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<p>[QUOTE=&quot;Rono, post: 785282, member: 6492&quot;]Good stuff, John,</p><p>&nbsp;</p><p>First off for &#039;survival&#039; and more importantly for fungibility, buy 90% circulated U.S. silver coins and MS Silver Eagles.&nbsp; Any gold needs to be AGEs and better if it&#039;s fractional.</p><p>&nbsp;</p><p>As for gold bugs, survivalists, etc., folks, it&#039;s all a matter of risk management.&nbsp; </p><p>&nbsp;</p><p>The two items you have to measure when considering a possible future event and how best to prepare for it, are - the chances it will happen and the cost to me if it does.&nbsp; </p><p>&nbsp;</p><p>And note that this ignores, by definition, black swan events as they are unknowable.</p><p>&nbsp;</p><p>So, if we look at the total collapse of the U.S. Dollar as a possibility, what are the odds?&nbsp; I give it 5-10%.&nbsp; Not much of a chance, but let&#039;s look at what it cost me if it did happen?&nbsp; &nbsp; Consider it, a completely worthless dollar - credit cards don&#039;t work, no bank accounts, no social security checks, no pension checks, and no medium of exchange.&nbsp; Close enough?</p><p>&nbsp;</p><p>Ok, that&#039;s pretty gd bad.&nbsp; But if we think about it, it wouldn&#039;t be forever, but probably for at best a few weeks until they got some neo-dollar on the street.&nbsp; What would I need to have to survive those few weeks?&nbsp; Probably a few thou in silver coins, maybe a little gold, some food stuffs in the house, gas in the tank, options for some things, etc.&nbsp; Not really a &#039;cabin the woods off the grid&#039; sort of preparation is really needed.</p><p>&nbsp;</p><p>Now what is the cost to me for the above insurance premium?&nbsp; If the odds hold true and Event X never occurs, it would be relatively minor.&nbsp; Giving it all up for an offgrid cabin in the woods carries a steeper cost.</p><p>&nbsp;</p><p>just some mutterings,</p><p>&nbsp;</p><p>rono[/QUOTE]</p><p><br /></p>

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