#47836
Malgus
Malgus
Survivalist
member8

Gold, silver, lead, food, water, meds…

Guys, look… to me, it’s really not that complicated.

Gold/silver have been “money” for over 6,000 years.

“Money” is just a representation of time and labor – “work”. The only reason everyone agreed on gold and silver to be a physical representation of work that you could trade to others for what you want is because they’re fairly rare – there was never a whole lot of them – and they’re shiny and pretty…

Mankind could have just as easily chosen something else as “money”.

In a post-SHTF world, it might be food, or antibiotics or bottle caps… who knows? But “money” as a physical representation of work isn’t going anywhere anytime soon – it’s form might change. Might change more than once and change region to region on top of that… who knows? I’m just betting on the fact that gold and silver – having been the agreed-upon medium of exchange for 6,000 years – will keep on in that role.

This isn’t saying I’m investing in PM’s and ONLY PM’s… that’s stupid. Even Selco says folks traded PM’s for food. Yes, at exorbitant rates, but it was recognized and used as “money”… and folks got food – which is better than NO food…

Which brings us back to the whole reason for owning PM’s….

I guess do as you see fit… I can’t tell anyone else what to do.

The wicked flee when none pursueth..." - Proverbs 28:1