Maybe that’s why preppers have a supply of those things for hard times fatty. 
Nobody can go wrong with physical gold.
Can you not be a denigrating dick in every post? It’s getting really tiring.
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Sorry if I hurt your feelings.
Gold is extremely valuable because its the best metal for a lot of things, and its rare.
Silver is almost as good and less rare, hence the price.
Platinum and palladium are close to gold in physical/electrical/chemical properties, and supply/demand dictates price.
Palladium has doubled in price over the past 5years.
Yeah, gold is useful in an organized society that can use it, but if we’re talking survival and no infrastructure, I’d rather have 10,000 rounds of ammunition and 1000 Cipro tablets than a few pounds of gold.
Looks good . The only problem I have with palladium is that it’s a small market and not understood by many.
Dream on slim.
Mick may not be able to stop it, but I sure can.
No infrastructure means someone needs to rebuild. Gold will be of great value to them. Its a currency. It may not be of immediate value to you, but can be used to buy stuff.
If you think its a possibility you will live out your days in the woods with no outside contact, then other stuff would be of better use to you.
Besides, for the price, you could have both. A few lb of gold is $100k
True enough. With any societal collapse, eventually there will be rebuilding, and there will have to be some basis for the currency. In the short run though, while hunkered down in your Alexandria enclave, your primary concern will food and ammunition. But yeah…gold has always had value in human history and likely will always.
Which is why people have 30 and 40rd mags. I reside inn urban environment, hurricane threat for 4 months of the year and all the ‘prep’ that entails. All groceries/supplies unloaded in closed garage, shopping done late evening, no one really knows what I have. And windows are impact resistant.
LoL Get rekt. Nicely done.
Here’s my take in case anyone cares:
The only scenarios where storing precious metals is wise: 1) for good times, as a inflation-resistant method of saving your money, and 2) for emergency circumstances, protection against a currency crisis, wherein your currency is worthless. But Commodities are more useful DURING a crisis. Precious Metals (PMs) are more useful AFTER a crisis.
Those who pointed out that if ammo, TP, fuel, food, tools, spare parts, whatever, are in short supply, I doubt we’d find very many people willing to except PMs in exchange (unless they had far more items than they need and are getting a killer deal on the PMs in trade I.e. 100 rnds of 9mm for a 1oz Gold sovereign. If I had a couple thousand rounds, I’d make that trade, f#ck yeah.
After things start stabilizing, but prior to any new official currency bring established, yes, you’d probably see people using PM coinage as money for a bit. Barter would still be very popular, it’s just harder to make deals that way.
Mick won’t be back.
And I do take care of my finances. I always tip my bartender and barber at least 20 percent.
That’s a nice amount of chocolate that the OP has. 
I’ve never understood the “gold! gold!” (Scrooge McDuck voice) mentality. Sure, I get the reason behind it, but still. Even silver I’m leery of. I have a few silver dollars, and my dad recently gifted my kids a 1oz gold coin each. So, I’m not going out of my way to acquire it.
But, if you’re looking at using this as a wealth retainment strategy … what’s the deal? If the situation is so bad that we’re back to gold, what makes people think that Canadian maples, or Krugerands, or American Eagles will be accepted? Gold bars from random places? How do you plan to convert gold into the ‘new’ currency? I’m not sure anyone’s going to know how to check gold content and convert that over, in a way that’s advantageous to the person getting rid of the gold. People don’t think that their 1oz coin that cost $1k is going to be sold back at that same $1k, do they?
Finally, in that hypothetical SHTF scenario, wouldn’t small amounts be better than large? Why drop a 1oz coin when a 1/10 oz coin will do?
Wonder how hard it would be to use sterling silver flatware? PM is PM.
He’s been banned for a few months.
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Not easy for sure
Interesting thread, I don’t know how I missed it.
From my own experience, I can say that managing your finances is crucial, and exploring lending as a service can be beneficial. Whether it’s peer-to-peer lending or crowdfunding platforms, these services offer opportunities to borrow or lend money. However, it’s important to research and understand the terms, risks, and regulations associated with lending as a service to make informed financial decisions.
Yes, an interesting thread. And as things go, I just rolled over a portion of my 401K (Reg) into precious metals!! Will keep tabs on this and see if anyone else contributes with thoughts & ideals.