KlangFool wrote: ↑Sun May 22, 2022 2:39 pmdelamer,delamer wrote: ↑Sun May 22, 2022 1:52 pmI honestly don’t know what having physical gold/silver prepares you for, other than for bartering for goods if the economic and supply distribution systems collapse.KlangFool wrote: ↑Sun May 22, 2022 1:40 pmWhy do you think that someone prepared by having physical gold and silver would not stored sufficient food and water too? I am curious why do you think that?delamer wrote: ↑Sun May 22, 2022 1:31 pmI’m curious as to how you expect to deploy your physical gold & silver in the event of an economic catastrophe.KlangFool wrote: ↑Sun May 22, 2022 1:12 pm
TN_Boy,
My preparation does not assume that. I believe that if we have a recession with market down turn lasting more than 5 years, it is not longer a money problem. I have some physical gold and silver to prepare for that.
And, if you do not believe that the government cannot bail out the market this time, may I ask how much physical gold/silver did you bought? Or, what is your preparation for that scenario?
KlangFool
Trade for food?
KlangFool
Sufficient food for how long? Barring owning a farm and having a well, most us can’t store enough water/food for more than a few months. If you are the exception and can be self-sufficient for a year or more, great.
A) Do you prefer to be someone that can last at least a few months versus less than a week?
B) Or, you believe that it won't matter anyhow.
C) The choice is yours. I made mine.
"most us can’t store enough water/food for more than a few months."
D) Most people are not prepared anyhow.
E) Many can't. They are living paycheck to paycheck.
F) Most that can, "Don't worry, be happy!".
G) So, what do you choose? Why do you think you need more than a few months?
In many crisis, you have to survive in order to wait for recovery and succeed. Those that are not prepared do not last long enough to survive. If someone does not have enough to last one week, it won't matter if the crisis only lasted one month.
KlangFool
But you never answered my initial question about how you expect to use your store of physical gold/silver in a crisis. If you answered that question, then it might help others on the forum determine if having physical gold/silver would be useful for them too.