patrick.net

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.

NuttBoxer says

Again, gold and silver are the only real money that has ever existed

Gold was around $850 in 1980 and is around $2300

Its only gone up about 2% a year from 1980 to present day

Granted gold was skyrocketing back in 1980 due to significant inflation

But I see your point as far as the currency system reverting to gold and silver after society recovers from a major disaster or catastrophe

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AD says

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.

Always. And the first currency that comes back is the tally stick, or representations of sacks of grains. That's what currency poor places do when money is in short supply.

Any fool dumb enough to flash silver rounds at the Black Market is going to be followed home by the Black Market guards, who will be from the Mafia.

I love the idea of silver currency, but all wages must be paid in the metal, no paper representation. If banks and governments want to trade paper with each other, they're free to do so, but the metal itself must be widely held.

I've posted on this forum before excerpts of metal paper discounted rates being published in US newspapers. "Oh, that'a a silver certificate from first Bank of Ohio? We only pay 85% of face."

A Glibertarian might say "Well just don't bank at First Bank of Ohio".

Problem being, that's where his employer banks, not where he banks.

HeadSet says

Why, because no one ever has any left?

That Bosnian guy mentioned it as a hot item in a SHTF cannibal anarchy situation.

AD says

silver dime buys gallon of gas

Two silver dimes in California.

Onvacation says

Two silver dimes in California.

Unlike Florida and most of the USA, it takes 2 silver quarters (not 1 silver quarter) to buy a gallon of gasoline In California.

and then you have this: https://www.ocregister.com/2024/07/05/californias-gas-tax-just-went-up-so-has-the-bickering-2/

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AD says

Unlike Florida and most of the USA, it takes 2 silver quarters (not 1 silver quarter) to buy a gallon of gasoline In California.

You meant 2 silver dimes, right?

I believe the current silver value in 90% US silver coins is approximately 20 times face value. So two silver dimes would buy one $4 gallon of gas.

Onvacation says

AD says

Unlike Florida and most of the USA, it takes 2 silver quarters (not 1 silver quarter) to buy a gallon of gasoline In California.

You meant 2 silver dimes, right?

I believe the current silver value in 90% US silver coins is approximately 20 times face value. So two silver dimes would buy one $4 gallon of gas.

Its about $5 a gallon in San Fran Bay Area.

Yeah a silver dime is worth about $2.25 and a silver quarter is worth about $6.

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Onvacation says

I believe the current silver value in 90% US silver coins is approximately 20 times face value. So two silver dimes would buy one $4 gallon of gas.

Pretty close at the moment, but the market has moved even a bit higher.

What a silver coin is worth:
First, the current price of a troy ounce of silver. I use this https://www.kitco.com/price/precious-metals . Currently a ozt of silver is $31.16.
Then, for dimes, quarters, and halves: ozt price x coin fraction x 0.72 .
For silver dollars, there is actually more silver! Instead of 0.72, use 0.77 .

A dime is worth $31.16 x 0.1 x 0.72 = $2.24
A quarter is worth $31.16 x 0.25 x 0.72 = $5.61
A half dollar is worth $31.16 x 0.5 x 0.72 = $11.22
A silver dollar is worth $31.16 x 1 x 0.77 = $23.99

SoTex says

That Bosnian guy mentioned it as a hot item in a SHTF cannibal anarchy situation.

I guess silver and gold coins are fungible, just like canned food and drinkable water, if society gets that bad, as in Shit Hits The Fan.

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inflation adjusted price of ounce of silver since February 1915

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