Hi /biz/, ignorant tourist here. What do you do to actually use PM's to buy things? Can I walk into a bank and exchange gold for currency? What if they refuse? How do I buy groceries with PM's?
>>61553261Well, if you look at an american gold eagle, it has a dollar amount written on the back.>50 dollars! Wtf I paid almost 100 times that for the thing!Weird, cause I traded you my 2003 honda civic for that gold coin. But for tax purposes you only paid me $50. But dont do that, pay your full taxes.But lets say they messed up and accidentally minted a quarter, but used gold instead of nickel. Legally its just 25 cents but people would pay much more than 1000 dollars for it.Kinda the same idea.Or you could just sell it for FRNs and buy whatever you want. No biggie.
No the idea is that you can walk into any coin store or pawn shop and receive spot price for it. The only people talking about trading it for goods or services are children thinking about zombie apocalypse scenarios.
>>61553261Yeah I pay with swastika coins at local stores
>>61553314OP here. In a SHTF scenario I would not be accepting your shiny baubles for trade. I would need something with tangible value, like ammunition. I guess thats my point: people treat PM's like they're some kind of infallible method of trade when in reality they still have no intrinsic useful value.
>>61553261Nearly every merchant at my local farmer's market accepts silver and goldbacks.
>>61553587>in reality they still have no intrinsic useful value>he says typing on a computerLMAOOO
>>61553652If SHTF computers aren't going to be manufactured anymore.
>>61553658ok, get ready for those zombies bro, that's what's really useful
>>61553662Do you really think that in a depression Samsung is going to buy your gold and silver from you at a premium?
>>61553670nono, they'll just sit there and do nothing with all their manufacturing ofc
>>61553587Brother please read a single economics book
>>61553587The problem is everybody is always assuming after SHTF that everything will stay bad, but the truth is that would only be the first few years, eventually civilisation would start to reform at which point PMs will have value as they have done for thousands of years
>>61553587>Waterworld postersWhat are you going to do when you need ammunition but no one wants your sack of potatoes or your 12 pack of toilet paper? There's a reason people gravitate towards an agreed-upon intermediary currency for trade/exchange and that bartering is nearly non-existent on a larger scale. It's the easiest way to translate an item into value, so you can then translate that value back into your desired item.
>>61553898It's more funner to shitpost with you gentlemen.
