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 Replies: 73 / Views: 5,621 |
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Rest in Peace
United States
9104 Posts |
There's a mindset called "$ good, everything else bad" that seems to be the biggest obstacle in getting the generally pubic to invest in/trust PM. A friend of mine is a classic example. He likes to point out that in a shtf scenario, you can't eat PM. You can't even spend them--you first have to find a buyer, prolly at lots less than you paid. Of course, he thinks it's perfectly sensible that his dad bought into an oil well, and gets a couple checks a year. Now  can you do with a piece of oil well ownership? Find a buyer, of course! People don't think in terms that say nothing is of value unless you find the person who wants it. $ being almost universally wanted, other items having a much more limited market. |
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Bedrock of the Community
Australia
21786 Posts |
I have seen bite marks in a bar of gold to test if it is genuine!
Some things can be shipped, oil wells can't!
Much more of a problem with an oil well, complying with EPA regs., than with a bar of PM.
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Rest in Peace
United States
4078 Posts |
Cake decorators use gold on their cakes. It is edible!
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Pillar of the Community
United States
1026 Posts |
Gold use to also be taken as a medication for arthritis maybe it still is not sure about that.
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Pillar of the Community
United States
1143 Posts |
Define what you consider to be good money.
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Rest in Peace
 United States
9104 Posts |
I have no idea who you're addressing, but to me, good money is commonly accepted in payment or trade, and maintains its buying power over time.
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Pillar of the Community
United States
2120 Posts |
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Pillar of the Community
United States
2168 Posts |
Yes and if our money collapses Any PM especially those easily recognized (pre 1965 US silver, nickels for example)will surely be used as a currency. Other PM coins marked with weight also will be easy to use. I also think any coin will be worth the value of the metal too. Just my thoughts of course. Our only 'real value' money are nickels and pre 1982 pennies. Paper will be just that if all goes bad. May be exchanged if money devalued but I have read that during many devaluations in other countries coins stayed at face. So keep that change!
Edited by angel2004
10/11/2011 4:50 pm
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Pillar of the Community
United States
4008 Posts |
Quote:
A friend of mine is a classic example. He likes to point out that in a shtf scenario, you can't eat PM. Isn't this bit of illogic fascinating? When I think of all the myriad of things that would be extremely useful in a SHTF scenario, MOST of them cannot be eaten. They do foster life and health, however. A good pair of well made boots is a fine example. Nope, can't eat 'em, so don't need 'em... at least according to the "logic" used here. The list is long indeed: medical supplies, clothing, fishing and hunting gear, guns and ammo, knives, hand tools, water purification equipment, rope, canvas, a camping stove, and so on and on. It's enough to make a guy roll his eyes every time he hears the "but you can't eat it" argument. I can't eat my car either but it does have sufficient utility that I keep it. |
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Valued Member
United States
425 Posts |
I was reading/talking about this same thing on another site,(Guns), in ref. to a EMP. The main issue that we came up was "How long will this "SHTF scenario" last?
In other words; how long could you/family survive w/o any services,(running water, electric, sewer, grociery store, gas station, etc...... AND.....how could you use the PMs you have stored to buy the things you need to live,(water, food, heat), but still protect yourself from being robbed of your PMs buy the "Have Nots", or "Planned Nots"?
The general consensus was that PMs would not really come into play unless the US was over run by another group/country, or if the "SHTF scenario" were to run for a long time period. Meaning that PMs would be good for buying from the black market, bribes, and pay offs, but not as a form of alternet money.
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Pillar of the Community
United States
667 Posts |
Good money / bad money. In the case of the crap hits the fan I don't want your gold, silver or greenbacks. I have the food and hopefully I can keep it out of the hands of wild crowds that would want to steal it.
I want something in trade I can use since I would expect a full breakdown of the economy and society. That could range from gas, diesel fuel, tools, equipment parts, lumber, nails and what ever practical thing to help me through the year.
I doubt very much anything called money would help me out.
No when I look at good money / bad money in a normal economy such as the one we have now. Yes they swing from good to bad then I'm looking for a broad range of things that will feel that void. 100% gold & silver does not do that though having a portion in it is wise. Diversification.
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Pillar of the Community
United States
931 Posts |
Why do so many people think that nickels are silver? Aren't the only modern nickels with any nickel silver the 35% War Nickels from the forties? |
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Pillar of the Community
United States
1026 Posts |
but not as a form of alternate money.
Hmmmmm I seem to remember PM have been used as money longer than the FRN say by 1000 years.
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Pillar of the Community
United States
524 Posts |
I must disagree. Man eats 350 coins.   |
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Valued Member
344 Posts |
lol Blueszone I remember seeing a tv show about someone with a mental condition where their brain could not discern from whats edible and whats not. Then it was combined with another that anything shiny or metalic he would have the urge to eat.
Basically the guy died with a belly full of coins :D. Maybe thats the autopsy xray :D
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Pillar of the Community
United States
2168 Posts |
I don't think people think all nickels are silver at all. The intrinsic value of a nickel has been a nickel or greater in value for some time it is REAL money. Some think they could become valuable once they are debased (Like silver coins of the 1960s). There are quite a few articles online about just holding on to them just in case. No lost on keeping a few! And coins generally have kept their values if paper money is revalued. Has nothing to do with silver but metAl content
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Replies: 73 / Views: 5,621 |
Posted 10/11/2011 12:27 pm
