posted on Jan, 9 2007 @ 08:17 PM
Traditional survivalist wisdom has long held that it would be a good idea to stock up on gold, silver, and cash. This philosophy has also embraced
the notion of setting some things aside for barter purposes. The fact of the matter is that in a serious long-term catastrophe like the one we are
discussing here...all of these are good ideas.
Money won't matter if things degenerate beyond a certain point. That is true. Long before we strap on our Road Warrior gear, we'll still be
clinging to whatever shreds of civilization we can grasp. Money should still be useful during any catastrophe that lasts for even 1-2 years.
The Federal Treasury has estimated that as much as ten million dollars a day in bills gets destroyed. This can happened when you leave your wallet in
your jeans as they go to the wash, or, it can happen as the result of a house fire that burns up your stash of cash. According to some estiamtes made
during the Cold War, the U.S. cash supply will be 'gone' after as few as 1-4 years.
In the short term, as regards crisis that last weeks or months, cold hard cas hwill be good for you. We should assume that when and where possible,
landlords and utilities will demand to be paid. Grocery stores will see what they have for as long as they have it. This could include
My own suggestion is that anyone wishing to "survive" should have a month's worth of operating capital stashed away in a fireproof box or brief
case. Use this dollar figure as a benchmark to fit your own situation. There are some bills (like credit cards) that you may not be able to service,
but...you don't want to get blind-sided by the debts you can pay.
Long-term disaster planning comes with its own hazards. Remember that having gold and silver means that you've got to defend it. Just because you
have the wealth to meet with an arms dealer to buy "stuff" doesn't mean that you'll survive the experience. In any lengthy catastrophe, you will
find predators of all sorts. Most of them will be looking for wealth, and it could be that the clothes off your back will be all the wealth they need
. Spending gold or silver could get you noticed by the wrong people.
Money, in large or small amounts, will buy most common things. If the crisis lasts for more than a month, you may find that hard to find items like
specialized drugs can only be purchased with gold or silver because nobody has that kind of cash laying around. Bear in mind that when you buy
expensive items, you become known to a more lethal class of predator.
Barter will most likely be the norm in any crisis that lasts for more than six months. An close examination of the U.S. food supply shows that the
average community has less than seven days of food and supplies on the shelves of its local stores. Grocery store chains in the suburbs of major
cities often run on a 72-hour cycle. The shelves will be empty in most locations after 10 days. If you want something, you'll have to get it from
somebody who already has it.
Barter can best be described as an "art." There is no exact science behind it. Haggling comes naturally to some, while others just can't do it.
What you have and what it's worth to you is one thing. What the other guy wants, and is willing to settle for, is something else entirely. When
refugees barter their posessions, they often tend to inflate the value of those items for sentimental reasons.
It may be common for pre-collapse pricing to remain in effect for as long as the majority can remember what things used to cost. As time passes, new
pricing will come in to effect. Certain items, like ammunition, may become interchangeable with currency. Gold is good, but bullets may be
better...for obvious reasons.
No matter how things...fall out...you'll probably be using a combination of all three of these to get by. that's why it's a good idea to stock up
as you can NOW, so that you don't have to scavange quite so much later on.