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Elephanthead posted:Is buying horse a good way to store savings? If the value of the dollar gets cut in half I can buy twice as many horses then, right? Sure! It can provide transportation, companionship, housing (ever seen Empire Strikes Back?) and eventually, glue! You'd have to be a foal to not invest in a horse.
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Nov 15, 2018 12:34
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Hoodwinker posted:Is buying gold a good way to store savings Why do all the apocalypse-weirdos think that gold is going to have any value if currency has none? I imagine that in the event of a worldwide disaster, toilet paper is going to be the new gold.
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Nov 15, 2018 13:18
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Gold will have value only because that's the first thing that'll have value again when society rebuilds. If society never rebuilds, well...
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Nov 15, 2018 13:25
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As wacko as they are people who hoard things like food and bullets have a significant edge over people who hoard gold because those are things that may actually have value in an apocalypse.
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Nov 15, 2018 13:27
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wilderthanmild posted:As wacko as they are people who hoard things like food and bullets have a significant edge over people who hoard gold because those are things that may actually have value in an apocalypse. Por que no los
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Nov 15, 2018 13:49
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EAT FASTER!!!!!! posted:Por que no los True diversification is hoarding, food, water, bullets, guns, gold, and gasoline.
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Nov 15, 2018 13:51
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April posted:Why do all the apocalypse-weirdos think that gold is going to have any value if currency has none? I imagine that in the event of a worldwide disaster, toilet paper is going to be the new gold. Because the US and Europe used gold for currency for a long time and these idiots think we'll revert right back to that once society collapses. Instead, we'll be trading bullets or some poo poo.
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Nov 15, 2018 14:11
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sale on Banksy art posted:$2000 a year to use someone's image is not outrageous Ah yes, $2k a year for a photo of your kid seems reasonable to me, said the out of touch person.
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Nov 15, 2018 14:20
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Inept posted:Ah yes, $2k a year for a photo of your kid seems reasonable to me, said the out of touch person. Well, a good looking kid...maybe. Your kid looks like a troll doll then the IRS is going to object unless you're selling actual troll dolls.
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Nov 15, 2018 14:24
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April posted:Why do all the apocalypse-weirdos think that gold is going to have any value if currency has none? I imagine that in the event of a worldwide disaster, toilet paper is going to be the new gold. They all think that their world will turn into a libertarian fantasy pre feudal society instead of Mad Max. They'll be the yeoman farmer, living off the land and trading in town, not dead, enslaved, or press ganged into someone's militia. In such a world, where gold has use, having a lot of it means quite a bit!
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Nov 15, 2018 14:25
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Grandma borrowed money and paid back $18k to her friend. Now they come to me asking for $28k in interest. I don't know what to do. https://www.reddit.com/r/legaladvice/comments/9xa4nt/grandma_borrowed_money_and_paid_back_18k_to_her/ quote:Hi all, TLDR at the bottom. This is quite the scam.
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Nov 15, 2018 15:09
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Inept posted:Ah yes, $2k a year for a photo of your kid seems reasonable to me, said the out of touch person. Volmarias posted:They all think that their world will turn into a libertarian fantasy pre feudal society instead of Mad Max. They'll be the yeoman farmer, living off the land and trading in town, not dead, enslaved, or press ganged into someone's militia. In such a world, where gold has use, having a lot of it means quite a bit! Hoodwinker fucked around with this message at 15:15 on Nov 15, 2018 |
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Nov 15, 2018 15:13
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Hoodwinker posted:How much could one banana cost, Michael. Ten dollars? Lol that they think they'll be that one guy playing Skyrim like it's loving stardew valley
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Nov 15, 2018 15:17
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Hoodwinker posted:How much could one banana cost, Michael. Ten dollars? Anyone with a hoard of resources is also an immediate target to everyone else. "HEY! That guy over there doesn't look starving. Let's go check it out." says literally everyone in the new Ohio Wastelands (different from the old Ohio Wastelands). You may have more bullets than they have bodies, but good luck delivering all those bullets into all those bodies.
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Nov 15, 2018 15:21
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People also think that gold is a good idea because it does have useful value when your country collapses. Like if you wanted to flee Somalia in 1991, you would do reasonably well to buy a bunch of gold (or silver, etc) with your local currency, and carry that when you make the run for the border. It's not a bad idea because no one outside the country is going to want your currency, you can carry precious metals fairly easily and discretely, and they can be exchanged basically anywhere in the world - or given directly to border guards/guides as payment and bribes, because they can convert them more easily than bundles of notes. You can also use gold to avoid things like a localized collapse of your banking system or devaluation in the currency and hope to ride it out until things recover with more of your wealth preserved. The problem is that this only really works when you are experiencing a localized collapse and there is a stable, functional nation nearby for you to flee to. When your country is a world leader and it's currency is the world reserve currency, that gets a lot less reliable. Also, most of the people hoarding gold don't actually plan to flee to Canada in a refugee caravan, they have vague notion that they'll be able to use gold to trade or buy; they won't, it's only useful if the country rebounds and people actually want to start trading precious metals again. Until then it's dead weight.
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Nov 15, 2018 15:25
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Ashcans posted:People also think that gold is a good idea because it does have useful value when your country collapses. Like if you wanted to flee Somalia in 1991, you would do reasonably well to buy a bunch of gold (or silver, etc) with your local currency, and carry that when you make the run for the border. It's not a bad idea because no one outside the country is going to want your currency, you can carry precious metals fairly easily and discretely, and they can be exchanged basically anywhere in the world - or given directly to border guards/guides as payment and bribes, because they can convert them more easily than bundles of notes. You can also use gold to avoid things like a localized collapse of your banking system or devaluation in the currency and hope to ride it out until things recover with more of your wealth preserved. You know I hate to say it but BTC makes a vastly better vehicle for the first kind of case than does bullion in 2018. Not that I'm ever going to touch the poop again.
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Nov 15, 2018 15:35
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Lockback posted:Grandma borrowed money and paid back $18k to her friend. Now they come to me asking for $28k in interest. I don't know what to do. Why the gently caress would any of them be willing to pay money back when there was no contract and it was lent to someone else?? I am very confused
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Nov 15, 2018 16:02
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if society collapses you're going to need healthy social relationships more than material goods. independence is a modern luxury but for some reason it carries over into every prepper fantasy.
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Nov 15, 2018 16:02
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FAUXTON posted:Lol that they think they'll be that one guy playing Skyrim like it's loving stardew valley link please
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Nov 15, 2018 16:07
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CornHolio posted:Sure! It can provide transportation, companionship, housing (ever seen Empire Strikes Back?) and eventually, glue! You'd have to be a foal to not invest in a horse. You guys update your cultural references, cuz they used actual horses for heat in The Revenant.
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Nov 15, 2018 16:08
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Inept posted:Ah yes, $2k a year for a photo of your kid seems reasonable to me, said the out of touch person. $166 a month to hire a model for a series of rotating photos.
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Nov 15, 2018 16:21
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I'm just saying that if TEOTWAWKI turns out to be graboids a lot of you are gonna wish you had a stash of guns and dynamite in a mountain fortress surrounded by bare granite.
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Nov 15, 2018 16:25
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Gold has retained it's value in every societal collapse I can think of, it's a pretty good bet that it will in the next one too imo. That said I'm not stockpiling any because I don't think the world is about to end.
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Nov 15, 2018 16:32
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OctaviusBeaver posted:Gold has retained it's value in every societal collapse I can think of, it's a pretty good bet that it will in the next one too imo. That said I'm not stockpiling any because I don't think the world is about to end.
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Nov 15, 2018 16:35
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It doesn't have to appreciate or retain it's value, it just has to not collapse at the same rate as everything else. Kind of like how Greeks were buying used Mercedes cars during their financial crisis. They needed a place to park Euros in case Greece suddenly exited the shared currency. Those cars were terrible investments, but they were superior to anything else available. Gold is similar in a time of crisis.
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Nov 15, 2018 16:45
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Hoodwinker posted:If by "retained it's[sic] value" you mean it has tracked worse than inflation, then, yes. I'm pretty sure gold beat inflation in, say, Weimar Germany or in the CSA in 1864. You're basically complaining that a fire extinguisher won't appreciate in value as fast as VOO though, that's not the point.
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Nov 15, 2018 16:47
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Fair points. As a hedge against the American Dollar collapsing though it seems like kind of a poo poo move. We're proper hosed if it comes to that.
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Nov 15, 2018 16:48
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Hoodwinker posted:Fair points. As a hedge against the American Dollar collapsing though it seems like kind of a poo poo move. We're proper hosed if it comes to that. If our economy collapses to that point, guns, ammo, clean water, and canned food are going to be way more valuable than gold.
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Nov 15, 2018 17:43
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Excuse me, I have seen The Postman, so I believe that my breeding horses will be in very high demand!
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Nov 15, 2018 17:46
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Ashcans posted:Excuse me, I have seen The Postman, so I believe that my breeding horses will be in very high demand! Should have breed more Tom Pettys instead of more horses.
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Nov 15, 2018 17:47
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Nocheez posted:If our economy collapses to that point, guns, ammo, clean water, and canned food are going to be way more valuable than gold. Water and food are difficult to store in large amounts. Gold is rare, easily concealable and compact which is why it has been used as a store of value by almost every civilization that had access to it. It's not at all unreasonable to think that gold would still be worth something since it has worked that way in almost every economic collapse so far.
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Nov 15, 2018 17:59
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I'm going to get a horse. It's the best investment because when we revert to an exact copy of the middle ages I can be in my fuedal Lord's cavalry instead of the infantry.
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Nov 15, 2018 18:01
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OctaviusBeaver posted:Water and food are difficult to store in large amounts. Gold is rare, easily concealable and compact which is why it has been used as a store of value by almost every civilization that had access to it. It's not at all unreasonable to think that gold would still be worth something since it has worked that way in almost every economic collapse so far. It's the BWM thread, go right on ahead and put all your savings into gold bars. We won't be around to point and laugh after the collapse of society, so I guess we'll have to do it now 
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Nov 15, 2018 18:40
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I think the only potential argument I could make for gold is that it's a physical asset that's slightly harder to destroy than dollar bills. Even if it melts you can still recover a lot of it! 
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Nov 15, 2018 18:45
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Hoodwinker posted:I think the only potential argument I could make for gold is that it's a physical asset that's slightly harder to destroy than dollar bills. Even if it melts you can still recover a lot of it! its also harder to completely invalidate, you gotta find huge new deposits
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Nov 15, 2018 18:46
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Stockpiling gold is bwm because society probably won't collapse, not because gold would be useless if it did. I don't own any gold.
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Nov 15, 2018 18:46
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My old boss used to say "My neighbor is a prepper. He's storing all the food and supplies, so why do I have to? I've got the guns. First thing I'm doing is going next door and taking everything I need." GWDoomsday
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Nov 15, 2018 19:54
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If you are going to stockpile things for the end times, antibiotics, aspirin, things that are essential but difficult to produce without infrastructure. I don't know if the shelf life is good on those things though.
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Nov 15, 2018 20:02
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Prepper stockpiles are GWL because you can show your friends your cool stuff without having your wife and kids around to distract from it
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Nov 15, 2018 20:24
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I'm under the impression that most medication has a really long shelf life. A quick Google search turns up results claiming they are good for decades, but may begin to lose potency after the expiration date. The currency of the future is headache medicine. Invest now!
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Nov 15, 2018 20:27
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