What use will your gold and silver be?
I have often wondered about people who believe that in a societal breakdown gold or silver will get you out of trouble rather than effectively painting a great big target on your forehead.
Let’s say after the disaster you go to the nearest functioning market to buy whatever staple foods the farmers are prepared to sell. So you pull out a gold sovereign and buy a few bags of rice. You go home and eat the rice, next week you go back to the market with another sovereign, first off you will be told the rice costs two sovereigns now. Then before you have even reached home the story will be all around the market that you have a stash of gold in your house.
That isn’t going to end well.
What use will your gold and silver be?>>>>>>>>
Makes a good boat anchor, but its the only currency that will work if at all.
You want into a castle? You have to bring something.
Then before you have even reached home the story will be all around the market that you have a stash of gold in your house.
That isn’t going to end well.>>>>>>>>>>>>>>>>>>>>
Who said I would be at home? Did you misread what I wrote or are you putting words in my mouth.
Maybe go instead with a lead and brass mix for barter? They’ll know you have more in your camp.
Remember back in the 1980s when all the “Survivalist” magazines were suggesting stocking up on sewing needles and .22 cartridges for bargaining with others?
The only thing it is good for is after the US dollar collapses or is no longer the reserve/default currency.
Whatever scrip replaces it, the gold and silver will allow you to "buy back in" and join the new economy...once it is established in God knows how many years. So the gold and silver you hoard is asset protection only. But, small pieces of silver can be used for barter. Which is why pre-1962 US coins (90% silver) are getting near impossible to find.