FbgTxAg said:
LOYAL AG said:
FbgTxAg said:
I have 2500 oz of silver in bars and coins. I don't know that it will ever be useful, but I kinda have it for the same reason I stockpile ammo. If there comes a time I need one of them, I'm gonna need the other as well.
I'm not sure it's an "investment strategy," as much as an "emergency preparedness plan."
Agree on the ammo but I'm mixed on the silver. IMO a true doomsday scenario is going to lead to a world where I've got a robust garden and you have chickens so we're trading potatoes for eggs. I think the usefulness of any "stores of value" are years after the point where ammo is a necessity for survival. Not saying you're wrong to hold it just not sure the usefulness of that silver and the ammo coincide.
Currencies were invented for such scenarios. If you sell chickens and I sell cows - I don't want/need 300 chickens in exchange for a cow, but a cow is worth 300 chickens. So a medium of exchange was invented. And for thousands of years that was gold/silver/copper etc.
If paper money becomes virtually useless as it has throughout history, or if the government does away with paper money altogether and everything is digital, people are going to want something of value as a medium of exchange.
Agree 100% with every word of that except I think you're missing out on the fact that currency hasn't existed all throughout history in an uninterrupted manner. Society has risen and fallen in cycles which have played out numerous times and I think we're going to see a day when that happens again but to get there we have to go through a period of time where barter is the means of trade and we "figure out" that it's a pain in the ass. It won't happen rapidly and at 50 I think I live to see the collapse of the dollar but likely not the rise of the next currency. That interim period is what I'm talking about.
I can promise you that in a world with a collapsed dollar and the societal collapse that accompanies it. if you show up at my house with some silver and want some potatoes I'm not going to be interested and that's the real point. I have a garden, my neighbor has some chickens and there's some cows in an adjacent tract of land. At that point currency in any form isn't necessary at least for a period of time. In a true collapse scenario the cycle starts with neighborhoods pulling together to insure security and survival and that takes food and ammo but it doesn't take currency.
This is a silly example but my hood specifically has all it needs in the current group of residents:
- Several viable gardens.
- At least two chicken coops I'm aware of.
- Three doctors.
- Cattle on the next tract of land.
- Neighborhood is basically a triangle with the lone entrance at one point. The non-paved borders are densely wooded on one side, the Brazos River on the 2nd side and several linear miles of pasture on the third.
- Myself and a handful of other vets including a retired Green Beret which almost certainly means the time I've wasted worrying about doomsday security is less productive that the time he's wasted.
I offer that list somewhat tongue-in-cheek but it does illustrate a small functioning society where currency in any form is of limited value. Silver isn't likely to get you anything in that world for at least a few years until larger society starts to reconstitute itself. That's my point about the timing of needing ammo v needing currency.
A fearful society is a compliant society. That's why Democrats and criminals prefer their victims to be unarmed. Gun Control is not about guns, it's about control.
