I think you buy the chickens, the coop, and the chicken feed for a $1000 gold piece
That’s kinda the big ‘what if’. If the economy completely tanks, currency will be useless. I don’t care how much money you have if 50k gets you a tent and a loaf of bread.
Sure precious metals will still have value but will they follow in the footsteps of the dollar? Maybe, maybe not.
Will a thousand dollar gold coin be worth a thousand dollars. I hope we don’t have to find out.
To me, PM’s are just another form of money. So, stack it all to buffer the outcome.
Sure precious metals will still have value but will they follow in the footsteps of the dollar? Maybe, maybe not.
Will a thousand dollar gold coin be worth a thousand dollars. I hope we don’t have to find out.
To me, PM’s are just another form of money. So, stack it all to buffer the outcome.
I think a lot of people will not need or think precious metals aren't worth anything, but for the people who have everything you need something to trade with them. Gold has been considered valuable for thousands of years. The US economy collapse ain't gonna change that. Someone will always be willing to trade for gold. It's just how much gold is it gonna cost you will be the question.
No - if the dollar dies, gold will be priced in many other nation's currencies - as well as have a value all on it's own.
Exactly how I see it.
Not if you’re the one with the egg
If we collapse and hyperinflate? Or IF we collapse and currency becomes scarce? Not very long ago there was a nation who's people used laundry detergent as currency. I think there is a plan afloat to replace the currency with a digital wallet?
What you mean "if?" Either if? More likely to be both anyway.
Idk man, I know if I'm starving I'd way rather have a bag of rice or a can of beans over a bar of gold.
That’s the thing, a can of beans might cost a gold bar.
In every economic situation there is going to be the "haves" and the "have nots". The people that have everything they need to survive don't need what you have. Meaning if you are hungry and everything you have of value to trade isn't needed or wanted by the guy who has food for you, my guess is he will probably take gold since it's been that way from the dawn of time. Money will always come back in some form or another. Gold has just been the standard. Remember, bullets and food get used up and go bad, gold lasts forever. You bury it in the ground with nothing to protect it, it will be there forever, unchanged... until someone digs it up.
