“what do you think you are going to do with them???
...pass them to your descendants???
...barter with them???
...sell them later for more than you paid for them???”
Great question. Has anyone on this board ever used precious metals in a SHTF scenario?
Does anyone know if precious metals were used in places like Venezuela or other SHTF countries?
There was one time my wife and fell on hard times and had to file bankruptcy.
I had to sell all my silver-coins, rounds, even solid silver silverware that was left to me. I still get sick thinking about it, but they DID appreciate in value considerably.
When times got better, I was able to start building up our collection again.
My plan is to leave it to my children, but if I ever need the cash again, it will be there for that.
None of us really knows what's going to work in a SHTF scenario. Though it's looking more likely we will find out.
Barter of different sorts is a guarantee. There was a fellow, can't recall his name - he used to get posted a lot on Zero Hedge - who lived through the Bosnian war and he had some interesting observations about what people did to survive.
Barter. Women were prostituting for toilet paper. Disposable butane lighters were a useful trade.
A key thing to keep in mind is that if/when the USA goes Venezuela, there will be no USA to bring us aid. There will be no one to bring us aid. We are the ones that always brought the aid to others. It will be unprecedented.
Smaller weights of silver/precious metals, regardless of form, would seem to count for the same as long as they can be verified to be .999 pure. Who knows? We will know when it happens.
We've never truly had one, so we have yet to find out.
I have a substantial amount of gold and silver in a depository but that's just to diversify my portfolio. At some point in retirement, I would expect to sell some of that and convert to cash to live on.
Can't imagine a scenario where I would plop down gold or silver on a counter for a loaf of bread in a SHTF situation. I would think I would be as screwed as anybody else. Would I even be able to get to the depository to collect my silver and gold? I would think not. It would be all gone.
Melt them down and cast them into bullets you can use agaihst vampires.
There was a guy who ran a website named SHTF. He was in the Yugoslavian civil war. He said to focus on silver, because: 1) if you have a gold coin and you want to buy a chicken- guess how much that chicken now costs; and 2) If you have a dozen dimes no one really notices, but if you have a gold coin everyone talks about it.
Oh yeah, ebay is a good place to get silver coins. Just figure out what the silver content is then multiply that to the spot price and that is your max bid (remember to factor in the shipping costs). You will loose 9 out of 10 bids, but you won't pay too much.
I’ve talked to French people whose parents bartered gold during the WW2. “Acheter d’Or” was their advice. Buy gold for when the SHTF.