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Silver bullion legal tender coins to pay for goods and exchange for services SILVER 1OZ BULLION COINS IN EVERYDAY TRADE PAY BY SILVER 1oz Silver bullion coins – Mint bullion coins to be the benchmark silver money: Silver 1ounce coins: USA Eagle, Canada Maple-Leaf, SA Krugerrand, UK Britannia, Mexico Libertad, Austria Philharmonic, Perth 1oz coins & bars Retailers – benefits for accepting silver coinage Additional source of money and demand coming into their stores and markets. Bolding silver monetary coinage which has the ability to retain and appreciate in value Merchants can offer certain coinage to retail sale directly themselves at a small premium, or re-exchange to other merchants, or sell bulk silver to our approved trade buyers Less perishable form of currency Increased buyer interest, especially in artisan type businesses Public & silver coin holder benefits Using a real physical precious metal bullion coin – the feel and pleasure of holding and transacting with solid silver Ability to transact in their own units of silver currency outside the e-banking system Potential appreciation & price stability of silver coinage More general acceptance and choice for using their silver, which in turn will create greater silver demand from the coin and investment sector. Rising demand and awareness for the silver industry creates upward price pressure and helps price stability SILVER MONEY As silver bullion price rises, it encourages more physical usage, thus more awareness & demand. To find out more get in touch to help get this mission in action. SILVERHUBS The SilverHubs system will be a great benefit to anyone involved in the silver industry, including coin dealers, Mints, wholesale, silver miners as well as silver stackers who just love to see a return to silver bullion coinage being used as everyday spendable money. The App, Hubs platform, marketing and development is currently all a private initiative, being funded and explored by SilverHubs, with a mission to see a return to the use of more real money in everyday trade, using physical silver bullion coins to help encourage a common sense approach to how we use and appreciate money, benefiting everyone who appreciates ‘sound money’ rather than simply transacting with artificial constantly depreciating ‘fiat currencies’ which mainly benefit the banking systems over everyday citizens. If you are interested in helping support this project I’d love to hear from you please get in touch – You could also directly help in the development and adaption of the SilverHubs principles by helping with ideas, resources and awareness – as well as any sponsorship in order to help get this project into a large scale working action sooner than later!
SilverHubs posted a blog entry in Currencies, precious metals & silver's monetary usesOne of the first things that we all add up as we're about to go travelling is - what’s it going to cost £$€ - and how will I pay for it? As an international traveller, by default you need to be an international currency trader! What is money? worth exploring further > Money, or ‘currency’ is basically cheap! It's cheap to produce! Most of the currency we use today is created by either digital key-stroke on a computer, it’s literally typed into existence! or, it’s printed by a few select private organisations around the world who are allowed to print currency using relatively cheap paper stock. On the other hand, we all know that physically creating wealth is often far from easy. Link those two aspects together and what it shows is that real creation of money and wealth is really the creation of something of real value, i.e. not necessarily currency ‘often referred to as money’, What’s more important as a traveller, is having an ‘exchange value’ or a barter. Throughout history, gold and silver were the real physical elements used for real monetary exchange. I can tell you from experience travelling around the World, people do prefer something real and physical and more valuable than paper currency, or ‘fiat money’ Things that you use, hard assets, real valuable items that other people will gain real value from. Costs of creating money Source 1 private banks get to create it, on behalf of governments. These private banks get to add the first profit margin onto the new pretend money they create, (print or digitise into existence) Generally modern money, digital or printed is created by issuing debt. You or I go get a loan from a private bank, they create the currency and thus create the first tier of ‘money cost’ or ‘interest’ All aspects of money creation bear a cost of creation, as well as a profit margin for handling. As consumers and travellers, we’re quite a way down the pecking order in terms of what we pay for obtaining our money! Big banks get the cheapest money, often for free! or even as at 2019 certain Countries are able to create money at zero or minus cost, as in one organisation will lend a foreign bank money, in Europe or Japan and in return they’ll actually receive less money back, when they come to cash their bond than they paid for the bond, (a lending instrument) That’s basically referred to as zero, or negative interest! These banks then get to gamble with the new money. Some of the newly printed currency gets lent to other smaller banks, at a slight profit and some gets lent to businesses and private individuals at a higher profit! Travellers money, often gets re-packaged into ‘money products’ like convenient plastic cards, foreign currency notes, travel cheques, which all tend to incur a cost of creation, a cost of re-sale plus a cost of exchange, or cashing out. As a World traveller, you’ll notice this when you come to buy your currency as well as when you come to re-cash it, or exchange it for some other form of currency, goods or services. You might not always notice it, but often those extra costs will be buried into an ‘exchange rate’. You might see signs like ‘zero commission’ but that doesn’t mean the money changer isn’t making his commission from the exchange rate! Imagine if there were ways to eliminate or vastly reduce the ways of obtaining and exchanging our travel money. Fortunately today, there’s lots of alternative ways of carrying foreign currency, or indeed our own internal national currency. All currencies incur different levels of costs and risks, some of which I will summarise below. Exchanging something real, of real value can be a great way to carry and transfer our wealth from place to place. If we think of wealth as the ability to create something of true value and purpose to another person. This might be things like, helping with jobs in return for somewhere to stay. Basically trading our own time and labour, for that of other peoples. This arks back to early days, when much of the exchange of trade and value was conducted at ground level, face to face, by barter. It’s the core of value and still something that can be used throughout the World today, which doesn’t incur any third party costs of profit margins from banks, money creators and currency lenders! There’s possibly a reason that Jesus chastised the money lenders in biblical times! Extra currency trivia Natural state of the World - is to save, be frugal, be cautious. It’s deflationary, so why are central banks hell bent on creating inflation AND telling us it's a problem if we don't have sufficient inflation! 2% inflation seems to be the central bank cartels holy grail. Technology generates efficiency which in turn saves money. High levels of debt - stutter growth and money circulation, as is the case today US$ money supply went up from $800 billion, to $4.2 trillion in 10 years, whilst the turn-over, or way that money circulates dropped so who got all of this freshly fiat created money? to be continued . . . . 2020 Meanwhile, owning your own precious metals, physical gold and silver means you're placing at least part of your own wealth and created value outside of the banking system, you are in effect your own central bank! and liable to no-one but yourself.
PAY BY SILVER COINAGE In practice – how might this work? Since there’s trust that a twenty paper money promise (like a £€$20 note) is good for £€$20 of goods or services, which in reality is a constantly varying metric given that central banks allow their fiat currencies to float freely up or down in international value and trade. Silver bullion UK and USA Minted coinage also floats freely in spot silver and various traded markets. Therefore the varying valuations can not be disputed i.e. they vary on any given day, dependant on a wide variety of factors including things such as simple emotions of the buyer/seller. SILVER BULLION IN-STORE TRANSACTIONS Let’s assume todays silver spot price is $18 / £14.20 SilverHubs sets a suggested valuation for a current year 1 ounce .999 silver bullion coin at spot + 10% = $19.80 (in a UK example spot £14.20 + 15% = £16.33) An item sale price is $19.95, merchant/trader values the Silver bullion coin at 19.80 and then gives $0.15 credit or cash change. a simple silver transaction SilverHubs silver valuations linked to: A/ The global spot market B/ The local parameters inputted by the merchant, within agreed perimeters i.e individual merchants may favour a certain range of coins, years, or quantity and adjust their trade premium accordingly within the recommended spot +10-20% premium. What do merchants / stores / traders / shops do with the silver bullion they accept as payment? A/ Re-issue that same silver bullion in another customers change at the same agreed value. B/ Re-issue it in change at a higher value, thus their gross profits may be adjusted accordingly when they balance accounts. C/ Cash it in to a bullion coin dealer at any given amount Buyers can access live silver bullion prices on their phone and get a live bid for their silver coins in exchange for goods. At the point of sale they can simply opt to pay with their silver or any other form of accepted payment, i.e dollars, bitcoin, PayPal, Apples etc Sellers would still have received the same $£ amount in monetary value and that’s how they might account for their transaction, at the same asking/sale price. They would be free to cash their silver bullion, i.e. USA Eagle dollar, UK £Pound Britannia etc just as they would the $£20 in notes. A FREE WORLD SOUND MONETARY SILVER STANDARD In effect you take control of your own finances and become your own central bank! using money which is actually backed by something physically real; hard work, energy which has mined a unit of monetary value which is both precious and limited in supply. (unlike fiat paper debt based currency) In the case of a similar scenario in the United Kingdom, using a Britannia £2 legal tendor silver bullion coin, since the coin is legal tendor UK money, their is no capital gains to account for, it is simply a transaction at the agreed monetary exchange for the amount given. A merchant could record their sale amount in the usual way appropriate to their own accounting procedures. FAIR PRICING FOR SILVER BULLION COIN SELLERS Is using silver bullion coins fair for both buyers and sellers? In the above scenarios yes because; The owner of the 1oz silver coin may be receiving several benefits like: convenience of using their silver to pay for goods received $19.80 US or £16.33 UK that being a fair price compared to the costs and time involved in locating and trading the coin elsewhere feel good factor of using solid silver, real historical money which is no-one elses liability, i.e it has no associated debt or counter party risk The receiver of the silver coin receives a fair trade because They have accessed an extra source of happy customers Had a more direct and personal transaction with their customer Received a fair value unit of $ or £ value for their services Hold a unit of value which has no associated liabilities, no debt, it is fungal easy to re-exchange and has a variety which can not readily be inflated by outside entities, i.e it’s always an ounce of silver. Has the ability to retain value and future buying power Both sides of the transaction get fair value and a real life pleasant trading experience just has the founding principles of monetary exchanges intended, using gods money which is given by the land and worked for with a real life physical labour i.e the silver holds a value of energy, unlike digital currencies which are created by computer key-strokes! SilverHubs trade network USA & UK stores, shops, tradesman, merchants that accept silver coins for payment – please get in touch and join the Trade SilverHubs if you are interested in being included in the program to benefit from enhanced customer awareness for your business.