Louisiana Bill Would Make Gold and Silver Legal Tender in the State (that's the 5th in the U.S)
(blog.tenthamendmentcenter.com)
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already thought of that. You didn't mention which kind. There's the maple leaf and there's the buffalo. Are they all worth the same?
At some point it would have to be aligned to the actual silver content of any coin, ingot, or round. Some are 99.999% silver but can be in troy ounces or Imperial ounces. Then you have so-called "junk silver" (of which I have quite a bit) in the form of US silver coins dated 1964 and earlier...these are 90% silver and have held their value over the years.
So how would a merchant know how to evaluate the different silver items that came his way in transactions? It's hard to say right now, but if we ever got to a barter economy and the currency was dead, I'm reasonably sure that a standard would arise in the marketplace.
I was wondering about that also.
I also have both.
Agreed.
I also like “junk silver” US coins for their unusual property: the US Gummint can only ever value the coins at face value. But you have no such restriction.
This is how you buy a car for “$15”. And pay property tax on $15. :)
That's the plan!
Not sure if this is a rhetorical comment/question.
At today's prices, they are very similar.
https://sdbullion.com/1985-1-oz-canadian-gold-maple-leaf-coin
https://sdbullion.com/2024-american-gold-buffalo-coin
Coins, especially "famous"/"known" coins like these or Krugerraands, etc., will typically have a significant mark up over gold bars/ingots.
"Numismatics mark up", if you will.
Current spot gold price: https://sdbullion.com/1-oz-gold-bars-our-choice-brand
Hey thanks. I don't know half of these. Can you post something for us uneducated people?
"This is not financial advice" Safe Harbor Statement.
OK.
The high level is for you to go onto APMEX and SD Bullion to check spot price on a daily basis, so you can get a sense of how these assets move. Develop some muscle memory. Generally they will move against inflationary bullshit coming from the Fed, etc.
It is also interesting to look at the historic/today gold/silver price comparison. Today's gold/silver ratio would indicate (pretty strongly, imo) that silver is undervalued compared to gold right now, and potentially very undervalued.
With that said, the vampires are at this point quite good at manipulating gold and silver to hide their larger thievery. They use naked shorting and "paper gold"/"paper silver" (worthless crap paper notes used to fuck the price of gold and silver by these vampires). So if you are looking to gold or silver to speculate, you will probably be disappointed, esp in the short term. And also in some cycles these two assets can remain under-valued for a long time, so if you need the buying power of it in a short timeframe, please consider that.
However, ultimately, gold and silver will win, and possibly/probably Bitcoin as well. Gold, silver, and Bitcoin are a bet against Fiat Currency, Debt-based Finance, and Globohomo in general.
If you are not willing to get into actually owning Bitcoin right now, you can look at owning a proxy for Bitcoin. Go over to finance.google.com and check out what MSTR has done in the past few weeks. Zoooom. MSTR is Steve Saylor's company, and he has made his company into, basically, a Bitcoin-buying machine.
Everyone on this site should be investing as much as they can in gold, silver, bitcoin, and Gamestop or any other "short squeeze" "stonk" that we can create/use to kick the vampires into the light and fucking destroy them. For the future of ourselves, our families, and mankind.
Thank you.
I have bitcoin, Ethereum, XRP, and silver. Gold is a little bit expensive so cannot buy a lot, but I do JD Bullion and SD Bullion also.
Appreciate you telling people here about MSTR. I will go look.