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Joined: May 2021
Posts: 933
Campfire Regular
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OP
Campfire Regular
Joined: May 2021
Posts: 933 |
Anyone buying one or more foreign currencies as an alternative to the petrodollar collapsing?
U.S. government was established to represent citizens, NOT TO RULE OVER THEM.
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Joined: Jun 2002
Posts: 131,798 Likes: 23
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,798 Likes: 23 |
Anyone buying one or more foreign currencies as an alternative to the petrodollar collapsing? I've got three 1 pound English coins. Does that count?
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Joined: Oct 2004
Posts: 23,371 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Oct 2004
Posts: 23,371 Likes: 2 |
There will be no other substitute for the dollar in the foreseeable future.
The Euro never attained $US dollar status, and with Brexit, the EU will be weaker, not stronger.
Ruble is trashed. Chinese Yuan is artificially inflated and not freely traded. If it was, you'd see a mass exodus of capital fleeing China as the million and billionaires get the F out.
Crypto? It's taking a beating right now.
"The Democrat Party looks like Titanic survivors. Partying and celebrating one moment, and huddled in lifeboats freezing the next". Hatari 2017
"Hokey religions and ancient weapons are no match for a good blaster at your side, kid." Han Solo
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Joined: Jun 2002
Posts: 131,798 Likes: 23
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,798 Likes: 23 |
There will be no other substitute for the dollar in the foreseeable future.
The Euro never attained $US dollar status, and with Brexit, the EU will be weaker, not stronger.
Ruble is trashed. Chinese Yuan is artificially inflated and not freely traded. It it was, you'd see a mass exodus of capital fleeing China as the million and billionaires get the F out.
Crypto? It's taking a beating right now. That only leaves real money, i.e., the stuff that's been money for 6,000 years.
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Joined: Jun 2002
Posts: 131,798 Likes: 23
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,798 Likes: 23 |
I'm covered on foreign currency. Here's three British pounds, one British crown (i.e., a five pound piece), one Canadian nickel, one Canadian penny, one Greek 5 drachma piece, one one-tenth Euro piece, and one Scandinavian something or other with an elk on it. ![[Linked Image]](https://www.24hourcampfire.com/ubbthreads/gallery/80/full/195240.jpg) I can live like a king in all these nations should things go south for the dollar.
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Joined: Aug 2011
Posts: 8,735
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2011
Posts: 8,735 |
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Joined: Sep 2010
Posts: 41,731 Likes: 18
Campfire 'Bwana
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Campfire 'Bwana
Joined: Sep 2010
Posts: 41,731 Likes: 18 |
I'd be on board for buying rubles with a little risk capital.
Make Gitmo Great Again!!
Who gave the order to stop counting votes in the swing states on the night of November 3/4, 2020?
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Joined: Feb 2010
Posts: 16,103 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 16,103 Likes: 2 |
I have a handful of Pesos from our last excursion into Old Mexico. I’m sitting pretty in the diversity department! 
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Joined: Oct 2010
Posts: 7,725 Likes: 8
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2010
Posts: 7,725 Likes: 8 |
I have a handful of Pesos from our last excursion into Old Mexico. That is more than most Mexicans have!
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Joined: Nov 2004
Posts: 10,027 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: Nov 2004
Posts: 10,027 Likes: 3 |
I have 500 trillion Zimbabwe dollars.
Bb
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Joined: Jun 2002
Posts: 131,798 Likes: 23
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,798 Likes: 23 |
I have 500 trillion Zimbabwe dollars.
Bb If you had 1,000 trillion, you could buy a Latte Grande at Starbucks.
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Joined: Dec 2013
Posts: 13,127 Likes: 7
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2013
Posts: 13,127 Likes: 7 |
I'd be on board for buying rubles with a little risk capital. The Ruble is the strongest currency in the world this year.
Patriotism (and religion) is the last refuge of a scoundrel.
Jesus: "Take heed that no man deceive you."
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Joined: Jun 2002
Posts: 131,798 Likes: 23
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,798 Likes: 23 |
I'd be on board for buying rubles with a little risk capital. The Ruble is the strongest currency in the world this year. Thanks to Biden.
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Joined: Dec 2005
Posts: 3,758
Campfire Tracker
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Campfire Tracker
Joined: Dec 2005
Posts: 3,758 |
I have a $1 BiWi( british west indies). I’m set for the crash!
Last edited by Old Ornery; 06/20/22.
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Joined: Nov 2004
Posts: 10,027 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: Nov 2004
Posts: 10,027 Likes: 3 |
I have 500 trillion Zimbabwe dollars.
Bb If you had 1,000 trillion, you could buy a Latte Grande at Starbucks. Those bills are bringing around $200 in apmex these days. I brought back stacks of them in 2008 and gave them away as gag gifts. Now the jokes on me because they are worth a bit to collectors. Bb
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Joined: May 2003
Posts: 20,494
Campfire Ranger
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Campfire Ranger
Joined: May 2003
Posts: 20,494 |
I have a prime minister that I would gladly give away for nothing. That would seriously repair the Canadian economy.
"Keep thy heart with all diligence; for out of it are the issues of life." (Prov 4:23)
Brother Keith
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Joined: May 2008
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Campfire Tracker
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Campfire Tracker
Joined: May 2008
Posts: 5,185 Likes: 7 |
Anyone buying one or more foreign currencies as an alternative to the petrodollar collapsing? I've got three 1 pound English coins. Does that count? Damn! Those are heavy coins! 😎
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Joined: Jun 2002
Posts: 131,798 Likes: 23
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,798 Likes: 23 |
I have 500 trillion Zimbabwe dollars.
Bb If you had 1,000 trillion, you could buy a Latte Grande at Starbucks. Those bills are bringing around $200 in apmex these days. I brought back stacks of them in 2008 and gave them away as gag gifts. Now the jokes on me because they are worth a bit to collectors. Bb Yeah, I know. Collector value. Like you say, at one time you could get them cheap.
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Joined: Jun 2002
Posts: 131,798 Likes: 23
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,798 Likes: 23 |
Anyone buying one or more foreign currencies as an alternative to the petrodollar collapsing? I've got three 1 pound English coins. Does that count? Damn! Those are heavy coins! 😎 LOL. Yep. I think they got the name pound because a pound used to actually be 16 oz or silver. Yeah, just looked it up: "The pound was a unit of currency as early as 775AD in Anglo-Saxon England, equivalent to 1 pound weight of silver."
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Joined: Dec 2021
Posts: 3,541 Likes: 3
Campfire Tracker
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Campfire Tracker
Joined: Dec 2021
Posts: 3,541 Likes: 3 |
I've got a couple of silver Canadian Mapleleafs! Does that count? https://www.jmbullion.com/?gclid=Cj...S-1Wj16xtLhp7Yd2455EaqADURBoCwlIQAvD_BwEWhen purchasing gold/silver coinage, purchase products that show monetary value in another country. I usually buy Canadian, Austrian or Australian. Got a few Mexican "Libertad" coins. 1) non monetary coins are never worth more than their weight 2) American Eagle coins are too expensive in my opinion.. 3) if a coin is stamped United States of America, it can be construed as belonging to the government--- and they can demand it be relinquished 4) foreign (Canadian) currency can't be claimed by the American government You may have earned that dollar, but you've only earned the tight to "hold" that dollar. The currency itself, belongs to the government.
Last edited by martinstrummer; 06/20/22.
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