It's a moot point. The USA doesn't have the capital to couple to anything. There isn't enough PM. They need inflation (brrrrrr). The people would riot.
Connor Bell
>I wasn't there when this happened Fucking damn it.
Jeremiah Moore
I thought JP Morgan had 120 million ounces of silver, couldn’t the government just confiscate that and back the dollar with it
Cameron Sanchez
Hello precious metal tards let's make some money. Buy SLV buy GLD buy silver and gold miners. Dont be an idiot and pay premiums on coins, enriching others . Buy something liquid you can easily sell . Enrich yourself. Enjoy the bull market. Remember to sell . This isn't the end of the world and if it is your 100 ounces wont save you.
>There isn't enough PM stop parroting lies. seriously. stfu with this crap.
take all the USD in circulation, divide it by all the Gold or Silver the US possesses above ground. bam, there's your USD: Gold value ratio and there's your PM backed USD. Done deal.
Samuel Wood
That'd ensure a $14,166:1oz standard. And what do they win with that? No more inflation to decrease the debt load. We're in a debt based MMT economy because we aren't on a PM standard. There is no going back for the USD.
Ian Sanders
And slowly, slowly, governments too began to forget the rules of money magic. Governments are made out of people, and those people also started to believe that paper is money, and that they could make as much as they wanted. Some governments printed more and more money to buy all the things they wanted. But when people saw governments printing money, they started to take away their confidence power. Some governments printed so much money, that the people took all of their confidence back. Hyperinflation. The confidence was gone, and no one wanted the paper money anymore. People would not trade the paper for food or clothes. People put their confidence back into things that they held and could control - things like food, and metal.
These governments didn't like this. They wanted to have the money back and control the money, because it was hard for governments to tax and trade food and metal, and it was easy for them to tax and trade paper. First, some governments tried to scare people into giving back the confidence. They tried to scare them with guns and with laws. The people were scared, but they did not give back the confidence. The governments learned that confidence cannot be forced or stolen, it must be given freely. So the governments started to make promises; they promised that the paper money would be controlled again - that it would be backed by metal, or that it would be backed by different paper that hadn't been hyperinflated. These promises worked, because the people had confidence in things like metal, and slowly the people began to give the confidence back to the governments paper.
But the years and the decades went on, and the people again began to forget that paper is not money, and the confidence power grew. The governments knew now that if they printed too much money it would lose its magic, so they began to be sneaky and only print little bits.
Oliver Hill
Can't divide by zero, faggot.
Camden Rogers
>The USD economy will continue forever its the only way it will ever be and will never stop being this way
unitl
it
changes
Christian Jackson
That’s a good idea if you plan to buy physical with the profits.
Jonathan Watson
so /pmg/ what coin do you lust the most after? what coin do you seek that would make you feel complete? (can be one you finally have)
why would i try to divide anything by the number of brain cells you have ?
Anthony Rodriguez
Easy way to profit is buy SLV and sell when the premium on junk silver goes close to zero
Colton Rivera
I'm all in on PM, but assuming the USD will dissolve and a PM backed currency will rise from it is retarded.
Liam James
/PMG/ story time ill start
>be me >be looking through scrap nuts and bolts >find one big copper washer, >find 4 smaller copper washer. >tfw i am going to make it
another story
>be me >have coin collection from when i was younger >almost forgot about it >find some dollar coins from the early 70s >look up,google says they are 40% >have 3 of them >happy.png >a week later.looking on coinflation,says mine are just clad >saddness.gif >mfw
You guys are buying into the totally ball-less the idea of government mandated money. The true solution is the government just collecting taxes in ounces of gold or ounces of silver (only one, fixed exchange rates don't work). The dollar has to fail totally and the idea of government mandated exchange media needs to be left to the past. Legally mandated 100% banking and exchanging private bank notes is the future.
Hudson Robinson
The governments started to print little bits every day and every month and every year, and they hid it and spread it around so that people wouldn't notice them printing. And when people did notice, the governments told them not to worry and that it was normal and everything was ok. And the confidence power was high, and the printing was small, so the people believed the governments.
And the years and decades went on, and the governments printed and printed, and people started to notice. They saw that money they had last year wasn't the same as money they had this year, and that they couldn't buy as much food or clothing with it. But the governments and banks were crafty, and they promised the people that everything was OK, and that if the people had confidence that they money would be OK.
And the years and the decades went on, and the people and the governments believed in the paper money, and the people and the governments forgot the rules of the money magic and forgot that metal is money. And people began to believe that governments could print all the money they wanted, and governments began to believe that they could print all the money they wanted. And governments began to print more. And they printed, and printed, and printed. And, once again, little by little, the confidence power began to go away.
We are here now.
Chase Phillips
Why would they do that. They are looting trillions of $$$ in the current system
Blake Moore
It would have to be more than that bud
Landon Mitchell
Newfags, newfags everywhere. Welcome to the club
Angel Flores
Easy come, easy go, Chasing highs, Chasing lows Yet paper's only mental, Doesn't really matter to me
Colton Green
well, dealer cancelled another 100oz order on in stock items because the price went up. Pretty bummed about this because thats almost 200 oz they have cancelled on me, and I could have bought else where, but now im fucked and no where has decent prices
they will just cancel orders if the price goes up the next day.
Adam Stewart
Blame yourself faggot
Jace King
I'm not assuming it will, nor do i expect it. that would be too responsible, too reasonable and too difficult for corrupt banks/politicians/bureaucrats to corrupt our money supply
just saying, it is very possible and very practical, completely reasonable. and the argument that "there isn't enough PMs" is pure crap longnose talk
I expect that we are being primed for a new all digital fiat currency, with so many insipid secret plans connected to it that if we even knew of them, we would be marching on DC right now.
the FED/USTreasury/IRS will eventually have the power to make direct deposit/withdrawal transactions from your personal bank account. your taxes will be directly taken this way. you transactions will be monitored, controlled and/or restricted in this way. your ChiComm tier social credit score will be connected to this as part of the control system filtering what you are allowed to buy and where and when
.you will be heavily taxed for "saving money" and not spending everything. the things we are forced top pay for, like vehicle licensing, health insurances, will be directly charge against our bank accounts by the IRS or whoever
many new taxes will just appear at a whim of some bureaucrat at the FED
UBI will be direct deposited into niggers welfare bank accounts after it is stolen form the rest of us. UBI = welfare. the digital USD will help them make that happen
Trump is slowing this all down for now, when the dems get back in and start feeling saucy again, this will be rammed down our throats piece by piece
Sebastian Anderson
Why did you use them more than once if they cancelled on you the first time? Seems like what they're doing should be illegal
Connor Edwards
It's a hypothetical. Won't happen, just like the US recoupling their currency to anything.
Julian Clark
I thought it was you, stop being such a huge faggot, go bother the other retards in /smg/
Zachary Scott
Made two orders within 40 min of each other
Xavier Torres
I remember when pm's tanked in 2013, everyone was rushing to buy silver. My local coin shop (which also happens to be major east coast dealer) was sold out of silver eagles and maple leafs. I remember a customer came in and offered to pay several hundred more than they asked for for a monster box. They said they'd be glad, but they really didn't have the silver, and the mint was sold out and they couldn't get any from them either and probably wouldn't for weeks. So like covid it was a supply chain problem. In your case I'd suspect something similar. Don't always assume it's bad faith.
Michael Williams
Pretty much, a lot has already happened. My stim bucks came into my account without sharing any info or authorization. Going back to a PM backed currency would wake too many people up.
