tag:blogger.com,1999:blog-2182962435875556601.post2076449549392198768..comments2023-09-24T08:04:06.909-04:00Comments on FSK's Guide to Reality: APMEX Fractional Silver and Shire SilverFSKhttp://www.blogger.com/profile/11903396202330950362noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2182962435875556601.post-39057911992514017342011-09-09T18:58:17.685-04:002011-09-09T18:58:17.685-04:00You would have to cut the shire silver card and me...You would have to cut the shire silver card and melt the silver. Of course, the melt value of the silver is much less than the shire silver card.<br /><br />You have that same problem with bullion.<br /><br />Silver: There's an alloy of cheaper metals that has the same specific gravity as silver.<br /><br />Gold: gold-plated tungsten<br /><br />Platinum is the most counterfeit-proof PM. A specific gravity test on platinum is 100% perfect.FSKhttps://www.blogger.com/profile/11903396202330950362noreply@blogger.comtag:blogger.com,1999:blog-2182962435875556601.post-32465971265074655002011-09-09T02:35:26.740-04:002011-09-09T02:35:26.740-04:00You're overlooking a huge failing of Shire Sil...You're overlooking a huge failing of Shire Silver that overwhelms your objections. It's not verifiable. Good money has to be verifiable. That is, it has to be possible for us to tell that it's not counterfeit. There is no way to know whether a Shire Silver card contains the requisite amount of metal (due to the weight of the card) or even that the metal encased in the plastic is actually silver and not, say, aluminum. I'm not saying Ron *would* cheat us, but any system where such deception would be so easy to perpetrate is not viable. It's even possible that we could be cheated entirely by accident if the wires are cut by length and not weighed to verify accuracy under the assumption that all the wire being used has uniform thickness.Matthttps://www.blogger.com/profile/18187951013162510754noreply@blogger.comtag:blogger.com,1999:blog-2182962435875556601.post-27338579750773387182011-08-01T01:57:04.750-04:002011-08-01T01:57:04.750-04:00steamroller says:
It will only crash when the conf...steamroller says:<br />It will only crash when the confidence of people in paper (fiat) has completely failed. There may be some barter with silver in fractions of an ounce, but that will depend on how much silver you want to convert into food or other essentials - - since they won't be sold for dollar-denominated fiat. Nobody will want them - much like Zimbabwe today!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2182962435875556601.post-13172281732298780982011-07-31T18:13:27.486-04:002011-07-31T18:13:27.486-04:00I don't think the whole system will crash in t...I don't think the whole system will crash in the next few years.<br /><br />Things will just get slowly more horrible.<br /><br />As such exchanging gold and silver back into fiat a bit at a time might be what will happen.Anonymousnoreply@blogger.com