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Originally posted by Stewie
I might have missed it. Where can I find the story about people trading a wheelbarrow of gold for some groceries? I thought I had a pretty good handle on worthless currencies, but I am eager to learn the details of fiat gold.
Originally posted by hawkiye
reply to post by Gradius Maximus
Silver and gold wont feed you.
Yes they will they have fed billions for generations by enabling them to buy food. This always comes up on these thread and it is a logical fallacy. Unless it is the apocalypse gold and silver will buy you food when nothing else will as they have done for thousands of years of history. If it does turn out to be the apocalypse then it won't matter any way.
In an economic crash after inflation gold and silver will be the main recognized medium of exchange. Fuel, bullets, alcohol, cigarettes, and coffee will also be good mediums of exchange.
Originally posted by Student X
You seem to know a lot about this kind of thing, GirlGenius. For the average Joe, is it a good idea to get a few thousand dollars worth of gold or silver rounds now while the price is dropping, for barter when TSHTF?
edit on 20-1-2011 by Student X because: (no reason given)
I would never accept paper for anything.
Originally posted by GogoVicMorrow
reply to post by Logarock
Don't forget drugs.
If the apocalypse does go down, you loot the pharmacy first. Then you can pay a whole junkie army to protect your fort, hunt, forrage. Pretty much anything you want.
Originally posted by Qwenn
It is always the way TPTB work, start the price drop panic, people start to sell at a loss, then the bigwigs buy as much of it as possible at the low prices, then when it is all been snapped up, the prices jump to an all time high. Why do you think that there are so many places offering cash for scrap Gold over the past few years ? They are trying to claw in as much of the stray Gold as they can, from the hands of the worker ants, before they pull the plug on paper currency and de-value it. The ones left holding the Gold will be even more in control, I doub't that Silver will ever be as safe as Gold, there is too much of it around, for them to control the supply of it. Looks like this is the beginning of the latest wave of " crowd control ", People always say " over my dead body ", that's exactly the way they want it, we have passed our sell-by date, as far as they are concerned, they just need to find a way to " take out the trash ".
Originally posted by FlyersFan
You can't eat gold or silver. If you want to hedge TEOTWAWKI .. buy bulk food, survival items, etc.
I've never understood the drive for people to buy silver or gold for TEOTWAWKI.