Saving for the collapse.

Well "SS" bullets are gd for many things formost defense of all that is near and dear to me. Second i made a killing 5yrs ago by buying all the 9mm,45cal,.308,.223 ammo i could. Then selling it at 150% mark up,then buying gold and silver with the profit!

 

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Hoarding is an instinctive human survival trait. We can't help it, it's in our genes. We often invent rationale for it, but basically it gives us a sense of security, whether it actually does or not.

We hoard silver and gold, but we are not really sure how it actually provides security, although some people think they understand it and can explain it in detail. However, in all but a few very special scenarios, hoards of silver and gold would not provide sustained surviveability. After all, silver and gold are merely shiny metals with no special intrinsic value.

 

I am sure in this case there will be quite an active black-market in which gold and silver will be king.

 

Black markets only occur when there is a large imbalance in supply and demand. If gold is illegal to possess, there will be limited demand. Try setting up a black market using Marijuana ( which in most of the US is illegal to possess), There is a large public demand for it evidently, but you hear of very little exchange of it for food, gasoline, housing, or clean water. It would be different , IMO, if MJ was not illegal. If someone owed you a debt, would you accept marijuana in payment? No need to answer, rhetorical question.

 

I think a better case might be not nucular,or total $ depression but some were in between? Short haul gold/silver is worth "maybe" something? You can barter,for food.h2o,ect.. Long haul gold/silver after the USA/WORLD gets on their feet will be worth ALOT! Will this happen? Ask GOD? I will say this and stand by it. The man who keeps his PM in his house (and thats the ONLY WAY you own them) Sorry paper ppl. Is a fool for not having a gun.

 

OK, after things have settled down and gold and silver become the accepted monetary currency, how much would you need to survive? Will it be measured by weight, or by face value? Is it even possible to hoard enough precious metal to last you the next thirty to forty years? Is there enough silver and gold to go around if the economy picked back up, with gold and silver being the accepted currency? Would precious metals only be a temporary fix, until the governments decided to go back to where they were before the collapse?

 

Thanks for starting this thread

I have been thinking about how to best prepare for an international or global financial melt down, from which there are not enough solvent 1st world nations to promote and bolster economic recoveries in their immediate vicinity.

If economic recovery were to take place in this scenario, it would be a very slow process & the vast majority of people would value tangible goods such as:
drinking water , salt , sugar , Mormon provided whole wheat , canned proteins , canned vegetables , vitamin & mineral supplements , medical supplies & pharmaceuticals.

If you have taken steps to stock pile tangible goods then you will probably realize that you need to store them in a secured location that is defensible from the mob mentality. So this would mean that you must own land and the tools required to defend that land such as:
solar power , wind power , diesel generator or 2 ( 2 double D9 engines would do as backups ) , firearms , lead , copper/brass , powder.

I have been thinking that a "devastating blow" to the global financial situation is not going to be as a result of greed alone , but will be as a result of a combination of factors all converging in a short period of time.

We are already feeling the effects of greed and changes to our natural environment. All it would take is for tectonic plate movement to increase a little "globally" , so that the nations that normally lend aid to other countries would be in no position to do so.

As bad as this scenario may sound , it is not the end of the world.

Since I became interested in coins this year , my collecting has been shaped by the preceding scenario and I have been limiting my collecting to:

1) "aesthetically pleasing" coins both with or without precious metal value ( these will be the last to go if I have a say ).

2) big shiny bullion proofs that are worth their weight in silver & eye candy for the greedy ( these will be the 1st to go if I have a say )

3) I have yet to collect a single numismatically valuable coin. When I do they will be the 2nd to go if I have a say.

p.s. Where have all the bees gone ? :vanish:

 

Value to whatever will be assigned by the banking elite and others who currently own the highest monetary wealth in America. The rules will be whatever they say they will be. One thing is certain. Value will be dictated by the ones that have the most of everything, which will leave out the largest percentage of Americans.Rights as to owning PM's by the "common" man will be revoked. People like George Jr. will be safely protected in some other country while they reshuffle the deck and reconstruct a monetary system that only benefits themselves. That is our current corporate system. The few dictating the needs and wants of the many. It will just multiply exponentially. There will be forced labor and payment will be that you'll be allowed to continue living, kinda similar to the corporate mentality that exists now, in that your time, payment, and duties will be whatever they say it is and that you should be happy we "employ" you. PM's will be irrelevant, at least in this country, important only to the the criminals that have fled to another country, where PM's may still have value.

 

When I was young (early '60s), our next door neighbor had a bomb shelter in their backyard. I haven't heard of anyone doing this lately...yet.

 

http://www.cnbc.com/id/35912043


Here is your economic forecast. Hope your PM investments will carry you.

 

It's always by weight. Face value is only useful in determining how much gold was initially in the coin when it was minted. There is a considerable amount of gold used for commerce in Vietnam and India now. In Vietnam's case it's because the currency there is becoming worthless. In India's case it's because the people simply don't trust the banking system and gold is a way to remove yourself from it.

In both cases a lot of this trade is taking place with small bullion pieces from 1 to 5 gm. No official coinage needed.

 

I just looked into my crystal ball and in the near future gold and silver won't buy you a glass of water...

 

Sure it will. It's the dollar that won't buy it.

 

Trust me, if times were extreme and IF there was a shortage of human needs, a 100lbs of gold won't buy a glass of water...

 

I wonder what became of all of those bomb shelters. Did people fill them in? Maybe turn them into wine cellars? There must still be a lot of them out there but I can't recall seeing any in the past couple of decades.

 

I can't remember what show I saw it on, but I did see where they were turning old nuke missle silo's into condo's or something like that. Said they were preparing for secure homes for the wealthy in case 12-21-12 really does happen...

 

I wish I had one for my coins.

 

All the more reason coin's aren't enough - you need something to protect your family with as well I suggest lots of such things!

At the end of the day my silver and gold may or may not be worth anything, my guns may or may not be worth anything, but.....I've sure had a hell of a lot of fun collecting them and enjoying both of the above before such collapse!!

 

I'm with abe. In rough times, pm will be useless. All the gold in the world won't buy you a glass of water, but a half tube of toothpaste or a can of dog food to feed your family will.

 

Look at it this way, I the event of the big Economic meltdown, chickens will still lay eggs, cows will still give milk, plants will still grow ... etc. So the commodity's of life will still be there, but what will the producer of said commodity's want in exchange for them? Will he want a wheelbarrow full of worthless paper monies, or will he rather accept a shiny silver coin?