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Survival and Preparations Long and short term survival and 'prepping'. |
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#41
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I think gold will always have value compared to other commodities but in a very different ratio than today. Ex: 1 oz gold =$1200 and 1 gal fuel =$3.00 So 1 oz gold : 400 gal fuel
it might be more like 1oz gold : 25 gal fuel As to what the value will be? Your GUESS is as good as mine |
#43
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You just jumped in with your version of SHTF and gave your sense of preparedness and how you would deal with a generalized situation. You didn't consider the parameters of the given situation, and as per your quoted dribblings above, still haven't. Your conclusions have no merit because what you've pictured isn't the reality of the premise. Storing large gold bars won't work for many reasons Small gram weights are not financially smart purchases Using precious metal where required by the seller requires verifiable parameters... Hence the pretext of the discussion...that all too obviously went over your head
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ESCAPE IF YOU CAN A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed. "The Second Amendment ex-tends, prima facie, to all instruments that constitute bearable arms, even those that were not in existence at the time of the founding." - The United States Supreme Court - |
#45
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Sounds like you need a Combibar or three.
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Bring hay for my horse....wine for my men....and mud for my turtle! What do you hear ???...... Nothing but the rain. Well grab your gun and bring in the cat. "A fear of weapons is a sign of retarded sexual and emotional maturity." - Sigmund Freud |
#46
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SHTF is not the same thing as TEOTWAWKI. Or for you math geeks, TEOTWAWKI is a smaller subset of the larger set SHTF.
Gold and silver will still have value in many SHTF scenarios. But I agree that not so much in a true TEOTWAWKI situation. SHTF includes: Venezuela-like economic meltdown, getting the hell out of Europe if you were a Jew in 1937, Hurricane Katrina, the Big One (no food and water for a few weeks), bad but not a slate-wiping pandemic, fleeing Mainland China when the Communists took over (grandparents and parents went through that one -- with gold socked away on their persons), and escaping Vietnam, Iran, Syria, or [FILL IN THE BLANK] when the government falls and a new crazy government takes over. TEOTWAWKI includes: nuclear war, pandemic, zombies, asteroid strike, etc. Lots of SHTF scenarios have occurred in recent history. TEOTWAWKI, well, I can't really think back to one that was worldwide since the last Ice Age or even nationwide for the U.S. ever. Not saying it won't happen. But there's a reason why I don't buy buy double indemnity lightning strike life insurance (even though I can't rule out the possibility). I would rather plan for the higher probability situations that I might see in my lifetime (and that my parents saw in their lifetime). Last edited by SamIAm; 05-16-2017 at 4:51 PM.. |
#47
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Gold bars? That's the dumbest ****ing thing I've ever heard. If society breaks down just slightly and hold is worth anything, so is paper money, plus paper is a lot better than lugging around 20lbs of metal. If we ever got to that point personally, I'll do business in the form of grant deeds. If I have something you need it's going to cost you land.
But in a real shtf, food, bullets and drugs are the only real currency. |
#48
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1. I've got some non-collectible pre-war Reichsmarks, Zimbabewean dollars, and Yugoslavian dinars -- all in paper bills -- that I will happily trade with you for their pre-collapse value in gold bullion. 2. In addition, 20lbs of gold = $425K today. So in $50 bills, that's about 18 lbs of bills. The gold would be a lot less bulky and easier to hide. Less prone to damage, too. I guess this is, in Blackjack terms, a "push." 3. Grant deeds requires a couple things: (a) a government that respects private property and (b) you to stay when conditions go to hell. There are a lot of Jewish-Americans, Chinese-Americans, Cuban-Americans, Vietnamese-Americans, white Zimbabwean Americans, etc. whose property was nationalized when the Nazis or the Commies took over their former homelands. The ones who diversified (i.e., had property overseas or precious metals) were better off than those whose wealth was entirely tied up in property. In some cases, the ones who stuck around because all they had was land and real property, well, they were killed for it. |
#49
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Gold will be king, I've lived through regime changes when the communist taken over Saigon. There will not be a total social collapse (unless zombie or a huge meteor strike), some form of government will always be there. Food will be distributed but severely rationed (my famiy allowance was 20lbs of rice, 6lbs of meat and 1/3 gallon of oil, no gasoline), black market thrived with people battering Fabric, formula milk, medicine, gasoline for gold and money.
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#50
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Ok, I like shiny metal as much as the next guy. But I am not overly familiar with gold. If you were offering to trade gold for my valuable goods, I would be much more comfortable accepting one of those eagle coins or the little chips with the fancy letters and all the zeros - moreso than a pile of shavings or a random earring.
A "piece of eight" was a Spanish dollar, worth 8 crowns. It could be cut into 8 pie pieces, each one worth a crown. (This is why our quarter is referred to as 2 bits). This seems like a reasonable method for assigning value - If you say your 1 ounce eagle is worth $1200, that means your "bit" is worth $150. All that said, If you showed up starving and asked me how much gold for my smoked ham, I'd likely reply, "well how much you got?" Even if you weren't starving, no way I wouldn't be looking for a darn good trade - what the heck do I want with gold if things have really gone south? I'd only pick it up as a gamble (investment?) that it might be worth something in the future. But in a zombie asteroid scenario - probably pass. Got any cigars or scotch? Are you a dentist? Really, when the day comes that our dollar loses its value, our economy collapses, we'd be in such a world of hurt that I can't imagine gold being terribly viable, let alone junk silver. Maybe once things got settled, but in a crisis where resources are scarce, I just don't see it. (Not that I won't hedge my bets.) Just some thoughts. Trying to consider the premise and contribute to the thread, from the perspective of a guy who might be receiving gold in a trade.
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'The greatest fine art of the future will be the making of a comfortable living from a small piece of land.' -Abraham Lincoln |
#51
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If I were going to sell something for gold, it would have to be a whole, recognizable coin not a clipping of a coin or bar. I would be worried that it was fake or unsure of purity or assume others wouldn't accept it from me in the future for similar reasons. A whole coin would address those issues for me. So 1oz and 1/10oz American Eagles, I guess.
Like several posters eluded to earlier, I'm just not sure of the value of precious metal in SHTF. |
#52
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#53
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Try wiping your butt with a gold coin
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NRA Benefactor Member |
#54
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OP imho, gold is too expensive for trading unless for major goods like a car or house. For myself, I think silver rounds would be the way to go.
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NRA Benefactor Member |
#55
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i dont need gold or fractions, i'm the one that has the battery.
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#56
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Also, the question as posed was pretty stupid. Here's what happened with gold in Argentina during their economic SHTF http://ferfal.blogspot.com/2015/06/w...oldsilver.html |
#57
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In my opinion, a SHTF scenario isn't going to be a binary event - it will progress linearly over time. During the time that things are hitting the fan, people's faith and trust in certain currencies and investments will fall apart, and that's when precious metals will peak in value. From there on, if things really fall apart, people here are right that the real value will be in usable goods (booze, food, drugs, medical supplies, fuel, ammo, guns, shelter, etc.).
It's the people who see things coming and convert their metals to usable goods who will be in good shape. I would say that a test case for this was the financial crisis a decade ago (can you believe it's already been a decade? Time flies...). There was panic all over the place, and people ditched traditional stores of wealth for metals. The smart ones then moved back into the traditional stores of wealth when things bottomed out. Not an exact analogy, but I think it's relevant. |
#58
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Gold would have value if the dollar took a dump and there were some type of government put a value on it, like a full-blown depression. I'm sure everyone has their own idea of what a SHTH scenario is, but mine doesn't include bank, functional government, or a spare room full of buckets of worthless gold. If I can't eat it, drink it, or shoot it, it's not worth anything to me.
Last edited by iam01pbm; 06-03-2017 at 2:37 PM.. |
#60
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Gold, silver, diamonds, etc. are just fine if you can get to an area where things are normal & precious metals are still precious. Although if that's the case, your credit cards will probably also work. Visa is a global operation.
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