Hope all are well. Having a MAJOR Clearenceof bush/shrub/trees for fire safety. Our plan is to run.... Anyway, had a nice fellow come out to quote. Got him down from $1200 to $1000. Should have started lower! Mentioned Gold/silver/economy etc. He knew about the price of Gold. Told him about owning it in his own hands. He knows his term deposits are duds due to inflation. Should I whip out a kilo bar of Silver & 1 oz Gold bar at time of payment? Keep the kilo bar & tune him into going to AEJ to cash it in? Or the Gold 1 oz & tell him to return the change? He was/is a decent fellow who came on time to quote & knows his job. Looking forward to replies....
I would ask him if he wants payment in gold or silver so if he does you need time to get it from your deposit box at the bank . walking inside & walking back out with it will let him know you have it in your house
Thanks for replies. For me t o pay cash is for me to let the chance go by to enlighting a fellow human to the fiat ponzi scheme. For me to just take out of my pocket, after saying I have been to secure stash location , and chat/talk/mention to him how his life's path has led him to this moment from me locating his phone number to him driving up my path to the moment of of him being offered different forms of payment for his labour. Why can't all my interactions with fellow travellers have life altering moments? Hobbit times.... DEEP....
hear hear, the lesson is far more important than the remuneration Galileo said we cannot teach anyone anything, rather we must let them find the answer for themselves
Blinded by the fiat. Have you ever let a novice hold a kilo of Silver or an ounce of Gold? Put the metal in the hand & watch the eyes.... It is a moment of enlightenment. Should happen more often in everyday commerce...
the beer might do the trick... because fiat in his hand is probably going to warrant a trip to the pub. Gold and silver has its benefits, but then again, most people do have daily/weekly outgoings that fiat can only really take care of right now. 700 and a 10oz?? or just cash and a chat about gold and silver over beer(s) will go down pretty well.
I love the approach! Very good to share and open others to the idea of it. Maybe you could offer both options: here I have $1000 cash and here I have a kilo of silver (taken from my safe deposit box) which based on today's spot price is valued at blah. You could offer to share a beer while discussing it and see what he chooses at the end. If he doesn't need the fiat immediately, he might just wanna hang on to it Please keep us posted of how it goes!
Gold , Silver and fiat, + a beer. He already he told you his term deposit's are crap, let him choose and reap the outcome. As for the change on the gold do you have any other work that needs doing ?
I personally don't know why you'd even bother trying to convince anyone. There's already so much speculative, stupid money in the PM markets anyway - so many new entries are simply here for another commodity play now that property is flat and bank deposits bear no appreciable after costs profits. Worst thing you can do is let anyone you don't trust know you have PMs at home.
If you say the metal is worth x fiat, your still showing acceptance of fiat. Fiat is being used because people value it or at least recognise that it's the only crap that people accept. Even in zimbabwe, it took them a while to realise they needed to pan for gold to buy stuff. Even after their currency went to sh*t, they used the US dollar. One fiat to another. It's all intrinsically worthless...but they used it. call them brainwashed or whatever, but it made sense to the people at that time. It's going to take something tremendous for things to go back to giving each other ag and au for stuff.. I'd hate to think Australia reverted to a Zimbabwe situation for it to get to what a lot of people want on here - gold and silver currency. I don't see things becoming too much different too soon. I'd just write down the name of your favourite guide to investing in gold and silver book and the web address of silver stackers. You can lead a horse to water..
What's the difference between that and paying in metal and then spending the cash on buying replacement metal? One more stacker in the world.
The difference is, whileever fiat and pms are both around and fiat is used as currency, it doesn't really matter either way. People still value pms in fiat. There's your problem. People get excited when their pms rise in value. See the irony? The value people are talking about (except for a few) is the FIAT value. Everyone loves to talk sh*t about fiat, but they're still happy to use it and value their pm's in it. Even if you want to value your other goods/commodities in pms, how do you do that? You're using FIAT as the go between! Fiat price for a house divided by the fiat price per oz of silver or gold. Until the word fiat/dollar/pound/yuan etc is removed from the sentence, fiat still has you by the jatz crackers. Good luck thinking about it otherwise.
Dunno if that is a "problem" as such. I've done barter trades where I've thrown in silver valued at whatever I could replace it for and then replaced it. I know at least one of the people I've traded with like that has started to invest in precious metals since that. I wasn't setting out to completely destroy people's understanding of money or anything, just "This metal is worth $xx, so I can give you the metal or $xx . You're welcome to choose whichever one you want". So...yeah. If you give people the option, some of them will take the metal. I don't particularly care why or what they do with it later so I don't really understand the predicament of whether you should pay in cash or with a silver bar.
Yep. But there will be other options. There are other options. I just don't know many of them yet. Just because something is like that, it doesn't mean it's always going to be the only option.
