Gold and silver is money - So trade in gold and silver
Uploader Comments (davincij15)
All Comments (152)
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@davincij15 Your gold number include jewelry but your silvers numbers don't. That is only 2.5% of the total accumulated production of silver. Some of it is used in industry and it tarnishes but there is alot of silver jewelry out there that would be melted if the price approached that of gold...
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you a smart man, gold silver and ron paul. peace brother
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you a smart man, gold silver and ron paul. peace brother
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If everyone traded in gold and silver it would bankrupt the banking system and the government in a monthes time. The people would have the real money...and those that don't simply will not be able to do buisness. So when some hot shot starts flashing dollars he may as well be flashin sticks in your yard...because it will not be worth nothing.Those people rich in dollars would be broke...and the poor man has the silver and the gold..
I applaud your efforts in using Gold and Silver coin. Let me say the dimensions of coin use are not yet apparent to you.
Consider this. You walk into a Mom/Pop shop as you described, and you offer them a purchase. You will buy $500 retail. You offer 25 1 ounce silver coins. FACE VALUE of $25. Their cost of good sold is $250, sales price, $25. NET TAXABLE LOSS -$225, and the couple exchange paper bills from their pocket to the till, just as legally they may with any collectible coin/bill.
MarkH10 2 years ago
Too bad mom and pop don't understand that math.
davincij15 2 years ago
1 ounce of Silver cannot reach equality in price with 1 ounce of Gold. Sorry, that is just not realistic. The earth contains 17 silver for every 1 ounce of gold.
MarkH10 2 years ago
It's 15 to 1 in the ground with a price of 65 to 1 silver to gold ration. Now look up how much silver is above ground in existance... 1 billion oz of silver to 5 billion oz of gold. Soooooo that's a 1 : 5 silver to gold ration above ground.
So really the current price is not realistic. :)
Got Silver?
davincij15 2 years ago
didnt it use to be that people in the the west used to run people out of town when theyd try trading with paper dollars? I mean they didnt trust them then and now people dont trust gold and silver? uh whats wrong with this picture?
pdxeddie1111 2 years ago
We have it backwards because it's what we are use to and can not imagine it any other way.
davincij15 2 years ago