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Anyone moved to Gold and left the dollar

This is a discussion on Anyone moved to Gold and left the dollar within the Economic, Precious Metals, Investing, Finance forums, part of the General Discussion category; Originally Posted by SAR-1L Wouldn't that mean we are not allowed to barter or trade then? We would have to at least exchange one dollar ...

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Thread: Anyone moved to Gold and left the dollar

  1. #21
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    Quote Originally Posted by SAR-1L View Post
    Wouldn't that mean we are not allowed to barter or trade then? We would have to at least exchange one dollar to make it legal. That seems silly.
    You are allowed to barter but, the IRS wants to know about it and says that you have to assign a value to it, count it as income and of course pay taxes on your alternate source of income. Kinda makes ya feel all warm and fuzzy don't it!?
    And he will be a wild man; his hand will be against every man, and every man's hand against him;... Genesis 16:12

  2. #22
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    Gold has historically been an excellent hedge against inflation, because its price tends to rise when the cost of living increases. Since World War II, the five years in which U.S. inflation was at its highest were 1946, 1974, 1975, 1979 and 1980 (as of 2012). During those five years, the average real return on the Dow Jones Industrial Average was -12.33%, compared to 130.4% for gold.

  3. #23
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    You can get smaller weights of gold my man. 1gram, 5gram ect...
    I buy 2grams a month, for now.

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  5. #24
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    Gold is a foolish buy if you are prepping.

    It has been a poor investment since mid-2010.

    Gold is a bad paper investment and the in and out cost too high to hold the hard stuff.

  6. #25
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    Absolutely I know recently some states have made it legal to use gold and silver for all goods and services. Here in Utah I am sure of it, also gun shows you can barter or dicker with anyone using just about anything. I have used and seen people trade collectable coins and paper money for items.

  7. #26
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    I buy my eggs with silver from the farmer down the road. And I'm sure I could buy all kinds of food from him with silver also

  8. #27
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    Quote Originally Posted by budgetprepp-n View Post
    I buy my eggs with silver from the farmer down the road. And I'm sure I could buy all kinds of food from him with silver also
    How much silver do you give him for a dozen eggs?

  9. #28
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    Quote Originally Posted by mykle200 View Post
    Absolutely I know recently some states have made it legal to use gold and silver for all goods and services. Here in Utah I am sure of it, also gun shows you can barter or dicker with anyone using just about anything. I have used and seen people trade collectable coins and paper money for items.
    It never has been illegal to barter with PMs. Such laws are foolish because they only fool the foolish.

 

 
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