(5 December 2012, 13:49)BDG Wrote: The idea that gold and silver will save you is absurd as having a load of rice and beans. The only thing that is going to be of any use is having some land now that you can hold onto in the future.
As for inflation and the price of gold, gold is only expensive because people want it. I look forward to selling you a potato for an ounce of gold and a lot of your tears.
Edit: and having knowledge and skills - you will not be able to develop them once their need is vital.
Sorry mate, but we have a total agreement here...except looking forward to your stud transaction haha.
Precious metals are only a hedge against inflation. When inflation increases, people's desire for precious metals increases. When it gets to a certain level.....sell the precious metals and use the money to buy stuff....like your potatos.....or land, or to pay down mortgage/rent/bills.
I hate the perspective of either-or. I think it's the biggest blinder on earth! If I have precious metals, what's to say that I don't also have land? However, having just land is as insane as having just precious metals!!! You can't pay taxes with handfuls of dirt or potatos. Like the precious metals, they are to be used as a transaction system, which is used to pay things like taxes, etc.
A tin of beans won't pay your bills. An ounce of gold doesn't taste nice. But used properly, both are useful. Beans to eat, gold to increase in value and then exchange for cash to pay bills. Same as land alone is useless. You need seeds to sow and the alike.
Saying about having land you can hold onto in the future is only something you can hold onto, if you can pay land taxes. Guess where precious metals come into the system........? Land alone is useless without seeds, and the financial ability to pay the taxes levied on that land by TPTB. However, ALL land can be reclaimed by royal declaration.
Investing in land is wise. Investing in precious metals is wise. Investing in food is wise. [add infinitum].
The idea that having precious metals means you can't develop skills, knowledge, experience, and the alike, is just ridiculous!!! Same with having one means you can't have another. You can own land, and have precious metals, and own your own home, and learn skills, and farm, and grow produce, and collect water, and sell a potato for an ounce of gold and a load of tears (potato's will never cost as much as gold!!! But it's a cute idea).
It's like a previous discussion I had about health and fitness. People were saying that health and fitness won't keep me alive and they'd be going around all stealth, which would keep them alive. Who says being fit and healthy means you can't also be stealth? HAHA, it's an absurd thought, right?
Why can't you have your cake and eat it? That's the kind of mentality that suggests a lack of imagination. I can be healthy, stealthy, wealthy, country-farmy, and happy.
I'll sell you some chillies to flavour your potato's if you'd like? WHAT? Don't you want chillies in exchange? WHAT?!?!? You'd rather have money that you can use to pay your taxes/bills/rent/mortgage?!?!?! Of course I can buy those from you. I'll just exchange this ounce of precious metal for money, and use that to buy those spuds off you.
It works both ways.
SD always says about prepping for all things. It's about being squared away. I prep to be ready for a lack of food, water, money, health, and the rest of what I can deal with. Does that mean having land? Yes. Does it mean access to water? Yes. Does it mean a buffer of food? Yes. Does it mean a buffer of money? Yes. The money bit is where precious metals comes into play.
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