Bartering Currency Value Should Be 1.5 times Spot (Spot Plus 50% Spot)

[PhukObama]

As of today (9/11/10) silver is at $19.89 a oz.

So when I multiply it by 1.5

I get $29.83

I have one oz silver rounds (.999)

Does this mean that one silver round can get me $ 29.83 worth of goods & service?

[duxnbux13]

Yeah your right! that makes good sense.

[kmordaunt]

@duxnbux13 Glad you liked the idea.

[polylingue]

Thank you very much for your guidance. I appreciated it.

[kmordaunt]

@polylingue You're welcome.

[shakzu]

Yeah, that makes sense. This is an ingenious idea. I see that the list of business accepting this coin is growing. I also see it offered on ebay today. Great job.

[kmordaunt]

The businesses seem to have readily accepted the idea of 1.5 times spot as the BV. Actually, now they are accepting the idea of just rounding up to the nearest whole dollar after multiplying by 1.5. I made a chart for it and it is really easy now. You know, the KISS principle...

[MoneyIsSilver]

I think the problem you are going to run into is that it will be too difficult to create a silver economy when merchants have to recalculate prices based on spot every day. Better to have a stable trade value that is maintained by a network of merchants accepting it at the trade value.

[kmordaunt]

@MoneyIsSilver Just price all your goods and services in ounces of silver. Problem solved.

[AJMAN2304]

very good !

[kmordaunt]

Thanks.