Gold as money, again: is this the first step?

[CAP1]

as long as someone is willing to accept your money in trade for a service, or product, money will have some sort of value. when money fails, then trade service for product, product for product, service for service, etc.

[zack1234]

I saved up and payed cash for my house and car

Credit  

You can have what you want but you cant have what you need

The fact that people are allowed to buy a car when they dont have the money is the problem

When I drop dead they will have sore eyes looking for my money

So when is paper money poo?

As Sabre stated the deppression has not arrived yet

It happend in the 1670's 1790's 1920's 1970's its historical fact people are greedy stupid and think they can make easy money, buying a house as a investment could not carry on

I bought a house in the 80's for £20k four years later it was worth £60k

It was nonsene it could not last, Chrysler remorgaged all its property for trillions 

[ToeTag]

Knowledge of brewing?  Check

Knowledge of distillation?  Check

I think that I will have all the currency that I need if the economy collapses. 

MMMM...think I'm going to drag my old still out of storage.

[Rob52240]

Eventually, someone will be buying a loaf of bread with a gold bar.

Eventually???  Heck I'll trade you TWO loaves of bread for a gold bar.  I'll even throw in a toaster just to be nice.

[Rob52240]

So when is paper money poo?

Paper currency isn't money.  It's a receipt for money.

[ToeTag]

Isn't Canada trying to introduce all digital or card currency right now?

[Grayeagle]

Any time I run into 'the sky is falling' routine .. I have to wonder.
A fortress is only as good as the men in it.

How many rounds *is* enough?
Can you make your own brass, powder, primer,
..repair-replace?
Granted ..even if 'civilization' completely collapsed ..there will be guns for our lifetimes.

Even if you simplify .. a bow .. can you make a good one?
Arrows? Fletching? ..and someone will have a gun even decades after a major collapse.

I'm thinkin a good, simple double barrel 12 guage, a decent bolt action scoped 30-06, and perhaps a coupla revolvers.
Low tech, low maintenance, very reliable.
Can store them longer than you will be alive and they will still work fine when needed.

Save the planet ..hah
.. I'd settle for bein able to grow my own and having friends to rely on.
'save me from bloody men' as the parable goes.

Frank aka GE
-just sayin (tm Pasha)

[Shuffler]

Paper currency isn't money.  It's a receipt for money.

It used to be when we were on the gold standard. It's just paper now.

[RTHolmes]

Paper currency isn't money.  It's a receipt for money.

wrong, paper currency is one form of money.

[zack1234]

The UK has not been has not been on the gold standard for years

In the near future a £1 will be worth a £1

And $1 will be worth $1

I knew people who had been in prison who could get credit for a car and drove around with no insurance and road tax, they were bullett proof, they were not bother about going back to jail or paying the car off.

The car companies were not bother because they had made a sale, the credit companies were not bothered because they were investing the money in portfolios, the investment companies were using peoples savings and pension schemes to fund it all. (now these pensions funds are bankrupt) 

Insurance has gone up in the UK and people are complaining, they did not realise that the money they gave the Insurance companies was put into investment companies (thats how the made a profit) now the markets are plop they have to charge the customer a realistic quote.

RT and Yarbles are to blame they work in the city,  stone them (My money is under my bed RT you can't have it )

[RTHolmes]

hey dont blame me! I work in a village, not the city

[zack1234]

Village people

What should I invest in RT?

[RTHolmes]

good question, depends entirely on your situation. if I had extra income to invest where I live I'd be snapping up and converting properties to let. nothing (legal) touches the yield. do what my asian mate and his family do - put in a stupid offer (25-30% off asking price) on every suitable property that comes up and eventually someone will be desparate enough to take it. then fill it with students and move on to the next one.

[Ardy123]

good question, depends entirely on your situation. if I had extra income to invest where I live I'd be snapping up and converting properties to let. nothing (legal) touches the yield. do what my asian mate and his family do - put in a stupid offer (25-30% off asking price) on every suitable property that comes up and eventually someone will be desparate enough to take it. then fill it with students and move on to the next one.

As RTHolmes stated, real estate is entirely dependent on where you live and what you plan on doing with it. If you are looking to rent it out what you need to look at is the vacancy rates and the ratio between the cost and the rental income, some places have a favorable ratio, others don't.

[CAP1]

good question, depends entirely on your situation. if I had extra income to invest where I live I'd be snapping up and converting properties to let. nothing (legal) touches the yield. do what my asian mate and his family do - put in a stupid offer (25-30% off asking price) on every suitable property that comes up and eventually someone will be desparate enough to take it. then fill it with students and move on to the next one.

 i was thinking of that around here. there's a hud owned house about 2 blocks from me, that i feel i could grab pretty cheap right now, and then go through a real estate agent, and have it rented out for at least enought o cover the mortgage and taxes.......