Quote:
Originally Posted by DWB
I totally agree with #1 and #2 but disagree with #3. Using an event that wasn't too long ago, Gold (along with other metals) was used widely during the Argentina crash. Coins, jewelry, bullion, whatever they had. Gold (along with Silver) has been a currency since the beginning of currency, it's not going anywhere. Someone will always be around to buy it, even if it is just to make something with it.
Read up on Argentina's crash, some valuable information out there about how things will play out during a meltdown. Gold, silver, smokes, ammo, knives, instant coffee packs, you name it, all used for bartering.
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gold is hard to sell, you can not sell a link in your gold chain to somebody for an egg...ive seen gold chains go for meals...a whole salary on a bag of flour...but you will easily get an egg for a cig...you can not strike quantity discounts because often all that is on offer is not enough for even a day...small micro transactions are the best if you want to eat regularly...cigs are so convenient in many ways...you may get murdered for lots of food or gasoline or even medication but not for cigs...I dont even smoke
the bigger the disaster/war the less gold and money is worth...after the war is another thing but if we are talking about survival strategies then tobacco is a god send...I would not mind having a gold bar but if I knew war was going to break out again I would convert it to tobacco without thinking...