Scarcity equals value.
I do it for multiple reasons.
Diversify. Collection in the event stuff doesn't hit the fan, as we all know not everyone is into guns and ammo so there may be something I need if SHTF and gold/silver is the only way to get it.
Only when there is a demand. Food, shelter, and safety will trump shiny things when they become scarce.
so you are with me wondering why Gold etc or not? Or are you simply here to stir the pot w/o taking a side?And so you prove my point. All I said was Scarcity equals value. When Food is in short supply it's value increases ...
I don't prep more than to be able to get through a natural disaster. Beyond this I put myself in the Lord's capable hands.
I want to know something though, why precious metals and gems? You can't eat them and they won't be worth much if the economy collapses. I know if a guy/gal came to barter for a gun or whatever and had gold bars I would tell them to get something good to eat or something that helps me cook or solar panels etc.
Gold/Silver would not fit this bill for me. All it is at this point is pretty. My money is better spent on food storage etc IMO so help me on this one.
so you are with me wondering why Gold etc or not? Or are you simply here to stir the pot w/o taking a side?
In any case, food shelter and water not in that order will be the stuff in the biggest demand for the length of the problems. Rarely will things lacking intrinsic survival value be in demand until the end of those troubles, if it comes in our lifetime, come into view. I freely admit that once those things become worthwhile will be never if things don't come to an end and "order" is restored. Personally I think when the bottom falls out, and that is certainly coming, they will not be resolved in any type of short term. When things DO start getting back to "normal" though is a different beast altogether.
"Mises showed, as far back as 1912, that since no one will accept any entity as money unless it had been demanded and exchanged earlier, we must therefore logically go back (regress) to the first day when a commodity became used as money, a medium of exchange. Since by definition the commodity could not have been used as money before that first day, it could only be demanded because it had been used as a nonmonetary commodity, and therefore had a preexisting price, even in the era before it began to be used as a medium. In other words, for any commodity to become used as money, it must have originated as a commodity valued for some nonmonetary purpose, so that it had a stable demand and price before it began to be used as a medium of exchange. In short, money cannot be created out of thin air, by social contract, or by issuing paper tickets with new names on them. Money has to originate as a valuable nonmonetary commodity. In practice, precious metals such as gold or silver, metals in stable and high demand per unit weight, have won out over all other commodities as moneys. Hence, Mises' regression theorem demonstrates that money must originate as a useful nonmonetary commodity on the free market." - Murray Rothbard
The Case for Genuine Gold Dollar
What Has Government Done to Our Money? by Murray N. Rothbard
And I'm now done with this thread.
I don't prep more than to be able to get through a natural disaster. Beyond this I put myself in the Lord's capable hands.
I want to know something though, why precious metals and gems? You can't eat them and they won't be worth much if the economy collapses. I know if a guy/gal came to barter for a gun or whatever and had gold bars I would tell them to get something good to eat or something that helps me cook or solar panels etc.
Gold/Silver would not fit this bill for me. All it is at this point is pretty. My money is better spent on food storage etc IMO so help me on this one.
I buy gold and silver coins because I like the sound they make when I clink them together
Disability sometimes comes out of nowhere so it is hard to prep for everything.