My issue with using gold as a payment method in a societal meltdown is who exactly is going to be doing things like using it to make jewelry or computer/electronic parts?

That type of industry is going to be shut down for quite a long time if some major crisis occurs where people aren't taking cash money.

Food and medicine are what people will most likely be bartering when the collapse comes. Along with booze and cigarettes. That is going to be what people want/need.

Maybe gold will be useful for reestablishing wealth when society starts to rebuild. But it's basically just a guess when that will happen. It could be years. It could be decades. 🤷

Obviously just my opinion, but if there is some huge thing that happens where people are a) suddenly no longer able to continue making money as before and b) the money system we have now becomes useless, it's going to cause a lot of deaths in a short amount of time.

Remember that the vast majority of the US do not have more than 3 days worth of food in their homes, and are not buying up gold and silver to exchange. So once they run out of food, and are no longer able to buy more, things are going to get really ugly really quickly.

I don't know what percentage of the population is on a maintenance medication for things like heart disease or diabetes, but I'm going to guess it's pretty high seeing as how heart disease is the number 1 killer and diabetes is up there as well. And the majority of people don't have more than a month's supply of medication, they're going to start seeing people die pretty quickly without those drugs. I just don't see Big Pharma and pharmacies staying open with no one being paid.

And then, after we have the first die-off of people from starvation and lack of medication, all the secondary deaths will start. Probably mostly from accidents, infections, etc... People suddenly trying to do things like grow their own food, chop firewood, or any of the other labor-type jobs that people aren't used to doing for themselves because they pay others to do it or there was an alternative before.

And then we have to think of how many people will be murdered for their food and other resources. Especially in the cities where they will all be competing for the limited amount of resources inside the city. People living in rural areas will most likely fare better because a) there aren't as many people and b) they can hunt/grow food more easily.

So I see it taking a long, long time before society rebounds enough where we're going to be able/interested in things like jewelry and computer parts.

If you've got yourself set up to deal with life until that happens and you have gold set aside to re-establish "wealth" during/after society's recovery period, then you are certainly sitting pretty.

But if you're not prepared to survive the stuff that happens before society starts to recover enough to want/need gold that badly, I think that using your resources to just buy gold is short-sighted.

Of course, this is only my opinion. And I certainly don't have a crystal ball telling me what will happen in an event that we've never experienced before.

I just look at how people deal with disasters like hurricanes and realize how truly unprepared most people are for going even a couple of weeks without their usual safety nets.

My issue with using gold as a payment method in a societal meltdown is who exactly is going to be doing things like using it to make jewelry or computer/electronic parts?

That type of industry is going to be shut down for quite a long time if some major crisis occurs where people aren't taking cash money.

Food and medicine are what people will most likely be bartering when the collapse comes. Along with booze and cigarettes. That is going to be what people want/need.

Maybe gold will be useful for reestablishing wealth when society starts to rebuild. But it's basically just a guess when that will happen. It could be years. It could be decades. 🤷

Obviously just my opinion, but if there is some huge thing that happens where people are a) suddenly no longer able to continue making money as before and b) the money system we have now becomes useless, it's going to cause a lot of deaths in a short amount of time.

Remember that the vast majority of the US do not have more than 3 days worth of food in their homes, and are not buying up gold and silver to exchange. So once they run out of food, and are no longer able to buy more, things are going to get really ugly really quickly.

I don't know what percentage of the population is on a maintenance medication for things like heart disease or diabetes, but I'm going to guess it's pretty high seeing as how heart disease is the number 1 killer and diabetes is up there as well. And the majority of people don't have more than a month's supply of medication, they're going to start seeing people die pretty quickly without those drugs. I just don't see Big Pharma and pharmacies staying open with no one being paid.

And then, after we have the first die-off of people from starvation and lack of medication, all the secondary deaths will start. Probably mostly from accidents, infections, etc... People suddenly trying to do things like grow their own food, chop firewood, or any of the other labor-type jobs that people aren't used to. doing for themselves because they pay others to do it or there was an alternative before.

And then we have to think of how many people will be murdered for their food and other resources. Especially in the cities where they will all be competing for the limited amount of resources inside the city. People loving in rural areas will most likely fare better because a) there aren't as many people and b) they can hunt/grow food more easily.

So I see it taking a long, long time before society rebounds enough where we're going to be able/interested in things like jewelry and computer parts.

If you've got yourself set up to deal with life until that happens and you have gold set aside to re-establish "wealth" during/after society's recovery period, then you are certainly sitting pretty.

But if you're not prepared to survive the stuff that happens before society starts to recover enough to want/need gold that badly, I think that using your resources to just buy gold is short-sighted.

Of course, this is only my opinion. And I certainly don't have a crystal ball telling me what will happen in an event that we've never experienced before.

I just look at how people deal with disasters like hurricanes and realize how truly unprepared most people are for going even a couple of weeks without their usual safety nets.

My issue with using gold as a payment method in a societal meltdown is who exactly is going to be doing things like using it to make jewelry or computer/electronic parts?

That type of industry is going to be shut down for quite a long time if some major crisis occurs where people aren't taking cash money.

Food and medicine are what people will most likely be bartering when the collapse comes. Along with booze and cigarettes. That is going to be what people want/need.

Maybe gold will be useful for reestablishing wealth when society starts to rebuild. But it's basically just a guess when that will happen. It could be years. It could be decades. 🤷

Obviously just my opinion, but if there is some huge thing that happens where people are a) suddenly no longer able to continue making money as before and b) the money system we have now becomes useless, it's going to cause a lot of deaths in a short amount of time.

Remember that the vast majority of the US do not have more than 3 days worth of food in their homes, and are not buying up gold and silver to exchange. So once they run out of food, and are no longer able to buy more, things are going to get really ugly really quickly.

I don't know what percentage of the population is on a maintenance medication for things like heart disease or diabetes, but I'm going to guess it's pretty high seeing as how heart disease is the number 1 killer and diabetes is up there as well. And the majority of people don't have more than a month's supply of medication, they're going to start seeing people die pretty quickly without those drugs. I just don't see Big Pharma and pharmacies staying open with no one being paid.

And then, after we have the first die-off of people from starvation and lack of medication, all the secondary deaths will start. Probably mostly from accidents, infections, etc... People suddenly trying to do things like grow their own food, chop firewood, or any of the other labor-type jobs that people aren't used to. doing for themselves because they pay others to do it or there was an alternative before.

So I see it taking a long, long time before society rebounds enough where we're going to be able/interested in things like jewelry and computer parts.

If you've got yourself set up to deal with life until that happens and you have gold set aside to re-establish "wealth" during/after society's recovery period, then you are certainly sitting pretty.

But if you're not prepared to survive the stuff that happens before society starts to recover enough to want/need gold that badly, I think that using your resources to just buy gold is short-sighted.

Of course, this is only my opinion. And I certainly don't have a crystal ball telling me what will happen in an event that we've never experienced before.

I just look at how people deal with disasters like hurricanes and realize how truly unprepared most people are for going even a couple of weeks without their usual safety nets.