In case of your fantasy comes true, where societies around the world collapse and we are back to bartering, what can you do with your "precious" metals?
Imagine everyone else trading using sea shells and beaver pelts, and you stroll in with your shiny gold and silver coins, and thinking you won't be immediately murdered and looted by everyone.
"I'll use some of it to buy personal guards" and what's stopping them from murdering you and taking everything you have since there are no longer laws or people to enforce them?
How will you even value them, now that fiat currencies no longer have any values? are you gonna somehow break off a small piece of your silver coin to trade for some drinkable water? or some bread? you will be trading $200 worth of gold just for a bite of food. Real good return on your investments there warren buffett
Anyone who buys physical gold/silver for some doomsday scenario are retarded
Better buy some bic lighters, a bit of booze and cigs every time you fill your tank. It's a much better investment.
I dont buy it for a doomsday scenario I buy it so I can maintain my purchasing power in the future.
$100 worth of silver in 1910 buys the same amount of goods as $100 worth of silver today.
I do both. One is for the interim of chaos, the other is for the begging of the collapse and the reformation of communities.
or just live your life not crippled by fear everyday like a sane human being you dumb fuck
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That would be a terrible investment then.
$100 in 1910 should be worth way more than $100 today.
You know $100 had more value in 1910 than today
this is the intelligence of your average doomsday prepper
literally does not understand basic economics
I have silver/gold to store wealth and prepare for an economic collapse. For more serious doomsday scenarios, I have guns and plenty of ammo, food storage, my family’s farm (180 acres, parents own), medical supplies, hardcover books, solar panels, tools, etc
Better to have and not need than need and not have
He obviously means that 100 dollars worth of silver in 1910 has retained its value and still purchases the same (equivalent) goods as back then. Come on, basic reading comprehension.
I have seen this exact thread 20 fkn times in the last 2 months. stfu already
let me hold an asset for 100 years only for it to have gained $0 in value
you must have gotten a full ride to either harvard or yale and made your parents very proud
They always try to fud preppers
makes more sense to have a warehouse of toilet paper in comparison
these preppers will probably be amongst the first wave of people to die in the ensuing chaos
Nope. Tp is worthless, bulky, and easily soil. Pms are low bulk and never degrade.
>he doesnt understand silver price suppression
>people who have pms ONLY collect pms and nothing else
ESL here (obviously). Isn't the correct grammar here "anyone who buys physical gold/silver for some doomsday scenario IS retarded"? I'm not sure why but "are" instead of "is" feels wrong in that phrase.
>no investment professionals care about gold/silver but some random loser who made C's in school surely knows better
Here’s the though process behind gold and silver:
>be hyperinflation event, historically lasting less than 5 years
>silver becomes daily use, you exchange 1-2oz of silver for currency and immediately purchase your week worth of grocery
>gold is to store value for when the hyperinflation is over so you don’t have start with nothing
>silver stored should be enough for groceries and gas for ~5 years
>gold stored should be ~10% net worth
preppers can't read anyway