Silver Exchange
I found what is basically PART ONE to this discussion - HERE. It is shared at o_c_c_u_p_y. There are some good econ posts via some of the tags above. Dog is getting yowly for fish-water.
The price of gold and silver is edging down again. But not to where it was. Silver is at $24/oz, when it was recently at $20/oz and lower. So, not really the perfect time to buy again.
As I noted, I liked the idea of using these pieces as an almost-money way to barter. Each worth $100. (Each being 100 grams silver, that will soon come out to 1 gram = $1 dollar, as per Apmex).
A less expensive 'denomination' which could complement this 'currency' would be the 20 gram bar. It is currently being sold at $26.57... (but...)
And the 10 gram square bar, being sold at $16.78... (but...)
It would be nice to have a range of denominations which all represent the value of 1 gram = 1 dollar. But...
You will notice that the smaller the piece, the more they cost, per gram. Therefore, this messes up the whole standard scheme, doesn't it? But, this is how the market works.
One reason for this scew is because, the smaller the piece, the more processing and handling are involved, relative to the amount of silver. And there are other reasons, like the profit motive.
What can be done about this. Can't we have one standard, for different weights, so we can trade sensibly when TSHTF?!
All I can say is that this skew would hold far less sway should we indeed hit a time of great emergency. Yes, coin stores, etc., will be tending towards maintaining the skew, but more people will be trading amongst each other, and the markets will also be more interested in gram-value above piece-value. (Whatever markets exist). And coin stores will be fewer and farther between.
So, the gram value of a small piece would be more in line with the gram value of larger pieces that is the case today. And that would make a barter 'currency' more rational, and viable.
However, at the same time, during such an emergency, the overall value of silver would shoot up. While this overall rise would, of course, in itself, minimise the gram-value difference between different piece sizes, it would also mean that 1 gram would be worth far more than 1 dollar. And that will be something people would just have to manage. Keeping an eye on the changing gram value, perhaps month-to-month, and adjusting the barter 'currency' accordingly. Which would be annoying when people have more important things to do.
The only answer to these problems is that people could cut themselves off from the real world, as much as possible, so that gram values pretty much remain as communities dictate they remain. A kind of fiction. Or fiat, I dare say. And then, of course, paper certificates would be based on a store of silver pieces. Lending paper should be held at a very minimal fractional-reserve rate.
A similar problem is that the dollar itself would change. Most probably, it's value, in relation to other commodities, including silver, would plummet. And the changes would be hard to keep track of, not to mention keep-up-with, (aka Weimar, Uganda, Argentina).
Also, if the greater majority of services, businesses, banks, etc., switch over to a CBDC and social-credit-score system, the paper dollar could be ruled out entirely, by the self-anointed authorities. It would be burnt in bonfires, by those authorities, as has been executed in Nigeria, where violent protests are also occurring. That would mean that, yes, you may have so-much silver on hand, but there are no more paper dollars to base them on, or trade them for. What does it mean, then, that 1 gram = $4 when there are no more real dollars in existence? What does it mean when you can only base your silver on digital dollars? Then the only way to trade them for dollars - ergo base them on dollars - would be to go through, ergo accept, the digital control of those authorities. You would be forced, by need, into their system. And possibly be imprisoned for owning silver in the first place, who knows?
What is the answer to this?
Again, the answer would be to fictionalise the dollar, to some extent. Intentional, independent communities would define what the dollar is worth, within their realm. Despite the reality of the authorities. And that would require some serious insulation, (kind of like what the USSR once tried to do w/ it's currency).
Many people will still be hanging on to paper dollars, through the collapse, hoping this will bring them some security. So, if communities did fictionalise the dollar, then there still would be some real paper dollars available upon which to base, and trade, silver grams.
But, it is also worth considering getting away from this uncertainty, all together, by basing silver grams on something other than the dollar. And that could be a basket of various more-stable foreign currencies, or some standard set within communities, such as cheese, or meat, etc., as discussed. To do this would, of course, probably be deemed illegal. So, no matter how you look at it, life will not be easy after the dollar crashes - deliberately imploded by the same bastards who brought you the pandemic bioweapon/s, and so on.
In any event, everyone should be taking their cash out of banks, to the best extent, and also looking for alternate life prospects, such as remote land, intentional communities, and so on.
The price of gold and silver is edging down again. But not to where it was. Silver is at $24/oz, when it was recently at $20/oz and lower. So, not really the perfect time to buy again.
As I noted, I liked the idea of using these pieces as an almost-money way to barter. Each worth $100. (Each being 100 grams silver, that will soon come out to 1 gram = $1 dollar, as per Apmex).
A less expensive 'denomination' which could complement this 'currency' would be the 20 gram bar. It is currently being sold at $26.57... (but...)
And the 10 gram square bar, being sold at $16.78... (but...)
It would be nice to have a range of denominations which all represent the value of 1 gram = 1 dollar. But...
You will notice that the smaller the piece, the more they cost, per gram. Therefore, this messes up the whole standard scheme, doesn't it? But, this is how the market works.
One reason for this scew is because, the smaller the piece, the more processing and handling are involved, relative to the amount of silver. And there are other reasons, like the profit motive.
What can be done about this. Can't we have one standard, for different weights, so we can trade sensibly when TSHTF?!
All I can say is that this skew would hold far less sway should we indeed hit a time of great emergency. Yes, coin stores, etc., will be tending towards maintaining the skew, but more people will be trading amongst each other, and the markets will also be more interested in gram-value above piece-value. (Whatever markets exist). And coin stores will be fewer and farther between.
So, the gram value of a small piece would be more in line with the gram value of larger pieces that is the case today. And that would make a barter 'currency' more rational, and viable.
However, at the same time, during such an emergency, the overall value of silver would shoot up. While this overall rise would, of course, in itself, minimise the gram-value difference between different piece sizes, it would also mean that 1 gram would be worth far more than 1 dollar. And that will be something people would just have to manage. Keeping an eye on the changing gram value, perhaps month-to-month, and adjusting the barter 'currency' accordingly. Which would be annoying when people have more important things to do.
The only answer to these problems is that people could cut themselves off from the real world, as much as possible, so that gram values pretty much remain as communities dictate they remain. A kind of fiction. Or fiat, I dare say. And then, of course, paper certificates would be based on a store of silver pieces. Lending paper should be held at a very minimal fractional-reserve rate.
A similar problem is that the dollar itself would change. Most probably, it's value, in relation to other commodities, including silver, would plummet. And the changes would be hard to keep track of, not to mention keep-up-with, (aka Weimar, Uganda, Argentina).
Also, if the greater majority of services, businesses, banks, etc., switch over to a CBDC and social-credit-score system, the paper dollar could be ruled out entirely, by the self-anointed authorities. It would be burnt in bonfires, by those authorities, as has been executed in Nigeria, where violent protests are also occurring. That would mean that, yes, you may have so-much silver on hand, but there are no more paper dollars to base them on, or trade them for. What does it mean, then, that 1 gram = $4 when there are no more real dollars in existence? What does it mean when you can only base your silver on digital dollars? Then the only way to trade them for dollars - ergo base them on dollars - would be to go through, ergo accept, the digital control of those authorities. You would be forced, by need, into their system. And possibly be imprisoned for owning silver in the first place, who knows?
What is the answer to this?
Again, the answer would be to fictionalise the dollar, to some extent. Intentional, independent communities would define what the dollar is worth, within their realm. Despite the reality of the authorities. And that would require some serious insulation, (kind of like what the USSR once tried to do w/ it's currency).
Many people will still be hanging on to paper dollars, through the collapse, hoping this will bring them some security. So, if communities did fictionalise the dollar, then there still would be some real paper dollars available upon which to base, and trade, silver grams.
But, it is also worth considering getting away from this uncertainty, all together, by basing silver grams on something other than the dollar. And that could be a basket of various more-stable foreign currencies, or some standard set within communities, such as cheese, or meat, etc., as discussed. To do this would, of course, probably be deemed illegal. So, no matter how you look at it, life will not be easy after the dollar crashes - deliberately imploded by the same bastards who brought you the pandemic bioweapon/s, and so on.
In any event, everyone should be taking their cash out of banks, to the best extent, and also looking for alternate life prospects, such as remote land, intentional communities, and so on.