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648

I'd like to buy about $1,000 worth of precious medals that I can lock in a safe or bury in the backyard.

I'd like to buy about $1,000 worth of precious medals that I can lock in a safe or bury in the backyard.

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[–] 0 pt

You haven't thought this through at all have you?

in a SHTF, all the systems that were backed by gold are gone, your gold bar is just that, a lump of metal. So no, I'm not trading my bread for that. And nobody in their mud hut wants it either.

If we are talking about a niche scenario collapse, where inflation ruins the value of savings but people are still trading gold for some reason, then great, you have a months wages right there. I'm not sure what you will be doing next month but I'm sure you have a plan...

Meanwhile I've still got a lifetimes worth of tradable skills, land and tools. I'm OK forever, no matter what happens

[–] 2 pts

This don't address the problem of how to preserve your material wealth. Spend on education? Tools? Land? Hold dollars? Stocks? Precious metals? Guns and ammo? Massive stocks of supplies?

Having skills isn't exclusive of preserving your wealth.

[–] 1 pt

Having skills isn't exclusive of preserving your wealth.

Sikhs turned up in my country in the 80's with nothing but skills, they now run most corner shops and a lot of building companies

Niggers turned up in the 90's with no skills. They are still nigging

[–] 0 pt

He isn't saying you're wrong, he is asking about a separate issue. Surviving and building wealth is one thing, the question is how does someone preserve the material wealth they currently have so they can have it again after the SHTF scenario is over and values have returned to normal.

As a random example, look at the Balkans. I know some Bosnians who hid physical gold and then dug it up again many years after the conflict was over and things had stabilized again. It's not stupid to bury some gold, and then survive and come back to it later. Or maybe leave a map to your heirs if the conflict hasn't ended yet.

To me this is a separate issue to your survival plan. You might use silver or gold for useful barter, but I think you're more likely to end up losing it if you're not already well fortified.

So what would you say is the best STORE of value to hide something for 20 years and come back to it without risk of losing it all?

[–] 1 pt

youre ok until a hungry mob comes and takes your land. if SHTF youll be as sorry as I am and can only pray. in that case all you need is survive the first few months and youll be fine afterwards if you can grow your own food.

SHTF is temporary and society sill eventually rebuild, and then gold will be useful again.

[–] 0 pt

in a SHTF, all the systems that were backed by gold are gone, your gold bar is just that, a lump of metal. So no, I'm not trading my bread for that. And nobody in their mud hut wants it either.

That's a lot of supposition. What leads you to believe the human race will suddenly end its obsession with gold after several thousands of years?