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Current time: October 31, 2026, 6:00 pm
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World economy
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Parking money in gold and silver is risky because of the lack of inherent value in the absence of a technological economy.
Anyone honestly worried about the SHTF days and investing in precious metals as a result should ponder their edibility. That's what will count: What you can eat and what you can trade to eat. (February 24, 2016 at 10:22 pm)Thumpalumpacus Wrote: Parking money in gold and silver is risky because of the lack of inherent value in the absence of a technological economy. Agree, you don't get any dividends on gold or silver, and there is always the risk they could declare it to be illegal to own, and force you to turn it in like they did in the 1930's. It's kind of like an insurance investment and silver especially can be bartered to the right person. I pay $50 every month for car insurance but haven't been in an accident for over a decade, but I'll be happy to have it if it happens, not to mention I have to have insurance to legally drive in my state. RE: World economy
February 24, 2016 at 11:27 pm
(This post was last modified: February 25, 2016 at 12:06 am by Thumpalumpacus.)
Bartering heavy lumps of metal won't really work in SHTF times is my point. And even if it did, try keeping your ownership secret enough to avoid brigandage.
(February 25, 2016 at 5:05 am)Wyrd of Gawd Wrote:(February 24, 2016 at 11:27 pm)Thumpalumpacus Wrote: Bartering heavy lumps of metal won't really work in SHTF times is my point. And even if it did, try keeping your ownership secret enough to avoid brigandage. ... until you find yourself splitting a can of Dinty Moore's Beef Stew with 84 other assholes, and find yourself on the wrong end of the drop. At that point, you'll discover the value of teamwork -- but it'll be too late, for you. My own thinking is that if the SHTF, my best asset will be my ability to get along with people in building trust and teams. Good people are worth more than gold.
I live in New Zealand. If the world economy collapses, we aren't likely to notice it for a few months, by which time it'll be fixed.
As for emergency supplies, I think I'm in good shape. I can live off the crumbs left in the approximately 40 000 empty crisp packets in my car for at least a few weeks. When that runs out, there are some decent restaurants nearby that I plan on looting. I think there's a torch in my car. It was working the last time I used it in 2003, so it should be fine. For weapons, I plan to throw my cats at any marauders I encounter. So, you know, pretty well set up. Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax
(February 25, 2016 at 5:44 am)Thumpalumpacus Wrote:(February 25, 2016 at 5:05 am)Wyrd of Gawd Wrote: It's best to be a member of the mob. Funny - when he said 'member of the mob', I thought 'mafia', which is a stunningly good plan. Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax
(February 25, 2016 at 6:03 am)BrianSoddingBoru4 Wrote:(February 25, 2016 at 5:44 am)Thumpalumpacus Wrote: ... until you find yourself splitting a can of Dinty Moore's Beef Stew with 84 other assholes, and find yourself on the wrong end of the drop. At that point, you'll discover the value of teamwork -- but it'll be too late, for you. You need to Armageddon your thinking, dude. |
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