The US Government is almost 19 TRILLION in debt guys...If you think your $$ are backed by the "faith" of the US government and is going be "insured" how do they pay you when they are broke??
fishnnut,
Welcome to Treasure Net !!
How can the US Government go broke if they have the ability to continue to print money?
Don......
And you can trust the US Gubmint----------Ask any native American.Yes, your savings are insured by the FDIC, up to $250,000.
FDIC insurance is backed by the full faith and credit of the United States government.
You beat me to that answer ..I was going to say i did not know they stopped ..who said they stopped ?
Exactly TC and eventually it will take a shopping cart full to buy a candy bar...speaking of that I could buy the biggest candy bar in the store when I was a kid for a nickel and now if you can get a small one on sale for a dollar you would be doing good....just my point...
Eventually, maybe. But right now, my one oz. American Silver Eagle US mint silver round will only buy a $1 candy bar at the store. That's if the cashier even recognizes the coin and accepts it as payment.
I'll make ya a great deal on candy bars for each 1 oz. silver round that you would like to spend!! You are right though, the clerk would probably not even accept the silver round....especially if they were young!!
My point is, you and I both know what that coin is worth. Like maybe seven gallons of gas. But you'd have to first cash it in for fiat paper.I'll make ya a great deal on candy bars for each 1 oz. silver round that you would like to spend!! You are right though, the clerk would probably not even accept the silver round....especially if they were young!!