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

http://tinyurl.com/bartercoins

A generic video (I'll make a better one later) to explain why the the silver bartering currency coins should be valued at 1.5 times the market spot price of silver (spot price plus half of the spot price) instead of at $3.00 per coins plus the spot price of 1/2-oz of silver.

By setting the bartering value of the coins at 1.5 times spot, the coins will always be used to buy and sell, instead of being hoarded as a store of value or sold to a coin shop for below spot price. They will be always be worth more as "money" than as plain silver.

Also, if people start using this bartering value equation, it immediately opens up the gold pieces of this currency for production.

To see a growing list of Silver Bartering Professionals that offer goods and services for silver, visit

http://sites.google.com/site/bartercoins/

More info about these coins is found on that site, too.

Category:

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[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.

[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?

[kmordaunt]

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

[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]

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...

[kmordaunt]

Thanks.

[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.