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The Water Cooler
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Gold and SILVER
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<blockquote data-quote="Werewolf" data-source="post: 1498571" data-attributes="member: 239"><p>Under your scenario: Society has <strong>collapsed</strong>. 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?</p><p></p><p>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.</p><p></p><p>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.</p><p></p><p>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.</p><p></p><p>HINT: Take econ 101 at any reputable university.</p></blockquote><p></p>
[QUOTE="Werewolf, post: 1498571, member: 239"] Under your scenario: Society has [B]collapsed[/B]. 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. [/QUOTE]
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