For all those interested in silver as a barter currency I have created a cheat-sheet to help assist you.
first is a pdf file based on a spot price of $18.32, which shows the
silver content of U.S. circulated coins and the frn value based on the $18.32
The second is the same, but in Excel format to adjust and recalculate the value based on a new spot price.
barter cheat sheet - pdf
barter cheat-sheet - excel
problem is that silver coins are not denominated conveniently to be
used as money. Clearly we cannot rely on the U.S. Mint to do its job of
minting real currency, so I propose we do with what we have. When
enough demand is generated, then private mints will come to meet the
demand and create denominations that are more convenient (maybe they've
done it already and I just haven't found it), denominations like 1/2
oz, 1/4 oz, and 1/10th oz coins. The other issue is the nomenclature by
which we communicate with each other.
will notice that between the years of 1916 and 1964, one hundredth of
an ounce of silver was approximately equal to 'one cent'. I suggest we
go back to this 'standard', meaning 'one cent' refers to 1/100th of an
oz of silver. This will allow us to use circulated U.S. currency for
small transactions and interchange them with 1oz silver bullion. Rather
than the value of the coin being based on what the U.S. Mint happened
to print on its face, it would be based on the actual silver content.
1942-1945 Nickel has a silver content of .06 oz. We would consider this
to have a value of 6 cents rather than its face value of 5 cents. A
1932-1964 Washington Quarter would be considered having a value of 18
cents and so on...
When selling an item say that is worth $1
(frn), then one could attach a label that reads '6¢'. When people pull
out 6 fiat cents, then that's a good opportunity to say I don't take
that debased stuff. If they still don't get it, then hand them a 'money
masters' or 'debt as money' dvd and say come back and we'll do business
when it makes sense (or however you choose to explain it).
This is just an idea, if others have other ideas or thoughts please comment.
more info at: coinflation.com
How about we "End the Fed" today? Here in Phoenix, Az we are going to make our first attempt, this Saturday. We are going to hold what we call a "Community Market Square" or barter day of sorts where people will be able to come and trade using silver (or whatever) as a currency.