If silver is so valuable as commodity money, then why do silver dealers accept fiat?
Also, if commodity money is money with intrinsic value, wouldn't it make more sense to use commodities which actually have use to retail investortors?
Ammo is a commodity that a retail investortors can realistically use but is also fungible enough to trade.
Same thing goes for other commodities like lighters, sardines, screws.
Silver is a commodity mainly to industrial applications. Retail investortors will likely not have use for their bullion.
* why precious metals and not a more useful commodity * if commodity money is better than fiat then why accept fiat for a commodity? * how would you fix other commodities value to silver?
>If silver is so valuable as commodity money, then why do silver dealers accept fiat? Because for the moment fiat is still a functional currency. >Also, if commodity money is money with intrinsic value, wouldn't it make more sense to use commodities which actually have use to retail investortors? Like what? >Ammo is a commodity that a retail investortors can realistically use but is also fungible enough to trade. Except that ammo is only valuable to someone who A) has a weapon chambered in that cartridge B) is in need of that ammo. Try trading that box of red army standard to a guy with an AR in 5.56, he probably won't go for it. Such is the limitation of all barter goods. >Same thing goes for other commodities like lighters, sardines, screws. Yes, it's good to have these things, but it's good to have silver as well. >Silver is a commodity mainly to industrial applications. Retail investortors will likely not have use for their bullion. Silver has value outside of industrial applications as well. >* why precious metals and not a more useful commodity Why not both? >* if commodity money is better than fiat then why accept fiat for a commodity? Why trade away silver if people will still take worthless paper for the time being? >* how would you fix other commodities value to silver? If I find the price unreasonable I won't trade silver for it. The free market always finds it's own balance.
John Reed
i'm thinking about creating silver dildos
Xavier Hill
1. Silver is not commodity money and hasn't been for over a century; it's a store of value against inflation. 2. Even though they might have higher demand and immediate utility, retail commodities don't possess elemental divisibility. (A fraction of a bullet isn't worth a proportional amount to an intact one) 3. Commodity money isn't better; it sucks. That's why we all use dollars for transacting value and assets for saving it. 4. Markets figure out prices.
Jayden Stewart
> be vagina > antimicrobial silver phallus enters you > microbiome btfo > reproductive health btfo
yike
Tyler Ward
thanks all good takes. Do you stay in crypto, usd, or forex?
Evan Jackson
thanks for the thoughtful reply >Silver has value outside of industrial applications as well can you give me some examples
Caleb Ward
>it's a store of value against inflation. *inhales* HAHAHAHAHAHAHAHAHA >If silver is so valuable as commodity money, then why do silver dealers accept fiat? because metal vendors are fleecing metalbugs with premiums who aren't the brightest people. Buy my real money, real store of value good goyims!
You should make these points to every civilization that's ever existed. They must have missed something.
Robert Nelson
>If silver is so valuable as commodity money, then why do silver dealers accept fiat? This is one of the stupidest sentences I've ever read, congrats.
Nathaniel Mitchell
What does any of this bullshit mean? Is this more pretend metal money crap? Just dig yourself up some more pretend metal money and sell it to the idiots who think they have any value lmao.
Gavin Richardson
>If silver is so valuable as commodity money, then why do silver dealers accept fiat? 1 OZ Silver/us dollar. 1 btc / us dollar.
Because the value of 1 btc / 1 oz silver is greater than the value of 1 dollar\1 oz silver , or 1 dollar\btc.
Idiot ...
Mason Young
>but is also fungible enough to trade. ammo is not scarce retard. useful commdity is not what makes money a store of value
John Wood
1 dollar\oz silver *
Henry Wilson
>If silver is so valuable as commodity money, then why do silver dealers accept fiat? Question can be rephrased as "how does profit work?" >Silver dealer has 10000 oz silver >They sell 400 tubes of 25 oz for £500 each >They use their £200,000 to buy 16000 oz of silver
Colton Reed
redpill me on lighters
Samuel Green
found the BiClet
Robert Collins
the OP retard thinks lighters will be money
Ryder Ross
look up what was useful in the Bosnian economic collapse, toilet paper, disinfectant, lighters are among the most useful things. lighters are cheap enough to give as goodwill gifts or to trade petty items with. also useful to start fires for heat or food in desperate times. Cheap enough to buy fifty to sit on. Easily lost.
chad investment will 100x
Gavin Ramirez
Arent you afraid of having your eagles out like that? What if they get all scratched up and discolored?
Henry Powell
>If silver is so valuable as commodity money, then why do silver dealers accept fiat?
You clearly never played runescape. How else do you increase your stack?
Camden Collins
>If silver is so valuable as commodity money, then why do silver dealers accept fiat? Because taxes can only be paid in fiat. I’ll go further and extinguish your more implicit attempt to question the underlying value of metals relative to fiat by asking; If crypto is so valuable, then why do exchanges accept fiat? If stocks are so valuable, then why do brokers accept fiat?
Dylan Nguyen
>Also, if commodity money is money with intrinsic value, wouldn't it make more sense to use commodities which actually have use to retail investortors? You’re asking to return to a straight barter economy with this question. By fixing the question to only consider immediate utility to the party receiving the metal, your question necessitates an answer you’re angling for. The point of metals as a money is that their value as money derives from the fact they satisfy the best form of money: medium of exchange, unit of account, portable, durable, divisible, fungible, and a store of value. If you would only consider trading commodities based on their immediate utility to you, then you would find the problem of double coincidence of wants and throw yourself back into the limitations of barter.
Sebastian Phillips
>look up what was useful in the Bosnian economic collapse, toilet paper, disinfectant, lighters that was fake news. canned food, rice, etc. is more valuable than lighters or toilet papre
Nathan Flores
thank you that's quality information and gives me things to research
Gabriel Walker
I will never be without some silver. It is one of the best antibiotics.
Elijah Kelly
>they satisfy the best form of money: that was before bitcoin. now in a digitalized world crypto is far more useful than precious metals.
Dylan Martin
>If silver is so valuable as commodity money, then why do silver dealers accept fiat?
>Ammo is a commodity that a retail investortors can realistically use but is also fungible enough to trade. >Same thing goes for other commodities like lighters, sardines, screws. These things can service as money but the question is why are precious metals a better form of money than this list of competing commodities. While ammo can be considered fungible, its use is not durable (doesn’t last eternity like metals, and requires specific storage specifications to guarantee proper use). So while it can service as a decent commodity money, it is not as good of a money as metals. This time limit on durability also limits the its storage of value as the value diminishes over time. The lighters are not divisible. I cannot make change with lighters since dividing them would destroy the use value. Sardines are not durable (their use value is in there safe edibility, something that cannot be counted on in 100yrs). Screws are so abundant that their per unit value would be low enough to cause issues of portability.
>Silver is a commodity mainly to industrial applications. Retail investortors will likely not have use for their bullion. The metal's best value is as money, again consider how they satisfy what constitutes the best money. Unlike the ammo and sardines, silver lasts for eternity and stores its commodity use value as a result. Unlike the lighters, silver can be divided into smaller units without destroying its utility as a commodity or money. Unlike screws, silver is rare enough to limit the required amount one must carry to transact, ensuring portability. Also, silver is far more fungible (interchangeable) than any of the proposed commodities you offered, as silver is uniform everywhere on Earth. Not all ammo, sardines, lighters, or screws are created equal. Therefore silver can serve as a better medium of exchange and unit of account.
Levi Torres
thank you this is exactly why I posted, it makes me consider the generational nature of silver as wealth and how other things in society could change but silver or gold would still be there.
Gabriel Mitchell
>is so valuable
Show me one person that thinks silver is value that isn't a retarded plebbit or literal boomer. It's the worst of the precious metals for physical hoarding, and that's saying alot, because all boomer rocks give you a negative roi.
Angel Cook
>now in a digitalized world crypto is far more useful than precious metals You can buy silver with BTC on most sites. Besides it's not like the demand for wanting physical money will ever go away since people like to own physical assets and always will.
Ethan Foster
Buy the dip :DDDD
Dylan Morales
>ammo is not scarce Yet
Joshua Allen
You're welcome, glad I could help. This video can reinforce these concepts.
Shhhhh buy shiny rocks goyim yes goyim it is the only way goyim do not question our get rich quick scheme goyim we promise that after everything is done you will be able to sell shiny rocks to people who have no use for them goyim good goy
Caleb Torres
>all boomer rocks give you a negative roi. this is your brain on bugs
be like this user, exclusively invest in toilet paper
Connor Morales
>If silver is so valuable as commodity money, then why do silver dealers accept fiat? this is the same kind of retarded reasoning which leads people to ask why Peter Schiff would sell his precious gold when he's such a fan of gold Schiff, as well as the silver dealers you're speaking of, use the spread they gain from such a trade and buy even more precious metals, it's not like they're sitting on a stash of precious metals they're desperately trying to sell off so they can have a mattress full of comfy bills
just look at this silver chart all those who bought from 1975 to 1985 to "protect muh purchasing power against inflation" have been LOSING purchasing power. It's possible to make money with precious metals if you can catch them just before the occasional pump and dump. High IQs are making mad fiat selling metalbugs coins with muh inflation hedge narrative. Metalbugs are so fucking stupid it's so funny. Watch them buy their stupid coins paying HUGE PREMIUMS to high IQs metal dealers.
