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<p>[QUOTE="doug444, post: 1957200, member: 38849"]It has NOTHING to do with Doomsday. It's ALL about preserving the purchasing power of whatever money you already have, and that involves "exchanging" the depreciating and increasingly-unwanted paper dollars for real hold-in-your-hand money (going back 5,000 years), gold and silver. Silver happens to be more convenient for commerce and barter.</p><p><br /></p><p>I'm sure you can Google a dozen examples of paper money that's gone worthless since World War II. How much hyperinflation does it take to cut your purchasing power in HALF? It takes 26% annual inflation for 3 years:</p><p><br /></p><p>$1 plus 26% inflation = price now $1.26 (end of Year 1)</p><p>$1.26 plus 26% inflation = price now $1.59 (end of Year 2)</p><p>$1.59 plus 26% inflation = price now $2.00 (end of Year 3)</p><p><br /></p><p>I like the "loaf of bread" analogy. Today, a silver dime buys a good loaf of bread. Hyperinflation comes, and the odds are excellent (better than any other type of emergency "currency," except perhaps ammo) that a silver dime will STILL buy a loaf of bread. Yes, they'll gladly take gold, except nobody can make change for your 1/10th ounce coin.</p><p><br /></p><p>=====</p><p><br /></p><p>The second premise involves taking some precautions against what desperate people might do, and "interruptions" of what we (in our rich blessed country) consider <u>normal</u>, events like no food trucks arriving at your grocery for five days; electric, gas, and water shut off until "we" can get replacement parts or fuel; gas stations temporarily "out" of gas; and a few other scenarios that the naive and the clueless and heretofore well-fed consider impossible. "Somebody" will fix all these problems.</p><p><br /></p><p>Take a lesson from Syria, where over a million have left homes they have occupied for generations, and fled to adjacent countries, taking only what they could carry.</p><p><br /></p><p>Back home, take a lesson from Hurricane Sandy, where millions suffered simply waiting for the power to come back on, losing their frozen foods, air conditioning, water and sewage, computers and cable, etc., in the process. </p><p><br /></p><p>And that was just weather, not a currency-hunger-anarchy problem. Wake up.[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1957200, member: 38849"]It has NOTHING to do with Doomsday. It's ALL about preserving the purchasing power of whatever money you already have, and that involves "exchanging" the depreciating and increasingly-unwanted paper dollars for real hold-in-your-hand money (going back 5,000 years), gold and silver. Silver happens to be more convenient for commerce and barter. I'm sure you can Google a dozen examples of paper money that's gone worthless since World War II. How much hyperinflation does it take to cut your purchasing power in HALF? It takes 26% annual inflation for 3 years: $1 plus 26% inflation = price now $1.26 (end of Year 1) $1.26 plus 26% inflation = price now $1.59 (end of Year 2) $1.59 plus 26% inflation = price now $2.00 (end of Year 3) I like the "loaf of bread" analogy. Today, a silver dime buys a good loaf of bread. Hyperinflation comes, and the odds are excellent (better than any other type of emergency "currency," except perhaps ammo) that a silver dime will STILL buy a loaf of bread. Yes, they'll gladly take gold, except nobody can make change for your 1/10th ounce coin. ===== The second premise involves taking some precautions against what desperate people might do, and "interruptions" of what we (in our rich blessed country) consider [U]normal[/U], events like no food trucks arriving at your grocery for five days; electric, gas, and water shut off until "we" can get replacement parts or fuel; gas stations temporarily "out" of gas; and a few other scenarios that the naive and the clueless and heretofore well-fed consider impossible. "Somebody" will fix all these problems. Take a lesson from Syria, where over a million have left homes they have occupied for generations, and fled to adjacent countries, taking only what they could carry. Back home, take a lesson from Hurricane Sandy, where millions suffered simply waiting for the power to come back on, losing their frozen foods, air conditioning, water and sewage, computers and cable, etc., in the process. And that was just weather, not a currency-hunger-anarchy problem. Wake up.[/QUOTE]
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