Gold As Everyday Currency

patrick jane

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Yes. But we are to be wise and prepare. Gold is the only ' currency" that has withstood every financial disaster on earth. I recommend people buy it and store it against what may occur when the global system fall's. Gold and silver will still be the victor. Pre 50's (?) silver dimes are 99% silver. And any gold in jewelry or wholesale " unprocessed" is a good way to accumulate Gold. Hey if the global system does fall at least one has something to barter or buy with. Because if this happens, Gold and silver will be the only currency available to get by on.

AS to

2Co 12:14 Behold, the third time I am ready to come to you; and I will not be burdensome to you: for I seek not yours, but you: for the children ought not to lay up for the parents, but the parents for the children.

I do not see this scripture applying to the subject .


that scripture expresses what it says - parents should strive to 'build up' a savings for their children, not the other way around.
 

Nick M

Black Rifles Matter
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i imagine ammo and gun makers are into some freaky metal combos and patents -

Bonded bullets. The jacket is bonded to the core so it the jacket doesn't separate and the bullet doesn't fragment. When it fragments, it cannot penetrate as deep. Another is monolithic bullets. Meaning all copper but some seem to be a copper alloy of some sort. They also hold their mass.

All copper is not new. African game has always gone down with "solids" which are heavy all copper rounds. Lead is heavy, but it breaks up.
 

patrick jane

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Bonded bullets. The jacket is bonded to the core so it the jacket doesn't separate and the bullet doesn't fragment. When it fragments, it cannot penetrate as deep. Another is monolithic bullets. Meaning all copper but some seem to be a copper alloy of some sort. They also hold their mass.

All copper is not new. African game has always gone down with "solids" which are heavy all copper rounds. Lead is heavy, but it breaks up.

interesting. i just left a job that was heavily involved with architectural sheet metal with emphasis on copper. it's a wonderful metal. plus with lead, you don't want the target to get lead poisoning - LOL :chuckle:
 

patrick jane

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Bonded bullets. The jacket is bonded to the core so it the jacket doesn't separate and the bullet doesn't fragment. When it fragments, it cannot penetrate as deep. Another is monolithic bullets. Meaning all copper but some seem to be a copper alloy of some sort. They also hold their mass.

All copper is not new. African game has always gone down with "solids" which are heavy all copper rounds. Lead is heavy, but it breaks up.

copper is a soft metal but not as soft as lead obviously, but what do they use for armor piercing ?

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OCTOBER23

New member
Ezekiel 7:19 They shall cast their silver in the streets, and their gold shall be removed:

their silver and their gold shall not be able to deliver them

in the day of the wrath of the LORD:
 

patrick jane

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Ezekiel 7:19 They shall cast their silver in the streets, and their gold shall be removed:

their silver and their gold shall not be able to deliver them

in the day of the wrath of the LORD:

metals hold value, always have. we avoid greed and selfishness and use money for goodness and doing God's Will. some folks use their wealth to help others and create good will amongst the masses - :chuckle:
 

Clete

Truth Smacker
Silver Subscriber
this has been a few years now but Gols as everyday currency has been started. speculation of a collapse of the dollar, the collapse of paper money or collapse of the world economy where currency returns to precious metals -

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Gold is not money!

Whatever anyone will take from you in exchange for their good and services because they believe others will take it from them in exchange for other goods and services is money. Makes no difference AT ALL whether it gold, silver, peanut husks, sea shells, cattle, fancy pieces of paper or whatever else anyone can come up with.

That is step number one in understanding how the economy works. If you can't get that, you're doomed to have your money evaporate before your eyes.

Gold is just a commodity and it is trading as such and will continue do so.

The U.S. Dollar is a very far distance away from collapsing and you are going to see massive deflation before you see any inflation in America. This is so because the dollar is not tied to domestic policy but to global debt, most of which is denominated in U.S. dollars.

This is what will happen. The Fed will find itself stuck. They'll be forced to raise interest rates because of political pressure generated by the fear of impending inflation. That increase in rates will cause a wide spread debt crisis that will make Greece look like a picnic. Default after default will begin to occur which will have a BULLISH effect on both the U.S. Dollar and U.S. equities (the stock market) because it'll be the only game in town. There won't be any other country for big money to go to but the U.S. In response to the increase in the dollar and the stock market the U.S. central bank will raise rates further trying to cool the market and it will have the opposite effect, pushing the dollar and the stock market higher and higher.

This will go on for a couple of years most likely until there is a successful push to dethrone the dollar and the international reserve currency, assuming of course that someone hasn't started a war over it by then.

In any case, the lows for gold are not in and probably won't be in before we see it below $1000/ounce.
 

patrick jane

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Gold is not money!

Whatever anyone will take from you in exchange for their good and services because they believe others will take it from them in exchange for other goods and services is money. Makes no difference AT ALL whether it gold, silver, peanut husks, sea shells, cattle, fancy pieces of paper or whatever else anyone can come up with.

That is step number one in understanding how the economy works. If you can't get that, you're doomed to have your money evaporate before your eyes.

Gold is just a commodity and it is trading as such and will continue do so.

The U.S. Dollar is a very far distance away from collapsing and you are going to see massive deflation before you see any inflation in America. This is so because the dollar is not tied to domestic policy but to global debt, most of which is denominated in U.S. dollars.

This is what will happen. The Fed will find itself stuck. They'll be forced to raise interest rates because of political pressure generated by the fear of impending inflation. That increase in rates will cause a wide spread debt crisis that will make Greece look like a picnic. Default after default will begin to occur which will have a BULLISH effect on both the U.S. Dollar and U.S. equities (the stock market) because it'll be the only game in town. There won't be any other country for big money to go to but the U.S. In response to the increase in the dollar and the stock market the U.S. central bank will raise rates further trying to cool the market and it will have the opposite effect, pushing the dollar and the stock market higher and higher.

This will go on for a couple of years most likely until there is a successful push to dethrone the dollar and the international reserve currency, assuming of course that someone hasn't started a war over it by then.

In any case, the lows for gold are not in and probably won't be in before we see it below $1000/ounce.

i don't make the rules on currency and trade but you're talking about a barter system or libertarian, a true free-market economy ? socialism ?
precious metals and heavy metals have always been perceived as having and holding value since discovery and early civilizations.

again, i personally don't see it, but i don't make the rules. your paper money, your debit card and 401k are worthless paper, gold and silver, platinum, uranium, plutonium, copper, lead, aluminum, et al, ALL ARE VALUABLE - natural resources are the currency of the world, going back even before salary was paid in salt. the word salary came from salt. gold is today's salt -
 

Angel4Truth

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Hall of Fame
this has been a few years now but Gols as everyday currency has been started. speculation of a collapse of the dollar, the collapse of paper money or collapse of the world economy where currency returns to precious metals -

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Ezekiel 7:19 'They will fling their silver into the streets and their gold will become an abhorrent thing; their silver and their gold will not be able to deliver them in the day of the wrath of the LORD. They cannot satisfy their appetite nor can they fill their stomachs, for their iniquity has become an occasion of stumbling.
 

Nick M

Black Rifles Matter
LIFETIME MEMBER
Hall of Fame
your paper money, your debit card and 401k are worthless paper, gold and silver, platinum, uranium, plutonium, copper, lead, aluminum, et al, ALL ARE VALUABLE - natural resources are the currency of the world

Gold traders take their gold, get that worthless paper money and spend it. Gold is valuable because foolish people like jewelry. Money has no value except that which we give it. The same as all things.
 

aikido7

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When you and your wife give away all of your earthly possessions (including giving away your house), then we'll start listening to your extremely skewed version of Scripture.

In the meantime don't derail this thread, as for once pj has a great point (a good percentage of my financial portfolio is in precious metals).
Jesus's comments and conclusions on the matter are clear.
He either said it or he didn't and I choose to believe he did.

And as a Jew, he was well aware (and apparently in favor of) the effort by the Jews to build in some ancient version of socialism into the very structure of their religious culture.

They were commanded to leave a part of every harvest for the poor, the immigrant, the stranger and the hungry. They mandated care for
"the widow and the orphan." They had regular periods of time every so often set aside to forgive ALL debts and to revert all land back to the original owners.

Jesus made these traditions a central part of his mission. In the Lord's Prayer, it contains the phrase "forgive our debts (and trespasses)" as we forgive others theirs.

The Jews were never talking about the abolition or punishment of the rich. Their aim was the ancient biblical one of establishing mercy and justice on earth. A just and equitable household, headed by God the Father.
 

Clete

Truth Smacker
Silver Subscriber
i don't make the rules on currency and trade but you're talking about a barter system or libertarian, a true free-market economy ? socialism ?
precious metals and heavy metals have always been perceived as having and holding value since discovery and early civilizations.

again, i personally don't see it, but i don't make the rules. your paper money, your debit card and 401k are worthless paper, gold and silver, platinum, uranium, plutonium, copper, lead, aluminum, et al, ALL ARE VALUABLE - natural resources are the currency of the world, going back even before salary was paid in salt. the word salary came from salt. gold is today's salt -

If you go on believing that, you'll end up broke. Gold is not money. It's price does not go up with the money supply, as the gold/silver sellers want you to think. The only thing precious metals are a hedge against is government, not inflation.

And explain to me how I just exchanged $12 for some fine Texas BBQ if my money is worthless?
 

Dan Emanuel

Active member
If you go on believing that, you'll end up broke. Gold is not money. It's price does not go up with the money supply, as the gold/silver sellers want you to think. The only thing precious metals are a hedge against is government, not inflation.

And explain to me how I just exchanged $12 for some fine Texas BBQ if my money is worthless?
Not only that but 1 gram of a Benjamin will fetch you almost three gram's of gold. Pound-for-pound, I'd rather have hunge's.

(1 hunge = 100)


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