mr18 wrote:please tell me more on the bad 90% investment. you see, i hoard it all, some not to re-sell later since it is for a SHTF type scenerio. but if i want to turn a profit, what would your recommendation be?
mr18 wrote:exbingoaddict,what i understand for CRAP HITTING THE FAN is when there would be a total collapse of the dollar and replaced with another fiat currency or perhaps merging the dollar with other countries. Silver and gold always retain their value. Silver can and is used today in exchange for goods and services. My father has done lots of side jobs where he has been paid in silver with no worries of selling the silver for FRN when needed to.
exbingoaddict wrote:There's a pet peeve I have when people throw around the "SHTF" talk. If they mean we're going to have a collapse of civilization, then metal is worthless. It's survival mode, you can't drink gold. You need water, food, shetler, and weapons. I'd rather have the canned fruit then all the silver in the world. In the fallout shelter, the man with the can opener is King.
68Camaro wrote:There are an infinite number of SHTF scenarios, depending on how big the dump and how fast it hits what sized fan spinning at what rate, etc.![]()
If you're prepping, you are probably prepping for several possible scenarios, but unless you've hunkered down in a sealed self-sufficient fall-out shelter in the middle of rural Montana there is always one that you can't prepare for. (And even in that one, you'd be toast if the big meteor hit you dead-on...)
The most common prepping is I think for something on the order of a worthless dollar, with economic collapse, socio-policital issues, and some limited possible lawlessness. For that 90% silver has huge value.
Complete loss of civilization adds several other dimensions that are frankly impossible for most of the population to prepare for. Don't like to think about that, but I keep that one in mind as well. For that one silver doesn't help much.
exbingoaddict wrote:In a nutshell, people mostly buy gold as A) hedge against inflation and B) the end of the world. A makes sense to me. B it's pointless. That's just the case I'm making and I'll step of of my soapbox now.
68Camaro wrote:Perhaps we agree... believe it or not
I buy PM for A. I stock my shelves, buy supplies, ammo, etc - for the things between A and B. But full-blown B - that can't really be prepared for (in my opinion).
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