Equipped To Survive Equipped To Survive® Presents
The Survival Forum™
Where do you want to go on ETS?

You are not logged in. [Log In] ETS Forums » Forums » The Survival Forum » Around The Campfire » The price of gold
Register User    Portal Page     Forum List        Calendar     Active Topics     FAQ
Page 2 of 2 < 1 2
Topic Options
#302525 - 10/17/24 02:39 PM Re: The price of gold [Re: brandtb]
Herman30 Offline
Addict

Registered: 08/08/06
Posts: 508
Loc: Finland
@Chisel is the wise one here. A well stocked pantry is more valuable and usefull than 1000 pound of gold in an emergency.

Top
#302526 - 10/18/24 02:05 PM Re: The price of gold [Re: Chisel]
Jeanette_Isabelle Offline
Carpal Tunnel

Registered: 11/13/06
Posts: 2986
Loc: Nacogdoches, Texas
Originally Posted By: Chisel
My philosophy is to buy stuff that we WILL need in an emergency (short or extended). So, we have a well-stocked pantry. Last year, I built a brick fireplace in the backyard with spaces underneath, filled with coal and other fire-cooking stuff. Also added more water tanks and more storage cabinets. I believe if we had to stay put (bug-in, as in Covid scenario) we will not suffer much.

INHO, this is more reasonable that buying gold. YMMV

The key is to diversify. We can't predict everything we might need in the future. For instance, if you need a tank of gas, an attendant may be more inclined to accept silver as payment than a loaf of bread.

Jeanette Isabelle
_________________________
I'm not sure whose twisted idea it was to put hundreds of adolescents in underfunded schools run by people whose dreams were crushed years ago, but I admire the sadism. -- Wednesday Adams, Wednesday

Top
#302528 - 10/20/24 11:51 PM Re: The price of gold [Re: brandtb]
dougwalkabout Offline
Crazy Canuck
Carpal Tunnel

Registered: 02/03/07
Posts: 3240
Loc: Alberta, Canada
Originally Posted By: brandtb
You can't eat your home fire insurance policy, either. Gold is a financial hedge, not a survival supply.

Ah! I misunderstood. I understand it is possible to trade in gold without taking actual possession. If you time it right (good luck or foresight) you can use it as a pendulum to temper the shocks of the investment market and currencies that seem to be based on faith and fumes.

Top
Page 2 of 2 < 1 2



Moderator:  Alan_Romania, Blast, chaosmagnet, cliff 
November
Su M Tu W Th F Sa
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
Who's Online
0 registered (), 374 Guests and 11 Spiders online.
Key: Admin, Global Mod, Mod
Newest Members
Aaron_Guinn, israfaceVity, Explorer9, GallenR, Jeebo
5370 Registered Users
Newest Posts
Leather Work Gloves
by dougwalkabout
11/16/24 05:28 PM
Satellite texting via iPhone, 911 via Pixel
by Ren
11/05/24 03:30 PM
Emergency Toilets for Obese People
by adam2
11/04/24 06:59 PM
For your Halloween enjoyment
by brandtb
10/31/24 01:29 PM
Chronic Wasting Disease, How are people dealing?
by clearwater
10/30/24 05:41 PM
Things I Have Learned About Generators
by roberttheiii
10/29/24 07:32 PM
Gift ideas for a fire station?
by brandtb
10/27/24 12:35 AM
Newest Images
Tiny knife / wrench
Handmade knives
2"x2" Glass Signal Mirror, Retroreflective Mesh
Trade School Tool Kit
My Pocket Kit
Glossary
Test
Contact Forum Administrator · Return to Equipped To Survive® Home Page · Top

WARNING & DISCLAIMER: SELECT AND USE OUTDOORS AND SURVIVAL EQUIPMENT, SUPPLIES AND TECHNIQUES AT YOUR OWN RISK. Information posted on this forum is not reviewed for accuracy and may not be reliable, use at your own risk. Please review the full WARNING & DISCLAIMER about information on this site.