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- - Why are PM's good for survival? (http://goldismoney.info/forums/showthread.php?t=122021)

Clay | 03-27-2007 06:32 PM
Why are PM's good for survival? I know this sounds like a simple question that has been asked a million times, but I searched and found nothing. Can some one help me out?

REV127 | 03-27-2007 06:52 PM
Re: Why are PM's good for survival? PM's are a sollution to particular problems, not a blanket sollution to all problems. They are mostly handy for wealth preservation. Gold is uniquely suitable as money because it is impossible to counterfeit thanks to its high density and other unique properties. Silver has additional practical survival uses such as helping purify water sources, creating reflective surfaces and medicinal applications. This is kind of like having supplies of shelf stable foods. It isn't really a viable longterm strategy but it can help you bridge the gap between periods of no food and food production. Similarly PM's can preserve your wealth across periods of economic instability. Either way you'd do well to be able to grow your own food and earn money somehow. Stores are stores, renewable sources are another thing entirely.

RealJack | 03-27-2007 10:19 PM
Re: Why are PM's good for survival? The Japanese art of Ninjitsu was most known for their use of the throwing star (shuriken). They were masters of concealment and deception, so a hidden weapon and a quick release killing tool such as the throwing star was ideal. One ounce coin bullion could easily be filed around the edges to make throwing stars in a pinch. Think of the damage you could cause winging a pocket full of silver eagles at a pack of suburban zombies. :bear_whistle:

damoc | 03-27-2007 10:57 PM
Re: Why are PM's good for survival? Quote:
Originally Posted by RealJack (Post 553290) The Japanese art of Ninjitsu was most known for their use of the throwing star (shuriken). They were masters of concealment and deception, so a hidden weapon and a quick release killing tool such as the throwing star was ideal. One ounce coin bullion could easily be filed around the edges to make throwing stars in a pinch. Think of the damage you could cause winging a pocket full of silver eagles at a pack of suburban zombies. :bear_whistle:
The american fad of ninjitsu was mostly known for hollywood nonsense.

damoc | 03-27-2007 11:03 PM
Re: Why are PM's good for survival? have a little silver for trade and inflation protection but put most faith in comodity barter.

Infidel | 03-27-2007 11:10 PM
Re: Why are PM's good for survival? if you put 10 gold eagles in a sock and then put that inside another sock... that will make an ok blackjack

Clay | 03-27-2007 11:52 PM
Re: Why are PM's good for survival? Thanks for the link. That helps a bit.

melbo | 03-27-2007 11:57 PM
Re: Why are PM's good for survival? A lot of people like to point out "PMs? You can't eat them". I look at it this way. If I am totally stocked and need nothing at all from anyone, and you need something I have, what do you have that will intrest me in trading with you? I don't want your puppy or old fshing pole. Those who have everything will set the medium of trade because they want that for trade. I don't see a TEOTWAWKI as something that will last forever and I will want PMs in trade for the upside. If 2 folks who have nothing want to trade lice for rotten bacon, good for them. I'll be wanting something I value for trade in my goods.

REV127 | 03-28-2007 01:08 AM
Re: Why are PM's good for survival? Quote:
Originally Posted by melbo (Post 553358) A lot of people like to point out "PMs? You can't eat them". I look at it this way. If I am totally stocked and need nothing at all from anyone, and you need something I have, what do you have that will intrest me in trading with you? I don't want your puppy or old fshing pole. Those who have everything will set the medium of trade because they want that for trade. I don't see a TEOTWAWKI as something that will last forever and I will want PMs in trade for the upside. If 2 folks who have nothing want to trade lice for rotten bacon, good for them. I'll be wanting something I value for trade in my goods.
I'll give you a Mercury dime for a tablespoon of lice, straight up. :beer: The "You can't eat them" argument is so weak. You can't eat bullets, either. Likewise you can't drink beans or shoot freeze dried porkchops out your rifle. You need the right tool for the job.

ForeverInDebt | 03-28-2007 01:16 AM
Re: Why are PM's good for survival? Quote:
Originally Posted by REV127 (Post 553385) Likewise you can't drink beans or shoot freeze dried porkchops out your rifle.
:rofl: :rofl: :rofl: :rofl:

Infidel | 03-28-2007 01:25 AM
Re: Why are PM's good for survival? Quote:
Originally Posted by REV127 (Post 553385) Likewise you can't drink beans or shoot freeze dried porkchops out your rifle. You need the right tool for the job.
http://hamcannon.ytmnd.com/ I have no comments

REV127 | 03-28-2007 01:55 AM
Re: Why are PM's good for survival? Quote:
Originally Posted by Sukhoi_fan (Post 553389) Are you talkin' dead lice or live lice?
I will pay an additional war nickel for live, breeding quality lice. Quote:
http://hamcannon.ytmnd.com/ I have no comments
Oh.... wow... I have been so wrong in all my basic assumptions about survival weapons. Who needs an AK? Those pigs are re-loadable!

____hoot____ | 03-28-2007 02:22 AM
Re: Why are PM's good for survival? Oh Gee, and I was going to just say something sensible like; that a Berliner could buy a whole city block with a ounce gold coin after their paper currency went south in the 1920's.

Krugerrand | 03-28-2007 04:31 AM
Re: Why are PM's good for survival? Quote:
Originally Posted by melbo (Post 553358) If 2 folks who have nothing want to trade lice for rotten bacon, good for them.
:haha: :haha: :haha:

TheSimpleton | 03-28-2007 07:08 AM
Re: Why are PM's good for survival? Suppose you've got a farm, shelf goods, petrol, and a truck. You have monetary gyrations, either/or deflation such that there's no work that pays and no goods that are worth much, or inflation such that a cup of RRRice costs $100,000. That's not a joke--in the last months of Weimar, an entire life insurance policy wasn't worth a postage stamp. But you're prepared, the money doesn't matter. Ooops, except for your tax bill--you sold the petrol and truck and still lost the farm and are out on the street despite your preparations. What will you do for taxes when you're unemployed for 3 years? Or when your tax bill is $2,000,000.00 a year? Gold and silver tend to maintain their relative values during monetary gyrations. That's why they call them an "anchor' but it might better be called a "sea anchor". Savings in other forms may be at risk depending on conditions that can occur quite suddenly. Rice and bullets still have value but they take up a lot of space and you'd need to sell them to someone with--money--to pay your lawyer or tax bill. History has shown gold and silver--so far, meaning 250 generations--have been the best commodity to hold your value in. --But bullets have only been around 25 generations, who knows? Maybe we'll see something new this time. TS

GoldWampum | 03-28-2007 07:17 AM
Re: Why are PM's good for survival? Quote:
Originally Posted by Sukhoi_fan (Post 553389) Are you talkin' dead lice or live lice?
fly lice. :D

mayhem | 03-28-2007 10:58 AM
Re: Why are PM's good for survival? quote TheSimpleton, Ooops, except for your tax bill--you sold the petrol and truck and still lost the farm and are out on the street despite your preparations. What will you do for taxes when you're unemployed for 3 years? Or when your tax bill is $2,000,000.00 a year? Valid point. The city folk would probably have to give up and become homeless for not paying taxes. I don�t think that the rural folks like Rev, TNAndy myself are going away that easily. The thirty�s generation were much less educated in what a screwing they were getting from TPTB. I don�t think that the tax collector will be very welcome on my property. With that said, the bottom line is �You only Own what you can defend�. M

Clay | 03-28-2007 06:38 PM
Re: Why are PM's good for survival? So should you even buy PM's if you don't have "everything" or is it better to buy as you go and have it be part of rounded preps.

REV127 | 03-28-2007 06:46 PM
Re: Why are PM's good for survival? Once you have a gun, food, water and a fire extinguisher the next most likely thing to take you down is taxes and bills. Savings are a priority and PM's are the safest form of savings right now. You definately want to take a rounded approach, especially if you're just now getting on board with this whole survivalism thing. I would tend to go cheap on food, instead of buying the fancy prepackaged storage stuff I'd look at bags of rice and beans and some Spam to flavor it up and add protein. I'd buy an effective but inexpensive weapon for defense rather than the high price tag uber-tactical AR or M1A rig. If you can't have enough savings to protect yourself from the taxman and bill collectors, at least have enough to buy yourself some food and maybe shelter after they foreclose on your life. Essentially I'd want the bare bones right now and work up to better stuff later if time permits. I see things turning sour pretty shortly now. I think the two biggest threats will be violence and loss of work.

keehah | 03-28-2007 07:18 PM
Re: Why are PM's good for survival? Why are PM's good for survival? Because an aspect of survival is wealth protection and preservation.

Tn...Andy | 03-28-2007 08:02 PM
Re: Why are PM's good for survival? Quote:
Originally Posted by mayhem (Post 553724) quote TheSimpleton, Ooops, except for your tax bill--you sold the petrol and truck and still lost the farm and are out on the street despite your preparations. What will you do for taxes when you're unemployed for 3 years? Or when your tax bill is $2,000,000.00 a year? Valid point. The city folk would probably have to give up and become homeless for not paying taxes. I don’t think that the rural folks like Rev, TNAndy myself are going away that easily. The thirty’s generation were much less educated in what a screwing they were getting from TPTB. I don’t think that the tax collector will be very welcome on my property. With that said, the bottom line is “You only Own what you can defend”. M
Oddly enough, that loss of my place to property taxes is EXACTLY what brought me to PMs in the first place......and eventually to my home away from home...GIM. One of three things is going to happen: The world is going to keep muddling along about the way it is now, PM's will somewhat keep pace with inflation, and maybe silver will rocket one day when the COMEX finally defaults like the LME did on nickel recently. THIS is the best thing that could happen, IMHO and I sincerely hope it does. My PM's will help me "survive" old age in some security. OR The world is going to go to crap IN SOME MANNER. It could be: A total collapse of civilization due to war, a virus, a comet hitting earth, who the heck knows.....but in any case, PM's won't do you a lot of good for LONG time after I'm thinking.....survival is going to mean water, food, shelter, defense, fuel, etc.....and I have always, 100% of the time, said "GET THIS IN ORDER BEFORE YOU EVER BUY THE FIRST HUNK OF SILVER OR GOLD".....because you are going to USE most of this stuff anyway, whether the world ends or not.....so just buy it ahead of time, and have the insurance.....duhhh....is this so hard to understand ????? OR It could be a PARTIAL collapse of society.....like the Great Depression ( which wasn't all that Great for many ), which we are overdue for, if you believe that such events are cycles in history. This could take the form of a deflationary depression ( like the last one ) where fiat money simply becomes scarce....or it could take the form of an inflationary collapse like 1920-22 Wiemar Germany, where fiat money becomes worthless in a big hurry........or it could take the form of lots of OTHER fiat currencies hold their value and JUST the US 'dollar' goes rapidly in the toilet because the world dumps our debt on the market, collapsing the buck overnight. Precious metals are gonna be REAL handy for survival in about any of those situations....because the root problem of all of them is THE PRINTING OF FIAT MONEY and the world will be looking for REAL MONEY, which PMs are. SO, in 2 out of 3 possible situations I laid out, PM's are going to be a handy item to own. But if you think civilization is going to collapse to the point the few that are left are going to be living in caves and eating grubs for food, then I 'probably' wouldn't buy PMs.......as you will likely be long dead before civilization ever comes back to the point of commerce again. Personally, I don't ever see it getting THAT bad.....but I have been wrong at least once that I can remember......it was years ago, and I don't even recall the details..... :D

Kahlil Gibran | 03-28-2007 09:23 PM
Re: Why are PM's good for survival? They didn't have all these NUKES in the olden days. It took us four years to get to Berlin in 1945. Today we could literally be inhaling Moscow overnight. As for the Great Depression...those people were real Families, strong, healthy, basically hard-working and honest. We ain't them no more. Ford and General Motors are just two examples of America 2007. :smile: we were better in 1935 then now.

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