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You're Running Out Of Time (Bitcoin)
DerekJohnson
Administrator, Swaye's Wigwam Posts: 60,082
in Tug Tavern
DerekJohnson
Administrator, Swaye's Wigwam Posts: 60,082
https://www.youtube.com/watch?v=PFQ9bCtlyPA
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even with all the manipulation of PSLV...$30 an ounce for silver is going to be cheap if you can get it....(for the kind you hold your hand)
We are in the golden age of fraud and I’m here for the lulz.
Silver is being held down artificially by a shell game.
There is more PSLV traded than physical ounces available at any given point.
This will not go on forever!
When (not if) the fiat dollar is worthless due to hyperinflation and crypto cannot be accessed, silver and gold will be the default currency.
Storing a portion of your money in physical metal is an insurance plan.
@Sledog is 100% correct, Gold even by the gram is too big for simple transactions.
Constitutional silver coins (90% silver)will be easy to trade for everyday goods and its good to have some ounces of silver bullion for larger stuffs.
The original creator didn't want his identity exposed for a reason.
What is the premium you pay on those?
Do you order direct?
I go to the local coin shops smaller jewelry shops and pawn shops whenever I can and usually pick up 1 oz bullion rounds a dollar or 2 over spot. Sometimes they have good deals on 10 oz bars and some nice collectables.
It's getting harder to find the eagles in the small shops.... they sell out almost as fast as they get those in.
I don't do rounds and bars. I have no way of knowing if they are really silver and neither does anyone else. Silver Eagles are from the U.S. Mint and everyone knows exactly what they are. That is why there is a premium on Silver Eagles IMO.
I have other valuable trade goods. Lets just say, lead will make my bread.
I do disagree with you on rounds and bars.
There are specifications, weights, guidelines available for reference and simple tests you can do on top of knowing you are dealing with a reputable dealer to be sure of what you are getting is real silver.
There are always fakes so its a good practice to familiarize yourself with testing and knowing what to look for..
Rounds and bars come from suppliers like Jm bullion Monex, Comex and many other reputable dealers with a guarantee and at a lower premium vs the Eagles.
They are not minted coins but they are usually more available and you can get 10-100-1000 oz bars and kilos along with bulk rounds.
If bullion isn't appealing, Circulated pre 1965 90% halves quarters and dimes can had in bulk, they are reasonably priced and not in short supply yet.
I believe they will be the easiest to use in a situation where crypto and fiat are not available.
Lead and actual barter with goods may rule the day in a SHTF situation.
Best not to have all your eggs in one basket is probably the best plan.
@DerekJohnson offer still stands, I can pay on lightning or on chain. Shoot me an invoice ⚡️
Well, how is one going to do anything if they shut down the internet or electricity? You're already dependent on the internet to access your Bank of America account or wherever you bank. They're already limiting the cash you can withdraw from your own accounts.
If people could stick a device into a slot to pay for whatever they wanted, anywhere, then that is a different story.
Momentum died with 2020/covid and all the shit coins.