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Silver gold and time - Page 2
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Thread: Silver gold and time

  1. #11
    Join Date
    Dec 2008
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    Washington
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    Default Gold and silver as trade

    Call pm "real" money all you want, you still can't provide an example that goes fiat > fiat collapse > pm trading takes its place.
    Absolutely ludicrous. Germany, Argentina, Vietnam, Laos, Cambodia, China, etc.....

    Learn some damn history fool.

  2. #12
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    Apr 2010
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    Quote Originally Posted by Matthew Shelley View Post
    Did the value of an ounce of Silver keep up with the value of the apartment block? Or did the person who invested in the Silver make an incredibly bad investment.
    Ask the person who invested 80 Marks in ONE egg that was only 6 pffennigs 5 years previously. If you have any more dumba$$ questions.

  3. #13
    Join Date
    Oct 2011
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    Default

    Quote Originally Posted by gollumthegreat View Post
    How about Wiemar Germany where people traded single links of a Gold chain for a months groceries, or an ounce of Silver could get you an apartment BLOCK.

    Does that count as PMs trading, you idiot?
    No, it doesn't fucktard. PMs NEVER replaced fiat in Germany. EVER. Anecdotal stories of this for that mean nothing, because the same thing happens today in ones and twos right here.

    I really don't care how much purchasing power gold or silver had either because that's largely irrelevant. Have pms replaced fiat after failure? No.

    Quote Originally Posted by aquitas
    Absolutely ludicrous. Germany, Argentina, Vietnam, Laos, Cambodia, China, etc.....

    Learn some damn history fool.
    PMs NEVER replaced fiat in any of those countries. You're citing locations where there were failures in fiat. Happy golf clap for you. Now show me the places where silver and gold took over instead.

  4. #14
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    Apr 2009
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    Quote Originally Posted by bigpoodle View Post
    Zimbabwe is a great example. Look at their hyperinflation. 100 trillion dollars on a single bill was worth about $8 US. It was so bad that people wouldn't even use the local currency. Did they turn to pm? No. They turned to other forms of fiat.
    Actually they were using gold.

    People were down in the rivers panning for gold nuggets.
    Probably still are.

    http://www.youtube.com/watch?v=7ubJp6rmUYM


    Guess that shoots a hole in that "theory".
    Caedite eos.

  5. #15
    Join Date
    Aug 2008
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    Default

    Quote Originally Posted by bigpoodle View Post
    PMs NEVER replaced fiat in any of those countries. You're citing locations where there were failures in fiat. Happy golf clap for you. Now show me the places where silver and gold took over instead.
    what, you want example where it was replaced? by who? the government? the IMF? you want examples where the "man" stood up in front and declared, and wrote a bill, passed it through congress, voted on, and became law that fiat be replaced by gold? where the cops came around and confiscated fiat and said "USE GOLD".? well, yeah, finding an example of that is going to be tough.

    but it has been and is widely used by people when their fiat currency lets them down..."unofficially"

  6. #16
    Join Date
    Oct 2011
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    139

    Default

    Quote Originally Posted by maplesilverbug View Post
    Actually they were using gold.

    People were down in the rivers panning for gold nuggets.
    Probably still are.




    Guess that shoots a hole in that "theory".
    LOL

    These are people trying to find gold in the river to survive because they have nothing else. This video that you've provided shows what people are doing over there to get by. It doesn't matter if the standard is the zimby, the GBP, or the US dollar; these people will be out there trying to find something to trade for sustenance. In this case, it's gold and that has nothing to do with the success or failure of fiat.
    Provide jobs to these people paying in US dollars and watch how quick they forget about gold in the river. This isn't that they prefer the gold, rather it's a natural resource they can harvest in order to eat in the absence of any other form of income. Same thing is done with stealing oil in Nigeria, lumber in SE Asia, and poaching in Mongolia.

    In any case, there is the inflation I talk about. .1 gram for a loaf of bread? So roughly $5 US for a loaf of bread in a country where it typically costs a nickel You might also look into the inflation of gold and silver the Spanish empire suffered from which was one of the main reasons they got away from using pm for exchange.

    There are people in Alaska that rely completely on the gold they can get for their land in order to buy goods. It is their only source of income. This has nothing to do with gold being the medium of exchange for a society or a testament to the state of the US dollar.
    I think you kind of already know this though...

    Quote Originally Posted by krispy
    what, you want example where it was replaced? by who? the government? the IMF?
    No, just any example where fiat failed and then pm replaced it with the method of trade. It doesn't have to be declared or signed into law. Just where pm was the medium of exchange to replace the fiat.
    It doesn't exist. Any example of a fiat failure follows with a society that then either relies on another's fiat, or reinstates its own. Economic systems do not revert to pm exchange in the wake of collapse.

    This is all I'm really talking about; stacking so that you can have "real" money in the event of an economic collapse is ignorant and ineffectual.
    Last edited by bigpoodle; 13th December 2011 at 00:42.

  7. #17
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    Quote Originally Posted by bigpoodle View Post
    This is all I'm really talking about; stacking so that you can have "real" money in the event of an economic collapse is ignorant and ineffectual.
    I see we have a contender for the "Dumbest Member Contest"

  8. #18
    Join Date
    Dec 2011
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    Default

    Quote Originally Posted by bigpoodle View Post
    No, just any example where fiat failed and then pm replaced it with the method of trade. It doesn't have to be declared or signed into law. Just where pm was the medium of exchange to replace the fiat.
    It doesn't exist. Any example of a fiat failure follows with a society that then either relies on another's fiat, or reinstates its own. Economic systems do not revert to pm exchange in the wake of collapse.
    So, how is it do you think the US gov't might go about reinstating it's fiat? Maybe they'll start backing the dollar with gold or silver? Being as that's what we used to do and all..

  9. #19
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    Zionot, Squashkenazi
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    Quote Originally Posted by Dustin View Post
    So, how is it do you think the US gov't might go about reinstating it's fiat? Maybe they'll start backing the dollar with gold or silver? Being as that's what we used to do and all..
    First it would have to somehow get out from up under the international banksters.

    Since that is not going to happen, the country will continue to be dominated by evil, its citizens in harm's way.

    Our only hope would be a "bullets into banksters" program.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  10. #20
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    Jun 2008
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    Quote Originally Posted by silverheartbone View Post
    First it would have to somehow get out from up under the international banksters.

    Since that is not going to happen, the country will continue to be dominated by evil, its citizens in harm's way.

    Our only hope would be a "bullets into banksters" program.
    What I envision happening is a move to digital money. They don't want a gold silver return to real money, cause that will introduce a whole different mindset of new upper class people that don't have their eyes wide shut. So this will be where they introduce the beginning of the cannot buy or sell without a digital bank card era. Besides, there is no way they can come up with enough silver to start coinage again.

    Those who wish not to participate will become the hunted. They will use gold and silver to survive, and it will be worth much more than any exchange says it's worth. When something becomes illegal to own, the price is what's agreed upon, not what the COMEX says it is.

    Thus all the stuff going on in the background is the preperation (no, not H, although some may need some) for the coming collapse and transition.

    And if you don't think this could happen, good! I don't care what you think. (Not you SHB... the non believers...)

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