Gold and SILVER

[Progun223]

When the Sh*t hits the fan all the self satisfied over fed people are gonna get eated.
We're gonna get eated by the hungry. Eated by skinny-ass youths running in packs.
No matter how miny metals we've got; eated.
We'll circumnavigate the digestive tract worse than Megellan ever did.
That's what's in store for us. Eated.

I'm not really into having quotes in my signature line, but if I did it would be this.

 

[Sharingan]

My brokerage account can prove you wrong.
At least for the moment...

But one should really have a little gold, more silver, and tons of lead based ammunition. I also stash a few paper dollars in an undisclosed location.

Haha, you beat me to it, I was about to counter

 

[Sharingan]

This is my line of thinking. I voted silver, but it would really only be a useless metal in a total, global financial collapse.

Think about it: what can you do with gold and silver if there is no monetary system? You can't eat it. You can't plow with it. If someone has food and water, why would they trade something of value - especially something that would keep them alive - for what amounts to little more than shiny metal? I sure wouldn't. Ammo would be worth much, much more. And the ability to filter water (and the availability of water) would be worth more than anything.

Wild game will last about 2 months with all of the dopes killing everything in sight (including farm animals). Eat a quick few meals, and leave the rest to rot. Better off learning to grow food....and guard it.

Actually not true.. Silver is an industrial metal as well. It has the least resistance of any metal on the periodic table. Medically it exists on a frequency that kills almost all bacteria and virii.- we still havent even begun to scratch this surface. The quantum properties are insane--- Did you know that 44% of all silver is used in industrial manufacturing before it even hits the bullion market

(or that the us mint couldnt even mint the silver eagles in 2009- because they couldnt find enough...)

 

[HMFIC]

Neither, I'm putting my money down on a new HDTV setup.

I figure all I have to do is wait it out "Survivor Tulsa" style wearing a loincloth and foraging for crickets in the backyard until I'm too skinny to be worthy of getting eated.

By then, American Idol will be back on and I'll be all set.

 

[cjjtulsa]

Actually not true.. Silver is an industrial metal as well. It has the least resistance of any metal on the periodic table. Medically it exists on a frequency that kills almost all bacteria and virii.- we still havent even begun to scratch this surface. The quantum properties are insane--- Did you know that 44% of all silver is used in industrial manufacturing before it even hits the bullion market

(or that the us mint couldnt even mint the silver eagles in 2009- because they couldnt find enough...)

Actually it's very true. So if society collapses, what are YOU going to do with rounds or bars of silver? There are many industrial applications for silver - there's no arguing that - but what value would it have to a person in a situation where there is no electricity, no running water, no nothing? Silver and gold only hold real value when there is a use for it. You can't eat it, you can't use it for fuel, you can't drink it - it's worthless in any practical survival situation - and that's exactly what people may face for months or more if SHTF.

I'm well aware of it's industrial importance - and why I urged friends after Obama's election to buy it (and I was stupid and still didn't). I figured Barry was big on solar, and solar requires mirrors, and mirrors require silver.... But again, in a practical, personal setting, sivler is jewelry - and little more. Unless you're out of lead and cast bullets with it.

 

[Sharingan]

Actually it's very true. So if society collapses, what are YOU going to do with rounds or bars of silver? There are many industrial applications for silver - there's no arguing that - but what value would it have to a person in a situation where there is no electricity, no running water, no nothing? Silver and gold only hold real value when there is a use for it. You can't eat it, you can't use it for fuel, you can't drink it - it's worthless in any practical survival situation - and that's exactly what people may face for months or more if SHTF.

I'm well aware of it's industrial importance - and why I urged friends after Obama's election to buy it (and I was stupid and still didn't). I figured Barry was big on solar, and solar requires mirrors, and mirrors require silver.... But again, in a practical, personal setting, sivler is jewelry - and little more. Unless you're out of lead and cast bullets with it.

Practically speaking , the world is NOT going to end. The value system we use in this country most likely will, however.. But contrary to the self serving image we have adopted as Americans- when the dollar crashes- It will be because the country cant pay up to the debt that will be liquidated. That by no means equates to gold and silver will be useless. Other countries will still need them and carry them as their actual reserves. Other countries will continue to manufacture and provide services and goods. And other countries will gladly do business with entities or institutions that have what they value.

If another country "fell" , and the need to finance its recovery arises. What does that have to do with the people in India or China, where it still 'serves a purpose'... You can bet those countries will still pay for it.

Now if the entire world goes to ****, i see your point.

 

[Sharingan]

And when society collapses, i already have connections with other institutions to barter my precious metals.. Being that I am in this industry. If you cant find anybody to buy your metals when the SHTF, come talk to me.. Ill take them off your hands

 

[Werewolf]

The only way that gold or silver will have real value as currency in the event of a collapse is if the poop hits the fan so hard that the government at all levels essentially vanishes.

If it doesn't - go away that is - the goobers in goobermint will just make it illegal for subjects to own either - JUST like the US goobermint did with gold in 1932 or '33. Made it illegal to own - turn it all in Mr and Mrs America or go to jail.

If anyone thinks the US goobermint wouldn't do that again there's this really nice bridge in brooklyn I could sell ya.

 

[Werewolf]

And when society collapses, i already have connections with other institutions to barter my precious metals.. Being that I am in this industry. If you cant find anybody to buy your metals when the SHTF, come talk to me.. Ill take them off your hands

Under your scenario: Society has collapsed. What currency will these organizations pay you in? Thought about that? Currency has value because governments say they do and people believe them. Currency eliminates the need to barter by supplying a commonly accepted measure of value. No government, no currency, no common measure of value. This is the one time when having gold or silver might actually act as a common measure of value. Otherwise?

So again I ask. If society collapses what are these organizations you are in contact with going to pay you for your gold or silver that has any more value than the gold and/or silver you already own? How will what they trade you for act as a commonly accepted measure of value in your collapsed society. Answer: it won't - you'll need to keep your gold and silver. Maybe cut it up into 1 gram chunks or something.

If the SHTF for real and to the point where one would actually need gold or silver - then good luck to you. You're gonna need it.

If society's collapse doesn't coincide with the elimination of government good luck keeping all that gold and silver you've got. Think confiscation at worse or compensation with useless paper at best.

HINT: Take econ 101 at any reputable university.

 

[Shadowrider]

Under your scenario: Society has collapsed. What currency will these organizations pay you in? Thought about that? Currency has value because governments say they do and people believe them. Currency eliminates the need to barter by supplying a commonly accepted measure of value. No government, no currency, no common measure of value. This is the one time when having gold or silver might actually act as a common measure of value. Otherwise?

So again I ask. If society collapses what are these organizations you are in contact with going to pay you for your gold or silver?

If the SHTF for real and to the point where one would actually need gold or silver - then good luck to you. You're gonna need it.

If society's collapse doesn't coincide with the elimination of government good luck keeping all that gold and silver you've got. Think confiscation at worse or compensation with useless paper at best.

HINT: Take econ 101 at any reputable university.

Did they teach in college that gold has been used as a currency since long before recorded history? What makes you think it would be different in a SHTF scenario?