Maybe you joke, but I think it's helpful to keep in mind that there are some number of families in the US who arrived as refugees. A subset of these fled their country under dire circumstances, and oftentimes that was only possible because they had enough gold stashed away to pay the necessary bribes and then to purchase a spot on a boat. I've heard hair-raising tales of escape from Vietnam, and gold literally meant the difference between life and death. Those "boat people" you might have heard about are the ones lucky enough to get onto a boat that made it out, and part of that luck involved enough portable wealth to purchase a place on the boat.A' la' survivalist whackos, my definition of the metals' purposes in that time is, "Silver is for buying groceries, gold is for buying a horse."Silver is the poor man's gold.
If gold and silver go up 30X to 50X, it is hard to exchange gold for anything. It is easier with silver.
KlangFool
It's hard to imagine the US dollar becoming worthless the way South Vietnamese currency did, or of the US imposing currency controls. It's not like civil war is seriously likely and the dollar is the world's reserve currency. But I can certainly see how personal life experiences could make some people interested in having a supply of silver and gold on hand, just in case.
Maybe a stack of Benjamins is good enough, but keep in mind that emergency guides often recommend having some cash on hand. In a civil emergency where the ATMs are all down, it'd be helpful. Maybe it's a large regional earthquake, a major cyberattack, or an extended power blackout from a solar flare frying most of the country's transformers, but a long power outage isn't out of the realm of possibility.
Statistics: Posted by random_walker_77 — Mon Jun 17, 2024 3:49 am — Replies 144 — Views 20875