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Thread: Gold as Currency?

  1. #13

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    Default Re: Gold as Currency?

    O, and buy silver.

    I contacted Sunshine Minting this week to buy some Sunshine Bars direct and they responded back that they no longer sell to the public because they can't keep up with demand and they would not take orders until at least July of this year.

    By the way they make the blanks for the U.S. Mint.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  3. #14

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    Default Re: Gold as Currency?

    Yeah that would be a little too small to count.



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  5. #15

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    Default Re: Gold as Currency?

    A modern U.S. nickle weight 5 grams that's $250 in gold. A dime weighs 2.268, that is $113. A copper/zinc penny weighs 2.5 grams or $125.

    The gold coins would have to be smaller because gold is more dense than copper, nickle, and zinc.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  7. #16

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    Default Re: Gold as Currency?

    DUST!!!!!!!!!!



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  9. #17

    Default Re: Gold as Currency?

    Quote Originally Posted by nnuut View Post
    DUST!!!!!!!!!!
    no, not dust, rust, love shack baby.

    if either goes much higher the better investment is in rocks and sticks 'cause that's what we'll be beatin each other with for the bread, man.

    when you're hungry nothing else matters.
    100g

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  11. #18

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    Default Re: Gold as Currency?

    Quote Originally Posted by Show-me View Post
    A modern U.S. nickle weight 5 grams that's $250 in gold. A dime weighs 2.268, that is $113. A copper/zinc penny weighs 2.5 grams or $125.

    The gold coins would have to be smaller because gold is more dense than copper, nickle, and zinc.
    +1 Hey I like gold as much as the next guy, but I'll take a box of bullets too. Gold only has value because we assign it. Bullets have universal value & utility. Copper, brass, lead, all good stuff packed neatly and always at the ready.

    Gold does have one HUGE advantage. The feds can't tax what they don't know you have.
    Retired, 55G/15C/15S/15I (Paper Trading)_ BLOG: Stats for March, Stats for Q1, 2024 Stats


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  13. #19

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    Default Re: Gold as Currency?

    Just remember we are here to make money and a major article came out this week stating that the citizens of CHINA, the country that has 1 billion more people that the USA, are starting to buy the crap out of gold and silver to hedge their developing wealth/saving against INFLATION and their COMMUNIST TASK MASTERS. The citizens of China are getting wiser every day and the are starting to see they will be the number one economic engine in the entire world and inflation will run away on them sooner than later.

    Now on the wealth side, when you start to become middle class and you are out with your friends you like to show off your wealth.......BLING! And, silver is the most affordable bling they can buy.

    Did I mention the 1.3 billion people in India are buying the metals for the same reason?

    Supply and Demand folks, and it ain't about us, the US, anymore.

    China shifted to a net importer of silver from a net exporter in 2007. Industrial demand in the country has been strong and continues to expand, supporting future growth in silver consumption. While it's true that investment demand for has been robust, we believe the uptrend shown in the chart below represents only industrial and jewelry figures according to the ways that China's Customs collects data. The backdrop suggests that China's demand for silver has been strong and has room to expand further.
    Read more: http://www.ibtimes.com/articles/1183...#ixzz1FiwKLdRo


    Deutsche Bank digs into the world of silver and gold and comes up with some interesting tidbits to support two chief themes:
    • Gold and silver are likely to keep moving higher.
    • Silver is likely to keep outperforming gold.
    A big reason: individuals have started to migrate more to silver, given that it is a less expensive way to hedge against extreme deflation/inflation/currency scenarios than gold. DB says American Eagle silver sales totaled 38 million ounces over the last 12 months and the first two months of 2011 indicate annualized sales of 54 million ounces.
    High demand has led to “backwardation” in the silver market, which tends to indicate tighter supply of silver than usual.
    http://blogs.wsj.com/marketbeat/2011...eep-streaking/

    China’s net imports of silver quadrupled in 2010, to 122.6 million ounces, roughly 13.7% of global production.
    http://www.csmonitor.com/Business/Th...-silver-handle
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  15. #20

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    Default Re: Gold as Currency?

    And, I am buying common caliber ammo too for my personal safety and use.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  17. #21

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    Default Re: Gold as Currency?

    We can't use Gold, Platinum, copper or aluminum for currency they all are too expensive and zinc leaves a bad taste in your mouth so what else, how about sea shells, or some kind of plastic cards made from OIL?



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  19. #22

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    Default Re: Gold as Currency?

    On Yap Island, they used stones for currency-



    they even put in on their license plates:



    http://www.janeresture.com/fedmic/yap.htm





    Hey, brother, can you spare a dime?






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