reply to post by orangetom1999
"The most valuable metal in this world is steel..not gold and silver or copper. Steel is not as scarce ...but it is definitely more useful than gold
or silver in today's economy."
i agree in the form of a garden spade, gun or something but not in the form of a car without petrol or me getting paid with 100kg of steel each day
and for this reason silver/gold has always been used as money.
Not coming from the states i don't know but i have been told that some shops show the exchange rate they offer for silver and you can pay the bill in
You can bet these shops are offering a real crap exchange rate just now, if they do exist but if it ever comes down to 2% then that would be about the
same cost as some people are paying at ATM to gain access to there own money.
Steel during times of war or exspantion along with copper on a national level is even more important than gold in that respect but during a major war
gold is needed because no one is going to except payment in a currency that could be wiped out.
Silver on the other hand is the best of both worlds because it's used for it's monitary value and is also an industrial metal and is increasingly
being used in hospitals, so i'm told and if you add to that people are living longer and all these super bugs then i think the future is bright even
if they get it for free as they are mining for other metals it is still a store of energy, like all metals because if oil goes up the extraction costs
I would dig a hole and fill it with food or oil but the food rots and they won't let me do that with oil and this also stops me being mobile and
since money is eaten by the rats of inflation so the only thing i can think off that will help if shtf is silver or gold and whilst a admit both could
drop 50% if we somehow manage to pull out this depression and smart money wants more exposure to risk but sooner or later this exspansion, if real
will require raw metals allowing me to exit if i wanted to but any exspansion is still going to based on debt so as i see it we are not talking about
if our economy will crash but simply a question of when so it comes down to three options.
1. The Amro 100% digital, RFID's and personal carbon taxes.
2. People fight back and demand real money, cancel debt, taxes
3. Mad -Max
Option one still means i'm OK because some forum of cash will always be needed to pay the guy fixing my car at weekends, is still better that getting
50cents on the $ when converted to the amro and i can always sell the metal back in to the system.
Option Two makes me rich, stinking rich
Option Three say i should had brought guns, beans and ammo.
Feel free to pull my logic apart, it would do me good.