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Is Gold/Silver the best investment on a failing Dollar?
Posted on 5/1/23 at 10:11 am
Posted on 5/1/23 at 10:11 am
If the dollar tanks, where's the best bet now to park them? If gold/silver were such a sure thing, all the real money would go now and skyrocket the prices. That ain't happening. The 4 things every person needs to survive? Food, energy, shelter...and love...
No one needs precious metals other than to maintain a modern lifestyle.
Where is the best place to invest before the dollar crashes?
No one needs precious metals other than to maintain a modern lifestyle.
Where is the best place to invest before the dollar crashes?
5
Posted on 5/1/23 at 10:30 am to Enadious
Let me ask you this.
If the dollar goes to shite, that means something else replaces it.
What do you think that will be and why?
Gold and silver prices have been heavily manipulated for years so its not as easy as just saying the number should be up.
How do people pay for food, energy, shelter and love if not gold or USD?
If the dollar crashes, there is no safe investment. Everything will go to shite.
Me personally, I have guns, gold and bitcoin but the only thing that matters is guns and bullets in your scenario.
If the dollar goes to shite, that means something else replaces it.
What do you think that will be and why?
Gold and silver prices have been heavily manipulated for years so its not as easy as just saying the number should be up.
How do people pay for food, energy, shelter and love if not gold or USD?
If the dollar crashes, there is no safe investment. Everything will go to shite.
Me personally, I have guns, gold and bitcoin but the only thing that matters is guns and bullets in your scenario.
Posted on 5/1/23 at 10:32 am to Enadious
You sure about that Clark? 
Posted on 5/1/23 at 10:54 am to I Love Bama
quote:I concur
If the dollar crashes, there is no safe investment. Everything will go to shite.
Me personally, I have guns, gold and bitcoin but the only thing that matters is guns and bullets in your scenario.
Dollar losing dominance - gold/bitcoin
Dollar crashes - guns/ammo/food/skills
Posted on 5/1/23 at 11:02 am to Enadious
The dollar isn’t failing baw keep sending vanguard your money. The stock market only goes up and things are getting better
Amirite
Amirite
Posted on 5/1/23 at 2:01 pm to Enadious
In a complete societal collapse Gold and Silver will be mediums of exchange, but so will commodities and necessities.
I don't see a problem with a small percentage of your portfolio in gold and silver, but it should remain small. Having other real assets you can touch and feel are just as important.
I don't see a problem with a small percentage of your portfolio in gold and silver, but it should remain small. Having other real assets you can touch and feel are just as important.
Posted on 5/1/23 at 2:18 pm to Enadious
I think I’d rather have a ton of .22 ammunition. Easy to barter with, easy to travel with, easy to harvest stuff with.
Posted on 5/1/23 at 4:39 pm to armsdealer
quote:This is a very boomer line of thought. I don't know a single person when I've had these discussions, who would take a hunk of shiny metal for something useful such as a gun, ammo, food, medical supplies, tools, etc... If you are really talking complete societal collapse. If you are talking an Argentina type economic collapse, then sure, Gold will hold value.
In a complete societal collapse Gold and Silver will be mediums of exchange
Posted on 5/1/23 at 6:40 pm to TigerTatorTots
quote:
quote:
In a complete societal collapse Gold and Silver will be mediums of exchange
This is a very boomer line of thought. I don't know a single person when I've had these discussions, who would take a hunk of shiny metal for something useful such as a gun, ammo, food, medical supplies, tools, etc... If you are really talking complete societal collapse. If you are talking an Argentina type economic collapse, then sure, Gold will hold value.
quote:
but so will commodities and necessities.
Your quote was no better than a gotcha headline.
Posted on 5/2/23 at 10:40 am to armsdealer
quote:Wrong, you have two parts of the sentence. The first is what I was disagreeing with which is why I quoted it.
Your quote was no better than a gotcha headline.
Posted on 5/3/23 at 9:52 am to I Love Bama
quote:
Me personally, I have guns, gold and bitcoin but the only thing that matters is guns and bullets in your scenario.
The only hesitancy I have on bitcoin in such a scenario is that it's going to be damned tough to spend digital currency if there's no internet (much less, electricity). Gold and silver have hereditary value as everyone understands them as being placeholders for value, but commodities would be king due to the predominance of needs over wants (ex: why is someone going to trade a loaf of bread for a placeholder that they may not be able to trade with when what they really need is seeds, chickens, etc).
Posted on 5/3/23 at 10:23 am to Bard
Bro if there’s no electricity, bitcoin or gold or silver is going to be the last of your concerns. Bitcoin is not for a “shite hit the fan” scenario. Bitcoin is for a failing dollar scenario
Posted on 5/3/23 at 11:28 am to TigerTatorTots
quote:
Bitcoin is not for a “shite hit the fan” scenario.
I think if the USD drops from being the premier world reserve currency, we'll be very likely to go into a shite-hits-the-fan scenario due to the ridiculous amount of debt we have.
The USDs value is made up by its desirability. A large part of that desirability is its use as the primary currency for international trade. If countries move away from it, that desirability (read: value) drops as our debt becomes worth less and less. Most people largely wait for others to move first and test things out, countries are no different (at least, in that regard). If a couple of bigger names not only move from the USD but see some added benefit from it, that will tempt others into doing the same. If such a scenario were to occur (one where there are proven positives outweighing negatives from moving away from the USD), the momentum of countries moving from the USD would be more like an avalanche.
So IF that were to happen, I think we would quickly go from the "falling dollar" scenario to the "shite hits the fan" one.
Posted on 5/3/23 at 11:47 am to Bard
quote:
he only hesitancy I have on bitcoin in such a scenario is that it's going to be damned tough to spend digital currency if there's no internet (much less, electricity). Gold and silver have hereditary value as everyone understands them as being placeholders for value, but commodities would be king due to the predominance of needs over wants (ex: why is someone going to trade a loaf of bread for a placeholder that they may not be able to trade with when what they really need is seeds, chickens, etc).
There is no scenario where the world does not have internet and electricity. If that scenario does exist, nothing matters but guns and bullets to steal from your neighbors.
Posted on 5/3/23 at 12:39 pm to I Love Bama
quote:
There is no scenario where the world does not have internet and electricity.
The world doesn't concern me, it's the US which does. If the bottom drops out of the USD, no one is showing up to work for companies like Entergy nor Cox. No electricity nor internet? No ability to exchange bitcoins for goods/services.
quote:
If that scenario does exist, nothing matters but guns and bullets to steal from your neighbors.
In areas which are highly urban (large populations with little in the way of growing enough food to sustain itself), yes. In more rural areas where people can/do grow food for themselves? Not so much. They'll be armed as well plus they are more used to bartering.
What's going to be tough is dealing with all the drugheads when their pipeline of meth and fentanyl dies up.
Posted on 5/3/23 at 1:45 pm to Bard
quote:
In areas which are highly urban (large populations with little in the way of growing enough food to sustain itself), yes. In more rural areas where people can/do grow food for themselves? Not so much. They'll be armed as well plus they are more used to bartering. What's going to be tough is dealing with all the drugheads when their pipeline of meth and fentanyl dies up.
What if they just shut the grid off for a couple months to clean house?
Posted on 5/3/23 at 2:14 pm to Bard
quote:Ehh, disagree. Electricty isn't going to shut off with us moving back to the stone ages just bc the USD loses its reserve status
I think if the USD drops from being the premier world reserve currency, we'll be very likely to go into a shite-hits-the-fan scenario due to the ridiculous amount of debt we have.
Posted on 5/3/23 at 2:20 pm to Bard
quote:This is a wild opinion IMO. Even as catastrophic as Venezuela's economic crash has been, they still have internet and power in most of the country AND they didn't start out at the level of advancement as the US currently is today. Falling currency doesn't turn a country into TEOTWAWKI mad maxx type environments. People will still need to earn money to pay for food and shelter so USD not being reserve has no bearing on that.
If the bottom drops out of the USD, no one is showing up to work for companies like Entergy nor Cox
This post was edited on 5/3/23 at 2:22 pm
Posted on 5/3/23 at 4:46 pm to I Love Bama
quote:
There is no scenario where the world does not have internet and electricity.
We are extremely vulnerable to an EMP attack. Not saying it's likely, but it is possible.
Also a strong solar flare could have the same impact. If the same solar storm that struck earth in 1859 happened today, it would result in years-long power outages. The Carrington Event
Posted on 5/3/23 at 6:13 pm to Delacroix
quote:
We are extremely vulnerable to an EMP attack. Not saying it's likely, but it is possible.
Man, if this is a legit concern for folks (greater than .05% chance), then they need to be making serious changes in their lives. Dig a water well, stock pile seeds, acquire small farm animals, acquire stockpiles of bullets, buy books teaching how to live off the land.
No power scenario is dooms day. Life is over for the vast majority of us. OVER.
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