expired575rider posted Nov 10, 2023 04:37 PM
Item 1 of 2
Item 1 of 2
expired575rider posted Nov 10, 2023 04:37 PM
Costco Members: 1 Troy Ounce Gold Bar Rand Refinery (New In Assay)
+ Free Shipping$2,000
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Serious question for the prepper-types: What makes you think anyone would be interested in your soft, shiny metal in a post-society scenario? I would think anyone actually serious about prepping for such an occasion would get much more mileage out of hording useful metals and the equipment to make use of it.
Gold had use as a medium of exchange in historical *societies*. It was used primarily in civilized nations. They may have been ancient civilizations, but they were civilizations where rates of exchange had time to standardize, there was some level of rule of law, and organized trade was ongoing. It is not like gold was the first currency or even the most widespread precious metal at times (British money is "Pounds Sterling" because they used silver until they ran out).
Why would you think it would work on an apocalyptic societal collapse? There's nothing magical about gold that makes it "work" as a currency in an unorganized world. That kind of environment is going to go back to a barter system where things of actual worth are used as the means of trade. Food, ammunition, tools, fuel, etc.
Sure, society might eventually stabilize and reorganize and it might come to view gold as an effective currency, but are you gonna make it that long? Are you planning to bet that gold is the winner? Will your hoarded gold even be worth that much? If society collapses, there will be a lot of gold out there for the taking...having a few of these bars sitting around will be nothing compared to what is sitting around in jewelry stores, institutional holdings, etc--it is not like gold goes bad or is easily destroyed...an ounce of gold could end up being worth very little.
And if society never gets that bad? Well, then your insured gold ETF is probably fine (and really, your plain old currency, property equity, and stock holdings are probably OK too) .
My orders for cancelled. due to limit.
does that limit reset or life time limit.
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