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The Water Cooler
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Can we discuss buying Silver
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<blockquote data-quote="ratski" data-source="post: 3147974" data-attributes="member: 936"><p>I agree with some of what you say and was certainly NOT saying Gold and Silver would be worthless.</p><p></p><p>In my case, the SHTF scenarios were short term, local problems. I can't tell you how many people I saw lost because phones and power were down and ATMs, check verification, etc were cut off. Not able to use debit cards, not able to use a check, and WalMart certainly wasn't taking Silver Eagles while their backup system was running!!</p><p></p><p>Long term is a different animal all together, but, don't forget the Gold Act of 1934. Something like that could easily happen again. </p><p>Would a secondary "black market" open up if we were in those straights? I'm sure, but...</p><p></p><p>I sort of like what Matt Bracken has in his Enemies Trilogy about the Gov outlawing the ownership of gold by private citizens and the Tribal lands stepping in and coining their own! </p><p></p><p>I agree that Venezuela is a good example of what can happen. PreWar Germany is another. I mean I have postage stamps that were for 5 MILLION marks!! </p><p></p><p>I think that the key is cliche. Don't put all your eggs in one basket.</p><p>Cash will still be king for the short term, long term is another story.</p><p>And I still believe that brass, lead and copper have their place in the hierarchy of precious metals!!</p><p></p><p>Dave</p></blockquote><p></p>
[QUOTE="ratski, post: 3147974, member: 936"] I agree with some of what you say and was certainly NOT saying Gold and Silver would be worthless. In my case, the SHTF scenarios were short term, local problems. I can't tell you how many people I saw lost because phones and power were down and ATMs, check verification, etc were cut off. Not able to use debit cards, not able to use a check, and WalMart certainly wasn't taking Silver Eagles while their backup system was running!! Long term is a different animal all together, but, don't forget the Gold Act of 1934. Something like that could easily happen again. Would a secondary "black market" open up if we were in those straights? I'm sure, but... I sort of like what Matt Bracken has in his Enemies Trilogy about the Gov outlawing the ownership of gold by private citizens and the Tribal lands stepping in and coining their own! I agree that Venezuela is a good example of what can happen. PreWar Germany is another. I mean I have postage stamps that were for 5 MILLION marks!! I think that the key is cliche. Don't put all your eggs in one basket. Cash will still be king for the short term, long term is another story. And I still believe that brass, lead and copper have their place in the hierarchy of precious metals!! Dave [/QUOTE]
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