Welcome to General Chat - GAW Community Area
This General Chat area started off as a place for people to talk about things that are off topic, however it has quickly evolved into a community and has become an integral part of the GAW experience for many of us.
Based on its evolving needs and plenty of user feedback, we are trying to bring some order and institute some rules. Please make sure you read these rules and participate in the spirit of this community.
Rules for General Chat
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Be respectful to each other. This is of utmost importance, and comments may be removed if deemed not respectful.
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Avoid long drawn out arguments. This should be a place to relax, not to waste your time needlessly.
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Personal anecdotes, puzzles, cute pics/clips - everything welcome
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Please do not spam at the top level. If you have a lot to post each day, try and post them all together in one top level comment
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Try keep things light. If you are bringing in deep stuff, try not to go overboard.
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Things that are clearly on-topic for this board should be posted as a separate post and not here (except if you are new and still getting the feel of this place)
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If you find people violating these rules, deport them rather than start a argument here.
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Feel free to give feedback as these rules are expected to keep evoloving
In short, imagine this thread to be a local community hall where we all gather and chat daily. Please be respectful to others in the same way
Good explanation. I've been stacking for about 10 years. At first, the idea was to use it if the shtf to barter/trade, but as time went on, I've come to realize the real reason is two fold:
The market has been heavily manipulated for a long time. Once the TRUE value of Ag and Au are "revealed", there are some substantial gains to be had.
It's a good hedge against inflation/worthless FRNs. For instance, even though the market has been heavily manipulated, around 2014, an oz of gold was around $1080. Now it's around $2k... essentially our buying power through true inflation has been cut in half.
3) Bartering is the last resort for your stack.
I recommend everyone come up with their "number" they'd feel good about physically holding should the bottom drop out. Tyen keep stacking until you get there. I originally shot for 750 oz, but I've easily blown way past that. It's one of the only ways you can hold anything of real value... that's small enough to move and store.
I'm just stacking, buying extra food, and paying bills ahead. So I don't have a set goal for stacking. My goal is to keep my bank account as low as possible. The lowest its been in decades right now.
You're not the only one...
I've talked to many who are also keeping it low and getting out of FRNs with the writing on the wall. It seems the whole world is getting out of FRNs and TNotes.