Originally Posted by emt1581
I'll be honest, up until about a month or two ago, I was confused as well...and I figured usable/consumable goods would be far more desired than PM's. But really, PM's have been an agreed upon hold of value for thousands of years. So yes, I believe they will be a good currency compared to paper which just symbolizes value.
What still confuses me is how someone will establish an agreed upon value of the PM. The typical response is "supply and demand". But someone who's in a jam and about to die without water might pay 20oz. of gold for one bottle of water....is that even remotely a fair deal? Wouldn't the person about to die be better off just plugging the guy over charging? And wouldn't the gouger deserve what he gets? These are questions and suggestions that are often frowned upon and scoffed at by a lot of PM holders...but no one can really offer an intelligent solution around gouging.
But aside from the gouging issue PM's really are an intelligent way to do business. Think about it...it's an element. No exchange rates, no currencies to worry about losing/gaining "value", etc. It's universal.
Think about life now though...is money all you need? Hell no!! You need food/water, shelter, some money, guns/ammo, medical supplies, etc...you'll need the exact same supplies should the SHTF.
Back to your view of the future let me ask this. If something has had value for thousands of years, is valuable now, why would it be worthless in the future?
Thanks for the info. I think I'll stick with stocking up on other things. I can't see myself selling extra food, wood or ammunition for pieces of metal, especially if there is no intrinsic use for it other than dentistry. Leads to the question of how to find a good dentist after the big one, and whether we'll just go back to pulling teeth instead of filling them. Not saying it would be worthless, just that I don't see it's worth personally. Good luck all.