I see and hear many people talking about buying as much gold and silver as they can in the event something catastrophic happens in our society. Especially, something like an economic collapse.
As a prepper from a survivalist perspective, I am confused. I can see how that would be beneficial if I were to leave the country by sneaking into Canada and some how get asylum or be take in as a refugee with their strict immigration policies. Or maybe if I go south into Mexico and beyond. In another country I could go to a bank and trade the gold and silver in for the local currency. Outside of that, I don’t understand the use of it unless you can melt it down and make something useful like a spear head or a bullet. I don’t see it being valuable as a trade item in a SHTF scenario. People will want to trade things they can eat and drink. Winter coats, lighters, and blankets would be more valuable I think.
Gold and Silver used to be a form of currency, but our society has changed. When coins were used in the past, society was organized and somewhat stable. Villages and towns were meeting their collective needs. They were self- sufficient for the most part and used an economic system to obtain what they lacked. They could buy and sell. In a SHTF situation, there is a sudden drop in supply and an astronomical increase in demand. People today don’t have the ability to do or think for themselves anymore and so fear and desperation would be the norm. Absolute total chaos would ensue. I don’t see a working economy of any kind in total chaos. I think what we would have is the barter system if anything.
Yet, I see so many people spending every dime they can and “investing” in gold and silver. Am I ignorant about something? If the economy collapses and I DON’T leave the country, how would I use it? Stores would be looted and closed. Gas stations drained, transportation halted, and other forms of commerce would just come to a grinding halt. Banks would close as well. People are not going to go to work so who are you going to do business with? Again, no one can eat it or use it to survive so why would anyone want it?
I have jewelry that currently has value and I would leave it behind because it wouldn’t be valuable anymore. Value is determined by demand. No demand = no value. I am concerned because I seem to be the only one who is not even considering this type of investment. Am I missing something? Is it for later after the recovery or a transition to world currency? That would be the only reason I can think of outside of leaving the country.
Please leave comments for me especially if you are buying silver and gold for SHTF. Thanks for stopping by!
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