Home Forums Hunting & Shooting Hunter's Campfire Ignorance About Gold

First off, no one said anything about not bothering to prepare in other ways also. Secondly, those who produce more than they can consume before it goes bad had better quickly figure a way to accept payment, or lose their shirts in spoilage.

I guess that Menendez owes some taxes on them gold bars he took from a foreign government.

Price of Gold most times depends on what the political situation is in the ME!!

First off, I didn't say that no one was considering preparing in other ways. Second, getting rid of access food today is going to cause problems tomorrow. Have you ever heard of canning, salting or pickling? If you haven't, you better figure it out. A group of people that "figure(s) out a way to accept payment" and gets rid of their excess vegetables at harvest time because they "produce more than they can consume" that week is going to starve. At least for a few years until things settle down a bit. I suspect that you don't have sufficient plans in place to survive the first year or so. Those who do can add your gold to what they already have.

Wasn't trying to piss on your little parade, just pointing out that gold won't likely get you down the road very far. You pointing out that there are car repair, and certainly other, places that will accept gold as payment today is meaningless when referring to a future collapse.

History doesn't support your position, but more power to you.

Gold & Silver won’t come into play until things sort themselves out. In the sorting things out stage, lots of folks are going to starve, get shot trying to steal others food, shoot those who have it, die of sickness, and other issues. Sure wouldn’t want to be in a big city when the stores run out food.

Eventually things would settle down. What that looks like is anyone’s guess. The in between times will be a real hoot and holler for a lot of folks.

I pray to God it never happens. However I think a man is foolish if he doesn’t prepare for bad times. That might be a week without power, or it could mean something much more serious. The way the climate is in our country today, I wouldn’t rule anything out.

Interesting how the value of things change. Here in the Communist state of Washington, 30rd AR mags have become quite valuable. It’s when you can’t get what you need that you quickly see the true value of something that seemed to be everywhere once upon a time. And then “Once upon a time” changes.

They (who ever that is) seem to really be pushing gold right now. My question, if it's such a good deal, why are they trying to sell it so bad???

Well China, Russia, India and many other countries seem to want it real bad. Buying it at record amounts. The BRICS countries are stockpiling it. Of course Slow Joe and his handlers are to busy trying to control us to worry about any of that nonsense.

I think you're largely right but I think it will have value right at the beginning also because many of those with abundance will be shortsighted and likely to sell the things that they will later need. Right in the middle of a collapse the only thing that will have value is shovels, seeds, water, medicine, food, skills & guns and ammo. IMHO

A lot of guys are planning to live off the land when the SHTF. They're in for a shock. Within 6 months to a year, our wildlife will be decimated. We have enough guns in rural hands to wipe out everything alive out there trying to feed themselves. There just aren't enough animals out there and with no protection, they'll be gone in short order.

I think it would take far less than six months but valid point, IMHO.

Perhaps, but I don't see evidence that makes me believe I would be better off buying gold in case it could be used to buy things in the rare possibility of a collapse. If I were going down that road, I would buy the things I anticipate I'll need later now rather than accumulating gold.

Nope, buying gold isn't free insurance...it has an opportunity cost.

Hype benefits those that hold it. Hype like an infomercial.

Good isn’t any good until you spend it. Food is good every day.

Food will get you through times of no gold, but gold won’t get you through times of no food.

Invest wisely…

Most real preppers understand you buy the necessities first, food shelter, guns ammo etc.... then when those needs are met you buy precious metals.
As others have pointed out it's a way of preserving some wealth as you come out the other side of the collapse. P.M.'s aren't for survival

First, I'd ask for the definition of a "prepper", but furthermore, commerce in a theoretical post-collapse society is what is being touted as one of the benefits of collecting precious metals.

You're right. Living off the land won't work for long for those who try it. In our case, we have a considerable amount of land in the northwest corner of our rural county, centered on a cousin's several thousand acre dairy farm. All forest and swamps for about 8 miles, or so, to the west and 10 miles to the north. We have about 175 to 200 people in the extended family and friends who would form our community. We have bulk salt (could probably use more), bulk fuel (enough to last a couple of years with the reduced use for tractors and chainsaws), plenty of fresh water with pitcher pumps. We have hundreds of years of combined experience in hunting, gardening, canning, butchering, making maple syrup, etc.... We have cattle, chickens, ducks, and a few pigs. Couple of horses. We also have, and have maintained a couple of great grandparents' horse drawn farming equipment. We know the land; my generation is the 4th to live there.

We have, amongst us, several hundred guns and several hundred thousand rounds of ammo. I believe that we are set up to make a serious go of survival. Question is if got hit by a group that we couldn't stop. Who knows. I hope we don't need to find out.

Always regretted not buying the 1-ounce gold Krugerrand when it first came out at about $36 a piece. Had planned to buy at least two a week, but having just gotten out of the Army, I was having too much fun doing other things.

Phil

The problem with both gold and silver is once a person buys it they almost never sell it. The desire to own it overwhelms the desire to become a sensible investor. I’m guilty of this myself as far as silver goes. If it ever hits $30 an ounce again my stash will be sold.