U.S. TREASURY WILL SUSPEND SALE OF STATE AND LOCAL GOVERNMENT SECURITIES ON JULY 30
TREASURY WILL "NEED TO START TAKING CERTAIN ADDITIONAL EXTRAORDINARY MEASURES" TO PREVENT U.S. DEFAULT IF CONGRESS DOES NOT ACT BY AUG 2
- YELLEN
I told you a few weeks ago to watch this...
(twitter.com)
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I can say the same about gold. If the world goes to shit and we are back to hunting and gathering food just to not die, no one is going to give a shit about shiny metals. They probably wont even trade you food for trinkets... ammo maybe, but gold only has value because humans currently think such... (some) crypto imo is no diff from gold. Limited supply, it only has value if people see value in it, and yeah it's useless if everyone is shooting deer just to feed their family, but the same goes for gold and silver in such times...
People have been giving a shit about shiny metals for hundreds of years prior to the dollar or crypto (and still continue to today). If we are forced to go all the way back to either hunt or die for literally every person in society we're fucked anyway. I dont think the grid going down would put us in such a state. Cities would be fucked but country folk can survive. I think the separation everyone is having in this thread is the idea of what exactly the circumstances of a major catastrophe would be. Everyone seems to be in agreement just with different scenarios in mind.
I plan to live like a king off my super-valuable collection of 80s baseball cards, comic books kept pristine in those plastic sleeve things, and thousands of ultra-rare beanie babies that QVC told me over and over can only go up in value.
Precious metals with their thousands of years of established value vs. juvenile fantasies that someone else will pay big money for my worthless crap? Oh, Iām 100% betting on the latter.
I have silver but bottlecaps would be sick. I have buttloads.
WTF are you talking about? I own hundred of ounces of silver, I'm just saying I also collect bottlecaps and it would be nice if those were barterable in whatever scenario. But to answer your question bottle caps are made from aluminum which is valuable, no not as valuable as silver.