Intrinsic Value: Which do you prefer- Fiat or Precious Metals?
I withdrew five hundred bucks from the ATM.
As I was counting the twenties in my car, I reminded myself that the real value of these pieces of paper currency is only $2.875!
The information below is from the website of the Federal Reserve System.
11.5 cents to produce each $20 bill multiplied by 25 bills is equal to $2.875.
My question to you is
Which do you prefer holding in the bag: $500 in paper currency, or $500 in silver and gold?
Thank you for viewing this article. I post every day, and I hope to see you again soon! @silversaver888
@silversaver888 is a proud member of #steemsilvergold
Mene 24K jewelry is a great way to build a gold and platinum stack.
Earn $5 in Mene credit for signing up for Mene with this invite link: https://Mene.com/invite/cK5BKh
😊Make it a lovely day!!!😊
You know my choice Sis.
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LOL WHO is making all these cartoons?!?!
A smartphone app called Mojipop. @ackza
Yes, don't we!!! And this is as punk as I will go sis @kerrislravenhill, LOL!
Metal goes with Punk, if I could get a bunch of silver spikes.
Easy... I rather hold $500 in gold and silver 😜 lol... Mostly silver 😍
Lots of money and my eyes are all 🤑 now 😂😂 Hahahaha
Hahaha, 🤑 🤑 🤑... much love to you, my stacking sister 😍!
neoxian silver, 1 for you and it is better than real silver which goes down in valeu and is pretty to collect but noit an investment its a waste of money if you need it
if ur rich its gerat\
if u are poro and nee dto scrape buy silver is aTERRIBE idea its such bad advice , crypto is nmuch better liquid and usable
no wholefoods will accept gold coins or silver bars but theyw ill talke Bitcoin
anyway heers some NEOXAG for ur comment
You know my answer bestie. Hell with fake money give me the shiny all day every day.😃🌹
Spoken from the heart of a dyed-in-the-wool stacker, bestie @silverd510!😃
Love this post! I'm a diversified investor and still have my stacks of silver and gold. Everyone should have some!
I think that a diversified portfolio is key to maintaining a healthy financial hedge. I am not into much, but I believe in real estate, investing in my pension fund or IRA for others, I have a few stocks (Coke, Microsoft, Walmart and Homedepot, and now Mene all of which I am a customer and user of their products), building a fiat stack, and precious metals. Also, I believe in not having revolving debt. I appreciate your visit today, @scaredycatguide! I just followed you, my friend.
Yep, agreed. I own rental properties, have metals, stocks and cryptos.
I've only had one other stacker (@silveringots) on my ScaredyCat Investor Show (on the minnow support discord channel) maybe it's something for you to join me on and talk metals sometime?
@silveringots is a major, big time vintage bar collector. He acquires very high premium silver. I am an average cost stacker with a tiny budget for precious metals, and do not really go for high premium silver because it defeats the purpose of saving and stacking. I am not a collector!
Yeah, I have a rental unit as well and use income generated from that to pay down my mortgage every month. So far so good. I love it that the real estate market has picked up since I bought this home. I may yet decide get into more debt in real estate to get another rental, or go rent myself a smaller place (this house is too big for me) and rent out this house! But much of my ability to save comes from not buying fluff and stuff. Before stacking, I used to go crazy on clothes, handbags and shoes... and crazy other useless stuff. ON my first month of stacking, I just decided not to buy any of that, I did not need four new dresses, or four shoes, or another bag. I got silver instead. Since then, I my mindset has changed: to the greatest extent possible, I use fiat money to buy real value!
Look at you go! That is awesome. Yeah, as for as leverage debt for real estate it doesn't get any cheaper than it is right now with rock bottom interest rates. Prices of homes on the other hand are a different story. I tell people just be sure it will cash flow then price isn't as important. I created a rental property calculator on my scaredycatguide.com website I use to run numbers on properties all the time. Keeps me in check.
r u a girl? 4 real?
A/S/L
join my AOL chat room plz
jk
srlsy tho r u thegirl in that cartoon?
How did you get trapped in the cartoon? do u owe crypto? are in lie a reboot the tv show senario?
OH and i rather have paper money cuz silver is old and cumbersome no oen wil take it
silver is just not even good stro eof value it has been bleeding off value so bad since it was $50 back in 2011 man , or Giiirl come on look at the stupid metals godl and silver, peopel are just brainwashed by gold bugs into thinking gold is good for whatever reason when it hasnt proiduced any fuckin returns since its all time high
lol paper cash for sure
and paper cvash can be crypto bvacked
but yeah people willa lways be accepting paper money and hyper inflation cant happen to teh USA because we have a military and that is sad butrtrue
its like hey the roman empire didnt have computers liekw e do lol
anyway i lov4e this posta nd i resteemed!
Oh Zacky-Boi, you are so Silly!
Even in your totally digital/fiat dream world,
it MUST be backed by something other than
digits and dreams! GOLD and SILVER. These
are the basis of MONEY for over 10,000 years...
Now me? I'm Smart, I am into ALL THE ABOVE.
You need to watch @silversaver888 youtubeZ
channel, she has ALL THE ABOVE as well 💪👍💪
PS: The Romans had a military too, and it did not
keep them from falling, in the end. They had to PAY
the soldiers and when they devalued their coin it
hastened their failure. I guess you have missed
the Trump Video about the Gold Standard? 🥇🥇🥇
Crypto is backed by other people who trade it, and its a store of value traded and valued re-veered for its mathematical basis. The cryptography itself is the basis... the value of a network spiraling off into complex proof of work hashes is the value and its a deep seated human nature that makes people want to collect something that CANNOT be duplicated. Paper fiat money got us to the point of computers and internet where the Gold is where it belongs, used as a precious commodity for hi tech manufacturing!
Also this is besides the point as unbacked paper fiat backed by No gold brought us to a point of wealth unimaginable to people using the gold standard a hundred years in the past.
U need to start at "MONEY 101" cuz DEBT (fiat) never built anything.
But, Crypto can do much more with it's deflationary system than FIAT did with inflation. There's a lot more to the puzzle! CRYPTO is awesome, and I am in big time.
Yes, I am a girl, LOL!
There is value in all: commodity money, representative money, fiat money, and cryptocurrency.
The good thing is everyone is free to decide what to do ith their own hard-earned money.
I love the freedoms we enjoy in America!
I'd love to hold both😂😂😂. $500 as fiat and $500 in silver and gold.
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Exactly... one must have both! If one uses all his/her fiat to get silver and gold and when an emergency need arises, one will have to sell their silver and gold, which defeats the purpose of stacking. Many say that the ideal time to stack precious metals is only after one has paid off revolving debt, and has built an emergency fund.
@silversaver. You're fucking amazing😍✌
Awwww... I am sure you are too! The saying goes... It takes one to know one, @abdex9.
💗💗Nice ✌😂
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Cash because at least it's everywhere accepted as a currency. Try spending some gold for groceries.
Yup, that is why it is good to have a fiat currency stack always... an emergency fund... one year equivalent of one's regular maintenance needs is what many advise. Oh and yes.. no revolving debt!
SILVER!!! Gold is cool too, but silver is still my favorite. It's easy to want to put value in the dollars because most other people do, but I know that I'm saving for my future by investing in metals.
Me too, @themanwithnoname!!! And I am on a mission to share my adventure and passion for saving in silver and gold because I know what is true value. I must qualify that not all my savings are in precious metals. But let me share with you, my friend, that I have not been successful in saving value as when I started stacking.
I prefer the metals long term, but we're stuck using paper to pay the bills. In one sense that's alright, we can hold on to the silver and gold, and keep it safe from thieves. Imagine if the tax man came along and demanded payment by weight! I'd rather they loot my fiat than my stack!
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Luckily, we don't have to have it all in one form! As for myself, I convert half of my remaining disposable income into precious metals every month, the other half in fiat stack. It takes a lot of discipline in my part to hold fiat as it is so easy to spend. I just know that I have more value (wealth, if you may) that I physically hold now than when I started stacking, and I have more fiat savings now than when I started stacking. It is a paradox: Buy to save.
Only silver and gold are money, everything else is just currency! Give me a solid, tangible asset everyday of the week.
By the true definition of money, you are absolutely correct, @welshstacker!!!!