“I know several refuge families who attribute their survival to owning P.Ms”
“precious metals I assume
(typically gold and silver)”
Ahh, well there is a difference between refugee situations, and a societal melt down. In a refugee situation, there is the assumption of heading out of the disaster area into areas of security and stability. You expect to be able to trade that precious metal into that functional economy.
A melt down is different. There is no functional economy, or one so small it would be easily saturated.
Think of it in terms of Mexico melting down, money worthless. (no far stretch that). Fleeing north. Your money is garbage, but you’re headed for an economy that will easily value your gold, and has abundant resources to trade for that gold. They still have the luxury of gold.
Now reverse it. Mexico alone survives a melt down, and has the survivors of the world trying to buy whatever they can with the vast stores of gold the world has. Gold value crashes, maybe into nothing.
Or maybe even Mexico itself doesn’t survive any better.
Gold’s value only has value so long as others have the luxury of valuing it. In a SHTF scenario, if you need that chicken, chances are I need it almost as bad as you do.
So what if they just cut the dollar in half.....then what?