Posted on 10/10/2010 11:07:11 AM PDT by blam
Poor ol’ David lacks a proper historical perspective and his ignorance is showing.
He doesn’t realize that now and most of what he thinks he knows is anomaly. Gold is the way of the world for tens of thousands of years. The Bretton Woods arrangement and the current order is but 60 years old. Now is anomaly transitioning to the norm and gold as reference for valuation of all else.
Gold may not reach $10,000 an ounce. At some point in the future the Dow Jones Industrial Average will be equal to the price of an ounce of gold. It may well be $5,000. That will be the time to sell gold and buy stocks.
Rule #1: Cardio - stay ahead of the zombie horde.
Rule #2: Double Tap - If you have to shoot, don't cheap out on bullets.
When the median home price in the U.S. is $1,500,000.
So my question, how safe is my investment, in the coming global crisis, when Im dead from the mob of starving desperate bandits?
But you are illogical to suggest that because there is an adverse scenario following from one (arguably prudent) course of action that that course is imprudent.
Your alternative is to BE a starving bandit, instead of having what they might want.
The better approach is to already have some food and water stored, so you’re not out fretting groceries when the predators are looking for conspicuous victims.
You must be in my age range or older to remember that one...
That’s why .22 will be king, no matter what anyone says.
Laughing my arse off. I saw Zombieland last weekend. Great movie but I cried when Bill “who cried when old yaller died” Murray was surprised.
History channel went through survival strategy. After watching that, I’m of the opinion that being the first casualty will be best than try to survive a year out. The dark ages were not fun and the average age of death was 25 yrs old, if you survived infancy, violence, starvation, plagues, and roaming bands of wandering warlords.
Gold is for starting over or to purchase real things, like land.
Silver, even old 90% silver coins, will have trade value. If you are down to your gold jewelry, the ring should be cut into pieces equal to a quarter or half oz of silver in value. A gram scale and a gold test kit will be essential to prove weight and karat if you need to trade gold.
But, if you were wise enough to store metals, you were wise enough to store food and medical supplies, tools, guns and ammo to deter thieves. You will have made certain to have skills that others will barter for with either their own skills or their own stores. Tobacco, alcohol, lip balm, toilet paper, skin lubricants, soaps, and other toiletries will have value, too.
There will be black markets and the necessary goods will no longer be at stores. The grape vine will be the source for finding supplies. Anyone actively trading will need to have their own security and so will everyone else.
By the time folks are down to their jewelry, everyone will be wise to the ways of the new normal and your scenario will be obsolete.
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