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Dick Cheney said to Treasury Secretary Paul O'Neill: "You know, Paul, Reagan proved that deficits don't matter. We won the mid-term elections, this is our due."
I always laugh at the gold nuts that actually think in an end of the world as we know it scenario their gold is going to be worth anything.
If the stuff really hits the fan, the real value would be in items that can actually be used to stay alive. Items like antibiotics, painkillers, other medications, medical equipment, first aid supplies, generators, weapons, ammo, fuel, food, clothing, etc.
A bicycle would be more useful in a disaster situation than some gold bars or coins.
The gold hoarders will just have some shiny metal to look at while they starve to death in their caves.
Also, if gold was the superior investment that it is being touted as, why would companies be spending money advertising on talk radio to convince you to buy it? When the pros are spending thousands of dollars attempting to convince you to buy gold, any rational person would understand that they are being played for suckers.
Medications will be the most important thing to have in a SHTF scenario.
All the gold/silver buying is the same as the real estate bubble. Same thing being sold over and over again. When the time comes it will all crash and burn too and folks will be staring at their piece of paper wondering where their bar of gold is.
Medications will be the most important thing to have in a SHTF scenario.
All the gold/silver buying is the same as the real estate bubble. Same thing being sold over and over again. When the time comes it will all crash and burn too and folks will be staring at their piece of paper wondering where their bar of gold is.
You have options.
Rarely will someone like you or me, get the paper IOU.
It is those buying in very big quantities, that get certificates. To use as liquidity, when you want to trade, with them.
Medications will be the most important thing to have in a SHTF scenario.
All the gold/silver buying is the same as the real estate bubble. Same thing being sold over and over again. When the time comes it will all crash and burn too and folks will be staring at their piece of paper wondering where their bar of gold is.
Precious metals are used t make medications. Silver makes antibiotics.
I have a 1,000 acre farm & grow 150,000 bushel of corn. I don't need or want anything you have to trade me. I will trade for Gold. Because Gold will buy me fuel, fertilizer, herbicide, pesticide, machine parts, etc from any country on the planet. If you want to eat what I grow, you had better have Gold.
I have a 1,000 acre farm & grow 150,000 bushel of corn. I don't need or want anything you have to trade me. I will trade for Gold. Because Gold will buy me fuel, fertilizer, herbicide, pesticide, machine parts, etc from any country on the planet. If you want to eat what I grow, you had better have Gold.
You know how to brew your own beer? How to make your own liquor? Do you have sources of salt?
Lots of trade goods that are far more valued then gold.
You know how to brew your own beer? How to make your own liquor? Do you have sources of salt?
Lots of trade goods that are far more valued then gold.
Beer & salt will not make my tractor run. You would have to barter that stuff off for something I need. A common currency is a much more efficient way to barter/trade than using random goods that are perishable. There is no way to save a perishable item such as gas, food, beer, etc. I need to save for planting season or to get through failed crop years or health reasons or retirement. I need goods & services when I want them & not when you feel like trading around beer for pesticide.
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