If your trading tins of beans or shotgun cartridges I assume your looking at a 'Mad Max' type scenario and that may well happen.
So Lets say your convinced thats going to happen , what do you do? convert all of your current wealth and any income upto point X into food, ammo and what not??
If you see that scenario as the most likely than maybe thats the best way forward.
But can you not see any scenario between what we currently have ( ie this world today with all its good and bad ) and this perceived world view to come ???
How easy is it to move , store and protect 5000 tins of food if you need to from marauders ( if we play that scenario out ) ??
Could you easily trade it with someone who didn't neccessarily want that food type for something else??? Could you move it easily of you had to move at short notice?
If we assume that the situation doesn't become as bad as you fear do you imagine trade and commerce would revolve around food tins or Precious metals after a period of time when food is being produced and harvested???
I had thought about buying gold but then i asked myself this question "would i give someone some food or ammo in return for gold which i cant use?" I answered no so in my opinion there is no point in buying gold apart for a financial investment.
I keep an eye on these things and am slowly considering different options. Variety is the spice of life, it is also a good way to spread risk. I have identified things that I could trade should it ever be necessary from stocks and am looking at what will possibly become 'currency like' as a level of stability returns.
TeeDee wrote:
Its a Hedge against created Inflation.
Although traditionally considered as a hedge against inflation, gold’s safe haven reputation has allowed the metal to serve as a gauge of “fear” in the marketplace; historically, when geopolitical tensions arise or disaster strikes in the stock market, the price of gold and expectations of volatility, as represented by the VIX Index, have a tendency to increase amidst the chaos. However, many gold-bugs have been biting their nails since the precious metal endured a brutal sell-off after topping out in September of 2011.
