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?

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.