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Why Gold Would Be Useless in an Economic Apocalypse: Seriously, stick with the canned goods
The Atlantic ^ | 12/27/2013 | JORDAN WEISSMANND

Posted on 12/27/2013 5:44:30 AM PST by SeekAndFind

Since November, financial advisor David Marotta has been publishing a series of blog posts on how to manage your money in the event of a financial apocalypse—as in a world of hyperinflation, governmental collapse, and anarachic mobs. You know, the standard stuff of a doomsday prepper's fever dreams. While Marotta admits he has some fears about the direction of the country (the man's not an Obamacare fan, to say the least) most of it seems to be fairly tongue-in-cheek material aimed at talking potential clients down from investing in some of the crazy, survivalist scams advertised on conservative talk radio. (Sadly, The Washington Examiner seems to have missed the humor).

And the first scam on his agenda? Plowing all your money into gold, of course. Here's his biblically inflected explanation of why toting around a suitcase of gold come the end times—and at today's prices, a $1 million in gold coins would fit in a suitcase—would be a suboptimal strategy:

If there really is a collapse of the money supply it is difficult to believe that your briefcase of pretty coins will still have any purchasing power near $1 million. In the 1970s, Christian singer Larry Norman made popular the Apocalyptic song lyric, “A piece of bread could buy a bag of gold” based on Revelation 6:6. In The End, I’d rather not have bought as much gold as possible.


(Excerpt) Read more at theatlantic.com ...


TOPICS: Business/Economy; Society
KEYWORDS: apocalypse; cannedgoods; gold; preppers
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To: LowOiL
if you're on warfarin, its a commonly used rat poison so you could probably find it in the pet/farm store....

I've just thought about this...if you are on blood thinners now, can you start noting the color of the blood they draw from you for blood thinner levels?...like have them place a tiny drop on your finger, and see if after time you can guess what your numbers are going to be...like if you blood is very dark, or very light or seems think of thin....perhaps in a SHTF scenario, you could develop your own way of determing your dose....

241 posted on 12/28/2013 10:24:07 PM PST by cherry (.in the time of universal deceit, telling the truth is revolutionary.....)
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To: cherry; LowOiL
if you're on warfarin, its a commonly used rat poison so you could probably find it in the pet/farm store....

A less risky course might be a supply of ground cinnamon. It contains some coumadin (the active ingredient) and a regular intake of 1/4 to 1/2 tsp cinnamon per day will have a measureable blood-thinning effect.

242 posted on 12/28/2013 10:38:00 PM PST by okie01 (The Mainstream Media: Ignorance On Parade)
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To: okie01

Hey thanks for the post on cinnamon. It does hold promise to thin when my butt is in a gin (tight spot).


243 posted on 12/28/2013 11:27:01 PM PST by LowOiL ("Abomination" sure sounds like "ObamaNation" to me.)
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To: cherry
speaking of pickles, won't they last forever if not opened?....same with olives?....

I have an old house I use for storage and decided that even with the power off, I would store some items there. Heat is your number one killer of items IMHO. I had an old freezer there and stuffed it with food items (including olives) and two years later (rotating them out) I found the olives had obtained the taste of the moth balls I had also stored in the freezer. That tells me that they breath somewhat when heated. Anyhoo, I had to throw out a bunch of items because of my blunder.

Keeping food cool/dry/bug free with no power would be a thread that would interest me.

244 posted on 12/28/2013 11:34:26 PM PST by LowOiL ("Abomination" sure sounds like "ObamaNation" to me.)
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To: JRandomFreeper

There are huge underground bunkers where the elite will ride out shtf. The surface where the rest of us will be figures to be a dog eat dog zone. The government will only come out of their bunkers when most of the people have managed to expire. IMHO.


245 posted on 12/29/2013 9:26:51 AM PST by ez (Muslims do not play well with others.)
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To: ez
An underground bunker is also called a tomb.

Besides, pantywaisted government 'elites' won't want to deal with those left after natural selection has hardened off the remaining population.

/johnny

246 posted on 12/29/2013 10:13:10 AM PST by JRandomFreeper (Gone Galt)
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To: Kartographer

Yep. Thanks.


247 posted on 12/30/2013 5:11:52 AM PST by cyn
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To: Marcella; central_va; Old Sarge; JRandomFreeper

Been busy calibrating Christmas with my family.

Any way Marcella is right I absolutely meant what I said. Just finding a gold coin on the ground during SHTF? You better believe I would suspect a set-up of some kind. Yet you don’t see it? It’s called situational awareness. Study it, it might just keep you alive.

Bobby traping money or anything valuable is one of the oldest tricks in the book ask any VET on FR.


248 posted on 12/31/2013 4:30:22 PM PST by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer

I for got to mention when spent a good deal of time at my brothers remote property and using his range. I ruin the joke on ‘calibrating’ and ‘celebrating’ LOL we did BOTH!!!

You know this thread is funny when I consider how many times I was accused of being a ‘gold’ shill because of my preparedness posts. So may I should get the two sides together and let them decide which I am?? ;-)


249 posted on 12/31/2013 4:42:05 PM PST by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer

If gold is worthless why bait a trap with it?


250 posted on 12/31/2013 7:55:14 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

Just because I don’t fall for the trap doesn’t mean you won’t. In from your posts I say the odds are good you would fall for it or you would sit it. Tell me something if you are in the desert and you have one canteen of water and you know it would take two canteens to get you to the nearest water how much gold would you sell you water for? Tell me how many real shtf situations have you been in? As I said from the begining I rely on the advise and the experiences of those who have actually lived through shtf. How much gold do you think the Nazi took off the Jews when they were loading them in cattle cars. Think how different things would have been if they had brought some guns with their gold. They would have most likely still had died, but they would have died on their feet and not on their knees.


251 posted on 12/31/2013 10:29:33 PM PST by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: cherry
Pickles do last a long time. I prefer to eat fresh or frozen veggies. However, for preps, and situations where the electricity might not be available, I decided that canned veggies have their place.

They do have some liquid which helps with the water requirement, and they have some nutrition, though not as much as fresh or frozen. And they don't require electricity to be good.

We bought a new freezer, and it went on the fritz a couple of times, and the repairman couldn't find anything wrong with it. So eventually the warranty ran out, and we just got tired of messing with it and unplugged it.

We are also canning and dehydrating some of our own foods.

252 posted on 01/01/2014 9:30:57 PM PST by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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