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greenprint
Valued Member
United States
86 Posts
macmercury
Pillar Of The Community
United States
1593 Posts
greenprint
Valued Member
United States
86 Posts
 Posted?Yesterday? 12:43 am
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like one should spend dollars and not save them but why silver and gold in particular over other material assets? Well when SHTF does happen and America becomes a third world country for several decades (I don't understand why people just assume we are going to recover in the matter of days, I think it'll be several years) your going to have spend all your gold and silver because all your currency will be worthless. Once your gold and silver dries up and you lost your job that you will probably never reclaim for some time, what are you going to do? I think perhaps investing in land might be the best idea and start farming. One thing that people will always need, when nobody has jobs, when their currencies are worthless and it costs a thousand dollars to buy a loaf of bread is food. I think one should invest in production assets that allow you to produce things that people will need no matter in what condition the economy is in. If I buy 1000 oz of silver, when shtf i'll still have 1000 oz of silver and no production method to produce more and will eventually have to spend it because i'll have no job to buy food and will most likely not have the ability to buy more silver and gold because i'll have no job and will be to worried about buying other things like food, oil, toilet paper, things that I actually need and will most likely not have money just sitting around to invest in. yay food I think investing in production assets is the best way to go so that way I can get a real return on my investment. If I bought a cow and it had a baby I would get a real return (another cow) whose value could go up and down based off of how much our currency is actually worth, but at the end of the day I have another cow no matter what, and a way to produce more if I needed to spend it. I think simply stockpile up on food is a bad idea as food eventually goes bad, and one should invest in ways to produce food. id="msg"> |
Edited by greenprint - Yesterday 01:05 am |
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mkman123
Pillar Of The Community
United States
1268 Posts
traevin
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United States
961 Posts
SDcoinguy
Pillar Of The Community
United States
2038 Posts
Posted?Yesterday? 08:46 am
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why gold and silver and not TP? its just the way they did it from the begging of time... before TP was even invented. our ancestors went to gold and silver for not just its MONETARY purpose. it was used in building many things back then as well: temples, silverware, cups, vases, armor, jewelry.... at the time there was NOTHING ELSE.... gold and silver have just recently become COMMODITIES, in terms of what they are TODAY. back THEN, 200-2000+ years ago, it was THE standard of wealth and trade. before that you did use things such as fur skins, weapons, etc.. the indians... the way things are looking I wouldnt be surprised if the US GOV went to TP as a form of currency... id="msg"> |
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hockingzig
Pillar Of The Community
USA
1299 Posts
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Posted?Yesterday? 09:21 am
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If you go back and read many of the archived posts,many of us have said all along that survival hoarding should be first! You need a supply of food(many of the freeze-dried kinds have a 20-25 year shelf-life)no debt,water,firearms and ammo and whatever you need to survive,THEN look at precious metals as a way to preserve your wealth against the currency collapse. PM's are a strategy for having something coming out the other side of a collapse. Some folks are pouring all of their extra cash into PMs without taking care of the"survival" needs. Personally,I have no debt,an 18 month supply of food,4 guns with ammo(I probably need more ammo than I have)for protection and for food acquisition. I even have a hoard of toilet paper. I will keep a small amount of cash on hand for essentials AND 11 ozs. of gold and 160 ozs. of silver. So,I agree with your premise,gold and silver will probably not be all that useful in a currency collapse,but it will make your life a whole lot better when a new economy is established.id="msg"> |
"George Washington threw a silver dollar across the Potomac River so history states, but then you have to realize the dollar went a lot further in those days. |
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greenprint
Valued Member
United States
86 Posts
Islander2010
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Canada
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allranger
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Libertad
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lostsean
Valued Member
Australia
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Namachieli
Pillar Of The Community
United States
1933 Posts
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Posted?Yesterday? 11:33 am
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The thing most people miss when talking about gold and silver when considering it against inflation/collapse/etc is; You cannot value it in dollars! Value it in any other commodity that has value regardless of the "dollar amount" slapped on to it. Man hours worked Dollar values only tie together relative worth of two goods/services, so things that are traded in dollars should be compared with their dollar value stripped. If a gallon of milk costs me $3.50 If milk goes up to $6.50 Even though gold went up in "price" it went down in value against Milk. How about against population? This is one of my favorites. Currently, there is roughly 7.02B people on the planet. Lets say there is 30,623 tonnes of gold above ground (taken from wikipedia) In ounces that's around 984,552,305 ozt, or a ratio of 7.13/ozt Au : 1 person Let say over the next 10 years we add 700M people, and 200M ounces troy of gold. Now we are at a ratio of 6.5/ozt Au : 1 Person. The value of gold just went up against the population. Doesn't matter what gold did in dollars. This is all my opinions/thought's, please don't take it as 100% fact, confirm things for yourself, make your own investments. For though, I'll be holding for quite some time. id="msg"> |
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coinwatch
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United States
420 Posts
?Topic?Source: http://www.coincommunity.com/forum/topic.asp?TOPIC_ID=124978
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