I stopped at 4:53..... Ok lmao when paper money becomes worthless.... The people with gold and silver won't be buying cars and houses cuz 95% of the people in the world have no gold or silver, and it will be total anarchy/mayhem! Stupid fuck! My god think about it
depends walmart will probably close down in a hyperinflation period because thats what happens when the currency goes to crap then the black market takes up the slack. If you buy stuff thats half the value of say half oz of silver which would roughly 20 bucks you could take change in silver quarters or dimes or even regular change copper, silver and gold will stabilize to the point where people will know what they can get with it. its just adjusting to a new medium of exchange.
@pdxeddie1111 wanted to add as far crime, it will have an initial surge as the police will be few but as it goes on people will get tired of it and it will become like the wild west where violent criminals will be dealt with citizens themselves. umm lynch mobs and firing squads, it wont be a good time for the criminals
It's basically gonna be a street side craigslist add as far as the eye can see. Guns, "Precious Metals", Food / Water are going to be Non-Negotiable if you are foolish enough to trade for anything else. Riots, Looting, Mugging will be a daily battle. After a Month or so global population will reduce by more than half (starvation as the highest contender) and the 1% elite will be under Denver airport like Umbrella Corporation in Resident Evil.
If you have a lot of money to spend- $10,000 or more in precious metals I would buy 80% in 10oz bars and the rest in small coins and junk silver. That way you can have something that holds a large amount of your wealth and then a smaller amount for everyday transactions. In the end i dont think anyone is going to have a problem trading silver for a good. The seller would be an idiot to not take it.
Gold will be used like before with paper currency being tied to a gold standard hence forth the governments would then reprint different currencies and back them buy gold once again. For the people who have gold to trade in for this new currency well lets just say things will be better for them.
Here's my opinion as a American. If we woke up tomorrow with a collapse of currency and government like you said you will be a "golden statue" You would need to hide your metals and tell no one. Your main objective is going to be "self" preservation. Food, water, self defence. Until some sort of order or new government is established were people can trade and have commerce again in a civil way. Hang with like minded people and organize.
my friends & i have gold,silver & cash. a situation that commonly arises is: someone is short on cash,they give a friend a coin of gold or silver for cash value at he time. the agreement being, the person who takes the coin & gives the cash, holds it until cash debt is paid back in full. this must be done between people who trust each other.
Some people get real greedy and say.. Hmmmm ill wait because it will go up more, sure it will but everything has its peak and lows from 1200 a once to 5000 to 7000 i think thats a big profit. So those that hold on will lose big time. A new currency or order will be restored and there will be a new reserve currency which will flatten gold.GOld and silver is king because people lose confidence in paper money,take note that when a leader falls another one will rise in its place.
when the newspaper ,radio and every one talks about gold and silver, thats when you sell it or use it to trade for a home. Because if you hold it for too long there could be a chance that governments will confiscate gold and silver . So if you wait too long your gold and silver will just be used as spare change to buy food and small items. Use the gold and silver to buy when its still legal to do so. e.g gold how stands at 1200 if it rise to 5000 to 7000 its time to buy a house with it.
but if you buy a house with it, they can raise the property taxes to what they want , than you loose the house to, so it really is a hard to know what to do....
@missionaryoffaith raise the property taxes will scare away home buyers and the real estate market will go crooked. Real estate supports the economy. It supports. painters,carpenters ,brick layers,brick makers.truck drivers,petrol,jobs,real estate agents ,gardeners. So that is out of a question and if so it wont be much . raising it is suicide for any government that relies on stability in the real estate market. And the fact is all governments replies on it
I understand your message and I believe that you have a very good point! Having items to Barter with would be far more important than Gold or Silver. If money were nothing, 3 cans of tuna would easily be worth an ounce of Silver. Fuel, food and water would be more valuable and consumable than Gold or Silver. This YouTube video is related to your question; Argentina: Surviving without money. Thank you for your posting.
I think the principle behind a hard asset is to be holding something that has actual value. When the collapse happens it will be very dangerous for anyone that has things of value. So gold and silver will be the best ways to create wealth but it will also be important to have real goods. Value equals things you
need to live, so while gold and silver will store your wealth while the turmoil steals everyone elses, only use it when times become safer and money reestablishes itself through industry and growth. Food storage is what will sustain. Invest in metals but get the stock pile you need to transact as little as possible in dangerous times. Kind of like a squirrel storing food for the winter
I see the major fiat curruancies collapsing at various rates. It will be a shock to the system and people. There will arise local currencies based on work done and/or material support of private property to a group project. Barter will fill some needs. Copper and other less precious metals will step in to fill the gaps.
Interesting points and insights.I think the companies will close,move to Europe and then continue trading with China,Russia etc.europe will probably buy them.A huge US brain drain basically....
Personally, I think (well the most likely common sense scenario) that either the dollar will be replaced with a new currency will be introduced for most of the world...either this will be the Yuan or a completely new currency, that will be backed immediately with gold to give it real value. People will have lost so much faith in currencies that the only answer will be to back it with gold...at that point though, gold may already be thousands of dollars an ounce (exc. inflation)
rates. This led to the bankruptcies of banks and corporations. The federal reserve then stepped in by seizing the assets of the bankrupt corporations and banks as securities for the "unwise" loans these corporations made during the period of low interest rates and easy credit (which the federal reserve itself created). The bailout of the corporations basically stole everyone's money and helped cover the bad loans made by the bankrupt companies. Btw your income tax is sent straight to the FED.
It's naive to think we'll be going back to some sort of barter economy or a gold standard economy if the dollar hits the fan. This whole recession/depression was purposely created to destroy the dollar and replace it with a global currency. The Federal Reserve, which is a private bank owned by families like Goldman, Sachs, Rockefeller;etc, lowered interest rates and flooded the market with money to produce the boom cycle and then systematically halted the production of money and raised interest
Valueless paper money will still be used as currency. The gov't has no plans and will have no plans to back paper money with gold or silver. The dollar would just be replaced with some sort of global credit currency or something digital. The debasing of the dollar right now is not an accidental result of incompetence but is planned and systematic to benefit banks and corporations.
I see the world having to go back to the gold standard and the gov. will be buying up silver to mint real money. collecting in small ammounts say a 500 monster box!. 500 oz of silver in 1 oz coins would be the ideal survivalist "money" ...I see silver industreal uses becoming the driving force for silver to someday be more valuble then gold. 20 yrs? 50 yrs? who knows. gold is horded, silver is consumed. simple math! screw gold buy silver!
The medium of exchange will always be "money", ie: the dollar in America. There is no realistic way of using silver, gold or other metals as a medium of exchange other than issuing coins minted with those metals. And, yes, precious metals have industrial uses but if the money system collapses there won't be any business activity or industrial production to use them, so you'll be stuck with metals that you cannot exchange for dollars OR for anything else.
@duxnbux13 Some of us will be unable to obtain gold or silver, or even Global money should that occur. So using paper for taxes, and barter for sustainable needs, well some of us are doing that already. Only use money when you have to.
A. As the dollar continues to lose value and the price of precious metals rises, people catch on and begin to invest in them. "PM fever" is on. By that point, however, the people who still have money can only purchase a few PMs that had just recently become expensive.
B. The less fortunate will find other mediums of exchange (food, etc.)
I forsee PMs being exchanged, as well as scenarios A and B.
B. The government (state or local) steps in to keep gold and silver transactions off the market, and might confiscate it. If they confiscate it, they might issue a gold backed currency since they have a majority of the gold. Even if they don't confiscate it, they might attempt to force new fiat currencies onto the people in their area......... Needless to say you can't force people to trust in a currency.
Just two possible situations.......not saying they're likely but they are possible.
A. Gold and silver become so sought after, the people who do have gold and silver are going to be the "ultra-rich," although not by our standards now. Basically if you don't have gold and silver, you're going to need to produce something to trade for it......... food, clothing, shelter, etc.
One thing you'll see in the coming years, is that all the people dependent on others, all the people dependent on an easy way of life are going to stay poor.
As for safety, you carry a gun and only carry small amounts with you at any one time. The rest stays in the safe.
Transactions are simpler if you have lots of silver dimes and quarters. Pre-1982 pennies will also be useful, as each is worth one thousandth an ounce of silver. Nickels, too, since they are actually worth one twentieth of a current US dollar, and will retain that purchasing power even when the paper dollar is worthless.
Those without gold or silver would need to barter.
Good question. Maybe it will be like the legend of a bell hop in 1923 Germany who received a small gold coin as a tip. Later when hyperinflation took over he was eventually able to buy the hotel with the coin.
My concern is more short term. What if the price manipulation is no longer sustainable? And before paper currency becomes worthless, the metals skyrocket making anybody holding it rich when they sell it. If someone says, "I just sold the silver that I bought for $100 and got $20,000 dollars on the sale. What a profit!" The problem is that if paper money is sure to become worthless soon, you are still stuck with it after the sale. What is the exit strategy?
Because timing is important when selling commodities because the price may not sustain the high once people start investing in mining when it becomes profitable enough to do so. Once mining starts in earnest, the supply increases and the price comes down again. Is there a sure fire way to preserve your wealth without always have to check the markets? Should it be rolled over into gold since gold is less volatile?
@Vicryl007 LAND has value. But taxes make it hard to maintain it. Loads of land that is oil or kerogen rich is being grabbed by the govt. I've seen reports stating it was actually for "collateral" for our debts.
THere's a fight right now to grab rights around here. We are Shale rich, and shale can be converted to natural gas and kerogen.
@NotaBeetleFan yes land has vaule only if you own it. If you pay property tax you dont own it the local government does.That why you need to ask permission to add or distroy and thing on there property.You only own it if you have an Allodial title the ofifical title.If you have this tilte no body can take it way,not for debt not for having slaves no person can take it. And if you have this tilte you can dril for oil and gold on your property. you can only get it in nevada and texas
I read of a village where everyone was starving except one family who had seen the famine coming and put away food. The others in the village killed them. I've thought about that and what I would do if a family came to my door and said "we are starving", And then another and another until I had no more food. What would I do? I don't know. I think it is the same with pm's in a "currency famine". We cannot exist in isolation, but can only exist as a group. I think you also know that. Community.
So the FTC is creating more money. Once they create money They immediately send the money to a foreign bank! That money disappears! Making you owe another oh 4Trillion dollars. You putting your money in gold makes it so you don't have any dollars. you have Gold. But your gold cannot be cataloged as earnings. As far as i know. its under Savings. So you send that money to a bank overseas. You still have access to it but your value goes UP! Where as if it were in American banks it would go down.
Americans want to start businesses. However the government is chargeing outlandish fees. Making it impossible to maintain or even begin a business. The only ones in business get bailouts by Obama and the FTC. Thoes companies are in works with Obama Bush and the Forean banks who control obama. Americans without businesses cant start or build work for other US citizens. So The American dollar drops. We're not producing anything. And if we do that item gets 300 different taxes laid on it by the FTC
All i can say is The Yen will be the most powerful currency. China is huge. You will see them as being very rich. You may want too just go there and never come back. As for the banks and FTradeR we will be mostlikely slaughtering them. it will be a matter of time before there Assasination for treason. Obama would mostlikely be the next target but honestly i think specific bank owners will be targeted next. But whatever will cut USA spending will be terminated. Ill explain.
For starters. Any place of business hiring illegal immigrants are supported by the banks who are robbing the American people. Walmart is one of them. Shop somewhere else.
Second you cash in your gold after you horde your money. When you want to go shopping you trade in your gold for whatever dollars. Euro dollars or Yen whatever money.
the dangers of trading with gold and silver is no more than if you carried 20's and hundreds or more, and could get robbed, or had goods you can't hide and need to protect, or if you want to make sure (as the situation may apply) you don't get kidnapped so you can be put to slave labour (which sadly does exist even today).
They are going to issue another currency if the dollar dies, and that currency will reflect the real value of USA;s assets.
In other words, it's gonna be incredible cheap compared to gold and silver, because the dollar was held as reserve currency (40% of all dollars are owned abroad), and the new currency will not.
You can take a look at other countries that has been into the same problems to get a picture of it. Gold and Silver ALWAYS holds its value, sell it for better currency.
what I think will happen, is that when inflation starts becoming rampant, government will move to impose price controls. Once price controls in US "legal tender" are enacted, many businesses will probably cease from doing transactions with US dollars, because they know that US dollars will not hold their value, plus they are getting fewer of them than what their product is worth. Because of the illegality of charging more for something because of price controls, black markets will emerge.
Actually, Zimbabwe is an interesting study. When their currency completely collapsed gold became the only money because the country was operating under currency controls.
Since the collapse they have had to put an end to the currency controls and now use US $, euros, and other currencies. Things have gotten much better.
Those with gold were able to bridge the gap and are now doing well against the remaining fiat currencies.
Walmart may not exist in the future. If the $ collapse the goods from China will go internally or to other countries. Trade and economies will most likely be local. We will not be alble to afford oil so no shipping which will also put big stores out of business unless they turn to the local economy.
If you are stuck in 401k...get self directed trading. I took my entire 401k...bought CENTRAL GOLD TRUST (GTU) Traded on the Amex. It's gone up $6k after owning it 4 months! The gold is allocated, stored in the Imperial bank of Canada. It's not loaned out on paper. It's real, secure and if you got sucked into 401k...then it's your best bet. I'd rather have physical, but if you can't because of 401k rules. Then the GTU is the way to go. Dollar is doomed. Obama inherited a fiat currency.
So did bush 2, clinton, bush 1, reagan, carter, and ford. What's your point? Also, if you can't roll over in your bed and touch your gold at 3am, then you have no gold. Take the hit. Sell completely out of your 401k and take control of the physical metal. If you don't you will be SCREWED!!!
These are the questions that I've noticed make a lot of the bullion folks a little queasy, lol.
I see you have already harvested the answers here, and made a new vid, so I'll just say that if the internet goes down, and each of us becomes an isolated bullion holder, it's gonna be tough.
I think bags of silver dimes would be a good thing to have also. 1 dime = 1 cheezeburger and fries, take it from there...
one more thing, I wouldn't be worrying about "buying a house/car" etc, if the currency collapses, if the shit hits the fan, people will go into survival mode, you're not necessarily worrying about buying your 'dream home', you're worried about how to feed yourself and your family, and keeping them safe.
any area w/ hyperinflation usually resorts to barter system. Don't count on the stores being open, in Zimbabwe, the store shelves were bare. There will be people with things to trade though. Gold/silver is just one thing you can barter. Get your hands on some if you can. But there will be other opportunities of things to trade, food, tools, medicine, etc, be well rounded in things to barter with, the main probably being food/water
established, the hoarded gold & silver can be converted over. Those that are not able to obtain PM before the fiat currency crash will see their savings evaporate. If their is a more stable government the PM can be converted into currency of the stable government. It is best that those who have PM not barter small transactions after the collapse, but barter services and other assets. On big transactions such as land acquisition if property law still exists, one can use PM as a method of exchange
Gold & Silver will not be a good method of exchange if the fiat currency system collapses. The reason for this is that there exists many mintings and forms of precious metals. The public will not be educated on the silver content of a '68 Canadian Quarter vs the content of a Wartime US Nickel or a Franklin Mint Art Bar. Larger denominations may be tampered with and may have to be assayed at every transaction. Instead they are a universally accepted store of value. Once a new fiat currency is...
I seriously doubt that there will be any order once this thing kicks off. That is the one thing I do not hear this gentleman speaking about. That Wal-Mart down the street from his house would probably have been robbed blind.GOLD, SILVER/ GUNS & FOOD. Of course, ammo as well.
say i have a $150,000 mortgage, and hyperinflation starts, and instead of say my mortgage being $300/wk, my repayments have to be $3000/wk etc..., will i lose my house as obviously i wont be able to meet these mortgage repayments? so property is only good if u own it outright, correct?? if u have a mortgage and hyperinflation starts, we are screwed as well!!??
not if you drip feed them some money. Luckily, you still have time to get your hands on physical silver. The last thing the bank wants to do is take an access that is worth less than the loan they originally gave out.
Great points about the acceptance of precious metals when only small % of population has them to trade. My solution is silver dimes. You don't have to test the metal or guess the weight. They are easy to transport and conceal.They will always be worth 10 cents USD. People will sell silver dimes for 10x face all day if you run classified ads.
Remember since the establishment of the Federal Reserve in 1913 the U.S dollar has devalued 95%.
Gold, silver, guns, ammunition, food, weed, tobacco, liquor, land; these are things that will ALWAYS have value, I think a barter system will be a temporary take over until some type of value is returned to notes, like a backing of gold or silver, maybe even platinum and/or copper..? The easiest thing to obtain and one of the most important is food, grow some food and you'll always have something to trade and barter with oh and you won't starve either..
Many are advising that we stock up on food now so that denominations wont be an issue. in a worse case scenario food and water will have more value than anything.
Most silver people are talking small increments such as 90% dimes, quarters and half dollars.
what about "the amero"?? i hear that its going to replace the dollar and will replace all currencies in south america including canada...a step towards "a one world government"....and that the u.s. govn't has allready begun making them
greek- that can still be a long way down the road. so in the mean time prepare the best you can and don't think too much about the amero...until you hear them openly talk about it. thx and please sub
@greekmonstervt91 the amero is a big question mark for now and is possible in the coming years. But a one world government is still 100 years away or even be near impossible.Have a look at history,the Romans,Greeks,Mongols,Japan,Germany. Every time each of those groups tried to take over the world and rule as a single group has all failed . The chinese are friends with the russians and americans but deep down they will have a go at each other if they had the chance.
@greekmonstervt91 a one world government is what the white man dreams of. The guys in suits and eats with silver forks and rules the land by sitting in his office and thinks that running his little land is the same as running other peoples land. The chinese and japanese hates each other. The russians hate the Americans. The arabs hate the turks. South america hates the United States .Those that plan for a one world government has rocks in their heads or die of old age trying as history has shown
It's good to have a few bags of junk silver (90% coins). Also, some grams of gold. These could be used for day to day transactions. A 100 oz silver bar will be hard to change for a purchase of a few bananas and a gallon of milk. But a silver quarter may be just right.
When the new US fiat currency is implemented after the Dollar collapse, that is when you trade in your precious metals - for the NEW fiat currency. The dollar will collapse, but will be REPLACED by a new system. Inbetween will be hard and this is where you need a food stock.
If paper money collapses, chain stores will disappear as their supply systems are too fragile. I see trade becoming more local as we won't be able to travel outside our immediate areas. Food will be our primary need. Barter will be the method and PM will be a part of that. Just look into the history of the collapse in Argentina for some insights. In case we devolve into a Mad Max society, you may want to invest now in leather, bones and feathers. An apocalypse is no excuse for poor costuming.
Growby10 is right about they have the power, but is only because we let them take it. The government rules outside of the constitution. There isn't any reference to a FED in it. American tax payer money controlled by an organization outside of the government controlled in secret by banks, only performing their duty in its on self interest. The only why to get control back is by using a currency not recognized by the FED
Someone may create a private currency of gold and silver coins of various sizes. They could melt your PMs into coins and keep a small % as their fee. Security will still be a problem, especially post government collapse . But as more people start to use PM coins and if they are in small enough denominations this problem will abate. This is what makes junk silver so useful. It's trusted and in small units (quarters and dimes). Canada, Australia, New Zealand and UK also have old silver coins
People may be compelled to seek alternate means to conduct their trade. PMs are a definite possibility, but given their relative scarcity, won't be the ONLY medium of exchange. Gold would likely be so valuable (relatively) that it would serve as a store of wealth more than as money. Silver would be exchanged for medium to large transactions. Banks and others may act as secure exchange brokers, and might moderate barter of varied commodities, both for safety, and to standardize value. =^[.]^=
Stores like Wal-Mart WILL set up a counter that takes gold and silver as payment. Since there will be a ton of bartering out there, they stores would be crazy not to take metals. They would much rather take metals than anything else. I beleive communities will bad together and form their own little "stores" for good and services as well as form their own guard patrols. They cities and counties will not be able to quell all the minor burglaries.
Things to get for yourself and barter: toothpaste, toothbrushes, mouthwashes, floss, waterless hand sanitizer, alchohol, peroxide, baby wipes, toilet tissue, paper towels, shampoo, cheap towels. Food will come later to get as they don't "shelve as well" Last thing: think about cheap clothes as backup. Payless shoes for $15 bucks. Buy ten pairs and trade food for them.
Two options. 1) Buy G&S for a long term investment. 2) Use your paper money to buy goods that can be traded. i.e. water, food, gas, alcohol, tobacco, guns, ammunition, camping supplies, hygiene & bathroom supplies, animals, fertilizer, and comfort supplies.
You should not buy tons of G&S for when the SHTF. This is a waste of paper money and a liability.
There will always be a currency, most likely digital, that will be used to buy goods. The big question for those like myself who own gold / siilver- Will there be a worldwide confiscation of gold / silver in order to back this coming digital currency? Very few educated on the subject want to discuss this likely scenerio. Just remember the level of corruptness you are dealing with concerning world governments.
That is actually how it worked originally anyways.
So really they will just substitute gold and silver for the dollar.
For example a combo at mcdonalds might be a 1000th gram of silver. You make the transaction w/ your debit / credit card and then it debits from the silver / gold you have on deposit w/ the bank. When you go to close your account, or withdrawl all of your funds they would pay back your weight of gold / silver. That is a classic gold standard.
My understanding is that gold and silver are the most liquid of assets so they can be converted into whatever form of currency may be in use after the American dollar is no longer the world's reserve currency. Also, gold and silver have intrinsic value so they can be used for bartering, if necessary.
Prices will be set the same way they are now. Depending on how much you need something you will have to set the price of your asset that your about to sell so that you get the money you need as fast as you need. If there are many biders you can put a higher price and few biders meanse lower price. Its simple and its clear
The Amero as a concept is not a 'conspiracy theory'. Canadian politician Herbert Grubel introduced the concept while a Reform Party of Canada member. The far- right party went through several metamorphoses before emerging as the current PC party, the party that is currently in power. Increased border security - some questionable - since 911 has slowed down the flow of commerce. There are renewed calls for a shared border and without doubt a common currency will also be tabled again.
I agree though with what 1adadada & kswatcher say... it just seems like a good way (for me) to preserve what little money I have.
On a grander scale (as to a solution), the system that makes the most sense (and the one I don't think I hear much about) is the idea of competing currencies... some way that the powers-that-be can't (as easily) manipulate and therefore control the whole situation.
all good questions... I don't think currency will go away or be worthless... I believe it will simply be worth "less". If this currency dies, there will be another to replace it ready. I believe that if that happens, the next currency will have to be backed by some kind of commodity or people will not trust it.
There are too many scenarios, but I believe banks will accept gold and silver for currency. In fact there will prolly still be APMEX and others who buy and sell gold and silver as usual
The only way I think it would make sense would be the following:
it will go back to before 1971, when the gov't backs the currency with a precious metal...the old currency will then be traded in on a fraction of the new currency...ie: 10 fiat for 1 backed..don't think there will be a lot of bartering or straight out physical being totted around....the other senario would be pure cashless society, with a microchip that has all personal info including finances, again backed by a precious metal.
I don't know that I would call gold and silver and investment for the average person. It is a matter of trying to preserve something for survival if the dollar is debased into worthlessness. It may also be taken away from us, and rendered illegal to own. Furthermore, if you look at charts from Weimar Germany, inflation and deflation will and can occur at the same time. Real estate and non essentials become worth almost nothing. The price of things like food skyrocket.
...The reason being is that they have no soul to them jewels are an external locus for what is fundamentally missing inside. No matter how much they have it is never enough because they are not really alive, hence their ability to pillage us and this earth.True humans have soemthing more precious and therfore have no permanant attatchment to PM's it is a means to an ends not an excuse for a life.
but whats the alternative? holding worthless fiat, or exchanging for cashless microchips?One thing I know is that the greedy nasties at the top will always want metal its a disease with them, one which holders of PM's can exploit. At the height of the second world war the nazi elite were obsessed with hoarding art, diamonds , jewels etc. Breznev for all his public communism, privately had a fleet of luxury cars and jewels. Mao, Marcos, Pinochet -all the same. We hold PM's to exploit the rich.
simple answer, those who dont have it will probably perish, or goto jail for theft, etc...so pretty much 100% of the population will have metals and trading will be simple!
2.Prior to this, lets assume silver will be worth $10/oz. Afterwards, assuming the 10-to-1 Amero to dollar ratio, silver will be worth 10 Ameros/oz. or $100/oz. However, since the major world banks are removing liquidity from the financial system, deflation will occur and precious metals may go down significantly in price prior to the Amero transition. Therefore, one should dollar cast average into PMs.
1. To answer these types of questions, one must understand the larger picture. The New World Orders goal is one world currency. This will be done in stages. The Euro replaced the European currencies; the Amero will replace North American currencies. The dollar is being brought down intentionally to facilitate the Amero transition. When the transition occurs, there will be an exchange rate that will allow the US debt to be servicable; e.g. One Amero equals ten dollars.
There was no Euro either, that is, until there was one. There is a currency war occurring between the West and the East. The outcome will be a gold standard. Guess who owns most of the gold? The Rothschild's family which is the primary player in the NWO. The dollar was used for the NWO to obtain most of the worlds supply of gold. It has served it's purpose. It will be discarded and replaced by the Amero and the Amero will be backed by gold.
Your comparison of the "Euro" to the so called "Amero" is really off. The Euro was a planned currency in which many of the european countries planned for almost a decade to implement..there was no financial crisis, it was a legitimate transformation. The Amero, is not in existance, you've been watching to many youtube videos. In fact, the so called "denver minting" of the Euro was debunked quite a while ago, as was the 800 billion shipment of "Ameros" to China. Amusing...
There are Amero coins being stamped using a Denver press that was sold to a private company. So, you are correct, the Amero does not exist as a currency. However, I did not state that it did. What I am saying is that the US$ will be replaced by a North American currency that may or may not be called the Amero. This new currency will be back by gold and the coins will be copper and silver.
Growby10: I'm not sure if this was mentioned before, but check out the documentary on the Zimbabwe hyperinflation, and how gold became the medium of exchange. For a country that has been in disarray for many years, the gold exchange seemed to be even somewhat orderly. Zimbabwe has experienced a huge decline in standard of living, yet it could still manage to demonstrate a functioning market where gold is being traded. Therefore, I believe it would function similarly as it would as displayed.
Good points. Like anything, don't put all your eggs in one basket. I'm putting SOME money in silver, where I didn't have any before. I think silver would be easier and more managable to buy things. Although I may take a loss on my investment, I don't think a total loss.
Hopefully we'll just obey the Constitution and use a federal credit system and not a private monetary system. If we did this we couldn't just declare the old system in bankruptcy and start paying our obligations with a federal credit based currency ( like Lincoln did to win the civil war) and not a debt based monetary system. and wallah no worries about the currency collapse or skyrocketing debt. or future obligations- with plenty of money to spare!!!
I expect many economies to come under alot of pressure in the coming years.
My G&S is an investment in a tradable currency/commodity. Even though I own G&S, I still have many of the Q's you have growby regarding a potential SHTF scenario.
I am having thoughts along the same lines, I watched a video made in Zimbabwe, and they were using small amounts of gold dug up from the local earth to purchase essentials. I speculate an underground economy forming in place of the traditional economy. No sales tax on transactions, and barter for the exchange of goods and services. They will not be permanent locations as the government will be inclined to bulldoze them into oblivion.
I agree Gold/Silver are not the realistic monetary system. GoldSilver can't fight the powerful politics. In Zimbawi, they used Gold to buy a load of bread and water in the worst time. But so do violence and guns. In the world where money become paper, forget about Gold an Silver. Own guns and know how to fight and survive. Cos there is nothing for you to lose anymore.
@chinadoll - "gold/silver can't fight powerful politics" - this is key to understanding that because we live in a world/country that is government controlled and live by their rules. they can do practically anything they want. they can make gold 1million dollar an oz or make it illegal. what can we do when they have the power and force to back it up.
I think the Gold Sliver people are blowing up bubbles too. 1st, I never trust Gold mine stocks. They are many times worse than Dollars. If you can't trust the US government, you sure as hell will never trust the guys who are running Gold Mines schemes. It's simply rule of thumb - common sense. Already proved more than 60% of them are scams.
Didn't the US gov't of 1933 make a gold confiscation order? -bar for $100 worth. Today I guess that would be a few $K. no saying what allowance might be written in a new law. If you get hyperinflation you could find that by the time you've sold your gold and got to the grocer, your dollars have devalued even more. I'd want to barter one thing of inherent value for another of inherent value. Hope this is just fear mongering or we're all in for a miserable time.
One problem for gold or silver coins is that there is not enought gold or silver available for the world economy to keep the wheels turning. That's why economic or political systems have left the attachment to gold reserves, especially the Euro is just and totally an abstract currency without a combined european gold reserve.
When the financial system should fall all will fall. Perhaps much later a new currency is based on gold and silver again but not in short term.
You will acquire gold and silver by working and trading. It will transform into small pieces that can be easily traded. All stores will have a window that can convert your gold into store credit. There are already stores that do this. I think you would be surprised how well this will work. I cant see this going on long term but if things deteriorate to this level it will happen along side of barter. Gold and silver is wealth storage and everyone accumulate wealth this way. Some already are.
Fiat money will lose value, but will still be there. So you will do as you do now, i.e. you would sell your gold or silver and with the paper money buy whatever you want.
Even if they change the current money system for another other fiat money or even better change it for a gold backed money, there will be paper money in use so you would be able to sell/exchange your gold.
the government will issue gold and silver with a chip or code included in it.That silver and gold will be worth 10 times the amount of our scrap gold and silver.
@bluzy - wow! never heard that before...i have to give this some thought. But, if they can do that for gold and silver...couldn't they also do it with ANY metal or even new paper currency? thanks for giving me something NEW to think about!!!
If we have gold/silv we'll go through it without a means of getting more so it would only last so long. Being a "horse trader" or having a "general store" that takes items in exchange for other items could lead to getting "some" metals in exchange- A handheld gram scale, metal cutters, small little quantities carried with a dumb luck story to keep low profile..gold and silver would be best used to by quantities of items(inventory) that there is a daily demand for/ for smaller daily exchanges-
@mainicbuyer - that is one of my main points. most of the population has no gold and silver...so can something that is in so few hands every be a medium of exchange? thanks for you great comments!
Ok, BANG!!! Huge event NOW unfolding- Collapse of Banks,etc. Would you rather have a tank of gas or a gold coin? Would you rather have camping supplies for this unexpected escape or Gold coins? I don't think gold/silver will be as common place as local bartering BUT those that can get gold/silver can barter with companies for the products more easily and quickly exchanged and needed on daily basis.
If you watch old west movies- trading went on in farmers mercantile stores
I don't think gold and silver will become mainstream means of exchange. Whenever it shows up it will have significant purchasing power. I will protect my gold with a mad max style glam rock gang.
I could see a farmers market and a money changer ( gold/silver) or even other items are exchanged for farmers market bucks that could be used..It could apply to a downtown chamber of commerce, etc. I think at the very least communities will have to establish an exchange and if we're to the point of using gold/silver we'll also be to the point of using a bushel of tomatoes, a kerosene heater, etc., anything people want/need and will exchange things for.
my belief is although of course gold and silver will become a form of currency and a store of tangible wealth, there will be many other forms of "buying power" e.g. goods for services, barter and trading of assets.
george4title did a youtube video on a store in the states that was taking silver as payment for items. The spot price of silver was used to give the current value of the metal. it was an interesting video, unfortunately the video is no longer available to view as a curious thing happened after he posted that video. his account was suspended.
The guy in the video did othe vids with george- he was buying gold/silver prior to the minimart and buys gold/silver at the store now. This is the guy george was working on referral with to send gold to. It still shows how it "could" work.
Trading in gold and silver is never going to happen. We live in a digital world. Trading will be digital. The problem we have now is that money can be created out of nothing with nothing backing it. This was not possible in roman times and is not possible now. What is needed is an anchoring of money to gold.
@leninstreet - the fact is...our lives would be destroyed right now if we were to start "trading" in gold and silver. that's a fact. and the transition to that economy would be long and painful. Most likely the government would not allow this in the first place. some other medium of exchange will be created before gold and silver could become money.
All it would take is a banking holiday, or the fed not backing bank customers or being slow to back them on a closure and most Americans would never trust digital anything , especially in hard times.
That's where gold comes in. If these digital dollars are redeemable in gold they will trust it. Forget about people trading in gold or silver coins. If society completely brakes down and government looses control then gold and silver are the only option. In any case the answer is gold and silver, well that and barter.
G & S represents a globally recognised tradeable commodity. It can be liquidated for cash practically anywhere at anytime.
Govt controls and criminal behaviour from individuals can and will hamper trade if the SHTF. G & S is not some magic metal creating a protective forcefield for it's owner amidst ever- expanding desperate Govts/Citizens. Most silver pieces are already worth alot more than a loaf of bread. G & S therefore is already currently not practical for small daily purchases.
@halfasheep - would you trade your precious food for gold and silver? would you risk trading your last can of campbell's soup for gold? if you hesitated for one second in your response..other would also. with less than 3% of the population owning precious metals...trading your food for gold or silver maybe a game of russian roulette. thanks for you comment!
If the SHTF I plan to move back to dad's farm in NZ ASAP if I have the chance, from Australia. I am invested in metals but don't see them as a silver bullet for anything. Going back to basics on some land will be the best bet. If the SHTF, this will likely be the lead in for a world currency. One or two. Any non compliance by rouge states will be delt with.
When you factor in the fact that many people (50%+) own wedding rings and silverware. When metals become money, they simply trade their jewelry/silverware in for a more liquid form of trade such tiny silver and gold coins.
@airdreamlove - who would trade to get your rights for more liquid forms of "tiny silver and gold coins"? And even after you trade your 2 rings..then what?
what can you trade to get more gold and silver? if gold and silver is that precious why would they trade it with what you have?
seeds seeds seeds will be better then that shit gold
MrDell67 3 months ago
I stopped at 4:53..... Ok lmao when paper money becomes worthless.... The people with gold and silver won't be buying cars and houses cuz 95% of the people in the world have no gold or silver, and it will be total anarchy/mayhem! Stupid fuck! My god think about it
mcrem32 5 months ago
depends walmart will probably close down in a hyperinflation period because thats what happens when the currency goes to crap then the black market takes up the slack. If you buy stuff thats half the value of say half oz of silver which would roughly 20 bucks you could take change in silver quarters or dimes or even regular change copper, silver and gold will stabilize to the point where people will know what they can get with it. its just adjusting to a new medium of exchange.
pdxeddie1111 9 months ago
@pdxeddie1111 wanted to add as far crime, it will have an initial surge as the police will be few but as it goes on people will get tired of it and it will become like the wild west where violent criminals will be dealt with citizens themselves. umm lynch mobs and firing squads, it wont be a good time for the criminals
pdxeddie1111 9 months ago
It's basically gonna be a street side craigslist add as far as the eye can see. Guns, "Precious Metals", Food / Water are going to be Non-Negotiable if you are foolish enough to trade for anything else. Riots, Looting, Mugging will be a daily battle. After a Month or so global population will reduce by more than half (starvation as the highest contender) and the 1% elite will be under Denver airport like Umbrella Corporation in Resident Evil.
pseudoprodigy 10 months ago
Are you sorry you sold your position?
I think there's still lots of time to get back in.
JohnnyHorton 11 months ago
If you have a lot of money to spend- $10,000 or more in precious metals I would buy 80% in 10oz bars and the rest in small coins and junk silver. That way you can have something that holds a large amount of your wealth and then a smaller amount for everyday transactions. In the end i dont think anyone is going to have a problem trading silver for a good. The seller would be an idiot to not take it.
NuclearSiege 11 months ago
why did you sell your gold if you think there's going to be hyperinflation?
JohnnyHorton 1 year ago
Guns and food
billnipp 1 year ago
Gold will be used like before with paper currency being tied to a gold standard hence forth the governments would then reprint different currencies and back them buy gold once again. For the people who have gold to trade in for this new currency well lets just say things will be better for them.
Theajtinoco 1 year ago
Are you kicking yourself now that gold is at $1400?. I bought in earlier this year and bought a bit more now.
ToyMaster83 1 year ago
Here's my opinion as a American. If we woke up tomorrow with a collapse of currency and government like you said you will be a "golden statue" You would need to hide your metals and tell no one. Your main objective is going to be "self" preservation. Food, water, self defence. Until some sort of order or new government is established were people can trade and have commerce again in a civil way. Hang with like minded people and organize.
ivegotamagicstix 1 year ago
my friends & i have gold,silver & cash. a situation that commonly arises is: someone is short on cash,they give a friend a coin of gold or silver for cash value at he time. the agreement being, the person who takes the coin & gives the cash, holds it until cash debt is paid back in full. this must be done between people who trust each other.
kingneddy 1 year ago
Shut you.
snitchboy12 1 year ago
Some people get real greedy and say.. Hmmmm ill wait because it will go up more, sure it will but everything has its peak and lows from 1200 a once to 5000 to 7000 i think thats a big profit. So those that hold on will lose big time. A new currency or order will be restored and there will be a new reserve currency which will flatten gold.GOld and silver is king because people lose confidence in paper money,take note that when a leader falls another one will rise in its place.
hanvo216 1 year ago
when the newspaper ,radio and every one talks about gold and silver, thats when you sell it or use it to trade for a home. Because if you hold it for too long there could be a chance that governments will confiscate gold and silver . So if you wait too long your gold and silver will just be used as spare change to buy food and small items. Use the gold and silver to buy when its still legal to do so. e.g gold how stands at 1200 if it rise to 5000 to 7000 its time to buy a house with it.
hanvo216 1 year ago
@hanvo216
but if you buy a house with it, they can raise the property taxes to what they want , than you loose the house to, so it really is a hard to know what to do....
missionaryoffaith 1 year ago
@missionaryoffaith raise the property taxes will scare away home buyers and the real estate market will go crooked. Real estate supports the economy. It supports. painters,carpenters ,brick layers,brick makers.truck drivers,petrol,jobs,real estate agents ,gardeners. So that is out of a question and if so it wont be much . raising it is suicide for any government that relies on stability in the real estate market. And the fact is all governments replies on it
hanvo216 1 year ago
@hanvo216 good point
missionaryoffaith 1 year ago
Comment removed
hanvo216 1 year ago
I understand your message and I believe that you have a very good point! Having items to Barter with would be far more important than Gold or Silver. If money were nothing, 3 cans of tuna would easily be worth an ounce of Silver. Fuel, food and water would be more valuable and consumable than Gold or Silver. This YouTube video is related to your question; Argentina: Surviving without money. Thank you for your posting.
professorcurtis 1 year ago
over all lets prepare spiritualy RECEIVE THE LORD JESUS CHRIST AND BE SAVED
laverlib 1 year ago
Who would trade an APPLE FOR A PIECE OF GOLD... when everybody is starving.
ijathenickman 1 year ago
I think the principle behind a hard asset is to be holding something that has actual value. When the collapse happens it will be very dangerous for anyone that has things of value. So gold and silver will be the best ways to create wealth but it will also be important to have real goods. Value equals things you
eddierisse1 1 year ago
need to live, so while gold and silver will store your wealth while the turmoil steals everyone elses, only use it when times become safer and money reestablishes itself through industry and growth. Food storage is what will sustain. Invest in metals but get the stock pile you need to transact as little as possible in dangerous times. Kind of like a squirrel storing food for the winter
eddierisse1 1 year ago
I see the major fiat curruancies collapsing at various rates. It will be a shock to the system and people. There will arise local currencies based on work done and/or material support of private property to a group project. Barter will fill some needs. Copper and other less precious metals will step in to fill the gaps.
BrettCloud 1 year ago
Interesting points and insights.I think the companies will close,move to Europe and then continue trading with China,Russia etc.europe will probably buy them.A huge US brain drain basically....
kevinharte27c 1 year ago
Personally, I think (well the most likely common sense scenario) that either the dollar will be replaced with a new currency will be introduced for most of the world...either this will be the Yuan or a completely new currency, that will be backed immediately with gold to give it real value. People will have lost so much faith in currencies that the only answer will be to back it with gold...at that point though, gold may already be thousands of dollars an ounce (exc. inflation)
geniusmarketing08 1 year ago
rates. This led to the bankruptcies of banks and corporations. The federal reserve then stepped in by seizing the assets of the bankrupt corporations and banks as securities for the "unwise" loans these corporations made during the period of low interest rates and easy credit (which the federal reserve itself created). The bailout of the corporations basically stole everyone's money and helped cover the bad loans made by the bankrupt companies. Btw your income tax is sent straight to the FED.
blahSOL 1 year ago
It's naive to think we'll be going back to some sort of barter economy or a gold standard economy if the dollar hits the fan. This whole recession/depression was purposely created to destroy the dollar and replace it with a global currency. The Federal Reserve, which is a private bank owned by families like Goldman, Sachs, Rockefeller;etc, lowered interest rates and flooded the market with money to produce the boom cycle and then systematically halted the production of money and raised interest
blahSOL 1 year ago
Valueless paper money will still be used as currency. The gov't has no plans and will have no plans to back paper money with gold or silver. The dollar would just be replaced with some sort of global credit currency or something digital. The debasing of the dollar right now is not an accidental result of incompetence but is planned and systematic to benefit banks and corporations.
blahSOL 1 year ago
I see the world having to go back to the gold standard and the gov. will be buying up silver to mint real money. collecting in small ammounts say a 500 monster box!. 500 oz of silver in 1 oz coins would be the ideal survivalist "money" ...I see silver industreal uses becoming the driving force for silver to someday be more valuble then gold. 20 yrs? 50 yrs? who knows. gold is horded, silver is consumed. simple math! screw gold buy silver!
johnywinslow 1 year ago
The medium of exchange will always be "money", ie: the dollar in America. There is no realistic way of using silver, gold or other metals as a medium of exchange other than issuing coins minted with those metals. And, yes, precious metals have industrial uses but if the money system collapses there won't be any business activity or industrial production to use them, so you'll be stuck with metals that you cannot exchange for dollars OR for anything else.
JackKangaroo1 1 year ago
GAGS= guns ammo gold & silver
scales....... using old US currency...... or cutting coins bars... pay by weight.... Food seeds - some kind of barter system......
if not everyone has it then they will be SOL.....
there sure as hell wont be gold and silver welfare....
duxnbux13 1 year ago
@duxnbux13 Some of us will be unable to obtain gold or silver, or even Global money should that occur. So using paper for taxes, and barter for sustainable needs, well some of us are doing that already. Only use money when you have to.
NotaBeetleFan 1 year ago
A. As the dollar continues to lose value and the price of precious metals rises, people catch on and begin to invest in them. "PM fever" is on. By that point, however, the people who still have money can only purchase a few PMs that had just recently become expensive.
B. The less fortunate will find other mediums of exchange (food, etc.)
I forsee PMs being exchanged, as well as scenarios A and B.
easilyannoyed 1 year ago
B. The government (state or local) steps in to keep gold and silver transactions off the market, and might confiscate it. If they confiscate it, they might issue a gold backed currency since they have a majority of the gold. Even if they don't confiscate it, they might attempt to force new fiat currencies onto the people in their area......... Needless to say you can't force people to trust in a currency.
Just two possible situations.......not saying they're likely but they are possible.
andrewh817 1 year ago
I see two possible scenarios:
A. Gold and silver become so sought after, the people who do have gold and silver are going to be the "ultra-rich," although not by our standards now. Basically if you don't have gold and silver, you're going to need to produce something to trade for it......... food, clothing, shelter, etc.
One thing you'll see in the coming years, is that all the people dependent on others, all the people dependent on an easy way of life are going to stay poor.
andrewh817 1 year ago
As for safety, you carry a gun and only carry small amounts with you at any one time. The rest stays in the safe.
Transactions are simpler if you have lots of silver dimes and quarters. Pre-1982 pennies will also be useful, as each is worth one thousandth an ounce of silver. Nickels, too, since they are actually worth one twentieth of a current US dollar, and will retain that purchasing power even when the paper dollar is worthless.
Those without gold or silver would need to barter.
MyNameIsChrisR 1 year ago
Good question. Maybe it will be like the legend of a bell hop in 1923 Germany who received a small gold coin as a tip. Later when hyperinflation took over he was eventually able to buy the hotel with the coin.
Iambusy3 1 year ago
My concern is more short term. What if the price manipulation is no longer sustainable? And before paper currency becomes worthless, the metals skyrocket making anybody holding it rich when they sell it. If someone says, "I just sold the silver that I bought for $100 and got $20,000 dollars on the sale. What a profit!" The problem is that if paper money is sure to become worthless soon, you are still stuck with it after the sale. What is the exit strategy?
MORCOPOLO0817 2 years ago
Because timing is important when selling commodities because the price may not sustain the high once people start investing in mining when it becomes profitable enough to do so. Once mining starts in earnest, the supply increases and the price comes down again. Is there a sure fire way to preserve your wealth without always have to check the markets? Should it be rolled over into gold since gold is less volatile?
MORCOPOLO0817 2 years ago
Use your gold and silver to buy income producing assets.
snarbywrx 1 year ago
Stock up with lots of food and water,, and most importantly Guns, guns and lots of ammo!!
Vicryl007 2 years ago 5
@Vicryl007 LAND has value. But taxes make it hard to maintain it. Loads of land that is oil or kerogen rich is being grabbed by the govt. I've seen reports stating it was actually for "collateral" for our debts.
THere's a fight right now to grab rights around here. We are Shale rich, and shale can be converted to natural gas and kerogen.
NotaBeetleFan 1 year ago
@NotaBeetleFan yes land has vaule only if you own it. If you pay property tax you dont own it the local government does.That why you need to ask permission to add or distroy and thing on there property.You only own it if you have an Allodial title the ofifical title.If you have this tilte no body can take it way,not for debt not for having slaves no person can take it. And if you have this tilte you can dril for oil and gold on your property. you can only get it in nevada and texas
andrewrosso 1 year ago
I read of a village where everyone was starving except one family who had seen the famine coming and put away food. The others in the village killed them. I've thought about that and what I would do if a family came to my door and said "we are starving", And then another and another until I had no more food. What would I do? I don't know. I think it is the same with pm's in a "currency famine". We cannot exist in isolation, but can only exist as a group. I think you also know that. Community.
ehswan 2 years ago
So the FTC is creating more money. Once they create money They immediately send the money to a foreign bank! That money disappears! Making you owe another oh 4Trillion dollars. You putting your money in gold makes it so you don't have any dollars. you have Gold. But your gold cannot be cataloged as earnings. As far as i know. its under Savings. So you send that money to a bank overseas. You still have access to it but your value goes UP! Where as if it were in American banks it would go down.
warsun99 2 years ago
Americans want to start businesses. However the government is chargeing outlandish fees. Making it impossible to maintain or even begin a business. The only ones in business get bailouts by Obama and the FTC. Thoes companies are in works with Obama Bush and the Forean banks who control obama. Americans without businesses cant start or build work for other US citizens. So The American dollar drops. We're not producing anything. And if we do that item gets 300 different taxes laid on it by the FTC
warsun99 2 years ago
All i can say is The Yen will be the most powerful currency. China is huge. You will see them as being very rich. You may want too just go there and never come back. As for the banks and FTradeR we will be mostlikely slaughtering them. it will be a matter of time before there Assasination for treason. Obama would mostlikely be the next target but honestly i think specific bank owners will be targeted next. But whatever will cut USA spending will be terminated. Ill explain.
warsun99 2 years ago
you mean yuan. the yen is japanese
sisseeboy 2 years ago
@warsun99 Really? "China is huge" so the Japanese currency will be the most powerful currency??
carrierpigeon 2 years ago
For starters. Any place of business hiring illegal immigrants are supported by the banks who are robbing the American people. Walmart is one of them. Shop somewhere else.
Second you cash in your gold after you horde your money. When you want to go shopping you trade in your gold for whatever dollars. Euro dollars or Yen whatever money.
warsun99 2 years ago
The great danger in buying "gold" is that today the cheap metal tungsten can be gold-plated and easilyhsold to suckers as real gold.
Many people have gold or certificates saying they own gold that is really fake gold.
If you have such a certificate DEMAND physical profession & have it tested by a real professional (and I'm not talking about your local jeweler).
DillonX 2 years ago
the dangers of trading with gold and silver is no more than if you carried 20's and hundreds or more, and could get robbed, or had goods you can't hide and need to protect, or if you want to make sure (as the situation may apply) you don't get kidnapped so you can be put to slave labour (which sadly does exist even today).
ytgv3fc7 2 years ago
The Amero currency will be introduced.
MrGilleland 2 years ago
They are going to issue another currency if the dollar dies, and that currency will reflect the real value of USA;s assets.
In other words, it's gonna be incredible cheap compared to gold and silver, because the dollar was held as reserve currency (40% of all dollars are owned abroad), and the new currency will not.
You can take a look at other countries that has been into the same problems to get a picture of it. Gold and Silver ALWAYS holds its value, sell it for better currency.
clarkcolt45 2 years ago
what I think will happen, is that when inflation starts becoming rampant, government will move to impose price controls. Once price controls in US "legal tender" are enacted, many businesses will probably cease from doing transactions with US dollars, because they know that US dollars will not hold their value, plus they are getting fewer of them than what their product is worth. Because of the illegality of charging more for something because of price controls, black markets will emerge.
Elasaltaculos 2 years ago
think of the fraud and counterfeiting that will ensue in precious metals when this happens!
EOTW2122 2 years ago
You only have to look at zimbabwe - their traders only accept gold as the currency is worthless
daveashe 2 years ago
Actually, Zimbabwe is an interesting study. When their currency completely collapsed gold became the only money because the country was operating under currency controls.
Since the collapse they have had to put an end to the currency controls and now use US $, euros, and other currencies. Things have gotten much better.
Those with gold were able to bridge the gap and are now doing well against the remaining fiat currencies.
Google: Alf Field Zimbabwe
frgtmygld 2 years ago 9
A lot of talks and very little point.
moniequa 2 years ago
Dmitry Orlov has a few youtube clips out where he makes comparisons of the impending u.s. collapse to the collapse in the u.s.s.r in the 90's.
one thing he mentioned was that those with wealth (gold and silver) would need a body guard.
he also mentioned that the situation in the states would be worse than in the ussr because of the dependence on transport.
services were more local in russia where here they are less local.
eg: local farms
womtullymun 2 years ago
Walmart may not exist in the future. If the $ collapse the goods from China will go internally or to other countries. Trade and economies will most likely be local. We will not be alble to afford oil so no shipping which will also put big stores out of business unless they turn to the local economy.
nsprphg 2 years ago 2
amen.
the national inflation association put out a clip where there is a grocery store that is trading in precious metals as well as fiat currency
womtullymun 2 years ago
If you are stuck in 401k...get self directed trading. I took my entire 401k...bought CENTRAL GOLD TRUST (GTU) Traded on the Amex. It's gone up $6k after owning it 4 months! The gold is allocated, stored in the Imperial bank of Canada. It's not loaned out on paper. It's real, secure and if you got sucked into 401k...then it's your best bet. I'd rather have physical, but if you can't because of 401k rules. Then the GTU is the way to go. Dollar is doomed. Obama inherited a fiat currency.
MrGreatLakesBuffalo 2 years ago
(Obama inherited a fiat currency. )
So did bush 2, clinton, bush 1, reagan, carter, and ford. What's your point? Also, if you can't roll over in your bed and touch your gold at 3am, then you have no gold. Take the hit. Sell completely out of your 401k and take control of the physical metal. If you don't you will be SCREWED!!!
2wereqd2 2 years ago
gold 1100$
u sold a bit too early, but at least u seem to be a smart guy and have money metals
Wittmann73 2 years ago
lots of guns and lots of bullets and go get some target practice
gone556 2 years ago
These are the questions that I've noticed make a lot of the bullion folks a little queasy, lol.
I see you have already harvested the answers here, and made a new vid, so I'll just say that if the internet goes down, and each of us becomes an isolated bullion holder, it's gonna be tough.
I think bags of silver dimes would be a good thing to have also. 1 dime = 1 cheezeburger and fries, take it from there...
nameofthepen 2 years ago
one more thing, I wouldn't be worrying about "buying a house/car" etc, if the currency collapses, if the shit hits the fan, people will go into survival mode, you're not necessarily worrying about buying your 'dream home', you're worried about how to feed yourself and your family, and keeping them safe.
mtwood992211 2 years ago
any area w/ hyperinflation usually resorts to barter system. Don't count on the stores being open, in Zimbabwe, the store shelves were bare. There will be people with things to trade though. Gold/silver is just one thing you can barter. Get your hands on some if you can. But there will be other opportunities of things to trade, food, tools, medicine, etc, be well rounded in things to barter with, the main probably being food/water
mtwood992211 2 years ago
established, the hoarded gold & silver can be converted over. Those that are not able to obtain PM before the fiat currency crash will see their savings evaporate. If their is a more stable government the PM can be converted into currency of the stable government. It is best that those who have PM not barter small transactions after the collapse, but barter services and other assets. On big transactions such as land acquisition if property law still exists, one can use PM as a method of exchange
NumisEX 2 years ago
Gold & Silver will not be a good method of exchange if the fiat currency system collapses. The reason for this is that there exists many mintings and forms of precious metals. The public will not be educated on the silver content of a '68 Canadian Quarter vs the content of a Wartime US Nickel or a Franklin Mint Art Bar. Larger denominations may be tampered with and may have to be assayed at every transaction. Instead they are a universally accepted store of value. Once a new fiat currency is...
NumisEX 2 years ago
I seriously doubt that there will be any order once this thing kicks off. That is the one thing I do not hear this gentleman speaking about. That Wal-Mart down the street from his house would probably have been robbed blind.GOLD, SILVER/ GUNS & FOOD. Of course, ammo as well.
SoCALI360 2 years ago
Numismatic gold coins is a great way to go! This was the only kind of gold that was not confiscated during the last great depression.
SoCALI360 2 years ago
say i have a $150,000 mortgage, and hyperinflation starts, and instead of say my mortgage being $300/wk, my repayments have to be $3000/wk etc..., will i lose my house as obviously i wont be able to meet these mortgage repayments? so property is only good if u own it outright, correct?? if u have a mortgage and hyperinflation starts, we are screwed as well!!??
beswick1111 2 years ago
nooo! if there is hyperinflation your debt will basically amount to nothing since it is dollars. Savings as well as debt will evaporate
halpyman 2 years ago 2
so say hyperinflation starts and my bank says my repayments are now $3000/wk, all i do is say NO i wont pay?
wouldnt they re possess my house?
beswick1111 2 years ago
not if you drip feed them some money. Luckily, you still have time to get your hands on physical silver. The last thing the bank wants to do is take an access that is worth less than the loan they originally gave out.
Seano71 2 years ago
no if man, inflation been here but it is getting worse.
pycoh5678 2 years ago 2
Great points about the acceptance of precious metals when only small % of population has them to trade. My solution is silver dimes. You don't have to test the metal or guess the weight. They are easy to transport and conceal.They will always be worth 10 cents USD. People will sell silver dimes for 10x face all day if you run classified ads.
Remember since the establishment of the Federal Reserve in 1913 the U.S dollar has devalued 95%.
Bassplayerthatsings 2 years ago
Gold, silver, guns, ammunition, food, weed, tobacco, liquor, land; these are things that will ALWAYS have value, I think a barter system will be a temporary take over until some type of value is returned to notes, like a backing of gold or silver, maybe even platinum and/or copper..? The easiest thing to obtain and one of the most important is food, grow some food and you'll always have something to trade and barter with oh and you won't starve either..
SK3Nives 2 years ago
I don't know what is going to happen here.
But in Zimbabwe, they do NOT accept Silver. They only accept Gold for transactions.
ardentsentry 2 years ago
how do u know do u live there?
beswick1111 2 years ago
In the Middle -East you simply buy and sell various amounts in your local jewelry shop. If it's a large amount, they bring it to your car for safety.
loai050 2 years ago
Many are advising that we stock up on food now so that denominations wont be an issue. in a worse case scenario food and water will have more value than anything.
Most silver people are talking small increments such as 90% dimes, quarters and half dollars.
Id say have plenty of both ahead of time.
seekerofgod7777777 2 years ago
what about "the amero"?? i hear that its going to replace the dollar and will replace all currencies in south america including canada...a step towards "a one world government"....and that the u.s. govn't has allready begun making them
greekmonstervt91 2 years ago
greek- that can still be a long way down the road. so in the mean time prepare the best you can and don't think too much about the amero...until you hear them openly talk about it. thx and please sub
Growby10 2 years ago
@greekmonstervt91 the amero is a big question mark for now and is possible in the coming years. But a one world government is still 100 years away or even be near impossible.Have a look at history,the Romans,Greeks,Mongols,Japan,Germany. Every time each of those groups tried to take over the world and rule as a single group has all failed . The chinese are friends with the russians and americans but deep down they will have a go at each other if they had the chance.
hanvo216 1 year ago
@greekmonstervt91 a one world government is what the white man dreams of. The guys in suits and eats with silver forks and rules the land by sitting in his office and thinks that running his little land is the same as running other peoples land. The chinese and japanese hates each other. The russians hate the Americans. The arabs hate the turks. South america hates the United States .Those that plan for a one world government has rocks in their heads or die of old age trying as history has shown
hanvo216 1 year ago
It's good to have a few bags of junk silver (90% coins). Also, some grams of gold. These could be used for day to day transactions. A 100 oz silver bar will be hard to change for a purchase of a few bananas and a gallon of milk. But a silver quarter may be just right.
bammbamm12 2 years ago
When the new US fiat currency is implemented after the Dollar collapse, that is when you trade in your precious metals - for the NEW fiat currency. The dollar will collapse, but will be REPLACED by a new system. Inbetween will be hard and this is where you need a food stock.
residentzombie 2 years ago 2
If paper money collapses, chain stores will disappear as their supply systems are too fragile. I see trade becoming more local as we won't be able to travel outside our immediate areas. Food will be our primary need. Barter will be the method and PM will be a part of that. Just look into the history of the collapse in Argentina for some insights. In case we devolve into a Mad Max society, you may want to invest now in leather, bones and feathers. An apocalypse is no excuse for poor costuming.
cammoguy 2 years ago 3
see FierceEyedTiger channel 'grocery store begin to accept silver' video....
WTU208 2 years ago
Growby10 is right about they have the power, but is only because we let them take it. The government rules outside of the constitution. There isn't any reference to a FED in it. American tax payer money controlled by an organization outside of the government controlled in secret by banks, only performing their duty in its on self interest. The only why to get control back is by using a currency not recognized by the FED
wirealias 2 years ago
Someone may create a private currency of gold and silver coins of various sizes. They could melt your PMs into coins and keep a small % as their fee. Security will still be a problem, especially post government collapse . But as more people start to use PM coins and if they are in small enough denominations this problem will abate. This is what makes junk silver so useful. It's trusted and in small units (quarters and dimes). Canada, Australia, New Zealand and UK also have old silver coins
waldentree 2 years ago
check out my channel for a video i uploaded for how great the gold standard is!
Also check out Byron Dale "can we go to gold" he lays it down like a champ!
tomozope 2 years ago
People may be compelled to seek alternate means to conduct their trade. PMs are a definite possibility, but given their relative scarcity, won't be the ONLY medium of exchange. Gold would likely be so valuable (relatively) that it would serve as a store of wealth more than as money. Silver would be exchanged for medium to large transactions. Banks and others may act as secure exchange brokers, and might moderate barter of varied commodities, both for safety, and to standardize value. =^[.]^=
Raycheetah 2 years ago
Stores like Wal-Mart WILL set up a counter that takes gold and silver as payment. Since there will be a ton of bartering out there, they stores would be crazy not to take metals. They would much rather take metals than anything else. I beleive communities will bad together and form their own little "stores" for good and services as well as form their own guard patrols. They cities and counties will not be able to quell all the minor burglaries.
im4osu2ru 2 years ago
Things to get for yourself and barter: toothpaste, toothbrushes, mouthwashes, floss, waterless hand sanitizer, alchohol, peroxide, baby wipes, toilet tissue, paper towels, shampoo, cheap towels. Food will come later to get as they don't "shelve as well" Last thing: think about cheap clothes as backup. Payless shoes for $15 bucks. Buy ten pairs and trade food for them.
im4osu2ru 2 years ago
Two options. 1) Buy G&S for a long term investment. 2) Use your paper money to buy goods that can be traded. i.e. water, food, gas, alcohol, tobacco, guns, ammunition, camping supplies, hygiene & bathroom supplies, animals, fertilizer, and comfort supplies.
You should not buy tons of G&S for when the SHTF. This is a waste of paper money and a liability.
R1phish 2 years ago
There will always be a currency, most likely digital, that will be used to buy goods. The big question for those like myself who own gold / siilver- Will there be a worldwide confiscation of gold / silver in order to back this coming digital currency? Very few educated on the subject want to discuss this likely scenerio. Just remember the level of corruptness you are dealing with concerning world governments.
tim3687 2 years ago
I have Chinese friend who told me it is a tradition and good luck to give Gold as gift for a newborn baby.
No US Savings Bonds or Cash.....SMART!!
buzzz1213 2 years ago 2
That is actually how it worked originally anyways.
So really they will just substitute gold and silver for the dollar.
For example a combo at mcdonalds might be a 1000th gram of silver. You make the transaction w/ your debit / credit card and then it debits from the silver / gold you have on deposit w/ the bank. When you go to close your account, or withdrawl all of your funds they would pay back your weight of gold / silver. That is a classic gold standard.
yogiudo 2 years ago
They will go to an electronic currency backed by gold & silver.
IE - you would take a portion of gold to the bank and they would put it in your electronic account, so that you can debit / credit in gold.
Then you can go to your bank and withdrawl gold or silver at any time directly from the banks.
yogiudo 2 years ago
In order for that to happen the price of gold/silver would have to be priced very high in order to accomodate all the people in the world.
buzzz1213 2 years ago
My understanding is that gold and silver are the most liquid of assets so they can be converted into whatever form of currency may be in use after the American dollar is no longer the world's reserve currency. Also, gold and silver have intrinsic value so they can be used for bartering, if necessary.
Philokalia 2 years ago
Prices will be set the same way they are now. Depending on how much you need something you will have to set the price of your asset that your about to sell so that you get the money you need as fast as you need. If there are many biders you can put a higher price and few biders meanse lower price. Its simple and its clear
Warzoooooo 2 years ago
The Amero as a concept is not a 'conspiracy theory'. Canadian politician Herbert Grubel introduced the concept while a Reform Party of Canada member. The far- right party went through several metamorphoses before emerging as the current PC party, the party that is currently in power. Increased border security - some questionable - since 911 has slowed down the flow of commerce. There are renewed calls for a shared border and without doubt a common currency will also be tabled again.
TheDorkOfEarl 2 years ago 2
Gold is for kings, silver is for the wealthy and barter for the peasants (most sheeple) the rest will be dead poor beggers, thieves or locked up.
edmack4me 2 years ago
I agree though with what 1adadada & kswatcher say... it just seems like a good way (for me) to preserve what little money I have.
On a grander scale (as to a solution), the system that makes the most sense (and the one I don't think I hear much about) is the idea of competing currencies... some way that the powers-that-be can't (as easily) manipulate and therefore control the whole situation.
JohnLeeMD 2 years ago
all good questions... I don't think currency will go away or be worthless... I believe it will simply be worth "less". If this currency dies, there will be another to replace it ready. I believe that if that happens, the next currency will have to be backed by some kind of commodity or people will not trust it.
There are too many scenarios, but I believe banks will accept gold and silver for currency. In fact there will prolly still be APMEX and others who buy and sell gold and silver as usual
magichandpuppet 2 years ago
The only way I think it would make sense would be the following:
it will go back to before 1971, when the gov't backs the currency with a precious metal...the old currency will then be traded in on a fraction of the new currency...ie: 10 fiat for 1 backed..don't think there will be a lot of bartering or straight out physical being totted around....the other senario would be pure cashless society, with a microchip that has all personal info including finances, again backed by a precious metal.
mark7996 2 years ago
I don't know that I would call gold and silver and investment for the average person. It is a matter of trying to preserve something for survival if the dollar is debased into worthlessness. It may also be taken away from us, and rendered illegal to own. Furthermore, if you look at charts from Weimar Germany, inflation and deflation will and can occur at the same time. Real estate and non essentials become worth almost nothing. The price of things like food skyrocket.
kswatcher 2 years ago
EVERYONE has gold and silver.
Gold jewelry and silver knives and forks.
zappos49 2 years ago
2 words,,,Black Market
Glsfutrs 2 years ago
...The reason being is that they have no soul to them jewels are an external locus for what is fundamentally missing inside. No matter how much they have it is never enough because they are not really alive, hence their ability to pillage us and this earth.True humans have soemthing more precious and therfore have no permanant attatchment to PM's it is a means to an ends not an excuse for a life.
1adadada 2 years ago
but whats the alternative? holding worthless fiat, or exchanging for cashless microchips?One thing I know is that the greedy nasties at the top will always want metal its a disease with them, one which holders of PM's can exploit. At the height of the second world war the nazi elite were obsessed with hoarding art, diamonds , jewels etc. Breznev for all his public communism, privately had a fleet of luxury cars and jewels. Mao, Marcos, Pinochet -all the same. We hold PM's to exploit the rich.
1adadada 2 years ago
simple answer, those who dont have it will probably perish, or goto jail for theft, etc...so pretty much 100% of the population will have metals and trading will be simple!
tannedking187 2 years ago
2.Prior to this, lets assume silver will be worth $10/oz. Afterwards, assuming the 10-to-1 Amero to dollar ratio, silver will be worth 10 Ameros/oz. or $100/oz. However, since the major world banks are removing liquidity from the financial system, deflation will occur and precious metals may go down significantly in price prior to the Amero transition. Therefore, one should dollar cast average into PMs.
donharlan1 2 years ago
1. To answer these types of questions, one must understand the larger picture. The New World Orders goal is one world currency. This will be done in stages. The Euro replaced the European currencies; the Amero will replace North American currencies. The dollar is being brought down intentionally to facilitate the Amero transition. When the transition occurs, there will be an exchange rate that will allow the US debt to be servicable; e.g. One Amero equals ten dollars.
donharlan1 2 years ago
There is no "Amero" and not all euro countries participated in the Euro transition
wrinkles1931 2 years ago
There was no Euro either, that is, until there was one. There is a currency war occurring between the West and the East. The outcome will be a gold standard. Guess who owns most of the gold? The Rothschild's family which is the primary player in the NWO. The dollar was used for the NWO to obtain most of the worlds supply of gold. It has served it's purpose. It will be discarded and replaced by the Amero and the Amero will be backed by gold.
donharlan1 2 years ago
Your comparison of the "Euro" to the so called "Amero" is really off. The Euro was a planned currency in which many of the european countries planned for almost a decade to implement..there was no financial crisis, it was a legitimate transformation. The Amero, is not in existance, you've been watching to many youtube videos. In fact, the so called "denver minting" of the Euro was debunked quite a while ago, as was the 800 billion shipment of "Ameros" to China. Amusing...
wrinkles1931 2 years ago
There are Amero coins being stamped using a Denver press that was sold to a private company. So, you are correct, the Amero does not exist as a currency. However, I did not state that it did. What I am saying is that the US$ will be replaced by a North American currency that may or may not be called the Amero. This new currency will be back by gold and the coins will be copper and silver.
donharlan1 2 years ago
Growby10: I'm not sure if this was mentioned before, but check out the documentary on the Zimbabwe hyperinflation, and how gold became the medium of exchange. For a country that has been in disarray for many years, the gold exchange seemed to be even somewhat orderly. Zimbabwe has experienced a huge decline in standard of living, yet it could still manage to demonstrate a functioning market where gold is being traded. Therefore, I believe it would function similarly as it would as displayed.
Jpiedro 2 years ago
Good points. Like anything, don't put all your eggs in one basket. I'm putting SOME money in silver, where I didn't have any before. I think silver would be easier and more managable to buy things. Although I may take a loss on my investment, I don't think a total loss.
van1976 2 years ago
Currently normal store transactions occur with cash, checks or cards. Other assets must be changed into these forms before transactions take place.
Changing precious metals into these forms is similiar to changing a CD or Savings Account into a checking account so you can write a check.
For PMs, however, the change occurs at a jewelry store or coin shop.
This is a drawback as there is no uniformity and less security.
There will be lines outside these exchanges. The risk will be worth it.
emolenda 2 years ago
Hopefully we'll just obey the Constitution and use a federal credit system and not a private monetary system. If we did this we couldn't just declare the old system in bankruptcy and start paying our obligations with a federal credit based currency ( like Lincoln did to win the civil war) and not a debt based monetary system. and wallah no worries about the currency collapse or skyrocketing debt. or future obligations- with plenty of money to spare!!!
jddurgin 2 years ago
Drug Cartels in Mexico and in Columbia are already using gold as a trading currency, they are no longer using USA Dollars anymore!
vsaldanas 2 years ago
I expect many economies to come under alot of pressure in the coming years.
My G&S is an investment in a tradable currency/commodity. Even though I own G&S, I still have many of the Q's you have growby regarding a potential SHTF scenario.
halfasheep 2 years ago
we are actually in stagflation i think. hope the fed gets audited then maybe there will be some lengthy jail terms.
wychoba 2 years ago 2
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erushbass 2 years ago
a bag a bread( or a chic fil a sandwhich) or a cup of rice could be money, this is what they used to do in Japan during the Tokuwaga rein.
dapmp91 2 years ago
I am having thoughts along the same lines, I watched a video made in Zimbabwe, and they were using small amounts of gold dug up from the local earth to purchase essentials. I speculate an underground economy forming in place of the traditional economy. No sales tax on transactions, and barter for the exchange of goods and services. They will not be permanent locations as the government will be inclined to bulldoze them into oblivion.
oppressedinjc 2 years ago
I agree Gold/Silver are not the realistic monetary system. GoldSilver can't fight the powerful politics. In Zimbawi, they used Gold to buy a load of bread and water in the worst time. But so do violence and guns. In the world where money become paper, forget about Gold an Silver. Own guns and know how to fight and survive. Cos there is nothing for you to lose anymore.
overseachininadoll 2 years ago 2
@chinadoll - "gold/silver can't fight powerful politics" - this is key to understanding that because we live in a world/country that is government controlled and live by their rules. they can do practically anything they want. they can make gold 1million dollar an oz or make it illegal. what can we do when they have the power and force to back it up.
thank you for your great comments!
Growby10 2 years ago
I think the Gold Sliver people are blowing up bubbles too. 1st, I never trust Gold mine stocks. They are many times worse than Dollars. If you can't trust the US government, you sure as hell will never trust the guys who are running Gold Mines schemes. It's simply rule of thumb - common sense. Already proved more than 60% of them are scams.
overseachininadoll 2 years ago 2
@ chinadoll - true true true! beware of gold mining stocks!
Growby10 2 years ago
Didn't the US gov't of 1933 make a gold confiscation order? -bar for $100 worth. Today I guess that would be a few $K. no saying what allowance might be written in a new law. If you get hyperinflation you could find that by the time you've sold your gold and got to the grocer, your dollars have devalued even more. I'd want to barter one thing of inherent value for another of inherent value. Hope this is just fear mongering or we're all in for a miserable time.
MyOddSock 2 years ago
did you notice anything different about las vegas
or97035 2 years ago
One problem for gold or silver coins is that there is not enought gold or silver available for the world economy to keep the wheels turning. That's why economic or political systems have left the attachment to gold reserves, especially the Euro is just and totally an abstract currency without a combined european gold reserve.
When the financial system should fall all will fall. Perhaps much later a new currency is based on gold and silver again but not in short term.
artfantasies 2 years ago
You will acquire gold and silver by working and trading. It will transform into small pieces that can be easily traded. All stores will have a window that can convert your gold into store credit. There are already stores that do this. I think you would be surprised how well this will work. I cant see this going on long term but if things deteriorate to this level it will happen along side of barter. Gold and silver is wealth storage and everyone accumulate wealth this way. Some already are.
Bassmarko 2 years ago
Fiat money will lose value, but will still be there. So you will do as you do now, i.e. you would sell your gold or silver and with the paper money buy whatever you want.
Even if they change the current money system for another other fiat money or even better change it for a gold backed money, there will be paper money in use so you would be able to sell/exchange your gold.
ameetcoeur 2 years ago 2
a silver dime will be worth 5 dollars and so on.
bluzy25 2 years ago
the government will issue gold and silver with a chip or code included in it.That silver and gold will be worth 10 times the amount of our scrap gold and silver.
bluzy25 2 years ago
@bluzy - wow! never heard that before...i have to give this some thought. But, if they can do that for gold and silver...couldn't they also do it with ANY metal or even new paper currency? thanks for giving me something NEW to think about!!!
Growby10 2 years ago
I just know they will find some way to screw the people who were think ahead and bought gold and silver!
bluzy25 2 years ago
If we have gold/silv we'll go through it without a means of getting more so it would only last so long. Being a "horse trader" or having a "general store" that takes items in exchange for other items could lead to getting "some" metals in exchange- A handheld gram scale, metal cutters, small little quantities carried with a dumb luck story to keep low profile..gold and silver would be best used to by quantities of items(inventory) that there is a daily demand for/ for smaller daily exchanges-
manicbuyer 2 years ago
@mainicbuyer - that is one of my main points. most of the population has no gold and silver...so can something that is in so few hands every be a medium of exchange? thanks for you great comments!
Growby10 2 years ago
Ok, BANG!!! Huge event NOW unfolding- Collapse of Banks,etc. Would you rather have a tank of gas or a gold coin? Would you rather have camping supplies for this unexpected escape or Gold coins? I don't think gold/silver will be as common place as local bartering BUT those that can get gold/silver can barter with companies for the products more easily and quickly exchanged and needed on daily basis.
If you watch old west movies- trading went on in farmers mercantile stores
manicbuyer 2 years ago
@manicbuyer - great examples!!!! thanks for your insightful comments!
Growby10 2 years ago
I don't think gold and silver will become mainstream means of exchange. Whenever it shows up it will have significant purchasing power. I will protect my gold with a mad max style glam rock gang.
patriotsundergod 2 years ago
@patriot - this is very likely outcome. Again, even if gold and silver is NOT a medium of exchange, it can still have significant value.
Growby10 2 years ago
I could see a farmers market and a money changer ( gold/silver) or even other items are exchanged for farmers market bucks that could be used..It could apply to a downtown chamber of commerce, etc. I think at the very least communities will have to establish an exchange and if we're to the point of using gold/silver we'll also be to the point of using a bushel of tomatoes, a kerosene heater, etc., anything people want/need and will exchange things for.
manicbuyer 2 years ago
my belief is although of course gold and silver will become a form of currency and a store of tangible wealth, there will be many other forms of "buying power" e.g. goods for services, barter and trading of assets.
bobsanigar 2 years ago
george4title did a youtube video on a store in the states that was taking silver as payment for items. The spot price of silver was used to give the current value of the metal. it was an interesting video, unfortunately the video is no longer available to view as a curious thing happened after he posted that video. his account was suspended.
bobsanigar 2 years ago
The guy in the video did othe vids with george- he was buying gold/silver prior to the minimart and buys gold/silver at the store now. This is the guy george was working on referral with to send gold to. It still shows how it "could" work.
manicbuyer 2 years ago 2
Are there any historical presidents for worthless fiat currency ? Argentina and Zimbabwe come to mind.
DavidAKZ 2 years ago
Trading in gold and silver is never going to happen. We live in a digital world. Trading will be digital. The problem we have now is that money can be created out of nothing with nothing backing it. This was not possible in roman times and is not possible now. What is needed is an anchoring of money to gold.
leninstreet 2 years ago
@leninstreet - the fact is...our lives would be destroyed right now if we were to start "trading" in gold and silver. that's a fact. and the transition to that economy would be long and painful. Most likely the government would not allow this in the first place. some other medium of exchange will be created before gold and silver could become money.
Growby10 2 years ago
All it would take is a banking holiday, or the fed not backing bank customers or being slow to back them on a closure and most Americans would never trust digital anything , especially in hard times.
manicbuyer 2 years ago
That's where gold comes in. If these digital dollars are redeemable in gold they will trust it. Forget about people trading in gold or silver coins. If society completely brakes down and government looses control then gold and silver are the only option. In any case the answer is gold and silver, well that and barter.
leninstreet 2 years ago
G & S will need to be traded for other commodities of comparitive worth or the local cash.
halfasheep 2 years ago
G & S represents a globally recognised tradeable commodity. It can be liquidated for cash practically anywhere at anytime.
Govt controls and criminal behaviour from individuals can and will hamper trade if the SHTF. G & S is not some magic metal creating a protective forcefield for it's owner amidst ever- expanding desperate Govts/Citizens. Most silver pieces are already worth alot more than a loaf of bread. G & S therefore is already currently not practical for small daily purchases.
halfasheep 2 years ago
@halfasheep - would you trade your precious food for gold and silver? would you risk trading your last can of campbell's soup for gold? if you hesitated for one second in your response..other would also. with less than 3% of the population owning precious metals...trading your food for gold or silver maybe a game of russian roulette. thanks for you comment!
Growby10 2 years ago
If the SHTF I plan to move back to dad's farm in NZ ASAP if I have the chance, from Australia. I am invested in metals but don't see them as a silver bullet for anything. Going back to basics on some land will be the best bet. If the SHTF, this will likely be the lead in for a world currency. One or two. Any non compliance by rouge states will be delt with.
halfasheep 2 years ago 3
When you factor in the fact that many people (50%+) own wedding rings and silverware. When metals become money, they simply trade their jewelry/silverware in for a more liquid form of trade such tiny silver and gold coins.
airdreamlove 2 years ago
@airdreamlove - who would trade to get your rights for more liquid forms of "tiny silver and gold coins"? And even after you trade your 2 rings..then what?
what can you trade to get more gold and silver? if gold and silver is that precious why would they trade it with what you have?
thanks!
Growby10 2 years ago