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silver dime buys gallon of gas


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2022 May 1, 12:18am   12,412 views  82 comments

by AD   ➕follow (1)   💰tip   ignore  

The amount of silver and value of a silver dime is equivalent to the cost of a gallon of gas since the dime entered circulation. Please read more below.
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52   B.A.C.A.H.   2022 Oct 21, 12:22pm  

NuttBoxer says


Why would you get a cut of the taxes?

You pay federal taxes, we collect interest on the treasury debt.

NuttBoxer says


As far as loans, if you can't afford your lifestyle, you should make changes before you start investing.

That's right. Folks borrow, we collect interest on the deposits (brokered CD's).

NuttBoxer says



There are a number of people who have operated outside the financial slave system

Yeah you're right about that. Can't win them all. But for those of them who hoard silver, we collect the dividends of the mining companies.
53   NuttBoxer   2022 Oct 21, 12:39pm  

B.A.C.A.H. says

You pay federal taxes, we collect interest on the treasury debt.


Ahh, you're holding bonds. Those aren't paid by taxes my friend, taxes haven't been enough to cover even the interest on the national debt for at least 10 years. I hope your following the bond market, and have an exit strategy.

Have you ever adjusted for inflation?

Your dream of other people paying you ended decades ago man. We are leveraged so far out the taxes only serve to give the appearance of credibility to the system. At least through taxes and paper markets. The only payment that's still real in this system is our time, and what we produce. And even on that end most of us work a fake industry that doesn't produce anything other than services, that no one will really need in the future that's coming. Yes, I'm talking SW.

I don't know about you, but what I earn I want to come from honest means, not by stealing poorer people's time. Just waiting to collect my stock payout and my bonus, then I'm going to a company with some morals.
54   AD   2022 Oct 21, 1:16pm  

NuttBoxer says


Yes, I'm talking SW.


What is "SW" ?

Since around 2008 the economic system has been on life support based on ZIRP (zero interest rate policy) and QE (quantitative easing). The Fed waited until the last year of Obama's admin to turn this around and raise rates. It should have done that right after he got re elected and in small increments like 0.25% every other quarter.

Its made it easy for borrowing especially for the federal government.

I agree as we need to understand as a society as far as what is value-added services and goods. As we tighten our belts in the downward segment of the economic cycle, a lot of wasteful economic activities will cease to exist.

We'll see how the federal debt to GDP ratio fares over the next 2 to 4 years. Maybe they can inflate themselves out of this and reduce it back to 100% which was where it was from 2012 to 2020.

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55   NuttBoxer   2022 Oct 21, 2:46pm  

Sorry, Software. Wishing more and more I would have gone into farming...
56   AD   2022 Oct 21, 3:08pm  

NuttBoxer says

Sorry, Software. Wishing more and more I would have gone into farming...


Are you saying that software (SW) is not going to be needed in the future because society is going to collapse that much ?

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57   B.A.C.A.H.   2022 Oct 21, 4:45pm  

NuttBoxer says


Ahh, you're holding bonds

I said treasury debt, not "bonds". "Notes" are treasury debt with maturities under 2 years. The 3-month treasury yield on new issues is just a few basis points under 4% (annualized), not too shabby for cash needed for 6 -12 months. (No state income tax!).

"Bonds", a word that you mistakenly attributed to me, have maturities >= 10 years. Homie don't hold those, not directly anyways. Retail banks that I have deposits in may have them as capital reserves, but that's their problem, not mine.

The main problem I have with long term treasury debt is not inflation, which I agree with you is a real problem, but default. As a candidate in 2016, Trump already went on record that haircuts could be used to lessen the federal debt burden. So what was formerly unspeakable is not unspeakable any more. Doesn't matter anyway, - as you insinuated, bondholders will lose capital on inflation.

NuttBoxer says


Have you ever adjusted for inflation?

Yes I do that from time to time. That's what the stocks are for.

I reckon due to inflation the purchasing power of my portfolio, even though heavily in stocks, will shrink over time. Come'on, homie, - we all knew this would happen. If we didn't discount the future value of our portfolio and pension income to inflation we'd be like ostriches (heads in sand). I have accepted it and moved on. No use getting torqued up about an unstoppable force.

NuttBoxer says


Your dream of other people paying you ended decades ago

Never had that dream. It's just the irony I see in preppers and hordes of silver hoarders hoarding silver (an industrial metal) assuming that they can trade it for food, fuel, rent, and medical procedures. I did those thought experiments decades ago and decided it won't work. And this was after spending about a decade reading about the Weimar Inflation.

Wish you well. Maybe you will prove me wrong, Bully For You if you do.
58   NuttBoxer   2022 Oct 21, 5:35pm  

ad says

Are you saying that software (SW) is not going to be needed in the future because society is going to collapse that much ?


Decentralization is the future. In a decentralized world, how much of the current SW is still useful? I think it scales way back, like a lot of sectors that aren't absolutely necessary for everyday life. The future needs real products, small-town services, local, sustainable ways of living.
59   NuttBoxer   2022 Oct 21, 5:50pm  

B.A.C.A.H. says

No use getting torqued up about an unstoppable force.


Only applies to assets that do not retain value outside the current Federal Reserve system. Forgetting the paper markets for metals, which are not different than any other paper market, physical coin has not had the same swings and losses. You can still buy a suit in Rome for the same price you could buy a nice set of clothes under Constantine. You won't get crazy upswings in value, just protection against inflation.

B.A.C.A.H. says

It's just the irony I see in preppers and horders of silver hoarders hoarding silver (an industrial metal) assuming that they can trade it for food, fuel, rent, and medical procedures.


Personally, I don't know anyone doing this. Everyone I know, including myself has rations, water, guns, ammo, and a place to go with others for protection. If all I had was coin, what's to stop someone from robbing me, forget about bartering, it won't get that far.

My wish is all of you make similar plans, because I don't want to see anyone in government lines for food with a side of booster. Plan to be able to survive without government, or plan to be enslaved.
60   AD   2022 Oct 21, 9:09pm  

I think it will be a depressed standard of living for 90% of the population. But I don't think it will get that bad. The poorer likely won't see much of a dramatic change. The middle class will see the greatest change, and will undergo a drop of 20% in quality of life.
61   NuttBoxer   2022 Nov 22, 12:01pm  

That's already happened.
62   AD   2022 Nov 22, 2:09pm  

NuttBoxer says

That's already happened.


Cloward Piven is a winning strategy. Birdbrain Biden plans even more handouts.

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63   Hircus   2022 Nov 22, 3:19pm  

Nuttboxer, what types of denominations for metals do you hold? I've seen those combi bars where you can snap of the scored bars, which look real convenient, but they carry such a price premium. I was thinking of buying a variety of coins so I have some immediate variety, but plan to stock mostly larger bars that I will just cut up if needed.

I'm not yet at the point where I'm buying metals for my preps. I'm still working on higher priorities (last month I got 1000lb of grains from azurestandard, some solar gear, various other stuff). I think precious metals are of limited usefulness in shtf, but are certainly still one of the more useful things one could stock. While I think there will be brief periods of time where the vast majority of people are only seeking to acquire food/water like stuff, and thus wont care much about people offering to trade them metals, that period will pass. And people who have surplus of some resource, or those who are generally secure in their resources, will likely always be willing to take metals as payment to some degree imo.
64   AmericanKulak   2022 Nov 22, 3:23pm  

Buy silver chains and simple rings.

Don't buy rounds. The gangs from the underground market that act as security will follow the guy with a roll of Walking Liberties home to kill him, rape his family, and steal all his preps.

Better to hand off the single silver ring or chain and say "I need that amox/Let me pass, take this chain my Aunt brought me as a kid." Rather than dig in your pockets and count out rounds: "Git 'em, he's rich!" and fight off 6 guys.
65   Onvacation   2022 Nov 22, 3:48pm  

AmericanKulak says

Buy silver chains and simple rings.

We haven't had a good thread on the virtues of yams, clear fields of fire, and belt-fed lately.

Cannibal Anarchy is closer than ever.
66   NuttBoxer   2022 Nov 23, 12:50pm  

Hircus says

Nuttboxer, what types of denominations for metals do you hold?


Whatever gives me the most ounces. Junk has gotten ridiculous on premiums due to scarcity. Rounds never seem to attract as many buyers, so they're usually a good way to go. And it depends on the ratio. Until it drops back to around 30, will be staying with silver.
67   NuttBoxer   2022 Nov 23, 12:52pm  

AmericanKulak says

Buy silver chains and simple rings.

Don't buy rounds. The gangs from the underground market that act as security will follow the guy with a roll of Walking Liberties home to kill him, rape his family, and steal all his preps.

Better to hand off the single silver ring or chain and say "I need that amox/Let me pass, take this chain my Aunt brought me as a kid." Rather than dig in your pockets and count out rounds: "Git 'em, he's rich!" and fight off 6 guys.


I assume this is not serious. If you haven't prepared your defense, you are buying for someone else.
68   RWSGFY   2022 Nov 23, 1:07pm  

NuttBoxer says


RWSGFY says


I don't see how are you going to persuade somebody who has something real like food, energy or clothes you need that these old worn coins are worth more than what is written on them. "Son, it says 25 cents right there on the coin you gave me so why should I believe you that it's really $10? I'll just keep my jerry can of gasoline thankyouverymuch".


For sure. But if you aren't buying silver and gold, how likely are you to have the food, clothes, off grid energy and gasoline?



I don't see the correlation. It's perfectly normal to have shelter, food and means to defend yourself but no precious metals (not counting the wedding ring). It is burdersome to check precious metals for purity now, it will be exponentionally harder to do so in the preppers dream world of "who was nothing will become everything".

I'd also argue that in such a dystopian world the value of precious metals go DOWN relatively to essential goods, not up. Proven by Russian revolution and civil war of 1917-1921, Holodomor in Ukraine in 1932-1933, various occupied territories in WWII, etc. when someting that used to be worth a small fortune before SHTF was being exchanged literally for a loaf of bread. So the time to AMASS precious metals is AFTER SHTF, not in preparation for it.
69   AD   2022 Nov 23, 2:15pm  

RWSGFY says


a dystopian world the value of precious metals go DOWN relatively to essential goods,


That is what I figured in a Mad Max Road Warrior type world, or something like out of the movie The Road. What is of value that is tangible are based on basic survival like canned food, drinkable water, water treatment chemicals, egg laying chickens, first aid kit, bullets and guns,etc.

Intangible value are skill sets like being able to fix things in the homestead, micro farming skills, medical skills, etc.

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70   AmericanKulak   2022 Nov 23, 2:24pm  

NuttBoxer says


I assume this is not serious. If you haven't prepared your defense, you are buying for someone else.

Read Selco, the guy who survived a city in the Yugoslav war with massive shortages, blockades, and gangs running the show.

https://www.amazon.com/Dark-Secrets-SHTF-Survival-Violence/dp/1792159226

Seeds, canned food, cleaning supplies (!!!), water containers.
71   NuttBoxer   2022 Nov 23, 10:10pm  

RWSGFY says

I don't see the correlation. It's perfectly normal to have shelter, food and means to defend yourself but no precious metals (not counting the wedding ring).


I don't know many people capable of being self-sufficient, or in possession of a place they can easily defend. The ones I do know aren't stopping there.

RWSGFY says

It is burdersome to check precious metals for purity now, it will be exponentionally harder to do so in the preppers dream world of "who was nothing will become everything".

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This is literally half the reason they serve as the only real currency, precise measurement. The other half is inability to create. And again, the reason you hold is for rebuilding the world, not surviving economic collapse. Although there are certainly scenarios that make sense when shit is going down, quickly obtaining transportation, bribing your way through checkpoints. Before chaos really ensues.

RWSGFY says

when someting that used to be worth a small fortune before SHTF was being exchanged literally for a loaf of bread.


So you've got the defensible shelter, the ammo, the guns, the rations, the water, the clothes. Now what? Just keep amassing paper you know will become worthless any day? Why is it so hard for you to conceive some of us are already planning past survival?

RWSGFY says

So the time to AMASS precious metals is AFTER SHTF, not in preparation for it.

With what? My paper currency won't be worth shit, so I'm not fucking holding that. And I've already prepped for the rest. Why are you against people wanting to do better than just survive?
72   NuttBoxer   2022 Nov 23, 10:15pm  

AmericanKulak says

Read Selco


Selco will look like a holiday compared to what's coming. This isn't one city, or even one country, it's going to be every country, city, town, neighborhood, and home that is incapable of being completely self-reliant for at least 3-6 months.

If you're still on step 1, survival prep, you better fucking put it into high gear. At this point you should be almost done, and well into step 2, planning for the rebuild.
73   AD   2023 Nov 4, 1:07pm  

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good website based on Rich Wicks comments: https://elements.visualcapitalist.com/visualizing-gold-price-and-u-s-debt-1970-2023/

speaking of precious metals,

1) SPDR Gold Trust is still at 2011 levels :-/

2) and worse as far as possible market manipulation, the iShares Silver Trust is about 40% of 2011 levels :-(

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74   RWSGFY   2023 Nov 4, 2:06pm  

The idea of surviving 6 months sitting on a bag of beans and a box of gold bricks with a shotgun in a suburban house amid total societal collapse is a fun excercuse in mental masturbation, but it's unrealistic unless you are a member of a group able to take and control ground the size if small town or at least a subdivision. One guy with an AR-15 and his wife with a shotgun will hold their shack with beans and gold bricks piled inside against a determined squad-sized band of attackers for maybe 2-3 hours. Maybe. There will be no rebuilding with gold bricks after that. So if you are not a part of a group, you are not really as prepared as you think you are.
75   AD   2023 Nov 4, 3:06pm  

RWSGFY says


The idea of surviving 6 months sitting on a bag of beans and a box of gold bricks with a shotgun in a suburban house amid total societal collapse is a fun excercuse in mental masturbation,


I agree as I would rather be in a rural area with neighbors I trust and who would form an armed posse to protect the neighborhood.

And I would want multiple water sources within that neighborhood as well as food sources like chickens and 5 years worth of chicken feed (corn, grain, etc.).

If you aquafarm Tilapia, the fish can survive just on algae. And the Tilpia waste can be used as fertilizer for hydroponic vegetables and fruits.

The neighborhood would have to create its own self-sustained society. I agree as shiny things like precious metals will have no value in such societal long term chaotic conditions.

It would take at least 10 years for the USA to stabilize and turn itself around if the modernized world was to reach that level of chaos, and beyond Selco in the old Yugoslavia during the 1990s.

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76   just_passing_through   2023 Nov 4, 4:56pm  

I watched an interview of a guy stuck in a house in a large city during the Bosnia Hertz war for a year. He claimed that he only survived because he had 15 armed people in his house, would go out in small teams at night and barter for shit.

His best barter items were refillable butane lighters and he had a large tank of gas. He'd tell them if they needed a refill to meet him somewhere and he'd return the next day with a refill.

Guns and bullets being the other thing that was tradable for life saving items.

Every time they went out at night they'd be careful to take a route that they hadn't taken before as much as possible.
77   NuttBoxer   2023 Nov 4, 11:13pm  

I'm not sure why people think gold and silver are only used during cannibal anarchy. They've served a money since the beginning of time. When countries thrived it was always due to real money(gold, silver) based economy. I can tell you who will be looking to acquire more gold and silver during a collapse, people who are prepared, will easily survive the collapse, and are already thinking about what happens when we rebuild. That's when I plan to use mine. After the worst of it, when everything will be dirt cheap, and most people won't have any means of purchase.
78   AD   2023 Nov 4, 11:24pm  

NuttBoxer says

I can tell you who will be looking to acquire more gold and silver during a collapse, people who are prepared, will easily survive the collapse, and are already thinking about what happens when we rebuild.


When society collapses, people's mindset will be so desperate that the only fungible currency will be survival-related goods like canned food, medicine, etc. as well as service bartering which depend on valuable skills like first aid, carpentry, mechanical repair, chicken farming, etc.

When society starts to recover, then expect a new currency by a new stable government which will repeat of the paper or fiat currency cycle.

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79   just_passing_through   2023 Nov 5, 11:00am  

@ad is correct, I found that guy I mentioned above. Not the in person video that I saw years ago but essentially the same story: https://cats2010.com/interview-with-a-bosnian-survivalist/

I forgot about cheap whiskey also being a good barter item!
80   AD   2023 Nov 5, 9:00pm  

Here are some links related to if society collapses

https://en.wikipedia.org/wiki/American_Redoubt

https://en.wikipedia.org/wiki/James_Wesley_Rawles#Tools_For_Survival

The communities that stick together will survive together. They will ensure water and food supply as well as basic needs like shelter and medical care, and will provide their own police security force.

It won't be precious metals that would be valued, but anything tied to food, water, shelter, security and medicine. Basic and advanced skills will be valued from fixing shelters to medical doctor services.

Bartering may be a major factor in the local economy (i.e., exchange of goods and services).

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81   HeadSet   2023 Nov 6, 6:27am  

just_passing_through says

I forgot about cheap whiskey also being a good barter item!

Why, because no one ever has any left?
82   NuttBoxer   2023 Nov 6, 7:19am  

ad says

When society starts to recover, then expect a new currency by a new stable government which will repeat of the paper or fiat currency cycle.


Absolutely not. You don't seem to understand that everything happening with the fiat system for the last 50 years is completely unprecedented in world history. Either they keep it going long enough to lock us into perpetual slavery using CBDC, or everything collapses, never to be rebuilt, at least not for many generations to come. You see, those of us prepared don't want the old systems back, and will not support it. And since we'll be the only ones with any purchasing power, they'll stay dead. For a good example on a smaller scale read about what happened in the United States after the Revolution.

Again, gold and silver are the only real money that has ever existed, and the only thing that will be accepted once we start rebuilding. People won't trade whisky and cigarettes forever. Don't just plan to survive, plan to thrive.

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