[Electric_Economy_2025]

I just saw something on youtube the guy is saying that if you had dollars in your hand during the great depression would would have actually made money and been better off is that true, I thought having metals like gold and silver was the answer.

[Novus]

Firstly welcome to PO.com it is always great to see new posters.

If you had dollars on hand during the Depression you would have made money because the Depression itself was deflationary. When the banks went bust cash became hard to come by and no financial institution was willing to make a loan so new cash was hard to come by. Gold and silver lost value as did oil and the cost of land. All could be had for a song in the Depression.

We may face a second great depression in the near future but I am not in the deflation camp in that regard.

[FoolYap]

$this->bbcode_second_pass_quote('Electric_Economy_2025', 'I') just saw something on youtube the guy is saying that if you had dollars in your hand during the great depression would would have actually made money and been better off is that true, I thought having metals like gold and silver was the answer.

[PenultimateManStanding]

$this->bbcode_second_pass_quote('FoolYap', '
')Lest we forget, during the depression, US dollars were backed by gold, and US coinage mostly was silver.

[Electric_Economy_2025]

Thank you so far for the replies,
Ok so lets look forwards to now if their was a depression would it be good to have dollars in hand ? or gold and silver or even both. Im not in a position to beable to invest alot of money in the metals market nor can I just buy land somewhere and live off of it, Im 37 with a wife and children and just lost my job, im very worried but everything that is talked about on here.
I am very handy, as I have worked in construction along with some other industries of gerneral labor and such.
Savings is very limited and as I look for new work Im also trying to get prepared for the worse.
Im think that if I an my family can survive for the first year without any kind of outside help perhaps then there will be something left to do for the future.

[Electric_Economy_2025]

Also as for people that buy metal in the markets , they don't actually have anything tangable right so what's stopping someone or something from taking their metals ?

[PenultimateManStanding]

$this->bbcode_second_pass_quote('Electric_Economy_2025', 'A')lso as for people that buy metal in the markets , they don't actually have anything tangable right so what's stopping someone or something from taking their metals ?

[Electric_Economy_2025]

Would having euro's or a asain currency be good to have in hand if the dollar crashes ?
If so which asian currency would be best.

[PenultimateManStanding]

$this->bbcode_second_pass_quote('Electric_Economy_2025', 'W')ould having euro's or a asain currency be good to have in hand if the dollar crashes ?
If so which asian currency would be best.

[Denny]

$this->bbcode_second_pass_quote('Electric_Economy_2025', 'I') just saw something on youtube the guy is saying that if you had dollars in your hand during the great depression would would have actually made money and been better off is that true, I thought having metals like gold and silver was the answer.

[PenultimateManStanding]

Of course, if you invest in Mongolian Yaks or Steppe horses, that's not the same thing as possession. After all, do you know how to milk a Steppe mare?

[jboogy]

Hi E.E.2025, Like Novus said ,'29 was deflationary, not enough dollars in circulation, prices low and good value for the dollar, and I second Novus in that this time around inflation is what's happening, dollars worth less and buying less every day, there is a chance (50%?) that we may even see hyper-inflation, meaning ,to me at least, that prices go up DAILY.
Our government, through the Fed, is putting dollars into circulation on a truly mind-boggling scale. This is being done for several reasons that need not be gone into now, suffice it to say the results will not be good for most of America.
If you want financial advice your best bet is to read as many of the finance related threads as you can, then base your decisions on what the consensus seems to be, there are many more here that are right than wrong, also check whiskey&gunpowder.com/ financialsenseonline.com/thesilverbearcafe.com, these sites overall have been ahead of the curve in seeing what's happening.

Personally I would get rid of dollars, diversification is always safe, some in commodities/precious metals/ small amount in a basket of foreign currency/ go long oil futures/inflation hedged bonds(Cheney likes these)and get some kind of income going, whatever is available until you find something you like. Good Luck

[kpeavey]

PMS wrote:$this->bbcode_second_pass_quote('', 'A')fter all, do you know how to milk a Steppe mare?

[oowolf]

According to survival acres home blog (April 2) the US Govt is making huge purchases of bulk food. Probably NOT to feed us when tshtf!!!
http://survivalacres.com/wordpress/

[Pops]

$this->bbcode_second_pass_quote('Electric_Economy_2025', 'I') am very handy, as I have worked in construction along with some other industries of gerneral labor and such.