swilliams
6.5 Creedmoor
Or you could get yourself a girlfriend already.Or I could recruit Cosby and then it would be dealer's choice.
During the Collapse): Part 1 – The Unprepared Neighbor
- Thread starter livingston
- Start date
libertysnake
.338 Win Mag
What's a good apocalypse without a VW bus full of stranded cheerleaders that need saving?
ArmedCorgi
.475 A&M Magnum
Not enough room in his mom's basement.
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swilliams
6.5 Creedmoor
Did you just assume my sexuality!?
I'm offended!
Well, since I met you I'm going out on a limb and saying you're either a man, or you're one of the most homely women I've ever laid eyes on.
*sexy
libertysnake
.338 Win Mag
I am not arguing against a certain amount of PMs, I am just saying all things are not certain in life. PMs will always be a way to preserve wealth on the back side of things when paper is worthless but, there will be times that PMs are as worthless as paper money when it comes to trading. I just wouldn't put a lot into PMs until everything else has been covered (Food, water, fuel, and defense).
Robin
.475 A&M Magnum
There as many scenario's as the combined imaginations of all members will allow. What is a PM, other than Post Meridian?
Robin Caruso
Robin Caruso
Precious Metals
S
stuck in ny
Guest
"I'll take the a3, here's a mosin."
masterswimmer
.450/400 Nitro Ex
Why can't all that prep work be done simultaneously on an ongoing basis? Purchasing precious metals is no different than investing in stocks, mutual funds, bonds, etc, where dollar cost averaging is the prudent way to invest.
Catskillkid
.450/400 Nitro Ex
Urghhh....you guys have made me realize I've be slacking on my doomsday prepping. Guess I have to ask for more ammo for Christmas.
No one said they couldn't however, I would not find it wise to spend 1200 on an ounce of gold if you didn't have 6 months of food for the family already saved up. If you have the funds to put 1200 on an ounce of gold and have enough to meet your basic prepping needs while doing it more power to you.
kev74
20×102mm Vulcan
On the other hand, passing on this weeks 12 pack of beer and buying an ounce of silver once in a while might not be a bad idea.
Different strokes for different folks. There isn't a right answer.
Marine Cpl
.577 Tyrannosaur.
This is why I think buying gold is useless.
So buying gold is supposed to preserve your wealth. Your wealth consists of your home or other properties if they are paid for and whatever money you have in the bank and in stocks and bonds. So for arguments sake let's say you have a hundred grand in the bank. Some of us do but most of us don't. Realistically a couple thousand to tens of thousands is what most of us have. That's your wealth.
Buying a few hundred dollars or a couple thousand dollars isn't going to preserve your wealth. You'll lose what you have in the bank or in stocks in a real SHTF. (Total collapse that takes years to build back. Perhaps even decades.)
So assuming a long term SHTF is over and society is rebuilding itself, your couple hundred dollars or couple thousand dollars in gold isn't going to place you above anyone else. You'd need to have converted your whole life savings along with your stocks and bonds into gold. I doubt anyone isn't going to do that.
You be better off investing your money in food, tools, and ammo that you can actually use for all those long years where an organized society is no more.
In a short term SHTF (earthquake, hurricane) gold coins might be taken but so will cash. So what's the point?
It's a waste of money if you ask me that could be put into supplies that you'll actually need to survive. You shouldn't be looking for gold to buy things when things go south. You should already have them.
So buying gold is supposed to preserve your wealth. Your wealth consists of your home or other properties if they are paid for and whatever money you have in the bank and in stocks and bonds. So for arguments sake let's say you have a hundred grand in the bank. Some of us do but most of us don't. Realistically a couple thousand to tens of thousands is what most of us have. That's your wealth.
Buying a few hundred dollars or a couple thousand dollars isn't going to preserve your wealth. You'll lose what you have in the bank or in stocks in a real SHTF. (Total collapse that takes years to build back. Perhaps even decades.)
So assuming a long term SHTF is over and society is rebuilding itself, your couple hundred dollars or couple thousand dollars in gold isn't going to place you above anyone else. You'd need to have converted your whole life savings along with your stocks and bonds into gold. I doubt anyone isn't going to do that.
You be better off investing your money in food, tools, and ammo that you can actually use for all those long years where an organized society is no more.
In a short term SHTF (earthquake, hurricane) gold coins might be taken but so will cash. So what's the point?
It's a waste of money if you ask me that could be put into supplies that you'll actually need to survive. You shouldn't be looking for gold to buy things when things go south. You should already have them.
freddy
.308 Win
Are you a dentist? Are you a doctor? There are things you won't have (or be able to do) if things go south. No matter how prepared you are. To think otherwise is a common misconception (the myth of independence). If you need a tooth pulled NOW and the only dentist for miles has all the food, tools, and ammo they want then what will you trade with? This is a case where gold/silver will prove to be helpful. If you need something and the seller is not interested in what you have to offer then gold/silver will be a likely means of exchange. If you don't have gold/silver then you will need to find a third party that does have something the seller wants (and the third party must need something you have).
You certainly do not need to put all of your wealth into physical gold/silver (false dichotomy <sigh>). The usual advice is to keep 6 months living expenses in cash. Same advice might be prudent with gold/silver. It is not about preserving wealth primarily, it is about hedging. Which is precisely the same reason to keep ammo, tools, and food. I agree that if you do not have enough food, potable water, firewood, cash, etc to see you through winter then wait on getting physical gold/silver. But if you could weather winter as it stands then gold/silver might be prudent.
Another big advantage to gold is just how compact it is. How else could you effectively conceal $20,000 on your person (e.g. hidden inside the soles of your boots) and still have something easily traded?
If you have a survivable gunshot wound and the doctor has everything he needs you may be VERY happy you bought that CombiBar.
Each tiny chip is exactly 1 gram of 24k gold worth about $40 presently. The entire card is about $2,000.
You certainly do not need to put all of your wealth into physical gold/silver (false dichotomy <sigh>). The usual advice is to keep 6 months living expenses in cash. Same advice might be prudent with gold/silver. It is not about preserving wealth primarily, it is about hedging. Which is precisely the same reason to keep ammo, tools, and food. I agree that if you do not have enough food, potable water, firewood, cash, etc to see you through winter then wait on getting physical gold/silver. But if you could weather winter as it stands then gold/silver might be prudent.
Another big advantage to gold is just how compact it is. How else could you effectively conceal $20,000 on your person (e.g. hidden inside the soles of your boots) and still have something easily traded?
If you have a survivable gunshot wound and the doctor has everything he needs you may be VERY happy you bought that CombiBar.
Each tiny chip is exactly 1 gram of 24k gold worth about $40 presently. The entire card is about $2,000.
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if you have rotten food you are doing it wrong.
swilliams
6.5 Creedmoor
Can't remember where I read it, but cigarettes are good currency.
freddy
.308 Win
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Catskillkid
.450/400 Nitro Ex
Yeah, in prison maybe...lol.
Actually I heard the same thing. Not bad to have a bottle or two of the cheap stuff to trade either.
swilliams
6.5 Creedmoor
Not that this applies so much to the folks here, but feminine supplies. Hey, maybe it would apply. If you're a girl, how much would a guy gain if he had some supplies for you? Haha.
swilliams
6.5 Creedmoor
“There are a lot of people who have never considered what it’s like to get your period while not identifying as a woman". Uh, since no one generally knows if you have your period, I'd say it's pretty much the same.
SHE goes on to say SHE was complaining to a friend about not being able to wear HER binder for her boobs. Boo-freaking-hoo.
masterswimmer
.450/400 Nitro Ex
Using your theory about what to acquire for a SHTF scenario, why not just use all your allotted resources to buy ONLY ammo, or ONLY food, or ONLY water, or ONLY toilet paper, etc?
If you're spreading your financial preparatory resources across all the above items then why wouldn't you also acquire some resources, ie: gold/silver, to round out your bartering capabilities? Don't pigeonhole yourself into only the items you personally think are the most valuable. If you believe that, then maybe you should ONLY prep with toilet paper.
freddy
.308 Win
100%
There is always the alternative - as in how Julian 'traded' in Less Than Zero.
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I have a lot of stuff. All around stuff. I have food, water, LOTS of ammo, guns, gold, silver and much, much more.
I add to my piles each and everyday. I do not expect to be doing much trading in the beginning. If there ever is a beginning.
Later down the road, after the dust settles, maybe there will be a need to trade.
No one knows what to expect, I read, I learn and I try to cover all bases that I can.
I add to my piles each and everyday. I do not expect to be doing much trading in the beginning. If there ever is a beginning.
Later down the road, after the dust settles, maybe there will be a need to trade.
No one knows what to expect, I read, I learn and I try to cover all bases that I can.
Marine Cpl
.577 Tyrannosaur.
No. I would buy more things that I'll need now. Why buy them later?
Marine Cpl
.577 Tyrannosaur.
And you think that the starving dentist that can pull your tooth would rather have the gold acid tabs you pictured above or a case of MRE's? Or perhaps a box of 9mm for the empty gun he has?Are you a dentist? Are you a doctor? There are things you won't have (or be able to do) if things go south. No matter how prepared you are. To think otherwise is a common misconception (the myth of independence). If you need a tooth pulled NOW and the only dentist for miles has all the food, tools, and ammo they want then what will you trade with? This is a case where gold/silver will prove to be helpful. If you need something and the seller is not interested in what you have to offer then gold/silver will be a likely means of exchange. If you don't have gold/silver then you will need to find a third party that does have something the seller wants (and the third party must need something you have).
You certainly do not need to put all of your wealth into physical gold/silver (false dichotomy <sigh>). The usual advice is to keep 6 months living expenses in cash. Same advice might be prudent with gold/silver. It is not about preserving wealth primarily, it is about hedging. Which is precisely the same reason to keep ammo, tools, and food. I agree that if you do not have enough food, potable water, firewood, cash, etc to see you through winter then wait on getting physical gold/silver. But if you could weather winter as it stands then gold/silver might be prudent.
Another big advantage to gold is just how compact it is. How else could you effectively conceal $20,000 on your person (e.g. hidden inside the soles of your boots) and still have something easily traded?
If you have a survivable gunshot wound and the doctor has everything he needs you may be VERY happy you bought that CombiBar.
Each tiny chip is exactly 1 gram of 24k gold worth about $40 presently. The entire card is about $2,000.