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JonathanW

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  1. This video features many Venezuelan coins I have and some are from what was posted above
  2. Politics and opinions aside, these are some interesting and cool coins (2 coins to be exact)
  3. They are worthless if they go by their stated value lol My wife is from Venezuela so I decided to buy several coins for her and her family. In Venezuela, it’s tradition to hold silver coins NYE to carry into the new year. ill post more when they arrive
  4. Here’s a collectors set of Venezuelan coins made on behalf of the royal mint
  5. Part 1 taking about the first Aurums, Part 2 will be a lot more detailed and talk about the Utah Gold backs.
  6. Hello, I have been on Yourube for 9 years but now am working on making silver/gold related content for my channel to go along with my other content. Here’s my latest creations 2019 South Korean Tiger Medallions RMC, Asahi and Sunshine Mint Silver Bars Gold Aurum Note Discussion Part 1 Hope you enjoy and I’ll be uploading more in the future.
  7. If all factors are the same in terms of using strictly gold only and the premiums are the similar to current market products than it’s a completely subjective choice at that point. It’s down personal preferences. In regards to the weight of the gold notes they currently go to a gram in weight and are intended to by used in smaller denominations than the smallest coins available. They will only be used for small purchases and never intended to take over large items as large coins will work fine for that. however we are not at the point yet and the price gap is quite drastic that makes it harder to be accepted. I believe it’s a novelty in this state and price but deserves more merit or interest than complete dismissal of the concept.
  8. Good points and thanks for taking the time to give your opinion on the topic. I highlighted something important that I just want to clarify that these are not IOU or Silver certificates. They themselves are made of gold and can be melted down into the pure form of gold if desired. Not sure if that got missed but these don’t represent the old gold standard the US use to have. I may be misreading it but I figured I mention it just in case
  9. Solid points but I don’t believe the coins address the issue of most youth don’t use coins in regular day to day life. It would take a lot more effort to teach a new generation that coins are the new primary currency compared to a new type of note that they already grew up using their entire life. Cash/notes are the most widely accepted means of transactions after Credit/debit cards. Coins are typically heavier and bulkier to carry in todays standards. convenience is king in our modern world and having to get special wallets or coin holders To deal with the bulk of silver is less practical in my opinion. If these notes entered mass production at a national scale and the premium was 5-15% would you consider this as an alternative to fiat currency?
  10. Hello, I’ve been on YouTube for around 9 years making small videos from my teenage years; skateboarding, to now firearms content. I plan to branch out in to reviews certain types Silver and Gold items that interest me. Here’s my channel, I’ll update when I have more silver content. https://youtu.be/CCnqXpJzwxo
  11. I checked and a couple years ago they legalized foreign currency within the country but the exchange fees might be high. I’ll double check with my family. Update: USD is exchanged through the black market as the government won’t exchange them so they(black market providers) are likely adding large fees to exchange the currencies. Greatly diminishing the true exchange value
  12. USD is king In private sales but I believe the government makes it illegal to do deals in USD(Would have to double-check) and may be subject to confiscation if businesses are caught using the USD. The government is extremely tyrannical and anti US so even though dollars are used mainly, it’s not officially accepted. Gold is still usable as currency and is the only official thing left with value. Even the vast amount oil there is extremely crude and difficult to refine especially with all the government refining facilities are a complete mess.
  13. Gold is still highly valued culturally in Latin American especially in Venezuela and is still used/demanded regardless of the food crisis.A llot could not afford the 50 gram credit card but most could accord the 1/10 gram notes . Allegedly the government central bank considered switching to these notes in 2016 to try fight the inflation and terrible government policies but it went with the crypto currency . The country fell deeper to political crisis and instability so it was never adopted officially. im going to reach out To the large Venezuelan communities on Facebook and poll their interest in the concept. I’ll post the results if I get some results either way