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Precious Metals are true currencies: Marc Faber
Commodity Online ^
| 03/02/11
Posted on 03/04/2011 8:14:49 PM PST by TigerLikesRooster
click here to read article
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
2
posted on
03/04/2011 8:15:32 PM PST
by
TigerLikesRooster
(The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
To: TigerLikesRooster
Civilized trading construct. Fantasy if the $tuff hits the fan. Third option?
3
posted on
03/04/2011 8:22:21 PM PST
by
allmost
To: TigerLikesRooster
Precious metal would be worth nothing in a TEOTWAWKO situation. Consider...
You have enough food for 2 weeks
Some guy comes up and offers 3 pounds of pure gold for it
You...Accept? I think not.
To: Celtic Cross
But ... I have enough food for two and a half weeks. I’d take it. Maybe it’s just me, but I think I could barter my two weeks of food back using just one of the three pounds of gold. Who knows ... maybe even more food than that, for less gold than that.
5
posted on
03/04/2011 8:44:10 PM PST
by
coloradan
(The US has become a banana republic, except without the bananas - or the republic.)
To: allmost
Third option for what? currency?
here’s a few logical options:
tobacco
coffee
booze
drugs
ammo
fuel
drinkable water
luxuries like perfume, deoderant, toothpaste, toilet paper
animals
6
posted on
03/04/2011 8:44:10 PM PST
by
mamelukesabre
(Si Vis Pacem Para Bellum (If you want peace prepare for war))
To: mamelukesabre
7
posted on
03/04/2011 8:47:19 PM PST
by
allmost
To: TigerLikesRooster
8
posted on
03/04/2011 8:53:07 PM PST
by
hosepipe
(This propaganda has been edited to include some fully orbed hyperbole....)
To: TigerLikesRooster
Gold, silver, etc., were more attractive in ancient times due to their portability. Today that's not such an advantage. Portland cement, for example, is in high demand worldwide at all times YET not everyone is equipped to manufacture it ~ not that the primary component is in short supply, but typically coal fired kilns are used.
Got Coal? Got Portland!
It keeps well ~ and is portable with modern transport equipment.
9
posted on
03/04/2011 8:53:54 PM PST
by
muawiyah
(Make America Safe For Americans)
To: allmost
Tobacco is attractive because it’s easily portable. It’s also already established as currency in prisons. Drugs are also attractive for the same reasons.
I left out spices, pepper, salt, sugar in my original list
10
posted on
03/04/2011 8:56:09 PM PST
by
mamelukesabre
(Si Vis Pacem Para Bellum (If you want peace prepare for war))
To: coloradan
Going price for tulip bulbs (based on an actual event ~ 1943 the Dutch bombed the dykes near Walcheran Island to let in the sea to flood the German Army. Everybody in Northern Europe had a famine that winter too.
ONE CARET = ONE HANDFUL (roughly a meal for 2 or 3 people).
What you want are items far more portable than gold ~ so you can hide the stuff after you make the sale.
11
posted on
03/04/2011 8:57:25 PM PST
by
muawiyah
(Make America Safe For Americans)
To: mamelukesabre
Discussing this throws me off.
12
posted on
03/04/2011 9:00:35 PM PST
by
allmost
To: TigerLikesRooster
I always have a tough time getting change when I use precious metals to pay for my groceries.
13
posted on
03/04/2011 9:02:19 PM PST
by
Moonman62
(Half of all Americans are above average. Politicians come from the other half.)
To: Moonman62
14
posted on
03/04/2011 9:04:12 PM PST
by
allmost
To: Celtic Cross
I would not even let the guy know that I have the two week supply...though I have much more.
15
posted on
03/04/2011 9:28:09 PM PST
by
WorldviewDad
(following God instead of culture)
To: mamelukesabre
Just look at what fueled the black market in Europe after WW2 and you will know what becomes real “currency”.
One thing not on your list. Sex. For half the population that will be used as barter for necessities.
16
posted on
03/04/2011 9:33:17 PM PST
by
ChildOfThe60s
( If you can remember the 60s....you weren't really there)
To: TigerLikesRooster
17
posted on
03/04/2011 9:38:51 PM PST
by
PGR88
(I'm so open-minded my brains fell out)
To: TigerLikesRooster
OK, help me understand a gold standard.
If the gov’t only issues money backed by gold, then how does wealth get created? i.e. everything can be redeemed back to a GOVERNMENT vault? Just trying to understand, our fiat currency is certainly not working either.
To: TigerLikesRooster
Gold became currency only becuase it was rare and therefore relatively hard to counterfeit. Any amounts dug from the ground belonged first to the crown (or whatever despot was there at the time).
Today... a gold-backed dollar is just wildly impractical, and counterproductive. The money supply is best managed according to the productivity of an economy, not the amount of some shiny yellow metal that can be dug up out of the ground.
It really just doesn’t make sense.
19
posted on
03/04/2011 9:50:54 PM PST
by
Ramius
(Personally, I give us... one chance in three. More tea?)
To: Celtic Cross
Sometimes I have trouble envisioning that a total society collapse could happen in America.
The reason?
We are simply too well armed.
The life expectancy of a thug-type looter, murderer, rapist, general ne’er do well might be measured in weeks or even days.
That doesn’t mean that commodities like food and gasoline and tobacco could near almost priceless values.
But I would bet that some kind of equilibrium could be reached fairly soon.
Who knows!!!
20
posted on
03/04/2011 10:03:08 PM PST
by
djf
(Dems and liberals: Let's redefine "marriage". We already redefined "natural born citizen".)
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