Explain to me what good is gold/silver in a SHTF scenario? | |
Anonymous Coward User ID: 80974956 03/29/2022 09:50 AM Report Abusive Post Report Copyright Violation | I think it would be like venezuela and they still use both . There will always need to be a centralized currency for trade . Ofcourse barter would be more prolific unless we're talking about mad max total full stop on life as we knew it there will still be some form of economy with some sort of centralized currency . And gold and silver has always been that . |
Green Shoots
User ID: 81825229 United States 03/29/2022 09:50 AM Report Abusive Post Report Copyright Violation | |
Nickel sized hail
User ID: 82277136 United States 03/29/2022 09:50 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 75771470 Slovakia 03/29/2022 09:51 AM Report Abusive Post Report Copyright Violation | |
Nobody loves User ID: 78378688 03/29/2022 09:53 AM Report Abusive Post Report Copyright Violation | Society has collapsed. There's no supplies. Food and water are scarce. Quoting: Anonymous Coward 82607944 Can you trade gold and silver for food and water? It would depend on the severity of the SHTF scenario. Too much destruction and those metals will be useless to everyone. At least for a good long while. |
Anonymous Coward (OP) User ID: 82607944 Netherlands 03/29/2022 09:54 AM Report Abusive Post Report Copyright Violation | I think it would be like venezuela and they still use both . Quoting: Anonymous Coward 80974956 There will always need to be a centralized currency for trade . Ofcourse barter would be more prolific unless we're talking about mad max total full stop on life as we knew it there will still be some form of economy with some sort of centralized currency . And gold and silver has always been that . That works in theory only. But the reality is that to use gold and silver there needs to be some type of law in place. I'm talking about a completely SHTF scenario where society has completely collapsed. The only law that remains is "might is right". So a guy with gold can walk into the post apocalyptic marketplace with gold and silver and there's nothing to stop an big gang from jumping him and taking his gold. Besides, who would set the price for things? Who decades that 1 loaf of bread would cost X grams of gold? SHTF = complete anarchy. |
Anonymous Coward User ID: 77889465 United States 03/29/2022 09:56 AM Report Abusive Post Report Copyright Violation | Lots of opportunities to purchase property on the cheap right after s h f. When there's blood on the street buy real estate. Quoting: Nickel sized hail If there is blood in the streets, people will not be paying for any property they acquire. They will simply take it and the gold stashed in the basement. Somehow there is still real estate transactions happening after societal collapse? LOL Better get the deed to prove to the roaming gangs that this is actually my house and the paper says so! |
Anonymous Coward User ID: 65571479 United States 03/29/2022 09:56 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 82607944 Netherlands 03/29/2022 09:57 AM Report Abusive Post Report Copyright Violation | Lots of opportunities to purchase property on the cheap right after s h f. When there's blood on the street buy real estate. Quoting: Nickel sized hail I'm talking about total SHTF. Nuclear war. Complete lawlessness. There's no authority left on place to keep record of purchases and disputes. Or for that matter, to investigate and punish crime. You can get the best deals but it's yours only as long as you can hold it with firepower. |
Anonymous Coward User ID: 73802439 United States 03/29/2022 09:58 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 82087762 United States 03/29/2022 09:58 AM Report Abusive Post Report Copyright Violation | mad max scenario of no governments - gold and silver are no good. dollar collapse or USA debt default, or some of the world's economy's collapse but other places have working governments - gold and silver are good because you could relocate there and have something to start. Or you you could hold onto your assets for the recovery at home. |
King of Fools
User ID: 82383888 United States 03/29/2022 09:59 AM Report Abusive Post Report Copyright Violation | Bottlecaps and Bobby pins man, I've been saving them for years. Last Edited by King of Fools on 03/29/2022 10:02 AM I'm a fool and so are you. |
Anonymous Coward (OP) User ID: 82607944 Netherlands 03/29/2022 10:00 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 72835707 United States 03/29/2022 10:00 AM Report Abusive Post Report Copyright Violation | There's a finite supply that can't be printed, and it has always held value. When the shit gets wiped off the fan and things settle, you'll still have wealth. If you have to decide between eating and your bullion, you made the wrong choice in the first place. |
Anonymous Coward (OP) User ID: 82607944 Netherlands 03/29/2022 10:05 AM Report Abusive Post Report Copyright Violation | Lots of opportunities to purchase property on the cheap right after s h f. When there's blood on the street buy real estate. Quoting: Nickel sized hail If there is blood in the streets, people will not be paying for any property they acquire. They will simply take it and the gold stashed in the basement. Somehow there is still real estate transactions happening after societal collapse? LOL Better get the deed to prove to the roaming gangs that this is actually my house and the paper says so! Exactly. During the SHTF the only law would be the law of "might is right". The biggest and most well armed gang will win. Its amazing how some people think SHTF means an opportunity to buy property for cheap. |
Anonymous Coward User ID: 65571479 United States 03/29/2022 10:05 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 2226485 United States 03/29/2022 10:17 AM Report Abusive Post Report Copyright Violation | |
Bar20
User ID: 76433964 United States 03/29/2022 10:27 AM Report Abusive Post Report Copyright Violation | Lots of opportunities to purchase property on the cheap right after s h f. When there's blood on the street buy real estate. Quoting: Nickel sized hail My grandmother, who was a young wife and mother in the great depression, told me a story of a guy who bought a mountain, an entire mountain, for a $20 gold coin because he had the coin and the property owner wanted the money to feed his family more than the land. Blood in the streets = unprecedented opportunities for those who are prepared to take advantage of them. |
Anonymous Coward User ID: 81448674 United States 03/29/2022 10:30 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 72794836 United States 03/29/2022 10:31 AM Report Abusive Post Report Copyright Violation | Precious metals aren't for SHTF scenarios. They're for preserving wealth in almost all situations. If all you have is a few hundred bucks, then you don't want to buy gold and silver. However, if you have a hundred grand in your 401k with no gold, you're doing it wrong. |
Anonymous Coward User ID: 80250634 United States 03/29/2022 10:35 AM Report Abusive Post Report Copyright Violation | Metals only succeed in a perfect environment. 1. There better not be an extreme absence of necessities. -or- 2. There better be stores, banks, etc ready to deal in metals. I only see this perfect environment in port cities not digital converted and self-sustaining red state areas. |
Shadow Dance
User ID: 59490123 United States 03/29/2022 10:53 AM Report Abusive Post Report Copyright Violation | your PMs will only be good AFTER the dust settles and Law and Order (banks) are restored ... they are a way to HOLD ON to (some of) your wealth ... but I doubt that they will ever be used as currency ... so you best have plenty of food and water, a dependable vehicle and gas before you pull all your money out of the bank and turn it into gold and silver - to bury in the back yard - until the economy is restored silver is probably the best investment, but it is bulky and heavy ... gold on the other hand is far more valuable and you could easily put a million dollars worth in you jeans pockets and still run whereas you would need a wheelbarow to transport 10K in silver ... in previous wars, women would sew coins into the hems of their blouses and skirts - or eat them to make sure they couldn't be stolen and they would have some money to relocate - and buy property or bribe officials ect personally I think the 1/10 oz gold coins are the most practical ... an a bag of "junk" )90% silver coins for trade at the markets - better than flashing gold coins in desperate times. |
Anonymous Coward User ID: 79224603 Iceland 03/29/2022 10:56 AM Report Abusive Post Report Copyright Violation | ive run this scenario a million times for the average person, PM's become an albatross meaning it would definitely be better to blow that money on preps now if you have a bunker and everything lined up and still making money, then you blow it ALL on PM's or btc right now |
Anonymous Coward User ID: 82602915 United States 03/29/2022 11:06 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 82213476 Canada 03/29/2022 11:06 AM Report Abusive Post Report Copyright Violation | Better to invest in skills. No one can steal your skills. |
Anonymous Coward User ID: 82604537 United States 03/29/2022 11:07 AM Report Abusive Post Report Copyright Violation | Society has collapsed. There's no supplies. Food and water are scarce. Quoting: Anonymous Coward 82607944 Can you trade gold and silver for food and water? It would depend on the severity of the SHTF scenario. Too much destruction and those metals will be useless to everyone. At least for a good long while. Not as long as you might think. From as soon as 1 yr after SHTF, people will be trading and traveling. you can't carry a coop full of chickens with you on your travels, nor a fields worth of grain. So a currency or unit of value must be used. Thus Gold and silver have always had value. How much might depend upon how bad the SHTF is and where you are located. But i can just about Guarantee all federal reserve notes will be good for is as toilet paper. |
Anonymous Coward User ID: 82604537 United States 03/29/2022 11:15 AM Report Abusive Post Report Copyright Violation | ive run this scenario a million times Quoting: Anonymous Coward 79224603 for the average person, PM's become an albatross meaning it would definitely be better to blow that money on preps now if you have a bunker and everything lined up and still making money, then you blow it ALL on PM's or btc right now Preps are probably your worst investment! Most people will not be able to "bug in" for any length of time. Every thing from Natural disaster to roving bands of marauders will make you unable to stay put. Or you will lose all those preps to them. So you will be leaving most of those "preps" behind. Take a good hard look at Ukraine or Syria. Do you really think your preps would help you if you lived there? If you did not flee the country early on in the conflict, you have a small chance of survival and far to many people would want your preps for themselves. |
Anonymous Coward User ID: 47960194 United States 03/29/2022 11:15 AM Report Abusive Post Report Copyright Violation | If youre talking complete global collapse, then your gold/silver will not be worth anything during or immediately after the collapse. Once things settle back down, it is possible that they will re-gain some value but no one can say for certain. If you are talking about a collapse of the USA, then it will retain value on the global stage and once the US is reborn in whatever form then PMs will still be worth money. |
Robotanimal
User ID: 82635312 United States 03/29/2022 11:15 AM Report Abusive Post Report Copyright Violation | |
Doc User ID: 82497852 United States 03/29/2022 11:16 AM Report Abusive Post Report Copyright Violation | Silver Antibiotic, Cleaner, burn treatment. When The old Yugoslavia failed you needed about an ounce per person per day to get what you forgot to prep. Buying medicine, doctoring, dentist, kero, later food. Gold Bribes. I got myself out of Nicaragua with one Kugerrand. Transport. One Kugerrand got me a shitty boat. Arms. Got a hunting rifle and full ammo box for an ounce coin. An engraved Barrett copy with a and full ammo box for an ounce. Insurance. The favor of the local war lord (there are cheaper ways when you get to know them). Smaller coins are nice if the locals recognize them. You might also want the First 100 things to disappear for trade goods. |