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Nickelless
Administrator
USA
5580 Posts |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
 Posted - 10/14/2008 : 22:35:01
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quote:
Originally posted by Nickelless
Other than a mark-of-the-beast type of scenario from the Book of Revelation, can anyone think of a situation after TSHTF when people or businesses won't take gold or silver as payment for things? I know it might sound crazy since gold and silver are so universally recognized and associated with a store of wealth, but are there instances other than a lack of any tangible goods to buy when gold or silver won't be accepted?
If people cant eat, they wont be looking to store wealth. They will be looking to trade their goods for something edible. |
"99% of all lawyers give the rest of them a bad name" 
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eharrison
Penny Pincher Member
USA
234 Posts |
Posted - 10/14/2008 : 22:38:39
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yep. soon an ounce of silver might get a wheel barrow full of wheat but if the worst comes then a wheel barrow full of silver won't get an ounce of wheat.
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Freedom is popular
That's why I voted
Ron Paul! |
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Nickelless
Administrator
USA
5580 Posts |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 10/14/2008 : 22:56:33
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quote:
Originally posted by Nickelless
I'm talking about IF goods are available for purchase. I realize you can't eat PM (well, you COULD, but...) But I'm trying to imagine any possible scenario where goods are still available but PM wouldn't be accepted.
When the colonies were being founded, they had tobacco dollars. Money that was backed by the # of pounds of tobacco that was taken from the farm to the main country.
I could see something like this being accepted over pm's. So many #'s of wheat or corn or w/e. An hour of someone's service. Something like that.
A gallon of gas can be used to harvest crop, an oz of gold, well it looks nice, and if you have spare money, its something good to hold, but if your a peasant farmer, its not something you can really afford to own.
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"99% of all lawyers give the rest of them a bad name"
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Ant
Penny Hoarding Member
USA
894 Posts |
Posted - 10/14/2008 : 23:07:33
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I can see some form of localized community scrip coming into play and being preferred over PMs.
There is a guy, John Robb, who blogs about resilient communities, etc. He thinks this is a realistic way of coping with a financial breakdown. (I only read a couple of blogs, but this is one of them.)
You must be logged in to see this link. |
Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote
Coins are the metallic footprints of the history of nations. --William H. Woodin |
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Nickelless
Administrator
USA
5580 Posts |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 10/15/2008 : 08:08:49
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Even if in a SHTF scenario, there are going to be some people that have a surplus of something. For example: Joe apple farmer is still going to have a boat load of apples and John gun collector is still going to have a surplus of guns and ammo and Jane the cow lady is still going to have a surplus of milk. These people will be looking to unload some of their surplus for something else that they need.
If Joe wants guns, but John doesn't want apples and Jane wants apples, but Joe doesn't want milk and John wants milk, but Jane doesn't want guns, bartering is a pain. So naturally some medium of exchange arises. Silver and gold, more than any other item, through out history have served that purpose. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 10/15/2008 : 17:03:10
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One SHTF scenario where people/business might not want to take gold or silver as payment would be a deflationary depression and, like it is now, fiat money would still be the legal and the accepted means of exchange for goods and services. As long as most people still have faith in fiat money the majority won't be wanting to barter for gold and silver.
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Think positive. |
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
Posted - 10/15/2008 : 19:06:04
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Since only the oldest among us remember currency truly redeemable in gold or silver, it would take a while for pm's to become widely accepted for trade. Barter will occur, but as Horgad points out, it's terribly impracticle.
I believe there are enough of us cogent folks around that the word would get out in short order that pm's are acceptable. The problem would be in setting prices. How do people establish a standard for pm's when the standard they have always know has gone Zimbabwean?
Then there is the matter that there is simply not enough pm in small denomination in the hands of We The People to facilitate trade on anything but a minimal scale. That in and of itself will probably create a value premium for pm's.
I see vast hoards of sheeple mobbing government offices, particularly the SSI administration building in your neighborhood, demanding food....and clothing....and gasoline.....and Sony Playstations....and healthcare.... you get the picture.
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"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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wagsthadog
Penny Hoarding Member
USA
565 Posts |
Posted - 10/15/2008 : 22:01:19
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Hi all,
-Dunno where people's heads will be if SHTF, but there will ALWAYS be people who have and people who have not.
Still recommend buying PM's. Short of complete utter cannibalistic apocalypse, you'll be fine.
wags |
Only when they CAN'T have it, ......THEN they'll want it.
I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win. |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 10/15/2008 : 22:17:14
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quote:
Originally posted by Delawhere Jack
Since only the oldest among us remember currency truly redeemable in gold or silver, it would take a while for pm's to become widely accepted for trade. Barter will occur, but as Horgad points out, it's terribly impracticle.
I believe there are enough of us cogent folks around that the word would get out in short order that pm's are acceptable. The problem would be in setting prices. How do people establish a standard for pm's when the standard they have always know has gone Zimbabwean?
Then there is the matter that there is simply not enough pm in small denomination in the hands of We The People to facilitate trade on anything but a minimal scale. That in and of itself will probably create a value premium for pm's.
I see vast hoards of sheeple mobbing government offices, particularly the SSI administration building in your neighborhood, demanding food....and clothing....and gasoline.....and Sony Playstations....and healthcare.... you get the picture.
I've been trading out scrap silver for FRNs and/or 90 percent coins with several dealers, and I'd imagine there would be brisk business between dealers and refiners as TSHTF. The real issue then would be the dealers having enough FRNs on hand, but I think that dealers would be aware enough of what was going on that they would prepare accordingly with FRNs. |
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Any chance people won't take Au/Ag WTSHTF?
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