Zephan’s Bitcoin Sermon – March

In the Torah, in the Chapter of Leviticus 19:36, it states, “You shall have an honest balance, honest weights, an honest unit of dry good measurement, and an honest unit of wet good measurement. I יהוה am your God who freed you from the land of Egypt.” In ancient Israeli society, weights were used to measure goods as well as means of exchange, such as gold or silver, to facilitate trade.

The Key To Wealth Preservation: Hide Your Silver In Plain Sight?

The Local Silver Mint has just unveiled what may be their most innovative silver product to date. This is quite a statement, considering that this is the creator who invented the Silver Card, Barter Bags, Tenth-Ounce Silver Rounds, Cig-Savers, Building Blocks, and so many other creative iterations of silver. But if you were looking for the best tool for covertly preserving your wealth in plain sight, you needn’t look any further than Weare, New Hampshire. 

Granite State Considers Adopting Gold and Silver As Legal Tender

As such, many people have been inclined to get rid of our dollars and hold our savings in more stable forms of money, such as gold and silver. Many people who are concerned for their families’ financial wellbeing would love to see this bill passed into law. Astute people hold a large portion of the wealth in the form of gold and silver. Especially in New Hampshire, an ever-increasing number of establishments are accepting gold and silver as payment. But we do need to pay taxes to the state and local governments. Currently, the government only accepts dollars.

What Is Money?

The man who raises cows and bulls has valuable assets, but livestock is difficult to carry in your pocket and not practical for dividing into small denominations. Animals also live for only a few years. The fisherman has lots of fish, but they also die quickly, and not everyone even likes fish.

real vs fake money

Private vs. Government Currency

Gresham’s Law states that in a competition between currency, bad money will win out over good money over time, in other words, the average person will be more likely to use their US Dollars to purchase goods and services over their Goldbacks because the gold will maintain value, while the US Dollar won’t. Shaffer gave his answer to the dilemma of Gresham’s Law.