In these troubled times with inflation and stupid things that are currently occurring, one is tempted to hedge against fiat money by buying gold and silver.
A word of caution from lessons learned by metal detecting North Texas. Due to the lack of hard currency after "The War of Northern Aggression", Tokens were used.
We have watched the old cowboy movies were someone walks into the saloon and orders a "shot of red-eye". They pitch a Cart Wheel (silver dollar) and the bar-keep
lays change on the bar. It did not happen that way! Change was made with tokens. Like "Good for a shave" or a drink etc. Paper money was issued and backed by banks.
The further one was away from the issuing bank, the lower the value of worthless Shin Plasters (paper money) providing the bank was still in existence.
So how does one protect oneself? Does the purchase of gold or silver bars make sense? How about silver or gold coins? The weight of $1000 in dimes weighs about
62ish pounds! How about $100 in $5 US gold coins with a weight of only 3.5 pounds (200 coins). Maybe the purchase of gold bullion bars, providing the center is not made of
Tungsten, would fit the bill. The purity of bullion is unknown by the purchaser but, face value of a coin is evident. Usually counterfeit coins are self evident, but, state sponsored
counterfeit coins are in existence especially with the OMEGA series of gold coins. The Omega Man Counterfeiter
Hopefully this will aid one in planning the future of the coming world economic collapse on the horizon as evidenced by actions of world governments!
Gary......
A word of caution from lessons learned by metal detecting North Texas. Due to the lack of hard currency after "The War of Northern Aggression", Tokens were used.
We have watched the old cowboy movies were someone walks into the saloon and orders a "shot of red-eye". They pitch a Cart Wheel (silver dollar) and the bar-keep
lays change on the bar. It did not happen that way! Change was made with tokens. Like "Good for a shave" or a drink etc. Paper money was issued and backed by banks.
The further one was away from the issuing bank, the lower the value of worthless Shin Plasters (paper money) providing the bank was still in existence.
So how does one protect oneself? Does the purchase of gold or silver bars make sense? How about silver or gold coins? The weight of $1000 in dimes weighs about
62ish pounds! How about $100 in $5 US gold coins with a weight of only 3.5 pounds (200 coins). Maybe the purchase of gold bullion bars, providing the center is not made of
Tungsten, would fit the bill. The purity of bullion is unknown by the purchaser but, face value of a coin is evident. Usually counterfeit coins are self evident, but, state sponsored
counterfeit coins are in existence especially with the OMEGA series of gold coins. The Omega Man Counterfeiter
Hopefully this will aid one in planning the future of the coming world economic collapse on the horizon as evidenced by actions of world governments!
Gary......
