posted on Mar, 23 2011 @ 03:48 PM
Originally posted by Danbones
you can buy, or recently could buy a house for a buck in detroit
gold and silver will go but watch for the point of breakdown
there is a several week delay when ordering silver from the bank and here in Canada and there
are restrictions on what is avaliable
the normal rules don't apply any more
gold and silver will be useless at a certain point
when purpose and portability are all that matters
this is by design
Wow, detroit must have some rough places.
I don't think that Gold and silver will ever be useless, since recorded history precious metals (PMs) have never been debased to the level of
After any collapse there will still be producers, people with things they are willing to sell. They will only barter or accept labour initially and
will inevitably start using precious metals (perhaps black market deals initialy) in order to store accumulated wealth.
You do make a point that needs to be considered though and that is that shortly after any collapse PMs will be somewhat of a hot potato and divulging
possession could get you into a whole lot of trouble with all sorts of people. It would be safest to wait for a new paper currency to re-establish
which will inevitably be gold backed, at least to start with until the citizens get complacent and the whole silly fiat game begins all over again.
RE: purpose, history proves a solid purpose.
RE portability: A man should not own any more gold than he can carry unhindered, even that is way to much.