Buying Gold/Silver - Do you do it?

[MacFromOK]

In SHTF paper money won’t be worth ****.

I don't necessarily agree. We'd have to have some form of currency to exchange. Do you actually think everyone would immediately set their money on fire?

I wouldn't.

"Backed by the Federal government" has little meaning when there's no alternative. Our paper currency is largely faith-based already.

In the grand scheme of things, folks with real gold/silver on hand will be a minute percentage (and possibly in great peril because of it). But even the average Joe has some idea of what a US dollar can buy.

Sheesh, some of the earliest currencies on record were stones and seashells (backed by nothing whatsoever).

Just my two cents.

EDIT: Btw, paper money has a built-in intrinsic value because of the effort required to obtain it.

 

[ConstitutionCowboy]

I have taken a more practical approach. I save aluminum, copper, brass, and lead. I keep useful scraps of steel/iron as well. Oh, yeah; and ammo and reloading supplies.

Woody

 

[dennishoddy]

Lead will be the new currency to obtain goods and services.

 

[CHenry]

Well, it never happened in Germany, until it did.

And it's happening now in Venezuela.

Dodged the question.

 

[MacFromOK]

Lead will be the new currency to obtain goods and services.

And it's so easy to carry it with ya...

 

[dennishoddy]

And it's so easy to carry it with ya...

I carry my currency in curved rectangular "wallets" that fit nicely in back pockets or in the belt.

 

[MacFromOK]

I carry my currency in curved rectangular "wallets" that fit nicely in back pockets or in the belt.

I gotta feelin' we're talking about different denominations of "lead currency"...

 

[dennishoddy]

I gotta feelin' we're talking about different denominations of "lead currency"...

Possibly.

 

[CHenry]

when was the last time we had 21 trillion dollars in national debt?

Our national debthas actually seem the lowest increase percentage wise in over 150 year.
But as a history teacher you already know that I guess. Obama included.

 

[TerryMiller]

Dodged the question.

Looks like you dodged the answer.

Now, if you question had been "when in the United States," you might be right, but my ancestors could have certainly told you stories of what went on in the Depression here in the U.S.

I remember my father-in-law telling me of work sites during that time. There would be a line of guys standing around near the foreman's hut/office/whatever. In the work area, guys would be using shovels to throw dirt into the bed of a truck. When one truck got full, it pulled out and another backed in. The time of the trucks doing those maneuvers were the only breaks the workers got from shoveling.

If a man stopped and leaned on his shovel while a truck was in place for loading, he was fired on the spot and the foreman sent in the next man in line. Plus, those guys were working for something like $1 per day.