So these two paper hangers frequented the cathouse yesterday

[longnine009]

I don't know who this guy is, but man he doesn't beat around the bush.
http://www.kitco.com/ind/willie/sep182008.html

[scottishmoney]

Frankly if you think the government can bail out all these crooked banks and financial institutions without a complete nationalisation and huge inflationary plan, you are out there.

The whole structure is going to collapse.  The signs are there that this has the possibility to make the Stock Market Crash of 1929 look positively benign.

[longnine009]

Frankly if you think the government can bail out all these crooked banks and financial institutions without a complete nationalisation and huge inflationary plan, you are out there.

The whole structure is going to collapse.  The signs are there that this has the possibility to make the Stock Market Crash of 1929 look positively benign.

Maybe I'll start hoarding boxes of 9mm or .30 cal ammo or whatever ammo is the most common. That might end up being  the best barter medium of them all. 

[Paint Your Wagon]

In the two great wars my grandfather used cigarettes and sugar and salt
The rest of the family had like 1000 chickens laying eggs and cows and milk and butter
These make great barter for bread and clothes and shoes

[scottishmoney]

In the two great wars my grandfather used cigarettes and sugar and salt
The rest of the family had like 1000 chickens laying eggs and cows and milk and butter
These make great barter for bread and clothes and shoes

Not as easy to hoard as gold, but a lot more useful in a tight pinch. 

Just FYI, has anybody else tried to buy gold lately?  Good luck.  Months ago I could buy all I wanted, now I beg, pay more etc. but get limited on purchases.  I got some today, but the best prize was 3/4 oz of platinum at melt.  Also got some early Mexican and Austrian gold at melt, and these are numismatic strikes, ie pre-restrike dates.

[KurtS]

Without reading that whole thing, I've probably arrived at similar conclusions as this writer...I just wish he would footnote his "buy gold, silver etc." by divulging his stake in metals.
For the sake of argument, let's say I line my underground bunker with gold bricks. If everything comes unglued--what do I do with all that gold--trade it for groceries at stores that haven't yet folded?  Convert it back into worthless currency, and then buy stuff?  This is the part of the "hoard gold" equation I never figure out.    Thoughts?

[scottishmoney]

Read into historical novels, like for instance even "Babi Yar" about WWII in Russia, and you will find people writing about using older gold coins for transactions for food etc. in hardship times.  The author of Babi Yar was paid a Nicholas II 5 Rubles coin for working for something like a month.  If you even had one of those on you during Soviet times you could get shot for hoarding gold.  Doesn't stop people from hoarding it and using it, just makes them a lot more careful.

During my last USSR trip in 1991 I had people approach me on the streets wanting to deal in Nicholas II gold coins.  They had them, would only sell for dollars of course, no rubles.  Those things were illegal to own in the USSR from 1925 until Russia legalised gold ownership ca. 1992-3.  But the people that wanted them had them.

[latman]

I think a better system is to use the old colonial Australian system of using Rum as currency. Much more useful than gold to help forget your sorrows in times of trouble.

[scottishmoney]

I think a better system is to use the old colonial Australian system of using Rum as currency. Much more useful than gold to help forget your sorrows in times of trouble.

Unless you are in Russia, in which case, Vodka is very close to being consumed as much as water.

[Nighthawk]

The Golden Rule for the New Age: "He who has all the GOLD makes the RULES!" 

[Nighthawk]

That's COOL! 

[longnine009]

Without reading that whole thing, I've probably arrived at similar conclusions as this writer...I just wish he would footnote his "buy gold, silver etc." by divulging his stake in metals.
For the sake of argument, let's say I line my underground bunker with gold bricks. If everything comes unglued--what do I do with all that gold--trade it for groceries at stores that haven't yet folded?  Convert it back into worthless currency, and then buy stuff?  This is the part of the "hoard gold" equation I never figure out.    Thoughts?

That's what I like about 1 oz. silver bars. I really can't see myself giving some shady character (with three  thugs in the back room) a gold eagle for a can a beans. Gold seems  better suited for preserving what you got, or for large expenses like getting out of the country, rather than getting by day to day in a zoo.