When You Are the ATM – How to Carry Gold and Not Get Ripped Off In a Post-Collapse World
by Molon Labe (Gabriel)
May 19, 2013
With the global economy hanging on by one rusty and wobbling wheel to the triple loop roller-coaster rails we are on; paper money is no longer a wise investment. For those who see the writing on the wall and even the less pessimistic, holding precious metals in the form of Gold and Silver are a time-tested hedge against inflation, currency manipulation and bank defaults. You can’t help but hear the advice of financial professionals who are saying you should buy gold at the very least as part of a diversification strategy. There are numerous opinions about this and I for one am convinced that at some point in our future, the dollars in my bank will either be worthless or unobtainable for a variety of reasons. If the economy finally does go off the rails, precious metals are what we in the prepping community are looking to as our monetary bumper guard.
When this happens, people who have prepared by purchasing Gold and Silver for their financial security will be all set, right? That is what we all think about but it got me to thinking. Let’s take the hypothetical scenario that you have purchased 10,000 silver American Eagles and they are hidden safely away somewhere that only you and your spouse know about. You wake up tomorrow morning and we are hit with a Weimar Republic type of scenario. Banks are closed for weeks and thousands of dollars won’t buy a loaf of bread. The way of life we once knew is completely gone and now you have one of the only forms of money that will buy anything. You figure you can go down to the local market and buy or barter for anything you want with some of your shiny American Eagles. There may be a few problems though.