the upper hand? bear with me a sentence more.

so the 2nd fellow, who REALLY wants this hindquarter counters, counters, "tell ya what, i'll throw in another face cord, and lets call it a deal".

so you're the guy with the 90% Franklin, what do you do?

i realize this is just a hypothetical situation, with many variables. The guy with the hindquarter of hog could even trade with the 2nd firewood guy, and the 1st firewood seller could sell for a quarter and two dimes, to buy flour and lard, knowing he'll get "change" back.

What i've been thinking about for months is "what is currency"? what are essentials worth in coinage, when FRN's are no good?

and i fully believe in such an environment, that there is a place for the copper penny as well as the 75/25 nickel.

One thing i read about was "Ferfal's" testimonies about what happened in Argentina during their currency crisis, and from what he wrote is that coinage just disappeared, went underground. and i know this, those Afghani farmers growing poppies, etc.....you "trade" up there and you will still find old clod like silver pieces from the old British Empire, STILL be used for trade, the things are as slick as a babies bottom, but they still trade.

the whole thing boils down to valuation, what you got, what you can produce, and how can you protect it?...and still think on your feet, meaning the art of doing arbitrage between different commodities and coins.

just food for thought. (didnt even realize that come out like a pun)
respecrfully, neil

[wheeler_dealer]

Did a labor for silver trade many years ago with a coin shop owner. Put a roof on his coin shop. Figured my materials costs received FRN's for this part (my choice) Figured labor cost and then figured the ratio to market vakue and we wrote a contract as such. Worked out great for both of us. I got the job because I was willing to do for silver He won because he paid in silver that he marked up to market. WIN/WIN I still have some of the barber halves I got paid in.
I think that there will be more opportunitites for this type of barter in the future. I have no regrets.