Originally Posted By: AROTC
I also don't see that a small, let me make that clear, small supply of precious metal or something else that concentrates lots of value into a small and universally accepted form is a bad idea. For something truly important, a life or limb saving antibiotic for instance, run of the mill items will not be enough to sway a person.

Likewise, ten tenth ounce Krugerrands would be a way to carry a substantial amount of wealth in an easily transported and concealed form. For people who say gold or silver will be worthless after a large scale disaster I say BS. In the worst circumstances of history gold has proven to continue to be coveted by most, though admittedly not all, people. War zones are one example. I'm not saying everyone should go out and buy Krugerrands to sell in a disaster, but I wouldn't discount the idea to rapidly.



I completely agree. It is possible, and has happened in the past, that a nation's currency becomes totally worthless. Stocks and bonds are merely pieces of paper that are only worth what someone else will pay for them. Precious metals may not be great long-term investments, and they may not be worth much in the midst of social chaos and upheaval. But, the value of gold, silver, copper, etc. WILL survive! Eventually when the disaster is over and some sort of order emerges, gold and silver will still retain some value while your mutual fund may have long ago disappeared into smoke. I doubt your silver dollars are going to do you much good five days after a hurricane or major earthquake. But, in the event of a long-term depression or economic collapse (brought about by whatever reason) the intrinsic value of gold and silver will remain as a means of holding and transferring economic value.