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Discussion Starter #1
I think it is important to keep a stock of gold for any kind of disaster, not just economic. In troubled times, people are usually desperate and irrational. Gold is a resource that takes advantage of this fact by being such a highly coveted resource. It would be simple to trade gold for assets like weapons, real estate, vehicles, and others (with an emotional advantage), and it works in all countries around the globe. :glasses:

What to buy:
  • Gold Bars
  • Gold Bullion
  • Gold Coins
  • CombiBars

How To Get It:
 

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Gold is for international traders. I'm a simple man. Silver for me. Who the heck are you?
Gold salesman is my guess, boss...........

I ain't no expert, . . . but the last time I looked at my wife's little 24 k gold necklace I bought her in Vietnam, . . . I decided I'd rather eat a Hershey bar than eat it.

May God bless,
Dwight
 

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Many of us here store some silver. Some of us a little and some of us a lot. I haven'y checked the market in a while, but at $1200 - $1500 an ounce the cost of gold limits the acerage preoared person's access. One more time for all of you rookies and wineheads .... Storing gold and silver is a hedge against a fiat US dollar in the event of an economic collapse. It is not an investment vehicle.
 

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My preps are my gold and will allow me to take care of family during that time!
I agree with Denton and have some silver but who knows how it will be used then?
 

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Lead and brass trumps Gold. Try to use your gold post SHTF. You will turn your gold over to someone else and like see your last day on earth until the second coming.
 
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I sure am glad I was too poor to afford to buy gold at $1800 per ounce when the gold peddlers were screaming "Buy gold NOW!!! It will be $3,000 per ounce soon!!!!"
:vs_laugh::vs_laugh:
 

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I believing in covering all bases or at least being prepared for many things...

however, I no longer stock gold. I sold my gold years ago. Now we only stock silver. We (wife and I) have bullion and U.S. and Canadian coins.

For me, Silver is now and in the future will be easier to use.
 

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My preps are my gold and will allow me to take care of family during that time!
I agree with Denton and have some silver but who knows how it will be used then?
Agreed on that. The only correct answer on the "gold or silver?" question is "Both" in my opinion.

Consider: At $900 median weekly wages for the average US worker (per the BLS for Q3 2019), having just 90 days of savings in silver would be about 45 pounds for the average American, compared to only 0.5 pounds of gold. Gold is also nearly twice the density of silver, so gold coins are roughly half the size of silver ones for the same weight, making them easier to carry or hide. So for even a relatively small amount of savings, bugging out on foot, in an INCH bag, or for hiding in your "prison wallet", gold makes more sense.

But gold is too expensive for use in small trades so silver is better for those. Not everyone will be willing or able to make change for gold coins used for small purchases.
 

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Gold salesman is my guess, boss...........

I ain't no expert, . . . but the last time I looked at my wife's little 24 k gold necklace I bought her in Vietnam, . . . I decided I'd rather eat a Hershey bar than eat it.

May God bless,
Dwight
Agreed.
People who think that they can trade gold for goods after a (very improbable) collapse of the American financial system may be in for a rude awakening.

"Yes sir, mister, I want to give you this tiny piece of shiny metal for a can of beans. It's REAL GOLD!!" :vs_laugh:

Instead, if you are really serious about a real collapse, put your hard earned cash into a few acres of land outside a small town. Learn how to hobby farm, grow your own food, keep chickens for their egg laying.
If you work in a city, just commute. I did, for almost 20 years - 48 miles one way, 5 days a week.

Just the vastly reduced stress that comes from quiet country living is truly worth its proverbial "weight in gold." :tango_face_smile:
 

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Agreed on that. The only correct answer on the "gold or silver?" question is "Both" in my opinion.

Consider: At $900 median weekly wages for the average US worker (per the BLS for Q3 2019), having just 90 days of savings in silver would be about 45 pounds for the average American, compared to only 0.5 pounds of gold. Gold is also nearly twice the density of silver, so gold coins are roughly half the size of silver ones for the same weight, making them easier to carry or hide. So for even a relatively small amount of savings, bugging out on foot, in an INCH bag, or for hiding in your "prison wallet", gold makes more sense.

But gold is too expensive for use in small trades so silver is better for those. Not everyone will be willing or able to make change for gold coins used for small purchases.
if things are so bad I even CONSIDER sticking gold coins up my arse....said gold coins will not be of any use!!!!!!! Seriously, even if the AntiChrist came to town riding on a comet followed by george soros and the UN fully armed declaring martial law - I am still not putting gold up my backside

I could not carry all my silver on my person. I also could not carry all my food or ammo... if SHTF so bad it comes down to bugging out... there will be lots of things buried or left behind
 

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I'm glad you started this thread, because I get to be "The Devil's Advocate." In truth, I never understood the concept of 'gold' in an TEOTWAWKI scenario. Here's my point.

You, your spouse and your kids are have just rolled into "Bartertown" and all you have with you is six bucks, two worn out revolvers and 17 rounds of ammunition. Would you barter for a gold doubloon or a pork chop?

I believe that when it all falls apart, you will be judged on your talents, not your wallet. For example, back several years ago I was reading about people running off to the hinterlands and setting up survivalist condos. My wife asked me if we were the types of people who would be included. I told her, "Why, certainly, you're a teacher and I can cast perfect linotype bullets..."

In this dystopian scenario, what you were in the past would not guaranty you anything in the future. In fact, if gunpowder runs out, I can switch over to polishing knives. After all, it's going to be a blood bath in the "Mad Max Century..."
 

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People who think silver American coins will be good for barter are overlooking something.

So, you've got a pre-1964 silver quarter that's worth $15 bucks, TO YOU.
You want to use it to barter for goods. The guy you are trying to barter with does not see $15 worth of silver, he sees A QUARTER. 25 cents!
 
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Agreed.
People who think that they can trade gold for goods after a (very improbable) collapse of the American financial system may be in for a rude awakening.

"Yes sir, mister, I want to give you this tiny piece of shiny metal for a can of beans. It's REAL GOLD!!" :vs_laugh:

Instead, if you are really serious about a real collapse, put your hard earned cash into a few acres of land outside a small town. Learn how to hobby farm, grow your own food, keep chickens for their egg laying.
If you work in a city, just commute. I did, for almost 20 years - 48 miles one way, 5 days a week.

Just the vastly reduced stress that comes from quiet country living is truly worth its proverbial "weight in gold." :tango_face_smile:
I cannot agree more to what RPD wrote above that I highlighted in red.

Sure, diversifiction of assets/investments is great, I agree. But to think that silver and gold will feed you in a total collapse grid down or WROL, well I'd place my bets on other tangible goods
 

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In my humble opinion, gold is good for two things. First, it is easily hidden and thus the government doesn’t know you have it. They can’t tax it or confiscate it.
Second, as long as some form of government exists they are gonna want to tax your property. Gold can be sold off or bartered to pay your property taxes.
 

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People who think silver American coins will be good for barter are overlooking something.

So, you've got a pre-1964 silver quarter that's worth $15 bucks, TO YOU.
You want to use it to barter for goods. The guy you are trying to barter with does not see $15 worth of silver, he sees A QUARTER. 25 cents!
you are assuming that the guy you are dealing with does not know what SILVER is!!! and I have to think that people who have things worth buying will know the value of silver
 

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In a post-apocalyptic setting, I think it would be years before silver and gold had real world value. If I could only afford to have gold/silver or trade goods, I'd lean heavily towards trade goods.
 
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