Interesting way of looking at it, and maybe a initial gauge .... as this calculation is based on the current situation.
A very good way of gauging how much Silver you would need is to look at prices of goods and services over time, like year: 1300, 1400, 1500, 1600, etc AD.
Then you calculate your spending habits and your potential to earn a payment for your goods and services. Then you divide this in a couple of sections:
certain goods and services can be exchanged directly for other goods and services (barter)
certain goods and services will need the exchange of gold and silver = money.
a certain amount can be used to create credit based on your assets, because without credit, business will become difficult when it is outside your direct region of operations.
Some people will not have to pay any rent, or mortgage. Others will. Some will live another 10 years, others maybe 50 or more. So, the amount may vary from human to human.
Much of it will depend on what you are stocking up on and your skills-set you are able to exchange for values.
Follow-on thought. Watching the above video, I THINK he may be talking about silver / gold as an investment, with the thought of buying low and selling high. I've never seen metals in that way... I am a hoarder, and I try to forget it's there at all. It will only come out when there is no other medium of exchange, when currency is worthless. That's not an "investment" IMHO, it's a hedge against economic disaster.
There might be room for "investment" as silver is so manipulated to such a low price that when it snaps back to where it should be one could make a "profit".
That being said people have been saying silver is too cheap for decades.
So I wonder what real value could be attached to silver when TSHTF? What, for example, could pre-1964 silver US coins, could be used to buy a week's worth of groceries? One silver troy ounce? Two? Or fractions thereof? Of course we cannot know the value until the actual event occurs, as the market -- buyers and sellers -- will set the value, not some metals speculator or manipulator in some far-off city. I suspect that local realities will prevail and a troy ounce in east Tennessee will have a different value from Long Island, NY.... or Sacramento, CA.
I've consistently seen for several years from finance people that once the paper fails and silver finds its true price, it will revalue at $300-600 an ounce.
Very good overview, and I concur. Although I have collected silver in small batches and discreetly over the years, one of the things I'm concerned about that period in between a fiat currency collapse (Day 0) and when a barter-silver-gold-asset economy will spring up (Day ?).
That period could be anywhere from several weeks to several months. During that uncertain time a lot of desperate people, those who have NOT prepared, will start doing desperate things. I don't even have to bring up examples; we've seen them on TV almost weekly for the last decade.
It that in-between civilization and Brave New World time where maximum Mad Max behavior can (and probably will) occur. We all need to be able to defend ourselves and become willing to do whatever is necessary to make it through to the next economic age.
Interesting way of looking at it, and maybe a initial gauge .... as this calculation is based on the current situation.
A very good way of gauging how much Silver you would need is to look at prices of goods and services over time, like year: 1300, 1400, 1500, 1600, etc AD.
Then you calculate your spending habits and your potential to earn a payment for your goods and services. Then you divide this in a couple of sections:
Some people will not have to pay any rent, or mortgage. Others will. Some will live another 10 years, others maybe 50 or more. So, the amount may vary from human to human.
Much of it will depend on what you are stocking up on and your skills-set you are able to exchange for values.
Follow-on thought. Watching the above video, I THINK he may be talking about silver / gold as an investment, with the thought of buying low and selling high. I've never seen metals in that way... I am a hoarder, and I try to forget it's there at all. It will only come out when there is no other medium of exchange, when currency is worthless. That's not an "investment" IMHO, it's a hedge against economic disaster.
There might be room for "investment" as silver is so manipulated to such a low price that when it snaps back to where it should be one could make a "profit".
That being said people have been saying silver is too cheap for decades.
So I wonder what real value could be attached to silver when TSHTF? What, for example, could pre-1964 silver US coins, could be used to buy a week's worth of groceries? One silver troy ounce? Two? Or fractions thereof? Of course we cannot know the value until the actual event occurs, as the market -- buyers and sellers -- will set the value, not some metals speculator or manipulator in some far-off city. I suspect that local realities will prevail and a troy ounce in east Tennessee will have a different value from Long Island, NY.... or Sacramento, CA.
I've consistently seen for several years from finance people that once the paper fails and silver finds its true price, it will revalue at $300-600 an ounce.
They've really proven it by showing how big players automatically move in and intercede when the price starts to climb
Very good overview, and I concur. Although I have collected silver in small batches and discreetly over the years, one of the things I'm concerned about that period in between a fiat currency collapse (Day 0) and when a barter-silver-gold-asset economy will spring up (Day ?).
That period could be anywhere from several weeks to several months. During that uncertain time a lot of desperate people, those who have NOT prepared, will start doing desperate things. I don't even have to bring up examples; we've seen them on TV almost weekly for the last decade.
It that in-between civilization and Brave New World time where maximum Mad Max behavior can (and probably will) occur. We all need to be able to defend ourselves and become willing to do whatever is necessary to make it through to the next economic age.
So, 60 pieces of silver to get there, 1700 rounds of brass to stay there? Haha, sort of...
Well if that is the standard, then I have overachieved on both counts. I'll just leave that there.
Lol great work, pede! I just wanted to use the number 17! Also maybe should have noted, per gun.
If shit falls apart I guarantee I will not be paying any mortgage and living in my house...