[Celerity]

Gold is how you buy large property (Not just land, but big-ticket items) in just about all trading economies.

Silver is how you buy food and gas in all trading economies. It’s just as important to not have a pocket full of gold as it is to have empty pockets in a crash.

That said, Did this place turn into SHTFplan.com while I wasn’t looking ? The lucrative “prepper industry” has been telling us the dollar is collapsing in 24 hours for the past literally 18 years.

[Sgt_Schultze]

In SHTF time, neither precious metal is of much use. The metal of choice then is lead and brass, in any caliber. A handful of cartridges should fetch a meal or some fuel at least. Just make sure you trade metal is different than your protection metal.

[NRx]

This is not a prepper doom porn. This is Barrons. And they are not predicting the end of the dollar. Nor are they telling people to put all their money in gold. They are however, warning that inflation is likely coming as a result of our out of control debt and that gold is at an attractive price right now. They are suggesting it has a place in a well diversified portfolio.

[SaxxonWoods]

“The lucrative “prepper industry” has been telling us the dollar is collapsing in 24 hours for the past literally 18 years.”
++++++++++++++++++++++++++++++++

Actually, they’ve been telling us that since at least 1965 that I can remember and probably earlier. They just have a really big megaphone known as the internet now.

[elcid1970]

“Silver is how you buy food and gas in all trading economies.”

That’s right! Morgan or Peace cartwheels will always trade as coin of the realm.

Gold? I’m a big student of 1920’s German hyperinflation; relatives were sending my grandparents million mark notes & were begging for greenbacks. When they later went Nazi, Oma und Opa told them to bleep off. Anyway, Germans who held gold took a train to Switzerland & turned their gold into Swiss francs which they took back to Germany where anyone would accept them in payment which made inflation even worse.

We don’t have the luxury of a border country with a currency sounder than ours. Canadian dollars? Ha!

Keep some junk silver in reserve but invest the rest wisely, is my advice. Thank God for Pres. Trump, is my prayer.

[Zhang Fei]

[That said, Did this place turn into SHTFplan.com while I wasn’t looking ? The lucrative “prepper industry” has been telling us the dollar is collapsing in 24 hours for the past literally 18 years.]

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People resort to the strangest scenarios cooked up by Hollywood and various science fiction authors. We know what happens when currencies go south bigly. Mexico. They still use paper currency. It’s just worth less. And they hedge with some other currency. Greenbacks. We could hedge using Swiss francs. The idea is to use something that doesn’t involve a big spread between purchases and sales, and hopefully pays interest. That’s not gold. Or silver.