This makes you think. Regardless if either argument is valid, it makes you think...and it's kind of funny in spots of extremism.
http://www.xtranormal.com/watch/7570703/
http://www.xtranormal.com/watch/7570703/
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The Staff of SOH
Gold and Guns
- Thread starter Bone
- Start date
People have been pushing gold for years,what exactly will you do with it in a scenario like New Orleans after Katrina? Does anyone think there was some knucklehead sitting there with 5 oz of gold saying "man I'm glad I have this"?
Yea,there probably was.....I would rather have 2 weeks of food and water in that case,the gold is useless if there is nothing to buy and I would never barter for it in that type of situation.What would I do with it? The only value gold has is what we put on it,in a survival situation I consider it to be useless.
I feel the guns(and ammo) would be much more valuable to barter with.Just my opinion,worth exactly what you paid for it.
Yea,there probably was.....I would rather have 2 weeks of food and water in that case,the gold is useless if there is nothing to buy and I would never barter for it in that type of situation.What would I do with it? The only value gold has is what we put on it,in a survival situation I consider it to be useless.
I feel the guns(and ammo) would be much more valuable to barter with.Just my opinion,worth exactly what you paid for it.
"THAR'S GOLD IN THEM HILLS"...and with it the opening of the West!!.....GOLD! the ultimate expression of wealth!.the Glitter is infectous,..Valuable to the Indians of South America, as it was their demise!.Since Civilizations began.."ITS GOLD"....as far as Guns in this skit, that too is much maligned,as are our Bibles by some,..But never the less important here in America!...One only has to look at "MR T' "..the currant GOLD Standard!! ,and the NRA,the currant gun standard!!
Roadburner440
Charter Member 2010
I can't afford to buy enough gold to matter. So I just stock up on as much ammunition, and non-perrishable food stores as I can. That is about the best advice I have for anyone.
Best bets if the world economy collapses: food, ammunition, silver coins, matches, and a very good knife. Good luck trading gold for a can of green peas as gold would be extremely valuable. Silver coins, as in real silver coins (90% silver content), not silver plated copper or zinc, minted by the government of the nation in which you reside so it is easily recognizable, would probably be the best monetary bet. Silver slugs and bullion in various weights might be usable if you can prove that they are real silver and at the stated purity level, same goes for gold coins and bullion. Could such a disaster occur? Certainly, history is filled with failed societies and economies. Will it happen? Who knows, but better to be prepared and never have to use such things than to need such things and not have them.
Executive Order 6102
Under the Trading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of the order was punishable by fine up to $10,000 ($167,700 if adjusted for inflation as of 2010) or up to ten years in prison, or both. Most citizens who owned large amounts of gold had it transferred to countries such as Switzerland
By Executive Order Of The President of The United States, March 9, 1933. By virtue of the authority vested in me by Section 5 (b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, in which Congress declared that a serious emergency exists, I as President, do declare that the national emergency still exists; that the continued private hoarding of gold and silver by subjects of the United States poses a grave threat to the peace, equal justice, and well-being of the United States; and that appropriate measures must be taken immediately to protect the interests of our people.
Therefore, pursuant to the above authority, I hereby proclaim that such gold and silver holdings are prohibited, and that all such coin, bullion or other possessions of gold and silver be tendered within fourteen days to agents of the Government of the United States for compensation at the official price, in the legal tender of the Government.
All safe deposit boxes in banks or financial institutions have been sealed, pending action in the due course of the law. All sales or purchases or movements of such gold and silver within the borders of the United States and its territories and all foreign exchange transactions or movements of such metals across the border are hereby prohibited.
Your possession of these proscribed metals and/or your maintenance of a safe deposit box to store them is known by the government from bank and insurance records. Therefore, be advised that your vault box must remain sealed, and may only be opened in the presence of an agent of the Internal Revenue Service.
By lawful order given this day, the President of the United States.
Franklin Roosevelt – March 9, 1933
A bad old law ,can be reserected into a good new law!
Soviet Union?,Nazi Germany?,Imperial Japan?...guess again...if they did that with Gold,what will stop them to do that with anything else??.....Inflation!!....Killers of the people,and cause for war..far fetched?..best you check yer history!.......best we hold on whats valuable to us,for some may want to take it from you..for your own good,while they wrap themselves in the flag...this while they strip you of individual rights!!.old game!!
"THOSE WHO DO NOT TAKE LESSONS FROM HISTORY,ARE DOOMED TO RELIVE IT"
Under the Trading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of the order was punishable by fine up to $10,000 ($167,700 if adjusted for inflation as of 2010) or up to ten years in prison, or both. Most citizens who owned large amounts of gold had it transferred to countries such as Switzerland
By Executive Order Of The President of The United States, March 9, 1933. By virtue of the authority vested in me by Section 5 (b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, in which Congress declared that a serious emergency exists, I as President, do declare that the national emergency still exists; that the continued private hoarding of gold and silver by subjects of the United States poses a grave threat to the peace, equal justice, and well-being of the United States; and that appropriate measures must be taken immediately to protect the interests of our people.
Therefore, pursuant to the above authority, I hereby proclaim that such gold and silver holdings are prohibited, and that all such coin, bullion or other possessions of gold and silver be tendered within fourteen days to agents of the Government of the United States for compensation at the official price, in the legal tender of the Government.
All safe deposit boxes in banks or financial institutions have been sealed, pending action in the due course of the law. All sales or purchases or movements of such gold and silver within the borders of the United States and its territories and all foreign exchange transactions or movements of such metals across the border are hereby prohibited.
Your possession of these proscribed metals and/or your maintenance of a safe deposit box to store them is known by the government from bank and insurance records. Therefore, be advised that your vault box must remain sealed, and may only be opened in the presence of an agent of the Internal Revenue Service.
By lawful order given this day, the President of the United States.
Franklin Roosevelt – March 9, 1933
A bad old law ,can be reserected into a good new law!
Soviet Union?,Nazi Germany?,Imperial Japan?...guess again...if they did that with Gold,what will stop them to do that with anything else??.....Inflation!!....Killers of the people,and cause for war..far fetched?..best you check yer history!.......best we hold on whats valuable to us,for some may want to take it from you..for your own good,while they wrap themselves in the flag...this while they strip you of individual rights!!.old game!!
"THOSE WHO DO NOT TAKE LESSONS FROM HISTORY,ARE DOOMED TO RELIVE IT"
I had never heard of the 1933 gold ban or had seen a gold certificate until one of my customers came in and paid for her shopping with two of these...
https://americanhistoricsociety.com/products/1922-%2420-Gold-Certificate.html
Fortunantly, the cashier's line she went to was being operated at the time by my head cashier who also happened to be my girl friend. She made sure that I saw what had come through. I had to look up what they were and in turn realized how rare they were because of the gold ban.
Learned two new things about history that day.
FAC
https://americanhistoricsociety.com/products/1922-%2420-Gold-Certificate.html
Fortunantly, the cashier's line she went to was being operated at the time by my head cashier who also happened to be my girl friend. She made sure that I saw what had come through. I had to look up what they were and in turn realized how rare they were because of the gold ban.
Learned two new things about history that day.
FAC
There was a ban on public possession of gold bullion and monetary gold coins (jewelry and antique or foreign coins were exempt) enacted in 1933. This was during the "Great Depression" and was required by the U.S. government's attempt to fund government programs and control the value of the dollar and gold. By seizing gold and issuing only paper money, the paper money value was instantly increased as it was the only legal tender that would be recognized. Today, you still cannot go to the grocery store and buy a can of peas with a gold coin. Gold should be considered a long term investment and a hedge against inflation. It would take a massive economic collapse to return gold to a public monetary standard and I still think silver would be the more common medium for small transactions.
Roadburner440
Charter Member 2010
Well if you ask me we are on the precipice of said economic collapse. Also agree about silver being a better choice as far as looking for usable legal tender. Consindering gold right now is at $1400+ USD per ounce you would be recieving a massive amount of peas in exchange for a coin. I think it will mainly go to a goods/services bartering type system until a currency backed by something other than air comes into play.