Friday, August 08, 2008

What currency after SHTF?

This came up the other day: What currency will work best after the SHTF? You know, what forms of payment for debts, public and private and all that stuff...

My answers?

Gasoline, any amounts, but one and five gallon containers for counting purposes.
Toilet paper
.22 caliber cartridges



What do all three of these things have in common?

Once used, they cannot be reused. Well, in the case of the .22 cartridge I am sure some enterprising person will figure a way...



But gasoline once used is gone forever. Same with toilet paper thankfully.

But in many cases, hauling a couple of rolls of Charmin down to the trading post or swap meet may not be handy, will there be a more liquid form of money?



For many in the preparedness community, it has always been considered that gold and silver would make a comeback for post-SHTF money. After all, precious metals have a real intrinsic value that any of us would relate too.

However, I think some may question whether or not a Silver Eagle is indeed what you say it is. That is why I suggest that "junk silver", pre-1964 U.S. silver coins such as dimes, quarters and halves have a more convinient value than gold or specialty silver coins.

For those just joining us, junk silver coins have 90% silver content and are easily recognizable as legal U.S. tender.

More to the point, small silver coins will have greater value in common trades say for a dozen eggs, a bag of roofing nails or a quart of honey. What's more, common coins are easily recognizable and in most cases, trusted as not being forgeries. WHo knows if that Silver Eagle or Kruggerand is really a foil coated fraud or not?



My advice is as always is to stock up on real everyday tangibles first. Then, and only after your preps are at a comfortable state, consider investing in some junk silver coins.

1 comment:

JD said...

MB,

I agree with your sentiments, but for one thing.

The U.S has not collapsed entirely ever. The Depression was setback, but hardly a collapse on the scale of Yugoslavia or Argentina.

My own opinion is that "if" the U.S. economy collapses, trying to explain the so called "fiat currency" scenario or the difference between a 1963 dime and a 1986 version will be meaningless. In a society where people shoot each other over incorrect lane changes in the most prosperous nation in history, economics lessons will be pointless.
Lay low, hide your true position and stock, stock, stock true tangibles like your life (it will!) depend upon it.
Thanks for reading and posting!

Tag and Bookmark

Disclaimer - This blog from time to time reviews products on this blog. Some, but not all, of the products reviewed are affiliate market products and do provide compensation to the blog operator. This blog does receive revenue from advertising on this blog and from the sale of products highlighted on the outside columns and frame of this blog.
This blog is for informational and entertainment purposes only. For legal, medical, financial or any other professional advice, consult with a licensed professional.
We use third-party advertising companies to serve ads when you visit our website. These companies may use information (not including your name, address, email address, or telephone number) about your visits to this and other websites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here.

Copyright - all content property of survivalism.blogspot.com 2005 -2011 all rights reserved. Content scrapers and copyright violators will be prosecuted.
storable food, dehydrated food, fod, dry food, food storage, food insurance, freeze dried food, survival food, food sale prices, food sale, bulk food, collapse food, food shortage, survival seeds, non hybrid, non-hybrid, emergency food, dehydrated vegetables, dehydrated mixes, dried produce, spices, whole food, mountain house food, mountain house freeze dried food, alpine aire, alpine aire freeze dried food, alpine air, mountainhouse, richmoor, survival food storage, bird flu, emergency survival, emergency preparation, dehydrated storable food, emergency preparedness, long term food storage, long term water storage, long term storable food, camping food, emergency food storage, food reserves, long term food reserves, storage, long term, long-term, dehydrated, gourmet reserves, long shelf life, no cooking required, food storage systems, non perishable food, non-perishable, no cooking food, non cook food, non-cook food, no cook food, basic needs, basic food storage, dry, dry storable, storage, preparedness, personal preparedness, food supply, supplies, seeds, sprouts, food supplier, survival review, collapse food storage, world food shortage, american food shortage

x

Tripbase Travel Reviews