Just a question.

It would be paid in the currency that is available. I believe Juan's scenario was a collapse of the paper PM trade, not a debasement of the global fiat system.

 

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Tell this to the central banks who hold it as an asset on they base money balance sheets. This included the Federal Reserve. They don't have hog jowls and pork bellies listed on those sheets.

 

I stack/store booze & cigs now. and I trade them 2:1 for food from the food stamp people who don't have cash for booze and tobacco so I know they work.

 

Old-fashioned money is Vaseline, a lubricant of retail commerce.
New-fashioned money is Power - an abstraction that defines everything's market value. Even love has price, sadly.

and

I like to go to the primary source in these debates, but I'll start a new thread on this topic.

Here:
http://www.cointalk.com/t217519/

 

At this time, gold is the best/chosen/most widely accepted commodity/asset held in lieu of paper currency.

 

I have to agree with lonegun here while I do buy silver in the event of a true currency colapse here in the US, I also have in my house the makings of a still (believe it or not most of us do without realizing it) In the event of a colapse of the us dollar or worse the us govt. Any booze you have or could make is going to have much greater buying power then a lump of pretty metal. Just my opinion but one that history proves out. Who made the most money during the 1849 gold rush? I wasn't the miners or the bankers, it was the saloons and the grocers and the people that had items that the people with the gold needed that ended up with the largest part of that gold.

 

Thanks for the support. Gold and silver will have their place in a financial collapse or SHTF scenario, but I am a big believer in diversifying (and not just different PM's) because many other things we don't think of right off will also have their place. Not only would liquor be a highly valuable commodity, but also guns, ammo, knives, tools, clothing (especially Levi's & footware), hardware, and other basic survival/living stuffs.

 

Juan Blanco, I read your other thread post, but it does not specifically contain the quote I mentioned. All I came away from it with was that gold is a commodity. This is true, but not exclusive. It is also money.

lonegunlawyer, I am not saying booze can't be currency. That would be fine. I am saying it is not money. It's just a matter of definitions. Money has to fulfill the 4 rules of a unit of account, but there may be superior currencies. They just don't qualify as a longterm store of wealth.

 

What is considered longterm? Many liquors have long shelf lives.

 

My grandfather sold moonshine during prohibition which coincided with the depression. From what I understand, he did quite well with this activity. He also used it to extend his gas ration during WWII. I hate that I didn't get his recipe before he passed away but that happened when I was 10 years old.

 

I always find it interesting to see the lengths that people will go to in an effort to justify their position.

There seems to be a lot of assuming going on that people that have PMs for preparedness don't have anything else. Or, that they don't know how to do anything, or won't be willing to do anything to help themselves and their neighbors. (aka - marketable skills) As if people that have PMs are just going to sit back and rely on their PMs to satisfy their every need. If that's what someone has in mind for their PM stash, good luck with that...

 

I have to say of all the investments I have ever made the only one that has any meaning is my wife. You can have your guns, your gold, your non-perishable food. But without a woman it is all pointless. :yes:

 

You purchased your wife?

 

...and are you going to flip her for profit someday?

I hear ya though. While I wouldn't necessarily consider my wife and "investment", my life would be meaningless without her and my kids. They are my purpose in life.

 

A wife is an investment but shouldn't be a monetary one. A much more important investment than a monetary investment.

 

DELETE, see next post.

 

That is a really cool family story.