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Tensions rising in the Middle East, so is the price of GOLD
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<p>[QUOTE="masterswimmer, post: 25327276, member: 102022"]I'm sorry to say, the day it becomes necessary to fractionalize gold bars for 'commerce', you better be traveling with your band of protectors carrying the one precious metal, lead, that will truly be in demand.</p><p><br /></p><p>IMO, the only time fractional gold will be useful will be the first few days, possibly couple of weeks, post apocalypse after all the grids systems go down, when there's a <u>modicum</u> of hope that order will be restored. After that hope fades, so will the rule of law and therefore the need for shaving gold, fractionalizing gold, and trading gold, for any necessities. At that time, showing someone with stores of things you need to survive, any gold you have, will only lead to them either telling you to get lost, taking it from you, or ending your need for any future necessities and taking whatever stores you might possess, to add to their stores.</p><p><br /></p><p>For the record, I do not have a doomsday bunker. I don't prep for teotwawki (the end of the world as we know it). So I am not an extreme fringe prepper. I do however prepare for shortages, like we experienced during the plague that shall not be named. I believe in being smart about the fragility of our supply chain. I don't believe that gold is the long term answer to preserving wealth if the time ever comes that fractionalizing gold needs to be considered. At that point in time, wealth will be measured in a whole new framework of value.[/QUOTE]</p><p><br /></p>
[QUOTE="masterswimmer, post: 25327276, member: 102022"]I'm sorry to say, the day it becomes necessary to fractionalize gold bars for 'commerce', you better be traveling with your band of protectors carrying the one precious metal, lead, that will truly be in demand. IMO, the only time fractional gold will be useful will be the first few days, possibly couple of weeks, post apocalypse after all the grids systems go down, when there's a [U]modicum[/U] of hope that order will be restored. After that hope fades, so will the rule of law and therefore the need for shaving gold, fractionalizing gold, and trading gold, for any necessities. At that time, showing someone with stores of things you need to survive, any gold you have, will only lead to them either telling you to get lost, taking it from you, or ending your need for any future necessities and taking whatever stores you might possess, to add to their stores. For the record, I do not have a doomsday bunker. I don't prep for teotwawki (the end of the world as we know it). So I am not an extreme fringe prepper. I do however prepare for shortages, like we experienced during the plague that shall not be named. I believe in being smart about the fragility of our supply chain. I don't believe that gold is the long term answer to preserving wealth if the time ever comes that fractionalizing gold needs to be considered. At that point in time, wealth will be measured in a whole new framework of value.[/QUOTE]
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