Welcome to the Prepper Forum / Survivalist Forum.
If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You may have to register
before you can post: click the register link above to proceed.
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 ...
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!?
Originally Posted by SAR-1L
And he will be a wild man; his hand will be against every man, and every man's hand against him;... Genesis 16:12
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.
You can get smaller weights of gold my man. 1gram, 5gram ect...
I buy 2grams a month, for now.
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.
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.
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?
Originally Posted by budgetprepp-n
It never has been illegal to barter with PMs. Such laws are foolish because they only fool the foolish.
Originally Posted by mykle200
By ElennaRoma in forum Economic, Precious Metals, Investing, Finance
Last Post: 03-16-2014, 06:13 PM
By Xploregon in forum New Member Introductions
Last Post: 02-22-2014, 08:10 PM
By Gunner's Mate in forum General Talk
Last Post: 01-30-2014, 09:01 PM
By thunderinms in forum New Member Introductions
Last Post: 01-09-2013, 07:17 AM
By ChickenLittle in forum Economic, Precious Metals, Investing, Finance
Last Post: 04-06-2012, 11:14 PM
Tags for this Thread