Downsides to precious metals?

[OnWalkAbout]

WhenTF did they sneak that in?

Was that in HB-1240?

I didn't see it in the list...

'Light Grenades' too.

 

[Mono1]

Does the seller of the food or gas hand you back little pieces of gold or silver, or does he just keep the difference? You may find you need to chop up those gold and silver coins, and hope the dealers will take pieces as payment.

That's why you need Silver as well as Gold. Gold is your savings, Silver is your currency, and Junk Silver (AKA Pre-'65 quarters) are for making change.

 

[Mono1]

I know it's a fictional work, but your question is answered within pretty well, and from an author who's pretty well-respected in the scenario you presented...

View attachment 2315045

And @Camelfilter also provided accurate information as well...


In a SHTF scenario as you describe, there won't be any "dealers" (at least as we know them now) around anymore.

Excellent Book, @sobo . Literally a Survival Course disguised as a Novel. A Masterpiece!

 

[leicaman]

Back in the olden days ( for this example, say about 1765) buying with gold or silver coins could often involve cutting a coin in half, quarters, or even eighths. Search for the origin of the term/phrase "two bits".
I once got lucky and found a few of the very coins associated with that term.....for a very good price. It pays to be lucky .

During the height of the CA gold rush, a very large proportion of the population owned a scale. A universally accepted price for an ounce of gold helped. The gubbament set the price and a little math along with a scale worked pretty good. I should say that there were some kinks in that system arising from the (unknown) purity of gold that wasn't officially minted by the US mint or trusted private mints.

 

[kmk1012]

Anyone wanting to offload their PM, I would be interested in buying, or trading.

PM inbound

 

[Bolt_308]

Back in the olden days ( for this example, say about 1765) buying with gold or silver coins could often involve cutting a coin in half, quarters, or even eighths. Search for the origin of the term/phrase "two bits".
I once got lucky and found a few of the very coins associated with that term.....for a very good price. It pays to be lucky .

During the height of the CA gold rush, a very large proportion of the population owned a scale. A universally accepted price for an ounce of gold helped. The gubbament set the price and a little math along with a scale worked pretty good. I should say that there were some kinks in that system arising from the (unknown) purity of gold that wasn't officially minted by the US mint or trusted private mints.

If you are a fan of the Pirates of the Caribbean movies, they often refer to the "Pieces of Eight". As you mention, they would take a coin made of silver and gold, and snip off a corner. Thus the term 'pieces' came to be.

I have in my collection an ACTUAL "Piece of Eight", recovered from an actual shipwreck around the golden age of piracy! "Pieces of Eight" stemmed from the 8Reales coin, which the Spanish minted during those times out of pure silver:

 

[Mono1]

I know it's a fictional work, but your question is answered within pretty well, and from an author who's pretty well-respected in the scenario you presented...

View attachment 2315045

And @Camelfilter also provided accurate information as well...


In a SHTF scenario as you describe, there won't be any "dealers" (at least as we know them now) around anymore.

I actually met James Wesley, Rawles and shook his hand one time, many years ago, at a Gun Show in (of all places) Costa Mesa, California. They actually did have a great show until it was shut down (of course).

 

[leicaman]

California has changed so much so fast. I know a certain person (will not confirm or deny who it is) that actually obtained a CCW with relative ease (proper amount of effort that actually included qualification showing a threshold group at 10 meters). Those days are so far long gone it hurts.
Oh, the CCW was obtained in 1989.

 

[Mark4]

I like precious metals over the dollar, keeps losing its value to inflation

 

[sobo]

California has changed so much so fast. I know a certain person (will not confirm or deny who it is) that actually obtained a CCW with relative ease (proper amount of effort that actually included qualification showing a threshold group at 10 meters). Those days are so far long gone it hurts.
Oh, the CCW was obtained in 1989.

Wrong thread...?

Mebbe this is the one you wanted?