Gold & Silver in a economic collapse

Thought on gold/ silver before and after and economic collapse.

Category:

People & Blogs

Tags:

• gold
• economic
• collapse
• SHTF
• BoB

[hotheadedjoelhaha]

O.K. Let's get this all straight. If, No. when this happens. Do you Think that you are going to be living where you are living now? And then Bulk, we can talk about the BULK of the items you are talking about. U mention Katrina, FIRST thing they did was Break down doors and took Guns and MADE U LEAVE your house where ALL your stuff is! So IF you can leave your house with just a few ozs of Silver/Gold, Uwill find Someone to trade with. Yes food, more important. Ya gonna carry it all or?

[catdoc541]

@hotheadedjoelhaha It depends on what happens. If it gets too bad I will not be at home. I store some supplies at home but most is in a defendable retreat with several other like minded people. As far as being forced to leave, that depends on where you live, the building you live in as well as your resolve.

[catdoc541]

@hotheadedjoelhaha It depends on what happens. If it gets too bad I will not be at home. I store some supplies at home but most is in a defendable retreat with several other like minded people. As far as being forced to leave, that depends on where you live, the building you live in as well as your resolve.

[mtwood992211]

if you have food storage, chances are that you won't want to part for it for ANY reason. But you can have both food storage AND barter items such as gold/silver/ammo, etc to trade for other items that you don't have stored

[catdoc541]

@mtwood992211 With most of us on a limited budget, you are making the same trade. Right now if you choose to buy $50 of food and $50 of metal, you are giving up $50 worth of food. Think about that purchase in terms of after the fact. If you are in an emergency and could get $50 worth of food or metal, which would you choose?

[geraldcaron]

"Why always an apocaliptic situation." Many people beleive that the depression is setting in, yet way too many believe that a Katerina like situation will happen. My point is look at Argentina, Iceland, Wimar, Yougoslavia or Zimbabwe, those places didn't end up in Armageddon, but more of a situation where people lost thier jobs and the gov. cheques had no value. Those who are on a limited budget, and buy silver, may have to sell silver when they loose their job, before the anticipated rise.

[catdoc541]

@geraldcaron What would they have to sell their silver for? Food, is a likely item they would be trading for. If they bought food before the hyperinflation, the food would have held it's value just like silver with out the mark up from the person they bought the silver from and the mark down when they sold it.

[number1songstress]

good thoughts... thanks for the video...

[geraldcaron]

@catdoc541 That comment proves me right, one year later, silver has increased by 50%, so it was a good investment. many people who were on a tight budget have sold their coins before now, especially those who have lost their jobs. Yet, there has not been an apocaliptic situation, just an economic slide, a very slow one. And in one year from now, chances are, it will be the same difference between the last year to the next one.

[TriggerManxL]

In a Collapse,wth will i do with a silver bar?

i would just barter food and tools for what i need

[USNERDOC]

Very interesting line of discussion with some good insight.