According to a lot of the nutjobs that invest in precious metals you better stock up on gold, silver, pennies, and nickels. Because when planet x crashes into the earth and a zombie apocalypse your silver and gold will supposedly get you all the basic essentials. Yup, with no economic system in place, your little disks of gold and silver will have more value than rocks and acorns. *rollseyes* People need to get real, if the world would happen to end, which I'm 99.9999% sure it won't, your silver and gold won't have any more buying power than cow dung and dandelions. Think about it, the only reason gold and silver is worth anything is because it's worth money. You can sell it and be paid for it. Will if their was a major, global wide economic collapse, sure, you can get money for your gold/silver, but that money will be useless.
There's nothing to see here... [video=youtube;qsvbYKr19ng]http://www.youtube.com/watch?v=qsvbYKr19ng[/video]
I am wearing it as a Necklace an ORO PURO 50 Pesos mexican gold.The bad news is not 1933 20$ Gold Coin Double eagle..
In the coming apocalypse where do I get my "fair share" of guns and ammo? Will there still be lots of greedy hoarders?
What about when the Euro collapses, but every other currency is still strong? When someone from Europe offers you some of their precious metals for dollars, are you going to laugh at them and say "Your economy collapsed! Your precious metals are no good here!"
From time immemorial people have prophecied an imminent apocalypse base on astronomical, astrological, theological and other grounds. Supposedly stocking up on dry goods, guns and precious metals will position you well against the vagaries, challenges, survival potentials and dearth of economic and political crises. It seems to me that they are making provision for a future which may never arrive, like the Y2K situation. Books are sold, fortunes are made and frankly fortunes are lost banking on outcomes that do not develop. I met an ex-cop in the fall of 1999 who was banking on widespread bank failures as 2K rolled around, he was maxing out his credit cards and borrowing other money as well as looking for a survivalist property to ride out the coming economic storm. I doubt the reality was kind to him as the crisis did not develop as hoped/feared.
If the world is opening up and the satanic dogs of hades are hunting people down, the pound of ammunition isn't going to do you much good either. In such a scenario I'd recommend running instead of shooting at things.
When someone from Europe offers you some of their precious metals for dollars, are you going to laugh at them and say "Your economy collapsed! Your precious metals are no good here!" What currency might this be? Every central bank in Europe has been quietly moving to protect their gold reserves, and our own Federal Reserve, the largest gold holder in the world, isn't getting rid of any either. Why would they do this?