The International Standards Organization considers it a currency. ISO is the way of the future and present. No stacker, nor talking head has near the credibility or more importantly the 'acceptability' than ISO Silver bullion has the ISO... CURRENCY code XAG Debate settled, no question, silver bullion IS a currency.
It can serve as a medium of exchange. It can serve as a unit of account. It can serve as a storage of value. Yes, it's money. Those that deny it just don't like it because they have no control over its circulation, while any transfer that involves a bank account is a trail.
its just begun for small humans, it had already ended when GOD put in gold and silver in the earth crust for walking humans to use as fair weights and measures.
So .... was it big bang? ;> Kinda long long time ago, there was NOTHING that exploded and expanded creating our universe. Yep, thats logical.
Yes, silver "bullion" is a currency...but what is the value of that currency for tax purposes? Let's say you agree to sell me your 2011 Toyota Camry for $17,250...but are willing to accept a "monster-box" of 500/$1face value ASE's. I just paid you $500 face/you accept....and I only owe the DMV tax on $500, right? If using gold in this transaction, you'd need 10.5 gold Eagles and the tax liability would be on $525, because AGE's are $50 face value. AGE $50 face value/ASE $1 face value.....looks like 50:1 is the un-official ratio
Hahaha yeah...I imagine GoldmanSachs/JPMorgan/large multi-national corporations et al. have figured out how to use schemes like this to lower their tax burden somehow. They all pay each-other in gold, or silver, bullion...resulting in vastly reduced corporate tax liability...by using the face value of said cashflow received as "bullion" coins...Hahaha...maybe that's why nobody wants the $5 face Silver Maples?
Ok.. Just to stir the pot..ok silver is money..store of value, divisible, fungible etc etc.. But who can use it as currency now? Ok iso have defined it, but truth now is who would use a kook as a dollar at woolies? Don't think so. Not now anyway.
It was never silver and money defined as one and the same, but rather iso defined silver as currency. Just wanted to clarify that.
Actually, there's a component of this which undermines the role of silver as Money. It's actually not a constant store of value, because it's being destroyed. Paper fiat isn't a constant store of value because they print it endlessly - so decreases your wealth over the long term. Inversely, Silver will actually increase in value over time because we destroy the stuff - so will increase your wealth over time due to shortage. The last silver currency we had in Australia had to be canned (the 1966 Silver 50c) before the end of the first year because people recognised quickly that silver will appreciate in value over time, hence hoarded the coins, removing them from general circulation. Gold is actually the best money because it's a stable store of value. That's not to say investment in Silver is a bad idea, far from it! But it's real potential for the future lies in it's commodity value I'd think rather than it's monetary value.
"GOD" is only really the fiat version of beliefs. Created, manipulated and used to control the masses. Big bang might not be logical to you but its a hell of alot more logical than organised religion.
Big bang is not logical. But hey, I see that you are not manipulated by illogical theories, created by some scientists for $$. Good to know. And just because I'm curious, what was before big bang? Care to elaborate?
What is money? It's something that holds future value. In that sense, many things can be used as money. In jail, cigarettes can be used as money. There are stable forms of money and unstable forms of money(eg. fiat). I think people get too hung up on the definition personally. As for silver, it is created in super-novas via nucleosynthesis , not the big bang (which may or may not be the start of the universe).
