Carry it with you. Use it occasionally to try and buy something that you fancy.
Now, here is how you read the meter on this simple little measuring tool.
- If people don't want to take it or look at you funny: Times are good. Party on.
- If people look at if for a bit and try to give you less value than the current value of the silver: Start paying closer attention, things are still OK, but outlook is looking negative.
- People are willing to give you what you feel is fair, no questions asked: Severe slide pending.
- People are willing give you more than the value of the coin and ask if you need anything else: Button up the barn Bertha, the party's getting started.
2 comments:
A good barometer indeed! Especially when tested at "Mom n Pop" type places....
American Silver Eagles are marked as $1, for use as legal tender. I'd guess most clerks wouldn't except then at more than that now. Savvier ones might accept them now at a small discount to spot, I know I would if you were haggling with me.
When trying to get that gas station, grocery store, or pharmacist to part with their goods during/after a problem, silver will probably get you to the front of the line. To get past a road block, have the authorities look the other way, obtain some coveted gov't paperwork, or get that last seat on transportation out of dodge - you might want to have some gold. :) Just my .02, take care.
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