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<p>[QUOTE=&quot;BusterHighman, post: 1135834, member: 29945&quot;]Nice post. I often see people argue against precious metals using the logic that nothing will hold value in a Mad Max type situation. Search &quot;Zimbabwe gold for bread&quot; to see what happens when the economic SHTF. </p><p>&nbsp;</p><p>Sure, if we have some sort of apocolyptic situation like a global nuclear war, then survival will be the ONLY thing that matters. Water, food, and guns will be hoarded and won&#039;t be sold for any amount of gold/silver. But even in that situation, a few ounces of gold may pay your way onto the boat to the Galapagos. </p><p>&nbsp;</p><p>Most people who hold a significant percentage of their wealth in precous metals also have food supplies, access to a well, guns, and ammunition. They have prepared for the survival portion of the S. Hitting T. F. and are looking for a way to preserve the extra wealth they&#039;ve accumulated in US Dollars. Once things settle down, gold and silver WILL have value and there will be people with food/water for sale who will take them.</p><p>&nbsp;</p><p>I hope I&#039;m wrong in this prediction as my standard of living comes down significantly if I&#039;m right, but I think the US Dollar is already toast. At some point in the relatively near future, this will become obvious to everyone and the collapse will happen very quickly after that. Any savings held in Dollars will become worthless. Whether you have $1,000 saved or $10,000,000 saved. Everyone will be looking to sell their dollars at the same time and no one will give up anything of value for them. There will be a difficult transition as less than 5% of our population has the skills and resources necessary to obtain their basic needs without dollars and grocery stores.</p><p>&nbsp;</p><p>I am optimistic, however. We have a strong infrastructure in place and knowledge is passed around this country freely and easily. The Government will not be able to continue giving away the vast socialist services it currently provides, but I hope they can MAINTAIN PEACE. When you break it down, that is all we really need from a Government. Protection from those internal and external who look to take from us via force. Allow everyone to live free and make the most of their abilities. Some will perish as they are unable to work and to obtain the basics (see Zimbabwe gold for bread), but that is survival of the fittest. Much like deficit spending, you can only manipulate things so long before the basic laws of nature/markets/economics snap back.</p><p>&nbsp;</p><p>There is also the realistic chance that things won&#039;t get to a SHTF situation. Our problems are largely economic, related to US Treasury Debt/US Dollars. We may only see a devaluation of our currency, which allows us to break free of our debts/socialist liabilities. Buying PMs today and trading them for the new currency will protect you against the devaluation.[/QUOTE]</p><p><br /></p>

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