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Thread: Dollar Died

  1. #1

    Dollar Died

    Hi,

    I know that this is fiction but what is the chances of something like this happening?



    This makes me wonder if I should buy gold, silver and copper. Do any of you here invest in Bullion? I am thinking about buying some.

    Sami
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  2. #2
    If the top 1 percent decide to exchange all of their US currency into foreign currency ... expect something similar.
    I am also a writer for Serpholic Media. You can find some of my articles here: Serpholic Media Blog

  3. #3
    It could very well happen, especially if Obama keeps spending us into oblivion and continues to borrow and print funny money to pay for his extravagant spending.

    If the currency completely collapsed, the government would likely issue a new currency with some reduced, equivalent value. They could also confiscate all the gold, as FDR did in the 1930s. They would have to do something like that if the solution is to create a new, stable currency that is actually backed by something.

    Gold, silver and copper are not necessarily a safe ground. Gold and silver prices have collapsed many times in the past, which is something the gold hucksters never tell you. Gold prices plunged last year in June and have not yet recovered. Bullion and one-ounce gold coins will not do you very much good because they are not in small enough denominations to use as currency in a case of an emergency.

    When the food supplies run out, a couple of loafs of bread could cost you a gold coin if that is the smallest value coin you have to use in trade. There is nothing that guarantees that any precious metal will either rise in value or remain stable if a crisis hits. They are all commodities that are only worth whatever someone is willing to pay for them. When the currency has no value, they are only worth whatever someone is willing to give you in a barter transaction.

    If the worst case scenario happens, you have to ask yourself, "Who has more leverage? Is it you who is starving to death and holding a gold coin that you paid $1700 for, or the guy willing to trade a case of canned beans for that coin?"

    Whenever the price dips below $30, I buy Silver American Eagle one-ounce coins. They are not likely to get confiscated and the value is small enough to use in barter transactions.

    You can monitor all of the precious metals prices here: http://www.monex.com/liveprices
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  4. #4
    The new gold, the new currency?
    AMMO!

    Face it, it is what I believe in....I have a loaf of bread and you have a gold coin.
    I keep my bread because it will feed me and my family, the gold will not!

    Ammo for guns...this makes sure I keep my loaf of bread from marauders.

    All ready, around our country, people are hoarding all the ammo they can get.
    All the reloader equipment, gun powder, etc.

    Now if China and Russia do not collapse in another economic round, their currency will rise way about the dollar!

  5. #5
    Quote Originally Posted by iowadawg View Post
    The new gold, the new currency?
    AMMO!
    To be more correct, food and ammo. Both will be far more important for barter than gold or silver. When you are starving, you cannot eat gold or silver, and anyone willing to trade something for it is guaranteed to screw you in the deal. The only things that will have value are items that will help keep your family alive--or help keep another family alive if they have something that you wish to trade.

    I was in Bass Pro Shops a few weeks ago and their ammunition shelves were almost bare. They normally stock hundreds of thousands of rounds of ammunition.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  6. #6
    If it came down to complete disintegration of society...there is no way I would be trading food for something else.
    Or ammo.
    I and my family would be hoarding all food and ammo.

  7. #7
    Quote Originally Posted by iowadawg View Post
    If it came down to complete disintegration of society...there is no way I would be trading food for something else.
    Or ammo.
    I and my family would be hoarding all food and ammo.
    That would be illegal under Bill Clinton's Executive Order #10998, which is a direct violation of The Constitution, as are so many executive orders signed by Liberal presidents.

    Federal Anti-Hoarding Law | eHow.com

    That damned Constitution keeps getting in their way, but that doesn't stop them.
    Last edited by TopDogger; 14 March, 2013 at 13:21 PM.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  8. #8
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    Whisky is great for an emergency situation. You ever watch MASH or WW2 movies and you'll see that a bottle of whiskey can be bartered for anything.

  9. #9
    That is considered food.
    Food - Alcohol

    Today used mostly to barter for sex.
    Hahahahahhaha

  10. #10
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    According to the WSJ Americans are hoarding $34 Billion in old phones including $9 Billion in old iPhones.

    Quote Originally Posted by iowadawg View Post
    That is considered food.
    Food - Alcohol

    Today used mostly to barter for sex.
    Hahahahahhaha
    You can also barter scotch for penicillin.

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