It looks like that provision isn't likely to make it into law, at least not this time around. Longer-term, I still think cash is doomed.
i was able to buy some Constitutional silver coins on ebay for about the current spot price or slightly higher according to the amount of silver. 52x dimes, 50x silver nickels, 84x quarters for $500 with shipping vs buying 15x 2021 Eagles on JM, though 2007 would get me 13x, or 10x 1995, or 5x 1996! Talk about a premium! I'll hold them for a while as who knows what the hell is going to happen in the next few years with all the talk of gloom & doom. If we lose the abiity to go online or use credit cards, cash, especially older silver coins will be king...
If we lose the Internet and all the services it carries, it's not going to be King Silver, it's going to be Lord of the Flies.
Indeed...you are so right...boyhood idols of yesteryear are getting mixed in all the memories. Thanks.
The banks have been reporting large cash (i.e. 4 figure) withdrawals for years, and calling questioning the source of my cash deposits which is generally from my estate (i.e. liquidation of assets as bonds, 401K, etc.). This is just an excuse to hire relatively uneducated individuals in a job as a Walmart "door checker" who rides around the store in a handi-capped vehicle, just sits at the door with his computer, or goes out with a warrant and deputy to search your property for assets violations. I've had my deposits stolen from my account on multiple occasions, like a loaf of bread, a small slice at a time. I'm in court now with 3 different aliens who stole my identity. They probably will receive a token sentence, as others in the past, from which I receive an occasional small 2 figure court payment. The best defense is the acquisition of precious commodities, which is generally illegal in my state, needing to be kept out of state. There generally isn't any assets protection from criminals, as they make laws and release/import lawless individuals. I get constant demands on the internet to send crypto-currency or else something will happen. Get in line Guys. LOL Enjoy the freedoms you currently have! JMHO
Dang, that's quite a bit to swallow dealing with 3 thieves ,Cash is not KING, I ordered about 30.00 dollars worth of items at a ball game gave them a 20.00 and a 10.00 dollar bill. The total was 26.00. " We don't accept cash just a Debit or Credit cards. I don't have one on me.. He said they had no cash so he got to keep all 30.00 no change... Pissed me the HECK off. I know they were just College Kids but I still expressed my displeasure.. about putting a sign up NO CASH TRANSACTION....DEBIT ONLY... (would help) there were only three places in stadium that took cash.. My first episode with this cashless society. Its really hard for me to believe someone don't take cash, It use to be CASH over debit cards..
From your explanation it sure sounds like they accept cash. As long as it is exact cash, or you pay a premium for the 'privilege' of using cash.
Next time tell them to read the statement on the note, "This note is LEGAL TENDER FOR ALL DEBTS, public and private". Doesn't that mean they HAVE TO TAKE IT??? If they still say no, raise a stink about it and tell the team whose ballgame you went to that you will never ever go again. Make it viral. This nonsense has to stop.
That must be why a Chinese made Iphone cost $1200.If you include the gold, raw materials must cost upwards of $10.
Maybe you could also guess what the shipped cost of that phone might be, if a foreign company has so little cost in producing. Who is profiting most?
If the Phone is at spot 10.00.. the premiums put on must be the Americans profit. The R&D is not an intangible asset
I held silver rounds for a couple decades when it was around $4.25/oz...couldn't wait to unload it for $5.00 in or around 2000...bought gold $20 for $500/ea and the market started to go higher within a couple years...I,m on the third uptick for silver and gold now and have no plans for selling as the markets are all flat from the pandemic. Not even a crystal ball matters now so I'll just sit tight and wait for a bit.
I thought you might find it interesting to learn the costs required to deliver an Iphone, where the basic cost of components is ~25% of delivered cost. The delivered cost is a function of many expensive variables, which are more controlled by others than the manufacturer. The production site has a complicated task of supplying a functioning facility with skilled employees, which seems to currently generally elude us. Lobbying, funding, R&D, manufacturing-regulation, programming, sales, scheduling and delivery generally require less skilled, allow greater net profits. JMHO