Delos
Member
Didn't the gomment take gold away in 1933? I wouldn't rule anything out.
Everyone knows the value of guns and cartridges. In times of social upheaval guns and food have trade value. Not much else does. The difference between being a slave or a free man can depend on barter systems. The day might come when a 50 round box of .22 rimfire bullets can trade for enough grain to feed your family for a month. Or, in rural settings, keep coyotes away from your chickens - and rabbits & squirrels (on your table) away from your garden for a few months.
The days when you can take gold down to your local assay office, or trade it for a drink of whiskey, or tools at the hardware store is gone. Merchants do not have the tools to deal with it nowadays.
They kept the price of Gold at 35 dollars an ounce until 1971, during which time you could only sell your gold to the government. However, I heard in the 1960’s, you could get 200 dollars an ounce illegally in San Francisco’s China Town or in Mexico. Rumor is that Russia and China has tremendous amounts of land with very large amounts of gold. Rumor is they dump gold when the price is high. If you knew when they were going to dump you would probably know when to get out?
(Value of money depends on gross national product?)
News Release: Gross Domestic Product
We switched from gold dollars to energy dollars. Oil becomes diesel and gasoline and can run farm tractors to grow food, and factories to make farm tractors and anything else. Fuel can boil water for steam to run the turbines that turn the generators at our local electric power houses.
The price of energy dollars depends on world conditions and can be manipulated by oil cartels. We have massive amounts of coal in this country so coal and guns must be outlawed by those who would be king. (In my opinion)