Invest in Silver & Gold!!!

[Triple-sod]

You say 'drunk as a newt'? WOW I have never heard that one.

My Grandpa's drinking quote is: 'Boy you know you are drunk, when your laying flat on the ground, and both fists clenched onto as much grass as you can, and your praying to God not to let you fall into space.'

For some reason we English have many expression for drunkenness.....lol

It's a good quote that one, think everyone has been there. :D

[Bull]

@ Cimarron: I think when the economy collapses the silver coins won't do any good. You will have to have the actual goods and raw materials you need to live. Food, clothing, fabric and sewing machine to make clothing, raw materials to make what you need. If there is a farmer with some old equipment he can use to farm, using alternative energy of some kind, even if that is animals like mules, donkeys, or politicians, pulling plows and what not, when his equipment breaks, you might be able to repair it for some crops. Things will revert back to a certain level, and you will need the things to get by on that level. At some point though, things will stabilize and we will try to rebuild the economy. It will be like being knocked back a hundred or two years maybe. So if and when things begin to improve, and the economy reaches a point that it is bigger than your local neighborhood, a need for money will come. That is the natural progression of societies. So, what money would we use? Probably money everyone recognizes, trusts the authenticity of, and has the value of being a precious metal. At this point the economy has collapsed to where bread isn't $45 a loaf, because the entire market is gone. Sarah Lee isn't making bread, the workers aren't going to work, etc. Everything has shifted hundreds of years back. Now, the local lady that makes bread expands to making bread for the neighbors, because they trade something for it. That expands to the next town over. You get to where people need money that everyone agrees to use, and things start from scratch for the most part. So, basically, either we get to where we use money again or things never improve beyond bartering and trading with the locals. If they get to where money is used, my guess is that old coins would be something people could look at and trust as being a non-counterfiet, old quarter or dime, which at least has a certain amount of silver in it. If things progress and get better and better, maybe silver and gold bullion, or other silver and gold coins would be able to be safely trusted and used, and so on. Paper money probably won't do squat. You may have diamonds, but who will be able to tell that they are real diamonds? Everyone can tell a real quarter. Maybe we'll go all the way back to using salt as currency. But I think that investments in coins and things like that will be useful, only to a point, and only when things begin to be rebuilt, after they have collapsed, and this cycle has run it's course. So my thought is that if you want to invest in something like precious metals, it might be advantageous to do it in that form, and only after you have all the other essentials stocked away, and only with the expectation of you investment paying off, much later on when society begins to grow an economy again.

[Cimarron]

[QUOTE=Triple-sod;8908]Well when you put it like that its a fair point, yet for over 5000 years people all around the world have placed a great deal of value on precious metals. So I think its safe to say whatever happens they are going to hold some value.

Also, let

[Cimarron]

Bull, I agree and you post is IMO, the most thorough and simple example some one has given on precious metals.

[Bull]

Thanks. A good friend led me to the light. I was looking at investing in bullion until he started telling me his thoughts, and they made a lot more sense to me, so I shifted to that.

[Triple-sod]

I think that you are right TS, in that metals have been our 'go to' currency for a long time. I think we can only guess that, if there was an economic break down, when and if we would be using stamped coins again.
I may have a too simplistic idea with coins..Some old farmer doesn't really care what's happening in other Country's. Or in the next county for that matter lol

I wonder if America did collapse who would it take with it, probably many, but China is too much in America's debt/economy to escape it. If we go, they do too.

Russia and China are only orderly due to their Government having a boot on the People's throat. Imperialistic China and 'Mother Russia' still deal with their subjects with communistic style..Evan in 2011
Besides which, Russia is still dealing with their collapse in 1989 partly due to the Asian markets and the rampant corruption in their Government.

Well it may sound odd to us, but quite a lot of Russians and Chinese like it that way, its a hard mindset to understand from a western perspective.