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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (68906)	10/18/2021 6:59:02 PM
From: petal	Read Replies (1) \| Respond to of 78776

You are wrong on many counts... Doubtless! Especially since I do not know much about this. Am trying to learn by doing, i.e. through mistakes (only way I know how ¯\_('-)_/¯) But still, I come back to... What I want instead of gold, is something people need that is easily transportable (small item), that stores well, that is not too expensive, something recognizable by others as immediately having worth, and so something I can use to barter with. ...What would that alternative be? I agree gold/silver is not perfect. But what other metal is better? If not metal, what? What is the most easily/universally accepted store of value? I think gold, though I'm not positive. Generally, I vastly prefer common stocks. For this specific purpose though, gold appears to me to be the best bad alternative. What do you think? :-) A Krugerrand is now about $1865, I guess a good investment if held many years? Well, this (small) part of ones portfolio – the emergency/catastrophe/survival part – would quite obviously not be focused on massive capital gains, but rather on minimizing risk of total loss if society breaks down and trust falters entirely. I think the concept of 'store of value', is quite different from 'investment', even for the cautious investor who primarily worry about downside risk protection. And yes, you would need to "pay the fee" every now and then, as inflation takes its toll (deflation would obviously have opposite effect.) Price you pay. As I said, I think of it as a form of insurance. A poor investment as such, but still, in some cases, a worthwhile way to lower risk/deal with uncertainty. If the crisis were really bad, what could I expect -- one Krugerrand for a gallon of milk and two lbs of butter or 10 lbs of sugar or two chickens or something? If the dollar dropped to where the rand was only worth $900 though, that would make an exchange difficult -- I'd have to find a seller who had $900 worth of foodstuffs, etc. If the crisis were really bad, what could I expect -- one Krugerrand for a gallon of milk and two lbs of butter or 10 lbs of sugar or two chickens or something? If the dollar dropped to where the rand was only worth $900 though, that would make an exchange difficult -- I'd have to find a seller who had $900 worth of foodstuffs, etc. This is a great point. Price of everything would go up massively. (I.e. hyperinflation.) Gold, would probably lose less of its value than most other things (I would think), since it would be better suited to act as that store of value. But yeah, maybe wieldy commodities, or just groceries would be best. I'm starting to think I'm wrong too, as I read your post more closely :') Put it this way, then, instead: before the crisis comes – when it's just brewing – I think people tend to flock to gold. (Possibly happening now, as people try to tie up their "fake profits" from crypto, NFT's, and all those musical chair type games, in tangibles such as gold clocks etc (saw a picture of a Rolex store which looked as if it had been looted...) May not be a conscious thing though (might well just be conspicuous consumption...) Am becoming much less enthusiastic about gold as an "asset class", as I (slowly) learn more. But I still think that if people suddenly start questioning the value of things (crypto, fiat, stocks, bonds, etc, etc), then gold might suddenly appear quite attractive indeed, and look like a rare safe saven.

To: Paul Senior who wrote (68906)	10/22/2021 4:38:01 AM
From: Madharry	Respond to of 78776

I to some extent had similar thoughts so at one point I purchase a few dozen silver proof quarter sets from the US government mint. I figure they would be acceptable barter and people are unlikely to question their authenticity. O f course I own a fair amount of silver coinage as well. Thats about the extent of my survivalist plans except for recurring thoughts that my HOA should dig their own well. For water and that at some point I will buy a device to store solar energy. .