03-25-2019, 12:45 PM
Quote:
1 hour ago, Thunder-Bay-Syd said:
I think the most likely threat that I am likely to experience in my lifetimes is economic collapse. I wonder who else thinks that and if anyone else prepares for that by storing wealth in mediums other than fiat currency - gold, silver, etc.
Not unlikely, but no to storing "wealth". Exception: I have some currency sniggled away in case the world banking system collapses and my bank account goes away (which would likely be the first to go). But consider: Now (during normal times) gold/etc. comes pretty dear. Economic collapse; gold will have minimal value. Who that has food, ammo, chainsaw, a running car, fuel, antibiotics, is going to trade it for heavy metal? Unless you're making teeth or bullets, it has no use. If someone does want to sell their goods, the rate of exchange is going to be about 500ml of gold for 500ml of penicillin. You will pay thousands today for a little sliver of metal that won't be worth the $25 that a box of 9mm FMJ is worth when it is needed. If you want a trade medium, go for what people will need. MRE's, canned meat, livestock (that can live on the land you have, not that you have to buy feed for), medical supplies, cheap "trade" guns, ammo, bottle gas, wool blankets, plastic tarps, solid fuel tablets. And I suppose liquor (although a drunk with a gun is always a good combination).
