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SilverHubs posted a blog entry in Currencies, precious metals & silver's monetary usesSILVERS ADDED VALUE MONETARY USE Silver’s everyday monetary use to shine bright once again. Bullion 1 ounce silver coins – the perfect monetary unit of trade & exchange Once upon a time, there was a World where people gained wealth by producing real things which created value and captured a wealth which was directly related to the energy people expended. SILVER AG. CIRCULATING BULLION COINAGE Silver bullion coins were the prefect medium for quantifying and transferring energy derived wealth between people – conducting trade with a real valuable precious commodity which was easy to value, divide, transact and exchange between traders. Today the World still produces a unit of solid silver monetary exchange; the 1 ounce solid silver bullion coin in pure .999 silver which is issued by most of the Worlds official Mints in their own national currencies. The problem when it comes to using them in everyday trade, is that they just aren’t promoted by the government Mints, as money! They’re promoted to simply be placed in boxes and stored, like gold, back underground! In reality, relatively few people even know they exist let alone how to acquire and value them. Silver coins just aren’t promoted as circulating coinage anymore. Instead, we’re encouraged by the issuers of ‘fiat currencies’ to trade with debt derived paper notes or digitally created claims. These artificial faith derived units of paper promises derived from debt are basically what the bulk of the Worlds populations have been brain washed into working for, we all exchange our time, our energy, our health for an artificially derived unit of so called currency. In reality we’re all becoming slaves to the central banks and issuers of debt derived monetary promissory notes – ‘modern fiat currencies’. True, in order to help sell their perceived value, governments print a picture of someone famous, or perhaps a head of state, which is meant to add to the appeal of why we would exchange our time and energy to work for them. WHAT REWARDS DO WE WORK FOR? real silver money – pure 9999 silver bullion monetary coins Are our current units of money really efficient and fair reward for exchanging our time on this planet? Trust and faith are 2 key attributes which humans have a tendency to slant towards in relation to who and what they’ll work for. Governments have huge publicity machines, including their own ability to print currency at will, which creates an immense dilution that central bank issued currencies are the only thing we should exchange our lives for! In the precious metals market trust and faith is equally very difficult to earn for any bullion refinery or mint. It evolves after decades of trusted consistency in terms of quality and continuity. For these reasons, the silver bullion coins which are still used by the Worlds official government Mint are perfectly placed to be used as trusted forms of tradable units of real value ‘real money’ Out of all of the silver bullion coins issued Worldwide today, there’s a few that have a global trusted identity which could be used in everyday circulating trade, easily recognised and valued. The most recent being the iconic Krugerrand coin which in it’s gold version is trusted and recognised the world over and I am certain that the silver bullion version will go a long way towards increasing trust and awareness in the silver bullion trading landscape. There’s every reason today for making a return to using trusted silver legal tender coins for trade and everyday transactions, just as their was in the realms of the Roman empire. There has always been a human trusted perception of value in money which comes from the earth in very finite limited supply, ‘precious metal’ or natures true money; gold and silver. The current experiment with using our new found ability to ‘educate’ populations on mass to accept bank printed notes as a form of monetary value seems so far removed from the human condition it’s so ridiculous, people believe it must be real money because our leaders print recognisable portraits on the paper and convince us all to exchange our time and skills for these paper promises! But when did you last hold a modern paper unit of debt (modern fiat currency note) in your hand and marvel at the natural beauty, store of value and energy it retains for you!? Hold a one ounce solid bullion 999 silver coin in your hand, give it to a friend, show it to anyone in any corner of the World and they’ll recognise that it holds a certain value which is not readerly artificially recreated – silver bullion coins hold a true quantifiable store of energy, it’s the production and use of energy which mankind traditionally exchanges time for. The World renowned bullion Krugerrand – now in silver bullion So, why as a society have we forgotten how to trade and appreciated precious metals to the extent that they’re rarely used in everyday trade? Amongst many, here’s 3 reasons; 1. Governments find it easier to manage and tax populations by controlling their access to units of money. 2. Governments and the elite wealthy bankers much prefer getting everyone to work for a unit of currency which they can control and have unique access to create, giving themselves a cut of every transaction. 3. People have become lazy in a digital age, it’s just easy to accept the norm and become excited and satisfied by digital diodes on a screen – in reality that’s what most humans are working for today! How can we instil some positive change – freedom, independence and self control back into how we choose to transact with our fellow humans? Simple – make a start by insisting that we have some control of our own money, work and trade with money which is truly limited in supply and has both intrinsic and appreciating value, money which is not simply a liability to repay someone else’s debt. There does exist such a true form of legal tender silver coinage, we simple have to re-align our knowledge to regain the faith to learn how to recognise and use real silver money once again! We can use digital technology, our smart phones and online platforms to make recognising, trusting and valuing silver coins both easy and intuitive once again. SOLID SILVER IS IMMENSELY RARE Silver bullion coins are pure 999 parts per thousand precious silver. They are minted in significant quantities that they can be used in everyday trade, once we all make the effort to appreciate them. Silver has been recently valued around a 60th / 1 gold, although more historically it was aligned at 16/1. Today, through the bankers ability to artificially create and trade ‘paper derivatives or forward contracts for theoretical bullion’ they have managed to suppress the ratios into historically slewed realms of 70 or even as we speak, the silver futures contracts have been traded down beyond 80/1. Whereas silver’s true value in the earths crust is today just 11 parts / to 1 part gold. In real monetary terms silver is actually in scarcer supply than gold, in that pretty much all of the silver mined throughout the history of man-kind has been used, or consumed. Whereas pretty much all of the gold every mined throughout 4000 years of mankind, still exists today, in some physical form. Using silver bullion enables us to take responsibility – improve our self awareness, we become more independent and resourceful. Join & discuss on SilverHubs silver barter forum Rely on yourself – you don’t want to be anybody else’s liability!
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.