There's an article in this mornings paper that says a penney now costs 1.2 cents to make and a nickle costs more to make than its worth as well...why can't I get $1.20 for a hundred pennies? If the government would pay what a penney costs, then we could buy more of them and sell them back to the government...the perpetual motion money machine! I like it! Now, I know that some are gonna say this is silly, since a penny is .01 of a dollar but the dollar really isn't a dollar either but it does cost less than a penney to print, so it makes sense that we should trade pennies for dollars and since a $100.00 costs the same as a $1.00, what's the damned point in having them in the first place since nobody seems to be able to define their worth against anything other than what we are told they are worth by who?
Because if you get rid of the penny, then some dumb arse will come up with a rule that you have to round up the cost. Then every merchant will make sure that something cost $.51 cents or a $1.01 so that they can pocket the other four.
hehe pre-82 pennies are worth about 3 cents a piece sea. Picked these up the other day. Seems strange to trade a $100 bill for 66 pounds of zinc and copper?
One of my knives would've been a much better investment, Melbo! LOL Of course you don't get one for $100 either, anymore!
Always wondered what a box of pennies looked like.... I guess someday... copper could go the way of platinum and then we'll all be digging up our pipes and ripping out wiring.... Weren't folks sawing down aluminum utility poles?
If a penny is worth .03, why isn't a dollar worth $3.00? If we could swing that, I can retire in 5 more years.
I saw someone saying to prepare for the event that cash is worthless, and they said get silver or gold bullion. How much does that cost or what do you look for? And would you melt it down or what? Any thoughts?
TMH, go to www.goldismoney.info to learn more. Their forum is by far the best for economic collapse analysis as cash will be worthless...just as it was during the depression when the government made it so people couldn't own gold privately and confiscated all they could find. Why did they do this? So people had to rely on fiat money and have nothing to fall back on. If inflation hits, you cash will be worthless and that is what will happen if their is a total economic collapse and no one wants our US Dollar. 1) figure out how to acquire anonymously 2) tell no one of your private economic security stash 3) pay cash and acquire slowly via private sales if you have specific questions, you might try to contact G Khan. you can pm him from his login on our site.
Thanks Clyde. I will look into it. That is something that we all need to know about. When it comes down to it, it will be good to know what can be used to gain the things we need. We should make sure in our planning that we put aside what we will need and add to that what we can use to barter with. Anyone put out a list on 'barterable' good suggestions, other than food, water and weapons?
TMH, Bullion refers to Gold and/or Silver that has no rarity. As in not a rare Gold Coin. Metal for it's value in weight alone. This value closely tracks the 'spot' price of the metals. Take a look at the Financial Sense Forum here. It tends to deal with Survival Econ a little more. I hold a larger than normal percentage in G and S than most. (A FInancial planner will tell you to have 10%ish of your wealth in Gold) Examples of Bullion that I would reccommend would be 90% silver, which is pre-65 US coins.. ANd Gold coins that are modern and have no rare, or Numismatic value. Take a look at the FS forum. I think I have a few Gold and Silver articles posted there.
I would not recommend the .com it is jason hommels website. he is just one analyst http://www.goldismoney.info that you want to visit beware of the trolls. best bet to steer away from a religious subforum where most were chased to. Also many of the board discussions end up in "zionist this/jew that" fest that is not terribly healthy to the continuation of discussions. the gold and silver subforum is alive and well and people do not bite much there. also section 'Money - Education' is mostly healthy
Thanks for the advice. The sites are indeed informative. I learn more every day. Haha. Will definitely need it so might as well get it.