by Sixstrings » Mon 11 Oct 2010, 17:08:24
$this->bbcode_second_pass_quote('Pops', 'I')'m no one to listen too since I didn't buy any gold in the first place but if it were me and I had no supplies to get met across the "gap" I'd sell some of my bullion and invest in something useful. Of course if you are thinking you might not get the TOP price by selling today, I'm gonna say you've learned nothing in the last few years.
I think what TAE is getting at is that we're not fully grasping what societal collapse means. There won't be the stability required for buying and selling farms; people won't have access to credit or an organized medium of currency to facilitate much trade. Banks would be as obsolete as an iPad; if someone wanted a farm they'd be more likely to squat on an abandoned one, or take one by force, than to buy one with gold and silver.
Even if valuable, gold and silver will still be too rare to be a common currency. There aren't enough bits of gold in the US to replace all our paper money.
Or lets say you do buy a farm with gold coins -- would there be any government around to recognize and protect your legal right of ownership? And without banks, would folks just keep their gold and silver in the house? Eventually a group bigger than your own will come by and take all your stuff; gold, silver, food, preps, and even the scrawny cow -- in fact, the more you have the more likely you won't have it for long.
Again, I'm not saying Mad Max is likely, I just think that's pretty much what TAE foresees. I agree with you that without total collapse, then gold sure beats worthless hyperinflated currency. I guess if someone preps for doom, the middle ground is really what they're prepping for since all bets are off in a total collapse.