General Discussion

former9thward

(33,424 posts)

10. Very few people buy gold for the silly scenario given in the OP.

Fri Dec 27, 2013, 11:28 AM

Dec 2013

People buy gold as an insurance for an economic collapses of the order of Germany, post WW I. That was not an Apocalypse situation but it was a situation when paper money became almost worthless. People with gold did just fine.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

45 replies

= new reply since forum marked as read

Highlight:

Why Gold Would Be Useless in an Economic Apocalypse [View all] xchrom Dec 2013 OP

In an "economic apocalypse" pipoman Dec 2013 #1

I have poppy seeds. What will you trade for pain relief? Comrade Grumpy Dec 2013 #31

Fuck gold; stockpile lead if you believe in that shit NickB79 Dec 2013 #2

You can do the Lone Ranger one better and make bullets out of that gold. hobbit709 Dec 2013 #5

But I don't know if it can hold the rifling of the barrel (or even come out) sakabatou Dec 2013 #29

I hate seeing gun nuts take over threads Pretzel_Warrior Dec 2013 #45

Liquor and cigarettes exboyfil Dec 2013 #3

^^^ THIS ^^^ Glassunion Dec 2013 #12

More valuable than gold in a total econ collaspe would be TexasProgresive Dec 2013 #4

This: CrispyQ Dec 2013 #21

Pretty much TexasProgresive Dec 2013 #23

"We are a wretched lot." - yes indeed we are, always have been. ConcernedCanuk Dec 2013 #27

I think I read one of those Ken Follet books when I was really too young to understand it. Iggo Dec 2013 #22

That doesn't ring a bell TexasProgresive Dec 2013 #24

Success! Iggo Dec 2013 #32

Thanks, I will try to get it TexasProgresive Dec 2013 #36

And Pillars of the Earth is especially relevant here JNelson6563 Dec 2013 #41

Yes, that's right. TexasProgresive Dec 2013 #42

there is a video game called Metro 2030. Bullets are used for money... Javaman Dec 2013 #6

Fwiw, based on a series of novels Nevernose Dec 2013 #8

Really? I didn't know that. I will look for them. Thanks! :) nt Javaman Dec 2013 #11

Anyone notice the barrage of gold ads on right-wing radio??? CoffeeCat Dec 2013 #7

I guess you don't listen to progressive radio... former9thward Dec 2013 #9

I listen to NPR... CoffeeCat Dec 2013 #14

I agree fear is the driving factor in these ads. former9thward Dec 2013 #15

I agree that it is essential to be prepared... CoffeeCat Dec 2013 #18

I love The Walking Dead. former9thward Dec 2013 #19

Agreed... CoffeeCat Dec 2013 #20

The zombies are symbolic training for the public so they look at others as subhuman during TeamPooka Dec 2013 #25

Very few people buy gold for the silly scenario given in the OP. former9thward Dec 2013 #10

This PowerToThePeople Dec 2013 #16

Lets just say for arguements sake... Xolodno Dec 2013 #13

Glenn Beck has a new freak-out, doomsday warning... CoffeeCat Dec 2013 #17

He's Mormon now. They are big on prepping. nt Ilsa Dec 2013 #43

It wouldn't be useless. dawg Dec 2013 #26

Marvelously useful for when you have to manufacture your own electronics. Egalitarian Thug Dec 2013 #35

one bar of gold for a sip of water frylock Dec 2013 #28

Speaking of gold and financial apocalypse -- T'was the Nightmare Before Christmas Jessy169 Dec 2013 #30

Buy high, sell low, the gold bug's lament and market. The Stupid creating the Rich years Egalitarian Thug Dec 2013 #33

In an economic apocalypse, alcohol and gas will be the most important commodities. haele Dec 2013 #34

David Marotta in his series of blog posts also mentioned the value of owning firearms ... spin Dec 2013 #37

This message was self-deleted by its author Humanist_Activist Dec 2013 #38

"Lessons from Argentina's economic collapse" bvar22 Dec 2013 #39

That was an interesting link... truebrit71 Dec 2013 #40

Toilet paper will be a hot luxury item! nt Ilsa Dec 2013 #44