The U.S. Dollar, 1794-2010. R.I.P.
CaptHenway
Posts: 32,123 ✭✭✭✭✭
So, once the dollar is gone, what do we buy and sell our precious metals in???
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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Use silver to buy gold.
Repeat as needed.
My Adolph A. Weinman signature
I knew it would happen.
<< <i>So, once the dollar is gone, what do we buy and sell our precious metals in??? >>
You may have to get the mark first, because we'll probably have a one world purchasing system when that happens.
according to the SHTF enthusiasts
<< <i><<<crickets chirping>>> >>
Ditto.
Lots of trading?
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Linkaroo
becoming the reserve currency. Failing this we'll just have to issue
new money if and when they all become worthless. At some point
people lose track of all the zeros on a note even before the printer
runs out of paper to put them on.
Inflation doesn't have to be all that severe but it will probably start
very rapidly, at a very high rate, and fairly soon.
now, the value of the dollar in terms of other units of asset measure... that continues to change.
to answer your question.. we'll buy and sell our metals for.. wait for it...
more dollars
Liberty: Parent of Science & Industry
It may be one of their long term goals anyway.
They're about to take a bath on silver probably so it will be interesting to see how this is handled
if they really want to have the reserve currency. There's been talk of an oil-based reserve currency
for years and this will probably resurface as well.
It's not impossible that one of the smaller economies like Canada could usurp this role. If not directly
then as a sort of defacto reserve.
<< <i>
It's not impossible that one of the smaller economies like Canada could usurp this role. If not directly
then as a sort of defacto reserve. >>
Ouch! The sign at the cash register would say no US quarters, please.
<< <i>the Dollar will never be "gone"... premature screeching about it's "demise" notwithstanding.
now, the value of the dollar in terms of other units of asset measure... that continues to change.
to answer your question.. we'll buy and sell our metals for.. wait for it...
more dollars >>
Yes. The dollar should have years of life left in it.
It will become much less popular in a long list of countries though.
<< <i>the Dollar will never be "gone"... premature screeching about it's "demise" notwithstanding.
now, the value of the dollar in terms of other units of asset measure... that continues to change.
to answer your question.. we'll buy and sell our metals for.. wait for it...
more dollars >>
<< <i>
<< <i>the Dollar will never be "gone"... premature screeching about it's "demise" notwithstanding.
now, the value of the dollar in terms of other units of asset measure... that continues to change.
to answer your question.. we'll buy and sell our metals for.. wait for it...
more dollars >>
Exactly!!
Just like the English Pound lost its World Currency status (or should I say World dominance) after WW1.
It's still around.
Just another ho-hum currency, that's all.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i> Just like the English Pound lost its World Currency status (or should I say World dominance) after WW1.
It's still around.
Just another ho-hum currency, that's all. >>
Amen.
<< <i>So, once the dollar is gone, what do we buy and sell our precious metals in??? >>
Chinese YN.
<< <i>So, once the dollar is gone, what do we buy and sell our precious metals in??? >>
We will be using the "New Dollar".
1 New Dollar = 1,000,000,000 old Dollars
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Mickey D Hamburger. It is accepted all over the world
even though it is rarely digested properly.
Camelot