Curious... In a true societal economic crash what use is the gold and silver?
If I have gold and silver in-hand and markets collapse taking with it supply chains (food, medicine, etc) into a full system collapse, who Is going to trade me some food or other items for the gold? People will need to eat and they can't eat gold and silver.
If I have extra food from my garden or hunting and wanted to trade it I would want cloths or medicine or labor or lead or gas from the person I trade with not gold or silver.
When the new system starts up,you will need gold and silver or you're gonna start with nothing.
Gold and silver is not for during shtf,it's for after. The goal is to get through shit hitting the fan with you stack of metals so you end up very wealthy in the new system.
There are plenty of people and places who will accept silver. On reddit there are a couple guys who trade fresh beef for silver and gold,I wish they were near me. I'm a mechanic who accepts silver and gold as payment.i even offer a discount for using it. There was a gas station in a neighboring town who was accepting gold and silver till the town said they couldn't (tax reasons supposedly).
There is a parallel economy that uses metals. You just have to look for it and start using it.
I do understand that. What I am stating is that labor would be far more precious in a total SHTF rebuild of society. Gold and silver would weigh you down.
Societal, or economic? Silver's role is to replace the modern Greenbacks of today after a economic collapse, it's not a panacea for all. And, after all, you don't buy a fire extinquisher to stop your house from flooding, nor do you buy a sump pump to put out a house fire.
Both, one leading to the other. I am speaking about a complete SHTF situation, I can see its usefulness if/when society rebuilds itself but that could be a long time. Due to their conductivity I could see them being used to rebuild important technologies. Lots of old microchips were made with silicon and GOLD.
Trade with labor, tending the crops, or delivering them or something. The metals are heavy, and need additional lead to protect them (needed to guard your food), so in a total SHTF situation I would not want them unless I needed the metals to make silver and gold bullets...
Curious... In a true societal economic crash what use is the gold and silver?
If I have gold and silver in-hand and markets collapse taking with it supply chains (food, medicine, etc) into a full system collapse, who Is going to trade me some food or other items for the gold? People will need to eat and they can't eat gold and silver.
If I have extra food from my garden or hunting and wanted to trade it I would want cloths or medicine or labor or lead or gas from the person I trade with not gold or silver.
When the new system starts up,you will need gold and silver or you're gonna start with nothing.
Gold and silver is not for during shtf,it's for after. The goal is to get through shit hitting the fan with you stack of metals so you end up very wealthy in the new system.
There are plenty of people and places who will accept silver. On reddit there are a couple guys who trade fresh beef for silver and gold,I wish they were near me. I'm a mechanic who accepts silver and gold as payment.i even offer a discount for using it. There was a gas station in a neighboring town who was accepting gold and silver till the town said they couldn't (tax reasons supposedly).
There is a parallel economy that uses metals. You just have to look for it and start using it.
They can't eat Fiat either. Precious metals hold historic wealth reserves, Fiat holds no tangible backing.
I do understand that. What I am stating is that labor would be far more precious in a total SHTF rebuild of society. Gold and silver would weigh you down.
Not everyone will be able to trade labor and there will be those that won't want to.
If we get into a bartering type system, better to have something of known value.
While one never knows, I doubt we'll get into such a scenario. If we did that would be a massive depopulation and likely the Great Reset.
Societal, or economic? Silver's role is to replace the modern Greenbacks of today after a economic collapse, it's not a panacea for all. And, after all, you don't buy a fire extinquisher to stop your house from flooding, nor do you buy a sump pump to put out a house fire.
"Societal, or economic? "
Both, one leading to the other. I am speaking about a complete SHTF situation, I can see its usefulness if/when society rebuilds itself but that could be a long time. Due to their conductivity I could see them being used to rebuild important technologies. Lots of old microchips were made with silicon and GOLD.
Thank you guys for the replies! I really am interested in what other people would do with these metals in a destroyed world.
It's to be rich in the rebuilding.
Someone lives in a town house with no garden or space for growing/making anything. Are they going to trade with pebbles or precious metals?
Trade with labor, tending the crops, or delivering them or something. The metals are heavy, and need additional lead to protect them (needed to guard your food), so in a total SHTF situation I would not want them unless I needed the metals to make silver and gold bullets...