The idea that the fin system will ambush the unprepared is quite an oldie. 20 years and counting but ... it very well makes sense.
When they close, it will indeed be on a point most inconvenient and very sudden. As they say in French: a fait accompli.
And being caught between a rock and a hard place ... nah ... not a very good place to be.
Gold is real but unless you have it in fractional form (gram, 1/20th, 1/10th ounce) it will not do the owner much good. As well, if you have all your gold in a safety deposit box in the bank it is as good as stolen once the bank gets in the holiday (panic) mode.
You have small denominations,and it's recognizable by the general public. And it's very illegal to counterfeit it has the same protection as current us money.
And they don't make it anymore. I bought most of mine last year when it was cheep and avalible.
That makes some sense. In the case you actually need to barter with it its not likely to be forged and it easily verifiable at 90% without additional tests.
The illegal to counterfeit part not as convincing because in the situation where it would need to be used as tender would be a SHTF situation and the concern over illegality of counterfeits goes out the window.
So a dime is worth either 10 cents (as legal tender) or $1.88 in silver (.0723oz at $26/oz)? I don’t understand why the legal tender part makes it worth more.
Junk is not “Constitutional” silver … ie - Coinage minted by the US govt. I know a lot of people mistakenly reference ‘junk’ as coinage. Junk is stuff like silverware, electronics components with silver.
What im seeing its about 30x face for 90%. $100 FV is $3,200 right now. That $100 FV is 71.5 oz or $44.78/oz which is $18.88 above spot. As a comparison silver rounds (0.999) are at $30 - $33 ish per oz.
https://searchvoat.co/v/GreatAwakening/3334252
This one perhaps?
The idea that the fin system will ambush the unprepared is quite an oldie. 20 years and counting but ... it very well makes sense.
When they close, it will indeed be on a point most inconvenient and very sudden. As they say in French: a fait accompli.
And being caught between a rock and a hard place ... nah ... not a very good place to be.
https://searchvoat.co/search.php?st=comments&t=bank+holiday&co=on&s=Greatawakening&b=on&nsfw=on
Silver is even better. I have lots of dimes and quarters, half dollers and dollers.
Get some bags of silver shot as well for purchases. Shot is even cheaper than coin or bars
What’s the advantage to junk silver vs silver rounds? For some reason the spot price for junk is crazy high.
You have small denominations,and it's recognizable by the general public. And it's very illegal to counterfeit it has the same protection as current us money.
And they don't make it anymore. I bought most of mine last year when it was cheep and avalible.
That makes some sense. In the case you actually need to barter with it its not likely to be forged and it easily verifiable at 90% without additional tests.
The illegal to counterfeit part not as convincing because in the situation where it would need to be used as tender would be a SHTF situation and the concern over illegality of counterfeits goes out the window.
Among other things, junk silver is legal tender.
So a dime is worth either 10 cents (as legal tender) or $1.88 in silver (.0723oz at $26/oz)? I don’t understand why the legal tender part makes it worth more.
Junk is not “Constitutional” silver … ie - Coinage minted by the US govt. I know a lot of people mistakenly reference ‘junk’ as coinage. Junk is stuff like silverware, electronics components with silver.
Isn't it 10X face?
What im seeing its about 30x face for 90%. $100 FV is $3,200 right now. That $100 FV is 71.5 oz or $44.78/oz which is $18.88 above spot. As a comparison silver rounds (0.999) are at $30 - $33 ish per oz.