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RE: Picking up more over priced silver. A good investment?
Is 50p its Face Value of the Coin...???
March 13, 2019... @pocketechange or #ssg-membership
Is 50p its Face Value of the Coin...???
March 13, 2019... @pocketechange or #ssg-membership
Yes. The face value of these coins are 50p ($0.62US).
So how would the same face value coins, made from different precious metals fit in with your PC theory?
A $100 Gold or Platinum U.S. Bullion Coin may have the same Face Value, with the same “Spending Power” but their Melt Value would be based on Fair Market Value.... It wouldn’t be a good idea to Melt U.S. Coinage... A One Hundred Dollar Coin will have the same “Spending Power” as Ten Thousand Federal Reserve Note Dollars, after the Reset... Their Melt Value will be considerably less...
This is the bit I'm always still fizzy on.
Obviously I love in the UK. Now IF/WHEN this new crypto $ comes in to existence will that be excchsngable for GBP(£)? and who sets the rate?
If all of a sudden USD becomes worthless and exchange rate to GBP goes through the roof, then if 1 US crypto = 1GBP (for example)....
What if the GBP becomes the world reserve currency because the USD has gone to shit and what's stopping gold/silver/platinum being priced in GBP?
Your crypto $ theory only hold true if USD remains world's reserve currancy and at a rate of 1:100??
If gold become valued in £ at say £1100 an Oz and at a ratio of 1:1 with US crypto can your theory still work?
If that scenario happens their melt value would be equal to or more than face value....
OK, I'm going to stop now, I'm confusing myself. Lol 😂
Wow... So many questions all at once... One U.S. Crypto Dollar will be “equal” with one of the old One Hundred Dollar Bills... So whatever the exchange rate is for the Old Bill, will be the same for One U.S. Crypyo Dollar... Exchange Rates are always Fluctuating... I’ll try to finish this reply later... I’m out and about right now... The Melt Value of Gold will reach as high as $3,500 in Federal Reserve Notes... I have no idea what Exchange Rates will be, when this happens... In U.S. Crypto, that will be a $35 Melt Value...
So the US crypto $ won't have an exchange rate to the GBP?
If hyperinflation strikes the USD (like it should) then the US crypto fixed at a 1:100 rate could also become worthless on the global market?
Why would the United States Dollar become worthless if it’s backed by Real Money...??? Plus there “will” be an exchange rate... U.S. Crypto will be as stable as can be... It will be everyone else’s Money that Fluctuates... Are you looking for “Fixed” exchange rate...???
If I want to go on holiday to florida, will my GBP buy US crypto and who sets the exchange rate?
If the dollar crashes(purchasing power) , which it will IF they switch to a US crypto, then at a fixed rate of 1:100 themln by default the US crypto will also become worthless.
Atm £80= $100 (approx) therefor = £80 would equal 1 US crypto.
If you truly believe your PC theory, then you can see that the dollar is doomed and if fixed at 1:100 then so is the idea of a UScrypto
Okay... I'll start at the top and answer my way down...
Who sets the Exchange Rate... I have to ask you, who you think sets the exchange rates now...??? I've been to other Countries and I turned in some Federal Reserve Notes for their Currency... The Rates are in Constant Change... I'm sure that once the Monetary Reset happens, we will still use the Current System of Currency Exchange Options... If your Currency gets you One Hundred Dollars in Federal Reserve Notes , and the Reset happens Today, you will only Receive 1 Dollar in Debt Free Money, with "no" loss in "Spending Power"... So what if you get less Numbers, as long as you have the "same" Spending Power...???
There is no chance of the Dollar Crashing because of the Activation of U.S. Crypto... You must realize that during the Redemption Period, you have the option of using Federal Reserve Notes or the New U.S. Debt Free Currencies... If an Item Costs 100 Federal Reserve Note Dollars, you will have the "option" to Purchase the same item for One U.S. Crypto-Dollar, which (by the way) will be backed by U.S. Bullion Coinage...
Yes, at the ATM's... Instead of receiving a 100 Dollars in Federal Reserve Notes, you will receive One Hundred U.S. Paper Trade Cents... U.S. Crypto's will mostly be used with Saving Accounts, Loans, Writing Checks and such, along with Credit and Debit Cards... There will be many uses for U.S. Crypto-Dollars and Decimal Cents... You will be able to Deposit a One Hundred Dollar "Bill" in "exchange" for One U.S. Crypto-Dollar...
You're correct about the Federal Reserve Note Dollar being DOOMED... The Redemption Period shouldn't last more than a Few Years... After that Period ends, Federal Reserve Note Dollars will become Void of any and all Legal Tender Status... U.S. Crypto, U.S. Trade Cents, and U.S. Coinage will be the Monetary Tools used to "Remove and Replace" all Federal Reserve Note Dollars, during the Redemption Period... The New will Replace the Old, with "no loss" in Spending Power...
Thanks for Questioning my Theory... It reinforces my Trust in the Plan... I'm actually tempted to use my Answer as a New Post... lol... It's probably a little longer than most of my Posts...
March 14, 2019... @pocketechange or #ssg-membership