I read a thing written by a guy who survived the Serbian War, and he said they made money off refillable lighters and butane, because the electricity was gone and everybody had to heat their houses with wood and coal, so even the nonsmokers needed lighters for that.
He also said that if you can't secure your place with armed guards 24/7, you're fucked no matter what you do. Some of their neighbors abandoned their homes and moved in with his family because there's safety in numbers. It was really interesting; unfortunately the post has been memory-holed or I would link y'all.
You buy it for when the fed won't stop fucking printing money.
it's good for a depression. Just because the economy tanks doesn't mean precious metals will also lose value. If there is still an economy based on money, it will have value.
Look at it as a commodity. If currencies undergo hyperinflation, commodities still have value no matter what the greater economy is doing. A barrel of oil will still be worth something. A bar of silver will be worth something. Currency at the same time will decrease in value. You could replace gold with whatever you want as long as there is demand for it. Gold has traditionally been a medium of exchange for thousands of years and it's the best understood by people.
Here is a link of gold prices: https://www.apmex.com/gold-price. If you look at the whole historical record (1992 on that chart), you can see gold rising and rising in value in USD. That can mean that either gold is rising in value or that the dollar is falling in value. One ounce of gold used to be worth $35.00. Now it's almost $2,000. Our currency has fallen greatly.
I've got doubts about that too. It's good for hedging inflation and might store some value when get through the other side of a disaster but not so helpful during that time.
It's hard to even decide if the gold is real or not.
If I really thought the SHTF to the point that you have to barter, I would trade food, medicine, lighters, liquor, tools, fuel, etc.
I might be ignorant af. I’ve been back and forth, and the thought of “who will actually accept these pieces of metal for true necessities” has stopped me.
Gold backed money is a myth but precious metals are a fungible/tangible asset. In other words if the economy goes to shit your gold or silver will always be worth something even if a $100 bill loses its value.
Guns and bullets
Canned food, rice, and water.
Also, bottle caps.
LOL, bottle caps and rad away.
I agree with the others but not sure if I want to trade guns and bullets because I don't want to arm others who might use it against me.
I read a thing written by a guy who survived the Serbian War, and he said they made money off refillable lighters and butane, because the electricity was gone and everybody had to heat their houses with wood and coal, so even the nonsmokers needed lighters for that.
He also said that if you can't secure your place with armed guards 24/7, you're fucked no matter what you do. Some of their neighbors abandoned their homes and moved in with his family because there's safety in numbers. It was really interesting; unfortunately the post has been memory-holed or I would link y'all.
https://shtfschool.com/
That's it too! Wow, so many respurces! Good job pede!!!
There's a copy (Maybe partial) here
That's it! Thank you very much, good job!!!
Complete (with lots more from the original author) at link above.
Shiny pieces of brass will be way more valuable
Those shiny pieces of metal had value long before central banking or petrodollar economies ever existed, and they will going forward as well.
Those shiny pieces of metal are so valuable, useful, and scarce that they take old CPU chips apart to recover the minuscule amounts used in them.
Gold is a hedge against inflation.
You buy it for when the fed won't stop fucking printing money.
it's good for a depression. Just because the economy tanks doesn't mean precious metals will also lose value. If there is still an economy based on money, it will have value.
Bullets are for the apocalypse.
yes. but it's called ammo. buy a semi truck full of ammo, you'll be richer than Gates in a few months.
Prob not. They can be faked, cut, tampered, etc. And they degrade with time and/or improper storage conditions.
Look at it as a commodity. If currencies undergo hyperinflation, commodities still have value no matter what the greater economy is doing. A barrel of oil will still be worth something. A bar of silver will be worth something. Currency at the same time will decrease in value. You could replace gold with whatever you want as long as there is demand for it. Gold has traditionally been a medium of exchange for thousands of years and it's the best understood by people.
Here is a link of gold prices: https://www.apmex.com/gold-price. If you look at the whole historical record (1992 on that chart), you can see gold rising and rising in value in USD. That can mean that either gold is rising in value or that the dollar is falling in value. One ounce of gold used to be worth $35.00. Now it's almost $2,000. Our currency has fallen greatly.
I've got doubts about that too. It's good for hedging inflation and might store some value when get through the other side of a disaster but not so helpful during that time.
It's hard to even decide if the gold is real or not.
If I really thought the SHTF to the point that you have to barter, I would trade food, medicine, lighters, liquor, tools, fuel, etc.
I might be ignorant af. I’ve been back and forth, and the thought of “who will actually accept these pieces of metal for true necessities” has stopped me.
Anyone so long as we have some semblance of a functioning society. Think Great Depression, or Hyper inflation.
Bullets are for when society completely collapses and now people are dying in the street.
Yes products still will need to be made and gold is used in all electronics.
Not bars. Gold and silver coins in various denominations. Personally, I would go with ONLY American Eagles.
Gold has many uses and is highly valued. Great asset.
It's always been valuable before.
Buy land you can farm. Gold requires too much ketchup to be tasty.
Gold backed money is a myth but precious metals are a fungible/tangible asset. In other words if the economy goes to shit your gold or silver will always be worth something even if a $100 bill loses its value.
Idk, but I’ve been stocking up n it, AG, AU and crypto
It always has ... it always will be
Is just not a good investment... they just retain their value
Yes but ammo will be worth more. Precious metals will skyrocket once the other shoe drops on our runaway inflation.
Food, shelter, clothing, warmth. If you have that - gold is useless. My .02
That's beautiful
No. Gold backed money is a myth anyway these days