A new kind of banking - Nubblies.net Forums

Chief Tendercock · 02-24-2009, 09:21 AM

Free Lakota Banking

I just thought you guys might want to check this out. Basically when you deposit money into your account here, they transfer it to gold/silver and store it in there vaults. Then when you take money out, you receive it as an AOCS (silver coins) and convert it to x currency at x rates.

Its a great way to find a secure way to invest your money in this unstable economy.

angry pancake · 02-24-2009, 09:26 AM

first

TwoBlackEyes · 02-24-2009, 10:08 AM

The "stability" of precious metals is crap. Gold and silver have NO intrinsic value. Only the inflated value caused by a bustling world economy that lets us afford shiny pretty things. They are no more "real money" than paper.

If the economy ever got bad enough that we had to really worry, no one would be buying gold or silver for any price. They'd be buying food, salt and ammunition. But no starving man anywhere on Earth is gonna trade you even a ham sandwich for a pound of gold.

vaga1220 * · 02-24-2009, 10:19 AM

Quote:

Originally Posted by TwoBlackEyes

But no starving man anywhere on Earth is gonna trade you even a ham sandwich for a pound of gold.

I wish I knew this last night. It would've saved me about 2 hours of negotiating.

02-24-2009, 09:21 AM	#1 (permalink)
Chief Tendercock Junior Member Join Date: Feb 2009 Posts: 4 Internets: 5	A new kind of banking Free Lakota Banking I just thought you guys might want to check this out. Basically when you deposit money into your account here, they transfer it to gold/silver and store it in there vaults. Then when you take money out, you receive it as an AOCS (silver coins) and convert it to x currency at x rates. Its a great way to find a secure way to invest your money in this unstable economy.

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02-24-2009, 10:08 AM	#3 (permalink)
TwoBlackEyes Been told twice Join Date: Jan 2009 Posts: 312 Internets: 1299	The "stability" of precious metals is crap. Gold and silver have NO intrinsic value. Only the inflated value caused by a bustling world economy that lets us afford shiny pretty things. They are no more "real money" than paper. If the economy ever got bad enough that we had to really worry, no one would be buying gold or silver for any price. They'd be buying food, salt and ammunition. But no starving man anywhere on Earth is gonna trade you even a ham sandwich for a pound of gold.