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gold and silver  RSS feed

 
John Polk
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Location: Currently in Lake Stevens, WA. Home in Spokane
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the storage mechanism can't be coins


The storage mechanism could be coins.
Unfortunately, coins have been out of circulation for many years.

Coins have an intrinsic value (as in gold or silver).
Tokens represent a value, but have no actual value.

If the world's governments began issuing coins instead of tokens, we could once again carry some value around in our pockets, instead of just 'promissory notes', which are basically IOU's from the government.

 
paul wheaton
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Location: missoula, montana (zone 4)
bee chicken hugelkultur trees wofati woodworking
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I split John's post from another thread.

I would like to dodge discussion about politics, but instead focus on investment.

I have not listened to many of Jack's shows, but I do remember one where apparently silver is wiser than gold. And, it seemed to me that junk silver may be the best.
 
Dan Hill
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Location: Yorkshire, UK
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That's funny, I just logged on having thought about this and was about to say that this discussion was not directly to the point of 'should permaculture profit'. Anyway, since we're here I don't disagree that silver / gold are sounder mechanisms in as much are a claim to a single piece of pie rather than a claim which others also hold ad infinitum as in credit / debit. Nonetheless my point was (as Graeber spells out so well in 'Debt') that credit between individuals in relationships is the ideal and oldest model (you say "nice shoes", I say "take them" in the knowledge that if I need something of equivalent value later which you have I can simply go over to your house and say "nice [blank]").

I will leave it at that as I don't want to incur the wrath of Pau by getting bogged down in the 'is gold money' debate.
 
He was giving me directions and I was powerless to resist. I cannot resist this tiny ad:
Ernie and Erica Wisner's Rocket Mass Heater Everything Combo
https://permies.com/t/40993/digital-market/digital-market/Ernie-Erica-Wisner-Rocket-Mass
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