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10-19-2010, 12:34
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#101
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Senior Member
Join Date: Jul 2010
Location: Northeast Kentucky
Posts: 421
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Quote:
Originally Posted by emt1581
...it sounded a little too easy going for my liking... What if you don't have that kid's caliber? ...I'm not a believer in the idea that post SHTF, we'll be bartering with .22lr...
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Well of course for two people to trade when only one of them has what the other wants... that's where the need for money/currency arises. Something they can both agree on the value of, and can be used by the seller to later buy what he wants that the original buyer didn't have. I don't know if the money agreed upon will be silver, but that makes more sense than defunct paper money (although some will probably accept that out of habit or sentimentality). Some early forms of currency will probably be things with universal barter value, like bullets, matches, cigarettes, liquor, toilet paper. Then later things with intrinsic non-utilitarian value like precious metals or gems, eventually evolving into stuff with only symbolic value, like our Federal Reserve Notes which require faith in the issuer.
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10-19-2010, 19:50
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#102
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You're Good!
Join Date: Sep 2009
Posts: 9,638
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Quote:
Originally Posted by 1 old 0311
In the early 1900's when gold was $20 a ounce that was about 1/2 weeks pay. Till a few years ago gold was $200 also 1/2 weeks pay. Today, at $1374 it is obviously way past that.
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Um, no, that's about right.
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11-03-2010, 20:12
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#103
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Curious Member
Join Date: Oct 2002
Location: Penn's Woods
Posts: 28,105
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Make that 25.15!!
-Emt1581
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11-04-2010, 03:46
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#104
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Senior Member
Join Date: Apr 2003
Location: Idiots Out Wandering Around
Posts: 1,005
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I've got 100oz sitting in my safe that I think I paid around $10 for. If I sold at $1 under spot I'd.have enough money to put a new roof on my house and a new .22 for my kid for Christmas. Hmmm
__________________
Marlinfan should shut the **** up! - Dennis in MA:supergrin:
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11-04-2010, 09:57
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#105
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Senior Member
Join Date: Dec 2005
Posts: 4,819
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11-04-2010, 10:03
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#106
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Senior Member
Join Date: Dec 2005
Posts: 4,819
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11-04-2010, 10:14
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#107
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Senior Member
Join Date: Aug 1999
Location: Arkansas, USA
Posts: 7,508
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Quote:
Originally Posted by marlinfan
...100oz... If I sold at $1 under spot I'd.have enough money to put a new roof on my house and a new .22 for my kid for Christmas. Hmmm
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Expensive roof - isn't that around $130k or so? 
__________________
"I don't need a thousand dollar shotgun. I need to know how to run the shotgun I got." - Clint Smith
www.survivinginamerica.org
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11-04-2010, 10:20
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#108
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Senior Member
Join Date: Dec 2005
Posts: 4,819
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Quote:
Originally Posted by quake
Expensive roof - isn't that around $ 130k or so? |
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11-04-2010, 10:25
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#109
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Const. Scholar
Join Date: Apr 2003
Location: DFW area
Posts: 4,117
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Quote:
Originally Posted by quake
Expensive roof - isn't that around $130k or so? |
I am glad you are not my accountant. It would be nice if you were paying me though. 
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11-04-2010, 10:52
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#110
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Senior Member
Join Date: Aug 1999
Location: Arkansas, USA
Posts: 7,508
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Quote:
Originally Posted by blown03'
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Makes me think of Zardoz.
__________________
"I don't need a thousand dollar shotgun. I need to know how to run the shotgun I got." - Clint Smith
www.survivinginamerica.org
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11-04-2010, 10:54
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#111
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15 or 30?
Join Date: Apr 2008
Posts: 3,841
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Quote:
Originally Posted by quake
Expensive roof - isn't that around $130k or so? |
100oz @ ~$25/oz ≠ $130k, more like $2,500.
Inexpensive roof.
__________________
The third rule of fight club: have fun and try your best.
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11-04-2010, 11:09
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#112
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Senior Member
Join Date: Aug 1999
Location: Arkansas, USA
Posts: 7,508
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Quote:
Originally Posted by racerford
I am glad you are not my accountant. It would be nice if you were paying me though. |
No, my math skills are fine. It's my attention span that's lacking - I was thinking about gold, but the thread is about silver.
I is not overly bright sometimes... 
Never mind; nothing to see here... 
__________________
"I don't need a thousand dollar shotgun. I need to know how to run the shotgun I got." - Clint Smith
www.survivinginamerica.org
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11-04-2010, 11:10
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#113
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Senior Member
Join Date: Apr 2003
Location: Idiots Out Wandering Around
Posts: 1,005
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Yea, heck I wish I had 100oz of gold sitting around. I wouldn't have a mortgage lol. And yea, I was figuring around $2000 for the metal roof if I do the labor myself, and another couple hundred to get my boy a 10/22 and a good scope.
__________________
Marlinfan should shut the **** up! - Dennis in MA:supergrin:
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11-04-2010, 11:44
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#114
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Senior Member
Join Date: Jan 2006
Location: Planet Earth
Posts: 4,254
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11-04-2010, 13:28
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#115
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Senior Member
Join Date: Apr 2009
Location: NC
Posts: 169
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Quote:
Originally Posted by 1 old 0311
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Over $26 now.
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11-04-2010, 14:12
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#116
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Senior Member
Join Date: Dec 2005
Posts: 4,819
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Will soon be over $30 per oz.....
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11-04-2010, 14:14
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#117
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Senior Member
Join Date: Apr 2009
Location: NC
Posts: 169
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Quote:
Originally Posted by blown03'
Will soon be over $30 per oz.....
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At the rate it's climbing right now that could be this afternoon.... 
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11-04-2010, 14:39
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#118
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Senior Member
Join Date: Jan 2006
Location: Planet Earth
Posts: 4,254
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Quote:
Originally Posted by blown03'
Will soon be over $30 per oz.....
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Yes but according to a few on here we were FOOLISH to but at $10 per ounce. Wonder where they are today? 
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11-04-2010, 14:49
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#119
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ΜΟΛΩΝ ΛΑΒΕ
Join Date: Jul 2005
Location: NE of Atlanta
Posts: 29,197
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So the roosevelt dimes I picked up for $1.00 each now contain $1.90 in silver (spot value) while my eagles, purchased around $14-$16, have a spot value over $26.
Not bad. Definitely a better direction than the FRNs sitting next to them. :(
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Last edited by Warp; 11-04-2010 at 15:23..
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11-04-2010, 15:02
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#120
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Curious Member
Join Date: Oct 2002
Location: Penn's Woods
Posts: 28,105
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Is our currency (USD) seriously becoming less valuable by the hour now??
-Emt1581
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11-04-2010, 16:47
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#121
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Senior Member
Join Date: May 2005
Location: Palm Beach County, FL
Posts: 15,538
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I'm paying about seven dollars more per silver eagle this week week than I was paying three weeks ago (individual coins on e-bay).
__________________
Fleece it out, dinkin' flicka.
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11-04-2010, 16:57
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#122
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Senior Member
Join Date: Apr 2009
Location: NC
Posts: 169
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Quote:
Originally Posted by emt1581
Is our currency (USD) seriously becoming less valuable by the hour now??
-Emt1581
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Ummmm, Yes I think so.....
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11-04-2010, 18:54
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#123
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Senior Member
Join Date: Mar 2001
Location: Socialist Republic of Illinois
Posts: 3,804
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11/4/10- My Silver value went up just under $2k today, gold was up almost 1k.
YMMV.
__________________
Schild
"You can ignore reality, but you can't ignore the consequences of ignoring reality." Ayn Rand
We are all outlaws in the eyes of America.
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11-04-2010, 19:26
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#124
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C.D.B.
Join Date: Dec 2005
Posts: 4,623
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Quote:
Originally Posted by emt1581
Is our currency (USD) seriously becoming less valuable by the hour now??
-Emt1581
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YES! You don't want to blink when your watching your money today... it may disappear while your eyes were closed. 
__________________
"Both oligarch and tyrant mistrust the people, and therefore deprive them of arms." - Aristotle,
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11-04-2010, 19:29
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#125
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Curious Member
Join Date: Oct 2002
Location: Penn's Woods
Posts: 28,105
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Quote:
Originally Posted by UneasyRider
YES! You don't want to blink when your watching your money today... it may disappear while your eyes were closed. |
According to Beck, it was yesterday that the fed started printing more money or at least putting the plan into practice. Sort of seems like the 1-2 point raise within 24hrs would be based on skepticism/fear. Can you imagine what will happen when reality sets in across the board??
Not trying to be a chicken little but I think that SHTF we talk about all the time isn't far off...
-Emt1581
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