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Thread: educated guesses with reasoning of when we may finally see spot price stop dropping.

  1. #31

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    Quote Originally Posted by maxwellsilverhammer View Post
    Thanks for your reply. Yes I agree but do you think it is the case when there is no electronic communication available? No phones, internet, computers, etc?

    I will reply as well.
    It will likely be the same but on a smaller regional area determined upon the distance one is willing to travel to make the barter. Look at the transactions for food in the inner city where the poor must use their corner store to buy a box of corn flakes: Whatever the market will bear.
    Those are also great points, Max. Sometimes, nay, oftentimes convenience/necessity outweighs the need to remember and employ the old adage of (not being) "pennywise, pound foolish". People will pay whatever the market will bear to avoid having to travel far (especially with fuel prices the way they are- FJB). It has become a way of life for many of us. It's especially true as you said, in cities and even in rural areas.

    To add, a lot of people who foolishly went out and bought or leased motor vehicles that they couldn't afford using all of that "free" Covid-19 money, have now had them repossessed and don't even have the means to travel even moderate distances any longer. Imagine trying to pick up all of the family groceries on a bicycle! So essentially, they have to buy what they need or want where they can get it. That's part of the reason many car dealerships inventories have been growing, and there are growing numbers of no sales at car auctions. Naturally, there are other factors which add to this like: so-called chip shortages (which have now supposedly caught up), greedy car dealers taking advantage of people who were unwilling to wait for "normal pricing", and rising interest rates from the good old Fed, etc., etc.

    Anyway, sorry for the digression above, but I thought it all ties in together. Regarding how hard assets would be priced: What I see happening is this... There is a "black market" in pretty much all things- even when times are good. Flea markets, yard sales, and garage sales come to mind and they're legal. So, if we actually were to reach Mad Max/TEOTWAWKI/zombie apocalypse scenarios where we're at the bottom of the birdcage so to speak, there is no reason to believe that there wouldn't still be black markets for essential business to be conducted. I have heard that even some communist governments like North Korea know that there is a black market for things there, and they allow it to happen because that is the only way for the people who are without to at least stay afloat/tread water. I've never been to these particular places, but I'd bet Venezuela, and some of the African countries who are mineral rich, have a thriving black market in precious metals. I certainly have no way of knowing the actual prices determined, as I believe an online search wouldn't be accurate, and I don't know anyone who lives there to confirm what would be factual figures. As for me, I'm going to keep on stackin'.

  2. #32

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    Quote Originally Posted by ynot2k View Post
    Hi Goldtiki2,

    Thanks for your reply. Yes I agree but do you think it is the case when there is no electronic communication available? No phones, internet, computers, etc?

    Regards,
    maxwellsilverhammer replied IMO quite well yr question, the fall out of electronic devices would of course be troublesome for many, but that wouldn't stop humans from behaving the way i described, the poin is that an e-knock-out would be a disaster, in the sense that all e-stored richess would be inaccessible. Most would be WITHOUT a possibility to barter but their spare bedsheets and undertrousers.

    It is clear that in a conflict, the first targets will be the electricity producing plants and gridsstems. Once they are downn then

    AH, ITS GONE : also Bitcoin or whatever el-fed.

    Better have something real to sell or barter

    Golditiki2+++

  3. #33

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    Quote Originally Posted by golditiki2 View Post
    maxwellsilverhammer replied IMO quite well yr question, the fall out of electronic devices would of course be troublesome for many, but that wouldn't stop humans from behaving the way i described, the poin is that an e-knock-out would be a disaster, in the sense that all e-stored richess would be inaccessible. Most would be WITHOUT a possibility to barter but their spare bedsheets and undertrousers.

    It is clear that in a conflict, the first targets will be the electricity producing plants and gridsstems. Once they are downn then

    AH, ITS GONE : also Bitcoin or whatever el-fed.

    Better have something real to sell or barter

    Golditiki2+++
    I think you would have to include bank accounts, trading accounts, possibly access to electronically secured safety deposit boxes, gasoline, refrigeration and air conditioning (heat also, but it is easier to heat than cool), stoves, security systems, phone system.... I am not sure PM's would be able to do much more than sit there until society was able to get its' schitt back together.

    ... and the little left of common sense and sanity it think would quickly evaporate.
    Last edited by t00nces2; 02-21-2023 at 07:09 AM.
    Now there's no more oak oppression
    They passed a noble law
    Now the trees are all kept equal
    By hatchet, axe and saw.

    I will not comply.

    The Tea Party... quietly plotting to take over the world,
    and leave you the hell alone!

  4. #34

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    All one has to observe is the aftermath of a hurricane or earthquake to see what it would be like should we suffer a massive electronics failure.

    My wife and I went through a large earthquake in S. Ca and were luckier than many. We still had nat. gas working at our house. No electricity or water for 3 weeks, more or less. Plus no gas stations, no ATM's, many destroyed roads and little government support except FEMA water after about a week. (just like New Palestine Ohio is seeing) The local food store was upended and everything on the shelves was now on the floor. Glass jars broken, frozen food not save to use and no way to check out except cash with clerks using a calculator (lucky no EMP) to figure the totals. After the second week they did take checks if they thought they knew you from prior shopping. Take a flashlight with you to see since it gets dark walking down the aisles. Or walking at night too. You could drive, but once your fuel was gone you had better have a means of finding an open station that had gas somewhere within driving distance. This was a local area problem and not the whole damn country, so some things were manageable that would not be the case if a huge area was effected. You had better have food, water and a means of keeping the same if the real thing ever happened. I'd guess that barber would come into play after some time and booze, tobacco, (drugs) and ammo might be more important than PM for barter, IMHO. Once all of those ran out maybe PM? Perhaps labor would be in demand - forced labor for a meal?

    PM will be more important if (when) out fearless leaders force digital currency into being. Black market payments off the books for things being restricted to those with bad social scores. No donuts for fat people, no booze for those with DWI's. Etc. I for one hope to not live long enough to see the brave new world of the socialists. A new dark ages, IMHO. You will own nothing and YOU WILL be happy. Or as the saying goes: "The beatings will continue until moral improves".
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

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