TPD
the poor dad
One will never know...
BitCoins, fake currency, weird times...
- Thread starter GregV814
- Start date
PeoplesElbow
Well-Known Member
I remember buying two 4x8 sheets of OSB for $8 ea just a few years ago to cut paneling on. That OSB got cut to all hell since I used it as support for the panneling as I ran the circular saw over it, I broke it up and threw it in the trash when I was done. If I only knew I had gold in the trash.... I think the last price on it I saw was $32.
a good friend of mine and I would joke about the coming Y2K thing .. we should stock a few sea containers of Budweiser for bartering in the end times .... dollars would be toilet paper and not everyone might take 1 oz silver coins ..... but we also though we should have a few bags of junk silver coins
PeoplesElbow
Well-Known Member
MGs?
I'm thinking machine guns with the inclusion of the term "transferable".
I built an SMG as a class project when I was at military college in the late 70's. We were studying unconventional warfare, improvised weapons was one topic. They still have it in their armory.
black dog
Free America
Machine Guns....
LightRoasted
If I may ...
If I may ...
Gold and silver coinage are not arbitrary as there is a finite, exhaustible, amount/supply. In earth's natural crust ratio, there is about 19 ounces of silver per 1 ounce of gold.
In the Coinage Act of 1792, Congress announced that all US dollar, half dollar, quarter, and dime coins must have their face value in gold or silver, respectively. And when the national mint started producing these coins, they began using a process called reeding, (for over 200 years now), to add ridges to the edges of coins which not only effectively stopped coin shaving, but also made it extremely hard to counterfeit the coins.
Do not forget, the annual wage of a worker back then, paid in gold or silver coin. Below is from 1860's. And these people could live comfortably.
Exactly how far are you going back are you going with the shaving of coins? There is plenty of gold and silver to make coinage to go around in a sound money economy, because it does not take much to use as a medium of exchange for goods and/or services.
Gold and silver coinage are not arbitrary as there is a finite, exhaustible, amount/supply. In earth's natural crust ratio, there is about 19 ounces of silver per 1 ounce of gold.
In the Coinage Act of 1792, Congress announced that all US dollar, half dollar, quarter, and dime coins must have their face value in gold or silver, respectively. And when the national mint started producing these coins, they began using a process called reeding, (for over 200 years now), to add ridges to the edges of coins which not only effectively stopped coin shaving, but also made it extremely hard to counterfeit the coins.
Do not forget, the annual wage of a worker back then, paid in gold or silver coin. Below is from 1860's. And these people could live comfortably.
- Masons earned 22.5 cents an hour ($13.50 a week, or $700 per year)
- Blacksmiths made 18 cents an hour ($10.80 a week, or $560 per year)
- Machinists earned 16 cents an hour ($9.60 a week, or $500 per year)
- Laborers made about 10 cents an hour ($6 a week, or $300 per year)
- Privates in the Union army earned $11 a week, or $572 per year.
- Firemen earned 15 cents an hour ($9.00 a week, or $468 per year)
- Carpenters earned 14 cents an hour ($8.40 a week, or $436 per year)
- Farmhands: 8 cents an hour ($4.80 a week, or $250 per year).
Groceries - Rice: 6 cents a pound
- Beans: 6 cents for a dry quart
- Sugar: 8 cents a pound
- Beef: 9 cents a pound
- Cheese: 10 cents a pound
- Bacon: 12 cents a pound
- Butter: 16 cents a pound
- Eggs: 20 cents a dozen
- Potatoes: 40 cents a bushel
- Coffee: $1.20 a pound (for coffee beans, which you then had to roast and grind yourself)
LightRoasted
If I may ...
If I may ...
Anyone remember the "Swallows" incident in Leonardtown back in 1933? From the Washington-Herald, September 17, 1933. "An American Paper for the American People". And I wonder what ever happened to the Margret Brent High School in Helen?
Actually, I post the picture I took yesterday of the actual newspaper, because of the column titled, "Thomas gets many pleas to urge inflation". There's an old saying about history in here somewhere.
Anyone remember the "Swallows" incident in Leonardtown back in 1933? From the Washington-Herald, September 17, 1933. "An American Paper for the American People". And I wonder what ever happened to the Margret Brent High School in Helen?
Actually, I post the picture I took yesterday of the actual newspaper, because of the column titled, "Thomas gets many pleas to urge inflation". There's an old saying about history in here somewhere.
Anyone else hearing the Sons of Anarchy theme in their heads?
black dog
Free America
Ive had enough Federal backgrounds done.. lol
I have a friend who had a altercation with a few Pagans decades ago in 1984. The Pagans thought thought two handguns were better than a Ruger AC556 MG... It didnt work out so well for one Pagan....
PeoplesElbow
Well-Known Member
A war was fought over black pepper.
PeoplesElbow
Well-Known Member
As far as gold and silver being rare, there are plenty of rare things that are basically worthless. Gold and silver being considered valuable is simply because people decided it is. It really isnt much different than Bitcoin.
There was also the Tulip Wars in Holland.
LightRoasted
If I may ...
If I may ...
Do not conflate investing with saving. Buffet is a billionaire because he plays the fiat debt money game very well. Regular people cannot, and do not, have the ability to make the returns necessary to keep up with inflation, let alone exceed it in investment returns. Buying gold and silver at least lets people save, in a way, that protects their earnings/savings over the years against inflation.
He is referring to them as "investments". I am referring to gold and silver as "savings". Because when you buy and take possession of gold/silver coin/bullion, you are locking in the value of your labor for future use. $1000 of money you earned used to buy gold or silver today, could be valued at $2000 ten years from now. Where the same $1000 placed in your bank saving account, will have lost half its worth leaving you short and having to continue working to make up for the loss in worth.
Do not conflate investing with saving. Buffet is a billionaire because he plays the fiat debt money game very well. Regular people cannot, and do not, have the ability to make the returns necessary to keep up with inflation, let alone exceed it in investment returns. Buying gold and silver at least lets people save, in a way, that protects their earnings/savings over the years against inflation.