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(Billings Gazette)   Montana state senator asks to be paid in gold and silver as he's worried about the dollar collapsing. No word on if he'll accept beaver pelts, black powder, buffalo robes, etc   (billingsgazette.com) divider line 81
    More: Dumbass, Columbia Falls, state senators, top hats  
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947 clicks; posted to Politics » on 13 Nov 2012 at 4:48 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-11-13 05:45:57 PM  

WizardofToast: I'm not an economics guy but I cannot see how anything could work if we transfer to gold standard. The price of gold an ounce is insane. How would I pay for a gumball? They couldn't dare kick down the price of gold or all the gold investors would riot.


We could pin the dollar to a certain weight of gold. Say a dollar is worth 1/1000th of an ounce, for example. That would make a penny 1/100000th of an ounce.
If the US switched to the gold standard it would throw the entire world into turmoil so it isn't going to happen... well amongst other reasons
 
2012-11-13 05:47:19 PM  

aevert: Beaver1224: I am unclear how useful gold will be if the economy (or society) collapses. Will stores will accept gold as currency? Somehow I doubt it.

And how in the hell are you supposed to subdivide a gold coin?


with paper currency and low value metal coins acting as "receipts" for gold. Of course that requires some semblance of a banking structure
 
2012-11-13 05:49:41 PM  

mediablitz: We aren't ALL redneck idiots.


Some of you are dental floss tycoons?

I keed! I'mma keedder!

I know you guys aren't all Yosemite Sam levels of redneck idiot and on that front Goldbug McBugfark's shenanigans here really aren't helping dispel that negative stereotype caricature AT ALL.

[nothelping]
 
2012-11-13 05:54:05 PM  

Ab3: Is this one of those threads where they post pictures of that idiot that turned his skin blue???

I love those...


news.bbc.co.uk
 
2012-11-13 05:54:47 PM  
I'd love to see him do this and then watch as the precious metals bubble finally collapses.
 
2012-11-13 06:04:54 PM  
No word on if he'll accept beaver pelts, black powder, buffalo robes, etc

If offered, he'd be wise to take them.
 
2012-11-13 06:08:09 PM  
Since you can't EAT gold, it's essentially useless should society collapse.
 
Ab3
2012-11-13 06:14:35 PM  

UNC_Samurai: Ab3: Is this one of those threads where they post pictures of that idiot that turned his skin blue???

I love those...

[news.bbc.co.uk image 315x180]


Wow.

He really blue himself...
 
2012-11-13 06:15:03 PM  
1. Pay it in silver, in one lump sum, out of the blue.
2. Watch the jackass get robbed, and have no recourse.
3. Loss!!!!
 
2012-11-13 06:27:21 PM  

Beaver1224: I am unclear how useful gold will be if the economy (or society) collapses. Will stores will accept gold as currency? Somehow I doubt it.


Sure, if things are really, really bad, I doubt any rational person will barter useful things for anything but other useful things (canned goods for ammo, that sort of thing). But after the fall, when some sort of commerce begins to form again, precious metals are likely to become a medium of exchange as they have in every society in history at some point.

Alternatively, if society hasn't collapsed but the currency is suffering from double-digit inflation (or worse, like Wiemar Germany), precious metals will hold onto their value better than currency will. I could indeed see some merchant being happy to accept a gold or silver coin of known weight and composition instead of currency that will lose value if it isn't spent immediately. Also, any hoarded gold and silver could be converted back into currency after the insanity is over, or into the currency of other countries that aren't suffering economic collapse.

In the early days of the USA, a number of other countries' coins were in use in the US. The Dutch Thaler was a popular one, and our "dollar" is named after it. But Spanish "pieces of eight" also saw some use, and of course British pounds. Back when coins were valued according to their metallic content, they had value even if the local government had not issued them.
 
2012-11-13 06:33:01 PM  

SixOfDLoC: Since you can't EAT gold, it's essentially useless should society collapse.


It would make pretty good fishing sinkers.
 
2012-11-13 06:49:31 PM  
WTF. Only gold (and maybe silver) could be precious. Calling beaver pelts, black powder, buffalo robes precious would be just wrong. My precious.

i49.photobucket.com
 
2012-11-13 06:56:47 PM  

aevert: Beaver1224: I am unclear how useful gold will be if the economy (or society) collapses. Will stores will accept gold as currency? Somehow I doubt it.

And how in the hell are you supposed to subdivide a gold coin?


Same way they did it back in the olden days, cut pieces off it. They'd cut a dollar coin into eight pieces, or bits. Hence a quarter is two bits.
 
2012-11-13 07:05:14 PM  
It'd be hilarious if the state actually did this, just to watch him eventually have to sell it off to some shady gold-buying place for 60% of it's value to make his mortgage.
 
2012-11-13 07:29:33 PM  

Dead for Tax Reasons: [2.bp.blogspot.com image 400x394]

is this the guy in question?


Actually, he looks more like this:

kol.coldfront.net
 
2012-11-13 07:39:11 PM  

stevetherobot: aevert: Beaver1224: I am unclear how useful gold will be if the economy (or society) collapses. Will stores will accept gold as currency? Somehow I doubt it.

And how in the hell are you supposed to subdivide a gold coin?

Same way they did it back in the olden days, cut pieces off it. They'd cut a dollar coin into eight pieces, or bits. Hence a quarter is two bits.


Pieces of....eight? You're saying we all need to become pirates again?
 
2012-11-13 07:49:44 PM  

BarkingUnicorn: Beaver1224: I am unclear how useful gold will be if the economy (or society) collapses. Will stores will accept gold as currency? Somehow I doubt it.

I get blank stares every time I ask gold bugs that question.


It's even better if they're not buying the actual gold, but rather something like a gold-based mutual fund. Then you can follow up that question with things like "Okay, so now that we realize you've got no idea if gold will actually be worth anything or how this new economy will work, let's just pretend it's going to be as useful as you think. So now how do you intend to get your hands on this gold you supposedly own? Where's it actually located? How will you get there, being that there isn't any gasoline, and even if there is the gas station won't accept payment with anything but gold, which you don't have in your possession yet? What makes you think that the holder will actually give it up if the rule of law and our society has gone to shiat and it's the only thing that will buy goods? Why would they stay where they are knowing that thousands of panicked, desperate, and most likely armed people will be flooding to them in a state of hysteria? I know I'd just take all the gold and disappear as fast as possible, seeing that you can't tell the difference once you melt it down anyway."

/goldbugs are great
 
2012-11-13 08:25:00 PM  

Gyrfalcon: stevetherobot: aevert: Beaver1224: I am unclear how useful gold will be if the economy (or society) collapses. Will stores will accept gold as currency? Somehow I doubt it.

And how in the hell are you supposed to subdivide a gold coin?

Same way they did it back in the olden days, cut pieces off it. They'd cut a dollar coin into eight pieces, or bits. Hence a quarter is two bits.

Pieces of....eight? You're saying we all need to become pirates again?


Arrr, definitely.
 
2012-11-13 08:53:53 PM  
THIS is why my in-laws (in Wisconsin) are stocking up on guns and rabbits...
 
2012-11-13 09:36:18 PM  
Does he accept Hats and grandfather clocks?
 
2012-11-13 10:24:45 PM  

quatchi: Now I somehow imagine the floor of the Montana State Senate as having sawdust everywhere with half filled spittoons aplenty.

Prove me wrong.


Somehow, city boy, I get the feeling your "proof" requirements are going to be along the lines of what the birthers require out of Obama. But do, please, humor me with what your little toy brain would need in order to sort this out.
 
2012-11-13 10:40:01 PM  

MontanaDave: quatchi: Now I somehow imagine the floor of the Montana State Senate as having sawdust everywhere with half filled spittoons aplenty.

Prove me wrong.

Somehow, city boy, I get the feeling your "proof" requirements are going to be along the lines of what the birthers require out of Obama. But do, please, humor me with what your little toy brain would need in order to sort this out.


Well, there you have it, sawdust and spittoons.
 
2012-11-14 12:17:46 AM  

Beaver1224: I am unclear how useful gold will be if the economy (or society) collapses. Will stores will accept gold as currency? Somehow I doubt it.


You're not going to want gold. You're going to want lead.
 
2012-11-14 12:21:50 AM  
OK, so if the sky is falling and the dollar is about to go to hell and we'd all better hoard them gold coins, how come the likes of Goldline are accepting dollars as payment for their gold coins?
 
2012-11-14 12:47:47 AM  

Lee Jackson Beauregard: OK, so if the sky is falling and the dollar is about to go to hell and we'd all better hoard them gold coins, how come the likes of Goldline are accepting dollars as payment for their gold coins?


In God We Trust...all others pay cash.
 
2012-11-14 01:40:42 AM  
I'm buying up vintage 1923 Reichmarks for the big collapse.

/Am I doing it Reich?
 
2012-11-14 04:41:44 AM  
Payment in silver?

Hm. Would twenty pieces suffice?
 
2012-11-14 08:52:38 AM  

Gyrfalcon: stevetherobot: aevert: Beaver1224: I am unclear how useful gold will be if the economy (or society) collapses. Will stores will accept gold as currency? Somehow I doubt it.

And how in the hell are you supposed to subdivide a gold coin?

Same way they did it back in the olden days, cut pieces off it. They'd cut a dollar coin into eight pieces, or bits. Hence a quarter is two bits.

Pieces of....eight? You're saying we all need to become pirates again?


And yet libs say conservatives have no plan to combat global warming.....
 
2012-11-14 10:20:32 AM  

Lee Jackson Beauregard: Beaver1224: I am unclear how useful gold will be if the economy (or society) collapses. Will stores will accept gold as currency? Somehow I doubt it.

You're not going to want gold. You're going to want lead.


especially if you're an alchemist
 
2012-11-14 07:43:32 PM  
Hellfire!

We just kicked our county's secessionist-gold-crazy nutbag outta the legislature.

I swear--we got us a Hydra o' Crazy here in the Great State of Montana.
 
2012-11-15 12:36:29 AM  

quatchi: mediablitz: We aren't ALL redneck idiots.

Some of you are dental floss tycoons?

I keed! I'mma keedder!

I know you guys aren't all Yosemite Sam levels of redneck idiot and on that front Goldbug McBugfark's shenanigans here really aren't helping dispel that negative stereotype caricature AT ALL.

[nothelping]


I attended the "meet the new representatives" luncheon. He was there. I didn't get a chance to talk to him. I really, REALLY wanted to say "so I hear you're really into jewelry". You know, just to start the conversation...
 
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