Kiroy
Marine Biologist
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The hardcore prepper books I read disagree and go with silver. Gold will likely still be too valuable to conveniently barter with once shit calms down.
Buying Gold/Silver/Precious Metals
- Thread starter Warrian
- Start date
The hardcore prepper books I read disagree and go with silver. Gold will likely still be too valuable to conveniently barter with once shit calms down.
iannis
Musty Nester
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I think a replacement fiat is WAY more likely.
If you're talking about 3 generations down the road after a collapse. Sure, maybe so. But what does that have to do with a personal crisis mitigation scenario?
If the dollar goes tits up you'll see states start to issue scrip again. They won't be pressing gold eagles. When the state fiat goes tits up, you'll see companies issue scrip (maybe even while states are issuing it). Companies almost already do issue scrip, and they certainly would if the federal prohibitions against it weaken. Which they would. The dollar is, after all, half of the federal government. The army being the other half.
You're looking at a cascade collapse before we start minting coins out of gold. We don't use Cavalry anymore either, Mister Romney.
Sometimes the world just changes. The thing that has changed a lot in the past 100 years is population densities.
In a cascade collapse I would still rather have direct food and land security over indirect security. You really would be better off stocking ammo and looting.
If you're talking about 3 generations down the road after a collapse. Sure, maybe so. But what does that have to do with a personal crisis mitigation scenario?
If the dollar goes tits up you'll see states start to issue scrip again. They won't be pressing gold eagles. When the state fiat goes tits up, you'll see companies issue scrip (maybe even while states are issuing it). Companies almost already do issue scrip, and they certainly would if the federal prohibitions against it weaken. Which they would. The dollar is, after all, half of the federal government. The army being the other half.
You're looking at a cascade collapse before we start minting coins out of gold. We don't use Cavalry anymore either, Mister Romney.
Sometimes the world just changes. The thing that has changed a lot in the past 100 years is population densities.
In a cascade collapse I would still rather have direct food and land security over indirect security. You really would be better off stocking ammo and looting.
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pharmakos
soʞɐɯɹɐɥd
- 16,306
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not that i disagree (need to hear more) but "too valuable to barter with" is a bit hard to wrap my head around.
Kiroy
Marine Biologist
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Say you got a gold coin and you wanna buy a chicken off a dude. You'd have to clip a tiny piece off. With silver you give em a couple of them old silver dimes. No worrying and tiny pieces or figuring out exact tiny weights.
pharmakos
soʞɐɯɹɐɥd
- 16,306
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that occurred to me when brainstorming, but certainly gold would still be useful for transactions involving more valuable things than daily commodities? tractors, automobiles, certain tools, solar panels, etc. would all be worth a pretty burdensome amount of silver i would think?
Hoss
Make America's Team Great Again
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Precious metals. Gold, Silver, Lead and shootin irons. I've got all 4. They may be good for doomsday scenarios, but that's not all they're good for. it's idiotic to dismiss something just because one of it's uses is for something you don't think will ever happen. Go to your cupboard and throw away all your canned foods. I hear tell them doomsday preppers like to collect them too!
Did you even read my post you fucking moron? I specifically said I wanted to buy physical gold and silver. In fact, you're the first one in the thread to even bring up investing in the smoke and mirrors magicshow that is buying gold certificates.
That's why you'd want both in that scenario. Plus, they do make fractional gold coins. So it's not hard to have your gold in 1/8th ounce pieces already that would be worth about $175 each.
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Because in the event of an economic collapse do you really trust that a bank is going to uphold their side of a contract?
How does this have to be explained?
Nester
Vyemm Raider
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Hoss
Make America's Team Great Again
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Your definition of 'collapse' is far from a universal definition if you think the government will be able to run around and round up everyone's gold. Besides, since we're not on the gold standard anymore, it's highly unlikely they would feel the need to do something like that again. The government can try to do the exact same thing with guns, generators, or cans of beans. So by that rationale, it's no use trying to prepare for any disaster.
in addition to the Mike Maloney "Hidden Secrets of Money" videos...I highly recommend this series. Read this guy's bio. He's very reasonable, not a doom and gloom prepper. He covers a lot of what's been discussed here, concepts of primary, secondary, and tertiary wealth.
The Crash Course
The Crash Course
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