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Shadowhand00 posted:He's going to pull through guys. nothing to see here. But I do love this response that's only 2 posts down from the OP: quote:Why are you doing that
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Nov 15, 2015 20:59
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I think my Dad got bitten by the gold bug: 
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Nov 15, 2015 21:11
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I'm no economist or financial expert, but is there any reason at all to believe that if the world economy were to fail, we would go to some kind of gold or silver standard rather than bartering for goods and services? All these doomsayers keep talking about how precious metals will be so valuable after everything goes to poo poo, but I honestly don't see it. Bartering is way more natural and intuitive, and just makes more sense for some kinda apocalyptic scenario. Am I just missing something?
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Nov 15, 2015 22:22
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I think it's less a reasoned hedge against possible economic collapse and more a power fantasy where through your foresight and special knowledge you end up really rich.
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Nov 15, 2015 22:35
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Cat4Tumbleweed posted:I'm no economist or financial expert, but is there any reason at all to believe that if the world economy were to fail, we would go to some kind of gold or silver standard rather than bartering for goods and services? All these doomsayers keep talking about how precious metals will be so valuable after everything goes to poo poo, but I honestly don't see it. Bartering is way more natural and intuitive, and just makes more sense for some kinda apocalyptic scenario. No. People don't understand that you can't eat gold or silver. Growing food and brewing/distilling alcohol would be very high value activities. Next clothing, shelter and medicine would be high value. Everything beyond that is a luxury in that scenario. Barter would emerge. Someone wanting to trade alcohol for food doesn't want gold.
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Nov 15, 2015 22:38
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Not a Children posted:I think my Dad got bitten by the gold bug: Oh dear 
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Nov 15, 2015 23:28
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Devian666 posted:No. People don't understand that you can't eat gold or silver. Growing food and brewing/distilling alcohol would be very high value activities. Next clothing, shelter and medicine would be high value. Everything beyond that is a luxury in that scenario.
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Nov 15, 2015 23:45
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Cicero posted:Also: guns and ammo, probably. A good hunting rifle and ammo would be helpful. Although farming animals is more productive than hunting wild game. Unless of course you are in the US and preppers with only guns and ammo realise they need food then become cannibals. In a disaster you need a community response first as everyone working together will save the most lives. Preppers are likely to be terrorists in disaster situation.
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Nov 16, 2015 00:23
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Devian666 posted:Unless of course you are in the US and preppers with only guns and ammo realise they need food then become cannibals. In a disaster you need a community response first as everyone working together will save the most lives. Preppers are likely to be terrorists in disaster situation. Preppers are kind of a pet hate of mine and if I ever won the lotto I'd dedicate my life to being like that insult alien from Hitchhiker's Guide to the Galaxy, jetting around to visit each and every prepper on their deathbed so I can laugh in their faces.
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Nov 16, 2015 01:10
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Sometimes people get old and become goldbugs. I think it's some kind of weird trip where you'd rather not acknowledge that the world will continue to exist without you, so you try to entomb yourself with a material representation of your worth like some sort of pharaoh. Gosh my grandkids will be so happy I left them a bunch of gold krugerrands that their parents won't even let them play with.
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Nov 16, 2015 01:18
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Devian666 posted:No. People don't understand that you can't eat gold or silver. Growing food and brewing/distilling alcohol would be very high value activities. Next clothing, shelter and medicine would be high value. Everything beyond that is a luxury in that scenario. Way to miss the point. The reason currencies prevailed over bartering is because they provided a shared medium of value and made trading far, far more efficient. For instance, if you have a box of nails and need five Oxycontin pills, you can first sell them for an ounce of gold, then use the gold to buy the pills. The person who has the pills does not have to need a box of nails, and if they need five chicken legs, they don't need to first find a chicken farmer who wants pills: they can just use the currency to buy them. That is not to say that gold would necessarily be that currency in the event of an economic collapse. In the Nazi concentration camps during World War 2, cigarettes were the currency, for example. That's why investing in gold and silver is stupid.
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Nov 16, 2015 01:29
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People don't invest in precious metals because it's logical. I have an uncle who went goldbug and even though I work at an investment company he still tries to sell me on it while vaguely poking me to figure out what insider info I have, which is none. The goldbug mentality is not logical. It's moral. It's for weirdos who like the idea of currency but don't understand how it works. What is inflation? Why is my dragon horde of cash I've accumulated and done nothing with worth less now than it was before? That's not fair and Ron Paul is right. I should be rewarded for being a good saver. I saved up my allowance and now dad should cover the difference between what I have and the price of the toy I want.
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Nov 16, 2015 02:31
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I can understand why people hoard physical gold; they're confused, afraid, and think it'll be useful as currency. I don't get why people who believe the economy is going to completely collapse invest in gold or precious metal funds though. In the event that society collapses no one is going to count their shares of some gold "somewhere" as worth anything.
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Nov 16, 2015 02:47
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Desuwa posted:I can understand why people hoard physical gold; they're confused, afraid, and think it'll be useful as currency. Their mentality is pretty simple and easy to understand: "gold and silver were used as currency in the old days, so they will probably be used again if our fiat economy collapses." It's one of those things that s end logical on the surface, but of course isn't.
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Nov 16, 2015 02:52
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The only reason I see to hoard physical gold is for smuggling. It's dense/value combined make it easy to squirrel away somewhere while I'm trying to escape or cross a boarder into another country. My parents think (hopefully not anymore though Im unsure) that having converting your money into USD is a good way to make money. This is mostly from growing up in the middle east where the local currency is probably worth toilet paper and the USD always acts as a good currency to keep on hand.
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Nov 16, 2015 02:59
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In a natural disaster I'm looting the pharmacy first thing.
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Nov 16, 2015 03:02
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enraged_camel posted:Their mentality is pretty simple and easy to understand: "gold and silver were used as currency in the old days, so they will probably be used again if our fiat economy collapses." Bronze was used as currency too. Where are the bronze bugs? 
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Nov 16, 2015 03:04
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Krispy Kareem posted:Bronze was used as currency too. Where are the bronze bugs? I think you just discovered another source of post-apocalyptic wealth. Quick, buy up all the bronze before this occurs to the other enlightened folks!
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Nov 16, 2015 03:06
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I'll leave aside redundantly chiding about money vs barter. Gold was a primary currency due to its rarity, its stability and resistance to corrosion (unlike silver), its uniformity (unlike oil/diamonds/eggs), and its aesthetic appeal. It's not a good investment, and it's a poor store of value today by virtue of its comparably worse liquidity. If there is a big collapse in institutional support for USD, it might still be a popular currency. Iraqi dollars demonstrated this, even in the face of being a paper currency not pegged to any resources. But if you want to buy for the apocalypse you should really invest in brass and lead.
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Nov 16, 2015 03:08
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You just need a way of printing money for the apocalypse. If there's no power there's no porn other than in print. You need to buy as much porn as you can to trade with preppers. You too can be a pornbug.
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Nov 16, 2015 04:06
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Devian666 posted:You just need a way of printing money for the apocalypse. If there's no power there's no porn other than in print. You need to buy as much porn as you can to trade with preppers. You too can be a pornbug. There's something to be said for having a stash of "blackout porn" handy.
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Nov 16, 2015 06:09
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B33rChiller posted:There's something to be said for having a stash of "blackout porn" handy. The porn needs to be added to your "go bag".
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Nov 16, 2015 06:31
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enraged_camel posted:Their mentality is pretty simple and easy to understand: "gold and silver were used as currency in the old days, so they will probably be used again if our fiat economy collapses." You missed his point entirely - for every goldbug that actually has physical gold, there are quite a few who are simply holding certificates for that gold, shares of gold mining corporations, or shares in a gold mining MLP.
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Nov 16, 2015 07:27
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baquerd posted:You missed his point entirely - for every goldbug that actually has physical gold, there are quite a few who are simply holding certificates for that gold, shares of gold mining corporations, or shares in a gold mining MLP. Same difference.
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Nov 16, 2015 11:17
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You laugh at me now but I'm telling you Fallout is right. That's why I still have the bottle cap from every beer I've ever drank in my life.
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Nov 16, 2015 12:41
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baquerd posted:or shares in a gold mining MLP. I will always choose to read that as "a gold mining My Little Pony".
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Nov 16, 2015 14:47
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Devian666 posted:A good hunting rifle and ammo would be helpful. Although farming animals is more productive than hunting wild game. Unless of course you are in the US and preppers with only guns and ammo realise they need food then become cannibals. In a disaster you need a community response first as everyone working together will save the most lives. Preppers are likely to be terrorists in disaster situation. Ok I'm 100% not a prepper and this is why- seems like you'd be just fine living in town while making trips to farm country to barter for food. That is until all the preppers who ran for the hills realize the population of deer dropped 95% in 3 weeks and they start getting hungry. At that point I think I'd be safest right in my normal house with all my neighbors and being on good terms with basically everyone in the town rather than on my own. Someone who was planning on living by the sword/AR-15 through the apocalypse is probably not going to be interested in working together to grow food. Bad with money: Buying land if you expect the world to end. This is the dumbest thing. Before the apocalypse, you're spending all your money (that you could have been using to become a doctor or a farmer or a mechanic or just a person with a lot of friends) on land. After the apocalypse, you own what you can defend. What do you mean you made payments until the bank disappeared? You have a deed? Hey, I've got a piece of paper too- it says I own your land. I just wrote it. My paper's just as good as yours! poo poo dude it's the apocalypse if you can't defend it you don't own it, and if you can defend it you can take whatever you want. Uncle Enzo fucked around with this message at 16:15 on Nov 16, 2015 |
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Nov 16, 2015 16:12
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Devian666 posted:A good hunting rifle and ammo would be helpful. Although farming animals is more productive than hunting wild game. Unless of course you are in the US and preppers with only guns and ammo realise they need food then become cannibals. In a disaster you need a community response first as everyone working together will save the most lives. Preppers are likely to be terrorists in disaster situation. Depends on the disaster I guess. Has there been a natural disaster or unrest that cut people off from help for more than a week in the last 100 years? Even Katrina, which wasn't FEMA's finest hour, still had supplies in people's hands after 5 days. The ideal situation is to live surrounded by Mormons. They may not share with you, but they won't take what little you have.
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Nov 16, 2015 16:36
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$146k in student loan/credit card debt, $4k monthly income.  quote:Hi there. I'm writing this on behalf of my gf who is $146K in debt between student loans and credit cards. We live together and split rent/utilities/food, but keep the rest of our finances separate. Edit: Just caught the $150/month phone bill. 
KillTylerDurden fucked around with this message at 16:41 on Nov 16, 2015 |
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Nov 16, 2015 16:38
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That's a tricky one - should they pay the high interest one first, or the student loan first because they're obviously going to declare bankruptcy anyway?
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Nov 16, 2015 16:41
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Devian666 posted:The porn needs to be added to your "go bag". You mean his come bag, right? Zing!
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Nov 16, 2015 17:14
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quote:We are trying to be frugal with our food budget and both love to cook, but being involved with nutrition means that we spend a little more for healthy/organic foods. We are budgeting $400 a month each ($100 a week per person) for food, so that takes her $1,035 a month down to $635 on average, depending on commission and time of year. Is this a reasonable food budget for our healthy accommodations? Shes a nutritionist and they have to spend $800 a month on food. You'd think spending $100k on school to learn about food you might be smart enough to cook high quality healthy meals cheaply?
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Nov 16, 2015 17:20
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She only has $20k high interest debt. That should be consolidated and paid off first. Her $90k in student debt can't be discharged and she needs her car.
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Nov 16, 2015 17:36
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cowofwar posted:She only has $20k high interest debt. That should be consolidated and paid off first. She needs A car, she doesn't necessarily need HER car. Selling that and either going with his car, or a cheaper car would help.
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Nov 16, 2015 17:41
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cowofwar posted:She only has $20k high interest debt. That should be consolidated and paid off first. She may need a car, but a $26k car??? She needs to get rid of it and buy a used civic for $4-5k. That alone would save her a whopping $550 a month, with which she can use to pay off her high interest credit cards.
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Nov 16, 2015 17:43
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What about $800 a month in grocery shopping? Nothing? No one is going to say anything? Thats a normal amount to spend?
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Nov 16, 2015 17:52
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Yeah, that's crazy too. This line makes me go  quote:We are trying to be frugal with our food budget and both love to cook, but being involved with nutrition means that we spend a little more for healthy/organic foods. vvv yeah i was trying to be ironic and edgy but changed my mind 
Slow News Day fucked around with this message at 18:04 on Nov 16, 2015 |
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Nov 16, 2015 18:01
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That was his post.
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Nov 16, 2015 18:02
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Jeffrey of YOSPOS posted:That's a tricky one - should they pay the high interest one first, or the student loan first because they're obviously going to declare bankruptcy anyway? reddit posted:that 30% credit card debt is an emergency. She needs to pay that card off ASAP by any means necessary - balance transfer, payday loan, personal loan, sell the car, sell her body, whatever - and then cancel it. Link: https://www.reddit.com/r/personalfinance/comments/3sxk3v/146000_in_the_hole_could_use_some_help/
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Nov 16, 2015 19:12
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quote:We are working on being frugal together but the anxiety created by all this debt had an impact on her spending habits before we started seeing each other. My takeaway from this is when her money situation started getting bad she was like "gently caress it, imma still tear the mall up", and now she's stuck in broke-but-still-ballin mode. Gotta have them organic greens. She better be super hot.
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Nov 16, 2015 19:22
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