Paying with silver?

[1dude]

My personal feeling is we are headed for some very bad times ahead. My thought is if everything happened to collapse how would people set up a barter system? I guess it would be whatever was worked out. Say for example how much would a chicken cost in silver or gold? I would immagine that at first it would be crazy and depending on how hungry people are. Also things may vary from town to town. I started to buy some old silver coins and boy they are exspensive now. Well thats more do to a week dollar, a small part of our problems. I would just like to hear some other thoughts, ramblings, opinions etc on barter / silver, gold trade.

 

[hemet dennis]

My personal feeling is we are headed for some very bad times ahead. My thought is if everything happened to collapse how would people set up a barter system? I guess it would be whatever was worked out. Say for example how much would a chicken cost in silver or gold? I would immagine that at first it would be crazy and depending on how hungry people are. Also things may vary from town to town. I started to buy some old silver coins and boy they are exspensive now. Well thats more do to a week dollar, a small part of our problems. I would just like to hear some other thoughts, ramblings, opinions etc on barter / silver, gold trade.

If you're paying with gold or silver that's not barter, that's buying and selling.

Now if you have a chicken I want and I have a bag of corn that you want then we could barter.

 

[Matthew3590]

[FONT=arial, lucinda, verdana, geneva, sans-serif]Fun fact 1 dollar is always worth [/FONT]371.25 grains of silver.

 

[1dude]

Well so far so good, no one has posted spelling error corrections. I can feel thats comming next.

 

[thaiturkey]

Well so far so good, no one has posted spelling error corrections. I can feel thats comming next.

OK, then, if you want it. I wouldn't usually bother.

Well, so far so good. No-one has posted spelling error corrections. I can feel that's coming next.

The spell check that comes with the forum is quite good.

Barter is fine for people who have something with which to barter. The remainder starve naked very soon. It's a cumbersome system. The ones that work have some form of points value structure. A chicken would carry a points value of X and painting ten yards of fence would carry a points value of Y. Organisers keep a tally of points credit and debits. In other words, the barter groups creates a form of currency. The tax people don't like it!

 

[1dude]

I did some searching and I am sure this is full of inaccuracies, but here is what I figured out.
I searched and found...average chicken 3.5 pounds @ $1.09 a pound = $3.81
Silver $29 an ounce divided by 3.81 = .13 ounces
A silver dime contains about .072 ounces of silver, two dimes would be .144. That means roughly two silver dimes for a 3.5 pound chicken gutted.
I wonder what the price was say 1940 when we were on the gold standard?

 

[hemet dennis]

I did some searching and I am sure this is full of inaccuracies, but here is what I figured out.
I searched and found...average chicken 3.5 pounds @ $1.09 a pound = $3.81
Silver $29 an ounce divided by 3.81 = .13 ounces
A silver dime contains about .072 ounces of silver, two dimes would be .144. That means roughly two silver dimes for a 3.5 pound chicken gutted.
I wonder what the price was say 1940 when we were on the gold standard?

With a collapsed system do you really think that a pound of chicken will be $1.09 ? Will people still be painting fences ? Some people will say lead will be of more value then gold.

 

[Mattemma]

Might be easier to trade in silver or gold,but I would prefer item for item.Veggies for honey,meat for fruit...whatever we could agree on.Sad thing is there will be people who will just take your stuff and kill you to boot.

 

[thaiturkey]

Death of Grass ('No Blade of Grass' in the US) by John Christopher is worth reading. It was first published in the '50's, became a modern classic, went out of print and has recently been republished. It's about the collapse of society following the spread of a virus that kills grass of all kinds. Christopher describes how society falls apart very quickly as food becomes scarce and the only law is violence.

 

[1dude]

Hemet Dennis, was just throwing numbers around for some kind of guess, I’m sure it won’t be anywhere close to 1.09 either. I have read some people say buy gold for a hedge against a dollar collapse. But I never see how they are going to use it or any suggestions for exchange. For example how much silver equals an ounce of gold etc. I agree direct barter maybe easier.
I’m thinking worse case, collapse of the banking system, food shortages and rolling brown outs, fuel rationing, a lot of businesses shut down, some looting and rioting. I don’t think we would see a Mad Max scenario, its possible in big cities if people panic. I heard that US stores only have a two day supply of food in store.