Whats the point of buying/having gold and silver if the dollar is worthless?

it's a store of value for those who have dollars and already have other preps in hand.

still makes no sense. You still have gold/silver that is useless. All the preps in the world and you go to cash it in and you get $1200 in dollars that no one wants.

NOTHING will matter except food...and shelter.
You can't eat gold or silver, and don't expect those with food to give you full value for your gold or silver when SHTF.

There was life without the dollar for thousands of years and almost every civilization known to man has accepted Gold for the exchange of goods and services.

Hey, Nimrod...

You use gold/silver to buy food/water/fuel/sex/liquor/cigarettes when the Dollar is worth a shit nickel.

Get a clue.

I will sell you a 22cal hunting rifle for 5 silver ounces. Would you want to buy it when you have nothing useful to hunt with and are starving? Better be ready to buy what you don't have that you needed and were too stupid to know that you needed it and didn't have it.

SHTF and economic collapse are not permanent situations. They might last a long time, but eventually order gets restored. Gold and silver are a way to store wealth and carry it across the gap of economic upheavals, until things stabilize again. Full-on Mad Max SHTF is extremely unlikely, but a financial collapse is very likely. It wasn't SHTF during the Great Depression, just a lot of people who lost all their money trying to find work and food. Having some gold and silver put away can help get a family through those kinds of times.

Exactly.
Gold is for after the reset.
Dollars are worthless, so you trade your gold for the Amero, new dollar, or whatever they'll call it.
And you'll be ahead of 99% of the other people when this happens.

Last Edited by Sikhed on 01/04/2016 08:55 PM

any topless dancer will take Gold and Silver over worthless dollars.

Let me explain it to you:

Can you tell me what you could buy 50 years ago with, let's say, a thousand bucks?

And today? What will the same thousand bucks buy you?

Because of inflation the fiat dollars we own are worth much less over time.. Take into account the massive QE policies (money printing out of thin air) and inflation should get worse with time... Just think about zimbabwe and their trillion dollar notes......

What do you do to protect your wealth? You buy precious metals, which normally gains value over time (in the long term at least)... PM are a store of wealth and their value normally goes up in case of economic crises because people buy PM to protect their wealth... WHY?

When you put the same thousand bucks in PM instead of fiat dollars and that inflation takes full effect, what happens to your money? The PM value goes up as the dollar goes down, so the minute you want to transfer back the PM into fiat dollars (sell your PM), you did not loose value because of inflation... Instead, your thousand bucks is now worth more (as the PM gained value) it may not buy you more than before, as everything should cost more because of inflation, but at least you preserved your purchasing power...

Do you get the point now? It's not an investment, it's a way to keep the purchasing power of your hard earned fiat dollars.... It's more of an insurance than an investment...

One day your 401k won't be wort shit when the dollar finally falls to it's predicted death and that a thousand bucks will be worth abput a hundred in today's value... What happens when all you own are devalued worthless fiat currency in your account?!

All fiat money is deemed to fail, we have at least 4000 years of evidence to prove it... Precious metals are real money because their purchasing power is kept over time...

Now PM prices are completely manipulated on the down side because of the big fraud which is the paper contracts of the Comex, SLV and GLD funds which sold almost 20 times more contract than their real inventories... In other words, let's say they have one ounce of gold in inventory, well they sold (rented) this ounce to 20 different people on paper... What do you think would happen if those 20 people decided to take delivery of their gold?! You guessed it, this is not possible and that market will implode on itself... This fraud is more and more exposed for what it is and one day this bubble may pop and when that happens, PM prices should gain back their real value, away from manipulation, which should be much, much more...

The price of PM is a real joke right now, we are seeing a real flash sale... Even if it continues to fall to, let's say, 10$ for silver, the actual price is wayyyyyyyy undervalued... Buy low sell high? ;)

Get it now?



That's just the tip of the iceberg...

A global economic will be basically forever or at least your lifetime. So to you it will be forever.
THe nonsense references people use are for Local( national) economic scenarios. Which allows the rest of the world to help them rebuild and get back on their feet. A global collapse means there is no help, everyone is in the same boat.
So the effects will last a very long time, not just a few short years.
Just look at the economy since 2008, no recovery even with a global economy in place to help rebuild the economic system. Now this was just a down turn/ crash, imagine what a total collapse would be like.

50 years ago gasoline was approximately 20 cents a gallon.
That was when dimes were approximately 90 per cent silver.

Today gasoline is 2 dollars a gallon.
The very same 2 silver dimes from 50 years ago can be exchanged for approximately 2 dollars.

The price of gasoline compared to silver has remained relatively unchanged.

The change has been in the value of the dollar compared to silver and gasoline.

Umm.... What's the point of owning dollars if the dollar is worthless?

As time goes on the dollar continually loses value. Always has and always will. (Especially after it stopped being backed by gold and stopped being exchangeable for silver at banks)

But goods are goods. Whether a loaf of bread is $1 or $10 it's still a loaf of bread and takes the same amount of resources to make no matter what the value of the dollar is. Metals unlike food though don't expire otherwise I would have been stockpiling milk 10 years ago instead of metal. Liquid gold!

LOL, I'm not trading my precious food and fresh water for useless metals.

gold and silver have a Natural value where as paper is truly worthless it is only a Belief that make's it have any value at all , when confidence drops in the economy a few things happen prices go up like the cost of food and petrol so your paper money has lost some of it's value concurrently the price of gold goes up so no value lost and you can also trade physical gold for real goods with paper it is only worth what the market dictates gold dictates it's own price in a true free market system gold is currently way under valued btw

Did you just fall off the Turnup Truck? Do some research.

I'm surprised none of the "you can't eat silver" dumbasses haven't showed up yet... as if people who have silver don't already have other preps...

And thus he was enlightened in understanding that the commodities trade was always a lopsided piece of shit trade proposition with no basis in reality that shiny rocks were worth sweet fuck all.

Especially when the underlying fiat denomination that values the asset is worth sweet fuck all.

Why would you cash in gold or silver?

yeah, and it is always going to be that way forever and ever...

there will be a reset. 1 oz of gold will be worth 32k bitcoins.