Myths about economic collapse

A few ideas about the economic collapse that I think are misconceptions.

Category:

Education

Tags:

• economic collapse
• financial collapse
• hyperinflation
• preparations
• gold
• silver
• THE
• LORD
• HUMUNGUS
• RULES
• WASTELAND

[waldentree]

A single bullet has more intrinsic value than a kilo of gold in a SHTF scenario. Would you want a pretty paper weight or the ability to kill something? The physical properties of gold allow it to be used as money very easily, this is it's main 'intrinsic' value, the rest is largely subjective/cultural. Gold is not as different from paper money as people think.

[TheLordHumungus]

@waldentree

you are making assumptions based on what YOU think a 'SHTF' scenario will look like. How about offering some, ANY evidence that suggests bullets will be sought after more than gold/silver? I look at all the times in history that could be described as 'SHTF' to try and figure out what will happen. Do you think the people in Wiemar republic, Zimbabwe, Argentina, Yugoslavia, Great Depression, etc would rather have bullets or the "pretty paperweights' made of gold?

[dendog21]

Myself, I would much rather trade for some batteries or a gallon of oil than i would a pound of gold. I think gold and silver will lose its value until society rebuilt

[TheLordHumungus]

@dendog21

it is very unlikely that there will be some kind of world-wide collapse so severe that gold will be worthless all across the globe. even if our economy, cgovernment, and infrastructure completely implode, gold will still be bought and sold daily in hundreds of other countries around the world.

[siszam]

People do not understand that old coins have silver. Even those who do are so stupid they still don't get it. I know this girl who is a cashier. I pay her face value for all the old junk silver she brings me. I told her I collect it for the silver content. She just didn't get it and she still charges me face value. LOL. Good for me.

[anyname666]

@myusernameisluc

no counter - counter points???

or did you really give up??

[anyname666]

@myusernameisluc

OK then your threats of quitting were predictable.

Kenny over at CNI (golddealer dot) has been sending me publications for 30 years urging me to start buying PM's. I of course got to gloat for 28 years & now he is smiling. Instead I bought RE & prospered. Any numbskull knows that it is NOT "illegal" in ALL countries to trade gold for merchandise. Yet in almost all countries the gold is first turned into paper.

Not the paper but the governments behind the paper that fall

[myusernameisluc]

@BuckeyeSparky

That is one of hundreds of economic collapse scenario's. There could also be a giant meteor strike that wipes humanity out of existence. Prepping would be entirely useless. That's not really an argument though.

[babelfishdude]

In a true SHTF scenario like WWII, you have to look at what was in the most demand.

It wasn't copper, silver or gold. It was nickel. Nickel was in such high demand for those four years, that they replaced the 1.25 grams in the US nickel with 1.4 grams of silver. Yes, if things get so bad - Nickel is worth more than silver.

[alexanderkarl11la]

Oh and there will be a few bumps along the way!!..lol..lol

[alexanderkarl11la]

It seems more & more to me that the shit will slide very very very very very veeeeeeeryy slowly on to the fan.

A lot of people are looking at a sudden catostrophic implosion which dosent really fit into the day in day out reality we are living.

Just a thought

[ETHIOLOGIST1]

Many are trying to prep on a limited budget, so having the money to invest in metals is unlikely. However, to know how to make soap, bread, toilet paper(!) rope, blankets, bug repellent, even underwear, are skills that produce items of needed and tradeable value. If our currency is replaced, it has likelihood of being made of plastic, integrated electronically with a bank account. Employers already prefer direct deposit and many pay bills by auto-deduction. Physical money = dinosaur.

[BuckeyeSparky]

Honestly if a full on collapse happens people will not be interested in silver or gold. People will be starving and wanting food and water. If the country gets back on its feet after a collapse then I can see silver coming into play.

[Will224000]

@waldentree ...you could always hit them on the head with your gold paper weight...