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Northgate 
LSU Fan
Member since Jul 2012
2279 posts
 Online
| Gold, Silver, Ammo & Dried Food - A Fad? (Posted on 1/15/13 at 9:32 pm)
I often run across people who hoard gold, silver, guns, ammo and dried food for some unknown world event.
Is this a fad? Will gold and silver really go up because of government spending? Do you dry food? Hoard ammo?
Is it me or is this a little nutty?
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notiger1997
Member since May 2009
17331 posts
| re: Gold, Silver, Ammo & Dried Food - A Fad? (Posted on 1/15/13 at 9:40 pm to Northgate)
It was a pretty hot fad 2 or 3 years ago to hoard the food and such. I guess that has passed as you don't hear about it as much.
Ammo is a hot commodity now, but this too will soon settle down.
And yes, most of the people involved in pimping this stuff are nutty.
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djmicrobe
LSU Fan
Planet Earth
Member since Jan 2007
1221 posts
| re: Gold, Silver, Ammo & Dried Food - A Fad? (Posted on 1/15/13 at 9:44 pm to Northgate)
It's called insurance. It's about as nutty as having fire insurance.
Europe, Japan, and the US plan to print money till there are no more trees.
This could cause the devaluation of paper money. These people are insuring themselves against that.
The food and ammo is insurance against the unrest that will occur when paper money becomes worthless.
It makes since if you think these events will happen.
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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
63854 posts
Online
| re: Gold, Silver, Ammo & Dried Food - A Fad? (Posted on 1/15/13 at 9:45 pm to djmicrobe)
quote:
It makes since
Sense when???
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drewnbrla
LSU Fan
Baton Rouge
Member since Mar 2011
865 posts
| re: Gold, Silver, Ammo & Dried Food - A Fad? (Posted on 1/15/13 at 9:56 pm to LSURussian)
quote:
Sense when???
Cents now
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MoreOrLes
LSU Fan
Member since Nov 2008
14995 posts
| re: Gold, Silver, Ammo & Dried Food - A Fad? (Posted on 1/15/13 at 10:00 pm to djmicrobe)
quote:
Europe, Japan, and the US plan to print money till there are no more trees.
This could cause the devaluation of paper money.
NOT quote:
THIS COULD
This is
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Vols&Shaft83 
Tennessee Fan
Member since Dec 2012
3926 posts
Online
| re: Gold, Silver, Ammo & Dried Food - A Fad? (Posted on 1/16/13 at 5:16 am to Northgate)
Guns, ammo, and food I get, if you're preparing for economic collapse. Gold and Silver hoarding is a mystery to me because you can't eat it, drink it,wear it, use it for self defense, or build a shelter out of it.
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drewnbrla
LSU Fan
Baton Rouge
Member since Mar 2011
865 posts
| re: Gold, Silver, Ammo & Dried Food - A Fad? (Posted on 1/16/13 at 5:56 am to Vols&Shaft83)
quote:
Guns, ammo, and food I get, if you're preparing for economic collapse. Gold and Silver hoarding is a mystery to me because you can't eat it, drink it,wear it, use it for self defense, or build a shelter out of it.
Gold and silver have been used as currency and payment for goods and services for millennia and are a storage of wealth. In a SHTF scenario where the economy collapses and people no longer find value in paper currency gold and silver will be used as methods of barter and storage of wealth. Gold will mainly be used as the storage of wealth and payment of large ticket items where as silver will be used for smaller purchases and day to day needs.
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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
4818 posts
| re: Gold, Silver, Ammo & Dried Food - A Fad? (Posted on 1/16/13 at 6:38 am to Northgate)
Gold and silver has been money for thousands of years, so it's the longest running fad in the history of mankind.Plus the coins look cool these days. I'd say get 10k worth (5k gold, 5k silver) and keep it in your safe. Won't hurt.
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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
1226 posts
| re: Gold, Silver, Ammo & Dried Food - A Fad? (Posted on 1/16/13 at 8:13 am to ItNeverRains)
Get a tomato plant like Kevin costner in waterworld too...when shtf that was worth a lot more than gold fyi
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bunky
LSU Fan
FREE EL GUACHO
Member since Jul 2011
4454 posts
| re: Gold, Silver, Ammo & Dried Food - A Fad? (Posted on 1/16/13 at 9:02 am to ThaBigFella)
So what do these people do when their stores run out?
They can't grow their own. 
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