Gold or Guns?

Somebody was telling me about a video they watched on how cash is being eliminated. The basic premise was a man pays for something with a $50 bill. That bill transfers through a handful of other transactions and comes back to the original guy, still $50. Then the same series of transactions takes place with everyone using a credit card. The credit card company takes their 4% or whatever from every transaction and by the time it gets back to the original guy that $50 is now like $25.
 
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thomas1 said:
Somebody was telling me about a video they watched on how cash is being eliminated. The basic premise was a man pays for something with a $50 bill. That bill transfers through a handful of other transactions and comes back to the original guy, still $50. Then the same series of transactions takes place with everyone using a credit card. The credit card company takes their 4% or whatever from every transaction and by the time it gets back to the original guy that $50 is now like $25.
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I find it a lil harder too use cash these days??? Covid?? Ease of use?? Also cashless means all your buying/spending can be tracked.
 
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BIGBADBOB said:
I find it a lil harder too use cash these days??? Covid?? Ease of use?? Also cashless means all your buying/spending can be tracked.
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I pay cash as often as possible. I try to, and do, keep a wad of cash hoarded in the house and try to drill it into the other family members to have cash on hand but they just can't stand to have it and not spend it, our girl who lives with us, I think if I gave her a thousand bucks a day she would spend it all on nothing just because. So I've given up. I used to give her a few bucks now and then just in case but I quit that a while ago. I saw a sign on a store somewhere, I forget where, said they didn't accept cash any more. Which I thought was illegal, but I just went right by and didn't ask
 
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thomas1 said:
Somebody was telling me about a video they watched on how cash is being eliminated. The basic premise was a man pays for something with a $50 bill. That bill transfers through a handful of other transactions and comes back to the original guy, still $50. Then the same series of transactions takes place with everyone using a credit card. The credit card company takes their 4% or whatever from every transaction and by the time it gets back to the original guy that $50 is now like $25.
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Yes, I saw that. And it makes sense if you think about it
 
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I have gold, gold has been a valuable asset since SS was a baby
They say that modern day gold probably has traces of gold in it that the Aztecs used.
Gold has been sot after and used in every civilization since foreva...
Most of mine is in placer form, which tends to have impurities in it. So don't pay the gold price for it unless you love the look of it or they can show you the assay results on it.
The last gold i got a traded a T1 gun storage unit for it.
All my crowns are gold, as it was the same price as the porcelain ones. So at least i can get some of my money back once they have to get pulled.
 
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thomas1 said:
Somebody was telling me about a video they watched on how cash is being eliminated. The basic premise was a man pays for something with a $50 bill. That bill transfers through a handful of other transactions and comes back to the original guy, still $50. Then the same series of transactions takes place with everyone using a credit card. The credit card company takes their 4% or whatever from every transaction and by the time it gets back to the original guy that $50 is now like $25.
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Makes sense, have never figured why people use credit cards for daily purchases or at all. But say you put $20k in a safe back in 1995 and yesterday you decided to take it out and spend it. Compare what that money would have bought in 95 to now. Kinda lost value setting in that safe.
 
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So il logger said:
Makes sense, have never figured why people use credit cards for daily purchases or at all. But say you put $20k in a safe back in 1995 and yesterday you decided to take it out and spend it. Compare what that money would have bought in 95 to now. Kinda lost value setting in that safe.
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I use a credit card to buy everything as i collect points.
If you pay it off at the end of the credit cycle, you get free use of their money plus buyer protection on the stuffs you buy.
When i was married she tool care of paying the bills, and dishing out my allowance. So anything i paid cash for came out of MY money. The bills were paid with our money.
 
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thomas1 said:
Somebody was telling me about a video they watched on how cash is being eliminated. The basic premise was a man pays for something with a $50 bill. That bill transfers through a handful of other transactions and comes back to the original guy, still $50. Then the same series of transactions takes place with everyone using a credit card. The credit card company takes their 4% or whatever from every transaction and by the time it gets back to the original guy that $50 is now like $25.
Click to expand...

Some places have been like that for a while. I took a work-related trip to San Diego last summer. Our hotel was on the bayfront where the maritime museum and aviation history tours are set up. None of the vendors there would accept cash. Debit or credit card only and
you're paying fees plus state and local taxes. Every place also wanted some kind of gratuity. What would be a $2.50 cup of coffee in Oregon costs about $7.75 in south San Diego. San Diego city government states that the policies are to cut down on crime.
 
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DSS said:
I have cash because it's always going to be spendable. If the interwebz or the electric grid goes down having 50 credit cards don't matter. But Kumar still knows 20 bucks is 20 bucks
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I always have a wad of cash with me just in case...
for the above reasons.
We were in Edmonton for xmas one year and i wanted some Baylies for coffee in the morning.
Went into a liqueur store and grabbed a bottle, walked up to Kumar and handed him a hundo.
He looked at it and said "Knot today buddy" so i left the bottle in front of him and moved on
 
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Yukon Stihl said:
I always have a wad of cash with me just in case...
for the above reasons.
We were in Edmonton for xmas one year and i wanted some Baylies for coffee in the morning.
Went into a liqueur store and grabbed a bottle, walked up to Kumar and handed him a hundo.
He looked at it and said "Knot today buddy" so i left the bottle in front of him and moved on
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Wtf, he never seen a brown one before?
 
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