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  1. lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Saturday, 19-Feb-2022 12:11:39 EST lnxw48a1 lnxw48a1
    I don't actually think gold and silver will be much use in a severe collapse. Currently, their value is so high that it is impractical to use them as media of exchange. And because of that, the common person has no experience with verifying the purity or provenance of precious metals. Nor will they have a way of assigning a value to a specific size & weight of precious metal. So outside of a very small number of gold-savvy people (most of whom already own some) trading with one another if they are geographically close to each other, precious metals based trade is not likely to be a major thing.

    Since the 1970s, I've heard people talking about storing up food and gold. Food I understand, but you can't eat gold and you won't be able to trade with it.

    TL;DR: Not very useful today, even less useful in a collapse.

    #AU #AG #precious_metals #preppers
    In conversation Saturday, 19-Feb-2022 12:11:39 EST from nu.federati.net permalink
    1. GeniusMusing (geniusmusing@nu.federati.net)'s status on Saturday, 19-Feb-2022 12:23:04 EST GeniusMusing GeniusMusing
      in reply to
      Maybe salt will make a trading comeback.
      And chickens.
      In conversation Saturday, 19-Feb-2022 12:23:04 EST from nu.federati.net permalink
    2. lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Saturday, 19-Feb-2022 13:16:05 EST lnxw48a1 lnxw48a1
      in reply to
      And then there people like the guy who quit his job and bought a bunch of silver, so he could get through a collapse. Meanwhile he and his 80-something grandfather were running out of food, so he was e-begging.

      Dude, why should I work 60-80 hours per week (at the time; I am only working 40 hours now) and send money for you to sit on your @$$?
      In conversation Saturday, 19-Feb-2022 13:16:05 EST from nu.federati.net permalink
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