tag:blogger.com,1999:blog-1592992209402300549.post2299465171727565549..comments2024-03-28T08:06:43.198-04:00Comments on The Silicon Graybeard: In Praise of Technology - ConclusionSiGraybeardhttp://www.blogger.com/profile/00280583031339062059noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1592992209402300549.post-43009217656580813542010-10-14T11:48:51.037-04:002010-10-14T11:48:51.037-04:00Both Event Horizon and Dennis308 are absolutely ri...Both Event Horizon and Dennis308 are absolutely right. During periods of hyperinflation, like the Weimar Republic, people got rid of cash and got tangible assets as quickly as possible. It doesn't have to be gold or silver, but my guess is that silver coins or small caliber ammo will be the "coin of the realm", it could be canned foods, or shoes, or any other necessity that might be useful to you or useful as trade. Gold will simply be too valuable to walk around with. If an ounce is worth $5000, what do you buy with it? <br /><br />Think about people who need their Prozac, or who can't buy cigarettes or booze. What will they do to get some? <br /><br />Remember those stories about trading chocolates or cigarettes during WWII? That might be the new normal. <br /><br />If food is just not available at any price, well, I sure hope we can fish or hunt or grow food.SiGraybeardhttps://www.blogger.com/profile/00280583031339062059noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-1403804532393353142010-10-14T11:10:28.016-04:002010-10-14T11:10:28.016-04:00I have heard that 22LR will be the pocket change o...I have heard that 22LR will be the pocket change of the coming "economy." I've converted a great deal of my savings into things that will either be barterable or will enable me to obtain/make items that are barterable. The only way I can see to perserve wealth is to put it into things that the .gov can't steal (at least not without a high cost in blood).Event Horizonhttps://www.blogger.com/profile/10554770386040937098noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-75799595063883321542010-10-14T01:53:55.904-04:002010-10-14T01:53:55.904-04:00This is just a idea, anyone that has a nest egg of...This is just a idea, anyone that has a nest egg of cash/savings account or CD as soon as they mature or if they are really worried about inflation to withdraw the majority of that cash, savings, etc. and invest in Hard currency Gold or Silver preferably as it will be easier to cash in when they will need to have parer currency. Of course if things get so bad that Food becomes more valuable than Gold or Silver we are all screwed no matter what you have done.<br /><br /> Dennis<br /> III<br /> TexasDennis308https://www.blogger.com/profile/07890267243094484300noreply@blogger.com