Been using that same analogy to explain the fiat currency debacle for 20 years. The Fed. Res. System is the real evil in America today.In 1948 a quarter would buy a gallon of gas.
Right now, the silver content in that 1948 quarter will still buy a gallon of gas (+-).
I'm just not interested in trying to explain to a 26 year old millennial why a pre '64 coin is 90% silver and they can just take my word for it when I'm trying to barter scarce resources for their scarce resources. I'd rather start the conversation by saying "you see what's stamped on the bar?"That's what constitutional or 90% is for. $1.00 face = 0.715 ounces.
I think if it comes to that dystopia where silver is a primary exchange medium, most people will be very familiar with pre-65 part-silver coins and we won't have to constantly explain.I'm just not interested in trying to explain to a 26 year old millennial why a pre '64 coin is 90% silver and they can just take my word for it when I'm trying to barter scarce resources for their scarce resources. I'd rather start the conversation by saying "you see what's stamped on the bar?"
I get there's a time and place for the coins, but I'm not interested in it.
Some big job numbers are out today I think.Who is talking?
Silver is spiking, up .30
Cool. You stack, I stack, we all stack for later!I'm just not interested in trying to explain to a 26 year old millennial why a pre '64 coin is 90% silver and they can just take my word for it when I'm trying to barter scarce resources for their scarce resources. I'd rather start the conversation by saying "you see what's stamped on the bar?"
I get there's a time and place for the coins, but I'm not interested in it.
All the millennials in my family know about this and have their own already. But they can hardly be considered usual.I'm just not interested in trying to explain to a 26 year old millennial why a pre '64 coin is 90% silver and they can just take my word for it when I'm trying to barter scarce resources for their scarce resources. I'd rather start the conversation by saying "you see what's stamped on the bar?"
I get there's a time and place for the coins, but I'm not interested in it.
Most of the time, they can't see the forest for the trees.Been using that same analogy to explain the fiat currency debacle for 20 years. The Fed. Res. System is the real evil in America today.
I've always used the analogy of a suit of clothes or a new quality handgun and a double gold eagle circa 1900In 1948 a quarter would buy a gallon of gas.
Right now, the silver content in that 1948 quarter will still buy a gallon of gas (+-).
Yep, I sometimes would tell folks that a Colts SAA followed an ounce of gold. Kinda still does. ~ +/-I've always used the analogy of a suit of clothes or a new quality handgun and a double gold eagle circa 1900
At least one pundit puts it at 250.00 oz. In 2029 due to the industrial use in solar and electric cars. But he’s in the selling metal business.I always liked the old "an average guy, buying the average house, used to be 100 ounces of silver. Kinda points to what a correction might look like.
Now we know.Who is talking?
Silver is spiking, up .30
Hope they enjoyed there profits while they were rapeing the American people, their day is coming.
J. Yellon. “No bail out”, says the cost of the recent bank failures will be borne by U.S. taxpayers.Moving up with positive sentiment and narrative behind this move from all the banking news.... The narrative is the only thing that can break the friction of dollar pumping and bailouts in the near term... and then....
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