debian wrote to all <=-

I don't forsee gold or silver replacing the dollar/credit, even in a
mad max situation. It seems allot of these gold and silver advocates
think that these will replace the nations currency when all goes down.

I see silver having a place in a time when the dollar's trust is lowered, or when cash is restrained, either through economic or electronic issues.

Having a stash of ounce silver coins would be a good amount for bartering
for goods when cash is either doubted or unavailable.

Diversifying and having different currencies isn't a bad idea, though.
It may come to a point where one currency may have more buying power
than another? Having a cash reserve on hand will be more helpful than having a frozen credit card.

I've been looking into index funds based on international stocks - having a Canadian, European or Asian index fund in your portfolio would be a nice hedge.


... Define an area as 'safe' and use it as an anchor
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On 08 Nov 2022, poindexter FORTRAN said the following...

debian wrote to all <=-

I don't forsee gold or silver replacing the dollar/credit, even in a mad max situation. It seems allot of these gold and silver advocates think that these will replace the nations currency when all goes down

I see silver having a place in a time when the dollar's trust is
lowered, or when cash is restrained, either through economic or electronic issues.

Having a stash of ounce silver coins would be a good amount for
bartering for goods when cash is either doubted or unavailable.

Agree - as when intangibles (fiat currency, debt tools) become less trustworthy, tangibles become more useful.

Diversifying and having different currencies isn't a bad idea, though It may come to a point where one currency may have more buying power than another? Having a cash reserve on hand will be more helpful than having a frozen credit card.

I've been looking into index funds based on international stocks -
having a Canadian, European or Asian index fund in your portfolio would be a nice hedge.

Diversification is nice, but also substitutes a "suspended risk" of dealing in paper assets in distanct marketplaces where recourse and trust are reduced.

If you recognize that you are taking on more risk and that extra risk fits well in your risk tollerance and saturation position, not a bad idea in a steady state situation.

If things get dicey your hold on these assets likely will be affected.

Do not think distance proxy assets are robust enough and low risk enough to be useful when the chips are down.

--- Steve K9ZW via SPOT BBS

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Re: Re: Gold and Silver
By: k9zw to poindexter FORTRAN on Thu Nov 10 2022 11:35 am

Do not think distance proxy assets are robust enough and low risk enough to be useful when the chips are down.

Definitely not SHTF-resistant, but a nice hedge against currency issues.
--- SBBSecho 3.15-Win32
* Origin: realitycheckBBS.org -- information is power. (700:100/20)

On 10 Nov 2022, poindexter FORTRAN said the following...

Re: Re: Gold and Silver
By: k9zw to poindexter FORTRAN on Thu Nov 10 2022 11:35 am

Do not think distance proxy assets are robust enough and low risk enou be useful when the chips are down.

Definitely not SHTF-resistant, but a nice hedge against currency issues.

One must remember that the risk and volitility exposure of foreign investments typically include currency-exchange exposure.

Personally have the Tee-Shirt on how that can not work out so well.

--- Steve K9ZW via SPOT BBS

--- Mystic BBS v1.12 A48 2022/07/15 (Linux/64)
* Origin: SPOT BBS / k9zw (700:100/69)