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Originally posted by Nephlim
have you guys looked at the great depression at all? try a google search..
how about the argentina economic collapse? www.youtube.com...
how about that gold increasing in value during the last 10 years? while everything else is going down? My little deposit of gold now lets me buy 5 rifles when i could have just bought one with it, if it had been in anything else.
there are many many collapses where having gold is important. any economic collapse would be worth it, as long as the economic collapse wasn't straight up the end of the world as we know it. As long as some trade is ongoing gold will increase in value during troublesome times. don't take my word for it, look at the great depression, and the u.s. now.
I realize that there are collapses where gold is worth less, such as in the yugoslovian civil war that selco went through.
there will probably be collapses where gold is worth nothing.
But to totally say gold is worthless and will never be worth anything is naive and the by product of watching too many zombie movies and not studying enough ACTUAL REAL LIFE SHTFs.
Originally posted by Nephlim
Most shtf's are either ganna a couple day disasters such as katrina, stablizing in a week to a month, or looking at history its ganna be an economic collapse like modern day russia and argentina.
most modern shtfs are economic collapses, and the way america is going this will happen in our life times.
so for sure our currency is ganna keep going down and gold is ganna keep going up.
when WW3 starts and every major city is nuked and theres no more trade, then yes gold will be nearly worthless.
Originally posted by ottobot
Who are you planning to trade gold for rifles with? I mean, do you expect to find an un-looted gun store with owners willing to share their guns with you? And, if you are so lucky, are you planning to tote those 5 rifles in a backpack as you walk home (since you likely will not be able to buy gas with gold)? Also, how do you plan to be allowed through checkpoints with the same bag of rifles during a state of martial law?
edit on 15-3-2012 by Nephlim because: (no reason given)
edit on 15-3-2012 by Nephlim because: don't know how to use the quote feature quite yet
Originally posted by wrdwzrd
I'm not sure why everyone is preparing for a situation similar to the movie "The Road". That is a very movie like SHTF scenario that has never been seen ANYWHERE except for maybe Mogadishu and Afghanistan. We are not heading there, lets be realistic, the situation will be more like an enhanced version of the Great Depression if anything or as others have mentioned like Russia or Argentina. Its not going to be a zombie movie and even if it is, it wont last long.
So yes, in those moments where people are trying to survive, Gold and Silver wont be doing anything and anyone who buys physical metals wont be doing anything with them either...except patiently waiting.
Not if, but when, TPTB let chaos rule and then bring back order to change our economy and financial way of life, at that point, you'll wish you had something other than paper fiat money. It's already useless and will be completely removed at that point.
Cash in for what? That useless paper money? Supplies? Favor?
Those with metals will cash in nicely at that stage in the game.
But if you want zombies, you can make believe all you want. Considering 99% of us in the west have never been in a situation like that before, your cigarettes, guns and toilet paper, wont do much for you. Most likely you'll be looking down the barrel of a police or military gun. Not holed up in your bunker like a post apocalyptic movie star....