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<p>[QUOTE=&quot;scottishmoney, post: 1443471, member: 12789&quot;]I really don&#039;t post trivially anymore - time and other interests vary my existence on forums.</p><p><br /></p><p>I have enjoyed reading the many posts in this thread, but I have a view that will diverge with many as I have a different perspective with my viewpoints having been formed by experiences living in a part of the world that has seen a lot of economic turmoil in the past couple of decades since the dissolution of the country into new states that had no practical experience in the political and economic field.&nbsp; Not until you have been wiped out financially not just once, but actually several times, do you have a practical understanding of what you would and wouldn&#039;t do.</p><p><br /></p><p>I can best compare the situation to guiding a ship through a tempest, albeit with the rudder being completly ineffective or non-existent.&nbsp; As the captain, you must make many decisions regarding your course that require adjustments and allowances.&nbsp; It might mean changes in propulsion, be it sails or a motor.&nbsp; You may very well be forced to make sacrificial decisions that prior would not have ever crossed your mind as to having to make.&nbsp; Cargo at that point could be so much deadweight and really is not the necessity of your further planning - so it can be tossed over the board if possible.&nbsp; You may as the captain find that some people are more deadweight because of their opinions.&nbsp; Obviously civility and humanity dictate that you can only restrict them to their cabins - walking the plank is no longer optional.&nbsp; You may have to severely ration fuels, foods, beverages etc.&nbsp; All the while if you have a radio(communication with the world outside your immediate proximity) you do what you can to communicate your plight and seek whatever assistance is possible.&nbsp; But most importantly you assess and triage the resources you have available.</p><p><br /></p><p>So thus said, back to the scenario at hand - in the immediacy of a financial meltdown cash is king.&nbsp; Lots of people living in more chaotic economies know that.&nbsp; They also know that durable goods and foodstuffs are important all throughout the process.&nbsp; Gold and other PM&#039;s are important particularly in the mid and latter parts of the meltdown when cash loses value or is gone altogether.&nbsp; Believe you me, I know in my chaotic and sometimes catestrophic part of the world that gold is the penultimate insurance policy, then cash, durable goods and foodstuffs.&nbsp; People in Europe really do not act like people in N. America though with gold - it has more of a longterm assurance appeal rather than the view in N. America that it is something you delve in from time to time.[/QUOTE]</p><p><br /></p>

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