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Old 10-19-2010, 12:34   #101
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...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...
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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Old 10-19-2010, 19:50   #102
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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.
Um, no, that's about right.
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Old 11-03-2010, 20:12   #103
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Make that 25.15!!

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Old 11-04-2010, 03:46   #104
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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
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Old 11-04-2010, 09:57   #105
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Survival/Preparedness Forum
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Old 11-04-2010, 10:03   #106
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http://www.zerohedge.com/article/ric...t-manipulation
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Old 11-04-2010, 10:14   #107
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...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
Expensive roof - isn't that around $130k or so?
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Old 11-04-2010, 10:20   #108
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Expensive roof - isn't that around $130k or so?
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Old 11-04-2010, 10:25   #109
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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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Old 11-04-2010, 10:52   #110
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Survival/Preparedness Forum
Makes me think of Zardoz.
Survival/Preparedness Forum

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Old 11-04-2010, 10:54   #111
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Expensive roof - isn't that around $130k or so?
100oz @ ~$25/oz ≠ $130k, more like $2,500.

Inexpensive roof.
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Old 11-04-2010, 11:09   #112
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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...
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Old 11-04-2010, 11:10   #113
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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.
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Old 11-04-2010, 11:44   #114
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Actually as of today spot is $25.94
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Old 11-04-2010, 13:28   #115
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Actually as of today spot is $25.94
Over $26 now.
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Old 11-04-2010, 14:12   #116
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Will soon be over $30 per oz.....
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Old 11-04-2010, 14:14   #117
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Will soon be over $30 per oz.....
At the rate it's climbing right now that could be this afternoon....
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Old 11-04-2010, 14:39   #118
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Will soon be over $30 per oz.....

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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Old 11-04-2010, 14:49   #119
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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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Old 11-04-2010, 15:02   #120
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Is our currency (USD) seriously becoming less valuable by the hour now??

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