Potential Problems

[Maddog5150]

... read my sig and thats all I have to say about these predictions.

[thenodnarb]

Coins are good too, but can get heavy depending on how much you have. Also I wouldn't carry any expensive coins such as 1oz gold, because more than likely you will be buying something worth 100 or less and there is no real way to split up a coin worth 1800 bucks into smaller ammounts.

I'm going to start hording nickels :http://www.coinflation.com/
the only coin still commonly available that is actually worth its weight in the metals that it is comprised of. actually its worth closer to .06 each right now. And the best news is that all nickels are still made this way so even the newest nickels you get from the bank will be worth the same, unless you get lucky and get a silver nickel.
These will be excellent small denomination coins that won't cost anything in broker fees to purchase.

[DavidR310]

I'm going to start hording nickels...

I looked into that too since it sounds good in theory. However, since the the nickel is [edit] zinc nickel plated with the copper inside, the process to extract the copper washes out any gains.

You are actually better off saving pre-1982 pennies.

This from what I heard...

[scarville]

Coins are good too, but can get heavy depending on how much you have. Also I wouldn't carry any expensive coins such as 1oz gold, because more than likely you will be buying something worth 100 or less and there is no real way to split up a coin worth 1800 bucks into smaller ammounts.

Good point about the gold coins. It is better to convert them into local currency as needed.

I was thinking more along the lines of having coins to make exact change with. I keep a few rolls of quarters, dimes, nickels and pennies in the "emergency" fund for just that purpose. I remember being in Yucca Valley when a quake killed all the power for several hours and some of the places that were open were unable or unwilling to make change.

[Ripon83]

A gold coin if you truly are having to carry it will be worth more then 1800 an ounce in crisis. It might buy you land, a room with a quality mutual aid group, a vehicle or who knows what. Small silver coins would be good for the little things. Cash will be king for a short time in SHTF and then hyper inflate and be worthless. I have 4 lowers I've yet to buy uppers for so I keep about 3k extra on hand so I can buy the uppers

[Ripon83]

Well looks like the day of rage was rageless......guess college football got in the way? Now unless the UN adopts the Palestinian money as it's reserve currency when it grants it statehood this week I don't see the potential for SHTF yet.

[socalsteve]

definetly have smaller bills for cash on hand - people will not be "able" to make change and you will spend a $20 bill for a $5 item.

[thenodnarb]

I looked into that too since it sounds good in theory. However, since the the nickel is zinc plated with the copper inside, the process to extract the copper washes out any gains.

You are actually better off saving pre-1982 pennies.

This from what I heard...

nickels are 75% copper, 25% nickel. I'm not aware of zinc in the composition. See the website I referenced. Besides, silver coins don't need the silver "extracted" to be of value. neither do nickels.
Besides, when you melt metals, they melt at different temps, and I think they can be separated and refined, so any "coating" is a moot point. its far less hassle to be able to go to the bank and ask for $20 in nickels than it is to ask for $20 in pennies and then sort them for pre-82 coins, even though the value of pre-82 coins is close to double , and nickels are only 20% higher than face value.

[DavidR310]

Well looks like the day of rage was rageless......guess college football got in the way?

http://www.myfoxny.com/dpp/news/day-of-rage-protest-on-wall-street-20110917-gjw

Now unless the UN adopts the Palestinian money as it's reserve currency when it grants it statehood this week I don't see the potential for SHTF yet.

http://www.ocolly.com/palestine-seeks-un-statehood-1.2604182

[chris]

i really don't see SHTF but being ready for an earthquake is the thing to do.

[Ripon83]

The "day of rage" ended up being a few hundred anti capitalist......is anti climatic....I'm not worried about the UN giving "Palestine" a seat at their table. I worry about them adopting a new currency and urging all nations to participate in making it their new reserve currency displacing a dollar that is backed by nothing.

[Joewy]

I would add that no matter what happens it is most important to stock up on things you need and use in daily life ,don't live out of the store day by day. If something bad happens the stores may not be able to satisfy your needs.

Yes. Things you can Trade. Money of any kind will be useless. Have something useful that you can trade. Food, Meds, Chlorine tabs, so on and so forth. I dont recomend trading ammo and guns. It is likely they will be used against you.

[Kid Stanislaus]

Welllllll it's now Sept. 16th and the first prediction has yet to happen. Don't get me wrong, it's wise to be prepared, but don't believe every doomsday prediction.

HEY C'MON!! Yer spoil'n everybody's fun!!

[Kid Stanislaus]

Does FMJ count as "precious metal"?

I'd say that at SOME point FMJ, JHP, JSP, etc. will ALL become precious metal!

[Kid Stanislaus]

I would add that no matter what happens it is most important to stock up on things you need and use in daily life ,don't live out of the store day by day. If something bad happens the stores may not be able to satisfy your needs.

Gee, now THERE'S a novel idea!