Posted on 04/17/2012 7:37:52 PM PDT by Broker
Zimbabwe. Not coins, but flecks of placer gold. Their $100,000,000,000 Zim notes only sell overseas as a curiosity, but they won’t buy bread at home. A gram of gold will.
mark
“You gold coin for loaf of bread?”
I’ll tell you one thing, when the shtf, if you don’t look and speak like the locals you’re toast in the first days.
I never thought I'd say this, because I recall when 70 cents of ours would buy one of their dollars, but the Canadians haven't been keeping their presses going in overdrive. Their ccurrency is resource backed and they'll be selling their stuff to the Pacific Rim and India before it's over.
The US currency (well, Federal Reserve Note) won't likely be worth much. Silver coins, copper coins, Canadian cash, gold coin for large amounts, and items of barter will likely be the new currency, with large transactions in bullion which will have value anywhere in the world.
Nope. You would have retained your wealth. Gold went from $20/oz to 35/oz by Government decree. You would have had more dollars, but they were worth less. The people who got hurt turned the gold in at the old rate and were left holding cash worth 57% of what it had been worth (gold standard) just a few months/days/hours prior to that, devalued by edict.
You don't buy gold to get rich (unless you buy rare coins), but to preserve your wealth.
Broker you were on the right track until you limited your precious metal to Gold. You are half right, from the time of the Early Greeks and Romans, there has only been two real money. Gold and Silver. All of this quasi paper money is worth nothing really.As soon as people realize they have a wallet full of nothing, Gold and Silver will really take off. Read on the World News, they expect Silver to be between $200 and $ 300 per ounce by 2013
PLEASE....people.
The OP is talking about a certain level of meltdown, not total anarchy.
Your overall strategy should include allowances for several levels of societal/fiscal break down.
I like to conceive of this in terms of the DefCon stratification used by the Defense Department in the case of nuclear war.
Personally with the destruction already wrought by the RaceMarxist and an overall incompetent, collectivist Washington DC, I believe we are already at DefCon 4.
How about a silver dime for a loaf of bread? Or a morgan dollar for a tank of gas?
Or just hand over a wheelbarrow full of of paper money, if anyone wants it?
junk silver- the poor man’s bullion
Me. Been doing it for about 4 years ...
I can see Canadian cash being worth something in the northern border states but I don’t think it will accepted much south of the Ohio.
Down there they can start circulating old Confederate dollars. :-)
Honestly, I think any currency which is valid will have some value, some prized more than others, much as it is today.
Just imagine the Fed Reserve Note as Zimbabwebucks, and other currencies become possible, just as other currencies work there.
Canadian Dollars and Pesos are most likely along the borders, 'junk' silver (90% and 40% silver coinage, US or otherwise) all over, and barter items: food, fuel, toilet paper, soap, etc.
I do believe “their” should be “they’re” in your sentence. If you don’t understand simple English grammar you should be trying to give financial advice.
“Zimbabwe.”
Exactly. Broker thinks cash will be king when that has been shown not to be the case.
You r so bery white. Slap me on the head you smart boy. Spare me dime?
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