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RE: πŸŽ†πŸŽ‡ Woot, First Silver of The Year πŸŽ‡πŸŽ†

in LeoFinance β€’ 5 months ago

I quite like the Peace dollar. I'd like a return to both sound money and less interventionism abroad. With silver dollars around $25 fiat, just imagine how life could be if demand for silver spiked to reflect use as a monetary medium. "Another day, another dollar" could very easily be the equivalent of $100 in fiat now. A silver quarter for a shave and a haircut would be on par with $25 fiat now, which is not too far off from current market prices last I checked.

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I'd like a return to both sound money

Me too, sadly I don't think it's happening, except in a scenario that involves a small/large scale collapse, which is something hopefully we will avoid. A 2-3x on silver would be nice though πŸ˜‚

Β 5 months agoΒ (edited)Β 

Government won't do it for us, but we can strive to barter in silver without their permission anyway whenever the opportunity arise.

The fiscal status quo is bad, but a collapse of the current system would be worse, at least in the short run, and most people are not prepared to handle the economic initiative building a better system on crypto and precious metals would require.

Most people wouldn't last a day without star bucks πŸ˜‚