the bullionr life
Out of nowhere
it came like lightning,
and the conversation steered towards the End of Times ….
Grasshopper: You shouldn’t buy gold and silver! They’re just shiny things! It’ll be of no use during an actual economic collapse because there’s a limit to its physical distribution and you have these lumps of metal you can’t carry around which is a problem for trade. Instead people will prefer things, like beans and rice, as well as a person’s services or skills as the means of exchange.
Me: Well. Yes, I understand. But it's really easy to buy in smaller lumps. Gold coins come in several handy increments like 1 oz, ½ oz, ¼ oz and 1/10 oz sizes. Some coins even come in 1/20 oz sizes.
-------- Then all of a sudden my mind began to wander off into a haze… -----------
And, just like that it was Dooms Day! The Year? Who knows? Who Cares?
Here I was in this nightmare of a vision! This is the stuff that causes night sweats for us Gold and Silver Coin Collectors! ….a vision of me holding one of my 1 ounce gold coins ….
I was just sitting there with my shiny little coin :) wondering where I put that darn hammer!
I realized I now needed a hammer!
Then, in this nightmare of a vision….
I strolled down the street…and
… I came upon a neighbor who happened to have one extra hammer that he said he will sell to me for about $200 or 100 lbs of rice!!!
Shocked! I thought to myself…”It’s an economic collapse right?”
But, I have no rice!
So, in this nightmare of a vision, I agree to break off a $200 sized-portion of my shiny gold coin.
Suddenly I am in pain! Poor, poor beautiful shiny coin! :)
And, I start to sweat! As I’m also a tad nervous in this nightmare of a vision ‘cause I realize I don’t want to give that neighbor of mine any more Gold than we’ve agreed to…besides this is beginning to feel a lot like highway robbery….
$200 hundred dollars for a hammer! Geez!
Nervously, I begin to chisel away at my precious shiny Gold 1 ounce Coin!
Softly I whisper to my shiny Gold coin…. :) reassuring it :) …that I do this only because I need that hammer and I think I can safely manage to chisel off a fair portion in exchange for the much needed hammer.
Whew! The trade is done! And, I head towards home happily going about my way; hammer in hand….
Of course, by now I have realized I had better look for my scale when I arrive back home (e.g. most any collector of Gold and Silver will have one laying around somewhere)
Home now… I find myself fumbling around in the house.
There it is…a scale! Not the one I was looking for! LOL! :)
But, I now have a hammer and precision equipment!
You know what I’m talking about, right?
It’s the stuff that kitchen scales are made of! :) I purchased it a few years back to measure meal portions! LOL! :) I think to myself, ”I knew this scale would fair me well one day…in the physical distribution of not only my rice and beans but of my shiny Gold and Silver coins, too!”
It’s an economic collapse right? “ :)
_ _ _ _ _ _ _ _ _ _ _ _ _
By now the haze of my nightmare vision appears to fade as I find myself tuning back into the conversation at hand…
The next thing I hear is:
Grasshopper: What do you think Gold is?
Me: Listen, Gold AND Silver are infinitely superior to fiat currency…which is simply worthless paper backed by government IOUs”!!! (I say as I am stumbling out of my haze back into the conversation)
Grasshopper: Technically, the government can outlaw Gold at any moment! They have made it illegal before; confiscated it! It won’t and doesn't really have value either unless the government says so. In a total economic collapse it won't have real use as a currency because people won't demand it. What they'll be demanding is food, labor, electricity, and protection.
Me: :) You make many good points here, Grasshopper! :) Anything considered of value to you may easily be devalued or confiscated at any time by any government or authority figure…In essence, because they Make The Rules! The key thing about Gold that you're missing is that it cannot be created on demand like the way the Federal Reserve can create your paper dollars on demand. Gold is RARE! And, the primary purpose of money is to act as a store of value, effectively to allow a person to convert their labor now into something they can spend later on. And, when I say Gold is a store of value I mean it! For instance, a good gentleman’s suit has cost about the same as an ounce of gold at most every point in time…over the last several thousand years!
Grasshopper: You can't eat Gold and Silver, people will only want food for their family rather than a bunch of shiny things in a vault somewhere!
Me: Uh…okay. But what you are wrong about is in your belief that I am presuming someone might enjoy a shiny Gold coin instead of a warm meal, potable water, a watchman on the tower (security), or warm shelter! And, what you are right about are some of the issues and concerns in an economic collapse. Most certainly, we don't want an economic collapse! However, if there is ever an economic collapse, Gold and Silver will have their place! Remember, the concept of diversification. It is recommended to convert at least 10% of your fiat currency into Precious Metals. And, it’s a fact that if people have surplus food and goods they are much more subject to trading it for anything, as long as they perceive that "anything" to have either current or future value to them.
A BUSHEL OF ROTTEN APPLES
The point of the shiny thing (e.g. Gold Coin) is that it's a store of value. If you have a specific skill or goods to offer in exchange for some food or water, sure you've got a trade on the spot (e.g. IF, AND ONLY IF, that other person finds a need for your specific skill or goods at that exact moment in time!) If not, holding some GOLD and SILVER, means you’ve got something that the other guy might be willing to accept on the basis he could then trade it with someone else later on. That, after all, is why we use any form of money (Shells, Beads, Gold, Silver) rather than a Bushel of Apples. Eventually, over time those Apples are going to go bad! And, remember, all it takes is one bad apple to spoil the whole bunch!
In the end, TOTAL economic collapse ALWAYS takes us back to the "dual coincidence of wants"! It really is a flawed concept for a people to believe they are unlikely to trade goods or labor for anything else other than goods and labor of like kind.
We all know that Pure Barter economies rely on trading partners with mutually beneficial needs! Simply put, ‘Farmer A’ has chickens but no dairy cows while ‘Farmer B’ has dairy cows but no chickens. And the two farmers agree to swap so many eggs for so much milk.
The inherent flaw then, is that you must find another person with disposable possessions that mutually suit both yours and his/her immediate needs. For an act of barter or exchange to actually occur everyone’s wants must match perfectly; it must be a 'double coincidence of wants' at that moment in time - which will rarely happen.
GOLD AND SILVER IS A SOLUTION
Gold and Silver…REAL MONEY provides a more flexible approach to trade than the pure barter system.
By using GOLD AND SILVER, the need for a double coincidence is eliminated. Sellers need only find someone willing to buy their product, and there no longer is a need for the buyer to be selling precisely what the original seller wants.
You are no longer dependent on that other person needing your exact service or good at that very exact moment in time.
HE WHO HOLDS THE GOLD HAS THE POWER! AND, IT IS HE WHO MAKES THE RULES!
Part of what gives money its value is that its value holds up over time.
In a TOTAL financial collapse, most all experts tend to agree that Gold and Silver will be the primary form of money that most would need and gladly accept, followed by other forms of barter - disposable goods, personal services and skills.
Simply put, this means he who holds the Gold lessens the chances of his being left with a Bushel of Rotten Apples!
Grasshopper: Well, I've got some.
It is my goal to offer my customers the very best in Precious Metals including certified graded coins based upon three factors – rarity, grade and age. And, I am also quite focused on an additional goal:
Making It Easy For Everyone To Purchase Precious Metal products!
#TheLadyLovesPreciousMetals, #RealProperty, #RealMoney...
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