Just to play devil’s advocate on PMs.
So, you (the generic you) have your PMs, and it’s after SHTF, or things have settled down, and you think you’re going to buy up all kind of things with off the books PMs. Or on the flip side you took advantage of less prepared people with gold trading them water, medicine, whatever and then amassed gold during SHTF.
So things settle down, and the old/new government steps in, says where are your records on this wealth, and perhaps they take it or put you in jail because you’ve avoided their taxes with your black market bartering transactions.
That sound crazy? See recently some activity in India on what that might look like (obviously some of these websites have agendas, but was an interesting read for me):
https://www.bloomberg.com/view/articles … -more-harm
http://indiatoday.intoday.in/story/demo … 14439.html
https://www.marketslant.com/articles/in … ly-illegal
http://www.thedailyeconomist.com/2017/0 … sh-is.html
https://www.bloomberg.com/news/articles … n-succeeds
The gist of all this is efforts by a government trying to force wealth into the banking system so it can be taxed and controlled. It’s not a new thing.
Without a SHTF, I fully expect that in a decade paper money will be phased out in many if not most developed nations. And use of gold for private trade in that setting will be highly discouraged, limited or made illegal for such private transactions. Imagine all those people that bought PMs or kept their cash out of the banks in large bill denominations getting swindled or squeezed like those in India now.
Just some things to consider.
I’m not against PMs by the way. Personally my approach is to put first things first in terms of prioritizing survival items, self-defense items, then self-sustainability items, before PMs.
Statistics: Posted by NJMike — Wed Aug 02, 2017 4:52 pm