Exploring Hydrocarbon Depletion
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Why buy silver?
For example, in 2002, the average price of gasoline was about $1.28
per gallon and silver was trading at around $4.50 per ounce, which
means, that you could have gotten about 3.5 gallons of gas for 1 oz.
of silver. Today, gasoline is about $3.23 per gallon and silver this year
has averaged about $17.55 per ounce, which means, you could get
get 5.4 gallons of gas for 1 oz. of silver. As you can see, as the dollar
is losing value, silver has kept it's purchasing power in terms of gasoline.
Dreamtwister wrote:That's pretty creative. It's legal tender, and it has actual value. I guess as long as he makes sure to pay his bills in modern "funny money", he can probably get away with it.
I was thinking about this, but sales tax is probably automaticallymattduke wrote:Now try to calculate what sales tax he should pay...
steam_cannon wrote:I was thinking about this, but sales tax is probably automaticallymattduke wrote:Now try to calculate what sales tax he should pay...
calculated on the pumps as a US dollar transaction. So I'm sure
calculating taxes isn't a problem.
It's legal tender but not a presently issued currency and the IRS willmattduke wrote:He paid 25 cents, legal tender.
There are some loopholes like this, but as I said since gas pumpsQ Are bullion coins legal tender?
A Yes, if they are government issued bullion coins with a face
value. This nominal face value allows the coins to travel across
national borders without the taxation or fees otherwise imposed by
many countries on bullion itself.
Feds Raid NORFED offices, Seize Ron Paul Coins
http://www.plunderbund.com/2007/11/17/f ... aul-coins/
Federal agents on Wednesday raided the Evansville, Indiana
headquarters of the National Organization for the Repeal of the
Federal Reserve and Internal Revenue Codes (NORFED), an
organization of “sound money” advocates that for the past decade
has been selling what it calls Liberty Dollars, a private currency it
says is backed by silver and gold stored in Idaho, with a total of
more than $20 million in circulation, according to the group.
steam_cannon wrote:Real money
Pretorian wrote:that coin had lost minimum 0.5 grams of silver. not so real anymore.
Have fun, bartering can work. I know I've traded ceramic dice /Pretorian wrote:However, next week i am going to farmers market loaded with
silver us, canadian and mexican coinage. we'll see
gnm wrote:Even the copper clad zinc pennies are worth more than their face value. How far we have fallen... Keep on printing Ben!
Twilight wrote:A useful observation for the gasoline shortage thread. I will copy it there. If fuel price inflation hits the public consciousness enough that they keep their tanks topped up through summer, that could have an effect on inventories.
MD wrote:Twilight wrote:A useful observation for the gasoline shortage thread. I will copy it there. If fuel price inflation hits the public consciousness enough that they keep their tanks topped up through summer, that could have an effect on inventories.
The run to commodities seems to be spinning off some hoarding mentality here and there. I hope it doesn't get out of hand.
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