If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Telegraph)   Facing geopolitical catastrophe, the rich turn to gold bars, overlooking far safer investments like bullets and canned goods   (telegraph.co.uk) divider line 91
    More: Interesting  
•       •       •

3495 clicks; posted to Main » on 10 Jan 2009 at 6:50 AM (5 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



91 Comments   (+0 »)
   

Archived thread

First | « | 1 | 2 | » | Last | Show all
 
2009-01-10 05:46:20 AM
If it really becomes that bad, what'll get people are lack of skills. Very few people know how to garden, cook, hunt, or even do basic repairs to essentials like clothing and their homes.

I read an article in my town's paper about how a woman was in line at a food bank, and the other people in line with her couldn't get the most out of the food boxes because they didn't know simple recipes. She started emailing people all kinds of things they could make out of your standard pantry supplies and she's got over 100 people on the mailing list already. While I'm thrilled somebody is doing this, I'm equally shocked at how many people are crippled if they can't zap dinner in a microwave.
 
2009-01-10 06:07:48 AM
CayceP: If it really becomes that bad, what'll get people are lack of skills. Very few people know how to garden, cook, hunt, or even do basic repairs to essentials like clothing and their homes.

I read an article in my town's paper about how a woman was in line at a food bank, and the other people in line with her couldn't get the most out of the food boxes because they didn't know simple recipes. She started emailing people all kinds of things they could make out of your standard pantry supplies and she's got over 100 people on the mailing list already. While I'm thrilled somebody is doing this, I'm equally shocked at how many people are crippled if they can't zap dinner in a microwave.


I have friends that can barely do that. One used to eat every single meal at some sort of restaurant. He couldn't be bothered to reheat the leftovers. The most complicated thing I ever saw him cook was a frozen pizza or throwing crab legs into boiling water. Now he's on Nutrasystem so he's eating at home, but all prepack.

I'll be hunting and eating his kind when society crumbles. At least until I can filch some cows.
 
2009-01-10 06:26:28 AM
NewportBarGuy: Owning a farm is actually the best possible investment. And a fresh water pond.

I'm pretty sure with my massive stockpile of bullets, I'll own your farm in short order once things get rough. I will also turn your flesh into canned goods. NOM NOM NOM! Now if you'll excuse me I must resume my extraordinarily engrossing read of The Road by Cormac McCarthy.
 
2009-01-10 07:01:56 AM
Actually, silver is probably a better bet than gold right now.

The ratio between silver and gold is about 70:1. Historically, it's been around 16:1, with the average over the past decade around 50:1.

So if you can buy 70 ounces of silver for the same price as an ounce of gold, guess what happens when the ratio 'normalizes' even down to 50:1.

You get 20 ounces of 'free' silver! Woo hoo! I like bright shiny objects!

The only problem is finding the physical supplies. Call your local coin store and ask them if they have any one ounce silver bullion rounds.

When they get done laughing at you...
 
2009-01-10 07:04:39 AM
i42.tinypic.com
 
2009-01-10 07:06:35 AM
hmm my dad has been stockpiling, slowly but surely, gold and silver for the last few months. With added zeal, too, since he realized that buying directly from the mints Link (new window) will amount to a delay. While you get current market price on the quantity of bullion, the delivery date is schedule four months in advance. So my dad turned to ebay.

If you guys have any silver eagles or bullion, he will more than likely at least look at the auction.

/what did I get for christmas? silver bullion, ten troy ounces, or about $140.
 
2009-01-10 07:13:12 AM
I prefer stocking up on bottle caps.
 
2009-01-10 07:13:43 AM
Not too sure gold or silver will do much good if society collapses. You'll need the skills to hunt, grow food, etc on your own. Can't eat gold or silver. Not everybody can do all things, so you better have some skill that you use to barter get what you need. For example, you suck at gardening, have a hard time growing food, but you hunt well. You can trade fresh killed meat for some veggies.

Those people with no skills are going to be shiat out of luck.
 
2009-01-10 07:21:17 AM
i have planted a garden and i am building a chicken house.
chickens eat bugs and weeds from the lawn, leave about one tasty egg a day and at the end of their life make a nice mix with dumplings and curry.
much better than gold
 
2009-01-10 07:32:12 AM
In our hall closet at this moment there is a series of six backpacks.

Amongst other things, one contains two mint tubes of silver dollars, and a few gold coins.

One pack is a first aid kit so complete that you could do field surgery, including a drug reference book and a healthy supply of Vicodin.

Another pack has MREs, heaters, and emergency water packets.

One has toiletries, maps, small tool kit, sewing kit, crank flashlight, walkie-talkies, etc.

A couple backpacks are filled with BDUs, cold weather gear, and wet weather gear.

Firearms include a Thompson .45, M1 Garand, Weatherby .270, etc, etc. I grew up hunting and gardening.

45 minutes from here is the family house in the hills, very isolated, almost a private road. Lots of wildlife and land that's not in use. We have a recall roster of friends with four-wheel-drive vehicles and other qualifications.

We're not as hardcore as some, but we like to be prepared.
 
2009-01-10 07:33:58 AM
vicejay: Don't forget to stock up on seeds while you can..

Northern Lights, Blueberry, Strawberry Cough, etc, are also part of our kit. If we can't provide it ourselves, we'll barter :D
 
2009-01-10 07:34:03 AM
Eradicator, if you take his farm, then YOU'VE got to do the farming...and a gun won't really help you with planting, will it?
 
2009-01-10 07:39:18 AM
Occam's Chainsaw: CayceP: If it really becomes that bad, what'll get people are lack of skills. Very few people know how to garden, cook, hunt, or even do basic repairs to essentials like clothing and their homes.

I read an article in my town's paper about how a woman was in line at a food bank, and the other people in line with her couldn't get the most out of the food boxes because they didn't know simple recipes. She started emailing people all kinds of things they could make out of your standard pantry supplies and she's got over 100 people on the mailing list already. While I'm thrilled somebody is doing this, I'm equally shocked at how many people are crippled if they can't zap dinner in a microwave.

I have friends that can barely do that. One used to eat every single meal at some sort of restaurant. He couldn't be bothered to reheat the leftovers. The most complicated thing I ever saw him cook was a frozen pizza or throwing crab legs into boiling water. Now he's on Nutrasystem so he's eating at home, but all prepack.

I'll be hunting and eating his kind when society crumbles. At least until I can filch some cows.


I'd imagine a health nut would be more nutritious and lower in fat than someone that needs to eat out constantly. Just sayin'.
 
2009-01-10 07:39:55 AM
PunGent, that didn't stop people in South Africa.
 
2009-01-10 07:45:33 AM
PunGent
Eradicator, if you take his farm, then YOU'VE got to do the farming...and a gun won't really help you with planting, will it?

He can just use his gun to make NewportBarGuy farm for him. Or just take over another farm. Until he bumps into someone with a bigger gun.
 
2009-01-10 07:46:30 AM
Would antibiotics make valuable trade goods?
 
2009-01-10 07:46:38 AM
humandrive: PunGent, that didn't stop people in South Africa.

Are you thinking of maybe Zimbabwe?
 
2009-01-10 07:53:59 AM
Ladies:

The ability to catch , clean and cook rats sounds like a fine
qualification for a career in the 21st century.

(Now would be a good time to stock up on A-1 sauce.)
 
2009-01-10 07:54:27 AM
Tannhauser Gatekeeper: Would antibiotics make valuable trade goods?

Some of the best, assuming they're shelf stable. Painkillers would be in the running.

Luckily, I can lay hands on a permanent, renewable supply of a decent analgesic. ^_^
 
2009-01-10 07:56:39 AM
Subby... Gremlins 2?
 
2009-01-10 07:57:09 AM
I'm eagerly anticipating the moment when it dawns on these people that gold is only valuable as long as other people want some, and that intrinsically it's no more valuable than, say, paper currency.

/And in a real crisis, paper currency has one use that gold can't fill
 
2009-01-10 07:57:28 AM
jayessell: Ladies:

The ability to catch , clean and cook rats sounds like a fine
qualification for a career in the 21st century.

(Now would be a good time to stock up on A-1 sauce.)


i204.photobucket.com

IZ NOT FUD!!! IZ PET!!!
 
2009-01-10 08:03:47 AM
Tannhauser Gatekeeper: Would antibiotics make valuable trade goods?

Yes, very much so.

And, facing real widespread chaos to civilization, I'd stock up on a shelf stable form of birth control, antibiotics, reading glasses, water purification tablets, that kind of stuff, too.

And a big work dog. Because you can't face the end of the world without a big work dog.
 
2009-01-10 08:07:02 AM
CayceP: Yes, very much so.

And, facing real widespread chaos to civilization, I'd stock up on a shelf stable form of birth control, antibiotics, reading glasses, water purification tablets, that kind of stuff, too.


Occam's Chainsaw: Tannhauser Gatekeeper: Would antibiotics make valuable trade goods?

Some of the best, assuming they're shelf stable. Painkillers would be in the running.


Let's not forget resistance due to overusage. If you're going to stock up on antibiotics and such, learn something about it first and do us all a favor. 'Cause I'll gladly trade you if the time comes :D
 
2009-01-10 08:07:44 AM
how the shiat do you barter with a gold bar? Assume for the moment that the worst has happened and you need a tank of gas or a pound of seeds. Do you offer the people some shavings from the brick?

Gold rounds and silver rounds (as has already been mentioned)
 
2009-01-10 08:11:41 AM
Mayhem of the Black Underclass: how the shiat do you barter with a gold bar? Assume for the moment that the worst has happened and you need a tank of gas or a pound of seeds. Do you offer the people some shavings from the brick?

Gold rounds and silver rounds (as has already been mentioned)


For small change, you use chain links. That's why a lot of people wore their wealth in the middle ages - never know when you're going to have to go on the lam.
 
2009-01-10 08:11:41 AM
Malinki: In our hall closet at this moment there is a series of six backpacks.

Amongst other things, one contains two mint tubes of silver dollars, and a few gold coins.

One pack is a first aid kit so complete that you could do field surgery, including a drug reference book and a healthy supply of Vicodin.

Another pack has MREs, heaters, and emergency water packets.

One has toiletries, maps, small tool kit, sewing kit, crank flashlight, walkie-talkies, etc.

A couple backpacks are filled with BDUs, cold weather gear, and wet weather gear.

Firearms include a Thompson .45, M1 Garand, Weatherby .270, etc, etc. I grew up hunting and gardening.

45 minutes from here is the family house in the hills, very isolated, almost a private road. Lots of wildlife and land that's not in use. We have a recall roster of friends with four-wheel-drive vehicles and other qualifications.


It sounds like a plan but I gotta say, I know a fella who lives in a log cabin he built on a mountain, he has fresh water, a garden, guns, knows how to can and has every survival item under the sun. He been out there for over ten years.

He wouldn't last one winter without his weekly town run.

This temporary turmoil in the world is just being used to start WW3 and reduce the earths population by 2/3rds, usher in the New World Order and establish a world currency and slavery system minus a middle class. Things will be better in a few long years.
 
2009-01-10 08:12:43 AM
Paranoia rocks.
 
2009-01-10 08:17:03 AM
sparkmysmeg: Malinki: ...

It sounds like a plan but I gotta say, I know a fella who lives in a log cabin he built on a mountain, he has fresh water, a garden, guns, knows how to can and has every survival item under the sun. He been out there for over ten years.

He wouldn't last one winter without his weekly town run.

This temporary turmoil in the world is just being used to start WW3 and reduce the earths population by 2/3rds, usher in the New World Order and establish a world currency and slavery system minus a middle class. Things will be better in a few long years.


Exactly right. It's a plan, but one that's assuming something less than total society collapse. If that happens, then yeah, the vast majority, even those 'prepared', are screwed.
 
2009-01-10 08:20:47 AM
CayceP: If it really becomes that bad, what'll get people are lack of skills. Very few people know how to garden, cook, hunt, or even do basic repairs to essentials like clothing and their homes.

That's because those skills are unnecessary in modern society outside of nerds' post-apocalyptic masturbatory fantasies where they lead a group of ragtag survivors in an epic quest across a ravaged countryside doing god knows what all while surviving through their skill, foresight, and ingenuity.
 
2009-01-10 08:37:55 AM
Hoe Muffin: PunGent
Eradicator, if you take his farm, then YOU'VE got to do the farming...and a gun won't really help you with planting, will it?

He can just use his gun to make NewportBarGuy farm for him. Or just take over another farm. Until he bumps into someone with a bigger gun.


And here I thought buying bullets and guns were to protect you and yours.

Takes you jokers about 3 heartbeats to turn to villainy.
 
2009-01-10 08:41:24 AM
Forget society collapsing, I started buying ounces of gold just a few years ago at right around $400 per. I don't think there could have been a better investment.
 
2009-01-10 08:46:24 AM
downtownkid: Forget society collapsing, I started buying ounces of gold just a few years ago at right around $400 per. I don't think there could have been a better investment.

No one cares because you are still a moran.
 
2009-01-10 08:47:37 AM
It ain't gonna happen. But, just in case, I'm buying a still :-)
 
2009-01-10 08:54:46 AM
Guy at work says he bought a freezer and is stocking up on frozen food.
It is a strange combination of pessimism and optimism.
 
2009-01-10 08:56:48 AM
Brown Sauce

I hate those commercials more than the "Do you have a loved one that suffers from Insert incurable disease? Well you should call 1-800-GREEDY LAWYERS NOW to discuss a settlement option." commercials.

I wonder how much they make off of stupid people sending in their junk jewelry.
 
2009-01-10 08:56:52 AM
I have a fresh water spring coming out of the old uranium mine behind my house. That water is so cold and good. You wouldn't believe it.
 
2009-01-10 09:10:54 AM
Let's say we stop short of total societal collapse. Hunting, gardening, sewing, and repair skills are still a good idea.

Because while I don't expect the zombies to come stumbling down my driveway any time soon, we are undoubtedly facing a lean year or two, and it is not unrealistic to think that store shelves will not be a chock full o' goodness as we all are used to. Should gas shoot back up in this hellish economy, the trucking industry will be crippled. More than they are, I mean. And if you don't live near a farm with a market, your back yard is going to be your best bet for fresh things.

Repairing your clothes will save you money. Likewise, being able to perform basic home/car repairs.

Self sufficiency- not just for the apocalypse anymore.
 
2009-01-10 09:14:32 AM
thermodie: I have a fresh water spring coming out of the old uranium mine behind my house. That water is so cold and good. You wouldn't believe it.

I lolled.
 
2009-01-10 09:15:19 AM
i hope the bankers are happy with their selves...
 
2009-01-10 09:15:48 AM
Gold for the rich is not all about the doomerism.

Consider Bernie Madoff. A thousand or so Krugerrands, anonymously bought and buried in a vault in Thailand or Argentina or the Ozarks, and he could have simply disappeared. Too prideful to do it, I guess?

Or, consider people who had invested with Madoff and made off. Lawyers smell blood. If they had held a million or so in stashed Sovereigns, they could play dumb and say "I don't have any money... blood from a turnip".

I'm not certain how valuable gold will be in Mad Max-land. But, it could be real useful to the rich in a less than end-of-the-world scenario.
 
2009-01-10 09:23:54 AM
Schmapple: i hope the bankers are happy with their selves...

I hope your English teacher is happy, too.
 
2009-01-10 09:24:28 AM
thermodie: I have a fresh water spring coming out of the old uranium mine behind my house. That water is so cold and good. You wouldn't believe it.

216.231.173.166

upload.wikimedia.org

History shows again and again.....
 
2009-01-10 09:26:40 AM
You know who else liked gold bars

news.bbc.co.uk
 
2009-01-10 09:45:06 AM
Gold bars are so 20th century. The real value's in these babies:

kara.allthingsd.com

Or the Pawtucket Patriot equivalent.
 
2009-01-10 09:51:22 AM
I'm not rich but i have gold bars bullets and canned goods.
 
2009-01-10 09:54:25 AM
If society really collapses, the last thing I'm going to want is a hunk of useless metal.

/ canned food and bullets FTW
 
2009-01-10 10:08:23 AM
Jesus Christ, there isn't going to be a massive global collapse of society and civilization. Calm down.
 
2009-01-10 10:17:25 AM
adamgreeney: If society really collapses, the last thing I'm going to want is a hunk of useless metal.

/ canned food and bullets FTW


No, you will want lots of hunks of metal, and the knowledge on how to burn it down, re-cast it, forge it, hammer it...

there is a reason a long time ago blacksmiths were one step down from nobility and few would ever kill or mess with them.
 
2009-01-10 10:19:04 AM
JaMorg: adamgreeney: If society really collapses, the last thing I'm going to want is a hunk of useless metal.

/ canned food and bullets FTW

No, you will want lots of hunks of metal, and the knowledge on how to burn it down, re-cast it, forge it, hammer it...

there is a reason a long time ago blacksmiths were one step down from nobility and few would ever kill or mess with them.


I'll want lots of useful chunks of metal. Gold is good for nothing at all. Do people really think that when we are struggling to survive we'll want a pretty rock over food?
 
Displayed 50 of 91 comments

First | « | 1 | 2 | » | Last | Show all



This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »






Report