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Why Buying Bullion Is Not A Good Investment....

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basebal21's Avatar
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 Posted 10/10/2012  10:47 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Your simply wrong. Read a little about the Germany hyperinflation period after World War I. No zombies, no new world order event just hyperinflation that made cash worthless. Those that held PM's along with other certain personal property such as art, rare stamps, antiques etc preserved their wealth.

Another interesting fact was during world war two. During World War II, many Greeks refused to accept local currency. British commanders carried gold bullion as the only means of paying locals for goods, service and labor.


Thats hyperinflation though not a world wide collapse. Weve never seen the situation in modern society thats essentially being prepped for. In a SHTF situation youre talking decades of rebuilding and resettling before the preserving wealth comes back into play not a couple years of war.
During the war those countries still had access to supplies coming in and a structure to society. This would have neither
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mkfarm's Avatar
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 Posted 10/10/2012  11:13 pm  Show Profile   Bookmark this reply Add mkfarm to your friends list Get a Link to this Reply
You do know the world has had these events in the past and during those times gold and silver again was the saving factor for many people, though at the time few had much.

The known world was disrupted several times in history. During the Mongol invasions during the 1200's it was gold paid as tribute that saved many people. I would say that period of time was a large SHTF for many people.

We can even go back in time to Alexander the Great and even the Romans. A lot of history on the value of gold and silver when thousands of people were being slaughtered.

Ever since the start of time three things ruled and they were the combination of gold, beauty, and power.

For a reason that should put this subject together for all is that in the quest for gold by the Phoenicians, Egyptians, Indians, Hittites, Chinese, and others killed for gold. And this happened during a time when gold had no value as 'money,' but was just considered a desirable commodity in and of itself.

Edited by mkfarm
10/10/2012 11:15 pm
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basebal21's Avatar
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 Posted 10/10/2012  11:33 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
I address that earlier in the thread. The impact of such an event in ancient times when people were much more self sufficient is not applicable to modern society dependent entirely on supply lines and technology. People dont live off the land anymore and farm their own food like almost every one did back then. Society is vastly different with how things work. Towns and cities were all self sufficient in the old days, thats not even remotely close to the case anymore. Everything is interconnected and every store gets supplies from around the country

But again all of those examples are wars, not the world falling apart in a SHTF situation. In the modern world if its just a massive war supplies will still be around and in a few years it will be over. Were talking a world wide financial collapse or things of that nature not isolated incidents. If the problem is only in the US you dont need to prep you just move to Canada, and their will be supplies from NATO and help on the way. Life will be different but its not the youre on your own situation SHTF situation.
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 Posted 10/10/2012  11:58 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Sure water, food, ammo, and land will be most key post apocalypse situation, but like Ed said gold and silver has always had value, regardless of the current economic situation of any past country or empire that went down the enviable road of collapse....

You don't think groups of power would not form which would kill for not only the first mentioned items, but gold and silver as well....

The only thing that has great value now which would no longer in a post SHTF situation, would be things of no PRACTICAL use such as a bulky 100 year old rare collectors car, via museum type items....

And I am sure as things began to reform, again those powers to be would flock to those items of value again in some form or fashion, as gold has always been desirable for a reason, its beauty, the way it feels in hand, that crazy look people get when they hold it, etc....

I always point to an old episode of the dead gun from years back, where in 1849 during the Cali gold rush two guys killed another group who found a huge gold nugget in the river. One tried to get away with it and steal from the other. The one guy chased him in the river, only to receive a fatal paddle swing to the head. And then the weight of the nugget in the backpack of the last surviving thief in the boat after the swing caused him to topple over board and he sank to the bottom with his riches....
Edited by Silverhawk74
10/11/2012 12:02 am
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 Posted 10/11/2012  12:10 am  Show Profile   Bookmark this reply Add Williamsonj320 to your friends list Get a Link to this Reply
I'm with basebal I think people are confusing SHTF apocalyptic world wide collapse with a complex financial collapse. SHTF would indicate no economy, no government, no infrastructure, and massive loss of life, information, and way of life.

A true SHTF situation in my opinion has never happened in the history of the world. It cannot be a regional or national crisis it has to be a complete world wide decimation. In which case gold and silver will serve no purpose until society has rebuilt itself probably generations later.

Think of it as more of a return to the stone age and less a return to the middle ages.
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 Posted 10/11/2012  12:10 am  Show Profile   Bookmark this reply Add mkfarm to your friends list Get a Link to this Reply
Like I said look at history. For some reason everyone thinks ancient people were all farmers and did not live in cities. Except for maybe the so called cave man this was never the case. In fact many people did not grow food or could even survive on their own.

What you fail to consider is that skills and talents were not evenly distributed across the world. Of course we all should know that the world's resource were not either. Since we have a habit of bashing each others skulls we have really only done two things, trade or raid.

In any event look at Rome which was founded in 753 BC. The people of Rome really lived no different than we do today in our modern cities. A person in Rome was just as out of place in the country as some one from New York City would be today. In fact they developed one of the fist water systems to supply the city. They transport food into the city just as we do today.

Ancient Mesopotamia built some of the greatest cities but they had one problem they had no large amount of stone or wood for buildings. However they had the fertile soils from the Tigris and Euphrates rivers.

We all know the Sumerians of course great far more food than they could eat. Thus they traded for wood from what is now Lebanon and even metals from Cyprus.


You get my point the world back then wasn't a bunch of families living on the land by their own. But I think you knew that.

We can rule out wars if you want lets just say they never had a war. But they had other things that made even bigger impacts such as weather related, disease and even economic failure of great magnitude. I think I would call the Black Death a pretty big SHTF event.

One thing remained important during this time, this funny metal that you could not eat or even make into a tool.





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mkfarm's Avatar
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 Posted 10/11/2012  12:18 am  Show Profile   Bookmark this reply Add mkfarm to your friends list Get a Link to this Reply
BTW the Black death has had the largest impact on the economy in the history of the world. In Europe alone it killed around 50% of the population and in some areas as high as 80%. I'm not on top of the entire worlds death toll but I think even China was 30%. It took over 150 years for the world to recover so I think I would call this a major shtf event.



BTW can you tell me what useless metal was still held in high regard during this time.
Edited by mkfarm
10/11/2012 12:19 am
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 Posted 10/11/2012  12:24 am  Show Profile   Bookmark this reply Add Williamsonj320 to your friends list Get a Link to this Reply
We'll have to agree to disagree on what constitutes SHTF the black plague was a crisis and set the world back but it was still not an event that decimated the world or society.

By definition we have not had a true SHTF event since the apocalypse has not come and we are all here today to discuss this.
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Silverhawk74's Avatar
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 Posted 10/11/2012  12:26 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
"think I would call the Black Death a pretty big SHTF event."

Absolutely that would be accurate and I have always felt estimates of world wide death numbers are way more then what the books claim, roughly 50% of the world pop, where I think it was more like 60 to 75%....

History channel did a pretty good piece on the Black death a few years back, and I recall the English king, Edward perhaps who's daughter fell victim to the disease on a journey to Venice perhaps. He barricaded himself and select group of his best men into a castle fenced in deep in the woods and remained there until the disease had ran its course. I bet they didn't toss their gold and silver out into the streets and eventually they regained their value and were only setting DORMANT.....

That is all G@S is doing when it loses its value like in early 2000, just laying in wait....

Also, interesting to note back in the days of the black death, the ones who came out of hiding still alive after the death smog had cleared, they found themselves suddenly in high work demand, wages went way up, land was there for the taking, entire homes and castles left undisturbed for the most part......
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 Posted 10/11/2012  12:42 am  Show Profile   Bookmark this reply Add mkfarm to your friends list Get a Link to this Reply
I don't know sometimes you can over define something to the point you get the results you want. However I agree that the end of the world would be a SHTF event.


A quick question for you. Who suffered the worse during the great depression in the United States?

Farmers or city folks?
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GO's Avatar
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 Posted 10/11/2012  12:51 am  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
Even if it were just North America and lets say the power goes out for 3 months. We as a people are so dependent on electricity that everything would fall apart.

When food is a precious commodity I seriously doubt that any group would be willing to accept gold as payment for it or other supplies.

In all of the times of old, gold was always used, bartered, or stolen because there was always a larger force at play. Imagine no electricity, running water, or transportation. A nice extra shotgun is worth a whole lot more in trade then a shiny metal coin. Even if there was a large group of survivors or military remnents. Survival will only depend on thing that can keep you alive

But it can always been used to clean your laundry a little better
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 Posted 10/11/2012  01:02 am  Show Profile   Bookmark this reply Add Williamsonj320 to your friends list Get a Link to this Reply
That goes both ways mkfarm, you can over generalize a term to make it apply to whatever you want as well :-P
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basebal21's Avatar
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 Posted 10/11/2012  01:36 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
but like Ed said gold and silver has always had value, regardless of the current economic situation of any past country or empire that went down the enviable road of collapse....


The points never been that it would be worthless. The points been that for the money you spend on it you could be getting far greater amounts of supplies. For 35 dollars you can get 2 boxes of ammo. Think youll get 2 boxes of ammo for a silver coin after SHTF, not a chance.



Quote:
I'm with basebal I think people are confusing SHTF apocalyptic world wide collapse with a complex financial collapse. SHTF would indicate no economy, no government, no infrastructure, and massive loss of life, information, and way of life.


I also agree we havent seen a true SHTF situation in history like would be possible today. I cant think of a single time in history governments around the world just fell apart to leave lands lawless. Much less the fact that were completely technology dependent and societies in history didnt have to worry about that

Quote:
think I would call the Black Death a pretty big SHTF event.


Again its different. While tragic and having a big impact on society there were governments in place. There wasnt a complete governmental collapse, just a lot of people were getting sick and dieing. It had more in common with war than with a total systematic collapse.


Quote:
When food is a precious commodity I seriously doubt that any group would be willing to accept gold as payment for it or other supplies.


Exactly. Were talking about a situation here were everything is at a premium. People arent going to trade things that keep them alive for money until you are in the rebuilding stage and society has become orderly again which can take years if not decades. It would be essentially starting from scratch all over again.

If someone has a ton of something they may trade a little for silver, but again the other items that actually keep you alive are worth far more which would allow you to get a lot of silver if you really wanted and had those items.

When you arent sure where youre next meal will come from a coin isn't going to entice the majority of people into giving any food up.
Edited by basebal21
10/11/2012 01:39 am
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coinwatch's Avatar
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 Posted 10/11/2012  02:51 am  Show Profile   Bookmark this reply Add coinwatch to your friends list Get a Link to this Reply
Unless you happen to have a secure and defensible warehouse on your property (god forbid you happen to be a city dweller), a widely accepted and known store of value is your next best bet once you've crammed that last case of .45ACP into your medicine cabinet, and filled your attic with second-hand MREs.

Comparing the buying power of a dead currency against what your hard bought stack of silver and, maybe, a little bit of gold might do for you and your family once a new "normal" is established? Wow. I'm just not sure how to respond.

I find it novel how people keep thinking that "today" is somehow different from the rest of human history. That we've somehow reached some exceptional point in our existence that the rules of, well, everything, simply don't apply to us. The sheer hubris of such thinking is astounding.
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Silverhawk74's Avatar
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 Posted 10/11/2012  04:31 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Why you all have so much chez tied up in pmz verses putting it ALL into guns, food, water, land, ammo, etc. then if you feel its all gonna be worthless....

Tell you what, I will start picking up the items above, and setup barter system where I will trade you all water bottles and such for gold bullion, any takers?

Bottom line, if one day you look at your family and can't feed them and you feel that pain in your stomach of hunger after days with no food on the run from over taken home, then you will pray for a quick death for all and wish you had never lived to see those days and creature comforts of this world will be an old memory....

Edited by Silverhawk74
10/11/2012 04:42 am
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