Home › Forums › Events & Emergencies › Economic Crisis › Comparing the 1930s and Today › Reply To: Comparing the 1930s and Today
If you read the various stories from collapsed areas, gold and silver often come up, but often not with the assumed value that most give it.
It has value to those who are in a position to sit on it for an extended period of time. The recovery time is when gold and silver have their value.
For example, that gold coin may be worth $100 today, but only 6 cans of food tomorrow, or six of them may buy your way across a border to safety.
Then there’s the risk of the gold standard. Who’s to say that the new powers that be don’t just start using the gold and silver coins at face value? Suddenly that $100 gold piece formerly worth $1200+ is again worth $100.
Precious metals are a gamble against the future. And if your preps are already in order are something to consider. But just like 12,000 rounds of ammo, you can’t eat them. They are an insurance policy that you may never get full value from.
Get the rest of your preps together first, then dive into PM’s if you still feel the need.
Property? Again, a gamble but one that can pay off before and during the SHTF. They’re not making any more of it.
