Overstock.com Has A Bunker Full Of Gold, Silver, And Food In Case Of Financial Collap

My stock pile consist of ammunition, gadsen flags by the crate, confederate flags by the crate, tobacco, weed and moonshine. I can readily make my own fuel and the food source is renewable so the only thing I would trade my loot for would be hot chicks.

Why stock pile for survival? Zombies? Throwing sticks is free (bow), along with everything else you listed, plus more. The hardest thing would be the tobacco though. I guess I'd just quit smoking. I never understood stockpiling anything.
 
I unserstand food, but what is gold and silver good for? You can't build anything remotely useful from, it, you can't eat it, so it's worthless, in every sense except in our crazy system called the economy.

gold and silver will be used as currency. When through rockefeller, rothschilds etc decide to do what they always do destroy for profit and resources through the worlds legal terrorists united states of america. They will crash the economy since almost every currency is tied to the central bank. Just hope brics hurry up.
 
rockefeller, rothschilds etc decide to do what they always do destroy for profit and resources through the worlds legal terrorists united states of america.
This is way more crazy than the usual HardForum crazy I've come to know and love.

This is like, YouTube comment crazy.
 
I unserstand food, but what is gold and silver good for? You can't build anything remotely useful from, it, you can't eat it, so it's worthless, in every sense except in our crazy system called the economy.
In cases of economic collapse, such as hyper-inflation, "the economy" still exists you know. People still do work, and they exchange that work for goods. Even without a government, a well known limited commodity like gold or silver works as a universal currency for trade and will maintain its value quite steady. $1 US dollar can be printed out of control by a collapsed central government to be worth the same as $1,000,000 a month later, but an ounce of gold is still going to be an ounce of gold before and after as supply isn't likely to drastically be altered, and if anything because of a demand increase when paper/digital currency fails, value would increase.

However, food and currency is useless without the means to defend it. Otherwise as soon as the crap hits the fan, once someone figures out there's food/money stored somewhere, they'll just take it. So it has to be secured and have a good stash of invested people and guns to defend it. I bet they have that too though and just aren't disclosing it.
 
Why stock pile for survival? Zombies? Throwing sticks is free (bow), along with everything else you listed, plus more. The hardest thing would be the tobacco though. I guess I'd just quit smoking. I never understood stockpiling anything.
Because when demand exceeds supply, people will get desperate. What are you going to eat? You're going to hunt for food? What about the other 300 million people, they're going to hunt for food too? How many deer are there in the woods? If crops fail or aren't being distributed, then there's not enough food and you starve. Plus, what about something as simple as clean water? What happens when you turn the faucet and nothing comes out?

Stock piling is a common sense tactic that even birds and rodents have learned to do, in order to be able to survive lean times.

Somebody didn't have the ant and the grasshopper fable read to them as a kid; except in real life its worse because when the grasshopper who didn't prep comes knocking on the door asking for food, either the ant won't open or will put a few slugs in him. :p
 
I unserstand food, but what is gold and silver good for? You can't build anything remotely useful from, it, you can't eat it, so it's worthless, in every sense except in our crazy system called the economy.

You have different levels of "SHTF". At some levels gold and silver are valuable trading commodities and are a reasonably compact form of hard currency. Once you reach a level of mass shortages of water and food, then precious metals are just shiny things to play with. Ammo becomes the new gold.
 
gold and silver will be used as currency. When through rockefeller, rothschilds etc decide to do what they always do destroy for profit and resources through the worlds legal terrorists united states of america. They will crash the economy since almost every currency is tied to the central bank. Just hope brics hurry up.

You make no sense.
 
You make no sense.


Gold and silver will replace currency when the us dollar collapses, which means many of the worlds countries currencies will be worthless since they rely on the exchange rate that is controlled by the us dollar. When I mention brics I mean Brazil, Russia, India, China and South Africa are currently building their own reserve bank, and moving away from using the dollar to exchange.
 
This is way more crazy than the usual HardForum crazy I've come to know and love.

This is like, YouTube comment crazy.

Where have you been, libya, iraq etc those wars and attacks were for oil you think murica is the good guy hahah. Why do the media moguls whô control the media hang along with future and former us presidents, politicians e.g.Bush, clinton, even obama was there b4 being president hang out at the bohemian grove they are planning and gathering exchanging ideas.
 
Because when demand exceeds supply, people will get desperate. What are you going to eat? You're going to hunt for food? What about the other 300 million people, they're going to hunt for food too? How many deer are there in the woods? If crops fail or aren't being distributed, then there's not enough food and you starve. Plus, what about something as simple as clean water? What happens when you turn the faucet and nothing comes out?

. :p


There are a ton of things one can do, look up edible bulbs and tubers. You can plant bulbs that make pretty flowers and spread on there own to cover a hillside. When it hits the fan people wont look for flowers to eat and you will have a pile of bulbs buried. Rabbits and chickens are good to have around as rabbits populate very fast and chickens make eggs every day.

I'm a survivalist and can go out into most yards and wooded lots and make a meal. No it may not be tasty or appetizing but nourishing.
 
I can understand investing in precious metals as a way of hedging against inflation and devaluation of the dollar. But.. as a back up for "SHTF" situations? Even if it's not a "Mad Max" world, I just don't see it being practical as an emergency wage for the employees. An employee is not going to be able to walk into a grocery store and pay for a gallon of milk with a silver coin (and, even if the store accepted silver/gold, the store most likely won't to be able to provide change).
 
I can understand investing in precious metals as a way of hedging against inflation and devaluation of the dollar. But.. as a back up for "SHTF" situations? Even if it's not a "Mad Max" world, I just don't see it being practical as an emergency wage for the employees. An employee is not going to be able to walk into a grocery store and pay for a gallon of milk with a silver coin (and, even if the store accepted silver/gold, the store most likely won't to be able to provide change).

Beyond the fact that it is silver, a silver coin has value because it's a coin, it's perfectly valid and acceptable currency. Rounds / bars only have barter value.

Also, if a store starts accepting precious metal rounds or bars, they will soon have change, so I guess only a few customers would have to buy "as much as they can" with what they decide to spend.
 
I can understand investing in precious metals as a way of hedging against inflation and devaluation of the dollar. But.. as a back up for "SHTF" situations? Even if it's not a "Mad Max" world, I just don't see it being practical as an emergency wage for the employees. An employee is not going to be able to walk into a grocery store and pay for a gallon of milk with a silver coin (and, even if the store accepted silver/gold, the store most likely won't to be able to provide change).

In fact that's exactly what could happen.

Why does everyone seem to think human beings aren't capable of mathematics or bartering without the help of a central planned currency? Every financial transaction you make in your everyday life is done without state involvement. The unit of account changes, that's all.
 
I unserstand food, but what is gold and silver good for? You can't build anything remotely useful from, it, you can't eat it, so it's worthless, in every sense except in our crazy system called the economy.

I think the gold and silver is for a local economy collapse, rather than a global one.
They will retain value outside of the current system.
 
I unserstand food, but what is gold and silver good for? You can't build anything remotely useful from, it, you can't eat it, so it's worthless, in every sense except in our crazy system called the economy.

Well, for the real end of the world.. no it's not useful. For a disruptive event where people don't trust bank money or the local currency, it's useful for getting what you need. Think Soviet era black market. Also, if intending to deal with something like electronic bank transactions going off line, gold and silver should work as well as cash to pay someone, but as a "stick it under the mattress" kind of insurance plan, it usually beats cash in terms of not losing value due to inflation. So they may just have chosen metals as a means of balancing liquidity with stability.
 
Gold and silver will replace currency when the us dollar collapses, which means many of the worlds countries currencies will be worthless since they rely on the exchange rate that is controlled by the us dollar. When I mention brics I mean Brazil, Russia, India, China and South Africa are currently building their own reserve bank, and moving away from using the dollar to exchange.

Okay, that makes more sense because you actually used proper english and sentence structure. Thank you. Oh and I agree.
 
Gold and silver will replace currency when the us dollar collapses, which means many of the worlds countries currencies will be worthless since they rely on the exchange rate that is controlled by the us dollar. When I mention brics I mean Brazil, Russia, India, China and South Africa are currently building their own reserve bank, and moving away from using the dollar to exchange.

US dollar collapses and there are a few commodities that matter - gold and silver is NOT on that list - guns, ammo, fuel, food, water. US dollar collapse goes straight into the barter stage.
 
Silver and Gold would be worthless in a post apocalyptic world. The need for a currency would disappear as bartering basic goods would take the place of currency based transactions.
 
US dollar collapses and there are a few commodities that matter - gold and silver is NOT on that list - guns, ammo, fuel, food, water. US dollar collapse goes straight into the barter stage.


http://www.bloomberg.com/news/artic...ina-strong-signs-of-reserve-currency-blessing

September gold imports into China from Hong Kong confirm strong demand in the key gold-consuming nation, say HSBC and Commerzbank. According to news reports, China’s net gold imports from Hong Kong climbed to 97.242 tonnes in September from 59.319 tonnes in the prior month. This was the highest monthly level since November 2014. “Since the start of the year, China has now imported 582 tonnes of gold from Hong Kong on a net basis, which is just shy of 3% more than in the same period last year,” Commerzbank says. “In other words, imports have now caught up following a subdued start to the year; gold imports in the first half of the year were nearly 20% down on the previous year.” Increased Swiss gold exports to China and Hong Kong and record-high gold withdrawals on the Shanghai Gold Exchange had already indicated “robust” Chinese gold imports, Commerzbank says. Adds HSBC: “Brisk demand from China is central to sustaining prices, as after a strong August, Indian demand for imported gold seems to have cooled.” Kitco.com
 
Silver and Gold would be worthless in a post apocalyptic world. The need for a currency would disappear as bartering basic goods would take the place of currency based transactions.

The guy who has cows sells his cows to the guy who has grain.
But the man selling cows has no need for grain that month.

The man selling cows knows that the man selling the fertilizer he wants will accept item X. He informs the man selling grain, who happens to also have item X.

Congrats. Your barter apocalypse society has just reinvented currency!
 
US dollar collapses and there are a few commodities that matter - gold and silver is NOT on that list - guns, ammo, fuel, food, water. US dollar collapse goes straight into the barter stage.

And what is the most likely thing that can be used to barter for these items? Will most likely be precious metals and gems...
 

What's your point? If the Dollar collapsed tomorrow, it's not because China is trying to set up the yuan as a competitor to the dollar. Which is a joke, because it's China and the value of their currency is about as transparent as the value of their stock market.

A collapse of the Dollar in foreseeable future is a collapse in the government of the United States. No one will give two shites about gold or silver in any scenario that leads to the total collapse of the American government.
 
And what is the most likely thing that can be used to barter for these items? Will most likely be precious metals and gems...

Totally. I'm trying to survive, build a life for my family. I'm going to trade some parts for a gold bar? No, I'm going to trade some parts for some gasoline, or some canned food, or some seeds, or some ammunition.

Gold has value because people says it does, and it's a luxury item. It's not useful. It does not help in a survival society.

After a while when SHTF, and society begins to return to some sort of normalcy, will gold have value once again? Of course.
 
China's Renminbi Gets Closer to Being Reserve Currency and Changing Global Economic Picture

As China advances, the U.S. and other nations will face a real, long-term competitor. In order to face this competition and respond in kind, they can't rely on gimmicks or short-run policies that only achieve short-run goals. In the past in the U.S., short-run policies have focused on keeping the economy growing as fast as it can have resulted in little or no growth in labor productivity, low rates of capacity utilization in manufacturing and the lowest level of labor force participation in the past 40 years.

Whether the U.S. and these other countries can take on the challenge of China remains an open question. thestreet.com
If people think gold and silver aren't valuable anymore, they just don't understand what governments actually do with fiat currency. Hint: they fuck you in your ass and then give you a lollipop after.

http://money.cnn.com/interactive/economy/minimum-wage-since-1938/
 
If people think gold and silver aren't valuable anymore, they just don't understand what governments actually do with fiat currency. Hint: they fuck you in your ass and then give you a lollipop after.

http://money.cnn.com/interactive/economy/minimum-wage-since-1938/

China manipulates all aspects of what it reports to the world for it's economy. Their stock market is fixed, as is the value of the yuan. Labor numbers are fudged. This is all common knowledge.

I'm not saying the United States has not been doing a bad job with it's economic policies and that needs to be addressed, but using Chinese currency as a reserve option is a joke right now.
 
Doomsday predictors don't have any clue of the scale of the US economy and dollar. To compare 2015 USA to 1920's Germany is absurd on its face. Yes, we've been running too much deficit during both boom and bust to keep taxes artificially low, but no it's not going to lead to hyperinflation and dollar collapse anytime soon. The dollar is the world's reserve currency, and there are just as many dollars outside of the US as inside, mostly in the reserves of foreign central banks. A reserve currency is necessary because if I have Swiss francs and need Chilean pesos, there might not be a seller looking to make the opposite trade at any given time, but I can always sell the francs for USD and then buy pesos. This means that the US enjoys a multiplier for expanding the money supply, with the foreign-held dollars acting like a heat sink to absorb the activity. This remains true as long as the Federal Reserve doesn't get so carried away that the rest of the world no longer considers the USD to be stable enough to continue using as the reserve (we are nowhere near that point, despite the occasional doomsayer). By the end of this century, the Yuan or Euro could conceivably replace the USD as reserve currency or there could be multiple reserves, but as of 2015 neither currency is remotely close to being able to take that mantle.

This causes the US to be the "cleanest dirty shirt in the laundry pile" in times of crisis, even when that crisis was caused by US institutions in the first place. It can also lead to some amusing outcomes, like when S&P downgraded US Treasuries from AAA to AA+ in 2011, causing market turbulence that led to panic buying and price increases of the world's safest asset: US Treasuries!

I'm not knocking crisis preparedness. A major cyber-attack or solar storm could knock out our power grid for months, and having enough food, water, and supplies to last a few weeks or months is a great idea. But the myth that the US economy is going to come crashing down around our ears due to <insert financial bogeyman> is a political canard to advance the argument that we should defund the already-meager (by 1st world standards) social services that the government provides. It has no basis in past or present-day reality.
 
It's better to have it and not need it than it is to need it and not have it. Especially food and most importantly water. In a week most would be dead without water. Dead or extremely weak to do anything. You could last a few weeks without food but after a day or 2 you will go insane. People would start eating people at that point. Gotta have protection of some sort. Gotta have your resources ready ;). Better to be safe than sorry. In this case, really sorry lol.
 
A few things I've always wondered about gold stockpiling; in the event of a currency collapse (and by that I mean "the U.S. dollar goes the way of the Zimbabwean dollar", not any of the zombie apocalypse/SHTF stuff everyone else is talking about), what is the minimum amount of gold you'd need to have stockpiled to sufficiently insulate yourself? I mean, any joe blow off the street can buy a few gold coins here and there through mail order or exchanges or whatever, but I doubt such small amounts will last long enough to actually be useful in a no-fiat-currency economy (I imagine it'd be enough for investing before such an event, but not for acquiring day-to-day necessities over months after the event).

For example, let's say you just need an equivalent amount of gold to cover your yearly income. For me, thats $80,000. According to the U.S. Mint, the government currently values their gold stockpile at $42.22 per ounce (which seems awfully lowballed?). To cover my yearly income I would need roughly 1,900 ounces or about 119 pounds of it. That doesn't seem like much compared to the tonnage that state governments horde, but that only covers 1 year and it assumes a straight dollar-to-gold conversion rate which isn't likely to hold in a currency collapse. It could also be that my math fucking sucks, please feel free to correct me.

It seems to me that, in a currency collapse, the entities most likely to prosper are the ones who are hording tons and tons of it which are state governments, corporations, and super wealthy individuals. Essentially, the same entities holding all the wealth now. They'd have the most "purchasing power" regardless of how gold's value would settle out in a post-fiat-currency economy. They would also be best equipped to continously acquire more of it, which would allow them to survive on a much longer term than any individual horder.
 
What's your point?

I believe my point was that if the US dollar crumbled tomorrow the world would (easily?) survive and another nation (China?) would simply takeover the role (Like has been done many times throughout history). Not sure how you missed it though. It was pretty fucking obvious.

A collapse of the Dollar in foreseeable future is a collapse in the government of the United States.
A collapse as in no longer existing? That's just historically wrong. The United States Government is on its third currency at the very least already. Hi, from the US, and we're still here. There are also conspiracy theories that have been floating around for decades about an already designed and waiting to be implemented future US GOV currency being in the works (Who has the biggest military might again?). I know, I know, just crazy tin foil hat shit (crosses eyes and eats out cousin) until it becomes common knowledge at a later date then people like you knew it all along.

https://en.wikipedia.org/wiki/North_American_monetary_union

No one will give two shites about gold or silver in any scenario that leads to the total collapse of the American government.
People have sought out gold (precious metals) as a storage of wealth for over four thousand years. The US is 240 years old.

The defining attribute of bullion is that it is valued by its mass and purity rather than by a face value as money. wiki
 
China manipulates all aspects of what it reports to the world for it's economy. Their stock market is fixed, as is the value of the yuan. Labor numbers are fudged. This is all common knowledge.

:D You state that so bravely like it's not the very case in every single major country on planet Earth. Yes, this should be common knowledge, too.

I'm not saying the United States has not been doing a bad job with its economic policies and that needs to be addressed, but using Chinese currency as a reserve option is a joke right now
All fiat currencies have been a joke (just stealing the wealth of all those that are forced into using it) since the Tang Dynasty (A.D. 618-907) that was hyperinflated out of existence. Hint: The rich always getting richer and the poor always getting poorer has a basis in all economics. It's not fucking magic and/or coincidence.
 
Doomsday predictors don't have any clue of the scale of the US economy and dollar. .

So you think the US economy is too big to fail when the actual sun (the one in outer space) isn't too big to fail, I got it. Every great nation has risen and fallen throughout human history. It's not an if but a when. The end of the US being the worlds reserve currency WOULD NOT be the end of the US country, just its empire (Unless it chose to nuke the planet = poor sports).

Yes, we've been running too much deficit during both boom and bust to keep taxes artificially low, but no it's not going to lead to hyperinflation and dollar collapse anytime soon.
You're right only for the fact that every country on the planet that actually cares is paying attention to the worlds reserve currency and they won't let it go that far. They'll just kill it first.

https://en.wikipedia.org/wiki/Reserve_currency#Calls_for_an_alternative_reserve_currency

A reserve currency is necessary because if I have Swiss francs and need Chilean pesos, there might not be a seller looking to make the opposite trade at any given time, but I can always sell the francs for USD and then buy pesos.
A new world reserve fiat currency would offer almost exactly the same options as today's world reserve currency. This isn't checkers, it's chess, and the games rules have been long established.

This means that the US enjoys a multiplier for expanding the money supply, with the foreign-held dollars acting like a heat sink to absorb the activity.
The next one will have the very same benefit.

This remains true as long as the Federal Reserve doesn't get so carried away that the rest of the world no longer considers the USD to be stable enough to continue using as the reserve (we are nowhere near that point, despite the occasional doomsayer).
Russia and China and many others must be the occasional doomsayers. Let me put on my tin foil hat and just ignore the facts.

By the end of this century, the Yuan or Euro could conceivably replace the USD as reserve currency or there could be multiple reserves, but as of 2015 neither currency is remotely close to being able to take that mantle.
The federal reserve note will be extinct before 2100 let alone the worlds reserve currency. I'll bet you one grain of gold.

This causes the US to be the "cleanest dirty shirt in the laundry pile" in times of crisis, even when that crisis was caused by US institutions in the first place.
You clearly mistake biggest military might with cleanest shirt.

But the myth that the US economy is going to come crashing down around our ears due to <insert financial bogeyman> is a political canard to advance the argument that we should defund the already-meager (by 1st world standards) social services that the government provides.
1. History. 2. Fact. 3. That's corrupt politicians, they always do that, it's nothing new.

It has no basis in past or present-day reality
Our realities must be from different dimensions.The first fiat currency ever designed came crashing down and everyone after that. It's actually based in reality.
 
gold and silver will be used as currency. When through rockefeller, rothschilds etc decide to do what they always do destroy for profit and resources through the worlds legal terrorists united states of america. They will crash the economy since almost every currency is tied to the central bank. Just hope brics hurry up.


Digg into BRICs most of the minsters are all X-IMF boys running the show. This is the solution being created for us once the dollar loses reserve status. Its classic problem solution used over & over to fuck the sleeping masses. Public indoctrination schools create good little yes men. The world is not going to mad max after dollar collapse the "solution" will be @ hand soon enough & those gold coins will convert to whatever new digital currency that is created.
 
The tl;dr of this thread.

America = terrorists, Bitcoin = The Future, Guns = from my cold dead hand.
 
So you think the US economy is too big to fail when the actual sun (the one in outer space) isn't too big to fail, I got it. Every great nation has risen and fallen throughout human history. It's not an if but a when. The end of the US being the worlds reserve currency WOULD NOT be the end of the US country, just its empire (Unless it chose to nuke the planet = poor sports).
It's not because the US economy is too big to fail, it's that we are nowhere near the historical thresholds for hyper-inflation and currency failure. We would have to massively increase the deficit for that to happen.

You're right only for the fact that every country on the planet that actually cares is paying attention to the worlds reserve currency and they won't let it go that far. They'll just kill it first.

https://en.wikipedia.org/wiki/Reserve_currency#Calls_for_an_alternative_reserve_currency
There's a huge difference between calls for a new reserve currency and the massive sea change involved in making it happen. Neither the Yuan nor the Euro have anything close to the stability and capacity to take over, and the Chinese economy is too opaque and subject to manipulation by its government for its currency to gain the necessary global trust. There's simply no replacing the USD for the forseeable future and even if there were, all those central banks would need to sell their trillions of reserve dollars in favor of the new currency, causing massive price disruptions. This is not something that will happen unless it's absolutely necessary and will not take place overnight, or even in one decade.

Russia and China and many others must be the occasional doomsayers.
If you think Russian and Chinese politicians throwing a tizzy fit over the dollar's privileged position is going to dethrone the dollar as the world's reserve currency, you truly have no concept of the scale of trade being discussed.
The federal reserve note will be extinct before 2100 let alone the worlds reserve currency. I'll bet you one grain of gold.
I'll bet you a million dollars. ;)

You clearly mistake biggest military might with cleanest shirt.
I did not mention the US military once in my post. The US is the cleanest dirty shirt in a crisis because it has the largest economy and the reserve currency so it is less affected by economic shocks, even ones with their epicenters inside its borders. US dollar-denominated assets, particularly treasury bills and notes, become more desirable in a flight to safety, even in the ironic situation where that flight to safety was caused by doubts about the creditworthiness of those very same treasuries. It's not fair, but it's the world we live in and it's not going to change its stripes anytime soon.

Our realities must be from different dimensions.The first fiat currency ever designed came crashing down and everyone after that. It's actually based in reality.
I'm sure someday the US dollar and the US itself will be history and eventually archaeology, but that day is not imminent. The forces that, according to conspiracy theorists and doomsayers, will supposedly bring about the end of the dollar's reserve status or the dollar itself are insufficient by many orders of magnitude and will remain so for at least the next few decades.
 
It's not because the US economy is too big to fail, it's that we are nowhere near the historical thresholds for hyper-inflation and currency failure. We would have to massively increase the deficit for that to happen.
Nope, you just need an asteroid of significant size to hit somewhere on the planet, or terrorists that somehow get several nukes and set them off in the middle of several large US cities, causing a panic as the population moves out of the cities and creates a stock market crash.

Point is, if you have tons of money already, and all your needs are already met, what is the harm in setting aside a "just in case" preferably secret location bunker with a small amount of gold, silver, food, and defensive armaments?

Worst case scenario, you wasted some resources of which you have plenty at the moment, but you still got peace of mind out of it. Best case scenario, you can not only survive but live comfortably in case of "insert crazy disaster nobody saw coming" until some semblance of normalcy returns.
 
The guy who has cows sells his cows to the guy who has grain.
But the man selling cows has no need for grain that month.

The man selling cows knows that the man selling the fertilizer he wants will accept item X. He informs the man selling grain, who happens to also have item X.

Congrats. Your barter apocalypse society has just reinvented currency!

I could be mistaken but currency is largely defined by common usage. A couple people using item X, while a couple others use item y, while still yet more people use item Z would not meet the definition of a currency. Barter =/= currency
 
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