For all the "we are going to be bartering silver/gold for basic food items" people, I have a question for you: Since the bulk of quantitative easing, deficit spending (stimulus), and slashing of interest rates is rapidly being tapered, what makes you think that the U.S. dollar is going to collapse? Did you notice that over the period that all of these dollar-weakening activities actually resulted in a stronger U.S. dollar relative to the Euro while they were taking place? I will be the first to agree that the U.S. economy and debt load is in a pretty bad situation.
The thing that I think a lot of you are missing is that we are a part of a world economy. The fact remains that even though the economic picture in the U.S. looked pretty poor during the recession, the U.S. financial situation is still stronger compared to the financial situation of almost any other economy in the world. It's all relative. Which economy do you see as being better positioned than that of the U.S.? Clearly, it isn't in Europe. Asia isn't looking so hot either. The rest of North America? South America? I'm just not seeing it. Most others aren't seeing it either and that is why you see the price of gold and silver pulling back. The truth is that if the U.S. dollar collapses that means that the rest of the world's currencies are going to collapse at the same time and that is an impossibility relative to everything that is known about basic economic principles. If all the world economies did collapse, you would have bigger problems to worry about than having enough silver to buy eggs and milk. I know the fear-mongering is good for commodity prices, but you guys just aren't living in reality.
I could not agree with you more Fish on! it amazes me that people think if our economy completely collapses their horde of silver or guns is going to make them the Alphas... Ill just keep selling it for ridiculous prices to these people and taking the money they claim is no good and paying for my wonderful life!
I am definitely am not the smartest tool in the shed, I have said that many times, but it is pretty evident that we (The US) have sunk our selves into a debt that can NEVER be paid back, simple economics tells you that it is inevitably a matter of time for before our our credit runs out, then what?
I won't go into a long drawn out explanation of why having guns may or will be important in the future ( you'll know when someone is trying to kick your door in to steal food or commit rape in your house hold), it has nothing to do with being the "Alpha", but simple protection of me and my family, and I can go shoot something to eat if need be.
Silver, no, this will not immediately help to get food or other things ( ammo will), but when the dust settles and some kind of trade or barter system comes back into play ( later on) Silver and other PM's will have a value, and guess what, those that managed to keep hold of theirs will have some wealth when things straighten out and be ahead of the game.
I honestly don't think I will see this in my life time ( I really hope not), but if it does happen, yes, having guns, ammo, and Silver are going to put me head of the game some what. This is just my opinion, it is not worth much, but it's what I stack guns and Silver for, and other reasons that were mentioned by other members on here. HH, Maverick.
