Hi Operator,
I was thinking exactly that overnight. Not necessarily food though, as food is available in prime form from plants and small animals. So there must be other thing to trade your paper for before it's rendered toilet roll. I don't think gold is the way to go, as don't forget, if the banks have no money, they're not likely to have gold, which reminds me of an interview George Green made with Camelot, where he explained that he could only buy a limited amount of gold with a six month wait to receive it. Either few people have an awful lot of gold or there is little gold on this Earth either way, in this current situation, it would also be very risky to try and buy gold directly from a bank. I also imagine tet George knew something was going to appen at the point when he discovered that gold was sooo difficult to aquire. It could be a better idea to look for used gold in pawnbroker shops, if gold was what you wanted. Personally I think gold is overrated.
But anyway, we need to think of something to buy to use the paper money before its' rendered useless. Something portable, but useful and something that will be useful if at the other end of this difficult time we survive, to not look foolish, something that doen't need fuel to work. I think land in far off places could be a good idea. If at the end the world becomes a peaceful place, at least you could sell the land or even go on your hols and spend time there.
Any other ideas?
Best regards,
Steve
Quote:
Originally Posted by Operator
Hi, I wouldn't leave it in a bank anyway ... With the inflation spiraling up it's better not to go for interest rates at the banks.
And don't keep it in your pocket ... otherwise you will have worthless paper in your pocket soon ...
If you are not planning to move or if you are not able to move (due to whatever the circumstances) the best deal is probably stockpiling durable food.
Again, given the inflation that's the best you can do ...
However you should keep enough money to cover bills for e.g. utilities for as long as it lasts.
Whatever happens brothers and sisters, we'll stick together as ONE, an unbreakable force, wherever we are !
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