Help me out, here?

Discussion in 'General Discussion' started by Seacowboys, Jul 4, 2006.


  1. Seacowboys

    Seacowboys Senior Member Founding Member

    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?[2c]
     
  2. sniper-66

    sniper-66 Monkey+++ Moderator Emeritus Founding Member

    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.
     
  3. melbo

    melbo Hunter Gatherer Administrator Founding Member

    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?
    DSC00978.JPG
     
  4. Valkman

    Valkman Knifemaker Moderator Emeritus Founding Member

    One of my knives would've been a much better investment, Melbo! :D LOL

    Of course you don't get one for $100 either, anymore! [ROFL]
     
  5. Bear

    Bear Monkey+++ Site Supporter+++ Founding Member Iron Monkey

    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....:D

    Weren't folks sawing down aluminum utility poles?:cool:
     
  6. Seacowboys

    Seacowboys Senior Member Founding Member

    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.:D
     
  7. TailorMadeHell

    TailorMadeHell Lurking Shadow Creature

    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?
     
  8. Clyde

    Clyde Jet Set Tourer Administrator Founding Member

    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.
     
  9. TailorMadeHell

    TailorMadeHell Lurking Shadow Creature

    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?
     
  10. melbo

    melbo Hunter Gatherer Administrator Founding Member

    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.
     
  11. Infidel

    Infidel Guest

    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
     
  12. melbo

    melbo Hunter Gatherer Administrator Founding Member

    I just edited Clyde's post to .info. I know that is what he meant.
    ;)
     
  13. TailorMadeHell

    TailorMadeHell Lurking Shadow Creature

    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.
     
  14. Clyde

    Clyde Jet Set Tourer Administrator Founding Member

    I forgive myself for making that error. Always good to have someone looking over your monitor!
     
  15. Quigley_Sharps

    Quigley_Sharps The Badministrator Administrator Founding Member

    They are stealing copper wire from power plants now ask poacher about it.
     
  16. ghrit

    ghrit Ambulatory anachronism Administrator Founding Member

    Also from construction sites.:mad:
     
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