Gold Standard in Gold Storage just told all US customers to Fuck off

[Kiopa_Matt]

Gold coins are cool, but in an oh shit situation, I want small bits of gold that I can use not one big coin.

And what exactly are you planning to use them for? If the economy totally collapses, and some idiot shows up at my door waving a vial of gold flakes in front of me, I'm punching him in the nose and sicking my dogs on him.

If you guys are really that worried about a total societal collapse, then stock up on things that are at least useful and worth trading for. Fuel, ammo, lard, seeds, lumber, corrugated metal, copper wire, batteries, generators, engine parts, fertilizer, rubbing alcohol, medical supplies, etc. What's anyone supposed to do with a little vial of gold flakes?

As Andrey pointed out, gold is only useful if you have enough other resources to sustain yourself during the rough times. It's going to be no good to you during the rough times. It'll only be useful when society gets back on its feet, stable currency starts flowing again, and you can trade your gold in for it.

 

[droplister]

And what exactly are you planning to use them for? If the economy totally collapses, and some idiot shows up at my door waving a vial of gold flakes in front of me, I'm punching him in the nose and sicking my dogs on him.

If you guys are really that worried about a total societal collapse, then stock up on things that are at least useful and worth trading for. Fuel, ammo, lard, seeds, lumber, corrugated metal, copper wire, batteries, generators, engine parts, fertilizer, rubbing alcohol, medical supplies, etc. What's anyone supposed to do with a little vial of gold flakes?

As Andrey pointed out, gold is only useful if you have enough other resources to sustain yourself during the rough times. It's going to be no good to you during the rough times. It'll only be useful when society gets back on its feet, stable currency starts flowing again, and you can trade your gold in for it.

Lol, I wouldn't knock on any doors. That's dumb, bro. It would just be used in trading for luxuries with trusted people. And the point of the small nuggets is that I don't think it's smart to show up anywhere trying to trade a 1oz coin. The price of anything becomes one 1oz coin, if they know that's what you have. You can't be like, "This coin is worth hundreds of pounds of food, so I'll take hundreds of pounds of food." They be like, "You get what we give you." Leave the vial at home, and bring like 4-6 bits of gold with you for trading. Who be frontin' in this kind of world? Fo' realz.

Did you even read my whole post? I think if you only have gold and cash you fucked like Zimbabwe. But, even in that backwards ass country they have electronic scales and gold testing kits.

The ability to grow food and source raw materials and then add value to them, ie: bake bread, make lumber, is the basis of any economy and is the best bet in some kind of horror show future.

 

[yast]

You guys should go re-reading the blog of this argentinian guy.

http://www.rapidtrends.com/surving-argentinas-economic-collapse-part-1-3/

Others have already experienced such events, learn from them.

Once the SHTF the black/gray market will take no time to appear all around you.
In my country, gray markets were even accepted in the end. At first it was all about trading skills or craft products for food. Districts and towns would form their own barter markets, and created their own tickets, similar to money, that was used to trade.
This didn’t last long. Those tickets were easy to make on your home computer, there was no control and eventually people went back to paper money.

Everyone wants to buy gold! “I buy gold. Pay cash” signs are everywhere, even on TV! I can’t believe I’m that silly! I just didn’t relate it to what I read here because they deal with junk gold, like jewelry, either stolen or sold because they needed the money, not the gold coins that you guys talk about. No one pays for the true value of the stuff, so big WARNING! Sign on people that are buying gold coins. Since it is impossible to determine the true mineral percentage of gold, small shops and dealers will pay for it as regular jewelry gold. What I would do if I were you: Besides gold coins, buy a lot of small gold rings and other jewelry. They should be less expensive than gold coins, and if the SHTF bad, you won’t be losing money, selling premium quality gold coins for the price of junk gold. If I could travel back in time, I’d buy a small bag of gold rings. Small time thieves will snatch gold chains right out of your neck and sell them at these small dealers found everywhere. This is VERY common at train stations, subways and other crowded areas.


So, my advice, if you are preparing for a small economical crisis, gold coins make sense. You will keep the value of the stuff and be able to sell it for its actual cost to gold dealers or maybe other survivalists that know the true value of them. In my case, gold coins would have been an excellent investment, saving me from losing money when the local economy crashed. Even though things are bad, I can go to a bank down town and get paid for what a gold coin is truly worth, same goes for pure silver. But where I live, in my local area small time dealers will only pay you the value of junk gold, no matter what kind of gold you have. So, I’d have to say that if TSHTF bad, gold jewelry is a better trade item than gold coins.