The end is near, I will collect cash, thank you..

If shtf happens the first thing that becomes worthless, except for being used a toilet paper, is cash. Yep, your paper money will be blowin' in the wind. I'd rather have a 1965 Kennedy half dollar then instead of a $50 dollar bill. Yah, yah, yah the government will never let that happen. Well old buddy dream on because it's happening now.

 

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I collect for the history of the coins. If ever the shtf we will all have much better things to worry about than money. Like food. I agree with Lastingeffects up there on the barter thing. If you really are saving for an extreme inflation period (or extreme deflation, whichever), money will not be nearly as important as the basics. Personally, I'd go rent a storage unit and fill it full of canned goods and bottled drinks (be sure to get ones that will not go out of date quickly).
However, if that never happens, I'm sure my great-great-great-great-great-great-great grandchildren will be thrilled that I collected coins. They'll be the first ones allowed to even think about selling them lol. My grandchildren before them are going to be mad.

 

About Good, does this mean you will be breaking out the shovels and back hoe?

I'm truly thinking of burying it all....

Good luck "collecting cash" if you've got a damaged collection to sell.

 

To some coins, paper money as a hobby, past time, others a investment
What ever the case may be aslong as a person is happy doing it, and can afford it
Go for it, what ever brings pleasure to yourself.

 

Don't even try to say, "I collect to collect", Because, if you have ever consulted a price guide for any coin, you are concerned about price in some fashion....meaning you are concerned about investing a sum amount of money...
ANSWER: Sorry, but that's me and yes I look at price guides, it's a kind of measuring stick about my purchases and over time I hope the values grows. I love knowing which coins I have and I love knowing which ones I need to complete, which is another reason to consult a price guide. How much for the hole filler?

Let me ask you this, If you knew you could sell your collection today for a 40% profit for what you bought it for, would you sell it...???, and then just give the proceeds to your children or significant other??
ANSWER:No, I would not, so giving the windfall to a family member is a moot point.

 

Collecting cash has its up-side as well though....... Might be good for starting fires...... although I've never tried burning cash.......

 

Give a man a chicken and he eats for a day, teach a man to hunt chickens and he will eat for a lifetime!
GUNS & AMMO!!!!

 

But, if you teach a man to hunt chickens, you've given away a business opportunity. You could be selling him chickens.

 

Or trading him for another tangible good...

-LTB

 

Seems I've heard this before........


"Then the man who had received the one talent came. “Master,” he said, “I knew that you are a hard man, harvesting where you have not sown and gathering where you have not scattered seed. So I was afraid and went out and hid your talent in the ground. See, here is what belongs to you.”

His master replied, “You wicked, lazy servant! So you knew that I harvest where I have not sown and gather where I have not scattered seed? Well then, you should have put my money on deposit with the bankers, so that when I returned I would have received it back with interest.

“Take the talent from him and give it to the one who has the ten talents. For everyone who has will be given more, and he will have an abundance. Whoever does not have, even what he has will be taken from him. And throw that worthless servant outside, into the darkness, where there will be weeping and gnashing of teeth.”

Gnash away......

 

Hunt Chickens?

 

Gold will always be worth something, just don't buy it @$1300 per oz. and expect it to hold that value if the economy tanks.. Gold has been good in the worst of circumstances even during the Civil War and WWI&WWII. Even your teeth can get you buried.

 

[video=youtube;aOtXrrDCnN4]http://www.youtube.com/watch?v=aOtXrrDCnN4[/video]

 

Believe it or not some of us really do collect to collect. Sure, I subscribe to Coinage and Coin World, and definately study the price guides (after all I paid for it). If anything I currently own appreciated: BONUS. Sometimes the price falls, OH WELL. I have even been known to buy another if the price drops. They usually come back around, and I can sell when they're high to make up for my first blunder.

 

Yeah. We're talking about the end of the world here. Things get really atavistic.

 

Nutshell? The way I think too.

Dang that young lady's gettin' big. Beautiful child........

 

You know, in 2050, gold is likely going to be $3000. It's gonna run out/keep it!

 

Humans can already make Diamonds...just wait till we make silver/gold.

 

Gold and silver have outlasted every empire and every fiat currency other than the few modern ones we see today. Bullion has had it's ups and downs but a gram of gold has always gotten a man a good meal.

Personally I wouldn't put all my savings into a fiat currency, knowing well that the odds are against it holding up long term. Even those that have had a long life, like the Brit pound have seen a huge devaluation, now worth just 10% of it's value in the early 20th century. Will the usd make a big comeback or is it's fate going to be the same?

Gold/silver, are an insurance against such. You don't need to put every cent into them but some. For me, I like bullion coins. They have been a great investment and I think they cover a lot of bases. Since they have a face value, they will always be worth something in a fiat. They have a melt value and they have a collector value. Best is that my wife can't figure out how to use them to shop online, so they have a great saving value.

 

Bullion is a hedge against fear. Someone show me a single instance where gold has replaced currency for the sake of buying the basics of survival. Sure, some think they can buy now to preserve their wealth, but if you buy now with a weak dollar and sell with a strong dollar, you will lose money, as bullion falls when the dollar rises. Pretty basic stuff. The only ones you hear telling you to use bullion as security are those selling it. Snake oil salesmen have come a long way in their products, but their intentions are still the same.

And think about this. If bullion was the answer, do you honestly thin there'd be any for us to buy? The ones that would buy, leaving none for the public, would be big business and governments. Not one Fortune 500 business has bought into the doom and gloom and stockpiled gold yet. And, of the world's leading economies, including the USA, China and the Eurozone, the governments can't sell gold fast enough. To me that says a lot, not only of how full of boloney gold sellers really are, but just how gullible the public is.
Guy