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JerrySpringer
Penny Hoarding Member
669 Posts |
 Posted - 10/29/2008 : 15:07:41
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For you folks who read coinflation.com, this is old news, but some of you may have a light-bulb turn on in your heads:
You must be logged in to see this link.
It may just be possible in the future for us silver seekers to buy into a time-share somewhere if we pooled our silver coins, lol. I kind of feel good knowing that precious metals will talk a lot better than paper in some circles.
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natsb88
Administrator
USA
1850 Posts |
Posted - 10/29/2008 : 15:30:06
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| Interesting, and not too far from me... |
Nate
The Copper Cave
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JerrySpringer
Penny Hoarding Member
669 Posts |
Posted - 10/29/2008 : 17:25:51
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| Once you have a sizable stash of silver, it could be very interesting to see what people are willing to trade for it. A year ago I would of scoffed at precious metals as having much bargaining strength but now I would not be shocked to find people willing to trade a paid-for house for a negotiated sum of gold or silver. I think the perceived safety of precious metals is catching on. That is why I am still bothering to collect copper pennies. If paper money gets a case of inflation soon, I see a big disconnect happening for copper not unlike silver. But what do I know, markets tend to veil future events sometimes. |
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
Posted - 10/29/2008 : 18:56:27
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Amazing, the slant of the article that is. Am I a subversive? No. Are the rest of you here subversives? Didn't think so.
I am SO BORED with the sheeple, particularly media sheeple.
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"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 10/29/2008 : 23:05:24
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| I think it plausable that we can use silver and gold to buy stuff directly from willing sellers in the future, but come on trying to do it at a foreclosure sale? Only to make a point I guess - but look at what they are accused of being! |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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Kurr
1000+ Penny Miser Member
2906 Posts |
Posted - 10/29/2008 : 23:44:10
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I was at a yard sale on the way home from the coin shop and was low on cash for what I wanted. I noticed the people having the sale were older so I asked them if they had any interest in silver coins. I traded 4 dimes for $4 worth of goods!
And lets not forget the gentleman here in the states who paid his employess in gold and silver. They were independent contractors and agreed to work for the face value of the coins. The face value amount they were being paid was less than the minimum to declare so they were basiclly working tax free.
Something in the neighborhood of 166 indictments were brought against him. All were acquitted. |
The silver [is] mine, and the gold [is] mine, saith the LORD of hosts. Hag 2:8 [/b]
He created it. He controls it. He gave it to us for His use. Why did we turn from sound scriptural currency that PROTECTS us?
KJV Bible w/ Strong's Concordance: http://www.blueletterbible.org/
The book of The Hundreds: http://www.land.netonecom.net/tlp/ref/boh/bookOfTheHundreds_v4.1.pdf
The Two Republics: http://www.whitehorsemedia.com/docs/THE_TWO_REPUBLICS.pdf
Good reading: http://ecclesia.org/truth/government.html
A number of people are educated beyond, sometimes way beyond, their intelligence. - Tenbears
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pennypincher
Penny Sorter Member
67 Posts |
Posted - 10/30/2008 : 09:06:57
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| Yes, I remember that. He paid his employees with Golden Eagles from the U.S. Mint. I think he paid them with the $50 face value ones. If he was not acquitted, it would have set a precedent of a U.S. coin being worth it's metallic value, not its face value, meaning you could buy $1.39 worth of goods for 100 copper pennies (at today's price of copper). Interesting case and clever guy! |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 10/30/2008 : 11:45:12
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| Or maybe $2.00 worth of stuff for about 1000 zincs? I think you can buy whatever you like with metals or hogs or carrots as long as someone is willing to sell for that item. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 10/30/2008 : 12:55:02
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quote:
Originally posted by pennypincher
Yes, I remember that. He paid his employees with Golden Eagles from the U.S. Mint. I think he paid them with the $50 face value ones. If he was not acquitted, it would have set a precedent of a U.S. coin being worth it's metallic value, not its face value, meaning you could buy $1.39 worth of goods for 100 copper pennies (at today's price of copper). Interesting case and clever guy!
I heard about that too but a question pops into my mind. Ok let's say someone is paid at $50 and pays their usual share of income taxes based on $50 versus $800. When the person needs FRN's to pay bills and such, and goes to sell the gold coin, wouldnt they be subject to capital gains taxes on the difference between the sell price and $50? So I would think they would take a bigger tax hit since I remember capital gains taxes being 28% or something like that. I know coin shops around here seem to take down your info including driver's license if you sell them gold over a certain amount. It seems that I have seen them make a copy of the DL for transactions over $500 so there is still a paper record and it would be hard to get away with this in some areas. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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JerrySpringer
Penny Hoarding Member
669 Posts |
Posted - 10/30/2008 : 13:50:59
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| Yes, but the guy who has the $50 goldpiece also may know someone he can sell direct too without paperwork. |
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Oh boy, let's try this with our silver halves
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