You are wasting your money.

[mmissinglink]

I am happy to say that it is unlikley that money will ever be made from silver again...

If silver does get used it will be in the form of community currencies rather than government issue (Like the Liberty Dollar or AOCS) but in order for that to happen people will need to become more educated about how money works and they will need a really good reason to switch to silver, as far as most people are concerned, the government money is just fine.

That reason would be trust. If people ever lose trust in paper dollars then there will be a return to silver and gold, at least temporarily.

You can trust silver. It doesn't turn to nothing at government decree. Governments aren't sneaking in to slice off a percentage here and a percentage there from your silver. 1 oz today is 1 oz tomorrow.

On the subject of unsanctioned community currencies. They are unlikely in our future fascist corporatocracy. They'll be labelled as terrorist currencies and the full force of the state will come crashing down on any unpatriotic community that dares to bypass the system of end-to-end transaction tracking. And it would upset people at AUSTRAC which would be kind of mean.

Here's the thing about that....there's too much at stake for the strong hands to allow the US dollar for example to die without an alternate fiat currency being put in its place very quickly. These strong hands will do everything in their power to keep people trusting the fiat money. And since the masses already don't have trust in blobs as money, it won't take much effort for the powerful fiat money pushers to make sure the public sentiment stays as is (status quo). That's my belief. So, for all practical intents and purposes, I just don't see America returning to blobs of metal functioning as money. The only possibility is as JLiz noted; local currencies....and that will take a lot of work to get a community of any meaningful size to treat blobs as money.

Gold (and silver) is an asset, not money. That's what Ben Bernanke asserts. And guess what....for all the bad policies we may be right in criticizing him for pursuing, he is right about gold in that respect as it pertains to our society today for all practical intents and purposes.



.

 

[SpacePete]

Here's the thing about that....there's too much at stake for the strong hands to allow the US dollar for example to die without an alternate fiat currency being put in its place very quickly. These strong hands will do everything in their power to keep people trusting the fiat money

Yes, many people fail to understand the factors that sustain the strength of the USD.

As I noted previously, there are some interesting factors at play in support of US dollars:

"The $100 bill is the world's bitcoin," Colas said. "It's anonymous. It's easy to use. It's actually easier than bitcoin, because you don't need a computer or even power."

"What makes a viable currency is trust in order for people on both sides of a transaction to use it. The Illegal transactions, the arms transactions, the drug transactions that take place all over the world... take place in dollars. The US dollar is not just a petro dollar, it is also an illegal transaction currency that speaks a lot towards how much people trust the US dollar." (From the short video clip 'Gold and oil and guns' in the article.)

http://forums.silverstackers.com/to...ld-s-bitcoin-the-usd-the-future-of-money.html

 

[Jislizard]

I am happy to say that it is unlikley that money will ever be made from silver again...

That reason would be trust. If people ever lose trust in paper dollars then there will be a return to silver and gold, at least temporarily.

Weirdly enough people seem to trust the government, they might not like the party in power, they might think that their prefered party would do a better job, they might disagree with some of the things that the government is doing but they show no signs of overthrowing the government anytime soon. I am not sure what the government would have to do for people to lose trust in them, sending our country men to kill and die overseas hasn't done it and I can't think of anything much worse they can do to us.

Using silver as money isn't just terrorism, it's Domestic Terrorism, the worst kind there is!

I am happy to say that it is unlikley that money will ever be made from silver again...

Very poor sentence structure there! I would prefer to say that it is unlikley that money will ever be made from silver again, rather than it will never happen. I am sad to say that it is unlikley that money will ever be made from silver again, I would like to be able to have more than a promise from a debt ridden organisation which changes hands every four years.

 

[boston]

There is a business, that is local to me, that accepts silver for their goods. From coins to bars, they accept it all.

I think most people would be surprised at how many businesses actually will accept AG/AU in payment for their goods and services. The secret is to ask!

 

[Ouch]

Just a few corrections:

I stopped reading everything you wrote as the fist alteration you made is 100% false and not correct and never will be again ever any where in the world ever

SILVER IS NOT MONEY, it is a commodity

Wait what? silver is not money, it's a commodity? omg! HOW DO YOU KNOW THIS?!?!?!? Ok.. dont panic, im going to go and ask some people ok? No! YOU come with me too, let's ask together.



Achaemenid Empire Persia

Afsharid Dynasty Persia

Akkadian Empire Sumer

Aksumite Empire Ethiopia
.
Almohad Dynasty Morocco

Almoravid Dynasty Morocco

Angevin Empire England


Armenian Empire Armenia

Ashanti Empire West Africa

Austrian Empire Austria Vienna

Austro-Hungarian Empire Austria, Hungary

Ayyubid Dynasty[citation needed] Middle East

Aztec Empire Mesoamerica Tenochtitlan

Babylonian Empire Mesopotamia
.
Baekje Korea


Balhae Northern part of Korean Peninsula, Manchuria

Belgian Colonial Empire Belgium

Benin Empire Nigeria Benin City

Bornu Empire Nigeria

Britannic Empire Britain

British Empire Britain

British Raj Indian Subcontinent

Bruneian Empire Borneo

Buyid Dynasty Persia

Byzantine Empire Eastern Roman Empire

Caliphate of Crdoba Iberian Peninsula

Carthaginian Empire North Africa

Chagatai Khanate Transoxania

Chalukya Dynasty India Badami

Chera Dynasty Southern India

Chola Dynasty Southern India
.
Danish colonial empire Denmark

Delhi Sultanate Indian Subcontinent
Durrani Empire Afghanistan
Dutch Empire Netherlands Amsterdam
Eastern Wu China
Egyptian Empire Egypt
Empire of Brazil Brazil Rio
Empire of Great Fulo Senegal
Empire of Harsha Northern India
Empire of Japan Japan Tokyo
Empire of Nicaea Bithynia
Empire of Trebizond Black Sea
Ethiopian Empire Ethiopia
Fatimid Caliphate Egypt
First Bulgarian Empire Balkans
First Mexican Empire Mexico Mexico City
Frankish Empire Central Europe Various, including Soissons, Paris
French colonial empires France Paris
Gallic Empire Rhineland-Palatinate Colonia
German Empire Germany Berlin
Ghana Empire Mauritania, and Western Mali K
Ghaznavid Dynasty Afghanistan
Ghurid Dynasty Afghanistan
Goguryeo Northern part of Korean Peninsula, Manchuria
Golden Horde Central Asia
Gorkha Empire Greater Nepal
Goryeo Korean Peninsula
Great Moravian Empire
Great Seljuq Empire
Greater German
Gupta Empire Indian
Gktrk Khaganate Inner Asia tken
Han Dynasty China Chang'an
Kabul
Hittite Empire Anatolia Hattusa
Holy Roman Empire Central Europe
Hotaki Dynasty Afghanistan Isfahan
Hoysala Empire India Belur, Halebidu
Hunnic Empire Eurasia Not specified
Ilkhanate Persia Maragheh, Tabriz, Soltaniyeh
Imperial State of Iran Persia Tehran
Inca Empire (Tawantinsuyo) Andes
Italian Colonial Empire Italy Rome
Jin Dynasty (11151234) Northern China, .
Jin Dynasty (265420) China
Kanem Empire Chad Njimi
First Turkic dynasty to embrace Islam.
Khazar Khaganate Pontic steppe, North Caucasus
Khilji Dynasty Afghanistan
Khmer Empire Cambodia Hariharalaya
Khwarezmid Dynasty Persia Urgench
Korean Empire Korean Peninsula
Kushan Empire Afghanistan
Kushite Empire Egypt, Nubia
Latin Empire Thrace, Asia Minor
Liao Dynasty China Shangjing
Lodi Sultanate Afghanistan Delhi
Macedonian Empire Hellenistic Greece
Majapahit Empire Malay Archipelago
Mali Empire West Africa Niani,
Cairo See also Islamic Empire.
Manchukuo Manchuria Hsinking 1932 1945 13
Maratha Empire Indian Subcontinent Raigad, later Pune
Mauryan Empire Ancient India Pataliputra 321 BC
Median Empire Persia Ecbatana
Micronesian Empire Micronesia, Pacific Ocean
Ming Dynasty China Nanjing
Mongol Empire Mongolia Karakorum
Mughal Empire India Agra, Delhi
Nanda Empire Indian Subcontinent Pataliputra
Neo-Assyrian Empire Mesopotamia Assur,
Neo-Babylonian Empire Mesopotamia
Nguyn Dynasty Vietnam Ph Xun
Northern Yuan Dynasty Mongolia Shangdu, Yingchang,
Omani Empire Oman Muscat
Ottoman Empire Anatolia St, Bursa, Edirne, Constantinople
Oyo Empire Southwestern Nigeria Oyo-Ile
Palmyrene Empire Syria Palmyra
Pandyan Empire Southern India Madurai
Parthian Empire Persia
Portuguese Empire Portugal
Ptolemaic Empire Egypt
Qajar Dynasty[citation needed]
Qing Dynasty China
Rashidun Caliphate Saudi Arabia
Rashtrakuta Dynasty India Manyakheta
Roman Empire Italy Rome
Rouran Khaganate Inner China
Russian Empire Russia Saint
Safavid Dynasty Persia Tabriz, Qazvin, Esfahan
Saffarid Dynasty Afghanistan Zaranj
Samanid Dynasty Persia Balkh,
Sassanid Dynasty Persia
Satavahana Dynasty India Kotilingala
Scandinavian Empire Scandinavia
Second Bulgarian Empire Balkans
Second French Empire France
Second Mexican Empire Mexico Mexico City
Seleucid Empire Persia, Mesopotamia, Syria Seleucia,
Serbian Empire Serbia Skopje, Prizren
Shu Empire China Chengdu
Siam Empire Thailand Bangkok
Sikh Empire Punjab region, India
Silla Korea Gyeongju 57 BC
Song Dynasty China Bianjing
Songhai Empire West Africa Gao
Spanish Empire Iberian Peninsula
Srivijaya Empire Malay Archipelago
Sui Dynasty China Chang'an
Sunga Empire Indian Subcontinent
Swedish Empire Scandinavia
Tahirid Dynasty Persia Nishapur
Tang Dynasty China
Tay Son Dynasty Vietnam
Tibetan Empire Tibet Lhasa
Timurid Empire Persia and Central Asia
Tlemcen Algeria Tlemcen
Tu'i Tonga Empire Tonga, Pacific Ocean
Turgesh Khaganate Turkistan Balasagun
Umayyad Caliphate Syria Damascus, Crdoba
Uyghur Khaganate Central Asia Ordubaliq
Uyunid dynasty Arabian Al-Hasa, Qatif
Vijayanagara Empire South India Vijayanagara
Wari Empire Peru, Bolivia Huari/Tiwanaku
Wei Empire China Luoyang
Western Chalukya Empire South India Manyakheta
Western Roman Empire Italy Mediolanum, Ravenna
Western Xia Dynasty China Xingqing
Xin Dynasty China
Yuan Dynasty China,
Zand Dynasty Persia
Zulu Empire South Africa

Athenian Empire (Delian League) Ancient Greece Delos island
Second Athenian Empire Ancient Greece Athens
Central African Empire Central African Republic
Empire of China China Beijing
First Empire of Haiti North America
First Haitian Empire

Second Empire of Haiti North America Port-au-Prince
Second Haitian Empire, Faustin Soulouque is proclaimed Emperor Faustin I.

Grand Duchy of Lithuania Lithuania Vilnius
PolishLithuanian Commonwealth Poland, Lithuan century
Soviet Empire Soviet Union Moscow
Ur III Empire Sumer
Empire of Vietnam


Sorry guy's julieW was sold to a brothel.. I later found out she turned into a sheep.. thus the name sheeple.

This proves that there is a 100% chance empires that have used silver as money have gone extinct.

 

[Cheepo]

Is silver money or a commodity?

Money: a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.

Commodity: a useful or valuable thing.

Clearly, silver was money in many countries in the past, but now it's a commodity. Which doesn't mean it's not useful, or not valuable, or not worth stacking. But it's not money, it's a commodity.

 

[Jislizard]

There is a business, that is local to me, that accepts silver for their goods. From coins to bars, they accept it all.

I think most people would be surprised at how many businesses actually will accept AG/AU in payment for their goods and services. The secret is to ask!

Hopefully there will always be businesses willing to accept silver

Source: internets

 

[mmissinglink]

There is a business, that is local to me, that accepts silver for their goods. From coins to bars, they accept it all.

I think most people would be surprised at how many businesses actually will accept AG/AU in payment for their goods and services. The secret is to ask!

What business is this? What are the products / goods they will swap for blobs? They except any piece of metal that anyone claims is silver? Do they test the metal fully? How? Does this business swap goods and products for blobs from anyone who comes off the street or do you have to have an account with them, show some specific ID, or something else?

Please be as specific as you can.

Thanks in advance for helping me understand this better.




.

 

[mmissinglink]

There is a business, that is local to me, that accepts silver for their goods. From coins to bars, they accept it all.

I think most people would be surprised at how many businesses actually will accept AG/AU in payment for their goods and services. The secret is to ask!

Hopefully there will always be businesses willing to accept silver

http://truthalliance.net/Portals/0/Archive/images/news/2011/05/gas-20-cents.jpg
Source: internets

As much as I like to see unconventional things like this, that's not an example of a business treating physical silver as money....that's merely a case of a business treating US gov't issued 90% silver coins as money.....it actually isn't evidence of blobs being treated as money. I guarantee you this business will accept any form of fiat US currency as money but there's a reason they don't advertise that they accept anything allegedly made of silver. I mean, are they really going to XRF analyze items of metal that people bring in that are claimed to be silver? That's what physical silver being money would have to look like.

Accepting US denominated currency that happens to have some silver content is not an example of physical silver functioning as money.




.

 

[boston]

There is a business, that is local to me, that accepts silver for their goods. From coins to bars, they accept it all.

I think most people would be surprised at how many businesses actually will accept AG/AU in payment for their goods and services. The secret is to ask!

What business is this? What are the products / goods they will swap for blobs? They except any piece of metal that anyone claims is silver? Do they test the metal fully? How? Does this business swap goods and products for blobs from anyone who comes off the street or do you have to have an account with them, show some specific ID, or something else?

Please be as specific as you can.

Thanks in advance for helping me understand this better.




.

The business is a gardening supplies concern that accepts silver coins or bars for their goods.

The silver coins or bars are not tested - at least not in front of anyone that I know of.

An account, or ID is not required, as the silver transaction is treated as a monetary exchange.

Actually, under the Australian Constitution S115 silver or gold coin is legal tender for the payment of debts.

The terminology of 'blobs' is not used in the circle that I associate with, so I am not sure what you mean.

Whilst there are exceptions, typically in Australia we have silver coins and bars both minted and poured. Gold products are generally also in coin or bar format also minted and poured, with some 1oz stamped 'round buttons' with the mints logo and weight etc stamped on it - perhaps this is what you are referring to?

 

[Jislizard]

There is a business, that is local to me, that accepts silver for their goods. From coins to bars, they accept it all.

I think most people would be surprised at how many businesses actually will accept AG/AU in payment for their goods and services. The secret is to ask!

Hopefully there will always be businesses willing to accept silver

http://truthalliance.net/Portals/0/Archive/images/news/2011/05/gas-20-cents.jpg
Source: internets

As much as I like to see unconventional things like this, that's not an example of a business treating physical silver as money....that's merely a case of a business treating US gov't issued 90% silver coins as money.....it actually isn't evidence of blobs being treated as money. I guarantee you this business will accept any form of fiat US currency as money but there's a reason they don't advertise that they accept anything allegedly made of silver. I mean, are they really going to XRF analyze items of metal that people bring in that are claimed to be silver? That's what physical silver being money would have to look like.

Accepting US denominated currency that happens to have some silver content is not an example of physical silver functioning as money..

Yes, of course, that is just an example and the reason it stands out is because it few other people are doing it.

I think the shop owner is more interested in making a political statement on the way the US fiat system is headed rather than actually being interested in silver or barter.

However the owners are trading on the silver content of the coin rather than the face value so they are not treating it as fiat anymore. I am sure they would go broke if that is the only form of currency they accepted, accept silver or fiat, give change in fiat. Having the government guarantee the silver content of the coins is probably a lot easier than having to XRF every random blob that comes through the door, I doubt they even weigh it. I have lost count of the number of times I have bought coins which have been sold for spot based on what Wikipedia or melt-value-calculators say they should weigh when in reality they weigh a lot less after years of wear and abuse.

Now if I could use 90% US Gov issued coins in Australia to buy products it would be more impressive.

We do accept 1966 50 cents in our coffee shop, last one that came through the door was when they were going for about half of what they are going for now, so it was a while back, we occasionally get a florin but that is usually a mistake, we also get Fiji and NZ coins, I don't think they are a mistake

 

[Court Jester]

your an absolute idiot.

it may have been money in history I am not disputing that but atm and never again will it be considered money again by the general population.

How do you know?

an educated guess

 

[sammysilver]

I sold a brand new PABX to a bullion dealer for 100 oz of silver.

 

[Court Jester]

your an absolute idiot.

it may have been money in history I am not disputing that but atm and never again will it be considered money again by the general population.

How do you know?

'Never' is a very long time to be making predictions over, and it is the unwavering certainty of the person making the prediction that makes me think that he is from the future. Only someone from the future would know with that much confidence, any other reasonable person would at least consider the possibility that somewhere on the planet, some group of people, at some time in the future would use silver for some period of time. It might not be likely for Australia to use silver in the near future but I don't think that we can extrapolate that to every country in the world for ever, just reeks of junk scientific thinking, but you never know, it might be me with egg on my face when the universe finally explodes, or implodes, or fades away.

I am happy to say that it is unlikley that money will ever be made from silver again, the people who make money don't want to use silver because it is expensive, at the moment we are seeing that it is going the other way, governments are using copper plated zinc and copper plated steel in order to make the coinage cheaper. Small denominations are dropping like flies around the world, we have already lost our 1 and 2 cents so we can't even give exact change anymore and it looks like there are calls for the 5 cents to go as well. Governments won't willingly do something to give us any actual value when they can keep giving us pretend value at no extra cost.

If silver does get used it will be in the form of community currencies rather than government issue (Like the Liberty Dollar or AOCS) but in order for that to happen people will need to become more educated about how money works and they will need a really good reason to switch to silver, as far as most people are concerned, the government money is just fine. It took me about four years to get the idea that inflation was robbing us of our savings across to my family.

I should clarify this as well "Never" to me means that in my remaining life time ( I am 30 currently ) I will never see this happen again. I also believe that my kids or their kids will never see this either. But my crystal ball goes foggy around here.

 

[JulieW]

Just a few corrections:

I stopped reading everything you wrote as the fist alteration you made is 100% false and not correct and never will be again ever any where in the world ever

SILVER IS NOT MONEY, it is a commodity

Wait what? silver is not money, it's a commodity? omg! HOW DO YOU KNOW THIS?!?!?!? Ok.. dont panic, im going to go and ask some people ok? No! YOU come with me too, let's ask together.



Achaemenid Empire Persia
< long cut and paste from the internet snipped for screen real estate - see earlier post for the full list.
Empire of Vietnam


Sorry guy's julieW was sold to a brothel.. I later found out she turned into a sheep.. thus the name sheeple.

I might have been upset at this random comment, but then I realised you can neither read, comprehend, spell nor punctuate.

You have my sympathies.

 

[wrcmad]

Apparently in the Argentinan financial collapse
Gold rings were the favorite currency when negotiating with the street gangs.

Cool!
So in the very unlikely event of SHTF, I might be hungry, but I'll still be able to get a hit of smack.

 

[lshallperish]

Sorry guy's julieW was sold to a brothel.. I later found out she turned into a sheep.. thus the name sheeple.

your an absolute idiot.

Just an FYI, you're arguing with a teenager who has probably never held a job in his life and who gets his world view from 4chan.

Yep because many teenager's are buying silver as an investment, funny is it not? I never held a job but I have silver? YOU GOT ME HER HER HER...

People like you are just plain and stupid.. I cant even get my head around people like you. "SILVER IS NOT MONEY" if silver is not money why does it have a value? I cant go and exchange silver to buy that gum in coles but I can exchange it for cash and then go buy that gum? Is your IQ so low that you couldn't come up with a simple logic like that?

You are on a silver forum and bashing silver saying it's not money yet I bet all of you have silver hidden under your bed for what reason?

Go back to your stocks and shares, even better go buy government bonds.

Still cant get over the stupid logic that person came up with and Mr silverpete here being a white knight as usual and defending a girl, good job. I'll use a 4chan word for you since you must browse that site like crazy "BETA is going to BETA"

"Go buy gum at coles with your silver, har har har har" go buy gum with your bond, share, stock, real estate and see if you can then..

 

[goldpelican]

76 replies to a hit and run post - trolled you guys good.

 

[libertadiac]

Apparently in the Argentinan financial collapse
Gold rings were the favorite currency when negotiating with the street gangs.

No - US dollars as it has always been. I was there at the time people were being kidnapped and ransomed. No gold, no barter.

 

[renovator]

76 replies to a hit and run post - trolled you guys good.

:lol: hahaha... Weve got a couple of new trolls