I Have Questions, Why Gold and Silver, Economic Collapse

[Soldier-MedicParticipant 2566]

I have a little gold and silver locked away in my house. Just under $5k. I figured it was a good hedge against a real recession or depression. I figured that bother could be possible, given the US no longer has a strong manufacturing base.

My financial advisor is a self-made millionaire. He charges zero dollars for his time. All of his earning come from commissions from the companies that are carriers for the investment products they offer. He recruited me as a part time advisor.

You have to understand. He advises on products that have a guarantee on the principle. There is no risk of the loss of your investment. I thought this was bulls~~~ but I did my own research and he is correct.

Okay. I asked him once what financial advisor is worth listening to. I have looked up the records on some advisors out there that publish their outlook. He showed me no less than 5 talking heads that have an at least 90% bad pick record. That is to say, over 90% of all of their picks for the last five years have all been losers.

I once said to him that many people are concerned about an economic collapse. He responded with the question “What does that even mean?”. I walked away asking myself that same question. To me it means that our current economic system is completely defunct with foreign banks and countries not valuing our currency. This means that the dollar is worthless and our government is looking at bankruptcy. This means that we are back to the barter system and people have to grow vegetables in their back yards to survive. This means I need to up my supply of ammunition.

Is this what the rest of you mean by economic collapse and the need to have some gold and silver around?

If so, please explain.

"I asked you a question. I didn't ask you to repeat what the voices in you head are telling you" ~ Me. ........Yes I'm still angry.

[Anonymous 42]

Unfortunately lead may become more valuable than gold. It’s 1000 f. lower melting temperature is better suited for casting bullets.

[Jan SobieskiParticipant 28791]

All your gold is useless unless you have a few weeks of MRE type food and lead to protect it.

Love is just alimony waiting to happen. Visit mgtow.com.

[MattNYCParticipant 2329]

Colloquially i’ve always thought “collapse” meant that the US Dollar (or other major currencies) was effectively worthless. That is, if i want a cheeseburger, the chef that’s making them won’t take my USD, because he doesn’t think he can (re)use the USD to buy anything.

Soldier-Medic wrote:

This means that we are back to the barter system and people have to grow vegetables in their back yards to survive.

Yeah, exactly: if i can’t buy a cheeseburger with my paycheck (paid in USD), then i’ll stop going to work. And so will a lot of other people.

Without being able to add value somewhere (selling my time to the company that employs me), i don’t get paid. If i don’t get paid, i can’t buy the day-to-day stuff: food, clothes, medical services, etc.

This is where your gold/silver come in. These precious metals are almost always worth something to people. So at least you can still buy your food, clothes, medical services without USD.

Of course, most people don’t have enough gold/silver to “get by”. Hungry people can do drastic things. So you’ll have a lot of unrest & crime – people looting stores, robbing each other for food/medicine. And so ammunition becomes both a currency (high demand, people definitely want it & will trade you for it) and desirable from a usage standpoint (much easier to rob an unarmed person for his/her food, than an armed Soldier-Medic).

Personally i’d put most of my “zombie apocalypse savings” in to silver, because i’ll likely use it for day-to-day purchases. Save enough gold to “pay for” someone’s used car/truck if necessary to drive out of NYC. And enough ammo to “scare” my way out of a few sticky situations until i get to a place where i can grow my own vegetables.

[StargazerParticipant 12505]

I’ve always told my friends “If you want to invest in precious metals, you’re better off with iron and lead than gold and silver.”

Gold and silver can *maybe* serve as hedges against inflation and the collapse of printed currencies… IF the underlying economies remain viable. If they do not, your “precious” metals won’t be worth a damn. At least you can wipe your ass with a $100 bill… several times, in fact, if you wash it.

Iron and lead, on the other hand, in the form of guns and ammo, will be unquestionably valuable in the days and weeks following a serious economic crisis… as will rice, beans, water, medical supplies and a defensible place to hunker down and enjoy them. But consider this… do you *really* want to survive through a total system failure that could take years or decades for society to recover from? If not, all you need is a small caliber handgun, one bullet and the will to use it and you’ll be better off than 90% of the people stocking up their larders and “training” to survive zombie attacks.

Prepping is for weekenders… real survivalists are already out there with their families and communities, living as though it were 1850. For true survivability, my money is on the Amish first, the Mormons second and anyone who’s been barefoot in the Appalachians for the last 30 years after that.

The bottom line? Your best hedge against inflation and ultimate economic collapse is 1) enjoy spending your money now then 2) take out large, long term, low interest loans and enjoy spending them now and, finally, 3) when s~~~ hits the fan, raise hell for a few days then eat a bullet.

That’s my plan, at least. I’m not blue pill tradcon enough to believe the economic collapse is gonna make the wimmen realize how much they need us again, which is what I suspect 90% of the prepper craze is really about.

[MattNYCParticipant 2329]

Soldier-Medic wrote:

He advises on products that have a guarantee on the principle.

So your FA is telling you that there’s *no possible way* you can lose your principle? Is that correct? Is he only recommending government bonds? Because those are the only “guaranteed” investments that i’m aware of. If there are others out there i’d love to know what they are.

[Soldier-MedicParticipant 2566]

MattNYC wrote:

So your FA is telling you that there’s *no possible way* you can lose your principle? Is that correct? Is he only recommending government bonds? Because those are the only “guaranteed” investments that i’m aware of. If there are others out there i’d love to know what they are.

check your messages

"I asked you a question. I didn't ask you to repeat what the voices in you head are telling you" ~ Me. ........Yes I'm still angry.

[Jan SobieskiParticipant 28791]

Iron and lead. Great quote.

Love is just alimony waiting to happen. Visit mgtow.com.

[globemasterParticipant 443]

Soldier-Medic wrote:

t was a good hedge against a real recession or depression

Compared to stocks gold can be reliable, atleast in this part of asia.

Here it is gold,real estate, savings and then stocks, only 1-2% invests in stocks here.

I dont think dollar or usa is going to go down like that, the world uses dollar for transactions, so dollar will be there for a long time.

Having gold will help you if you lose a job or need money. Things like cars, real estate dont get good money or easy to sell. In asia people have around 500-1000 grams of gold informs of jewellery, they use a part of it as collateral to raise loans or sell in case of emergency.

It is kind of a thing with no depreciation, the price increases as year passes by. India,china the top populated countries have high demand for gold in terms of jewellery so gold will maintain its value, also they are used in high end electronics in a very very small amount.

[StargazerParticipant 12505]

Say there was a pandemic. I’d just stay home.

I’ve done the math on this. First off, Venezuela was not nearly as soft and comfy as we are. They had less height to fall from to get to food riots. Hell, an earthquake and tsunami devastated parts of Thailand and a week later you couldn’t tell the difference. Some cultures are just closer to the ground than us… most are a lot closer.

But as for survival… there are really four scenarios:

3 Day – your average pantry, a battery powered radio and deck of cards and some Tylenol and you’re probably good.

7 Day – you’d better have a gallon of water per person per day, some ready to eat cold food, a good first aid kit, kitty litter and garbage bags for human waste, a crowbar and a handgun and a REALLY good book or else you’re going to have trouble.

21 Day – All of the above plus duct tape, plastic sheeting, solar powered shortwave/CB/HAM radio, hardedened food supplies, water purification tools, someone on your team with medical skills, a f~~~ing team of people, firearms, months and months of regular training and real OPSEC so you can hunker down and shelter in place until the s~~~ blows over and the army arrives for evac or else you and everyone with you is dead.

30+ Days – Really? You think you’re going to re-populate the Earth? Leave that s~~~ to the Mormons.

This is all you need to know. If you imagine yourself wearing an animal fur cape with a hand-hammered sword at your side taking you wives to market to trade antique silver coins for salvaged parts and fresh grown vegetables in a post apocalyptic world without governments or borders, you’re out of your f~~~ing mind.

[BeerParticipant 11832]

Stargazer wrote:

I’ve always told my friends “If you want to invest in precious metals, you’re better off with iron and lead than gold and silver.”

I agree man, I don’t get the whole gold/silver post collapse thing. If you hand the average person a silver coin vs a quarter, neither is going to be more useful than the other. Why would some guy refuse my worthless quarter but be more than happy to accept a silver coin, especially when the next guy in line trying to barter is offering some food, ammo, medical supplies, labor, etc, things that actually have a use. Its not like people are going to be melting down gold to make electrical equipment or give a s~~~ about shiny jewelry when they are starving.

My plan for a US economic collapse…simply invest in companies that do business globally. When the US finally collapses as the world economic leader China is probably going to promptly step up to fill the void. When I’m living on the beach of a foreign country I’m really not going to care if my dividends are being paid out to me in American currency or Chinese currency…I’d just be converting them to the local currency anyhow.

Stargazer wrote:

This is all you need to know. If you imagine yourself wearing an animal fur cape with a hand-hammered sword at your side taking you wives to market to trade antique silver coins for salvaged parts and fresh grown vegetables in a post apocalyptic world without governments or borders, you’re out of your f~~~ing mind.

If we have a total global collapse I’ll probably just hope I’m one of the first to go. Probably 90%+ of the world’s population would starve in the first few months. Pretty much every person living in a major city would die. When the governments all collapsed the world would pretty much turn into an old school feudal system where various gangs and towns would be banding together to try to protect their s~~~ from displaced people/groups trying to take whatever they can to keep themselves alive…people aren’t going to be in a sharing mood when they are having trouble keeping themselves provided for.

Being chased by a bunch of dumb slow zombies would be a cakewalk compared to being hunted down by a group of armed bandits that wanted to kill you because you have a backpack full of canned food and some ammo on you. I’d never bother being a prepper simply because there are overwhelming odds the guy next door is just going to end up shooting me in my sleep or the next swine flue or mad cow disease to spread with no oversight is going to wipe out a ridiculous amount of people including me. In the end most of the “preppers” I know have a useless stash anyhow…like a month worth of MREs, a few cases of bottled water, and some ammo…exactly enough for them to outlive their neighbors by a month and then starve like everyone else. If you aren’t living on a farm growing your own food you aren’t a prepper, your a postponer, but your end will still likely be the same as most everyone else’s if the s~~~ truly hits the fan.

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