[some_math_guy]

Would it not be better to keep PM (precious metals) on hand instead of cash? You can always barter for the things you need will a silver bullion coin, or at worst trade them for cash to buy the things you need.

I wonder if, in the case of a true banking failure, retail outlets would be willing to take PM in exchange for goods. Buying groceries and clothes with .999 silver rounds?

[mos6507]

I finally broke down and ordered my first batch of silver coins. I don't really care if there is a pullback. Short-term gains and losses are not what doomers should be obsessed with. We're talking about mega-doom insurance policies here. But I'm not converting my entire net work over to PM. At first I'm just moving over what I consider to be discretionary funds above and beyond my doomstead nest egg.

The way gold is now I would not get into it. It seems overvalued vs. silver, and silver will be easier to use to buy everyday necessities if we go the way of Argentina. If you want to use gold as a currency to buy everyday items you have to do stuff like have it in chains and cut off little tiny pieces.

[Pops]

$this->bbcode_second_pass_quote('some_math_guy', 'I') wonder if, in the case of a true banking failure, retail outlets would be willing to take PM in exchange for goods. Buying groceries and clothes with .999 silver rounds?

[Thralen]

Hey, some places take silver already if you believe this youtube video:

http://www.youtube.com/watch?v=5xnIFzP2bTY

I see no reason not to believe it, pain in the butt to hoax soemthing like that, so...

Thralen

[rangerone314]

I've always liked silver.

Also it is supposed to be good against vampires and werewolves.

I suppose silver bullets would kill "zombies", too!

[hironegro]

Nothing is going to happen. People like OF2 will keep running this planet.

[oswald622]

rocc, when did you come back? i thought you bugged out about a year ago?

[Prince]

$this->bbcode_second_pass_quote('oswald622', 'r')occ, when did you come back? i thought you bugged out about a year ago?

[davep]

$this->bbcode_second_pass_quote('Prince', ' ')For the life me, I never understand why people resurrect threads that haven't had activity in over a month.

[Novus]

I think this thread proves not over react. Watch and be vigilant because what was predicted here could happen but don't go crazy that the sky is falling. The ones with the cool heads will be the ones who survive whatever crisis are coming.

[timmac]

$this->bbcode_second_pass_quote('Novus', 'I') think this thread proves not over react. Watch and be vigilant because what was predicted here could happen but don't go crazy that the sky is falling. The ones with the cool heads will be the ones who survive whatever crisis are coming.

[Dukkha]

$this->bbcode_second_pass_quote('', 'D')rugs money worth billions of dollars kept the financial system afloat at the height of the global crisis, the United Nations' drugs and crime tsar has told the Observer.

Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds of organised crime were "the only liquid investment capital" available to some banks on the brink of collapse last year. He said that a majority of the $352bn (£216bn) of drugs profits was absorbed into the economic system as a result...

Some of the evidence put before his office indicated that gang money was used to save some banks from collapse when lending seized up, he said..