bamacre
Lifer
- Jul 1, 2004
- 21,029
- 2
- 61
Of course. Nothing wrong with barter.
E: Taxes might be an issue, though.
Legally, can I open up a business and only accept gold and silver, or pink-colored toys, as payment?
Of course. Nothing wrong with barter.
E: Taxes might be an issue, though.
Legally, can I open up a business and only accept gold and silver, or pink-colored toys, as payment?
Any business owner or professional who has a product or service to offer can barter.
Give me an alternative investors can use to curb against inflation given that every currency in the world is being wrecked.
Gold is a currency of fear because for the first time in a long time, there is a real reason to be fearful.
You can't go to Walmart and make a purchase in gold. Or Home Depot. Or Stop & Shop. Or Mobil. Or Sears. Ain't a payment option at Newegg. Or Amazon. Or Dell. Paypal doesn't take it. Power company doesn't list it as an option. Same with Comcast. Or my heating oil company.[/url]
(Amazing how all of these "Buy Gold Now!" places are selling gold... for dollars.)
You are completely missing the point.
You will not find one well minded or educated person on this Earth who wouldn't trade for gold.
Have you ever performed a regression analysis on gold and inflation and comparing it to stocks or land versus inflation?
Me thinks not.
Ok, so we figured out gold is not a good investment so what does that leave?
How does gold sitting in safe help you in anyway? In case of what emergency? When it comes to political instability I'll just reiterate what's already been said here.
Guns > twinkies > beef jerky > gold.
I'm not talking when the lights go out in some nuclear WWIII scenario. I'm talking collapse of the US Dollar or even collapse of the economy (depression). Guns I think are a good investment to protect what you have but you cannot "store wealth" in guns.
But if you're worth a million, you cannot store 10 percent of your net worth in guns. What are you going to have, a 1,000 guns?
Grow some sense.
Legally, can I open up a business and only accept gold and silver, or pink-colored toys, as payment?
I'm not talking when the lights go out in some nuclear WWIII scenario. I'm talking collapse of the US Dollar or even collapse of the economy (depression). Guns I think are a good investment to protect what you have but you cannot "store wealth" in guns.
But if you're worth a million, you cannot store 10 percent of your net worth in guns. What are you going to have, a 1,000 guns?
Grow some sense.
No. The feddie funny money police will jail you. You are robbing them of thier scam.
Ok, so we figured out gold is not a good investment so what does that leave?
How does gold sitting in safe help you in anyway? In case of what emergency? When it comes to political instability I'll just reiterate what's already been said here.
Guns > twinkies > beef jerky > gold.
EDIT: replace Guns with "Guns and lots of ammo"
Need cash flow. Fuck gold silver stock or anything else that does not give cash flow.
ATM cash can be converted to whatever you want.
I do about $2200 a day in my store after labor and cogs that's about $600. I can buy 1 oz every 2 day off sales...get it?
What good is that gold if the economy collapses? The next depression if it happens won't be pretty and I'm guessing there is a good chance things would get chaotic, violent with riots and small wars breaking out. Let's say it gets so bad and the currency is worthless and we turn into a barter society. The people that thrive are those who have guns and food and the knowledge to grow their own food and build housing. Gold won't mean crap in that situation. Let's say I'm really good at skinning animals but lousy at growing crops. You'd be the last person on this earth I would barter my furs with. I don't need your gold, you can stare at it all day in your 200lb safe for all I care. Now if you had some porn in that safe I might trade my furs for that..
You're missing the point, again. Gold is not comparable and it is not an investment, it's a storage for wealth. I do not and have never advocated gold as an investment, especially for the long term.
Land can be taxed and confiscated easily. Stocks can be taxed and confiscated easily. Gold in a 200lb safe in a secret room below my house cannot.
Gold is protection against politicians. It's protection against the government. It's protection against a piece of paper some people call "money." It's protection against corruption.
I think gold best utilized for anyone with a significant amount of wealth, they can store 5-10 percent of their wealth in physical gold and hide it where it cannot be found or taxed in case of emergency.
This is the problem I have with gold nuts (and you in particular since you're supposedly the elephant bumper). These doomsday scenarios are utterly ridiculous and without merit.
Say, for example, there is a dollar collapse. So what? Does that mean that the currency fails no matter what? Does that mean the economy fails and we resort to nothing but gold or that type of trade? Gold gets you nothing as another currency can take hold pretty easily and quickly. It would take an utter economic and social collapse for gold to be worth anything more than a shiny metal.
And as far as not being confiscatable or taxable, it can be confiscated and taxed just as easily as land or stocks. It is tracked somehow and can (and has) been confiscated in the past.
I'm going to laugh when gold goes crashing down again.
I've made the point in the past that I view stocks' value as not based directly on anything the company does, but rather on the the investors' behavior for that company.
A company can come out with great new products and have their stock go down if investors want to pay less for it, and vice versa.
I view gold similarly - as a product whose value is based on its investors' behavior.
There's one type of 'central' gold investor for some reasons, like governments, that are always owners. But the huge fluctuations seem to me the 'crazy buyers'.
When they are fewer and/or less wealth, gold is down. When they are more and wealthier and hyped on gold - whipped into a frenzy - it goes up.
I have underestimated the gold demand, by overestimating its buyers' rationalty not to get sucked into the bubble - and I've missed out on huge returns as a result.
I'd think even you have to admit, as much a debunker of the gold bubble as you are, that the bubble has been pretty remarkable - and you could have made a lot (for bad reasons).
But the gold bugs debate its 'value in a fantasized disaster', while I think the value is more 'how long will the gold nuts keep burning their money to fuel this fire'.
It's hard to see how it can go on much more.
But I was wrong before.
Legally, can I open up a business and only accept gold and silver, or pink-colored toys, as payment?
It's funny when those talk about post-apocalypse and how gold would be less valuable than that last bag of Fritos.
That may be true short term...however; most of the world's economies have shown gold their superstar.
Once things get back to normal it's going to be those with the shiny trinkets that end up recontrolling the world.
Your post-apocalyptic anarchy is not in the cards for America. A downfall so thorough that people are reduced to bartering with each other and living in communes? Nobody saves to enhance future consumption, everyone produces only so much as they consume? We have some stubbornly crazy people on this board, no wonder I left for months on end.
i don't know what you were trying to explain, but gold is worth something NOW.
