Topic: Precious metals are not useful in a collapse scenario! - page 2. (Read 13421 times)

And remember if we have a war over ISLAM   if you see the popcorn candle and lighter shop
Remember i don't discriminate against Muslims IT'S BUSINESS ..

You know like the baking a gay cake thing..

And that's why the poor hold candles and throw away lighters FOR GOLD .
I spent 20 pounds on a massive box of candles you spent 1200 on gold..

But yes i do understand if your rich why you would hold gold..

Hay funny this for a thought..
The rich start the war to make money and the poor get rich by selling candles to the rich for gold ..

During any war changing values, but the candle you during any war buy for gold, and money can be useless. That is why people hold gold. A universal currency is not.

First you need to group up     no good on your own in a MAD MAX style planet..

I would stock up on candles throw away lighters powder milk ..
Curry powders eat anything with bit of curry sprinkled on..

And you will trade 1 lighter 1 candle and a packet of curry for an ounce of gold .WELL FREEZE THEN

I be rich ..ARR WATCH CANDLE SALES WILL GO UP SOON ..AND CURRY POWDER .

Shiny no good in war    only food and warmth and we are from the uk loads of water and food from the land.

If you live in desert lands you are FUCKED ..

Or hire you a small personal army

Weapons and ammo is actually what will be the most important. When you have weapons you can protect yourself and whatever you have. You can hunt for meat and barter with ammo.
You can even wait for some idiot to try to rob you, thinking you're unarmed, shoot him and take his supplies. 
Having a lot of precious metals will only make you a target.

In a collapse scenario it is not digital currency nor money that will have a use or valuable. The thing that will be of value will be weapons, survival kit and food. The best thing to do if you have a money is to set up a fortress that can survive any condition and inside of it is a large garden and forest with waterfalls and etc. If you have that then you dont have to worry when a collapse scenario will happen.

I dont see a bitcoin symbol up there.

In a total collapse I agree gold/silver will be worth a lot less (but still more than fiat)

People will excess supplies will trade for gold/silver.

Gold and silver will re establish themselves during the rebuild phase where you can exchange them in to the replacement currency and you wont have lost everything you once had.

In the event of a serious catastrophe, which will cause economic collapse, precious metals will be an excellent commodity for exchange at the next stages of the economy after the collapse, when normal trade resumes. However, until this time only canned food and ammunition of common calibers will be a valuable object of barter. Their value, as always, will be determined by the free market. When the dollar finally falls, the old dollars are likely to be declared worthless and there will be a new currency, most likely tied to gold. I advise you not to buy gold, but silver coins. Gold is too compact a means of storing money, which is not very convenient for barter. To purchase 4 liters of kerosene, a box of ammunition or cans of canned beans, gold will not be the best option - how can you give change when buying, which is one-hundredth of a gold coin, with a chisel?

OMG, silver is money again! 

Just do not forget that if you have precious metals then you always have the opportunity to purchase antibiotics, but if you have the money then during the war, other valuables and money antibiotics can not sell.

You are right. In a doomsday scenario money lose value. There will always be people, who think of the future and who will trade goods for precious metals and jewelry, but most people will just use rare goods. Especially the ones that make you forget about the shit you are in, like drugs, cigarettes, alcohol. Weapons and medical supplies will also be on the top of the most expensive goods.
Think about it, if your child gets sick you will give away all your precious metals for a supply of antibiotics.

If bitcoin has released a cash of gold coins, it would be the best and most stable currency in the world. Coins of small denominations can be done interspersed with little bars of gold and very little silver.

If it's a really complete mess (like, fallout everywhere)I doubt metals, heck even fiat, would still have value. You'd probably have a better chance of trading liquor for food. Plenty of depressed people out there who'd like some drink (not to mention they're antiseptic and with a wick, an instant Molotov).

It seem that that many agree that precious metals only have value during peace time. If you can flee to a country that was unaffected by the disaster, you'd probably be able to use you bitcoin more than your metals. Good luck lugging around you bullion as you flee an advancing army or zombie horde.

That being said, metals might have some use depending on how fast reconstruction is and how extensive the damage was. Metals are durable, no doubt about that. You wouldn't have to worry about your phone dying out or getting wrecked by EMP. There's probably a window of time that they can be used for currency.

If I have the money, I'd definitely still buy some gold or silver just for the heck of it. Not everything have to be money after all (I'm looking at you modern art!). Well, I actually have a pragmatic reason for wanting to get some silver. Colloidal silver. Sure there are risks but I'd definitely take that over dying of infection should antibiotics become unavailable.

Most above ground gold never trades nor created. All Bitcoin has been traded or created within the past 8 years.

I wrote precious metals, and r0ach has been pitching silver, so compare the volatility of silver to Bitcoin (roughly the same).

https://btcvol.info/
http://teucrium.com/files/pdf/commoditiesinaportfolio.pdf


No contradiction. I never predicted the scalepocalypse would mean anything other than what it means technically and the centralization of mining.

Bitcoin isn't going to the moon and will die and give away to something better just as will happen to Android, but not before move much higher in value.



Exactly. And Bitcoin is the reserve currency of altcoins.

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Excellent post. Plays right into the theme of my Rise of Knowledge, Demise of Finance essay.

Excellent post. Plays right into the theme of my Rise of Knowledge, Demise of Finance essay.

The market is telling you that Bitcoin is the reserve currency of the experimentation that will unleash all that utility that crypto-currency and blockchains can do which precious metals never can. Bitcoin is now at parity with gold. The pattern of Android below is what crypto is going to do relative to precious metals:

You may click this quote to read the entire discussion:

Perhaps you missed one of my critically important posts lately explaining why gold is centralized but crypto-currency is not:


Bitcoin can't be regulated without a total order of government in the world. And that isn't coming in the next year. By the time TPTB get their NWO one-world government system cooperation in place, Bitcoin will have already served its role as the onramp to unregulated decentralization technology innovation.

China and others make a lot of noise about regulation, but as you see they all end up caving in and realizing they can't regulate private keys. Even if China monopolizes the mining, they can't blacklist private keys without destroying Bitcoin and forcing a new altcoin to rise to take its place. Bitcoin is far too small (compared the $trillions flow of FX capital flow in China) for China to attempt such a scorched earth policy on mining at this time (and they would likely fail just causing the rest of the world to blacklist China's mining pools or a fork changing the hash causing all China's mining farm investments to become useless overnight).

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That is hand waving. The only way to stop someone who has his own wallet is to blacklist on the blockchain. Now that person can go online and state that his transaction has not be added by any miner after such a long period of time. The community will investigate. The only way to snuff out this exchange of information is to have a total order of totalitarian control on the Internet.

Sorry your fears are unfounded. If ever it happens, then we are already in 1984 and we're all doomed.

You seem to have a doomsday attitude, so I don't think you are likely to be in touch with the reality of what will transpire:


Btw, I have refuted the Singularity in the past. It will never happen.

I don't want to debate it again right now, which is why I didn't respond to the above comment in that thread.

Just put it this way, total orders have never existed in our universe. So the probability of total doomsday is 0.

For machines to become more important than humans from an evolutionary standpoint (which is all that matters actually in terms of species extinction), then they must become alive and that means they must have a bell curve of attributes and have failure. Because without failure, there isn't existence of life (the past and future will collapse into undifferentiated without friction and imperfection).

Infinite entropy can't exist. Kurzweil is a smart idiot.

Sorry guys but you are incorrect. Stage #5 is not just one of many possible outcomes, it is the ONLY possible outcome. And the totalitarianism will be global w.r.t. to all things tangible and physical (including precious metals!), thus the only release valve frontier will be decentralization network technology. See the problem with your idyllic and naive fishing plan, is that some power will be preventing you from fishing as TSHTF, because the masses are going to be demanding that the resources are shared equally (which will morph into rationing+eugenics) and the chaos is going to dictate that there is fighting over control of all strategic resources. Remember the masses are not armed (especially outside of the USA) and for example the coasts in the USA are leftists controlled States, e.g. California, Washington and the north-east seaboard. China has ample military to occupy the West coast of the USA and prop up the leftists. The fish food supply would be critical if the conservative interior of the country has shut off supply of food to the coasts. Shutting down trade with the world and access to electronics and other technology can cripple the interior of the USA. An essential ingredient is have an interior that is steadfast on resisting international cooperation and the rise of China, which is Trump is the leading edge of right now. China will see itself as leading the "free" world to international harmony by defeating the renegade white supremacists in the USA. It is very obvious why Rothschild used his influence over Wikileaks and media in the USA to install Trump (also so the conservatives will eat the blame for the global collapse caused by socialism).

The socialism doesn't just die overnight. It dies a painful death of self-destructive totalitarianism. Haven't you guys learned anything from the studying the history of the collapse of Germany or Rome.

If you want to understand why the entropy of the top-down ordered outcome is so low and thus so predictable, refer to the Petri dish analogy from my seminal essay:


Also you have to factor in that China and Russia don't have the socialism and pension debts problem that the West has (their debts can be written off as their demographics and unfunded social liabilities are not yet a huge inertia so their downturn can bottom in 2020 whereas the West will continue to disintegrate even after 2032); thus as China is rebalancing their economy from the Industrial Age exports to the Knowledge Age service industry and consumption (see upthread links to Michael Pettis' blogs), they will displace the West, become the new financial center of the world, and be very strong. Thus the totalitarianism isn't going to abate, because on the heels of the disintegration of the West, China's and Russia's Technocracy form of oligarchy control is rising to a NWO. After Rothschilds' succeeds in dividing-and-conquering Europe and the USA, then he will send Chinese troops into the USA and Russian troops into Europe to complete the NWO enslavement. You aren't going to have any respite. The only release valve is going to be decentralization network technology. The Barbarians are the gates and in another couple to few of decades they will be in your living room. Your silly tangible assets are going to be pet rocks.

What Rothschilds is doing right now is building a short dollar vortex of epic pain, so the world will hate the concept of a reserve currency controlled by any one nation. So the world will acceded to an international cooperative SDR reserve unit (which of course Rothshilds will control with the international central bank).