Hacker attack Russian Rubel

Shiny rocks. The answer to everything...

[Betonov]

Problem with gold is, that I cannot go into a store and buy bread with it.
I have to converted to state money first.

When it comes to SHTF scenarios, I doubt people will find gold that valuable in a goods trade economy. Cigarettes and canned food will be the currency.

But it is a good investment medium. Fire, water and corrosion can't touch it.

[Skybird]

My grandparents still remembered a SHTF scenario, they lived through it. Eggs were traded for coal, cigarettes for butter, a warm coat for a sack of potatoes, and so forth. Jewelry was rarely traded, but of course: it happened, everywhere. So were gold and silver coins.

Legal by the law it was not. It was called black market. The law fades when you struggle for mere survival.

When you save in real commodities, like gold, you try to save "value" from one currency ending into the next currency beginning. It would be good if the next one would be a full-value money, like silvercoins and gold coins, but I fear the next currency will be designed to be even worse than the garbage there now is.

Fractional reserve banking, and a minting monopole for the state - the two arch-sins for every economy. Aloow any of ther two to happen, and you have sealed the doom coming afterwards, for both options open doors and gates for making debts. And different to what alchemists saym debts are debts, and inflating the money in ciruclation never is something good, since it just devalues it.

You cannot get anything out of nothing, this trick simply does not work. Keynes can turn in his grave, socialists can claim differently, career politicians can cry wolf: from nothing comes nothing, you cannot spoend yourself out of debt, you cannot consume and think that way you save.

It tells something about modern state of minds when one must expülain something so essential, fundamental, logical.

The solution, Jimbuna, you want to know? Collapse. Its the only option left, and it will happen, since it already is happening, no matter whether we like it or not. An end with horror, or horror without end (meaning dicatorship to enforce debt money regime) - thats the only choice left. When you have fallen into the pool already, you do not ask how to get out of the water without getting wet, Jim. You ARE wet already. Sine the 12th century, all paper money experiments have failed, with dramatic consequnces, always, all of them. Our modern ones will not become the first exception from the rule, even if we think it to be smart to now try paper money without paper: digital money. The reason is simply: from nothing comes nothing. You cannot eat and save the cake at the same time - and before you even have baked it, and earned the money to buy the ingredients. It has never worked, it does not work, and it will never work. Because it can never work.

"Schulden sind vorgezogener Konsum, der in der Zukunft ausfällt."

[Oberon]

Wait...wait...wait...so Gold isn't the answer and the best goods to have in a SHTF™ scenario now?

Nope. When the sky falls in, shiny rocks won't hold it up...

[ikalugin]

Originally Posted by Betonov

Problem with gold is, that I cannot go into a store and buy bread with it.
I have to converted to state money first.

When it comes to SHTF scenarios, I doubt people will find gold that valuable in a goods trade economy. Cigarettes and canned food will be the currency.

But it is a good investment medium. Fire, water and corrosion can't touch it.

Weapons is the best currency ofcourse.

First of all - weapons (and specifically - ammo) provide for the most basic human need - security. How can you eat your food or drink your water if it was taken by others? Or if you were murdered for no reason?

Secondly - weapons tend to be fairly non perishiable, allow for long enough storage, can be traded in small ammounts (ie you could use rounds as individual currency units).

Hence the best place for the People (and the State) is the Armed Forces and Military-Industrial complex.

-troll ended-