I got a new gold coin!

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I got a new gold coin!

#1 Unread post by Gam3rBlake »

It’s been quite a while since I purchased a gold coin so I’m super excited that I got one today :)

Very common date but it’s still a cool coin I think.

It’s so crazy to think all that gold was only $10 back then and that $10 was such a huge sum of money.
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Re: I got a new gold coin!

#2 Unread post by SensibleSal66 »

Cool coin. One of my all time favorites !
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Re: I got a new gold coin!

#3 Unread post by Mrweaseluv »

Beautiful! I got 2 2.5s and 1 5... the 10 is next on my list, but not anytime soon lol :D
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Re: I got a new gold coin!

#4 Unread post by Triple C »

Awesome coin! Congrats! 👍

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Re: I got a new gold coin!

#5 Unread post by Paul »

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Re: I got a new gold coin!

#6 Unread post by Coin Mule »

Hey G nice coin in really nice grade congrats
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Re: I got a new gold coin!

#7 Unread post by USSID18 »

Golden!!
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Re: I got a new gold coin!

#8 Unread post by Daniel »

Nice!

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Re: I got a new gold coin!

#9 Unread post by Jerseyb »

Congrats on a great coin. I bought a 1932 a month or so ago myself.

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Re: I got a new gold coin!

#10 Unread post by silverbul »

just some things you could buy when money was real.Shoulder of Ohio Spring lamb 17 cents per pound Ohio 1932 Sliced Baked Ham 39 cents per pound Ohio 1932 Dozen Eggs 18 Cents Ohio 1932 Bananas 19 cents for 4 Pounds Ohio 1932 Chuck Roast 15 cents per pound Ohio 1932 White Potatoes 19 cents for 10LBs Ohio 1932 Spring Chickens 20 cents per pound Ohio 1932 Peanut Butter 23 cents QT Ohio 1932 Heinz Beans 13 cents for 25oz can Ohio 1932. today i can get almost 3 gallons of gas, hooray.

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Re: I got a new gold coin!

#11 Unread post by Jasonkflo »

LOVE IT

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Re: I got a new gold coin!

#12 Unread post by JTCC »

Good looking coin you got there! Sadly don’t personally have a gold coin in my collection, yet.
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Re: I got a new gold coin!

#13 Unread post by Justice41ca »

Nice! Very Nice... Good for you.
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Re: I got a new gold coin!

#14 Unread post by Gam3rBlake »

Mrweaseluv wrote: Fri Dec 03, 2021 2:22 am Beautiful! I got 2 2.5s and 1 5... the 10 is next on my list, but not anytime soon lol :D
I got a $2.5 too!

Just need a $5 one lol xD
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Re: I got a new gold coin!

#15 Unread post by Gam3rBlake »

silverbul wrote: Fri Dec 03, 2021 11:35 pm just some things you could buy when money was real.Shoulder of Ohio Spring lamb 17 cents per pound Ohio 1932 Sliced Baked Ham 39 cents per pound Ohio 1932 Dozen Eggs 18 Cents Ohio 1932 Bananas 19 cents for 4 Pounds Ohio 1932 Chuck Roast 15 cents per pound Ohio 1932 White Potatoes 19 cents for 10LBs Ohio 1932 Spring Chickens 20 cents per pound Ohio 1932 Peanut Butter 23 cents QT Ohio 1932 Heinz Beans 13 cents for 25oz can Ohio 1932. today i can get almost 3 gallons of gas, hooray.
Fiat money is better for debtors. With inflation people can pay back debtors over time with lesser valued dollars as the dollar loses value every year to inflation.

Mortgages are a great example. Let’s say you took out a 30 year mortgage back in 1990 for $300,000. Your monthly payment is $1,500. Well $1,500 in 1990 was worth much more than $1,500 today. It’s true there is interest but but that’s true of any loan.

I used to strongly believe we should return to hard currency until I learned how many problems it causes.

If COVID or the Great Recession hit and we were on a gold standard it would’ve made them both much worse.

The stimulus checks alone would mean the government would have to buy like 300 million oz of gold to back up.
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Re: I got a new gold coin!

#16 Unread post by JTCC »

Gam3rBlake wrote: Mon Dec 06, 2021 4:25 pm
silverbul wrote: Fri Dec 03, 2021 11:35 pm just some things you could buy when money was real.Shoulder of Ohio Spring lamb 17 cents per pound Ohio 1932 Sliced Baked Ham 39 cents per pound Ohio 1932 Dozen Eggs 18 Cents Ohio 1932 Bananas 19 cents for 4 Pounds Ohio 1932 Chuck Roast 15 cents per pound Ohio 1932 White Potatoes 19 cents for 10LBs Ohio 1932 Spring Chickens 20 cents per pound Ohio 1932 Peanut Butter 23 cents QT Ohio 1932 Heinz Beans 13 cents for 25oz can Ohio 1932. today i can get almost 3 gallons of gas, hooray.
Fiat money is better for debtors. With inflation people can pay back debtors over time with lesser valued dollars as the dollar loses value every year to inflation.

Mortgages are a great example. Let’s say you took out a 30 year mortgage back in 1990 for $300,000. Your monthly payment is $1,500. Well $1,500 in 1990 was worth much more than $1,500 today. It’s true there is interest but but that’s true of any loan.

I used to strongly believe we should return to hard currency until I learned how many problems it causes.

If COVID or the Great Recession hit and we were on a gold standard it would’ve made them both much worse.

The stimulus checks alone would mean the government would have to buy like 300 million oz of gold to back up.
but it prevents inflation?
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Re: I got a new gold coin!

#17 Unread post by Gam3rBlake »

JTCC wrote: Mon Dec 06, 2021 4:42 pm
Gam3rBlake wrote: Mon Dec 06, 2021 4:25 pm
silverbul wrote: Fri Dec 03, 2021 11:35 pm just some things you could buy when money was real.Shoulder of Ohio Spring lamb 17 cents per pound Ohio 1932 Sliced Baked Ham 39 cents per pound Ohio 1932 Dozen Eggs 18 Cents Ohio 1932 Bananas 19 cents for 4 Pounds Ohio 1932 Chuck Roast 15 cents per pound Ohio 1932 White Potatoes 19 cents for 10LBs Ohio 1932 Spring Chickens 20 cents per pound Ohio 1932 Peanut Butter 23 cents QT Ohio 1932 Heinz Beans 13 cents for 25oz can Ohio 1932. today i can get almost 3 gallons of gas, hooray.
Fiat money is better for debtors. With inflation people can pay back debtors over time with lesser valued dollars as the dollar loses value every year to inflation.

Mortgages are a great example. Let’s say you took out a 30 year mortgage back in 1990 for $300,000. Your monthly payment is $1,500. Well $1,500 in 1990 was worth much more than $1,500 today. It’s true there is interest but but that’s true of any loan.

I used to strongly believe we should return to hard currency until I learned how many problems it causes.

If COVID or the Great Recession hit and we were on a gold standard it would’ve made them both much worse.

The stimulus checks alone would mean the government would have to buy like 300 million oz of gold to back up.
but it prevents inflation?
Yeah but inflation isn’t bad. High inflation is bad. Deflation is bad too. I think I read somewhere that economists think that about 2% is a good inflation rate.

But besides that the simple fact of the matter is that there isn’t enough gold and silver in the world to serve as money. Heck look at how high the price of gold is now. It’s insane. Imagine what would happen if countries started needing gold for currency. Demand would skyrocket! Gold would shoot to like $5,000/oz.
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Re: I got a new gold coin!

#18 Unread post by Justice41ca »

Gam3rBlake wrote: Mon Dec 06, 2021 4:57 pm
JTCC wrote: Mon Dec 06, 2021 4:42 pm
Gam3rBlake wrote: Mon Dec 06, 2021 4:25 pm
silverbul wrote: Fri Dec 03, 2021 11:35 pm just some things you could buy when money was real.Shoulder of Ohio Spring lamb 17 cents per pound Ohio 1932 Sliced Baked Ham 39 cents per pound Ohio 1932 Dozen Eggs 18 Cents Ohio 1932 Bananas 19 cents for 4 Pounds Ohio 1932 Chuck Roast 15 cents per pound Ohio 1932 White Potatoes 19 cents for 10LBs Ohio 1932 Spring Chickens 20 cents per pound Ohio 1932 Peanut Butter 23 cents QT Ohio 1932 Heinz Beans 13 cents for 25oz can Ohio 1932. today i can get almost 3 gallons of gas, hooray.
Fiat money is better for debtors. With inflation people can pay back debtors over time with lesser valued dollars as the dollar loses value every year to inflation.

Mortgages are a great example. Let’s say you took out a 30 year mortgage back in 1990 for $300,000. Your monthly payment is $1,500. Well $1,500 in 1990 was worth much more than $1,500 today. It’s true there is interest but but that’s true of any loan.

I used to strongly believe we should return to hard currency until I learned how many problems it causes.

If COVID or the Great Recession hit and we were on a gold standard it would’ve made them both much worse.

The stimulus checks alone would mean the government would have to buy like 300 million oz of gold to back up.
but it prevents inflation?
Yeah but inflation isn’t bad. High inflation is bad. Deflation is bad too. I think I read somewhere that economists think that about 2% is a good inflation rate.

But besides that the simple fact of the matter is that there isn’t enough gold and silver in the world to serve as money. Heck look at how high the price of gold is now. It’s insane. Imagine what would happen if countries started needing gold for currency. Demand would skyrocket! Gold would shoot to like $5,000/oz.
I think it should have stayed the way it was. Reason is we should only spend what we have. If we did, we wouldn't be in the debt we are in. I don't know I just come from an age that if you wanted something you wait till afford it. Besides it makes me mad that we hand over the Federal Reserve only to have to pay all the fees extra. Maybe we would think twice before rebuilding other places before we rebuild our own. Bottom line is our money was actually worth more before. I know that will confuse you maybe. I will give an example. 1977 I made .20 cents over min wage. I supported my kids on my own with no help. Had a nice apartment and new car. Always food on the table etc. Now is 2021 if I only made .20 over min wage, I would be homeless. So, I think it was better when our money was backed by gold. Because it isn't worth anything now. Just saying..... only an opinion. :) Jeanne
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Re: I got a new gold coin!

#19 Unread post by Daniel »

Money back by gold means the government controls how much gold each person owns and how much that gold is worth, so you think the government is into your finances now? A gold standard is worse.

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Re: I got a new gold coin!

#20 Unread post by Gam3rBlake »

Justice41ca wrote: Mon Dec 06, 2021 7:54 pm
Gam3rBlake wrote: Mon Dec 06, 2021 4:57 pm
JTCC wrote: Mon Dec 06, 2021 4:42 pm
Gam3rBlake wrote: Mon Dec 06, 2021 4:25 pm
silverbul wrote: Fri Dec 03, 2021 11:35 pm just some things you could buy when money was real.Shoulder of Ohio Spring lamb 17 cents per pound Ohio 1932 Sliced Baked Ham 39 cents per pound Ohio 1932 Dozen Eggs 18 Cents Ohio 1932 Bananas 19 cents for 4 Pounds Ohio 1932 Chuck Roast 15 cents per pound Ohio 1932 White Potatoes 19 cents for 10LBs Ohio 1932 Spring Chickens 20 cents per pound Ohio 1932 Peanut Butter 23 cents QT Ohio 1932 Heinz Beans 13 cents for 25oz can Ohio 1932. today i can get almost 3 gallons of gas, hooray.
Fiat money is better for debtors. With inflation people can pay back debtors over time with lesser valued dollars as the dollar loses value every year to inflation.

Mortgages are a great example. Let’s say you took out a 30 year mortgage back in 1990 for $300,000. Your monthly payment is $1,500. Well $1,500 in 1990 was worth much more than $1,500 today. It’s true there is interest but but that’s true of any loan.

I used to strongly believe we should return to hard currency until I learned how many problems it causes.

If COVID or the Great Recession hit and we were on a gold standard it would’ve made them both much worse.

The stimulus checks alone would mean the government would have to buy like 300 million oz of gold to back up.
but it prevents inflation?
Yeah but inflation isn’t bad. High inflation is bad. Deflation is bad too. I think I read somewhere that economists think that about 2% is a good inflation rate.

But besides that the simple fact of the matter is that there isn’t enough gold and silver in the world to serve as money. Heck look at how high the price of gold is now. It’s insane. Imagine what would happen if countries started needing gold for currency. Demand would skyrocket! Gold would shoot to like $5,000/oz.
I think it should have stayed the way it was. Reason is we should only spend what we have. If we did, we wouldn't be in the debt we are in. I don't know I just come from an age that if you wanted something you wait till afford it. Besides it makes me mad that we hand over the Federal Reserve only to have to pay all the fees extra. Maybe we would think twice before rebuilding other places before we rebuild our own. Bottom line is our money was actually worth more before. I know that will confuse you maybe. I will give an example. 1977 I made .20 cents over min wage. I supported my kids on my own with no help. Had a nice apartment and new car. Always food on the table etc. Now is 2021 if I only made .20 over min wage, I would be homeless. So, I think it was better when our money was backed by gold. Because it isn't worth anything now. Just saying..... only an opinion. :) Jeanne
It’s true, as you say, “our money was actually worth more”.

But that’s just how inflation is. If you asked someone from 1908 they’d say that 1977 money isn’t worth what it used to be.

The main reason inflation is needed is for economic growth. Gold & silver limit how much wealth is in circulation at any given time. Once you run out of gold & silver to make coins you can’t make anymore money.

Also it’s REALLY important to have control over monetary policy. When a financial crisis hits the government needs to be able to spend more to get people back to work and get the economy pumping again.

With gold you can’t do that.

Governments need certain sovereign powers like that in order to protect the nation as a whole.

The Great Depression for example was worsened by the fact that people saved & hoarded gold & silver coins rather than spend them which slowed the economy down and led to more people saving their money.

That’s actually why Roosevelt confiscated the gold from private citizens (up to 5 troy oz of gold was allowed). He saw that money needed to flow to stimulate the economy but his hands were tied by the gold standard.

Also think of FDIC insurance. The government wouldn’t be able to provide that insurance if they had to pay it out in gold & silver. Which means more bank runs would happen and more banks would go bankrupt which is bad for everyone.
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Re: I got a new gold coin!

#21 Unread post by Earle42 »

I think it should have stayed the way it was. Reason is we should only spend what we have. If we did, we wouldn't be in the debt we are in. I don't know I just come from an age that if you wanted something you wait till afford it. Besides it makes me mad that we hand over the Federal Reserve only to have to pay all the fees extra. Maybe we would think twice before rebuilding other places before we rebuild our own. Bottom line is our money was actually worth more before.
A lot of the problem is too many people nowadays do not remember what it was like for the average American family back when our money was worth something. People OWNED their houses without having to pay mortgages until they were 50-70 years old. People OWNED their cars. People did not have credit card debt. Typical Jobs paid enough to support a family with only the father working. People have always talked about things being expensive, but a lot of the services which used to be common are gone b/c companies cannot afford to pay employees. Something as simple as (and I remember this) a gas station could afford to pay a number of gas station attendants. So while one was filling your tank, another was cleaning your windshield, back window, and checking your oil/ fluids for you. This was all just standard service with no extra fees.

My one Grandfather was not college educated. He worked at a local spring factory as well as had his own (local town) "Hillbilly Orchestra." He was considered an average working man's income for the day. He was married in 1927 and sometime before 1947 had paid off his house and owned his vehicles. He took the family to Florida in summer of 1947 b/c he wanted to live there. He bought a trailer home (nowadays we would call them a camper) and they lived in a car trailer home park until December while he was trying to get a new band together and make a go of that.

Although the band was on the radio, my Grandfather's goal was not reached, and he moved back to NW PA. He had enough left in the bank that he renovated/refinished his entire house (himself), and he then built a large machine shop on the premises and opened up his own machining business.

My Dad was a truck driver. He had plans drawn up for the house I grew up in. He paid to have it built. When this started out he was a grocery store manager for IGA. He got a job driving truck for Pepsi not long after the house was built. The house as paid off in ~15 years. Mom was a stay at home mother for us three kids. We never lacked for anything we needed. And my dad also owned every vehicle he has ever had. So after about 20 years of marriage, he was out of debt and his paycheck was no longer going into some credit company or bank. This WAS America,

We cannot relate to this lifestyle anymore b/c we all have grown up in an age where the government was given too much control, the American economy has turned into one of debt, and the above scenarios are no longer within the grasp of the average citizen.

And...my Grandfather on the other side of the family has a similar story as well. Both Grandfathers were born into fairly poor families, and yet the opportunities for the average man were so very much greater back then.

And...btw - I have lived by their philosophy of waiting until I could afford something. I am 59, other than finishing off the mortgage (obviously not under the same system America was made of as my Dad and Grandfathers!), I have no debt.
I own my two cars - which are not the newest and most electronically decked out models (thankfully - less to go wrong!), but I have always OWNED my vehicles. A little homework and learning to be self sufficient for repairs etc. means I have output nowhere near what someone leasing a vehicle has to put out yearly and my cars are just as reliable. This mindset has made me debt free, and I now own a lot of extra things (like machines for a well equipped woodworking shop, more tools than I can use for any purpose, and now I have started to get some serious machinery for metal working as well - bought and paid for).

Imagine owning everything you have and use! That is what it was like before the government got to control our lives/money by being able to print as much as they want out of thin air. Now it takes mother and father working jobs to make a go of it. Most people go to college and come out owing their souls for student loans, and since their major was a useless "underwater basket weaving" type major, they end up flipping burgers and owing even more.

So is the money system we are under as good as the people before us had it? Well, if it is, I'd go for the worse older system any time.
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Re: I got a new gold coin!

#22 Unread post by Justice41ca »

Daniel wrote: Mon Dec 06, 2021 8:05 pm Money back by gold means the government controls how much gold each person owns and how much that gold is worth, so you think the government is into your finances now? A gold standard is worse.
No! Your right I didn't look at it that way..... I am certain I don't want them controlling anything else. Thanks for that incite.
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Re: I got a new gold coin!

#23 Unread post by Justice41ca »

Earle42 wrote: Tue Dec 07, 2021 12:48 am
I think it should have stayed the way it was. Reason is we should only spend what we have. If we did, we wouldn't be in the debt we are in. I don't know I just come from an age that if you wanted something you wait till afford it. Besides it makes me mad that we hand over the Federal Reserve only to have to pay all the fees extra. Maybe we would think twice before rebuilding other places before we rebuild our own. Bottom line is our money was actually worth more before.
A lot of the problem is too many people nowadays do not remember what it was like for the average American family back when our money was worth something. People OWNED their houses without having to pay mortgages until they were 50-70 years old. People OWNED their cars. People did not have credit card debt. Typical Jobs paid enough to support a family with only the father working. People have always talked about things being expensive, but a lot of the services which used to be common are gone b/c companies cannot afford to pay employees. Something as simple as (and I remember this) a gas station could afford to pay a number of gas station attendants. So while one was filling your tank, another was cleaning your windshield, back window, and checking your oil/ fluids for you. This was all just standard service with no extra fees.

My one Grandfather was not college educated. He worked at a local spring factory as well as had his own (local town) "Hillbilly Orchestra." He was considered an average working man's income for the day. He was married in 1927 and sometime before 1947 had paid off his house and owned his vehicles. He took the family to Florida in summer of 1947 b/c he wanted to live there. He bought a trailer home (nowadays we would call them a camper) and they lived in a car trailer home park until December while he was trying to get a new band together and make a go of that.

My Dad was a truck driver. He had plans drawn up for the house I grew up in. He paid to have it built. When this started out he was a grocery store manager for IGA. He got a job driving truck for Pepsi not long after the house was built. The house as paid off in ~15 years. Mom was a stay at home mother for us three kids. We never lacked for anything we needed. And my dad also owned every vehicle he has ever had. So after about 20 years of marriage, he was out of debt and his paycheck was no longer going into some credit company or bank. This WAS America,

Although the band was on the radio, his goal was not reached and he moved back to NW PA. He had enough left in the bank that he renovated/refinished his entire house (himself) and he then built a large machine shop on the premises and opened up his own machining business.

We cannot relate to this anymore b/c we all have grown up in an age where the government was given too much control, the American economy has turned into one of debt, and the above is no longer within the grasp of the average citizen. And...my Grandfather on the other side of the family has a similar story as well. Both were born into fairly poor families, and yet the opportunities for the average man were so very much greater back then.

And...btw - I have lived by their philosophy of waiting until I could afford something. I am 59, other than finishing off the mortgage (obviously not under the same system America was made of as my dad and grandfathers!), I have no debt.
I own my two cars - which are not the newest and most electronically decked out models (thankfully - less to go wrong!), but I have always OWNED my vehicles. A little homework and learning to be self sufficient for repairs etc. means I have output nowhere near what someone leasing a vehicle has to put out yearly and my cars are just as reliable. This mindset has made me debt free, and I now own a lot of extra things now (like machines for a well equipped woodworking shop, more tools than I can use for any purpose, and now I have started to get some serious machinery for metal working as well - bought and paid for).

Imagine owning everything you have and use! That is what it was like before the government got to control our lives/money by being able to print as much as they want out of thin air. Now it takes mother and father working jobs to make a go of it. Most people go to college and come out owing their souls for student loans, and since their major was a useless "underwater basket weaving" type major, they end up flipping burgers and owing even more.

So is the money system we are under as good as the people before us had it? Well, if it is, I'd go for the worse older system any time.
That's what I was thinking and foolishly thought gold would make the difference. I do remember when my mom would pull up at the gas station (Joe's Texaco) Joe himself would come out and fill the car and talk to us kids. I am a few years older than you. I can honestly say I saw a big change in the cost of living in a very few short years. As I said I always supported us with no help. Your famous saying "fed a man a fish" stopped being the lesson people were taught. I always go back to the late 70's but even sooner than that 2006 you could still afford a nice 3 bed 2 bath with fireplace and back yard for $625 month. I know I moved out of one when I had to take care of my dad. Imagine my surprise when I went to rent a place after he passed, and I was lucky to get a 2 bedroom for $900. that was in a matter of a couple of years. My Mom and Dad bought the house when I was 13 paid $16500. When I went to buy a house, it was outrageous. They brought to my attention that gold being the standard would bring more government control and I don't want that. As I said our leaders have created a mindset that everything should be free, schools and colleges are not teaching that Nothing is Free! I live in CA, and you don't see it on the news, but our homeless population has increase at least 30% since the shutdown. Which to me is a lot because when I was growing up in the Inland Empire, I never saw a homeless person. The media is not honest about what is happening. I saw a man in his late 80's with his wife and two dogs, you could tell they had just become homeless because they tried to pitch the tent under an overpass on a back street. I get so mad when people say the homeless want to be homeless. True some do but not the others. It just takes one illness, or some other big event and it happens. Once you are there it would be hard to get out. I can't say that if that happened to me, I wouldn't start drinking or something. I pray I never have to find out. So, NO to gold if the government get more control.
Jeanne

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Re: I got a new gold coin!

#24 Unread post by Earle42 »

AS i Get older i See how the marxist plan to kill America has been implemented the very way they said it would be done.
I feel so sad we have lost so very much. Yet the younger generations do not see it b/c their "toys" are fancier and so they think they have it made and things have never been better...while being in debt for the rest of their lives.
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Re: I got a new gold coin!

#25 Unread post by DSCoins »

I can't remember who wrote it, but you should read the book 1984. After you finish it, compare it to what is going on today (scarry).
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#26 Unread post by Earle42 »

George Orwell. I used to have my students read it.
Orwell's book was a response to the socialism (welfare and social security) put into play (against public wishes, BTW) by FDR. Orwell flipped the last two digits for the title thinking it would all come to a head by 1984.
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Re: I got a new gold coin!

#27 Unread post by Mrweaseluv »

Just to get the post back on track... :D here's My $2.5 indian (the other is a liberty head) This was my 1st US gold... love these coins (the $10 is still my favorite even over the 20... someday lol)
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Re: I got a new gold coin!

#28 Unread post by silverbul »

I'L wait for the movie to come out.

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Re: I got a new gold coin!

#29 Unread post by JTCC »

I did read the book 1984, about two years ago, when I was still in China. A legal immigrant(still in progress though) here. as a twelve-year old, because some uhh, incidents, had gone though a lot in china, some that I might never tell. it's truely a communist hellhole. Barely made out of there, alive. Came here in the States, hopeful for a country under God, clean of communism and socialism, a place for a new beginning. nope, got here near the end of 2020, found myself in a society that's less religious, and laced with the teachings of the red. Sad to see a once great country deteriorate to it's current state. hopefully it's people would wake up one day, and realize what's actually going on than what's told on mainstream media and large social medias. May God bless the USA.
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#30 Unread post by Earle42 »

Love the Indian!
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#31 Unread post by Earle42 »

Love the Indian!
Common grading company shortcomings & resulting co$tly mi$take$ to collectors (using Kennedy No FG halves):
https://tinyurl.com/y7rksxu8

How much squash would a sasquatch squash if a sasquatch would squash squash?

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Re: I got a new gold coin!

#32 Unread post by richard560729 »

Thank you for sharing !!

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Re: I got a new gold coin!

#33 Unread post by Justice41ca »

Do you all remember Paul Harvey? His Radio broadcast is on u-tube It is called "If I were the devil" it was broadcasted in 1965 you are not going to believe it..... go listen take 3 mins.

Back to the coin. It is very nice. I hope you get the other one soon.
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Re: I got a new gold coin!

#34 Unread post by Gam3rBlake »

Earle42 wrote: Tue Dec 07, 2021 12:48 am
I think it should have stayed the way it was. Reason is we should only spend what we have. If we did, we wouldn't be in the debt we are in. I don't know I just come from an age that if you wanted something you wait till afford it. Besides it makes me mad that we hand over the Federal Reserve only to have to pay all the fees extra. Maybe we would think twice before rebuilding other places before we rebuild our own. Bottom line is our money was actually worth more before.
A lot of the problem is too many people nowadays do not remember what it was like for the average American family back when our money was worth something. People OWNED their houses without having to pay mortgages until they were 50-70 years old. People OWNED their cars. People did not have credit card debt. Typical Jobs paid enough to support a family with only the father working. People have always talked about things being expensive, but a lot of the services which used to be common are gone b/c companies cannot afford to pay employees. Something as simple as (and I remember this) a gas station could afford to pay a number of gas station attendants. So while one was filling your tank, another was cleaning your windshield, back window, and checking your oil/ fluids for you. This was all just standard service with no extra fees.

My one Grandfather was not college educated. He worked at a local spring factory as well as had his own (local town) "Hillbilly Orchestra." He was considered an average working man's income for the day. He was married in 1927 and sometime before 1947 had paid off his house and owned his vehicles. He took the family to Florida in summer of 1947 b/c he wanted to live there. He bought a trailer home (nowadays we would call them a camper) and they lived in a car trailer home park until December while he was trying to get a new band together and make a go of that.

Although the band was on the radio, my Grandfather's goal was not reached, and he moved back to NW PA. He had enough left in the bank that he renovated/refinished his entire house (himself), and he then built a large machine shop on the premises and opened up his own machining business.

My Dad was a truck driver. He had plans drawn up for the house I grew up in. He paid to have it built. When this started out he was a grocery store manager for IGA. He got a job driving truck for Pepsi not long after the house was built. The house as paid off in ~15 years. Mom was a stay at home mother for us three kids. We never lacked for anything we needed. And my dad also owned every vehicle he has ever had. So after about 20 years of marriage, he was out of debt and his paycheck was no longer going into some credit company or bank. This WAS America,

We cannot relate to this lifestyle anymore b/c we all have grown up in an age where the government was given too much control, the American economy has turned into one of debt, and the above scenarios are no longer within the grasp of the average citizen.

And...my Grandfather on the other side of the family has a similar story as well. Both Grandfathers were born into fairly poor families, and yet the opportunities for the average man were so very much greater back then.

And...btw - I have lived by their philosophy of waiting until I could afford something. I am 59, other than finishing off the mortgage (obviously not under the same system America was made of as my Dad and Grandfathers!), I have no debt.
I own my two cars - which are not the newest and most electronically decked out models (thankfully - less to go wrong!), but I have always OWNED my vehicles. A little homework and learning to be self sufficient for repairs etc. means I have output nowhere near what someone leasing a vehicle has to put out yearly and my cars are just as reliable. This mindset has made me debt free, and I now own a lot of extra things (like machines for a well equipped woodworking shop, more tools than I can use for any purpose, and now I have started to get some serious machinery for metal working as well - bought and paid for).

Imagine owning everything you have and use! That is what it was like before the government got to control our lives/money by being able to print as much as they want out of thin air. Now it takes mother and father working jobs to make a go of it. Most people go to college and come out owing their souls for student loans, and since their major was a useless "underwater basket weaving" type major, they end up flipping burgers and owing even more.

So is the money system we are under as good as the people before us had it? Well, if it is, I'd go for the worse older system any time.
People don’t have to take out those loans for college though. When they do it’s only right that they pay it back.

I joined the Army in 2008 specifically so I could afford college without owing money. So did many others I served with. Now they’re talking about getting rid of college debt which basically means we served years of our lives for nothing.

Military pay is very low. It’s the benefits like the GI Bill that are the real reason so many people serve.

I think those college debts should be paid back in full. College is a privilege.

However I do think there should be special loans with very low or zero interest in jobs that our country needs more of. Like doctors, nurses, teachers, engineers etc,.

But there should be higher rates for useless degrees like “underwater basket weaving” kind of degrees. A lot of those foo-foo degrees are just an excuse for a 4 year vacation after high school.

But not all debt is a bad thing. Credit card debt isn’t bad if you pay your bill in full every month. Not only is there zero interest but you actually get like 1-5% back.

Not so in the old days.

Debt is also needed for growth.

A farmer might need to go into debt to buy his equipment and supplies so he can began growing his crop. So the banks (people) loan it to him. In exchange he shares his bounty with those people by paying interest on the loan.

If we told him “NO loans for you” he could never become a farmer and that is bad for everyone.

I personally believe the problem we have today is people spending beyond their limits and using credit cards to do it. They want the newest phones, Starbucks every morning, and all kinds of things that they can’t afford and then they go into debt and can’t pay it off.
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Re: I got a new gold coin!

#35 Unread post by Earle42 »

I think those college debts should be paid back in full. College is a privilege.
Actually...and I can tell you would agree with me... I KNOW they should be paid back - NOT an option! Its all about character and personal responsibility...and you show you have it!👍

BTW - I am a former teacher & principal from different Christian schools. You obviously have had a good education b/c you understand the system as it actually should be.

Everything you say above I fully agree with (and taught my students/kids as well). Well, the farmer you mention, I call that investment b/c he has every intention and the means to pay it back when he takes out the loan. You are right again, that kind of "debt" is what also grows the economy in a good way.

And...BTW...a heartfelt thank you for your service👍 I make it a habit to thank every vet or enlisted person I encounter. I wish everyone understood and did the same (and no, I did not serve).
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Re: I got a new gold coin!

#36 Unread post by Justice41ca »

HI,
You both are spot on. I do need to add something. Doctors are leaving and new ones are fewer every year. Reason not the debt they pay for the education but the debt they pay once practicing. Malpractice insurance has gotten out of hand like worker's comp has. We have become a sue happy country and others are paying for it also. Least that is what the doctors quitting or I should say retiring early have told me.
Collage, that one burns me.... The days of experience being what mattered, are gone. Now it is a degree that matters doesn't matter you don't know your head from a hole in the ground, you have that degree.
Anyway, it is the people that make going to collage a career that get to me. They are paid on top of their books etc. anywhere from $2500 to 5500 a quarter or semester. Another form of working our broken system. We wonder why some think Free is Free. That's what they are led to believe.
Good night, have a great weekend!
Jeanne

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