Quote:
Originally Posted by fuzebox
This is why I don't get it. In k0nr4ds example of trading silver coins for a tank of gas, this paints an apocalypse picture where I'd probably be out murdering people and stealing their shit, rather than worrying about which precious metal to bury in the back yard.
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From what I've read about people during the bosnian war etc, bartering is very common in situations like that. If you have something that I need, but you need something else I don't have, then silver could serve as a medium of exchange as it would be widely recognized as having value.
Even in movies, like let's say "beyond thunderdome" - they had bartering there too
And if the world doesn't end... well, I made good gains on the silver.
As for S&P500, sure, but past performance is not a guarentee of future performance. It's not liek you knew 17 years ago that it would outperform gold.