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Nikki_Licks 07-18-2011 12:05 PM

Quote:

Originally Posted by Agent 488 (Post 18289818)
people could trade woodchips with the signature of a local artist if they could agree on it as a medium. no reason to use gold or silver.

if things did collapse most likely a new fiat currency would appear approved and controlled by your town, state, community council whatever. there isn't enough gold to go around to make it realistic.

When things collapse, no one is gonna give a crap about some stupid artists' signature...are you serious?

As for not enough gold? I think you are mistaken.....hence why I said to keep panning. We have plenty of gold out west.....more than you may imagine ;)

If things collapse and everything goes into the shitter, you can bet people will be trading gold, diamonds or anything of value to sustain themselves with any person that has what they need.

I don't think any person is going to abide by any system set up by a government that failed them......:2 cents:

Agent 488 07-18-2011 12:06 PM

like i said earlier, you can't eat gold, plant gold, it will be worthless as well if things got that bad.

Quote:

Originally Posted by DWB (Post 18289860)
No doubt there would be a new currency pop up sooner or later, and guess who's going to be able to have a lot of it? Those who can trade gold and silver (or other tangibles) for it.

Guess who's going to get shafted into poverty? Those who were only holding dollars, which would then be worthless and unable to trade for the new currency.

Don't worry about if a new currency will be backed by gold or not, worry about what you're going to be left holding if it all falls apart, and how you are going to get your hands on that new currency if you have nothing to trade for it. No one, and I mean no one, is going to be driving down the streets giving it away for free, and you can bet your ass that your bank, who was at one time holding $100k for you, is going to trade your $100k worth of toilet paper for 100k worth of a new currency, fiat or otherwise.

In a worst case scenario, and a new currency is introduced, if you're not in a position to have something to buy it with, you're going to be living in a van down by the river. And when it comes, it will happen overnight and without warning.


Nikki_Licks 07-18-2011 12:06 PM

Quote:

Originally Posted by DWB (Post 18289860)
No doubt there would be a new currency pop up sooner or later, and guess who's going to be able to have a lot of it? Those who can trade gold and silver (or other tangibles) for it.

Guess who's going to get shafted into poverty? Those who were only holding dollars, which would then be worthless and unable to trade for the new currency.

Don't worry about if a new currency will be backed by gold or not, worry about what you're going to be left holding if it all falls apart, and how you are going to get your hands on that new currency if you have nothing to trade for it. No one, and I mean no one, is going to be driving down the streets giving it away for free, and you can bet your ass that your bank, who was at one time holding $100k for you, is going to trade your $100k worth of toilet paper for 100k worth of a new currency, fiat or otherwise.

In a worst case scenario, and a new currency is introduced, if you're not in a position to have something to buy it with, you're going to be living in a van down by the river. And when it comes, it will happen overnight and without warning.

:2 cents::2 cents::2 cents:

Nikki_Licks 07-18-2011 12:09 PM

Quote:

Originally Posted by Agent 488 (Post 18289649)
the whole "stockpiling for collapse" thing is pretty funny as well.

history shows whenever a society dissolves recently there is yes, a short lived period of dissolution and chaos, but then societies rebuild and restructure to get food on the shelves and the trains running again.

in times of chaos people come together, not apart. though there will be some struggles to see who ends up the top primate.

Good point ;)

The Demon 07-18-2011 12:11 PM

Quote:

Originally Posted by wig (Post 18289666)
But those days are gone and won't return.

.

That wasn't the point of my post wig and you know it. Also, it's great to have our resident retarded nut in a tin foil hat Mayabong back.

Caligari 07-18-2011 12:21 PM

Quote:

Originally Posted by Nikki_Licks (Post 18289606)
Actually, if economies do collapse, the only thing you will be able to buy necessary items with is precious minerals of value....ie gold, silver, platinum, diamonds and so forth.

I think people investing in something they do not have in their hands is as good as the worthless currency if the economy fails totally....:2 cents:

actually if the economy does collapse you won't be able to leave your house to get to point B without getting attacked, robbed and possibly eaten, so as i said, best to melt down that gold and make ya some bullets.

i mean really, if the economies collapse there will be utter pandemonium, the dark ages will return for a while so how do you possibly think you are going to get in your car (how about getting gas?) to get to some place in order to exchange your gold for anything of value?

wig 07-18-2011 12:27 PM

Quote:

Originally Posted by Nikki_Licks (Post 18289889)
When things collapse, no one is gonna give a crap about some stupid artists' signature...are you serious?

As for not enough gold? I think you are mistaken.....hence why I said to keep panning. We have plenty of gold out west.....more than you may imagine ;)

If things collapse and everything goes into the shitter, you can bet people will be trading gold, diamonds or anything of value to sustain themselves with any person that has what they need.

I don't think any person is going to abide by any system set up by a government that failed them......:2 cents:

You are missing the point entirely.

No one is going to trade for gold (or diamonds) under your scenario for exactly the reason Agent 488 stated.

If someone has chickens, I have corn, Agent 488 has water, Nikki_Licks has ammunition and TheDemon has gold, the first four of us are going to barter but TheDemon is going to have a hard time finding someone to accept his gold until such time that there is enough order that a monetary vehicle becomes efficient.

When this happens, it will be electronic / paper money again EXACTLY because there is not enough gold and it is not efficient to carry around and use as a medium of exchange.

Whether the currency of choice is backed by some commodity or basket of commodities or some other scheme is another topic.


.

wig 07-18-2011 12:30 PM

Quote:

Originally Posted by The Demon (Post 18289905)
That wasn't the point of my post wig and you know it. Also, it's great to have our resident retarded nut in a tin foil hat Mayabong back.

What was the point of the history of metals as money then? I'm sure Agent 488 is aware of that.



.

Nikki_Licks 07-18-2011 12:38 PM

Quote:

Originally Posted by Caligari (Post 18289926)
actually if the economy does collapse you won't be able to leave your house to get to point B without getting attacked, robbed and possibly eaten, so as i said, best to melt down that gold and make ya some bullets.

i mean really, if the economies collapse there will be utter pandemonium, the dark ages will return for a while so how do you possibly think you are going to get in your car (how about getting gas?) to get to some place in order to exchange your gold for anything of value?

We do not need gold bullets....:1orglaugh

Hence why being prepared is very important and getting to where we need to go will be no problem.......but I don't think I will find too many people on our claim and if we do, god bless them.....

http://nikkilicks.com/pics/upperarmNE.jpg

Nikki_Licks 07-18-2011 12:44 PM

Quote:

Originally Posted by wig (Post 18289939)
You are missing the point entirely.

No one is going to trade for gold (or diamonds) under your scenario for exactly the reason Agent 488 stated.

If someone has chickens, I have corn, Agent 488 has water, Nikki_Licks has ammunition and TheDemon has gold, the first four of us are going to barter but TheDemon is going to have a hard time finding someone to accept his gold until such time that there is enough order that a monetary vehicle becomes efficient.

When this happens, it will be electronic / paper money again EXACTLY because there is not enough gold and it is not efficient to carry around and use as a medium of exchange.

Whether the currency of choice is backed by some commodity or basket of commodities or some other scheme is another topic.


.

OK. But lets say the person selling or trading has everything you mention, except the items I mentioned, do you think he will be interested in trading? I do.

The people with weapons and ammo will not bother with trading; they will simply shoot you and take what they want.

When I think of collapse, I think of all out total ciaos and each man for him self….. maybe I am understanding collapse differently than you folks ;)

I do understand your point, don't get me wrong, just seeing it from another angle. If in fact anything like this happens, we are all fucked in one way or another and no one can predict the outcome....

Agent 488 07-18-2011 12:46 PM

Quote:

Originally Posted by Jesus H Christ (Post 18289982)
I totally agree this will happen overnight. The next morning their will be a run for the banks just to find out all cash is long gone and this will cause a domino effect and all currency will not be worth the paper it's printed on.

You can be sitting on all the gold, silver, and diamonds you want, but you'd gladly trade all of that to have a 3oz lead bullet pointed away from you and your family. The best investment to buy now would be a gun, medication, and find a clean water source.

american's lean on hollywood for their collapse scenarios too much.

maybe i will put together a book on what really happens during a collapse and what to expect.

hint: after a quick dissolution the social body starts to self-organize.

Caligari 07-18-2011 12:48 PM

Quote:

Originally Posted by Jesus H Christ (Post 18289982)
You can be sitting on all the gold, silver, and diamonds you want, but you'd gladly trade all of that to have a 3oz lead bullet pointed away from you and your family. The best investment to buy now would be a gun, medication, and find a clean water source.

yes. a clean water source is simple for anyone. buy a 1000 gallon tank (not expensive) and elevate it so you have running water source (not much power but at least its running).

4 people could get away with using 10 gallons a day so you have 100 days of water, if you have any land you have a garden along with canned goods etc, gas stove (with min 50 gal of propane stored somewhere) and of course guns and bullets. and as you say a variety of medicines.

The Demon 07-18-2011 12:49 PM

Quote:

Originally Posted by wig (Post 18289950)
What was the point of the history of metals as money then? I'm sure Agent 488 is aware of that.



.

The fact that they were used and therefore had monetary value. Also, I never advocated a pure gold standard, only a fractional reserve commodity standard.

Caligari 07-18-2011 12:54 PM

Quote:

Originally Posted by Agent 488 (Post 18290005)
hint: after a quick dissolution the social body starts to self-organize.

that is the hollywood scenario, the real scenario in these times is far more bleak. you need only to read the news over the past few years.

the social body may self organize, but will do so in primitive tribal groups who largely understand politics like insects. in other words they don't.

just think in terms of these casey anthony mobs and imagine them without a leash.

Nikki_Licks 07-18-2011 01:00 PM

Quote:

Originally Posted by Jesus H Christ (Post 18289982)

You can be sitting on all the gold, silver, and diamonds you want, but you'd gladly trade all of that to have a 3oz lead bullet pointed away from you and your family. The best investment to buy now would be a gun, medication, and find a clean water source.

Bingo :thumbsup

dyna mo 07-18-2011 01:04 PM

Quote:

Originally Posted by Jesus H Christ (Post 18289982)
The best investment to buy now would be a gun, medication, and find a clean water source.

from what i've read and seen, a 72 hour survival kit is the best investment.

wig 07-18-2011 01:13 PM

Quote:

Originally Posted by Nikki_Licks (Post 18289997)
OK. But lets say the person selling or trading has everything you mention, except the items I mentioned, do you think he will be interested in trading? I do.

I'm sorry, what items did you mention? The gold and diamonds? If that's what you meant I don't think they have much value in a "collapse". They have value as a commodity which increases as a hedge in uncertain times, but that is because investors, while uncertain, are not envisioning going back 200 years or they would be doing the compound/security/arms/water/food/off grid thing.

Quote:

The people with weapons and ammo will not bother with trading; they will simply shoot you and take what they want.
Agreed. In "collapse" mode this will be happening in areas. But, like has been mentioned, I can envision places like where I have my farm in North Georgia where people ban together and share/barter to get by and this includes security.

In Panama City, Panama where I live now, probably not a great place to be. lol

Quote:

When I think of collapse, I think of all out total ciaos and each man for him self?.. maybe I am understanding collapse differently than you folks ;)
Understood. I mentioned that it would come down to how you define "collapse". I'm operating of your basic definition here.

Quote:

I do understand your point, don't get me wrong, just seeing it from another angle. If in fact anything like this happens, we are all fucked in one way or another and no one can predict the outcome....
Agreed. But, this scenario that we are all wasting our time bantering on about I see as so remote that I'm betting no one here is actually following through on the compound/security/arms/water/food/off grid thing.

I guess my ass will be back in GA if this happens and I can get there. Might even have to bring my mule out of retirement! :1orglaugh



.

Ethersync 07-18-2011 01:20 PM

Quote:

Originally Posted by Agent 488 (Post 18289616)
precious metals have no inherent value. can't eat gold, grow gold, build a house from gold.

if the economy did collapse sitting on your little pile will look silly.

6,000 years of history says you are wrong :2 cents:

wig 07-18-2011 01:21 PM

Quote:

Originally Posted by The Demon (Post 18290010)
The fact that they were used and therefore had monetary value. Also, I never advocated a pure gold standard, only a fractional reserve commodity standard.

Which in earlier times I agree was the case. I don't think that is true today -- not in the developed world anyway.

There is no doubt that precious metals still have a value premium placed on them when times become uncertain. This uncertainty creates a demand and in a global economy the level of uncertainty that is still in the air has gold up in all currencies. So, contrary to what many people are fixated on, it is not completely US$ dependent. Personally, I think that while it still has years left to work higher, the opportunity in metals will pass. After all, they pay no dividend or return, so it is purely an asset appreciation play.

And I never made mention of what you advocated, so I'm not sure why you slipped that in there.



.

J. Falcon 07-18-2011 01:21 PM

Quote:

Originally Posted by dyna mo (Post 18290045)
from what i've read and seen, a 72 hour survival kit is the best investment.

So you can live 3 more days that the rest?

wig 07-18-2011 01:22 PM

Quote:

Originally Posted by Ethersync (Post 18290089)
6,000 years of history says you are wrong :2 cents:

Only if you stopped the clock in the 1800's. :thumbsup


.

Ethersync 07-18-2011 01:26 PM

Quote:

Originally Posted by ******* (Post 18289797)
The market in metals still has not hit the "irrational buying frenzy" stage. :2 cents::2 cents::2 cents:

Not even close. When gold haters start thinking they need some gold then it will probably be a good time to sell...

dyna mo 07-18-2011 01:27 PM

Quote:

Originally Posted by J. Falcon (Post 18290094)
So you can live 3 more days that the rest?

not sure if serious.

kane 07-18-2011 01:30 PM

I hate to break it to people who are stock piling weapons and ammo, but there will be no collapse of modern society in the US. At worst we could have a day or two of unrest if we suffered a major power outage or something like that, but if the recession showed anything it showed that once and for all those with the money rule and they have far too much invested in and far to much riding on this country to just let it collapse.

In short there is a lot more money to be made in keeping Americans fat, happy and watching TV than having the government collapse and letting chaos rule.

More likely what we will see is an election cycle where every few years we throw out the party in power and replace it with the other only to get sick of them and toss them in exchange for the ones we didn't like a few years ago. We are already seeing it. Eventually, that may change and more independents will take office, but it will likely be a slower process that takes 15-20 years and starts at a grass roots level that changes this country not some collapse where things turn into the Road Warrior.

Caligari 07-18-2011 01:30 PM

Quote:

Originally Posted by Ethersync (Post 18290107)
Not even close. When gold haters start thinking they need some gold then it will probably be a good time to sell...

Therein lies the folly of gold.
99% of the people who buy it don't need it, they just want it.

wig 07-18-2011 01:32 PM

Quote:

Originally Posted by Ethersync (Post 18290107)
Not even close. When gold haters start thinking they need some gold then it will probably be a good time to sell...

I thought it would be when the barber, the hair dresser and yes, GFY started touting it en masse!



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DWB 07-18-2011 01:34 PM

Quote:

Originally Posted by wig (Post 18289939)
You are missing the point entirely.

No one is going to trade for gold (or diamonds) under your scenario for exactly the reason Agent 488 stated.

If someone has chickens, I have corn, Agent 488 has water, Nikki_Licks has ammunition and TheDemon has gold, the first four of us are going to barter but TheDemon is going to have a hard time finding someone to accept his gold until such time that there is enough order that a monetary vehicle becomes efficient.

This is simply not true. Gold was bought and sold during the Argentina collapse (and probably in every other collapse). Black markets sprung up and they were buying specifically gold in large quantities. It was also used for general trading. They even bought, sold, and traded gold jewelry.

Will your neighbor trade for it? Probably not. But can you sell it and trade it at the markets? If history repeats itself you will be able to.

But a smart person isn't only going to have gold. They are going to have real life items that people will want and need.


Quote:

Originally Posted by wig (Post 18289876)
Worrying about this scenario should only be for those attired with tin foil hats.

So said the people in:

China
Germany
Russia
Argentina
The United States Of America
... and so on.

All have fallen on their ass before. No one has to have a tin foil hat on to know that it can and probably will happen again. It's only a matter of when.

Shit happens. History doesn't lie and always repeats itself.

Ethersync 07-18-2011 01:35 PM

Quote:

Originally Posted by kane (Post 18290125)
I hate to break it to people who are stock piling weapons and ammo, but there will be no collapse of modern society in the US.

I agree 100%. I fully expect there will eventually be some kind of monetary "reset" and I am sure there will be some civil unrest (maybe even a substantial amount of it), but those expecting things to go Mad Max are going to be disappointed.

Agent 488 07-18-2011 01:37 PM

fuck gold i'm going with bitcoins.

dyna mo 07-18-2011 01:42 PM

mr. bernanke, are bitcoins money?

DWB 07-18-2011 01:46 PM

Quote:

Originally Posted by kane (Post 18290125)
I hate to break it to people who are stock piling weapons and ammo, but there will be no collapse of modern society in the US. At worst we could have a day or two of unrest if we suffered a major power outage or something like that, but if the recession showed anything it showed that once and for all those with the money rule and they have far too much invested in and far to much riding on this country to just let it collapse.

Depends on the level of collapse and what part of the USA you're standing in.

If everyone wakes up tomorrow and the USD is worthless and they can't buy food, good luck with your theory of peace and love. It will probably turn into chaos pretty quick until the local authorities and National Guard step in. Americans are generally pussies these days so I doubt if Joe and Clara from Indiana are going to get out of line, but in the cities where you already have a high crime rate, I wouldn't want to be there.

wig 07-18-2011 01:55 PM

Quote:

Originally Posted by DWB (Post 18290146)
This is simply not true. Gold was bought and sold during the Argentina collapse (and probably in every other collapse). Black markets sprung up and they were buying specifically gold in large quantities. It was also used for general trading. They even bought, sold, and traded gold jewelry.

Will your neighbor trade for it? Probably not. But can you sell it and trade it at the markets? If history repeats itself you will be able to.

But a smart person isn't only going to have gold. They are going to have real life items that people will want and need.




So said the people in:

China
Germany
Russia
Argentina
The United States Of America
... and so on.

All have fallen on their ass before. No one has to have a tin foil hat on to know that it can and probably will happen again. It's only a matter of when.

Shit happens. History doesn't lie and always repeats itself.

The point I was making, which you seem to have not appreciated, is that if the US experiences a hyperinflation like Argentina did, the version of "collapse" that we'll be dealing with will not be the same version of "collapse" that Argentina or Zimbabwe went through.

The world didn't miss a beat then. On the other hand, if you apply the same economics to the US as the worlds reserve currency issuer, in a global economy and where systemic risk is attached to the world, you end up with a scenario where gold doesn't mean shit because as was said, you can't eat it, sleep under it, etc.

We are talking past each other because we've widened the distance between the definitions of "collapse".


.

DWB 07-18-2011 01:55 PM

Quote:

Originally Posted by dyna mo (Post 18290045)
from what i've read and seen, a 72 hour survival kit is the best investment.

Food storage (3 - 12 months), water supply, medicine, weapons, anything else you think you'd miss if the store was closed, and some gold / silver if you are in a position to have it.


What do you WANT everyday?

Cigarettes
Coffee
Snacks


What do you NEED every day?

Food
Clean Water
Medicine
Batteries
Matches / Lighter
Fuel
Toilet Paper


Stock up on what you can't do without.

It's also cheaper to buy in bulk, so do so and rotate your stored food and save some money along the way.

JFK 07-18-2011 01:55 PM

Quote:

Originally Posted by Caligari (Post 18290025)
that is the hollywood scenario, the real scenario in these times is far more bleak. you need only to read the news over the past few years.

the social body may self organize, but will do so in primitive tribal groups who largely understand politics like insects. in other words they don't.

just think in terms of these casey anthony mobs and imagine them without a leash.

Mad Max:thumbsup

DWB 07-18-2011 01:57 PM

Quote:

Originally Posted by wig (Post 18290208)
The point I was making, which you seem to have not appreciated, is that if the US experiences a hyperinflation like Argentina did, the version of "collapse" that we'll be dealing with will not be the same version of "collapse" that Argentina or Zimbabwe went through.

The world didn't miss a beat then. On the other hand, if you apply the same economics to the US as the worlds reserve currency issuer, in a global economy and where systemic risk is attached to the world, you end up with a scenario where gold doesn't mean shit because as was said, you can't eat it, sleep under it, etc.

We are talking past each other because we've widened the distance between the definitions of "collapse".

Yes, I agree all of this hinges on what the definition of what a "collapse" would be.

I honestly have no idea how it will play out, but I don't want to be left holding my dick if the worst happens. Doesn't take much money to be a little prepared for the worst and just hope it never happens.

dyna mo 07-18-2011 01:58 PM

Quote:

Originally Posted by Jesus H Christ (Post 18290173)
They've already done many studies on this and it depends on the type of scenario. In the past when natural disasters or a public upraising happens the government was able to take an offensive approach to fix the problem due to the problem being secular.

If the economy collapses this will cause chaos in mass and the government can't possibly control this and will take the defensive posture to insure they can govern after the smoke clears. Meaning, you're on your own and look how long it took for them to restore order in NO-Katrina and LA- Riots. Now imagine this nationwide and it will take at least a month for some type or order to be restored.

i guess i can see the difference, perhaps an economic collapse would require a unique set of skills and resources but statistically, an full econ collapse has little chance of happening eh..

statistically, collapse will be regional, like the tsunami in japan. or haiti.

i don't see any u.s. collapse, other than the one you mention, requiring more than a 3 day nut to get by on. btw, i am not disagreeing with you, these are just my views for myself.

wig 07-18-2011 02:11 PM

Quote:

Originally Posted by DWB (Post 18290214)
Yes, I agree all of this hinges on what the definition of what a "collapse" would be.

I honestly have no idea how it will play out, but I don't want to be left holding my dick if the worst happens. Doesn't take much money to be a little prepared for the worst and just hope it never happens.

Yeah, I don't think anyone does. That said, I seriously doubt we'll see the worst case scenario and I do see preparing for that as tin foil hat crazy. Things will just be too far gone and I'm not going to move my family back to my farm and stock up just to wait for a remote possibility that the world collapses into Mad Max IV.

I'm going to go out on a limb and say that those worried about guns/water/MRE's etc are only focused on that because they have no real wealth to deal with.

There are in my view ideas that can be followed through on that seem more realistic to the risks that may come to pass, but they are more about protecting wealth and assets, and capitalizing on changes in the financial systems and markets.


.

dyna mo 07-18-2011 02:13 PM

Quote:

Originally Posted by Jesus H Christ (Post 18290239)
The truth is I want to be wrong, but why not plan for the worst and hope for the best?

no, i hear ya. and i try and think that way too, but in all honesty, i simply cannot envision a complete breakdown such that i'll need to shoot em up. i think the only way that could happen is by asteroid/meteor or a yosemite caldera full eruption kinda thing. and if that's the case, i'll prolly be one of the 1/2 burned up peeps and not have any hands/arms to shoot with anyway eh. lol

kane 07-18-2011 02:14 PM

Quote:

Originally Posted by DWB (Post 18290187)
Depends on the level of collapse and what part of the USA you're standing in.

If everyone wakes up tomorrow and the USD is worthless and they can't buy food, good luck with your theory of peace and love. It will probably turn into chaos pretty quick until the local authorities and National Guard step in. Americans are generally pussies these days so I doubt if Joe and Clara from Indiana are going to get out of line, but in the cities where you already have a high crime rate, I wouldn't want to be there.

For sure. If you live in Los Angeles or New York any big major city the level of unrest will likely be much higher than other places.

Most likely there would be small pockets of unrest here and there and within 48 hours the government would have a solution and all would be fine at least for the moment.

The best thing anyone can do is have enough food and water on hand to last them 48 hours and just wait it out. But that is common sense no matter what. There can be weather/natural events that can knock out power for days or cause problems where there is no civil unrest, but having a flashlight and some extra food on hand could come in very handy.

kane 07-18-2011 02:16 PM

Quote:

Originally Posted by dyna mo (Post 18290268)
no, i hear ya. and i try and think that way too, but in all honesty, i simply cannot envision a complete breakdown such that i'll need to shoot em up. i think the only way that could happen is by asteroid/meteor or a yosemite caldera full eruption kinda thing. and if that's the case, i'll prolly be one of the 1/2 burned up peeps and not have any hands/arms to shoot with anyway eh. lol

I agree. Short of a catastrophic world event I can't see there becoming some kind of crazy situation where people are shooting and killing each other over food on a mass scale.


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