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Explain to me what good is gold/silver in a SHTF scenario?

 
Anonymous Coward
User ID: 82607944
Netherlands
03/29/2022 09:46 AM
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Explain to me what good is gold/silver in a SHTF scenario?
Society has collapsed. There's no supplies. Food and water are scarce.

Can you trade gold and silver for food and water?
Anonymous Coward
User ID: 80974956
03/29/2022 09:50 AM
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Re: Explain to me what good is gold/silver in a SHTF scenario?
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
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Re: Explain to me what good is gold/silver in a SHTF scenario?
Stock up on all of them
Nickel sized hail

User ID: 82277136
United States
03/29/2022 09:50 AM

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Re: Explain to me what good is gold/silver in a SHTF scenario?
Lots of opportunities to purchase property on the cheap right after s h f. When there's blood on the street buy real estate.
Anonymous Coward
User ID: 75771470
Slovakia
03/29/2022 09:51 AM
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Re: Explain to me what good is gold/silver in a SHTF scenario?
You cannot eat gold and get fed. Invest where your mouth is.
Nobody loves
User ID: 78378688
03/29/2022 09:53 AM
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Re: Explain to me what good is gold/silver in a SHTF scenario?
Society has collapsed. There's no supplies. Food and water are scarce.

Can you trade gold and silver for food and water?
 Quoting: Anonymous Coward 82607944


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
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Re: Explain to me what good is gold/silver in a SHTF scenario?
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 .
 Quoting: Anonymous Coward 80974956


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
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Re: Explain to me what good is gold/silver in a SHTF scenario?
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!

epiclol
Anonymous Coward
User ID: 65571479
United States
03/29/2022 09:56 AM
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Re: Explain to me what good is gold/silver in a SHTF scenario?
Gold and silver have always had value, op.

It has outlived every empire in history…

.
Anonymous Coward (OP)
User ID: 82607944
Netherlands
03/29/2022 09:57 AM
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Re: Explain to me what good is gold/silver in a SHTF scenario?
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
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Re: Explain to me what good is gold/silver in a SHTF scenario?
What good is a rain jacket on a sunny day?

I think you're missing the point.
Anonymous Coward
User ID: 82087762
United States
03/29/2022 09:58 AM
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Re: Explain to me what good is gold/silver in a SHTF scenario?
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
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Re: Explain to me what good is gold/silver in a SHTF scenario?
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
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Re: Explain to me what good is gold/silver in a SHTF scenario?
You cannot eat gold and get fed. Invest where your mouth is.
 Quoting: Anonymous Coward 75771470


Exactly. The best option imo is to retreat to the mountains, forests and deserts and learn to live like tribals.
Anonymous Coward
User ID: 72835707
United States
03/29/2022 10:00 AM
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Re: Explain to me what good is gold/silver in a SHTF scenario?
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
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Re: Explain to me what good is gold/silver in a SHTF scenario?
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!

epiclol
 Quoting: Anonymous Coward 77889465


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
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Re: Explain to me what good is gold/silver in a SHTF scenario?
In a true shtf scenario, you will wish for death, op.

Live your life as if everyday is your last.

Enjoy the day…

Do good…

And you won’t be disappointed if that day comes today or tomorrow.
Anonymous Coward
User ID: 2226485
United States
03/29/2022 10:17 AM
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Re: Explain to me what good is gold/silver in a SHTF scenario?
Gold and silver have always had value, op.

It has outlived every empire in history…

.
 Quoting: Anonymous Coward 65571479


hesright

even the African Kings...
Bar20

User ID: 76433964
United States
03/29/2022 10:27 AM
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Re: Explain to me what good is gold/silver in a SHTF scenario?
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.

hf
Anonymous Coward
User ID: 81448674
United States
03/29/2022 10:30 AM
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Re: Explain to me what good is gold/silver in a SHTF scenario?
gold is a long term investment to hold through the bad times, not to spend during them

silver is just for suckers and fools
Anonymous Coward
User ID: 72794836
United States
03/29/2022 10:31 AM
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Re: Explain to me what good is gold/silver in a SHTF scenario?
Society will never collapse completely, at least not in the foreseeable future.

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
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Re: Explain to me what good is gold/silver in a SHTF scenario?
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

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Re: Explain to me what good is gold/silver in a SHTF scenario?
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
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Re: Explain to me what good is gold/silver in a SHTF scenario?
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
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Re: Explain to me what good is gold/silver in a SHTF scenario?
Pre64 US silver coins for barter you're a fool to not have some.
Anonymous Coward
User ID: 82213476
Canada
03/29/2022 11:06 AM
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Re: Explain to me what good is gold/silver in a SHTF scenario?
You read enough fantasy, you get an idea of just how silly it would be to walk around with a bag full of gold or silver. That's asking to get stabbed very quicklike, in an uncivilized sort of situation.

Better to invest in skills. No one can steal your skills.
Anonymous Coward
User ID: 82604537
United States
03/29/2022 11:07 AM
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Re: Explain to me what good is gold/silver in a SHTF scenario?
Society has collapsed. There's no supplies. Food and water are scarce.

Can you trade gold and silver for food and water?
 Quoting: Anonymous Coward 82607944


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.
 Quoting: Nobody loves 78378688

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
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Re: Explain to me what good is gold/silver in a SHTF scenario?
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
 Quoting: Anonymous Coward 79224603

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
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Re: Explain to me what good is gold/silver in a SHTF scenario?
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
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Re: Explain to me what good is gold/silver in a SHTF scenario?
Silver is anti viral, anti bacterial, and anti fungal.
Doc
User ID: 82497852
United States
03/29/2022 11:16 AM
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Re: Explain to me what good is gold/silver in a SHTF scenario?
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.





GLP