What to do with fiat currency to preserve its current value after a societal collapse? (emergencynation)

submitted ago by mohammed_was_a_fag

Like it or not we work for fiat currency. What's the best long term investment to protect that energy you've spent to earn that money, so that it is liquid enough to convert back to fiat if necessary, but will also maintain its worth in the event of societal collapse?

Shit load of preserved food?

Land?

Guns and ammo to protect said investments

Renewable energy infrastructure for your home?

Would it literally just be anything that you need to be self sufficient?

I've recently discovered Michael Ruppert....

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ShowMeYourKitties ago

Trade it for ammo, nonperishable foods and precious metals (in that order of importance) before the collapse.

mohammed_was_a_fag ago

Antibiotics have a fairly short shelf life yes?

Why precious metals if the means of manufacturing have collapsed? Do you think even in an appocolyptic scenario, there would still be people vain enough to want shiny things? Would those types of people even be safe to trade with? I guess gold and precious metals have been valued my mankind for centuries, so I suppose my family (great grandkids etc) could utilize it and start out on top in the next resurgence of human civilization.

I also don't know where to buy those precious metals where I want get taken. Plus doesn't the federal government monitor precious metal bullion that is sold?

DrSelfAppointed ago

The reason precious metals have been used as currency is that that are easily verifiable and transportable, finite in supply, and also do not decay. This provides an easy medium to act as universal currency when faced with a need to trade where one party lacks what another party needs. Maybe the guy you want to trade for gas already has bullets, he needs rice you don't have; now you gotta go find rice from another guy who may or may not need bullets.

It is also the one thing that can be guaranteed for trading outside affected areas. Just because shit hit the fan one place, doesn't mean the rest of the world is fucked. That gold stash might buy you a ticket out of the place your in.

Bought a safe off of a moderately successful Iraqi that survived some of the war zones of an early conflict in the region, essentially the money was worthless and his gold stash kept him and his alive.

waterniggas ago

this is the only rational explanation of gold I've ever heard, thanks

slwsnowman40 ago

Do you think even in an appocolyptic scenario, there would still be people vain enough to want shiny things?

Of course there will be. Gold and silver will have value, there will be other things immediately after a SHTF event that will be more valuable, but once those normalize it will go back to gold and silver at least.

mohammed_was_a_fag ago

But in a non materialist world without manufacturing of electronics, what value will shiny metals have? Just perceived value bc it's shiny?

slwsnowman40 ago

I don't know, I don't live during a time without electronics. However, gold and silver had some value or else there would be no gold and silver rushes throughout history.

mohammed_was_a_fag ago

That's what I was thinking. I guess humans aren't far from raccoons in that regard. We've always liked shiny stuff. Weird.

proker ago

True, but irrelevant. Humans have been using shiny metals as currency for millennia because people (and raccoons) inherently delight in them, because they are rare and difficult to counterfeit, and because an agreed-upon medium of exchange eases personal (and other) transactions astronomically.

Humans, unlike raccoons, formed economies based upon abstract exchanges of value at least 10,000 years ago, and have persisted in the practice ever since. I doubt that is going to die out because of a hundred years of parasitical fiat banking schemes that are even more abstracted (but maybe).

slwsnowman40 ago

I think the history book writers are hiding something. Like they don't want us to find out that fiat currency is a horrible idea and trying to hide things that always held some type of value because it was hard to fake.

ShowMeYourKitties ago

Immediately after, they won't be worth much.

After things calm down a bit, precious metals will be useful for trade and will act as currency.

At least until the tribe comes out of their burrows and attempts to resume their usurious tricks.

7e62ce85 ago

I read that the military tested old drugs and found them to be safe and mostly still effective after ~20 years or something like that.

Buy amoxicillin for farm animals and stock it.

ShowMeYourKitties ago

Yeah most stuff is good, liquid medications break down a lot faster and some can degrade to a harmful state.

mohammed_was_a_fag ago

Well I'd hope that once they come out of their holes, people would be wise to their tricks. I would hope most of the stupid people would be dead after the first couple weeks