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JnRockwall
Member Posts: 16,350 ✭✭✭
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I need some grant money, and quick. I'm an OIF vet with almost 6 years time in service.
Any help would be much appreciated.
22 years old and 6 years TIS?? And not even fulltime active duty.
On the gold coins it says:
1/10 ounce coin $5
1/4 $10
1/2 $25
1oz $50
Now how does 2 1/10 oz coins have the same $ value as a 1/4 oz with 5% LESS gold?
Or 2 1/4 oz coins has the same amount of gold but $5 less in buying power than a single 1/2 ounce coin.
Is it not strange that 10 1/10 oz, 2 1/2 oz and 1 1oz all have the same gold and $ value. But the 1/4 oz seems to be the buzzard coin. You either have to have 5 of them or 1.25 oz to = the same value of the other coins?
A review of our presidents tax return shows his net worth at $3.6 million; his sources of income being royalties/publishing revenue from his three books, none of which remain on any best seller list and his salary for president $200,000 per year, increased this year despite sequestration to $400,000.
So I'd like to know how anyone can afford an eight day vacation that will cost more than their entire net worth and income for the next year or two. Once I learn how it is done, maybe I can make reservations with the Alaska Outfitters for a trophy Dall Sheep hunt.
So if I want to trade silver coin, how do we figure out the sales price!
Seems odd to me.
Eat healthy, exercise, avoid smoking........Die anyway. will270win@aol.com ~Secret Select Society Of Suave Stylish Smoking Jackets~
And fiery auto crashes
Some will die in hot pursuit
While sifting through my ashes
Some will fall in love with life
And drink it from a fountain
That is pouring like an avalanche
Coming down the mountain
If your paper money won't buy anything, gold won't either.
That same $1400 could buy a $400 pistol, 25 bx ammo, a weeks worth of food, some fuel, and other knick knacks.
When the value of the paper money is no longer, and gold is all there is, that $12 bx of 9mm just earned you 1 1/2 ounces of gold. Or your $12 investment just paid $2100. Sort of...
Or is it as bigoutside said, neither will be worth squat and every will be worth what you can barter for?
Gold is $1400 an ounce. How many ounces will you need to hold you over for 1 year? How many guns, ammo, food and fuel can you buy for $1400? Which is really the better deal? I say product. You get more for your money and when you sell your goods in trade for gold you will get all the gold you need at a better price. How will gold be bartered? 1/10 ounce = 1 tank of gas? Or does 1 oz = tank of gas?
On the gold coins it says:
1/10 ounce coin $5
1/4 $10
1/2 $25
1oz $50
Now how does 2 1/10 oz coins have the same $ value as a 1/4 oz with 5% LESS gold?
Or 2 1/4 oz coins has the same amount of gold but $5 less in buying power than a single 1/2 ounce coin.
Is it not strange that 10 1/10 oz, 2 1/2 oz and 1 1oz all have the same gold and $ value. But the 1/4 oz seems to be the buzzard coin. You either have to have 5 of them or 1.25 oz to = the same value of the other coins?
The dollar value shown on a gold bullion coin was set by the mint or government that produced the coin. What you pointed out is true but is meaningless. What matters is the weight of gold in each coin. This determines the value of the coin.
IMHO and in a real meltdown of a monetary system, goods and precious metals will be valued only for what you can negotiate/barter for and will change in every deal. In a total meltdown it is probably better to have both goods and precious metals. Perhaps the best would also include training in being a snake oil salesman!
sure, without a doubt the people with the supplies are going to be more self sufficient while the storm is whirling around, but after its all over all of your money is going to be tied up in stuff thats no longer a necessity and the people with the money are going to take over and set up the new regime.
being prepared with supplies is one thing, but dont discount the need to be preapred to at least resume the station you held in life before the storm. when its all over and the market shelves are full again and the gun stores are back in business and all the rest of society is getting back into the swing of things, you wont be able to sell your extra supplies to refund your retirement accounts. that needs to be considered....
precious metals and stones are used to secure the next generation of wealthy people. once the dust settles, the rich people arent going to be the people with the beans and bullets piled up to the rafters. they are going to be the people that have the things that cant be made.
sure, without a doubt the people with the supplies are going to be more self sufficient while the storm is whirling around, but after its all over all of your money is going to be tied up in stuff thats no longer a necessity and the people with the money are going to take over and set up the new regime.
being prepared with supplies is one thing, but dont discount the need to be preapred to at least resume the station you held in life before the storm. when its all over and the market shelves are full again and the gun stores are back in business and all the rest of society is getting back into the swing of things, you wont be able to sell your extra supplies to refund your retirement accounts. that needs to be considered....
Depends on the "storm".