I've got friends who started buying gold and silver 10 years ago. They are as adamant as JP Morgan, who said, "Gold is money. Nothing else."
I watched the "gold rush" in the 80's, when my friends were in a panic, 'getting in' on the gold rush then, buying Krugerrands left and right, bragging about their rapidly increasing wealth, rubbing it into the faces of those who weren't 'smart enough' to get in on the Gold Rush. Three years later I lost a friend when the price of gold had dropped into the basement, and I teasingly asked, "So, Ken, how's yer Krugerrands?" Ouch. It was wrong, even mean, but it still was fun.
I have friends who are buying silver bars, small ones, two a week, standing order, comes right out of their paychecks. They have stashes of them everywhere. They buy the small ones because, they say, they want to be able to buy groceries and have the grocer able to make change - or, if he can't, at least they won't lose much. Friends who are buying jewels, stashing them away, in ornate settings of gold. They believe the combination will help save them, too. I won't even respect the people who are buying worthless scraps of paper; "gold certificates". Sure, they are increasing in value right along with the gold - for now. But what were greenbacks, the old 'In God We Trust" dollars, but once-upon-a-time gold certificates? Who is going to make the ultimate decision as to whether or not they are valuable or worthless? Not the folks buying them.
Maybe it's the Irish in me. I just don't get it. Know what I believe in? Food. The ability to raise one's own from seed, from chicks, from heifers and sows and nannies. Say you've got a gold or silver bar. Say I've got a chicken yard. You're hungry. I'm not. Can you eat that gold bar or Krugerrand or necklace? Nope. Can you trade me? Yup - but I set the price. Law of supply and demand. If I don't want to trade, I'll still eat. And because I know how to preserve food, I can eat in the dead of winter right thru til the next harvest, the next birthing, the next hatching. If you sit on your gold and silver, what will happen to it? Will it hatch out tiny gold bars? If you keep it in a nice barn or pasture, will it give birth to cute little baby toe-rings?
I will of course have bills to pay, so I will be able to trade the necessities of life for the necessities of life. But gold? Silver? that's for people who can't produce. Of course, that's just my Irish coming thru.
What if gold and silver become illegal to have and hold again? Do you think the same could happen to gardeners or animal husbanders? Yes, I realize many local governments have made it illegal to have a garden or a chicken, much less a cow or pig, in their jurisdictions. But as long as one is deep in the country, and gets grandfathered in, getting one's productivity banned is far less likely than having one's gold or silver confiscated.
More - not too many folks will steal something that they have to work to make produce - but they will steal gold and silver. What will happen to my friend with the storage unit full of silver bars, or the one with the safe full of jewelry? What will happen when they take out these things and try to use them?
No, if they really believe that things will get that bad, then they have to know that whenever you have more than everyone else, then everyone else will want to take it away from you. Flashing gold or silver around a supermarket full of struggling folks - maybe not a good idea.
See, that's the thing we have forgotten most in our service-economy mindset - when people need things, they don't look to the drones, the salespeople, the middleman, or the guy with the most gold - they look to the producers. Maybe that's why corporations are buying up ranches and farms out West. You might want to think about that. Which folks are going to be the producers, and which the drones who need?
"Silver and gold
silver and gold
Mean so much more when I see
Silver and gold decorations
on every Christmas tree." (with apologies to Burl Ives for my lousy voice)
Pretty, and bottom line pretty useless, if you ask me.
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Funny thing is I had a conversation similar to this with a few my friends and in my apocalypse class. I totally agree with you, when it comes down to it monetary items regardless if it is greenbacks, gold, silver or anything used to represent medium of exchange(legal tender) does not mean a "hill of beans" by days end. A lot of children at my college come from affluent families who shell out money just because it happens to be a Wednesday but the majority of these children could not function properly without their money. Majority of them cannot cook or even fix a flat tire, so when the time comes while you sit there on the side of the road looking like a fool. I on the other hand will be going to my destination. Or as you put it, they starve and I will thrive.
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