A currency question

POSTED BY: Guywhowantsafireflyofhisown
UPDATED: Sunday, August 13, 2023 22:18
VIEWED: 4089
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SIGNYM

Thursday, June 29, 2006 2:00 PM

There isn't anything more intrinsically valuable to gold that to any other currency you'd care to name. For the past several decades, the US dollar has been the universal exchange. That's about to change, but it prolly won't change back to gold. Likely it will waffle around either the yuan or the Euro.

But, yes, I like some coins. But I really hate the zinc-copper penny. What a cheat!

We found a 1941 10-pfenig German piece in our household change. Also a 1941 nickel. I realize this doesn't hold a candle to some people's collections- we're just casual collectors- but it's so very exciting to find something like THAT mixed in with your pennies!

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Don't piss in my face and tell me it's raining.

HERO

Thursday, June 29, 2006 3:46 PM

Quote:
Originally posted by Guywhowantsafireflyofhisown:
they back the dollar with debt

More like faith and credit.

H

RUE

Thursday, June 29, 2006 4:29 PM

I love the look of gold - any kind, white, yellow, pink - and platinum. What I've been told is if you are a numismatist you should collect for pleasure and not as an investment.

edited to add: I have large investments in the Euro and am looking into a way to invest in the yuan.

HERO

Thursday, June 29, 2006 8:15 PM

Quote:
Originally posted by rue:
I love the look of gold - any kind, white, yellow, pink - and platinum. What I've been told is if you are a numismatist you should collect for pleasure and not as an investment.

edited to add: I have large investments in the Euro and am looking into a way to invest in the yuan.

Try watching a business show...I yuan lots from that.

H

PIRATEJENNY

Friday, June 30, 2006 9:13 AM

Quote:
Originally posted by ecgordon:
Any paper currency is inferior to precious metal coins. It is only as good as the government that backs it up, and these days the U.S. is highly suspect in that regard.

That is the case, but precious metal coins are worthless except for the value that we put on them, water is more precious then any metal, The U.S is a rich self-sustaining country. or rather being able to self sustain oursleves makes this country rich. The fact that any country's currency is based off of anything that is truly worthless like precious metal or paper should be highly suspect.

Yes paper money is good to barter with but its only representive of real value, and that value isn't some precious metal..that value is your time and energy, the food you can produce and that you eat, the clothes that you can make and wear.etc..etc...it really has nothing to do with any coins..thats a delusion!!

I guess what I'm saying is the U.S could stop backing an printing money tommrow and the country could still function basically as it does right now!!

GUYWHOWANTSAFIREFLYOFHISOWN

Friday, June 30, 2006 11:07 PM

we'd just have to learn to barter goods and services

http://www.albinoblacksheep.com/flash/llama.php
-try it out, I dare you

98% of teens have smoked pot, if you are one of the 2% that haven't, copy this into your signature

I'm so into Firefly, my butt glows in the dark.

RUE

Friday, June 30, 2006 11:13 PM

There's a flaw in the worthless shiny metal theory. But I'll be waiting to make my killing before I tell you.

edited to add: not meant to be mean. I haven't thought my way through the upside/ downside issues.

CITIZEN

Saturday, July 1, 2006 1:19 AM

Quote:
Originally posted by piratejenny:
That is the case, but precious metal coins are worthless except for the value that we put on them, water is more precious then any metal, The U.S is a rich self-sustaining country. or rather being able to self sustain oursleves makes this country rich. The fact that any country's currency is based off of anything that is truly worthless like precious metal or paper should be highly suspect.

Yes paper money is good to barter with but its only representive of real value, and that value isn't some precious metal..that value is your time and energy, the food you can produce and that you eat, the clothes that you can make and wear.etc..etc...it really has nothing to do with any coins..thats a delusion!!

I guess what I'm saying is the U.S could stop backing an printing money tommrow and the country could still function basically as it does right now!!

Actually I think you'll find it couldn't.

A big reason for that is debt, individuals and the Government alike are in debt, you can't be in debt without an abstract quantity, you can't have less than no sheep, but you can have less than no Dollars.

More insane ramblings by the people who brought you beeeer milkshakes!
And as you know, these are open forums, you're able to come and listen to what I have to say.

PIRATEJENNY

Sunday, July 2, 2006 1:35 AM

Quote:
Originally posted by citizen:
Quote:
Originally posted by piratejenny:
That is the case, but precious metal coins are worthless except for the value that we put on them, water is more precious then any metal, The U.S is a rich self-sustaining country. or rather being able to self sustain oursleves makes this country rich. The fact that any country's currency is based off of anything that is truly worthless like precious metal or paper should be highly suspect.

Yes paper money is good to barter with but its only representive of real value, and that value isn't some precious metal..that value is your time and energy, the food you can produce and that you eat, the clothes that you can make and wear.etc..etc...it really has nothing to do with any coins..thats a delusion!!

I guess what I'm saying is the U.S could stop backing an printing money tommrow and the country could still function basically as it does right now!!
Actually I think you'll find it couldn't.

A big reason for that is debt, individuals and the Government alike are in debt, you can't be in debt without an abstract quantity, you can't have less than no sheep, but you can have less than no Dollars.

More insane ramblings by the people who brought you beeeer milkshakes!
And as you know, these are open forums, you're able to come and listen to what I have to say.

Thats true , but isn't that the federal reserves problem, and the federal reserve is a seperate entity from the U.S government.

I see what your saying about the debt, but if its based off a precious metal such as gold, its still based off something that has no real intrinsic value except for the illusional one that we place on it. That gold is still in actuality represntative of real value,..real value is those tangible things such as natural resources, the U.S is a country rich in natural resources.

I'm not saying the country would run as it does now if we erased our debt and stopped printing money, but it easily could.

lets say if we deceided to erase our own debt and get rid of the federal reserve, we could function better then what we are right now..why because we are self sustaining, we can produce enough goods to get anything we lack from some other country,our debt is an illusion..and people need to understand where the real value is...

RUE

Sunday, July 2, 2006 4:03 AM

The US pretends it's rich in resources. But with global warming, croplands and forests are at risk even today. The US might make steel, but without important alloy metals found in S Africa it won't be hi tech. Other important industrial metals (aluminum, titanium), industrial diamonds, oil, and other vital resources have to be internationally purchased.

The US cannot be isolationist (like a survivalist except as a country) and maintain its present technology and culture.

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