Finance/Investing ITT

[nando]

Do you really think you'll be coming and taking the food of some guy that is suggesting the investment into gold/silver and moved to Ruralsville, ID to grow his own food/animals?


OPSEC limits me from telling you what you'd have in store.

well i obviously wasn't being serious, I'm just saying, that's likely what would happen.

[nando]

^ Well, those Co.'s you suggest would go bankrupt overnight like Brawndo. Nobody buying the product, no "value" in their value.

so how would gold be any different? what are you going to buy with it, if nobody is producing or trading anything?

[rwh11385]

^ Well, those Co.'s you suggest would go bankrupt overnight like Brawndo. Nobody buying the product, no "value" in their value.

Just because a monetary system "units" would be reset, does not mean nothing has value anymore. A barrel of oil is still worth 5 cows, a handy still worth a dinner out, and service at the dinner is a bottle cap or two.

[nando]

http://www.npr.org/blogs/money/2011/...t=1&f=93559255

Gas is actually extremely cheap these days. Because of bernanke's antics it's expensive in dollars.

With fuel @$3.89, gold at 1508 and silver at 47.50, gas costs:
.0026/oz gold
.082/oz silver

In 1991, gas cost .00284oz gold and .28 oz silver. And in 1961 Gas cost .0088 oz gold and .24 oz of silver.

except you are using an inflated commodity as your comparison. actually, it only shows that gold/silver are in a bubble (IMO). Because demand for oil has increased many, many times since 1961, and the price in real terms with it. Beyond jewlery & relatively limited industrial apps, demand for gold/silver (other than mania/stockpiling) really hasn't. the supply of gold/silver however has.

[Farbin Kaiber]

well i obviously wasn't being serious, I'm just saying, that's likely what would happen.

I know you were not. I was just saying I was.

so how would gold be any different? what are you going to buy with it, if nobody is producing or trading anything?

I should revise my statement to very few will be buying products. Those with alternate forms of payment anyway. And on a much more localized manner. They guy with gold will be buying veggies and still produced grain alcohol to run in modified farm implements/generators. Nobody is gonna be buying low cost cotton outerwear from eastern China.

[Farbin Kaiber]

Just because a monetary system "units" would be reset, does not mean nothing has value anymore. A barrel of oil is still worth 5 cows, a handy still worth a dinner out, and service at the dinner is a bottle cap or two.

I know, and what I was saying all along is, when the units get reset, paper values are worth nothing. You wouldn't be able to pay for supper at the local place with 2500 shares of GE.

Or even one share. The person you give it to can't go and cash it in for more carrots for a stew next week.

[rwh11385]

I know, and what I was saying all along is, when the units get reset, paper values are worth nothing. You wouldn't be able to pay for supper at the local place with 2500 shares of GE.

Or even one share. The person you give it to can't go and cash it in for more carrots for a stew next week.

When project mayhem resets it, your paper ownership of gold won't be any better...


And why grain alcohol? Methane from a digester would seem more self-contained for a farm. People could be a lot more self-reliant if they valued it more, and prepared for the fiat money / zombie apocalypse.

[Farbin Kaiber]

I was never talking about paper for gold. I was talking about buying silver for personal possession as a backup plan. Tangible, in hand, in a fucking lockbox under your fucking bed status.

Like, cheap insurance to have the ability to buy a loaf of bread with a real dime when others are getting crumbs for a handyj.

[rwh11385]

But silver doesn't have much purpose. Oil, land, water, steel, gold do. But everyone has gold - or CASH4GOLD wouldn't have so many stores.

Still to the guns and ammo investment plan of your neighbors, it makes more sense.

[nando]

I know, and what I was saying all along is, when the units get reset, paper values are worth nothing. You wouldn't be able to pay for supper at the local place with 2500 shares of GE.

Or even one share. The person you give it to can't go and cash it in for more carrots for a stew next week.

that's assuming a total market collapse (and that all your assets are in stocks, or one stock). and really focusing on a far fetched outcome. I mean, even if I hold zero gold - if I don't die in the hysteria and the market collapses totally tomorrow, surely I can go bust ass for my neighbor and he can pay me so I can buy food, or even pay me in food. Since there would be some trade, right? What's stopping me from bartering?

if the market system that supports gold's inflated price collapses, what is gold's value based on?

gold/silver are basically interchangeable too. it would just be more typing. :)

[nando]

I was never talking about paper for gold. I was talking about buying silver for personal possession as a backup plan. Tangible, in hand, in a fucking lockbox under your fucking bed status.

Like, cheap insurance to have the ability to buy a loaf of bread with a real dime when others are getting crumbs for a handyj.

who's going to be making loafs of bread? if I work at a bread factory and everything collapses.. I sure as hell am not showing up for work tomorrow. that might buy you a week or a month, but it won't sustain you. a large cache of weapons, however, might.

[Farbin Kaiber]

But silver doesn't have much purpose. Oil, land, water, steel, gold do. But everyone has gold - or CASH4GOLD wouldn't have so many stores.

Still to the guns and ammo investment plan of your neighbors, it makes more sense.

Thus, why I said silver, because it will remain closer to the values of the $1, $5, $10, and $20 bills, approximately, if the same value for "units" were to carry over. I'm speaking of US pre-1964 coinage. I don't think you'd be able to buy food from the Co-Op with a gold coin valued over 3,000 "units".

[Farbin Kaiber]

who's going to be making loafs of bread? if I work at a bread factory and everything collapses.. I sure as hell am not showing up for work tomorrow. that might buy you a week or a month, but it won't sustain you. a large cache of weapons, however, might.

http://www.survivalblog.com/2011/04/two_letters_re_confronting_tho.html

[rwh11385]

Thus, why I said silver, because it will remain closer to the values of the $1, $5, $10, and $20 bills, approximately, if the same value for "units" were to carry over. I'm speaking of US pre-1964 coinage. I don't think you'd be able to buy food from the Co-Op with a gold coin valued over 3,000 "units".

But silver is bubbled up right now, isn't there better priced doomsday goods today you could buy?


Didn't the Spartans or Vikings prefer iron or lumber rather than gold, and then later used said resources to simply take other parties' gold?

[Farbin Kaiber]

Don't worry, when the end comes, if ya'll need a place to escape to and use the code word, I'll need help plowing.