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The Fate Of Fiat
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
silverbearcafe.com / By Peter Souleles / April 20, 2013
I have come across the above item on eBay. It is selling at $60 for a 2 pound bag. It is not an illegal drug and it would not be much good for smoking either. It is simply shredded US currency and this lot is advertised as containing approximately $10,000 of US shredded currency.
That is correct, with shredding, 94% of the original value is gone and that is based on the presumption that these packets are keenly sought after at $60, which I somehow doubt.
And then I thought about gold and silver. You can cut them into little pieces, ground them to dust, beat them to the thinness of a leaf, stretch them, melt them and soak them and yet they are still worth the same. They are time’s immortal travelling companions.
Many hoards of gold and silver lie buried in unknown locations, but they are not in a hurry to be found nor will they grow old or weary. Sometimes they even get lost on the bottom of the sea and crews spend millions searching for them.
But these two pound bags are a problem. Perhaps they could make a nice cushion or a conversation piece at dinner parties. Or how about the contents of a number of these bags forming the contents of a mattress so that thieves looking for money under your mattress will be fooled right under their noses?
Thanks to BrotherJohnF
2013-04-20 09:45:42
Source: http://silveristhenew.com/2013/04/20/the-fate-of-fiat/
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