Fiat Money

[buff]

When you sell silver do you expect to get paid in gold or do you take the green toilet paper?

[Ardent Listener]

When you sell silver do you expect to get paid in gold or do you take the green toilet paper?

Nice to have you back buff.

I guess you mean Federal Reserve Notes when you say "toilet paper". Like I recently said here in another thread, until the gas pumps run off of silver dimes, FRN still come in handy.

You do make a good point though. I see a lot of 'hard money' guys rub their hands over the idea of $100 (FRN) silver. Other times I see them cry when the price of their PMs drop in relationship to FRNs.

FRNs is still the money of our society for now.

[silverbull2007]

Sell your silver and take the fiat money and buy more silver. Of course, sell high and buy low.

[buff]

I hope you guys understand that a silver dime is fiat money too.

[Ardent Listener]

I hope you guys understand that a silver dime is fiat money too.

Or at least it was back when its metal value was less than its face value. It's a commodity now. Times change buff.